Asia Pacific Innerwear Market Size & Outlook, 2023-2030
Asia Pacific innerwear market, 2017-2030 (US$M)
Related Markets
Asia Pacific innerwear market highlights
- The Asia Pacific innerwear market generated a revenue of USD 87,779.0 million in 2023.
- The market is expected to grow at a CAGR of 6.2% from 2024 to 2030.
- In terms of segment, bottom innerwear was the largest revenue generating product in 2023.
- Thermal & Baselayers is the most lucrative product segment registering the fastest growth during the forecast period.
- Country-wise, India is expected to register the highest CAGR from 2024 to 2030.
Asia Pacific data book summary
| Market revenue in 2023 | USD 87,779.0 million |
| Market revenue in 2030 | USD 133,495.1 million |
| Growth rate | 6.2% (CAGR from 2023 to 2030) |
| Largest segment | Bottom innerwear |
| Fastest growing segment | Thermal & Baselayers |
| Historical data covered | 2017 - 2022 |
| Base year for estimation | 2023 |
| Forecast period covered | 2024 - 2030 |
| Quantitative units | Revenue in USD million |
| Market segmentation | Top Innerwear, Bottom Innerwear, Thermal & Baselayers |
| Key market players worldwide | Victoria's Secret & Co, Amazon.com Inc, Hanesbrands Inc, Jockey International, PVH Corp |
Other key industry trends
- In terms of revenue, Asia Pacific region accounted for 41.1% of the global innerwear market in 2023.
- Globally, Asia Pacific is projected to lead the regional market in terms of revenue in 2030.
- Asia Pacific is the fastest growing regional market and is projected to reach USD 133,495.1 million by 2030.
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Innerwear Market Scope
Innerwear Market Companies
| Name | Profile | # Employees | HQ | Website |
|---|
Asia Pacific innerwear market outlook
The databook is designed to serve as a comprehensive guide to navigating this sector. The databook focuses on market statistics denoted in the form of revenue and y-o-y growth and CAGR across the globe and regions. A detailed competitive and opportunity analyses related to innerwear market will help companies and investors design strategic landscapes.
Bottom innerwear was the largest segment with a revenue share of 51.16% in 2023. Horizon Databook has segmented the Asia Pacific innerwear market based on top innerwear, bottom innerwear, thermal & baselayers covering the revenue growth of each sub-segment from 2017 to 2030.
One of the key drivers of the innerwear market in the Asia Pacific is the rising disposable income and growing middle-income groups in countries such as China, India, and Southeast Asian nations. As incomes increase, consumers are allocating a larger portion of their budget to personal care and fashion, including innerwear.
This trend is fueling the demand for a wide range of innerwear products, from basic everyday essentials to luxurious and premium designs. Furthermore, the presence of both global and local innerwear brands in Asia Pacific has contributed to the market's growth.
Global brands bring their established reputation, quality standards, and innovative designs to the region, catering to consumers who seek international trends and styles. At the same time, local brands have been successful in tapping into the preferences and cultural nuances of their domestic markets, offering products that resonate with Asian consumers.
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Target buyers of Asia Pacific innerwear market databook
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Our clientele includes a mix of innerwear market companies, investment firms, advisory firms & academic institutions.
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30% of our revenue is generated working with investment firms and helping them identify viable opportunity areas.
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Approximately 65% of our revenue is generated working with competitive intelligence & market intelligence teams of market participants (manufacturers, service providers, etc.).
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The rest of the revenue is generated working with academic and research not-for-profit institutes. We do our bit of pro-bono by working with these institutions at subsidized rates.
Horizon Databook provides a detailed overview of continent-level data and insights on the Asia Pacific innerwear market , including forecasts for subscribers. This continent databook contains high-level insights into Asia Pacific innerwear market from 2017 to 2030, including revenue numbers, major trends, and company profiles.
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Asia Pacific innerwear market size, by country, 2017-2030 (US$M)
Asia Pacific Innerwear Market Outlook Share, 2023 & 2030 (US$M)
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