Market revenue in 2022 | USD 159.3 million |
Market revenue in 2030 | USD 311.9 million |
Growth rate | 8.8% (CAGR from 2022 to 2030) |
Largest segment | Briefs |
Fastest growing segment | Shapewear |
Historical data | 2017 - 2021 |
Base year | 2022 |
Forecast period | 2023 - 2030 |
Quantitative units | Revenue in USD million |
Market segmentation | Briefs, Bras, Shapewear |
Key market players worldwide | Victoria's Secret & Co, Gap Inc, PVH Corp, Wacoal Holdings Corp, Hanesbrands Inc, Zivame.com, Triumph International, Chantelle, Hunkemoller, Natori |
Briefs was the largest segment with a revenue share of 55.99% in 2022. Horizon Databook has segmented the Indonesia intimate lingerie market based on briefs, bras, shapewear covering the revenue growth of each sub-segment from 2017 to 2030.
The intimate lingerie market in Indonesia has experienced significant growth and transformation in recent years. As the country's economy has developed and the fashion industry has expanded, there has been a notable increase in the demand for intimate apparel. Indonesian consumers are becoming more fashion-conscious and are embracing a wider range of lingerie styles and designs.
Many manufacturers and suppliers in Indonesia are focusing on sustainable lingerie by using renewable energy, production of sustainable fabric, and recycling facilities for intimate lingerie. In May 2022, Prym Intimates Indonesia- a supplier to the global lingerie industry, signed an agreement to use 100% renewable energy for its production.
In alignment with Indonesia's goals to enhance the proportion of renewable energy in its energy mix, with a target of 23% by 2025 and 31% by 2050, the REC (Renewable Energy Certificate) program actively assists the government's efforts to encourage the adoption of clean energy. This collaboration takes place in partnership with the Clean Energy Investment Accelerator (CEIA) Indonesia, further reinforcing the nation's commitment to promoting sustainable energy sources.
Key Regions: Brazil , U.S. , UK , Japan , South Africa
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