South Korea Lingerie Market Size & Outlook, 2021-2030
South Korea lingerie market, 2017-2030 (US$M)
Related Markets
South Korea lingerie market highlights
- The South Korea lingerie market generated a revenue of USD 1,367.7 million in 2021 and is expected to reach USD 2,209.5 million by 2030.
- The South Korea market is expected to grow at a CAGR of 5.5% from 2022 to 2030.
- In terms of segment, offline was the largest revenue generating distribution channel in 2021.
- Online is the most lucrative distribution channel segment registering the fastest growth during the forecast period.
Lingerie market data book summary
| Market revenue in 2021 | USD 1,367.7 million |
| Market revenue in 2030 | USD 2,209.5 million |
| Growth rate | 5.5% (CAGR from 2021 to 2030) |
| Largest segment | Offline |
| Fastest growing segment | Online |
| Historical data | 2017 - 2020 |
| Base year | 2021 |
| Forecast period | 2022 - 2030 |
| Quantitative units | Revenue in USD million |
| Market segmentation | Offline, Online |
| Key market players worldwide | Victoria's Secret & Co, Reliance Industries Ltd GDR - 144A, Gap Inc, Hanesbrands Inc, Walmart Inc, Jockey International, Triumph International, Hunkemoller, Calvin Klein, MAS Holdings |
Other key industry trends
- In terms of revenue, South Korea accounted for 1.6% of the global lingerie market in 2021.
- Country-wise, U.S. is expected to lead the global market in terms of revenue in 2030.
- In Asia Pacific, China lingerie market is projected to lead the regional market in terms of revenue in 2030.
- China is the fastest growing regional market in Asia Pacific and is projected to reach USD 34,296.8 million by 2030.
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Lingerie Market Scope
Lingerie Market Companies
| Name | Profile | # Employees | HQ | Website |
|---|
South Korea lingerie 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 lingerie market will help companies and investors design strategic landscapes.
Offline was the largest segment with a revenue share of 59.19% in 2021. Horizon Databook has segmented the South Korea lingerie market based on offline, online covering the revenue growth of each sub-segment from 2017 to 2030.
A key factor driving the growth of the Lingerie market in South Korea is the changing social attitudes towards lingerie. Traditionally, lingerie was considered a taboo subject, but with the influence of global fashion trends and increasing exposure to international media, South Koreans have become more open to discussing and embracing lingerie as a fashion statement.
This cultural shift has paved the way for increased demand and acceptance of Lingerie products. South Korean consumers also have a strong emphasis on quality and aesthetics. They value well fitting and comfortable lingerie that enhances their body shape and complements their outfits.
As a result, there is a growing demand for lingerie brands that prioritize both style and functionality. Domestic and international lingerie brands in South Korea focus on offering a diverse range of sizes, designs, and materials to cater to the diverse needs of consumers.
Reasons to subscribe to South Korea lingerie market databook:
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Target buyers of South Korea lingerie market databook
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Our clientele includes a mix of lingerie 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 country-level data and insights on the South Korea lingerie market , including forecasts for subscribers. This country databook contains high-level insights into South Korea lingerie market from 2017 to 2030, including revenue numbers, major trends, and company profiles.
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South Korea lingerie market size, by distribution channel, 2017-2030 (US$M)
South Korea Lingerie Market Outlook Share, 2021 & 2030 (US$M)
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