Latin America Shapewear Market Size & Outlook, 2020-2028
Latin America shapewear market, 2016-2028 (US$M)
Related Markets
Latin America shapewear market highlights
- The Latin America shapewear market generated a revenue of USD 79.5 million in 2020.
- The market is expected to grow at a CAGR of 7.8% from 2021 to 2028.
- In terms of segment, female was the largest revenue generating end user in 2020.
- Male is the most lucrative end user segment registering the fastest growth during the forecast period.
- Country-wise, Brazil is expected to register the highest CAGR from 2021 to 2028.
Latin America data book summary
| Market revenue in 2020 | USD 79.5 million |
| Market revenue in 2028 | USD 144.4 million |
| Growth rate | 7.8% (CAGR from 2020 to 2028) |
| Largest segment | Female |
| Fastest growing segment | Male |
| Historical data covered | 2016 - 2019 |
| Base year for estimation | 2020 |
| Forecast period covered | 2021 - 2028 |
| Quantitative units | Revenue in USD million |
| Market segmentation | Female, Male |
| Key market players worldwide | Nike Inc Class B, Adidas AG, Wacoal Holdings Corp, Under Armour Inc Class A, Spanx, Triumph International, Leonisa USA, 2XU, SKINS |
Other key industry trends
- In terms of revenue, Latin America region accounted for 4.2% of the global shapewear market in 2020.
- Globally, North America is projected to lead the regional market in terms of revenue in 2028.
- Asia Pacific is the fastest growing regional market and is projected to reach USD 816.2 million by 2028.
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Shapewear Market Scope
Shapewear Market Companies
| Name | Profile | # Employees | HQ | Website |
|---|
Latin America shapewear 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 shapewear market will help companies and investors design strategic landscapes.
Female was the largest segment with a revenue share of 96.98% in 2020. Horizon Databook has segmented the Latin America shapewear market based on female, male covering the revenue growth of each sub-segment from 2016 to 2028.
The growing popularity of shapewear products among millennials and the younger generation is the key factor driving this market. Moreover, the penetration of shapewear brands in Latin America is likely to have a positive impact on the regional growth.
Companies in the region offer products such as recovery and compression wear, including post-partum belt body recovery shapewear, belly waist belt, and corset waist trainer. The presence of key players and regional brands such as Lycra, Spanx, Miraclesuit, Matalan, John Lewis & Partners, and Wolford in the women segment is expected to drive the growth of the market.
These players have an extensive product range, and many have a loyal customer base, which further supports the growth of the market. This segment has gained significant popularity among consumers in the region, due to the price comparison option and the availability of a wide range of products from various brands.
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Target buyers of Latin America shapewear market databook
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Our clientele includes a mix of shapewear 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 Latin America shapewear market , including forecasts for subscribers. This continent databook contains high-level insights into Latin America shapewear market from 2016 to 2028, including revenue numbers, major trends, and company profiles.
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Latin America shapewear market size, by country, 2016-2028 (US$M)
Latin America Shapewear Market Outlook Share, 2020 & 2028 (US$M)
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