Lingerie Market size was over USD 85.6 Billion in 2023 and is set to cross USD 159.6 Billion by the end of 2036, witnessing more than 10.9% CAGR during the forecast period i.e., between 2024-2036. In the year 2024, the industry size of lingerie is assessed at USD 88.4 Billion.
The market growth is attributed to the growing number of working women and their increasing spending on good-quality products. According to the Periodic Labor Force Survey (PLFS) Annual Report by the Ministry of Statistics & Program Implementation, during 2022–2023, women’s participation in the labor force notably increased to 37.0%. Besides this, the changing lifestyle and clothing habits of millennials have increased the demand for good fabric lingerie.
Author Credits: Parul Atri
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