Asia Pacific Bra Market Size, Share, By Type (Padded Bra and Non-Padded Bra), By Application (Textile, Design, and Fashion) and By Country (India, Japan, South Korea, China and Rest of Asia Pacific) - Trends, Analysis and Forecast till 2034

Report Code: PMI527824 | Publish Date: June 2024 | No. of Pages: 126

Asia Pacific Bra Market Overview

Asia Pacific Bra Market Size was valued at 7.6 billion in 2024 and is projected to grow at a CAGR of 17.8% to reach US$ 30.8 billion by 2034

The Asia Pacific region boasts a vibrant and rapidly growing bra market, driven by evolving fashion trends, changing consumer preferences, and increasing awareness of lingerie as a fashion statement and essential wardrobe item. With a diverse population spanning multiple countries and cultures, Asia Pacific offers a dynamic marketplace for bra manufacturers and retailers to innovate and cater to various body types, sizes, and style preferences. As the region experiences economic growth and urbanization, coupled with a rising middle-class population and changing lifestyles, the demand for bras continues to surge. Moreover, the influence of Western fashion trends and the proliferation of e-commerce platforms have contributed to the democratization of lingerie shopping, making bras more accessible to consumers across urban and rural areas alike.

Asia Pacific Bra Market Dynamics

Key Drivers of Target Market:

Cultural Shift towards Body Positivity and Self-Expression

One of the primary driving factors of the Asia Pacific bra market is the cultural shift towards body positivity and self-expression. As societal norms evolve, diverse body types and sizes are increasingly accepted and celebrated. This shift has increased demand for bras that cater to individual preferences and comfort levels rather than conforming to traditional beauty standards. Brands that embrace inclusivity and diversity in their marketing campaigns and product offerings resonate strongly with consumers in the Asia Pacific region, driving higher sales and brand loyalty. Moreover, the rise of social media influencers and celebrities advocating for body positivity has further amplified this trend, encouraging consumers to embrace their unique body shapes and express themselves through their choice of lingerie.

Rising Disposable Incomes and Changing Lifestyles

Another significant driving factor is rising disposable incomes and changing lifestyles across many Asian Pacific countries. Economic prosperity, urbanization, and increased participation of women in the workforce have led to higher spending power and a greater emphasis on personal grooming and fashion. As consumers become more discerning and fashion-conscious, they are willing to invest in high-quality bras that offer superior comfort, support, and style. Moreover, the growing influence of Western fashion trends and the desire to emulate the lifestyles of celebrities and influencers drive the demand for trendy bras. As a result, premium lingerie brands and designer labels are experiencing a surge in demand, particularly among young urban consumers who prioritize style and luxury.

Restrains:

Cultural and Regulatory Barriers

Despite the positive growth trajectory, the Asia Pacific bra market faces certain restraining factors, one of the most notable being cultural and regulatory barriers. Some countries in the region have conservative cultural norms and regulations regarding the depiction and marketing of lingerie, which can limit the growth potential of the bra market. Additionally, varying standards of modesty and perceptions of femininity across different cultures may influence consumer preferences and purchasing behavior. Moreover, stringent regulations related to import tariffs, product labeling, and certification requirements can pose challenges for international bra brands looking to enter new markets within the Asia Pacific region. As a result, companies must navigate these cultural and regulatory nuances carefully to successfully penetrate and thrive in the diverse Asia Pacific bra market.

Asia Pacific Bra Market Segmentation

The market is segmented based on Type, Application, and Country.

Asia Pacific Bra Market Report Scope:

Attribute

Details

Market Size 2024

US$ 7.6 billion

Projected Market Size 2034

US$ 30.8 billion

CAGR Growth Rate

17.8%

Base year for estimation

2023

Forecast period

2024 – 2034

Market representation

Revenue in USD Billion & CAGR from 2024 to 2034

Market Segmentation

By Type - Padded Bra and Non-Padded Bra

By Application - Textile, Design, and Fashion

Report coverage

Revenue forecast, company share, competitive landscape, growth factors, and trends

Segments Covered in the Report:

This report forecasts revenue growth at regional and country levels and provides an analysis of the latest industry trends and opportunities in each of the sub-segments from 2023 to 2034. For the purpose of this study segmented the Bra Market report based on Type, Application and Country:

Segmentation:

By Type:

  • Padded Bra
  • Non-Padded Bra

By Application:

  • Textile
  • Design
  • Fashion

By Country:

  • India
  • Japan
  • South Korea
  • China
  • Rest of Asia Pacific

Asia Pacific Bra Market Key Players

The key players operating the Bra Market includes L Brands, Inc., HANESBRANDS, INC., THE PHILLIPS-VAN HEUSEN CORPORATION, Berkshire Hathaway, Inc., Wacoal, Inc., Jockey International, Inc., GROUPE CHANTELLE, Wolf Lingerie Limited.

Asia Pacific Bra Market Company Profile

  • L Brands, Inc., Inc. *
    • Company Overview
    • Product Portfolio
    • Key Highlights
    • Financial Performance
    • Business Strategies
  • HANESBRANDS, INC.
  • THE PHILLIPS-VAN HEUSEN CORPORATION  
  • Berkshire Hathaway, Inc.
  • Wacoal, Inc., Ltd.
  • Jockey International, Inc.  
  • GROUPE CHANTELLE, INC.
  • Wolf Lingerie Limited     

"*" marked represents similar segmentation in other categories in the respective section.

Asia Pacific Bra Market Table of Contents

  1. Research Objective and Assumption
    • Research Objectives
    • Assumptions
    • Abbreviations
  2. Market Preview
    • Report Description
      • Market Definition and Scope
    • Executive Summary
      • Market Snippet, By Type
      • Market Snippet, By Application
      • Market Snippet, By Country
    • Opportunity Map Analysis
  3. Market Dynamics, Regulations, and Trends Analysis
    • Market Dynamics
      • Drivers
      • Restraints
      • Market Opportunities
    • Market Trends
    • Product Launch
    • Merger and Acquisitions
    • Impact Analysis
    • PEST Analysis
    • Porter’s Analysis

Market Segmentation, By Type, Forecast Period Forecast Period up to 10 Years, (US$ Bn)

  • Overview
    • Market Value and Forecast (US$ Bn), and Share Analysis (%), Forecast Period up to 10 Years
    • Y-o-Y Growth Analysis (%), Forecast Period up to 10 Years
    • Segment Trends
  • Padded Bra
    • Overview
    • Market Size and Forecast (US$ Bn), and Y-o-Y Growth (%), Forecast Period up to 10 Years
  • Non-Padded Bra
    • Overview
    • Market Size and Forecast (US$ Bn), and Y-o-Y Growth (%), Forecast Period up to 10 Years

Market Segmentation, Application, Forecast Period Forecast Period up to 10 Years, (US$ Bn)

  • Overview
    • Market Value and Forecast (US$ Bn), and Share Analysis (%), Forecast Period up to 10 Years
    • Y-o-Y Growth Analysis (%), Forecast Period up to 10 Years
    • Segment Trends
  • Textile
    • Overview
    • Market Size and Forecast (US$ Bn), and Y-o-Y Growth (%), Forecast Period up to 10 Years
  • Design
    • Overview
    • Market Size and Forecast (US$ Bn), and Y-o-Y Growth (%), Forecast Period up to 10 Years
  • Fashion
    • Overview
    • Market Size and Forecast (US$ Bn), and Y-o-Y Growth (%), Forecast Period up to 10 Years

Market Segmentation, By Country, Forecast Period Forecast Period up to 10 Years, (US$ Bn)

  • Overview
    • Market Value and Forecast (US$ Bn), and Share Analysis (%), Forecast Period up to 10 Years
    • Y-o-Y Growth Analysis (%), Forecast Period up to 10 Years
    • Country Trends
  • Asia Pacific
    • Market Size and Forecast (US$ Bn), By Application, Forecast Period up to 10 Years
    • Market Size and Forecast (US$ Bn), By End User, Forecast Period up to 10 Years
    • Market Size and Forecast (US$ Bn), By Country, Forecast Period up to 10 Years
      • India
      • Japan
      • South Korea
      • China
      • Rest of Asia Pacific

Competitive Landscape

  • Heat Map Analysis
  • Company Profiles
    • L Brands, Inc.
    • HANESBRANDS, INC.
    • THE PHILLIPS-VAN HEUSEN CORPORATION  
    • Berkshire Hathaway, Inc.
    • Wacoal, Inc., Ltd.
    • Jockey International, Inc.  
    • GROUPE CHANTELLE, Inc.
    • Wolf Lingerie Limited

The Last Word

  • Future Impact
  • About Us
  • Contact

FAQs

Asia Pacific Bra Market is segmented into Type, Application and Country.

Cultural shift towards body positivity and self-expression and rising disposable incomes and changing lifestyles.

The Bra Market is segmented by country into India, Japan, South Korea, China, and the Rest of Asia Pacific. India is expected to dominate the market due to its large number of Consumers.

The key players operating the Bra Market includes L Brands, Inc., HANESBRANDS, INC., THE PHILLIPS-VAN HEUSEN CORPORATION, Berkshire Hathaway, Inc., Wacoal, Inc., Ltd., Jockey International, Inc., GROUPE CHANTELLE, INC., and Wolf Lingerie Limited