Erotic Lingerie Market - Growth, Trends, COVID-19 Impact, and Forecasts (2022 - 2027)

Erotic Lingerie Market - Growth, Trends, COVID-19 Impact, and Forecasts (2022 - 2027)

The Global Erotic Lingerie Market is projected to register a CAGR of 4.9% over the forecast period.

Key Highlights

• Customers across the world are looking to add style quotient to their lingerie and this factor has led to increased penetration of erotic lingerie in the overall lingerie category. In the emerging markets, increasing disposable incomes and a growing aspirational middle class has boosted the global market and has prompted the entry of multinational companies in these markets.
• The increasing presence of online retailers, both large multi-brand retailers like Amazon and smaller niche players, including exclusive lingerie online retailers have eliminated the customer inhibitions in conservative markets and has led to the growth of regions such as the Middle East

Key Market TrendsIncreased Penetration of Online Retail

Erotic lingerie is one of the fastest growing online sales categories. The retail sales of erotic lingerie from online channels showed a year-on-year increase of over 20% in 2018, compared to 2017. For instance, Victoria's Secret is the leading online retailer of erotic lingerie, and was the only lingerie retailer in the top-1000 online stores across the world, in spite of having a significant offline presence. Online sales of erotic lingerie are primarily driven by the lack of inhibitions and personalized nature of the online purchases. This is especially significant in markets where customers are still conventional in their outlook and have severe inhibitions buying erotic lingerie in stores. This trend has caught up with startups and newcomers looking to enter the erotic lingerie market. For instance, AdoreMe Inc. has emerged as one of the fastest growing startups in the lingerie market, which is exclusively focused on reaching out to the customer directly through online channels.

Asia-Pacific Fastest Growing Market

Increasing disposable incomes, increased urbanization, and exposure to Western culture has led to the rapid growth of the Erotic Lingerie Market in the Asia-Pacific. Companies operating in the market are increasingly investing in marketing and sales infrastructure in the region to capture the growing market, which have started yielding results. For instance, the Asia-Pacific sales of Tiffany increased by over 28% in the second quarter of 2018. The emergence of online platforms has also been driving the market.

Competitive Landscape

The Global Erotic Lingerie Market is consolidated with the presence of large global multinational players dominating the market. The major players are embarking on industry consolidation by entering into agreements or acquiring prominent domestic firms, which has intensified the competitive rivalry.

Additional Benefits:

• The market estimate (ME) sheet in Excel format
• 3 months of analyst support

Companies Mentioned

Victoria's Secret
Calvin Klein
Triumph International
Lise Charmel
La Perla
Groupe Chantelle
MAS Holdings Limited
Ann Summers
Cosabella

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