Global market for compression wear and shapewear is anticipated to grow a CAGR of 6.2 per cent to reach $10.2 billion by 2032. As per a report by the Brainy Insights, the market’s growth will be driven by rising health consciousness amongst the population and the entry of major local and international firms in the sportswear sector.
Growth in the global compression wear and shapewear market during the period is likely to be driven by the Asia-Pacific region. The region's major economies—South Korea, Japan, and China—will contribute substantially to the market growth.
Influenced by social media influencers and celebrity endorsers, the global shapewear segment is expected to grow at the highest CAGR during the forecast period. In terms of sales channel, the online sales segment is expected to grow at the highest CAGR during the forecast period.
The advent of e-commerce has made a wide variety of clothing and shapewear products from global manufacturers accessible to consumers. Widely available research on this trend enables them to explore different brands, styles, and functionalities.
