According to the research report titled ‘Global Shapewear Market Size study, by End-user (Male and Female), by Distribution Channel (Hypermarkets & Supermarkets, Specialty Stores, Online and Others), and Regional Forecasts 2021-2027’, available with MarketStudyReport, global shapewear market was valued at USD 1.9 billion in 2020 and is expected to amass a valuation of USD 3.26 billion by the end of the forecast period 2021-2027, registering a CAGR of 8% throughout.
 

As per the findings of the report, rising consciousness about ideal body shapes, increasing social media influence, and rapid development of innovative products are the primary factors propelling propel worldwide shapewear market growth.
 

Request sample copy of this Report: https://www.marketstudyreport.com/request-a-sample/4285247/
 

Moreover, surging popularity of fitness activities, and rising obesity rates are expected to enhance the industry outlook in the coming years. In fact, Australian Institute of Health and Welfare, in 2017-18, claimed that three out of every five (60%) of the country’s women were overweight or obese.
 

For those uninitiated, shapewear aids in compressing excess fat and making the body appear leaner and more presentable.
 

On the downside, increasing use of low-cost fabrics which might cause side effects is likely to hamper industry growth throughout the predicted period.
 

Based on end-user scope, the industry is classified into men and women. Considering distribution channel, the market classification comprises specialty stores, hypermarkets & supermarkets, online, and others.
 

From a regional perspective, the research literature on global shapewear market spans across North America (U.S., Canada), Europe (U.K., Germany, Spain, France, Russia, Italy), MEA (South Africa, Turkey, Saudi Arabia, UAE), Asia Pacific (Japan, China, South Korea, India, Australia), and Latin America (Mexico and Brazil).
 

Among the aforementioned, North America currently holds a major share in the industry, owing to the presence of a vast number of consumers and extensive popularity of athletics and sports in the region. Meanwhile, Asia Pacific industry is predicted to grow rapidly over 2021-2027, due to increasing launch of new products by market vendors.
 

Considering the competitive scope, Skins International Trading AG, 2XU Pty. Ltd., Wacoal America Inc., Triumph International Corp., Adidas AG, Nike Inc., Spanx Inc., Leonisa S.A., Ann Chery, and Under Armor Inc. are the major companies influencing global shapewear market trends.