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The global compression wear and shapewear market was valued at US$ 14.19 Billion in 2021.
We expect the global compression wear and shapewear market to exhibit a CAGR of 7.50% during 2022-2027.
The sudden outbreak of the COVID-19 pandemic has led to the changing consumer inclination from conventional brick-and-mortar distribution channels towards online retail platforms for the purchase of compression wear and shapewear.
The growing consumer consciousness towards physical appearences, along with the increasing demand for compression wear and shapewear to contour and make the body appear slimmer by toning up the excess fat from different parts, is primarily driving the global compression wear and shapewear market.
Based on the product type, the global compression wear and shapewear market has been categorized into compression wear and shapewear. Currently, compression wear holds the majority of the total market share.
Based on the gender, the global compression wear and shapewear market can be segmented into male and female, where male currently accounts for the largest market share.
Based on the distribution channel, the global compression wear and shapewear market has been bifurcated into multi-retail stores, specialty retail stores, and online channels. Among these, specialty retail stores exhibit clear dominance in the market.
Based on the application, the global compression wear and shapewear market can be divided into performance and recovery and body shaping and lifestyle. Currently, performance and recovery holds the majority of the global market share.
On a regional level, the market has been classified into North America, Asia-Pacific, Europe, Latin America, and Middle East and Africa, where North America currently dominates the global market.
Some of the major players in the global compression wear and shapewear market include 2XU Pty Ltd, Adidas AG, Anita Dr.Helbig GmbH, EC3D Orthopaedic, Hanesbrands Inc. (Sara Lee Corporation), Nike Inc., Omtex Healthwear Pvt. Ltd., Orion Manufacturing Inc., Puma SE (Artemis S.A), Spanx Inc., Under Armour Inc., Wacoal America Inc, and Zoot Sports Inc. (K2 Sports LLC).
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