PUBLISHER: Fairfield Market Research | PRODUCT CODE: 1420287
PUBLISHER: Fairfield Market Research | PRODUCT CODE: 1420287
In a world where consumers are increasingly seeking branded body shaper products for that perfect silhouette, the global body shaper market is experiencing a surge in demand. Influenced by commercial advertisements, entertainment channels, and movies, branded body shapers are considered synonymous with quality and style. Companies are swiftly adapting to this trend by deploying a plethora of marketing strategies, including celebrity endorsements, product launches, marketing campaigns, events, and bolstering their digital presence.
The global body shaper market is witnessing a remarkable upswing, driven by the relentless pursuit of the perfect physique. As social media continues to dominate our lives, the desire to look attractive and share stunning photos is fueling the need for tummy slimmers and waist shapers.
Advancements in manufacturing technology have ushered in a new era of high-quality body shaper production. Innovations in material and fiber technology, such as advanced circular knit technology and non-vacuum-based cooling, have elevated product quality to unprecedented levels. Manufacturers are now able to cater to consumer preferences more effectively.
In recent years, notable figures like Kim Kardashian and British brand Heist have made their mark in the industry with the launch of SKIMS and The Outer Body, respectively. These developments exemplify the market's dynamic nature and commitment to staying at the forefront of fashion and innovation.
The rise of e-commerce has reshaped the body shaper market. Increasing internet adoption and a global surge in e-commerce transactions have propelled the industry to new heights. Consumers now prefer the convenience of online shopping, enabling them to make informed choices, read reviews, and enjoy doorstep delivery with flexible exchange and return policies.
Tech-savvy millennials are engaging with brands through social media and digital platforms, further boosting online sales. Multi-vendor platforms have made product and price comparisons more accessible, making online shopping an attractive proposition.
The Covid-19 pandemic has posed challenges for the body shaper market. Lockdowns have disrupted physical retail outlets, leading to temporary closures of hypermarkets, supermarkets, and multi-brand stores. E-commerce companies have also limited their services to essential goods. Although China is showing signs of recovery, the market is expected to experience reduced sales in the first quarter of 2020.
The global body shaper market is characterized by robust competition, with key players prioritizing product development, frequent launches, and strategic mergers & acquisitions. In 2023, Europe dominated the market, closely followed by North America, primarily driven by the demand for tummy slimmer products.
Celebrities and commercial endorsements continue to boost sales, with South Asia and the Pacific emerging as a significant market. Latin America is poised for substantial growth, projected to exceed a 5% growth rate during the forecast period, while the Middle East & Africa currently holds the smallest share in the global body shaper market.
Industry analysts predict a promising future for the body shaper market, with key manufacturers like PUMA NA, Ann Chery, and Annette International Corporation leading the charge through innovation and new product development. Waist shapers with medium control are currently in focus, but companies can also explore emerging trends such as organic, cotton-based body shapers, especially in developed regions.
As the global body shaper market continues to evolve, consumers can look forward to a wide array of innovative, high-quality products that cater to their diverse needs and preferences.
The body shaper market research report includes a competitive landscape that provides a dashboard view of the key competitors operating in the market. Some of the market players included in this section are Spanx Inc., Jockey International, Inc., Belly Bandit, Wacoal, Nike Inc., Under Armour Inc., PUMA NA, Ann Chery, Annette International Corporation, Corset Story UK, Fajate Diseno de Prada, Hanesbrands Inc., Tolbert Yilmaz Manufacturing, Inc. (EuroSkins), Rago Shapewear, Calzificio Pinelli Srl. (SOLIDEA), Body Hush, Lytess, and others.