South America Lingerie Market Analysis by Mordor Intelligence
The South America Lingerie Market size is estimated at USD 5.58 billion in 2025, and is expected to reach USD 8.23 billion by 2030, at a CAGR of 8.08% during the forecast period (2025-2030). This growth trajectory reflects a fundamental shift from traditional retail models toward digitally-native consumption patterns, where premium positioning increasingly commands market premiums over mass-market alternatives. Brazil's economic recovery, coupled with strengthening currencies across Argentina and Colombia, creates favorable conditions for discretionary spending on intimate apparel categories that historically underperformed during inflationary periods. Online retail stores post a 9.38% CAGR to 2030, reshaping cost structures and customer-acquisition economics even though specialty stores continue to hold 45.77% of 2024 revenue. Material innovation led by recycled and bio-based fibers generates the highest 10.64% CAGR, while synthetic fabrics keep a sizeable 43.11% share and anchor the mass-market price tier. The brassiere segment, already at 51.23% share, compounds at 8.92% on the back of fit-technology breakthroughs and cross-category styling that merges athletic, loungewear, and everyday use.
Key Report Takeaways
- By product type, brassieres commanded 51.23% of South America women's lingerie market share in 2024 and are expanding at an 8.92% CAGR through 2030.
- By price range, the mass tier accounted for 72.35% of the South America women's lingerie market size in 2024 and is projected to grow at a 10.55% CAGR to 2030.
- By material, synthetic captured 43.11% of the South America women's lingerie market size in 2024 while Recycled and Bio-based Fibers recording the fastest 10.64% CAGR.
- By distribution channel, specialty stores held 45.77% of South America women's lingerie market share in 2024, whereas online retail stores post a 9.38% CAGR.
- By geography, Brazil generated 61.05% of 2024 sales and is forecast to register an 8.38% CAGR, ahead of the regional average.
South America Lingerie Market Trends and Insights
Drivers Impact Analysis
| Driver | (~) % Impact on CAGR Forecast | Geographic Relevance | Impact Timeline |
|---|---|---|---|
| Rising Demand for Stylish and Comfortable Lingerie | +1.2% | Brazil, Argentina, Colombia core markets | Medium term (2-4 years) |
| Innovations in Fabric and Design Technology | +1.5% | Global, with early adoption in Brazil, Chile | Long term (≥ 4 years) |
| Influence of social media on Fashion Trends | +1.8% | Urban centers across South America | Short term (≤ 2 years) |
| Rising Focus on Sustainability and Ethical Fashion | +1.1% | Brazil, Chile leading, spillover to Argentina | Long term (≥ 4 years) |
| Rising Awareness of Fashion and Personal Care | +0.9% | Metropolitan areas, Brazil and Colombia | Medium term (2-4 years) |
| Expansion of E-Commerce and Online Sales | +2.1% | Regional, strongest in Brazil, Argentina | Short term (≤ 2 years) |
| Source: Mordor Intelligence | |||
Rising Focus on Sustainability and Ethical Fashion
Regulatory frameworks increasingly mandate textile sustainability compliance, with European Union's Extended Producer Responsibility regulations requiring textile waste collection by 2028 creating upstream pressure on South American manufacturers who export to European markets[1]Source: European Commission, "Extended Producer Responsibility regulations", environment.ec.europa.eu. This regulatory cascade forces regional producers to adopt circular economy principles earlier than domestic market demand would otherwise dictate. UNIDO's textile industry development guidelines emphasize sustainable production methods, positioning South American manufacturers to capture premium pricing for environmentally compliant products while avoiding future trade barriers. The shift toward recycled and bio-based fibers reflects not just consumer preference but strategic positioning for long-term market access, as brands anticipate stricter environmental disclosure requirements that could disadvantage conventional synthetic fiber supply chains.
Expansion of E-Commerce and Online Sales
Brazil's e-commerce sector achieved 16% growth in 2024, outpacing global averages and establishing the region as a digital commerce leader [2]Source: Brazilian E-commerce Association, "Brazil's e-commerce" abcomm.org. Fashion e-commerce penetration reached 15-20% in 2024, with forecasts indicating 20-25% penetration by 2025, driven by improved payment infrastructure including Pix instant payments and expanded by-now-pay-later options that reduce purchase friction for higher-ticket lingerie items. Mercado Libre's continued platform expansion across Latin America creates standardized fulfillment capabilities that enable smaller lingerie brands to achieve national distribution without traditional retail partnerships. This infrastructure development particularly benefits premium and specialty segments that require detailed product information and customer education, areas where traditional retail channels historically underperformed due to limited sales associate training and inventory constraints.
Innovations in Fabric and Design Technology
Smart textile integration advances beyond basic moisture-wicking toward embedded health monitoring capabilities, with fiber computers incorporating machine learning algorithms for personalized comfort adjustment. Self-powering fabrics eliminate battery requirements while maintaining connectivity for biometric tracking, addressing consumer concerns about device maintenance and replacement cycles. Freudenberg's Film Bonding series enables sew-free garment construction, reducing manufacturing costs by 15-20% while improving comfort through seamless construction techniques that eliminate pressure points common in traditional stitched garments. These technological advances create competitive moats for manufacturers capable of licensing or developing proprietary fabric technologies, while commodity producers face margin compression from standardized synthetic alternatives.
Influence of Social Media on Fashion Trends
Research demonstrates that influencer credibility drives both trust formation and impulse purchasing behavior, with mega-influencers on Instagram significantly affecting Generation Z purchase intentions across Latin American markets. This influence mechanism operates through aspirational lifestyle positioning rather than direct product endorsement, creating opportunities for lingerie brands to associate with broader wellness and self-care narratives that resonate with target demographics. Social commerce integration within platforms like Instagram and TikTok reduces conversion friction by enabling direct purchasing without platform switching, particularly important for intimate apparel categories where privacy concerns traditionally limited social sharing and discovery. The emergence of micro-influencers has created new opportunities for lingerie brands to target specific market segments with authentic, relatable content that drives higher engagement rates. Additionally, the integration of augmented reality (AR) try-on features within social commerce platforms has helped overcome sizing concerns, a traditional barrier to online lingerie purchases.
Restraints Impact Analysis
| Restraint | (~) % Impact on CAGR Forecast | Geographic Relevance | Impact Timeline |
|---|---|---|---|
| High Competition from Unbranded and Low-Cost Imports | -0.8% | Regional, strongest impact in Peru, Colombia | Short term (≤ 2 years) |
| Counterfeit Products Affecting Brand Value | -0.6% | Brazil counterfeit hotspots, regional spillover | Medium term (2-4 years) |
| Online Shoppers Grapple with Fit-Related Issues | -1.2% | E-commerce channels across all markets | Short term (≤ 2 years) |
| High Operational Costs for Local Manufacturers | -0.9% | Manufacturing centers in Brazil, Colombia | Long term (≥ 4 years) |
| Source: Mordor Intelligence | |||
High Competition from Unbranded and Low-Cost Imports
New U.S. tariff structures impose 10% baseline rates on South American textile imports, creating cost advantages for regional manufacturers while simultaneously increasing pressure from Asian suppliers seeking alternative market access [3]Source: U.S. Trade Representative, "Free Trade Agreements", ustr.gov. This tariff environment benefits established South American producers but intensifies competition from unbranded imports that can absorb margin compression more effectively than branded alternatives requiring marketing investment and quality consistency. Local manufacturers face particular pressure in mass-market segments where price sensitivity limits their ability to differentiate through quality or sustainability credentials, forcing strategic decisions between volume retention and margin preservation. The impact is especially pronounced in countries with weaker currencies, where import costs create additional challenges for domestic producers attempting to maintain market share. These market conditions have led to increased consolidation among local manufacturers, with many seeking economies of scale through mergers and acquisitions to remain competitive.
Online Shoppers Grapple with Fit-Related Issues
Apparel returns average 25-40% across e-commerce channels, with intimate apparel experiencing higher return rates due to fit complexity and sizing inconsistencies between brands according to the National Retail Federation. Virtual fitting room technology and machine learning-based size recommendations can reduce returns by up to 80%, but implementation costs and technical complexity limit adoption among smaller regional brands that lack technology development capabilities. Bracketing behavior, where customers order multiple sizes intending to return excess items, creates operational strain on fulfillment networks while increasing customer acquisition costs through processing and shipping expenses that erode unit economics for direct-to-consumer brands. The environmental impact of these returns is significant, with an estimated 5 billion pounds of returned goods ending up in landfills each year in the United States alone. Additionally, the cost of processing returns can range from 20% to 65% of the original product price, making it a critical challenge for retailers to address through improved sizing technologies and customer education initiatives.
Segment Analysis
By Product Type: Brassieres Command Innovation Premium
The brassiere segment's 51.23% market share in 2024 reflects its position as the category's innovation focal point, where technological advances in fit, comfort, and aesthetics justify premium pricing that drives the segment's 8.92% CAGR through 2030. Victoria's Secret's VSX relaunch in September 2024 exemplifies this innovation focus, introducing performance-oriented designs that bridge athletic and everyday wear categories. Chantelle's SoftStretch Power bralette demonstrates how established European brands leverage advanced elastic materials to create seamless construction that eliminates traditional sizing constraints while maintaining support functionality.
Briefs and other product types face commoditization pressure from fast-fashion retailers and private-label alternatives that compete primarily on price rather than innovation. The briefs segment particularly struggles with differentiation opportunities, as functional requirements limit design flexibility compared to brassieres where engineering advances in support, comfort, and aesthetics create sustainable competitive advantages. Other product types including shapewear and loungewear benefit from lifestyle trend alignment but lack the technical complexity that enables premium positioning, resulting in more modest growth trajectories despite expanding consumer interest in comprehensive intimate apparel wardrobes.
Note: Segment shares of all individual segments available upon report purchase
By Price Range: Premium Segment Captures Sustainability Premium
Premium positioning drives 10.55% CAGR despite mass market segments maintaining 72.35% share in 2024, indicating successful value capture from consumers willing to pay higher prices for enhanced quality, sustainability credentials, and brand prestige. This growth differential reflects income polarization across South American markets, where affluent urban consumers increasingly prioritize product attributes beyond basic functionality while price-sensitive segments remain focused on value optimization. The premium segment's outperformance also benefits from limited competition, as mass market brands struggle to justify higher prices without substantial product differentiation or brand equity investment.
Mass market dominance stems from broad accessibility and established distribution relationships with hypermarkets and department stores that provide high-volume, low-margin business models suitable for price-sensitive consumers. However, this segment faces margin pressure from unbranded imports and private-label alternatives that can undercut branded offerings while providing acceptable quality levels for basic functional requirements. The segment's slower growth trajectory suggests limited expansion opportunities without significant innovation investment or market share gains from premium competitors.
By Material: Recycled Fibers Lead Sustainability Transition
Recycled and bio-based fibers achieve 10.64% CAGR as regulatory pressure and consumer awareness drive adoption despite synthetic materials maintaining 43.11% market share in 2024. This material transition reflects broader textile industry shifts toward circular economy principles, where fiber recycling technology advances enable quality improvements that previously limited recycled content to lower-grade applications. Research into dissolving-grade pulp for regenerated cellulose fibers demonstrates technical pathways for sustainable alternatives that match or exceed conventional fiber performance characteristics.
Synthetic fiber dominance persists due to established supply chains, predictable performance characteristics, and cost advantages that appeal to mass market segments prioritizing affordability over environmental impact. Cotton maintains steady demand from consumers preferring natural fiber comfort and breathability, while silk and satin serve luxury positioning strategies for premium brands. The material landscape increasingly bifurcates between cost-optimized synthetic options and premium sustainable alternatives, with limited middle-ground positioning as consumers either prioritize price or environmental credentials rather than seeking compromise solutions.
Note: Segment shares of all individual segments available upon report purchase
By Distribution Channel: Digital Commerce Reshapes Retail Landscape
Online retail stores capture 9.38% CAGR while specialty stores maintain 45.77% market share in 2024, highlighting the channel transition's gradual nature as intimate apparel purchases require confidence in fit and quality that physical examination traditionally provided. Digital-first brands leverage virtual fitting technology and generous return policies to overcome these barriers, while established specialty retailers invest in omnichannel capabilities that combine online convenience with in-store expertise. Mercado Libre's platform expansion across Latin America standardizes e-commerce infrastructure, enabling smaller brands to achieve national distribution without traditional retail partnerships.
Supermarkets and hypermarkets serve mass market segments through convenient, low-cost distribution that appeals to price-sensitive consumers seeking basic functional products rather than fashion-forward or premium alternatives. These channels benefit from high foot traffic and impulse purchasing opportunities but face limitations in product education and customer service that restrict their effectiveness for higher-value segments. Other distribution channels including direct-to-consumer and subscription models remain niche but demonstrate growth potential for brands capable of building direct customer relationships and leveraging data analytics for personalized product recommendations.
Geography Analysis
Brazil's 61.05% market share in 2024 and 8.38% CAGR through 2030 reflects the market's economic scale and sophisticated retail infrastructure that supports both domestic and international brand expansion. The country's e-commerce leadership, with 16% growth in 2024 and fashion penetration reaching 15-20%, creates favorable conditions for digital-native lingerie brands while established retailers invest in omnichannel capabilities according to the Brazilian E-commerce Association. Pix payment system adoption reduces transaction friction for online purchases, particularly benefiting higher-ticket premium lingerie items that previously faced payment processing barriers. Brazil's urban concentration in São Paulo and Rio de Janeiro provides efficient distribution networks while secondary cities offer expansion opportunities for brands seeking geographic diversification.
Argentina represents the second-largest market despite economic volatility, with regulatory frameworks for hemp-derived and sustainable textile products indicating government support for industry modernization according to the Argentine Ministry of Agriculture. The country's fashion heritage and design capabilities create competitive advantages for local brands capable of combining European aesthetic influences with regional market understanding. Currency fluctuations present both challenges and opportunities, as peso devaluation can improve export competitiveness while creating import cost pressures for brands relying on foreign-sourced materials or components.
Colombia, Chile, and Peru demonstrate higher growth potential despite smaller market sizes, benefiting from economic recovery and expanding middle-class consumer segments with increasing discretionary spending capacity. Colombia's economic overview shows urban concentration and import reliance that creates opportunities for both domestic manufacturers and international brands seeking market entry according to the Colombian National Statistics Department. Chile's sustainability leadership in regulatory frameworks positions the market for early adoption of recycled and bio-based fiber innovations, while Peru's textile manufacturing capabilities provide supply chain advantages for brands seeking regional production alternatives to Asian sourcing. These markets require localized strategies that account for distinct consumer preferences, regulatory environments, and distribution channel effectiveness while leveraging regional trade agreements that facilitate cross-border expansion within South America.
Competitive Landscape
Market concentration indicates moderate fragmentation that enables both multinational brands and regional specialists to capture meaningful positions through differentiated positioning strategies. International players like Victoria's Secret, Triumph International, and Hanesbrands leverage global scale for supply chain efficiency and marketing investment, while regional brands including Leonisa and CLO Intimo capitalize on local market knowledge and cultural alignment that resonates with South American consumers. This competitive structure benefits from channel diversification, where specialty stores provide premium positioning opportunities while mass retailers enable volume-driven strategies for cost-focused segments.
Technology adoption emerges as a key competitive differentiator, with brands investing in virtual fitting solutions, smart textile integration, and data analytics capabilities that enhance customer experience and operational efficiency. Hunkemöller's acquisition by Redwood Capital Management in 2024 demonstrates private equity interest in scaling digital-native intimate apparel brands across multiple markets. Patent filings for seamless construction techniques and sustainable fiber innovations create intellectual property moats that protect premium positioning while commodity producers face margin compression from standardized alternatives. Opportunities exist in sustainable luxury positioning and technology-enabled personalization services that combine premium materials with data-driven fit optimization.
In terms of price range, the market maintains a dual strategy targeting both mass and premium segments. Mass-market products focus on affordability and accessibility, leveraging e-commerce and retail partnerships, whereas premium products emphasize luxury, comfort, and design innovation, often supported by flagship stores and exclusive collections to build brand prestige. Material innovation is central, with cotton dominating for everyday use due to its comfort and breathability, while synthetic fabrics represent the fastest-growing category by offering enhanced performance features like moisture-wicking and stretchability. Sustainable and eco-friendly materials, such as organic cotton and biodegradable fabrics, are increasingly integrated as consumer demand for ethical fashion rises. These strategies collectively enable companies to address diverse consumer needs influenced by economic and cultural differences across South American countries.
South America Lingerie Industry Leaders
-
Victoria's Secret & Co.
-
CLO intimo
-
ADOREME.COM
-
Chantelle
-
GLOBAL INTIMATES LLC (Leonisa)
- *Disclaimer: Major Players sorted in no particular order
Recent Industry Developments
- April 2025: Alto Palermo, one of Buenos Aires' most iconic shopping malls, announced an agreement with global brand Victoria's Secret, which opened its first full-assortment store in Argentina. The store offered a wide selection of products, from classic lingerie to the full Victoria's Secret Beauty line, including fragrances and popular body mists.
- August 2023: B-Corp certified lingerie brand Nudea announced plans to become fully circular by 2030. The lingerie brand stated its path to becoming circular involved four strategies: using materials designed to last, making recycling available for bras at their end-of-life, encouraging buyers to choose quality over quantity, and giving consumers advice on how to care for their underwear to make it last longer.
South America Lingerie Market Report Scope
Lingerie is a category of women's clothing, including shapewear, undergarments, and others. This line of garments for women includes bras, panties, and camisoles, among others. The South American lingerie market is segmented by product type, distribution channel, and geography. By product type, the market is segmented into brassiere, briefs, and other product types. By distribution channel, the market is segmented into supermarkets/hypermarkets, specialty stores, online retail stores, and other distribution channels. It provides an analysis of emerging and established economies across the region, comprising Brazil, Argentina, Columbia, and the rest of South America. For each segment, the market sizing and forecasts have been done on the basis of value (in USD million).
| Brassiere |
| Briefs |
| Other Product Types |
| Mass |
| Premium |
| Cotton |
| Silk and Satin |
| Synthetic |
| Recycled and Bio-based Fibers |
| Supermarkets/Hypermarkets |
| Specialty Stores |
| Online Retail Stores |
| Other Distribution Channels |
| Brazil |
| Argentina |
| Colombia |
| Chile |
| Peru |
| Rest of South America |
| By Product Type | Brassiere |
| Briefs | |
| Other Product Types | |
| By Price Range | Mass |
| Premium | |
| By Material | Cotton |
| Silk and Satin | |
| Synthetic | |
| Recycled and Bio-based Fibers | |
| By Distribution Channel | Supermarkets/Hypermarkets |
| Specialty Stores | |
| Online Retail Stores | |
| Other Distribution Channels | |
| By Geography | Brazil |
| Argentina | |
| Colombia | |
| Chile | |
| Peru | |
| Rest of South America |
Key Questions Answered in the Report
How big is the South America women's lingerie market in 2025?
It is valued at USD 5.58 billion and is projected to reach USD 8.23 billion by 2030 at an 8.08% CAGR.
Which product category holds the largest revenue share?
Brassieres lead with 51.23% of 2024 sales and grow at an 8.92% CAGR, reflecting continual fit and material innovation.
What drives the shift toward premium pricing?
Demand for sustainability, advanced comfort technologies, and personalized fit underpins the 10.55% CAGR of the premium price tier.
Which sales channel is expanding the fastest?
Online retail stores are registering a 9.38% CAGR as virtual fitting tools and friction-free payments boost customer confidence.
Page last updated on: