South America Lingerie Market Size and Share

South America Lingerie Market (2025 - 2030)
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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.

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.

South America Lingerie Market: Market Share by Product Type
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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.

South America Lingerie Market: Market Share by Material
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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

  1. Victoria's Secret & Co.

  2. CLO intimo

  3. ADOREME.COM

  4. Chantelle

  5. GLOBAL INTIMATES LLC (Leonisa)

  6. *Disclaimer: Major Players sorted in no particular order
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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.

Table of Contents for South America Lingerie Industry Report

1. INTRODUCTION

  • 1.1 Study Assumptions and Market Definition
  • 1.2 Scope of the Study

2. RESEARCH METHODOLOGY

3. EXECUTIVE SUMMARY

4. MARKET LANDSCAPE

  • 4.1 Market Overview
  • 4.2 Market Drivers
    • 4.2.1 Rising Demand for Stylish and Comfortable Lingerie
    • 4.2.2 Innovations in Fabric and Design Technology
    • 4.2.3 Influence of Social Media on Fashion Trends
    • 4.2.4 Rising Focus on Sustainability and Ethical Fashion
    • 4.2.5 Rising Awareness of Fashion and Personal Care
    • 4.2.6 Expansion of E-Commerce and Online Sales
  • 4.3 Market Restraints
    • 4.3.1 High Competition from Unbranded and Low-Cost Imports
    • 4.3.2 Counterfeit Products Affecting Brand Value
    • 4.3.3 Online Shoppers Grapple with Fit-Related Issues
    • 4.3.4 High Operational Costs for Local Manufacturers
  • 4.4 Consumer Behaviour Analysis
  • 4.5 Regulatory Landscape
  • 4.6 Porter’s Five Forces
    • 4.6.1 Threat of New Entrants
    • 4.6.2 Bargaining Power of Buyers
    • 4.6.3 Bargaining Power of Suppliers
    • 4.6.4 Threat of Substitutes
    • 4.6.5 Competitive Rivalry

5. MARKET SIZE AND GROWTH FORECASTS (VALUE)

  • 5.1 By Product Type
    • 5.1.1 Brassiere
    • 5.1.2 Briefs
    • 5.1.3 Other Product Types
  • 5.2 By Price Range
    • 5.2.1 Mass
    • 5.2.2 Premium
  • 5.3 By Material
    • 5.3.1 Cotton
    • 5.3.2 Silk and Satin
    • 5.3.3 Synthetic
    • 5.3.4 Recycled and Bio-based Fibers
  • 5.4 By Distribution Channel
    • 5.4.1 Supermarkets/Hypermarkets
    • 5.4.2 Specialty Stores
    • 5.4.3 Online Retail Stores
    • 5.4.4 Other Distribution Channels
  • 5.5 By Geography
    • 5.5.1 Brazil
    • 5.5.2 Argentina
    • 5.5.3 Colombia
    • 5.5.4 Chile
    • 5.5.5 Peru
    • 5.5.6 Rest of South America

6. COMPETITIVE LANDSCAPE

  • 6.1 Market Concentration
  • 6.2 Strategic Moves
  • 6.3 Market Share Analysis
  • 6.4 Company Profiles (includes Global level Overview, Market level overview, Core Segments, Financials as available, Strategic Information, Market Rank/Share for key companies, Products and Services, and Recent Developments)
    • 6.4.1 Adore Me
    • 6.4.2 Groupe Chantelle
    • 6.4.3 Victoria's Secret & Co.
    • 6.4.4 CLO Intimo
    • 6.4.5 Leonisa S.A.
    • 6.4.6 Sissi Bordeaux
    • 6.4.7 Carmel
    • 6.4.8 Catalogo SAC
    • 6.4.9 AEO Inc.
    • 6.4.10 Lili Pink
    • 6.4.11 PVH Corp.
    • 6.4.12 Triumph International
    • 6.4.13 Hanesbrands Inc.
    • 6.4.14 Jockey International Inc.
    • 6.4.15 H&M Hennes & Mauritz AB
    • 6.4.16 Hunkemöller International B.V.
    • 6.4.17 MAS Holdings
    • 6.4.18 The Gap Inc.
    • 6.4.19 Zivame
    • 6.4.20 Loungerie

7. MARKET OPPORTUNITIES AND FUTURE OUTLOOK

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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).

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
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
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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.

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