The Singapore market for pantyhose made of non-synthetic fibers experienced growth from 2013, starting at $0.88 per capita, peaking at $1.18 in 2023. The value per capita witnessed a substantial increase from 2021 to 2023, with a year-on-year growth of 2.65% in 2022 and 1.72% in 2023. Over the past five years, the compound annual growth rate (CAGR) was approximately 1.93%, indicating steady growth in consumer preference for these materials.
Future trends to watch include:
- A shift towards sustainability, potentially increasing demand as consumers seek eco-friendly options.
- Innovations in natural fiber technology could further boost market attractiveness.
- The impact of fashion trends emphasizing comfort may also play a role in future market dynamics.