The German underwear market has displayed fluctuating trends over the past decade. In 2023, the market stood at 5.5963 Billion Euros. After peaking in 2015, the market experienced a downward trend until 2020, primarily due to economic and possibly disruptive global events. Recently, it showed a modest recovery in 2021 and 2022 with slight positive year-on-year variations.
Key variations:
- 2022: +1.75%
- 2023: +1.71%
Over the last five years, the CAGR averaged at -1.11%, reflecting a slight contraction trend for the period ending in 2023. However, the forecast from 2024 to 2028 reveals an anticipated gradual growth, with the underwear market size expected to grow at a CAGR of 1.25%, leading to an overall increase of 6.38% by 2028.
Future trends to watch for:
- Sustainable and eco-friendly materials
- Technological advancements in fabric and design
- Shifts towards online retail and personalized fitting services