Product Code: ETC213548 | Publication Date: May 2022 | Updated Date: Jul 2025 | Product Type: Market Research Report | |
Publisher: 6Wresearch | Author: Dhaval Chaurasia | No. of Pages: 60 | No. of Figures: 40 | No. of Tables: 7 |
Ghana Men`S Underwear market currently, in 2023, has witnessed an HHI of 4861, Which has increased slightly as compared to the HHI of 3524 in 2017. The market is moving towards concentrated. Herfindahl index measures the competitiveness of exporting countries. The range lies from 0 to 10000, where a lower index number represents a larger number of players or exporting countries in the market while a large index number means fewer numbers of players or countries exporting in the market.
The Ghana Men`s Underwear Market is experiencing steady growth driven by an increasing focus on personal grooming and fashion trends among Ghanaian men. The market is characterized by a wide range of products including briefs, boxers, trunks, and boxer briefs offered by both local and international brands. Cotton materials remain popular due to their comfort and breathability in the country`s tropical climate. Key factors influencing consumer preferences include quality, comfort, durability, and price. E-commerce platforms are playing a significant role in expanding market reach and offering convenience to consumers. As disposable income levels rise and fashion consciousness grows, the Ghana Men`s Underwear Market is expected to continue its upward trajectory with potential for new entrants and product innovations to cater to evolving consumer demands.
In the Ghana Men`s Underwear Market, there is a growing demand for more comfortable and high-quality underwear options. Consumers are increasingly looking for breathable fabrics such as cotton and modal, as well as innovative designs that provide better support and flexibility. Eco-friendly and sustainable underwear choices are also gaining popularity among environmentally conscious consumers. Additionally, there is a trend towards more diverse and inclusive sizing options to cater to a wider range of body types. Brands that focus on these trends and offer a combination of comfort, quality, sustainability, and inclusivity are likely to succeed in the Ghanaian men`s underwear market.
The Ghana Men`s Underwear Market faces various challenges, including limited consumer awareness and preferences for international brands over local ones, leading to stiff competition for domestic manufacturers. Additionally, the market is characterized by a lack of consistent quality standards and limited access to raw materials, resulting in higher production costs. Distribution and retail channels are also a challenge, with a lack of specialized stores and limited online presence for local brands. Furthermore, economic factors such as fluctuating exchange rates and disposable income levels impact consumer purchasing power and overall demand for men`s underwear products in Ghana. Overcoming these challenges will require strategic marketing efforts, quality improvement initiatives, and enhanced distribution networks to tap into the market`s potential growth opportunities.
The Ghana Men`s Underwear Market presents attractive investment opportunities due to increasing disposable income, changing fashion trends, and a growing awareness of personal grooming among Ghanaian men. Key areas for investment include premium men`s underwear brands focusing on quality materials and innovative designs to cater to the rising demand for fashionable and comfortable innerwear. Additionally, there is a potential for growth in the online sales of men`s underwear, as e-commerce continues to expand in Ghana. Investing in marketing strategies that target the younger demographic, who are more receptive to new trends and styles, could also be a lucrative opportunity in this market. Overall, the Ghana Men`s Underwear Market offers promising prospects for investors looking to capitalize on the evolving preferences and purchasing power of Ghanaian men.
Government policies related to the Ghana Men`s Underwear Market primarily revolve around import regulations and quality standards. The government of Ghana imposes tariffs and taxes on imported underwear to protect local manufacturers and promote domestic production. Additionally, the Ghana Standards Authority sets quality standards and regulations that underwear products must meet to ensure consumer safety and satisfaction. These policies aim to support the growth of the local underwear industry, create employment opportunities, and maintain product quality in the market. Market players in the Ghana Men`s Underwear Market need to comply with these policies to operate legally and compete effectively in the industry.
The future outlook for the Ghana Men`s Underwear Market appears positive, driven by factors such as increasing disposable incomes, changing consumer preferences towards more comfortable and stylish undergarments, and a growing awareness of personal grooming among men. The market is expected to see a rise in demand for premium and designer brands, as well as a shift towards sustainable and ethically produced underwear. Additionally, the proliferation of e-commerce platforms and the increasing influence of social media are likely to facilitate easier access to a wider range of products for consumers. Overall, the Ghana Men`s Underwear Market is poised for growth and innovation in the coming years, presenting opportunities for both domestic and international brands to capitalize on the evolving preferences of male consumers in the country.
1 Executive Summary |
2 Introduction |
2.1 Key Highlights of the Report |
2.2 Report Description |
2.3 Market Scope & Segmentation |
2.4 Research Methodology |
2.5 Assumptions |
3 Ghana Men's Underwear Market Overview |
3.1 Ghana Country Macro Economic Indicators |
3.2 Ghana Men's Underwear Market Revenues & Volume, 2021 & 2031F |
3.3 Ghana Men's Underwear Market - Industry Life Cycle |
3.4 Ghana Men's Underwear Market - Porter's Five Forces |
3.5 Ghana Men's Underwear Market Revenues & Volume Share, By Material Type, 2021 & 2031F |
3.6 Ghana Men's Underwear Market Revenues & Volume Share, By Category, 2021 & 2031F |
3.7 Ghana Men's Underwear Market Revenues & Volume Share, By Size, 2021 & 2031F |
3.8 Ghana Men's Underwear Market Revenues & Volume Share, By Age Group, 2021 & 2031F |
3.9 Ghana Men's Underwear Market Revenues & Volume Share, By Sales Channel, 2021 & 2031F |
4 Ghana Men's Underwear Market Dynamics |
4.1 Impact Analysis |
4.2 Market Drivers |
4.3 Market Restraints |
5 Ghana Men's Underwear Market Trends |
6 Ghana Men's Underwear Market, By Types |
6.1 Ghana Men's Underwear Market, By Material Type |
6.1.1 Overview and Analysis |
6.1.2 Ghana Men's Underwear Market Revenues & Volume, By Material Type, 2021 - 2031F |
6.1.3 Ghana Men's Underwear Market Revenues & Volume, By Cotton, 2021 - 2031F |
6.1.4 Ghana Men's Underwear Market Revenues & Volume, By Wool, 2021 - 2031F |
6.1.5 Ghana Men's Underwear Market Revenues & Volume, By Silk, 2021 - 2031F |
6.1.6 Ghana Men's Underwear Market Revenues & Volume, By Polyester, 2021 - 2031F |
6.1.7 Ghana Men's Underwear Market Revenues & Volume, By Rayon, 2021 - 2031F |
6.1.8 Ghana Men's Underwear Market Revenues & Volume, By Linen, 2021 - 2031F |
6.1.9 Ghana Men's Underwear Market Revenues & Volume, By Others, 2021 - 2031F |
6.1.10 Ghana Men's Underwear Market Revenues & Volume, By Others, 2021 - 2031F |
6.2 Ghana Men's Underwear Market, By Category |
6.2.1 Overview and Analysis |
6.2.2 Ghana Men's Underwear Market Revenues & Volume, By Regular Brief, 2021 - 2031F |
6.2.3 Ghana Men's Underwear Market Revenues & Volume, By Boxer Brief, 2021 - 2031F |
6.2.4 Ghana Men's Underwear Market Revenues & Volume, By Boxer Shorts, 2021 - 2031F |
6.2.5 Ghana Men's Underwear Market Revenues & Volume, By Trunks, 2021 - 2031F |
6.2.6 Ghana Men's Underwear Market Revenues & Volume, By Thongs, 2021 - 2031F |
6.3 Ghana Men's Underwear Market, By Size |
6.3.1 Overview and Analysis |
6.3.2 Ghana Men's Underwear Market Revenues & Volume, By XS, 2021 - 2031F |
6.3.3 Ghana Men's Underwear Market Revenues & Volume, By S, 2021 - 2031F |
6.3.4 Ghana Men's Underwear Market Revenues & Volume, By M, 2021 - 2031F |
6.3.5 Ghana Men's Underwear Market Revenues & Volume, By L, 2021 - 2031F |
6.3.6 Ghana Men's Underwear Market Revenues & Volume, By XL, 2021 - 2031F |
6.3.7 Ghana Men's Underwear Market Revenues & Volume, By XXL, 2021 - 2031F |
6.4 Ghana Men's Underwear Market, By Age Group |
6.4.1 Overview and Analysis |
6.4.2 Ghana Men's Underwear Market Revenues & Volume, By 15-25, 2021 - 2031F |
6.4.3 Ghana Men's Underwear Market Revenues & Volume, By 26-35, 2021 - 2031F |
6.4.4 Ghana Men's Underwear Market Revenues & Volume, By 46-55, 2021 - 2031F |
6.4.5 Ghana Men's Underwear Market Revenues & Volume, By 56-65, 2021 - 2031F |
6.4.6 Ghana Men's Underwear Market Revenues & Volume, By 65+, 2021 - 2031F |
6.5 Ghana Men's Underwear Market, By Sales Channel |
6.5.1 Overview and Analysis |
6.5.2 Ghana Men's Underwear Market Revenues & Volume, By Wholesalers/ Distributors, 2021 - 2031F |
6.5.3 Ghana Men's Underwear Market Revenues & Volume, By Hypermarkets/ Supermarkets, 2021 - 2031F |
6.5.4 Ghana Men's Underwear Market Revenues & Volume, By Specialty Stores, 2021 - 2031F |
6.5.5 Ghana Men's Underwear Market Revenues & Volume, By Multi-brand Stores, 2021 - 2031F |
6.5.6 Ghana Men's Underwear Market Revenues & Volume, By Online Retailers, 2021 - 2031F |
6.5.7 Ghana Men's Underwear Market Revenues & Volume, By Others, 2021 - 2031F |
7 Ghana Men's Underwear Market Import-Export Trade Statistics |
7.1 Ghana Men's Underwear Market Export to Major Countries |
7.2 Ghana Men's Underwear Market Imports from Major Countries |
8 Ghana Men's Underwear Market Key Performance Indicators |
9 Ghana Men's Underwear Market - Opportunity Assessment |
9.1 Ghana Men's Underwear Market Opportunity Assessment, By Material Type, 2021 & 2031F |
9.2 Ghana Men's Underwear Market Opportunity Assessment, By Category, 2021 & 2031F |
9.3 Ghana Men's Underwear Market Opportunity Assessment, By Size, 2021 & 2031F |
9.4 Ghana Men's Underwear Market Opportunity Assessment, By Age Group, 2021 & 2031F |
9.5 Ghana Men's Underwear Market Opportunity Assessment, By Sales Channel, 2021 & 2031F |
10 Ghana Men's Underwear Market - Competitive Landscape |
10.1 Ghana Men's Underwear Market Revenue Share, By Companies, 2024 |
10.2 Ghana Men's Underwear Market Competitive Benchmarking, By Operating and Technical Parameters |
11 Company Profiles |
12 Recommendations |
13 Disclaimer |