Product Code: ETC213521 | Publication Date: May 2022 | Updated Date: Feb 2025 | Product Type: Market Research Report | |
Publisher: 6Wresearch | No. of Pages: 60 | No. of Figures: 40 | No. of Tables: 7 | |
Philippines Men`S Underwear market currently, in 2023, has witnessed an HHI of 6447, Which has decreased slightly as compared to the HHI of 6463 in 2017. The market is moving towards Highly 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 men`s underwear market in the Philippines has evolved significantly, reflecting changing fashion preferences and increasing comfort-consciousness among consumers. The market experienced a CAGR of approximately 6%. This growth is likely to persist, with a projected CAGR of 7%, driven by factors such as innovative designs, premiumization, and rising disposable income.
The men`s underwear market in the Philippines is experiencing growth due to changing fashion attitudes, increasing disposable income among men, and evolving perceptions of comfort and style. With a shift towards more fashion-forward and comfortable options, manufacturers are offering a variety of designs and fabrics in men`s underwear. This evolving market landscape is contributing to the expansion of the men`s underwear segment.
The men`s underwear market in the Philippines is witnessing growth due to increasing awareness about personal grooming and changing fashion preferences. However, the market is not without challenges. Intense competition among local and international brands is pressuring manufacturers to offer innovative designs and materials while maintaining affordability. Counterfeit products and brand imitation pose a threat to genuine businesses. Furthermore, shifting consumer demands towards sustainable and ethically produced products are pushing companies to adopt more environmentally friendly practices, which can require significant investments and adjustments in supply chain processes.
The men`s underwear market in the Philippines faced challenges during the COVID-19 pandemic. With more people working from home and prioritizing comfort, there was a shift in demand towards more casual and loungewear styles. Traditional preferences for branded or high-end underwear were somewhat affected as consumers gravitated towards more affordable options. Online platforms and e-commerce gained prominence as the primary means of purchasing men`s underwear. As the pandemic subsides and workplaces resume normal operations, the market is likely to see a resurgence in demand for a broader range of styles to cater to both comfort and style.
In the Philippines men`s underwear market, notable players include local brands like Bench Body and Penshoppe, along with international brands like Calvin Klein and Hanes. These companies provide a range of underwear styles, from basic essentials to more fashionable designs. The market is influenced by factors such as comfort, style, and fabric quality, with consumers seeking both functional and stylish options.
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 Philippines Men's Underwear Market Overview |
3.1 Philippines Country Macro Economic Indicators |
3.2 Philippines Men's Underwear Market Revenues & Volume, 2021 & 2031F |
3.3 Philippines Men's Underwear Market - Industry Life Cycle |
3.4 Philippines Men's Underwear Market - Porter's Five Forces |
3.5 Philippines Men's Underwear Market Revenues & Volume Share, By By Material Type, 2021 & 2031F |
3.6 Philippines Men's Underwear Market Revenues & Volume Share, By By Category, 2021 & 2031F |
3.7 Philippines Men's Underwear Market Revenues & Volume Share, By By Size, 2021 & 2031F |
3.8 Philippines Men's Underwear Market Revenues & Volume Share, By By Age Group, 2021 & 2031F |
3.9 Philippines Men's Underwear Market Revenues & Volume Share, By By Sales Channel, 2021 & 2031F |
4 Philippines Men's Underwear Market Dynamics |
4.1 Impact Analysis |
4.2 Market Drivers |
4.3 Market Restraints |
5 Philippines Men's Underwear Market Trends |
6 Philippines Men's Underwear Market, By Types |
6.1 Philippines Men's Underwear Market, By By Material Type |
6.1.1 Overview and Analysis |
6.1.2 Philippines Men's Underwear Market Revenues & Volume, By By Material Type, 2021-2031F |
6.1.3 Philippines Men's Underwear Market Revenues & Volume, By Cotton, 2021-2031F |
6.1.4 Philippines Men's Underwear Market Revenues & Volume, By Wool, 2021-2031F |
6.1.5 Philippines Men's Underwear Market Revenues & Volume, By Silk, 2021-2031F |
6.1.6 Philippines Men's Underwear Market Revenues & Volume, By Polyester, 2021-2031F |
6.1.7 Philippines Men's Underwear Market Revenues & Volume, By Rayon, 2021-2031F |
6.1.8 Philippines Men's Underwear Market Revenues & Volume, By Linen, 2021-2031F |
6.1.9 Philippines Men's Underwear Market Revenues & Volume, By Others, 2021-2031F |
6.1.10 Philippines Men's Underwear Market Revenues & Volume, By Others, 2021-2031F |
6.2 Philippines Men's Underwear Market, By By Category |
6.2.1 Overview and Analysis |
6.2.2 Philippines Men's Underwear Market Revenues & Volume, By Regular Brief, 2021-2031F |
6.2.3 Philippines Men's Underwear Market Revenues & Volume, By Boxer Brief, 2021-2031F |
6.2.4 Philippines Men's Underwear Market Revenues & Volume, By Boxer Shorts, 2021-2031F |
6.2.5 Philippines Men's Underwear Market Revenues & Volume, By Trunks, 2021-2031F |
6.2.6 Philippines Men's Underwear Market Revenues & Volume, By Thongs, 2021-2031F |
6.3 Philippines Men's Underwear Market, By By Size |
6.3.1 Overview and Analysis |
6.3.2 Philippines Men's Underwear Market Revenues & Volume, By XS, 2021-2031F |
6.3.3 Philippines Men's Underwear Market Revenues & Volume, By S, 2021-2031F |
6.3.4 Philippines Men's Underwear Market Revenues & Volume, By M, 2021-2031F |
6.3.5 Philippines Men's Underwear Market Revenues & Volume, By L, 2021-2031F |
6.3.6 Philippines Men's Underwear Market Revenues & Volume, By XL, 2021-2031F |
6.3.7 Philippines Men's Underwear Market Revenues & Volume, By XXL, 2021-2031F |
6.4 Philippines Men's Underwear Market, By By Age Group |
6.4.1 Overview and Analysis |
6.4.2 Philippines Men's Underwear Market Revenues & Volume, By 15-25, 2021-2031F |
6.4.3 Philippines Men's Underwear Market Revenues & Volume, By 26-35, 2021-2031F |
6.4.4 Philippines Men's Underwear Market Revenues & Volume, By 46-55, 2021-2031F |
6.4.5 Philippines Men's Underwear Market Revenues & Volume, By 56-65, 2021-2031F |
6.4.6 Philippines Men's Underwear Market Revenues & Volume, By 65+, 2021-2031F |
6.5 Philippines Men's Underwear Market, By By Sales Channel |
6.5.1 Overview and Analysis |
6.5.2 Philippines Men's Underwear Market Revenues & Volume, By Wholesalers/ Distributors, 2021-2031F |
6.5.3 Philippines Men's Underwear Market Revenues & Volume, By Hypermarkets/ Supermarkets, 2021-2031F |
6.5.4 Philippines Men's Underwear Market Revenues & Volume, By Specialty Stores, 2021-2031F |
6.5.5 Philippines Men's Underwear Market Revenues & Volume, By Multi-brand Stores, 2021-2031F |
6.5.6 Philippines Men's Underwear Market Revenues & Volume, By Online Retailers, 2021-2031F |
6.5.7 Philippines Men's Underwear Market Revenues & Volume, By Others, 2021-2031F |
7 Philippines Men's Underwear Market Import-Export Trade Statistics |
7.1 Philippines Men's Underwear Market Export to Major Countries |
7.2 Philippines Men's Underwear Market Imports from Major Countries |
8 Philippines Men's Underwear Market Key Performance Indicators |
9 Philippines Men's Underwear Market - Opportunity Assessment |
9.1 Philippines Men's Underwear Market Opportunity Assessment, By By Material Type, 2021 & 2031F |
9.2 Philippines Men's Underwear Market Opportunity Assessment, By By Category, 2021 & 2031F |
9.3 Philippines Men's Underwear Market Opportunity Assessment, By By Size, 2021 & 2031F |
9.4 Philippines Men's Underwear Market Opportunity Assessment, By By Age Group, 2021 & 2031F |
9.5 Philippines Men's Underwear Market Opportunity Assessment, By By Sales Channel, 2021 & 2031F |
10 Philippines Men's Underwear Market - Competitive Landscape |
10.1 Philippines Men's Underwear Market Revenue Share, By Companies, 2024 |
10.2 Philippines Men's Underwear Market Competitive Benchmarking, By Operating and Technical Parameters |
11 Company Profiles |
12 Recommendations |
13 Disclaimer |