The global loungewear market size is expected to reach US $ 12.79 billion by 2030 from the current market size of US $ 5.70 billion.
According to a recent report released by Reports and Data, the category is expected to register a revenue CAGR of 9.30 per cent over the forecast period.
The consumer desire for casual attire increased the popularity and demand of loungewear category. Increased outdoor activities like gym and yoga, as well as shifting consumer preferences are factors driving revenue growth of the market.
Adding to this, online shopping has made a significant shift in the category as most online retailers educate customers on trends and product information.
