The global swimwear market is expected to grow from US $ 19.80 billion in 2021 to US $ 21.04 billion by 2022 end, noting a compound annual growth rate (CAGR) of 6.29 per cent.
The report was recently published by The Business Research Company wherein the market size and growth potential were highlighted.
The report further reveals that the swimwear market is projected to reach US $ 26.86 billion in 2026.
Though the market is seeing decent growth in the swimwear category, the Russia-Ukraine war disrupted the chances of global economic recovery from the Covid-19 pandemic, thus causing an unexpected slowdown in swimwear category too, at least in the short term, mentions the report, while revival is on the cards.
Growing consumer inclination towards beach and water activities is expected to propel the growth of the swimwear market. According to a study published in Trends in Outdoor Swimming Report, the participation in outdoor swimming across the UK increased by 1.5 and 3 times between 2019 and 2020.
“Overall, there has been an upsurge in outdoor swimming owing to health and recreational benefits, and equally contributing to the growth of the swimwear market,” states the report.
Asia-Pacific was the largest region of the swimwear market in 2021, while other important markets are Western Europe, Eastern Europe, North America, South America, Middle East and Africa.
