Top Wear Segment to Dominate South and Central America Maternity Wear Market during 2019–2028
According to The Insight Partners market research study on “South and Central America Maternity Wear Market to 2028 – COVID-19 Impact and Regional Analysis and Forecast by Product Type and Distribution Channel,” is expected to reach US$ 664.80 million by 2028 from US$ 514.81 million in 2021. The market is estimated to grow at a CAGR of 3.7% from 2021 to 2028. Rising fashion consciousness among modern mothers is the major factor driving the growth of the South and Central America maternity wear market. However, fluctuating birth rate may hinder the growth of South and Central America maternity wear market. The report provides trends prevailing in the South and Central America maternity wear market along with the drivers and restraints pertaining to the market growth.
The South and Central America maternity wear market is segmented by product type, distribution channel, and country. Based on product type, the South and Central America maternity wear market is segmented into top wear, bottom wear, dresses and gowns, and innerwear. In 2020, the top wear segment held the largest share South and Central America maternity wear market. Based on distribution channel, the South and Central America maternity wear market is segmented into supermarkets and hypermarkets, specialty stores, online retail, and others. In 2020, the supermarkets and hypermarkets segment held the largest share South and Central America maternity wear market. Similarly, based on country, the market is segmented into Brazil, Argentina, and the rest of South and Central America. The rest of South and Central America contributed a substantial share in 2020.
Boob Design, Brunelli & Co. S.R.L, Gap Inc, H & M Hennes and Maurits, Mothercare, Pinkblush Maternity, and Shaico Design Pvt. Ltd. are among the leading companies in the South and Central America maternity wear market. The companies are focused on adopting organic growth strategies such as product launches and expansions to sustain their position in the dynamic market. For instance, in 2021, Hyper + Boob design collaborates to provide clothes on rent.
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