Key Insights
The Asia-Pacific lingerie market, currently valued at approximately $XX million (estimated based on provided CAGR and market size data, precise value needs original data), is projected to experience robust growth, exhibiting a Compound Annual Growth Rate (CAGR) of 9.90% from 2025 to 2033. This expansion is fueled by several key drivers. Rising disposable incomes across the region, particularly in burgeoning economies like India and China, are empowering consumers to spend more on premium lingerie and intimate apparel. Further boosting the market is a growing awareness of body positivity and comfort, leading to increased demand for diverse product offerings, including innovative fabrics and designs catering to various body types. The rise of e-commerce and online retail channels provides convenient access to a wider range of lingerie brands and styles, contributing significantly to market expansion. However, the market faces certain restraints. Fluctuations in raw material prices and intense competition among established and emerging brands can impact profitability. Cultural and religious norms in some parts of the region may also influence demand, presenting both opportunities and challenges for brands seeking to navigate diverse market segments. Segment-wise, the brassiere segment is the largest and expected to retain its dominance, followed by briefs and other product types. Online retail stores are expected to show significant growth, surpassing traditional channels like supermarkets and specialty stores in the coming years.
Geographical segmentation reveals China, Japan, and India as major contributors to the Asia-Pacific lingerie market's overall value. China's considerable population and growing fashion-conscious consumer base contribute significantly to its market share. Japan's well-established lingerie industry and high consumer spending power continue to drive substantial market growth. India represents a substantial and rapidly expanding market driven by a youthful population and increasing purchasing power. Other countries in the region, such as Australia and South Korea, also contribute to the overall market's strength. Key players in this dynamic market, including Hop Lun (Hong Kong) Limited, Hanesbrands Inc., Aimer Group, Triumph International, and Jockey International Inc., are constantly innovating to cater to evolving consumer preferences and leverage emerging trends, driving further competition and market expansion. The future of the Asia-Pacific lingerie market appears bright, with continuous growth driven by a confluence of economic, cultural, and technological factors.
This dynamic report provides a comprehensive analysis of the Asia-Pacific lingerie market, offering invaluable insights for industry stakeholders. Covering the period from 2019 to 2033, with a focus on 2025, this study delves into market size, segmentation, competitive dynamics, and future growth potential. Leveraging extensive data and expert analysis, it's an indispensable resource for businesses seeking to navigate and capitalize on opportunities within this lucrative market.

Asia-Pacific Lingerie Market Market Structure & Competitive Landscape
The Asia-Pacific lingerie market exhibits a moderately concentrated structure, with a few dominant players and numerous smaller regional brands. The Herfindahl-Hirschman Index (HHI) for 2024 is estimated at xx, indicating a moderately competitive landscape. Key innovation drivers include sustainable materials, technological advancements in design and manufacturing, and increasing consumer demand for comfort and personalization. Regulatory impacts, such as labeling and safety standards, vary across countries. Product substitutes, such as shapewear and athleisure apparel, pose a competitive threat. The market is segmented by end-user demographics (age, income, lifestyle), with substantial growth expected in the younger demographic. M&A activity has been moderate in recent years, with approximately xx transactions recorded between 2019 and 2024, primarily focused on expanding market reach and product portfolios.
- Market Concentration: Moderately concentrated (HHI: xx in 2024)
- Innovation Drivers: Sustainable materials, technological advancements, personalized comfort
- Regulatory Impacts: Varying labeling and safety standards across countries
- Product Substitutes: Shapewear, athleisure apparel
- End-User Segmentation: Age, income, lifestyle
- M&A Activity: xx transactions (2019-2024), focused on expansion and diversification
Asia-Pacific Lingerie Market Market Trends & Opportunities
The Asia-Pacific lingerie market is experiencing robust growth, driven by several key factors. The market size is projected to reach xx Million by 2025, exhibiting a Compound Annual Growth Rate (CAGR) of xx% during the forecast period (2025-2033). This expansion is fueled by rising disposable incomes, increasing awareness of body positivity and self-care, and the growing adoption of online retail channels. Technological advancements, such as 3D body scanning and personalized fitting technologies, are transforming the shopping experience and enhancing product design. Consumer preferences are shifting towards comfort, functionality, and sustainable products. Competitive dynamics are characterized by increasing brand competition, product differentiation, and a focus on omnichannel strategies. Market penetration rates are particularly high in urban areas and among younger demographics. The increasing adoption of e-commerce platforms is driving the growth of online retail channels, whereas traditional channels like department stores continue to play an important role.

Dominant Markets & Segments in Asia-Pacific Lingerie Market
The Asia-Pacific lingerie market is dominated by China, followed by Japan and India. These countries exhibit high population density, rising disposable incomes, and increasing demand for diverse lingerie products.
By Country:
- China: Largest market, driven by rising disposable incomes and urbanization.
- Japan: Mature market with a focus on high-quality and innovative products.
- India: High-growth potential due to increasing youth population and changing fashion trends.
- Australia: Relatively smaller market, but characterized by high per capita spending.
- Rest of Asia-Pacific: Diverse markets with varying levels of development.
By Product Type:
- Brassiere: Largest segment, driven by high demand across all age groups.
- Briefs: Significant segment, with growth fueled by increasing awareness of comfort and hygiene.
- Other Product Types: Growing segment encompassing shapewear, sleepwear, and other related products.
By Distribution Channel:
- Online Retail Stores: Fastest-growing segment, driven by increasing e-commerce penetration.
- Specialty Stores: Significant segment, catering to specific customer needs and preferences.
- Supermarkets/Hypermarkets: Established segment, offering convenience and accessibility.
Growth Drivers:
- Rising Disposable Incomes: Increased purchasing power in major economies.
- Changing Fashion Trends: Growing adoption of diverse styles and designs.
- Technological Advancements: Improved product design, manufacturing processes, and shopping experience.
- E-commerce Growth: Increased accessibility and convenience of online shopping.
- Body Positivity Movement: Increased focus on comfort, self-acceptance and inclusive designs.
Asia-Pacific Lingerie Market Product Analysis
Product innovation in the Asia-Pacific lingerie market is characterized by a focus on comfort, functionality, and sustainability. Technological advancements, such as the use of advanced fabrics and seamless construction techniques, are leading to the development of more comfortable and better-fitting lingerie. Products are increasingly incorporating smart features, such as embedded sensors and personalized fitting technologies. This drive towards innovation aims to cater to diverse customer needs and preferences, creating a competitive advantage for brands that embrace technological advancement and market trends effectively.
Key Drivers, Barriers & Challenges in Asia-Pacific Lingerie Market
Key Drivers:
Rising disposable incomes, increasing awareness of body positivity and self-care, the growing adoption of online retail channels and technological advancements in product design and manufacturing are driving the market growth. Government initiatives promoting domestic manufacturing and favorable regulatory environments in some countries further contribute to the expansion.
Challenges and Restraints:
Significant challenges include intense competition, fluctuations in raw material prices, and varying consumer preferences across different markets. Supply chain disruptions caused by geopolitical events can affect production and distribution. Furthermore, stringent regulatory compliance requirements can pose hurdles for businesses. These factors, along with counterfeiting and the impact of economic downturns, can impact market growth. The estimated impact of these challenges on market growth is projected at xx% in 2025.
Growth Drivers in the Asia-Pacific Lingerie Market Market
The Asia-Pacific lingerie market's growth is propelled by rising disposable incomes, particularly in emerging economies, fueling demand for higher-quality and diverse products. The increasing adoption of online retail, driven by improved internet penetration and smartphone usage, provides broader access to a wider range of products. Furthermore, evolving fashion trends and greater consumer awareness of comfort, health, and body positivity contribute significantly to market expansion.
Challenges Impacting Asia-Pacific Lingerie Market Growth
Significant challenges hindering market growth include intense competition from established and emerging players leading to price wars and reducing profit margins. Supply chain vulnerabilities, particularly concerning raw material sourcing and logistics, can disrupt production and distribution. Stringent regulatory compliance concerning labeling, safety, and sustainability adds complexities to operations. Economic fluctuations in key markets influence consumer spending, impacting demand.
Key Players Shaping the Asia-Pacific Lingerie Market Market
- Hop Lun (Hong Kong) Limited
- Hanesbrands Inc
- Aimer Group
- Triumph International
- Jockey International Inc
- Victoria's Secret & Co
- MAS Holdings
- Wacoal Holdings corp
- Berkshire Hathaway
- Zivame
Significant Asia-Pacific Lingerie Market Industry Milestones
- May 2022: American Eagle Outfitters expands retail presence in India, planning 50 new stores in three years.
- April 2022: Wacoal launches new Spring/Summer collection in Japan.
- February 2022: Caely Holdings Bhd announces a joint venture in Indonesia to boost production capacity.
Future Outlook for Asia-Pacific Lingerie Market Market
The Asia-Pacific lingerie market is poised for continued growth, driven by sustained economic development, evolving consumer preferences, and technological innovations. Strategic opportunities exist for businesses focused on sustainable and ethically sourced products, personalized fitting solutions, and omnichannel distribution strategies. The market's potential is substantial, presenting significant opportunities for both established and emerging players. The market is expected to witness a sustained period of growth, propelled by the factors mentioned above and further enhanced by technological advancements and evolving consumer trends.
Asia-Pacific Lingerie Market Segmentation
-
1. Product Type
- 1.1. Brassiere
- 1.2. Briefs
- 1.3. Other Product Types
-
2. Distribution Channel
- 2.1. Supermarkets/Hypermarkets
- 2.2. Specialty Stores
- 2.3. Online Retail Stores
- 2.4. Other Distribution Channels
Asia-Pacific Lingerie Market Segmentation By Geography
-
1. Asia Pacific
- 1.1. China
- 1.2. Japan
- 1.3. South Korea
- 1.4. India
- 1.5. Australia
- 1.6. New Zealand
- 1.7. Indonesia
- 1.8. Malaysia
- 1.9. Singapore
- 1.10. Thailand
- 1.11. Vietnam
- 1.12. Philippines

Asia-Pacific Lingerie Market REPORT HIGHLIGHTS
Aspects | Details |
---|---|
Study Period | 2019-2033 |
Base Year | 2024 |
Estimated Year | 2025 |
Forecast Period | 2025-2033 |
Historical Period | 2019-2024 |
Growth Rate | CAGR of 9.90% from 2019-2033 |
Segmentation |
|
Table of Contents
- 1. Introduction
- 1.1. Research Scope
- 1.2. Market Segmentation
- 1.3. Research Methodology
- 1.4. Definitions and Assumptions
- 2. Executive Summary
- 2.1. Introduction
- 3. Market Dynamics
- 3.1. Introduction
- 3.2. Market Drivers
- 3.2.1. Demand for Smartwatches; Popularity of Luxury Watches
- 3.3. Market Restrains
- 3.3.1. Presence of Fake Brands in the Market
- 3.4. Market Trends
- 3.4.1. Inclination Towards Healthy Lifestyle Trends and Athleisure
- 4. Market Factor Analysis
- 4.1. Porters Five Forces
- 4.2. Supply/Value Chain
- 4.3. PESTEL analysis
- 4.4. Market Entropy
- 4.5. Patent/Trademark Analysis
- 5. Asia-Pacific Lingerie Market Analysis, Insights and Forecast, 2019-2031
- 5.1. Market Analysis, Insights and Forecast - by Product Type
- 5.1.1. Brassiere
- 5.1.2. Briefs
- 5.1.3. Other Product Types
- 5.2. Market Analysis, Insights and Forecast - by Distribution Channel
- 5.2.1. Supermarkets/Hypermarkets
- 5.2.2. Specialty Stores
- 5.2.3. Online Retail Stores
- 5.2.4. Other Distribution Channels
- 5.3. Market Analysis, Insights and Forecast - by Region
- 5.3.1. Asia Pacific
- 5.1. Market Analysis, Insights and Forecast - by Product Type
- 6. China Asia-Pacific Lingerie Market Analysis, Insights and Forecast, 2019-2031
- 7. Japan Asia-Pacific Lingerie Market Analysis, Insights and Forecast, 2019-2031
- 8. India Asia-Pacific Lingerie Market Analysis, Insights and Forecast, 2019-2031
- 9. South Korea Asia-Pacific Lingerie Market Analysis, Insights and Forecast, 2019-2031
- 10. Taiwan Asia-Pacific Lingerie Market Analysis, Insights and Forecast, 2019-2031
- 11. Australia Asia-Pacific Lingerie Market Analysis, Insights and Forecast, 2019-2031
- 12. Rest of Asia-Pacific Asia-Pacific Lingerie Market Analysis, Insights and Forecast, 2019-2031
- 13. Competitive Analysis
- 13.1. Market Share Analysis 2024
- 13.2. Company Profiles
- 13.2.1 Hop Lun (Hong Kong) Limited
- 13.2.1.1. Overview
- 13.2.1.2. Products
- 13.2.1.3. SWOT Analysis
- 13.2.1.4. Recent Developments
- 13.2.1.5. Financials (Based on Availability)
- 13.2.2 Hanesbrands Inc
- 13.2.2.1. Overview
- 13.2.2.2. Products
- 13.2.2.3. SWOT Analysis
- 13.2.2.4. Recent Developments
- 13.2.2.5. Financials (Based on Availability)
- 13.2.3 Aimer Group
- 13.2.3.1. Overview
- 13.2.3.2. Products
- 13.2.3.3. SWOT Analysis
- 13.2.3.4. Recent Developments
- 13.2.3.5. Financials (Based on Availability)
- 13.2.4 Triumph International
- 13.2.4.1. Overview
- 13.2.4.2. Products
- 13.2.4.3. SWOT Analysis
- 13.2.4.4. Recent Developments
- 13.2.4.5. Financials (Based on Availability)
- 13.2.5 Jockey International Inc
- 13.2.5.1. Overview
- 13.2.5.2. Products
- 13.2.5.3. SWOT Analysis
- 13.2.5.4. Recent Developments
- 13.2.5.5. Financials (Based on Availability)
- 13.2.6 Victoria's Secret & Co
- 13.2.6.1. Overview
- 13.2.6.2. Products
- 13.2.6.3. SWOT Analysis
- 13.2.6.4. Recent Developments
- 13.2.6.5. Financials (Based on Availability)
- 13.2.7 MAS Holdings
- 13.2.7.1. Overview
- 13.2.7.2. Products
- 13.2.7.3. SWOT Analysis
- 13.2.7.4. Recent Developments
- 13.2.7.5. Financials (Based on Availability)
- 13.2.8 Wacoal Holdings corp *List Not Exhaustive
- 13.2.8.1. Overview
- 13.2.8.2. Products
- 13.2.8.3. SWOT Analysis
- 13.2.8.4. Recent Developments
- 13.2.8.5. Financials (Based on Availability)
- 13.2.9 Berkshire Hathaway
- 13.2.9.1. Overview
- 13.2.9.2. Products
- 13.2.9.3. SWOT Analysis
- 13.2.9.4. Recent Developments
- 13.2.9.5. Financials (Based on Availability)
- 13.2.10 Zivame
- 13.2.10.1. Overview
- 13.2.10.2. Products
- 13.2.10.3. SWOT Analysis
- 13.2.10.4. Recent Developments
- 13.2.10.5. Financials (Based on Availability)
- 13.2.1 Hop Lun (Hong Kong) Limited
List of Figures
- Figure 1: Asia-Pacific Lingerie Market Revenue Breakdown (Million, %) by Product 2024 & 2032
- Figure 2: Asia-Pacific Lingerie Market Share (%) by Company 2024
List of Tables
- Table 1: Asia-Pacific Lingerie Market Revenue Million Forecast, by Region 2019 & 2032
- Table 2: Asia-Pacific Lingerie Market Volume K Units Forecast, by Region 2019 & 2032
- Table 3: Asia-Pacific Lingerie Market Revenue Million Forecast, by Product Type 2019 & 2032
- Table 4: Asia-Pacific Lingerie Market Volume K Units Forecast, by Product Type 2019 & 2032
- Table 5: Asia-Pacific Lingerie Market Revenue Million Forecast, by Distribution Channel 2019 & 2032
- Table 6: Asia-Pacific Lingerie Market Volume K Units Forecast, by Distribution Channel 2019 & 2032
- Table 7: Asia-Pacific Lingerie Market Revenue Million Forecast, by Region 2019 & 2032
- Table 8: Asia-Pacific Lingerie Market Volume K Units Forecast, by Region 2019 & 2032
- Table 9: Asia-Pacific Lingerie Market Revenue Million Forecast, by Country 2019 & 2032
- Table 10: Asia-Pacific Lingerie Market Volume K Units Forecast, by Country 2019 & 2032
- Table 11: China Asia-Pacific Lingerie Market Revenue (Million) Forecast, by Application 2019 & 2032
- Table 12: China Asia-Pacific Lingerie Market Volume (K Units ) Forecast, by Application 2019 & 2032
- Table 13: Japan Asia-Pacific Lingerie Market Revenue (Million) Forecast, by Application 2019 & 2032
- Table 14: Japan Asia-Pacific Lingerie Market Volume (K Units ) Forecast, by Application 2019 & 2032
- Table 15: India Asia-Pacific Lingerie Market Revenue (Million) Forecast, by Application 2019 & 2032
- Table 16: India Asia-Pacific Lingerie Market Volume (K Units ) Forecast, by Application 2019 & 2032
- Table 17: South Korea Asia-Pacific Lingerie Market Revenue (Million) Forecast, by Application 2019 & 2032
- Table 18: South Korea Asia-Pacific Lingerie Market Volume (K Units ) Forecast, by Application 2019 & 2032
- Table 19: Taiwan Asia-Pacific Lingerie Market Revenue (Million) Forecast, by Application 2019 & 2032
- Table 20: Taiwan Asia-Pacific Lingerie Market Volume (K Units ) Forecast, by Application 2019 & 2032
- Table 21: Australia Asia-Pacific Lingerie Market Revenue (Million) Forecast, by Application 2019 & 2032
- Table 22: Australia Asia-Pacific Lingerie Market Volume (K Units ) Forecast, by Application 2019 & 2032
- Table 23: Rest of Asia-Pacific Asia-Pacific Lingerie Market Revenue (Million) Forecast, by Application 2019 & 2032
- Table 24: Rest of Asia-Pacific Asia-Pacific Lingerie Market Volume (K Units ) Forecast, by Application 2019 & 2032
- Table 25: Asia-Pacific Lingerie Market Revenue Million Forecast, by Product Type 2019 & 2032
- Table 26: Asia-Pacific Lingerie Market Volume K Units Forecast, by Product Type 2019 & 2032
- Table 27: Asia-Pacific Lingerie Market Revenue Million Forecast, by Distribution Channel 2019 & 2032
- Table 28: Asia-Pacific Lingerie Market Volume K Units Forecast, by Distribution Channel 2019 & 2032
- Table 29: Asia-Pacific Lingerie Market Revenue Million Forecast, by Country 2019 & 2032
- Table 30: Asia-Pacific Lingerie Market Volume K Units Forecast, by Country 2019 & 2032
- Table 31: China Asia-Pacific Lingerie Market Revenue (Million) Forecast, by Application 2019 & 2032
- Table 32: China Asia-Pacific Lingerie Market Volume (K Units ) Forecast, by Application 2019 & 2032
- Table 33: Japan Asia-Pacific Lingerie Market Revenue (Million) Forecast, by Application 2019 & 2032
- Table 34: Japan Asia-Pacific Lingerie Market Volume (K Units ) Forecast, by Application 2019 & 2032
- Table 35: South Korea Asia-Pacific Lingerie Market Revenue (Million) Forecast, by Application 2019 & 2032
- Table 36: South Korea Asia-Pacific Lingerie Market Volume (K Units ) Forecast, by Application 2019 & 2032
- Table 37: India Asia-Pacific Lingerie Market Revenue (Million) Forecast, by Application 2019 & 2032
- Table 38: India Asia-Pacific Lingerie Market Volume (K Units ) Forecast, by Application 2019 & 2032
- Table 39: Australia Asia-Pacific Lingerie Market Revenue (Million) Forecast, by Application 2019 & 2032
- Table 40: Australia Asia-Pacific Lingerie Market Volume (K Units ) Forecast, by Application 2019 & 2032
- Table 41: New Zealand Asia-Pacific Lingerie Market Revenue (Million) Forecast, by Application 2019 & 2032
- Table 42: New Zealand Asia-Pacific Lingerie Market Volume (K Units ) Forecast, by Application 2019 & 2032
- Table 43: Indonesia Asia-Pacific Lingerie Market Revenue (Million) Forecast, by Application 2019 & 2032
- Table 44: Indonesia Asia-Pacific Lingerie Market Volume (K Units ) Forecast, by Application 2019 & 2032
- Table 45: Malaysia Asia-Pacific Lingerie Market Revenue (Million) Forecast, by Application 2019 & 2032
- Table 46: Malaysia Asia-Pacific Lingerie Market Volume (K Units ) Forecast, by Application 2019 & 2032
- Table 47: Singapore Asia-Pacific Lingerie Market Revenue (Million) Forecast, by Application 2019 & 2032
- Table 48: Singapore Asia-Pacific Lingerie Market Volume (K Units ) Forecast, by Application 2019 & 2032
- Table 49: Thailand Asia-Pacific Lingerie Market Revenue (Million) Forecast, by Application 2019 & 2032
- Table 50: Thailand Asia-Pacific Lingerie Market Volume (K Units ) Forecast, by Application 2019 & 2032
- Table 51: Vietnam Asia-Pacific Lingerie Market Revenue (Million) Forecast, by Application 2019 & 2032
- Table 52: Vietnam Asia-Pacific Lingerie Market Volume (K Units ) Forecast, by Application 2019 & 2032
- Table 53: Philippines Asia-Pacific Lingerie Market Revenue (Million) Forecast, by Application 2019 & 2032
- Table 54: Philippines Asia-Pacific Lingerie Market Volume (K Units ) Forecast, by Application 2019 & 2032
Frequently Asked Questions
1. What is the projected Compound Annual Growth Rate (CAGR) of the Asia-Pacific Lingerie Market?
The projected CAGR is approximately 9.90%.
2. Which companies are prominent players in the Asia-Pacific Lingerie Market?
Key companies in the market include Hop Lun (Hong Kong) Limited, Hanesbrands Inc, Aimer Group, Triumph International, Jockey International Inc, Victoria's Secret & Co, MAS Holdings, Wacoal Holdings corp *List Not Exhaustive, Berkshire Hathaway, Zivame.
3. What are the main segments of the Asia-Pacific Lingerie Market?
The market segments include Product Type, Distribution Channel.
4. Can you provide details about the market size?
The market size is estimated to be USD XX Million as of 2022.
5. What are some drivers contributing to market growth?
Demand for Smartwatches; Popularity of Luxury Watches.
6. What are the notable trends driving market growth?
Inclination Towards Healthy Lifestyle Trends and Athleisure.
7. Are there any restraints impacting market growth?
Presence of Fake Brands in the Market.
8. Can you provide examples of recent developments in the market?
In May 2022, American Eagle Outfitters, Inc. announced the expansion of its retail presence in India through franchisees. The company aims to add another 50 stores in India over the next three years.
9. What pricing options are available for accessing the report?
Pricing options include single-user, multi-user, and enterprise licenses priced at USD 4750, USD 4950, and USD 6800 respectively.
10. Is the market size provided in terms of value or volume?
The market size is provided in terms of value, measured in Million and volume, measured in K Units .
11. Are there any specific market keywords associated with the report?
Yes, the market keyword associated with the report is "Asia-Pacific Lingerie Market," which aids in identifying and referencing the specific market segment covered.
12. How do I determine which pricing option suits my needs best?
The pricing options vary based on user requirements and access needs. Individual users may opt for single-user licenses, while businesses requiring broader access may choose multi-user or enterprise licenses for cost-effective access to the report.
13. Are there any additional resources or data provided in the Asia-Pacific Lingerie Market report?
While the report offers comprehensive insights, it's advisable to review the specific contents or supplementary materials provided to ascertain if additional resources or data are available.
14. How can I stay updated on further developments or reports in the Asia-Pacific Lingerie Market?
To stay informed about further developments, trends, and reports in the Asia-Pacific Lingerie Market, consider subscribing to industry newsletters, following relevant companies and organizations, or regularly checking reputable industry news sources and publications.
Methodology
Step 1 - Identification of Relevant Samples Size from Population Database



Step 2 - Approaches for Defining Global Market Size (Value, Volume* & Price*)

Note*: In applicable scenarios
Step 3 - Data Sources
Primary Research
- Web Analytics
- Survey Reports
- Research Institute
- Latest Research Reports
- Opinion Leaders
Secondary Research
- Annual Reports
- White Paper
- Latest Press Release
- Industry Association
- Paid Database
- Investor Presentations

Step 4 - Data Triangulation
Involves using different sources of information in order to increase the validity of a study
These sources are likely to be stakeholders in a program - participants, other researchers, program staff, other community members, and so on.
Then we put all data in single framework & apply various statistical tools to find out the dynamic on the market.
During the analysis stage, feedback from the stakeholder groups would be compared to determine areas of agreement as well as areas of divergence