Company: LSEB
Filing Date: 2025-07-15
Form Type: 10-K
Source: 0001199835-25-000233
Chunk: 4

Company: LSEB Creative Corp.
Filing Date: 2025-07-15
Form: 10-K
Item: Item 1
Chunk 4
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 this is laying the groundwork for the mass purchasing of swimwear products. The market is also being driven by growing
technical and process innovation in developed economies. The market has grown as a result of the development of numerous types of sophisticated
fabrics that maintain their colour for a longer amount of time and are resistant to chlorine.

6

The
luxury swimwear market in Asia and Latin America is experiencing notable growth, driven by rising disposable incomes, evolving fashion
preferences, and increased tourism. In 2024, the Asia-Pacific luxury swimwear market is valued at approximately USD 5.4 billion, accounting
for about 23% of the global market. It’s projected to grow at a CAGR of 8.0% from 2024 to 2031. China: Valued at USD
2.43 billion in 2024, with a projected CAGR of 7.5%. Growth is fueled by increased domestic demand and a shift towards local brands.
India: Market size of USD 649 million in 2024, expected to grow at a CAGR of 6.8%. Southeast Asia: Valued at
USD 373 million in 2024, with a projected CAGR of 9.0%, indicating significant growth potential. The region is witnessing a surge in
online retail channels, with luxury brands collaborating with local influencers and designers to cater to cultural preferences.

Asia-Pacific
and Latin America, Middle East and Africa (LAMEA) collectively contributed a global market share of over 30 percent in 2024. Asia-Pacific
individually is projected to grow at a “significant” CAGR of 8.4 percent. Key players in the global swimwear industry include
Haddow Group Plc, Nike Inc., Boardriders, Inc., Arena Italia S.p.A., O’Neill, Inc., Swimwear Anywhere, Inc., Adidas AG, Gap Inc.,
Phillips-Van Heusen Corporation (PVH Corp.), and Perry Ellis International Inc (Allied Market Research). Recent movement in the industry
includes Perry Ellis International, Inc., entering into Nike Swim distribution agreements in Latin America with R1 Sports Ltda in Brazil,
Uldin SA in Argentina, Uruguay and Paraguay, Superdeporte Plus Peru S.A.C in Peru, Bolivia, and Ecuador.

Luxury
in Swimwear

As
of 2021, luxury accounted for 9% of the women’s swimwear market. By 2025,