Candice Swanepoel, Miranda Kerr, Alessandra Ambrosio and other top Victoria’s Secret swimwear models are back on the beach for the brand’s new 2012 catalog, It’s getting the jump on a key rival.

The lingerie and swimwear brand just released the first photos from the campaign, called “Brazil with Love.”

Candice, 23, wears the “Miraculous Push-Up” bikini, the brand’s newest desing, on the cover.

“It is such an honor to be on the cover of the Victoria’s Secret Swim Catalogue,” said Swanepoel in a statement.

Check out the VS swimsuits; click to enlarge.

“I love the swim collection and always look forward to getting the catalogue in my mailbox every year!”

Apparently so do thousands of others. The catalog is getting so popular, it’s beginning to rival the Sports Illustrated swimsuit issue.

The SI issue will debut in February, and usually features two dozen models in various stages of undress in the latest bikini fashions. But Victoria’s Secret has suddenly realized it has a marketing bonanza on is hands, because it’s catalog has similar content.

Lily Aldridge and Edita Vilkeviciute are also featured in the just released photos, as well as a behind-the-scenes video.

The shoot took place in exotic Bora Bora. The models posed on the beach and in the water.

Filmmaker Greg Kadel whose celebrity clients have include Britney Spears, Stella McCartney and Megan Fox, shot the video.

Embellishments, luxurious fabrics, tribal prints, neon and bright colors and mix and match pieces are highlights.

Check out the video below, and the photos!