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India Socks Market Report and Forecast 2024-2032

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    Report

  • 220 Pages
  • January 2024
  • Region: India
  • Expert Market Research
  • ID: 5934602
According to the report, the India socks market attained a value of about INR 53.58 billion in 2023. Aided by the burgeoning fashion industry, evolving consumer preferences, and the expansion of organised retail, the market is further expected to grow in the forecast period of 2024-2032 at a CAGR of 9% to reach a value of about USD 2116.1 billion by 2032.

Socks, traditionally considered merely as foot coverings, have transformed into a significant fashion statement in India's dynamic apparel landscape. Serving both functional and aesthetic purposes, socks are now available in an array of designs, materials, and styles, catering to diverse consumer needs and preferences.

The surge in India socks market demand can be attributed to multiple factors. The rise in fashion consciousness among the youth, driven by global fashion trends and the influence of social media, has substantially elevated the role of socks in ensemble coordination. No longer hidden under shoes, socks have become expressive accessories, with patterns, colours, and innovative designs taking the centre stage.

As per the India socks market analysis, the growth of the sports and fitness industry in India is bolstering the demand for specialised athletic socks. As more Indians take up sports and fitness activities, the need for performance-enhancing, comfortable, and durable socks has witnessed a considerable uptick.

The expanding organised retail sector in India, coupled with the growth of e-commerce platforms, is posing a positive impact on the India socks market outlook. With easy access to both domestic and international brands, consumers now have a plethora of choices at their fingertips. These retail channels, offering an extensive range of products and seamless shopping experiences, further fuel the consumption of socks across the nation.

Additionally, the emergence of premium and luxury socks segments, targeting the affluent urban population, is invigorating the market. These segments, emphasising quality, comfort, and exclusivity, cater to the rising aspirations and purchasing power of India's middle and upper-middle classes.

Nonetheless, continuous innovation, sustainable production practices, and brand-building efforts are expected to steer the India socks market growth. The introduction of eco-friendly, organic socks made from bamboo, organic cotton, and other sustainable materials offers an avenue for differentiation and caters to the environmentally conscious consumer.

Furthermore, collaborations between fashion influencers, celebrities, and sock brands can elevate brand visibility and drive consumer interest. Such partnerships resonate well with the youth, encouraging them to perceive socks as essential fashion accessories.

Market Segmentation

The market can be divided based on product type, material, demographics, and distribution channels.

Market Breakup by Product Type

  • Casual Socks
  • Formal Socks
  • Athletic Socks
  • Speciality Socks
  • Others

Market Breakup by Material

  • Nylon
  • Cotton
  • Polyester
  • Wool
  • Others

Market Breakup by Demographics

  • Men
  • Women
  • Kids

Market Breakup by Distribution Channels

  • Hypermarkets and Supermarkets
  • Convenience Stores
  • Speciality Stores
  • Online
  • Others

Competitive Landscape

The report looks into the market shares, plant turnarounds, capacities, investments, and mergers and acquisitions, among other major developments, of the leading companies operating in the India socks market. Some of the major players explored in the report are as follows:
  • Nike, Inc.
  • Adidas AG
  • U.S. Polo Assn.
  • Vidhaan Socks
  • Kamal Hosiery Industries
  • Filatex Fashions Ltd.
  • Bhumika Hosiery Centre
  • Others

Table of Contents

1 Preface2 Report Coverage - Key Segmentation and Scope
3 Report Description
3.1 Market Definition and Outlook
3.2 Properties and Applications
3.3 Market Analysis
3.4 Key Players
4 Key Assumptions
5 Executive Summary
5.1 Overview
5.2 Key Drivers
5.3 Key Developments
5.4 Competitive Structure
5.5 Key Industrial Trends
6 Market Snapshot7 Opportunities and Challenges in the Market
8 India Socks Market Analysis
8.1 Key Industry Highlights
8.2 India Socks Historical Market (2018-2023)
8.3 India Socks Market Forecast (2024-2032)
8.4 India Socks Market by Product Type
8.4.1 Casual Socks
8.4.1.1 Historical Trend (2018-2023)
8.4.1.2 Forecast Trend (2024-2032)
8.4.2 Formal Socks
8.4.2.1 Historical Trend (2018-2023)
8.4.2.2 Forecast Trend (2024-2032)
8.4.3 Athletic Socks
8.4.3.1 Historical Trend (2018-2023)
8.4.3.2 Forecast Trend (2024-2032)
8.4.4 Speciality Socks
8.4.4.1 Historical Trend (2018-2023)
8.4.4.2 Forecast Trend (2024-2032)
8.4.5 Others
8.5 India Socks Market by Material
8.5.1 Nylon
8.5.1.1 Historical Trend (2018-2023)
8.5.1.2 Forecast Trend (2024-2032)
8.5.2 Cotton
8.5.2.1 Historical Trend (2018-2023)
8.5.2.2 Forecast Trend (2024-2032)
8.5.3 Polyester
8.5.3.1 Historical Trend (2018-2023)
8.5.3.2 Forecast Trend (2024-2032)
8.5.4 Wool
8.5.4.1 Historical Trend (2018-2023)
8.5.4.2 Forecast Trend (2024-2032)
8.5.5 Others
8.6 India Socks Market by Demographics
8.6.1 Men
8.6.1.1 Historical Trend (2018-2023)
8.6.1.2 Forecast Trend (2024-2032)
8.6.2 Women
8.6.2.1 Historical Trend (2018-2023)
8.6.2.2 Forecast Trend (2024-2032)
8.6.3 Kids
8.6.3.1 Historical Trend (2018-2023)
8.6.3.2 Forecast Trend (2024-2032)
8.7 India Socks Market by Distribution Channels
8.7.1 Hypermarkets and Supermarkets
8.7.1.1 Historical Trend (2018-2023)
8.7.1.2 Forecast Trend (2024-2032)
8.7.2 Convenience Stores
8.7.2.1 Historical Trend (2018-2023)
8.7.2.2 Forecast Trend (2024-2032)
8.7.3 Speciality Stores
8.7.3.1 Historical Trend (2018-2023)
8.7.3.2 Forecast Trend (2024-2032)
8.7.4 Online
8.7.4.1 Historical Trend (2018-2023)
8.7.4.2 Forecast Trend (2024-2032)
8.7.5 Others
9 Market Dynamics
9.1 SWOT Analysis
9.1.1 Strengths
9.1.2 Weaknesses
9.1.3 Opportunities
9.1.4 Threats
9.2 Porter’s Five Forces Analysis
9.2.1 Supplier’s Power
9.2.2 Buyer’s Power
9.2.3 Threat of New Entrants
9.2.4 Degree of Rivalry
9.2.5 Threat of Substitutes
9.3 Key Indicators for Demand
9.4 Key Indicators for Price
10 Value Chain Analysis
11 Competitive Landscape
11.1 Market Structure
11.2 Company Profiles
11.2.1 Nike, Inc.
11.2.1.1 Company Overview
11.2.1.2 Product Portfolio
11.2.1.3 Demographic Reach and Achievements
11.2.1.4 Certifications
11.2.2 Adidas AG
11.2.2.1 Company Overview
11.2.2.2 Product Portfolio
11.2.2.3 Demographic Reach and Achievements
11.2.2.4 Certifications
11.2.3 U.S. Polo Assn.
11.2.3.1 Company Overview
11.2.3.2 Product Portfolio
11.2.3.3 Demographic Reach and Achievements
11.2.3.4 Certifications
11.2.4 Vidhaan Socks
11.2.4.1 Company Overview
11.2.4.2 Product Portfolio
11.2.4.3 Demographic Reach and Achievements
11.2.4.4 Certifications
11.2.5 Kamal Hosiery Industries
11.2.5.1 Company Overview
11.2.5.2 Product Portfolio
11.2.5.3 Demographic Reach and Achievements
11.2.5.4 Certifications
11.2.6 Filatex Fashions Ltd.
11.2.6.1 Company Overview
11.2.6.2 Product Portfolio
11.2.6.3 Demographic Reach and Achievements
11.2.6.4 Certifications
11.2.7 Bhumika Hosiery Centre
11.2.7.1 Company Overview
11.2.7.2 Product Portfolio
11.2.7.3 Demographic Reach and Achievements
11.2.7.4 Certifications
11.2.8 Others
12 Key Trends and Developments in the Market
List of Key Figures and Tables
1. India Socks Market: Key Industry Highlights, 2018 and 2032
2. India Socks Historical Market: Breakup by Product Type (INR Billion), 2018-2023
3. India Socks Market Forecast: Breakup by Product Type (INR Billion), 2024-2032
4. India Socks Historical Market: Breakup by Material (INR Billion), 2018-2023
5. India Socks Market Forecast: Breakup by Material (INR Billion), 2024-2032
6. India Socks Historical Market: Breakup by Demographics (INR Billion), 2018-2023
7. India Socks Market Forecast: Breakup by Demographics (INR Billion), 2024-2032
8. India Socks Historical Market: Breakup by Distribution Channels (INR Billion), 2018-2023
9. India Socks Market Forecast: Breakup by Distribution Channels (INR Billion), 2024-2032
10. India Socks Market Structure

Companies Mentioned

  • Nike Inc.
  • Adidas AG
  • U.S. Polo Assn.
  • Vidhaan Socks
  • Kamal Hosiery Industries
  • Filatex Fashions Ltd.
  • Bhumika Hosiery Centre

Methodology

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