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Report Overview
2023
Base Year
2018-2023
Historical Year
2024-2032
Forecast Year
India Hosiery Market Size
The India hosiery market was valued at USD 4.4 billion in 2023. The market is further projected to grow at a CAGR of 6.90% between 2024 and 2032, reaching a value of USD 8.1 billion by 2032.
India Hosiery Market Outlook
- As per industry reports, Ludhiana in Punjab accounts for more than 90% of the apparel production of the Indian market.
- Prominent sock producers in India include Infiiloom with an annual production of 150 million pairs of Socks and Supersox-Superknit Industries, with an annual production capacity of 11 million socks.
India Hosiery Market Growth
Ludhiana is an ideal destination for hosiery businesses in India owing to the easy availability of raw materials and the presence of a large number of local weavers, spinners, processors, knitters, and exporters. Hosiery produced in Ludhiana is exported to Punjab, Haryana, Uttar Pradesh, Rajasthan, Delhi, Himachal Pradesh, Jammu and Kashmir, Bihar, and other Northeastern states. Ludhiana's hosiery cluster is famous for producing winter garments, including jackets, sweaters, cardigans, pullovers, thermals, inners, and shawls.
According to the India hosiery market analysis, Indians are increasingly demanding socks that are functional as well as act as an important fashion accessory. Consumers are demanding global styles and designs with the utmost focus on quality and comfort. The rising cases of diabetes and blood pressure aid the demand for socks to provide relief for patients suffering from these chronic diseases. As of June 2023, 11% of the Indian population was diabetic.
India Hosiery Industry Segmentation
India Hosiery Market Report and Forecast 2024-2032 offers a detailed analysis of the market based on the following segments.
Market Breakup by Product Type
- Body Stockings
- Socks
- Knee Highs, Hold-Ups
- Others
Market Breakup by End User
- Men
- Women
Market Breakup by Distribution Channel
- Online
- Offline
Market Breakup by Region
- North India
- East and Central India
- West India
- South India
India Hosiery Market Share by Distribution Channel
To strengthen their market position, manufacturers are building a strong network of retail touchpoints. By investing in partnerships with distributors and making their products available in retail stores across India producers are improving their sales. Further, online channels such as Amazon, Flipkart, and Myntra, are increasing the ease of supplying these products to end consumers.
Leading Companies in India Hosiery Market
The key players in the hosiery market in India are investing in strengthening their distribution network to expand their customer reach.
- Jockey International Inc.
- Adidas AG
- SPANX LLC
- Aditya Birla Fashion and Retail Ltd.
- LUX Industries Limited
- Rupa & Company Limited
- INTIMI India Limited
- Reliance Retail Limited (Zivame)
- Ginza Industries Ltd, (Plumbury)
- Others
Key Highlights of the Report
| REPORT FEATURES | DETAILS |
| Base Year | 2023 |
| Historical Period | 2018-2023 |
| Forecast Period | 2024-2032 |
| Scope of the Report |
Historical and Forecast Trends, Industry Drivers and Constraints, Historical and Forecast Market Analysis by Segment:
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| Breakup by Product Type |
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| Breakup by End User |
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| Breakup by Distribution Channel |
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| Breakup by Region |
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| Market Dynamics |
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| Competitive Landscape |
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| Companies Covered |
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*While we strive to always give you current and accurate information, the numbers depicted on the website are indicative and may differ from the actual numbers in the main report. At Expert Market Research, we aim to bring you the latest insights and trends in the market. Using our analyses and forecasts, stakeholders can understand the market dynamics, navigate challenges, and capitalize on opportunities to make data-driven strategic decisions.*
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Key Questions Answered in the Report
In 2023, the hosiery market in India reached an approximate value of USD 4.4 billion.
The market is expected to grow at a CAGR of 6.90% between 2024 and 2032.
The market is estimated to witness healthy growth in the forecast period of 2024-2032 to reach USD 8.1 billion by 2032.
Ludhiana's hosiery cluster is recognised for its high-quality hosiery production, winter garments, inners, and shawls.
One of the biggest centres for textile production in India is Mumbai due to the ease of availability of raw materials.
The major drivers of the market include the rising demand for high-quality and comfortable hosiery products and the rising cases of diabetes stimulating the demand for diabetic socks.
Key trends aiding market expansion include the rising popularity of online marketplaces, demand for diabetic socks to provide comfort to patients, and the popularity of fashionable hosiery items.
Major regions in the market are North India, East and Central India, West India, and South India.
The key end users of hosiery are men and women.
Key players in the market are Jockey International Inc., Adidas AG, SPANX LLC, Aditya Birla Fashion and Retail Ltd., LUX Industries Limited, Rupa & Company Limited, INTIMI India Limited, Reliance Retail Limited (Zivame), Ginza Industries Ltd, (Plumbury), and others.
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