India Socks Market Report and Forecast 2024-2032

India Socks Market Size

The India socks market attained a value of about INR 53.58 billion in 2023. The market is further expected to grow in the forecast period of 2024-2032 at a CAGR of 9%.

Increasing Diabetic Population Augmenting the Market Growth for Socks in India

India has the second largest diabetic population in the world, which is expected to grow significantly in upcoming years. As foot care is crucial for diabetics, socks are recommended by health care professionals. Moreover, innovations and investments by the leading players have led to the development of diabetic socks, which is designed to keep feet dry, enhance blood circulation, and decrease the risk of a foot injury. The socks are designed to address foot-related issues and improve foot health. They are made with moisture-wicking materials to allow sweat to evaporate and prevent bacterial infection. In addition, fine-textured fabrics such as wool and bamboo, along with blister-guard yarn, are used to make the socks to prevent abrasion against the skin. This is invigorating the growth of the sock industry in India.

Read more about this report - REQUEST FREE SAMPLE COPY IN PDF

The rising health and fitness consciousness owing to the wide prevalence of chronic illnesses in the country are augmenting the market growth. This is increasing the demand for workout attire. Socks are crucial to keep feet dry and prevent infection. They prevent blisters, fungal infections, calluses, and corns, due to which they are increasingly used, hence aiding the market growth. Moreover, the rising awareness regarding the benefits of socks is also aiding the market growth. The increasing number of working population owing to the penetration of various multinational companies (MNCs) and the expansion of India as an outsourcing hub is increasing the demand for casual socks, therefore providing further impetus to the sock industry in India.

Socks Industry Segmentation

Socks are pieces of clothing that are usually made up of soft material and are worn on feet inside footwear. They are typically used to absorb perspiration and keep the feet cool. They are available in various shapes and sizes. They are extensively used in clothing attire to protect the legs from injury.

Read more about this report - REQUEST FREE SAMPLE COPY IN PDF

The major products of socks are:

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

Based on materials, the market is divided into:

• Nylon
• Cotton
• Polyester
• Wool
• Others

By demographics, the market is classified into:

• Men 
• Women
• Kids

The market can be broadly categorised on the basis of its distribution channels into:

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

Thriving E-Commerce Sector to Bolster the Growth of the Socks Industry in India

The surge of the online retail sector in India is witnessing rapid growth owing to increasing internet penetration and smartphone ownership. This is positively impacting small and medium-sized enterprises by increasing their online presence. The easy accessibility through online platforms, even in the remote parts of the country, is augmenting the market growth. Moreover, rapid development in tier-two and tier-three cities such as Agra, Madurai, and Patna are expanding the presence of retail outlets and shopping malls. The penetration of leading brands such as Nike and Adidas is increasing the demand for socks, therefore augmenting the market growth.

Read more about this report - REQUEST FREE SAMPLE COPY IN PDF

The demand for comfort clothing has increased significantly since the surge of the coronavirus pandemic. As stay-at-home orders and work from home became a new normal, the demand for socks increased.  As fashion is becoming a representation of one’s individuality, vibrant colours and design socks are becoming popular among men. This is also expected to fuel the market growth. Moreover, innovative socks that are embedded with sensors to track foot temperature and alert the wearer about any foot-related conditions via mobile applications are developed. Such innovations in the industry are expected to augment the market growth over the forecast period.

Key Industry Players in the India Socks Market

The report presents a detailed analysis of the following key players in the India Socks market, looking into their capacity, market shares, and latest developments like capacity expansions, plant turnarounds, and mergers and acquisitions:

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

The comprehensive report looks into the macro and micro aspects of the industry. The EMR report gives an in-depth insight into the market by providing a SWOT analysis as well as an analysis of Porter’s Five Forces model.

Key Highlights of the Report