India Socks Market

Market Overview:

The India socks market size reached US$ 204.2 Million in 2023. Looking forward, IMARC Group expects the market to reach US$ 320.4 Million by 2032, exhibiting a growth rate (CAGR) of 5.13% during 2024-2032. The shifting patterns of fashion and lifestyle trends, rising trend of casual work culture, and growing demand for socks with supplementary health benefits represent some of the key factors driving the market.

Socks are an item of clothing worn on the feet, covering the ankle, extending into the calf, and extending until the knee. They are typically made of cotton, wool, nylon, and polyester and are usually worn with shoes and boots. As socks conform to the shape of the foot, they provide a snug fit, are soft and comfortable, and provide cushioning for the feet to keep them from friction and blistering. They also prevent contamination and injury from dirt, dust, and other external elements, as well as provide warmth and insulation to the feet, especially in cold weather. Socks with breathable materials allow air to circulate around the feet, absorb sweat and moisture, preventing the growth of bacteria, excessive sweating and and foot odor. In addition to this, they are available in a wide variety of styles and patterns, enabling individuals to express their fashion sense and personal style.

India Socks Market Trends:

The market in India is primarily driven by the shifting patterns of fashion and lifestyle trends, resulting in a higher uptake of socks as a fashion apparel. This can be attributed to the considerable growth in the fashion industry. In line with this, the rising trend of casual work culture in India is leading to the growing adoption of socks that are comfortable and suit both work and leisure purposes. Moreover, the rising health consciousness among individuals resulting in the growing demand for socks with moisture-wicking capabilities, antibacterial attributes, and compression features is fueling the market. In addition to this, the easy product availability across online and offline organized retail channels is creating lucrative growth opportunities in the market. The market is further fueled by the increasing popularity of sports, both as a leisurely pastime and a profession, resulting in the augmenting demand for socks with performance-enhancing attributes and proliferation of niche sports sock brands. Apart from this, the inflating disposable income levels leading to more purchasing power of the consumers is also acting as a growth-inducing factor for the market. Also, the implementation of regulatory reforms and financial incentives by the Indian government to enhance manufacturing capabilities and export of the textile and apparel industry is creating a positive market outlook. Some of the other factors contributing to the market include rapid urbanization, growing product premiumization, introduction of innovative marketing strategies and attractive packages, and extensive research and development (R&D) activities conducted by key players.

Key Market Segmentation:

IMARC Group provides an analysis of the key trends in each segment of the India socks market, along with forecasts at the country level from 2024-2032. Our report has categorized the market based on product, material, application, and distribution channel.

Product Insights:

The report has provided a detailed breakup and analysis of the India socks market based on the product. This includes casual, formal, athletic, and others. According to the report, casual represented the largest segment. 

Material Insights:

The report has provided a detailed breakup and analysis of the India socks market based on the material. This includes nylon, cotton, polyester, wool, waterproof breathable membrane, and others. According to the report, cotton represented the largest segment.

Application Insights:

 The report has provided a detailed breakup and analysis of the India socks market based on the application. This includes man, women, and children. According to the report, men represented the largest segment.

Distribution Channel Insights:

 A detailed breakup and analysis of the India socks market based on the distribution channel has also been provided in the report. This includes supermarkets and hypermarkets, convenience stores, online stores, and others. According to the report, convenience stores accounted for the largest market share.

Regional Insights:

The report has also provided a comprehensive analysis of all the major regional markets, which include Maharashtra, Tamil Nadu, Uttar Pradesh, Gujarat, Karnataka, West Bengal, Rajasthan, Andhra Pradesh, Telangana, Madhya Pradesh, Delhi NCR, Punjab, Haryana, and others. According to the report, Uttar Pradesh was the largest market for India socks. Some of the factors driving the Uttar Pradesh socks market included rapid urbanization, considerable growth in the fashion industry, growing product premiumization, introduction of innovative marketing strategies and attractive packages, etc.

Competitive Landscape:

The report has also provided a comprehensive analysis of the competitive landscape in the India socks market. Competitive analysis such as market structure, market share by key players, player positioning, top winning strategies, competitive dashboard, and company evaluation quadrant has been covered in the report. Also, detailed profiles of all major companies have been provided. Some of the companies covered include Adidas India Marketing Pvt. Ltd (Adidas AG), Bonjour Group, Filatex Fashions Ltd., Heelium Sports Private Limited, NIKE India Private Ltd (Nike, Inc.), PUMA India Ltd (PUMA SE), SockSoho, Supersox, Vidhaan Socks, etc. Kindly note that this only represents a partial list of companies, and the complete list has been provided in the report. For each of the companies covered, the report provides business overview, services offered, business strategies, SWOT analysis, and major news and events.

Report Coverage:

Key Questions Answered in This Report:

• How has the India socks market performed so far, and how will it perform in the coming years? 
• What are the drivers, restraints, and opportunities in the India socks market? 
• What is the impact of each driver, restraint, and opportunity on the India socks market?
• What are the key regional markets? 
• Which countries represent the most attractive India socks market? 
• What is the breakup of the market based on the product?  
• Which is the most attractive product in the India socks market? 
• What is the breakup of the market based on the material?  
• Which is the most attractive material in the India socks market? 
• What is the breakup of the market based on the application?  
• Which is the most attractive application in the India socks market?  
• What is the breakup of the market based on the distribution channel? 
• Which is the most attractive distribution channel in the India socks market?  
• What is the competitive structure of the India socks market? 
• Who are the key players/companies in the India socks market?