India Socks Market to Reach US$ 320.4 Million by 2032, Propelled by the Availability of Vibrant and Colorful Socks

According to the latest report by IMARC Group, titled “India Socks Market Report by Product (Casual, Formal, Athletic, and Others), Material (Nylon, Cotton, Polyester, Wool, Waterproof Breathable Membrane, and Others), Application (Man, Women, Children), Distribution Channel (Supermarkets and Hypermarkets, Convenience Stores, Online Stores, and Others), and Region 2024-2032,” the India socks market size reached US$ 204.2 Million in 2023. Socks are clothing items designed to be worn on the feet, typically extending up the ankle and sometimes to the knee or thigh. They act as a barrier between the foot and footwear, providing comfort, warmth, and protection. Socks come in a wide range of materials including cotton, wool, nylon, and silk, each offering different benefits. Cotton socks are comfortable and breathable, wool socks provide excellent insulation in cold weather, while nylon and silk socks are durable and provide a smooth fit. They come in different lengths like no-show, ankle-length, crew, and knee-high, and in numerous colors and patterns to cater to various personal tastes and fashion styles. One of the most essential features of socks is their ability to absorb sweat, reducing the risk of foot odor and infections. Some socks are designed with special features like moisture-wicking properties, reinforced heels and toes for durability, and elastic cuffs to ensure a secure fit. There are also thermal socks for cold weather, compression socks for improved blood flow, and padded socks for extra cushioning. Athletic socks often include additional support in the arch. With the evolution of technology, more advanced socks, like those with antimicrobial properties or embedded sensors for health tracking, are also being introduced in the market, which is steadily gaining traction.

India Socks Market Trends:

The rise in disposable income among the middle class represent one of the key factors driving the market growth of socks in India. In addition to this, the rapid urbanization is driving changes in lifestyle and fashion trends, leading to the increased demand for stylish, high-quality socks. Moreover, the growing awareness about foot health is contributing to this trend, with people seeking socks with specific properties, such as moisture absorption and breathability. Besides this, the proliferation of e-commerce platforms is making a variety of socks accessible to consumers all over the country, is propelling the market growth. In addition to this, the expanding sports and fitness culture is catalyzing the demand for athletic and performance-based socks. Apart from this, the rise in diabetic patients is catalyzing the need for therapeutic socks, thus contributing to the market growth. Along with this, the steady increase in the working population base is catalyzing the requirement for formal and semi-formal socks. The surge in socks manufacturing companies due to favorable government policies is also playing a significant role in supporting the market growth. Furthermore, the introduction of innovative materials and designs, coupled with the trend of wearing vibrant, colorful socks are fostering the market growth. Other factors, such as the advent of customizable socks and the country's thriving textile industry, are fueling the expansion of the socks market. Looking forward, IMARC Group expects the market to reach US$ 320.4 Million by 2032, expanding at a growth rate (CAGR) of 5.13% during 2024-2032. 

Market Summary:

• Based on the product, the market is segmented into casual, formal, athletic, and others. Currently, casual holds the largest market share.
• Based on the material, the market is divided into nylon, cotton, polyester, wool, waterproof breathable membrane, and others. At present, cotton is dominating the market across India.
• Based on the application, the market is segmented into man, women, and children. Presently, men hold the largest market share across India.
• Based on the distribution channel, the market is divided into supermarkets and hypermarkets, convenience stores, online stores, and others. Currently, convenience stores are dominating the market.
• Based on the region, the market is segmented into Maharashtra, Tamil Nadu, Uttar Pradesh, Gujarat, Karnataka, West Bengal, Rajasthan, Andhra Pradesh, Telangana, Madhya Pradesh, Delhi NCR, Punjab, Haryana, and others. Currently, Uttar Pradesh is holding the largest market share.
• The competitive landscape of the market has been examined, with some of the key players being 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.
   

Report Scope:

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