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India Socks Market: By Product Type: Casual Socks, Formal Socks, Athletic Socks, Speciality Socks, Others; By Material: Nylon, Cotton, Polyester, Wool, Others; By Demographics; By Distribution Channels; Historical Market and Forecast (2017-2027); Market Dynamics; Competitive Landscape; Industry Events and Developments

India Socks Market Outlook

The India socks market attained a value of about INR 45.1 billion in 2021. The market is further expected to grow in the forecast period of 2022-2027 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.

 

India Socks Market

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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: Market 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.

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.

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.

 

REPORT FEATURES DETAILS
Base Year 2021
Historical Period 2017-2021
Forecast Period 2022-2027
Scope of the Report Historical and Forecast Trends, Industry Drivers and Constraints, Historical and Forecast Market Analysis by Segment- Product Type, Material, Demographics, Distribution Channels
Breakup by Product Type Casual Socks, Formal Socks, Athletic Socks, Speciality Socks, Others
Breakup by Material Nylon, Cotton, Polyester, Wool, Others
Breakup by Demographics Men, Women, Kids
Breakup by Distribution Channels Hypermarkets and Supermarkets, Convenience Stores, Speciality Stores, Online, Others
Market Dynamics SWOT, Porter's Five Forces, Key Indicators for Price and Demand
Competitive Landscape Market Structure, Company Profiles- Company Overview, Product Portfolio, Demographic Reach and Achievements, Certifications
Companies Covered Nike, Inc., Adidas AG, U.S. Polo Assn., Vidhaan Socks, Kamal Hosiery Industries, Filatex Fashions Ltd., Bhumika Hosiery Centre, Others
Report Price and Purchase Option Explore our purchase options that are best suited to your resources and industry needs.
Delivery Format Delivered as an attached PDF and Excel through email, with an option of receiving an editable PPT, according to the purchase option.

 

*We at Expert Market Research always thrive to give you the latest information. The numbers in the article are only indicative and may be different from the actual report.

1    Preface
2    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 Snapshot
    6.1    India
7    Industry Opportunities and Challenges
8    India Socks Market Analysis

    8.1    Key Industry Highlights
    8.2    India Socks Historical Market (2017-2021) 
    8.3    India Socks Market Forecast (2022-2027)
    8.4    India Socks Market by Product Type
        8.4.1    Casual Socks
            8.4.1.1    Market Share
            8.4.1.2    Historical Trend (2017-2021)
            8.4.1.3    Forecast Trend (2022-2027)
        8.4.2    Formal Socks
            8.4.2.1    Market Share
            8.4.2.2    Historical Trend (2017-2021)
            8.4.2.3    Forecast Trend (2022-2027)
        8.4.3    Athletic Socks
            8.4.3.1    Market Share
            8.4.3.2    Historical Trend (2017-2021)
            8.4.3.3    Forecast Trend (2022-2027)
        8.4.4    Speciality Socks
            8.4.4.1    Market Share
            8.4.4.2    Historical Trend (2017-2021)
            8.4.4.3    Forecast Trend (2022-2027)
        8.4.5    Others
    8.5    India Socks Market by Material
        8.5.1    Nylon
            8.5.1.1    Market Share
            8.5.1.2    Historical Trend (2017-2021)
            8.5.1.3    Forecast Trend (2022-2027)
        8.5.2    Cotton
            8.5.2.1    Market Share
            8.5.2.2    Historical Trend (2017-2021)
            8.5.2.3    Forecast Trend (2022-2027)
        8.5.3    Polyester
            8.5.3.1    Market Share
            8.5.3.2    Historical Trend (2017-2021)
            8.5.3.3    Forecast Trend (2022-2027)
        8.5.4    Wool
            8.5.4.1    Market Share
            8.5.4.2    Historical Trend (2017-2021)
            8.5.4.3    Forecast Trend (2022-2027)
        8.5.5    Others
    8.6    India Socks Market by Demographics
        8.6.1    Men
            8.6.1.1    Market Share
            8.6.1.2    Historical Trend (2017-2021)
            8.6.1.3    Forecast Trend (2022-2027)
        8.6.2    Women
            8.6.2.1    Market Share
            8.6.2.2    Historical Trend (2017-2021)
            8.6.2.3    Forecast Trend (2022-2027)
        8.6.3    Kids
            8.6.3.1    Market Share
            8.6.3.2    Historical Trend (2017-2021)
            8.6.3.3    Forecast Trend (2022-2027)
    8.7    India Socks Market by Distribution Channels
        8.7.1    Hypermarkets and Supermarkets
            8.7.1.1    Market Share
            8.7.1.2    Historical Trend (2017-2021)
            8.7.1.3    Forecast Trend (2022-2027)
        8.7.2    Convenience Stores
            8.7.2.1    Market Share
            8.7.2.2    Historical Trend (2017-2021)
            8.7.2.3    Forecast Trend (2022-2027)
        8.7.3    Speciality Stores
            8.7.3.1    Market Share
            8.7.3.2    Historical Trend (2017-2021)
            8.7.3.3    Forecast Trend (2022-2027)
        8.7.4    Online
            8.7.4.1    Market Share
            8.7.4.2    Historical Trend (2017-2021)
            8.7.4.3    Forecast Trend (2022-2027)
        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    Industry Events and Developments


List of Key Figures and Tables

1.    India Socks Market: Key Industry Highlights, 2017 and 2027
2.    India Socks Historical Market: Breakup by Product Type (INR Billion), 2017-2021
3.    India Socks Market Forecast: Breakup by Product Type (INR Billion), 2022-2027
4.    India Socks Historical Market: Breakup by Material (INR Billion), 2017-2021
5.    India Socks Market Forecast: Breakup by Material (INR Billion), 2022-2027
6.    India Socks Historical Market: Breakup by Demographics (INR Billion), 2017-2021
7.    India Socks Market Forecast: Breakup by Demographics (INR Billion), 2022-2027
8.    India Socks Historical Market: Breakup by Distribution Channels (INR Billion), 2017-2021
9.    India Socks Market Forecast: Breakup by Distribution Channels (INR Billion), 2022-2027
10.    India Socks Market Structure

Key Questions Answered in the Report

In 2021, the India socks market attained a value of about INR 45.1 billion.

The market is projected to grow at a CAGR of 9% between 2022 and 2027.

The market is being propelled by the rising diabetic population and the growing awareness regarding the benefits of wearing socks.

The market is expected to be driven by the surge of the e-commerce platforms and retail outlets, rising demand for comfort clothing, and the increasing use of socks as a fashion statement.

The major products of socks in the industry are casual socks, formal socks, athletic socks, and speciality socks, among others.

The dominant materials of socks are nylon, cotton, polyester, and wool, among others.

The leading demographics are men, women, and kids.

The significant distribution channels in the market are hypermarkets and supermarkets, convenience stores, speciality stores, and online, among others.

The major players in the industry are Nike, Inc., Adidas AG, U.S. Polo Assn., Vidhaan Socks, Kamal Hosiery Industries, Filatex Fashions Ltd., and Bhumika Hosiery Centre, among others.

Analyst Review

The India socks market attained value of about INR 45.1 billion in 2021, driven by the rising prevalence of foot-related issues among the growing diabetic population. Aided by the surge of retail outlets and e-commerce platforms, the market is expected to witness a further growth in the forecast period of 2022-2027, growing at a CAGR of 9%.

EMR’s meticulous research methodology delves deep into the market, covering the macro and micro aspects of the industry. Based on its products, the socks industry can be segmented into casual socks, formal socks, athletic socks, and speciality socks, among others. By materials, the industry is categorised into nylon, cotton, polyester, and wool, among others. Based on demographics, the market is classified into men, women, and kids. On the basis of distribution channels, the industry is divided into hypermarkets and supermarkets, convenience stores, speciality stores, and online, among others. The key players in the above market include Nike, Inc., Adidas AG, U.S. Polo Assn., Vidhaan Socks, Kamal Hosiery Industries, Filatex Fashions Ltd., and Bhumika Hosiery Centre, among others.
 
EMR’s research methodology uses a combination of cutting-edge analytical tools and the expertise of their highly accomplished team, thus, providing their customers with market insights that are accurate, actionable, and help them remain ahead of their competition.

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