In 2023, the market size for hosiery made of materials other than cotton, wool, or synthetic fibers in India stood at approximately $346 million USD. Forecasted data shows a consistent year-on-year growth from 2024 to 2028, with the market value reaching about $427.28 million USD by 2028. The average compound annual growth rate (CAGR) over this period is anticipated to be 4.1%, indicating a stable increase in market demand for these niche hosiery products.
Future trends to watch for include:
- Increasing consumer preference for sustainable and eco-friendly materials could drive demand for non-traditional hosiery materials.
- Innovation in material technology could introduce new products that cater to niche markets, potentially increasing the market size further.
