The hosiery market in India, exclusive of cotton, wool, or synthetic fibers, reached a value of 344.73 million USD in 2023. Over the last decade, it displayed robust growth, peaking in 2018, gradually stabilizing post-2019, and experiencing a slight decline in 2020 due to global disruptions. In recent years, the market has shown consistent recovery, with the 2022-2023 period marking a 4.8% year-on-year increase. The five-year CAGR was 4.46%, indicating moderate growth stabilization.
Future trends to watch for include:
- Innovations in sustainable materials to cater to environmental concerns.
- Increasing consumer preference for comfort and quality driving premium product demand.
- Potential impact of e-commerce growth on distribution channels.
