India Socks Market Size & Outlook, 2022-2030
India socks market, 2017-2030 (US$M)
Related Markets
India socks market highlights
- The India socks market generated a revenue of USD 4,371.1 million in 2022 and is expected to reach USD 8,096.5 million by 2030.
- The India market is expected to grow at a CAGR of 8% from 2023 to 2030.
- In terms of segment, casual was the largest revenue generating product in 2022.
- Athletic is the most lucrative product segment registering the fastest growth during the forecast period.
Socks market data book summary
| Market revenue in 2022 | USD 4,371.1 million |
| Market revenue in 2030 | USD 8,096.5 million |
| Growth rate | 8% (CAGR from 2022 to 2030) |
| Largest segment | Casual |
| Fastest growing segment | Athletic |
| Historical data | 2017 - 2021 |
| Base year | 2022 |
| Forecast period | 2023 - 2030 |
| Quantitative units | Revenue in USD million |
| Market segmentation | Casual, Formal, Athletic |
| Key market players worldwide | Nike Inc Class B, Puma SE, Adidas AG, ASICS Corp, Skechers USA Inc Class A, Hanesbrands Inc, Under Armour Inc Class A, VF Corp, Jockey International, Drymax Socks |
Other key industry trends
- In terms of revenue, India accounted for 9.8% of the global socks market in 2022.
- Country-wise, U.S. is expected to lead the global market in terms of revenue in 2030.
- In Asia Pacific, China socks market is projected to lead the regional market in terms of revenue in 2030.
- India is the fastest growing regional market in Asia Pacific and is projected to reach USD 8,096.5 million by 2030.
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Socks Market Scope
Socks Market Companies
| Name | Profile | # Employees | HQ | Website |
|---|
India socks market outlook
The databook is designed to serve as a comprehensive guide to navigating this sector. The databook focuses on market statistics denoted in the form of revenue and y-o-y growth and CAGR across the globe and regions. A detailed competitive and opportunity analyses related to socks market will help companies and investors design strategic landscapes.
Casual was the largest segment with a revenue share of 60.35% in 2022. Horizon Databook has segmented the India socks market based on casual, formal, athletic covering the revenue growth of each sub-segment from 2017 to 2030.
The increasing demand for the diabetic socks in India is accelerating the market growth over the last few years. For instance, according to WHO, in 2021, India ranks second after China in the global diabetes epidemic with 77 million people with diabetes, which is expected to grow significantly in upcoming years.
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.
Cotton is the most preferred material when it comes to socks as they ensure maximum comfort and breathability. They are also immensely versatile. Players in the country have been expanding their product portfolios to gain consumer traction and market share.
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Target buyers of India socks market databook
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Our clientele includes a mix of socks market companies, investment firms, advisory firms & academic institutions.
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30% of our revenue is generated working with investment firms and helping them identify viable opportunity areas.
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Approximately 65% of our revenue is generated working with competitive intelligence & market intelligence teams of market participants (manufacturers, service providers, etc.).
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Horizon Databook provides a detailed overview of country-level data and insights on the India socks market , including forecasts for subscribers. This country databook contains high-level insights into India socks market from 2017 to 2030, including revenue numbers, major trends, and company profiles.
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India socks market size, by product, 2017-2030 (US$M)
India Socks Market Outlook Share, 2022 & 2030 (US$M)
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