Hosiery Market Trends: Growth, Innovation and the Future Outlook

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Hosiery Market Trends Growth, Innovation and the
Future Outlook
In the bustling world of fashion and comfort, the
hosiery market stands out as a vibrant and
thriving industry. From Ludhiana, the heart of
Indias hosiery manufacturing hub, to global
players, hosiery products have secured a
significant place in wardrobes worldwide. Lets
delve into the fascinating world of the hosiery
market, exploring trends, insights, and lucrative
opportunities.
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Understanding the Hosiery Market Landscape The
hosiery market encompasses a diverse range of
products, including socks, stockings, tights,
and leggings, catering to both fashion-conscious
consumers and those seeking functional comfort.
In India, particularly in Ludhiana, hosiery
manufacturing thrives, contributing significantly
to the countrys apparel and textile industry.
The hosiery market is a niche segment within the
broader apparel and textile market. It shares
many similarities in terms of raw materials,
consumer trends, and distribution channels, but
also has its own unique drivers focused on
legwear functionality and specific needs.
Hosiery Market Size and Market Growth Rate The
global hosiery market is expected to reach the
Textile Market size of USD 44.2 billion by 2025,
growing from USD 36.2 billion in 2020. The
compound annual Textile Market growth rate (CAGR)
of 4.0 during the forecast period (20202025).
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Hosiery Market Trends The apparel and textile
market trends in the hosiery market are
Growing Importance of Durable and
Comfortable Hosiery The market is expected to
reach USD 44.2 billion by 2025, driven by the
increasing demand for hosiery as a comfortable
and durable clothing option, particularly for
sports professionals.
Rising Demand for Functional and Fashionable
Hosiery Consumers are looking for hosiery that
is both stylish and functional. This is reflected
in the popularity of products like striped
tights, python print tights, and patterned socks.
E-commerce Boom The shift towards online
shopping is a major factor influencing the market
growth. Easy access and convenience offered by
online retailers are propelling sales of hosiery
products.
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Health Benefits Awareness A growing number of
people are recognizing the health benefits of
hosiery, such as improved blood circulation,
prevention of fungal infections, and even
varicose vein prevention.
Non-Sheer Hosiery Dominates, Sheer Hosiery
Growing Fastest Non-sheer hosiery products
account for the largest market share (85.7) due
to their comfort and practicality, preferred
by sports professionals, nurses, and for casual
wear. Sheer hosiery is expected to be the
fastest-growing segment with a CAGR of 4.0 from
2019 to 2025, driven by rising interest among
millennials who often combine them with socks.
Womens Hosiery Leads, Mens Segment Catching
Up The womens application segment holds the
largest share (82.0) due to the wider variety of
colours, designs, and use cases for hosiery among
women. However, the mens segment is projected to
be the fastest growing market with a CAGR of 4.0
from 2019 to
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2025, fueled by the growing athleisure trend and
rising acceptance of products like
weather-adaptive tights for men.
Regional Growth North America is the current
leader (37.4 share) due to high consumer demand
for stylish and comfortable hosiery. However,
Asia Pacific is expected to witness the fastest
growth (CAGR of 4.0 from 2019 to 2025) driven by
rising disposable income, increasing interest in
sports apparel, and growing awareness about
fitness, especially in developing countries like
China and India.
Major Players in the Hosiery Market The hosiery
market is a competitive landscape with
numerous players, both established brands and
private label companies. The key players, but
its important to note that specific textile
market share statistics for individual companies
are not available in the report
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Gildan Activewear Inc. (Canada) Known for
their activewear apparel, including socks and
hosiery.
Hanesbrands Inc. (US) A leading manufacturer
of innerwear and hosiery under brands like
Hanes, Bali, and Champion.
Spanx, Inc. (US) Specializes in shapewear and
hosiery known for its innovative comfort
features.
Golden Lady Company SpA (Italy) A major
player in the European hosiery market with a
focus on womens hosiery.
CSP International Fashion Group S.p.A. (Italy)
Offers a wide range of hosiery products under
various brands.
Adidas America Inc. (US) A prominent
sportswear brand with a strong presence in the
hosiery segment, particularly for athletic socks.
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Jockey International, Inc. (US) Well-known
for its innerwear and hosiery products for men,
women, and children.
Hosiery Business
Hosiery Market Segmentation The global hosiery
market is segmented by product, application, and
region. Here are the segments of the apparel and
Textile Market segmentation
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Product

• Non-Sheer Hosiery This segment accounted for
  85.7
• of the Textile market share. It includes popular
  items like ankle socks, dress socks, and training
  socks, favored for
• their comfort and practicality by athletes,
  professionals (e.g., nurses), and for casual
  wear.
• Sheer Hosiery Though holding a smaller share,
  this segment is expected to grow the fastest at
  a CAGR of 4.0 from 2019 to 2025. This growth is
  attributed to rising interest among millennials
  who often combine sheer hosiery with socks for a
  specific look.

Application

• Womens Hosiery This segment held the largest
  share
• at 82.0. The wider variety of colors, designs,
  and
• functionalities of hosiery for women (e.g.,
  workouts, professional wear) contribute to this
  dominance.

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• Mens Hosiery While holding a smaller share
  currently,
• the mens segment is projected to be the fastest
  growing with a CAGR of 4.5 from 2019 to 2025.
  This growth is fueled by the increasing
  popularity of athleisure wear among men and the
  rising acceptance of innovative
• products like weather-adaptive tights.

Region

• North America This region accounted for 37.4 of
  the
• market share in 2018. High consumer demand for
  stylish and comfortable hosiery products drives
  the market here.
• Asia Pacific Expected to witness the fastest
  growth at a CAGR of 4.0 from 2019 to 2025. This
  growth is driven by rising disposable income,
  increasing interest in sports apparel, and
  growing awareness about fitness, especially in
  developing countries like China and India.

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Read More- Decoding Growth Asia-Pacific Apparel
Textile Insights
Ludhiana A Hub of Hosiery Excellence Ludhiana,
often referred to as the Manchester of India,
boasts a vibrant hosiery industry, with numerous
companies manufacturing high-quality hosiery
products. The citys skilled workforce, coupled
with state-of-the-art manufacturing facilities,
positions Ludhiana hosiery as a key player in
India hosiery market.
Exploring Business Opportunities For
entrepreneurs and businesses looking to venture
into the hosiery market, India offers immense
potential. Establishing a hosiery business in
Ludhiana or other manufacturing hubs can be a
lucrative endeavor, tapping into the growing
demand for hosiery products both domestically
and internationally.
Hosiery Market Future Outlook, Challenges and
Opportunities
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The global hosiery market is expected to exhibit
steady growth in the coming years, driven by
several factors. The future outlook, challenges
and opportunities in apparel and textile industry

• Future Outlook
• Market Size The market is anticipated to reach
  USD
• 44.2 billion by 2025, growing from USD 36.2
  billion in 2020 at a CAGR of 4.0. This indicates
  continued
• consumer demand for hosiery products.
• Shifting Consumer Preferences Growing awareness
  of the health benefits of hosiery (improved
  circulation, fungal infection prevention) and
  the increasing popularity of athleisure wear are
  expected to fuel market growth.
• E-commerce Boom The rising convenience of online
  shopping is projected to further drive sales,
  especially for younger demographics.

Challenges
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• Economic Fluctuations Economic downturns can
• impact consumer spending, potentially slowing
  down market growth.
• Competition The hosiery market is quite
  competitive, with numerous private-label brands
  vying for market share. This can lead to price
  wars and pressure on profit margins.
• Sustainability Concerns Consumers are becoming
• more environmentally conscious. Meeting these
  demands may require manufacturers to invest in
  sustainable
• materials and production processes, potentially
  increasing costs.

• Opportunities
• Product Innovation Developing innovative
  products
• with features like weather-adaptive fabrics,
  stronger elasticity for improved circulation, and
  antimicrobial finishes can attract new customers.

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• Expanding Markets Growing disposable income and
• rising interest in sports apparel in developing
  economies like China and India present
  significant growth opportunities.
• Plus-Size Market The growing acceptance of
  plus-size clothing creates an opportunity for
  hosiery manufacturers to cater to this segment
  with a wider range of sizes and styles.

Conclusion The hosiery market presents a wealth
of opportunities for businesses, entrepreneurs,
and manufacturers alike. With evolving consumer
preferences, technological advancements, and a
growing emphasis on comfort and style, the
hosiery industry continues to thrive. Whether
its Ludhianas bustling manufacturing scene or
global players innovating in design and
technology, the hosiery market is poised for
continued growth and success.
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Read More- Deciphering the Trends in the Apparel
and Footwear Industry