Hosiery Market Size, Share, Industry Trends and Forecast to 2030

Hosiery Market Size & CAGR

The global hosiery market is expected to reach a value of USD 45.6 billion by 2023, with a Compound Annual Growth Rate (CAGR) of 4.5% during the forecast period from 2023 to 2030. The market is driven by factors such as changing fashion trends, increasing disposable income, and growing awareness about health benefits associated with wearing hosiery products.

COVID-19 Impact on the Hosiery Market

The COVID-19 pandemic had a significant impact on the hosiery market as lockdowns and restrictions led to a decline in consumer spending on non-essential items. However, with the gradual reopening of economies and the resumption of social events, the market is witnessing a recovery. The pandemic also highlighted the importance of online sales channels, leading to a shift towards e-commerce platforms for hosiery purchases.

Hosiery Market Dynamics

The hosiery market is characterized by changing consumer preferences, technological advancements, and increasing focus on sustainability. Innovations in materials and manufacturing processes are driving market growth, while sustainability initiatives are gaining traction among key players. The market is also influenced by factors such as seasonal trends, demographic shifts, and competitive pricing strategies.

Segments and Related Analysis of the Hosiery Market

The hosiery market can be segmented based on product type, distribution channel, and end-user. Product types include socks, stockings, and tights, among others. Distribution channels encompass offline retail stores, online platforms, and specialty stores. End-users of hosiery products include men, women, and children of all age groups.

Hosiery Market Analysis Report by Region

Asia Pacific Hosiery Market Report

The Asia Pacific region is a key market for hosiery products, driven by a large population base, increasing disposable income, and growing fashion consciousness. Countries like China, Japan, and India are major contributors to the market growth, with a strong demand for both traditional and modern hosiery products.

South America Hosiery Market Report

South America represents a growing market for hosiery products, characterized by a rising middle-class population and changing fashion trends. Brazil, Argentina, and Chile are key markets in the region, with a preference for high-quality and innovative hosiery products among consumers.

North America Hosiery Market Report

North America is a mature market for hosiery products, with a strong presence of established brands and a high level of consumer awareness. The United States and Canada are major markets within the region, with a focus on premium and luxury hosiery segments.

Europe Hosiery Market Report

Europe is a diverse hosiery market, with varying preferences across different countries. The market is characterized by a mix of traditional and fashion-forward hosiery products, catering to a wide range of consumer demographics. Countries like the UK, Germany, and France drive market growth with their innovative designs and quality offerings.

Middle East and Africa Hosiery Market Report

The Middle East and Africa region exhibit a growing demand for hosiery products, driven by urbanization, Western influences, and increasing female workforce participation. Countries like UAE, Saudi Arabia, and South Africa are key markets in the region, with a preference for stylish and comfortable hosiery options.

Hosiery Market Analysis Report by Technology

Technological advancements play a key role in shaping the hosiery market, with innovations in materials, design, and manufacturing processes driving product differentiation and consumer engagement. Technologies like 3D knitting, moisture-wicking fabrics, and antimicrobial treatments are gaining popularity among hosiery manufacturers, aiming to enhance product performance and comfort.

Hosiery Market Analysis Report by Product

The hosiery market offers a diverse range of products, including socks, stockings, tights, leggings, and pantyhose. Each product category caters to specific consumer needs and preferences, with varying designs, colors, patterns, and materials. Manufacturers focus on product innovation and customization to meet changing fashion trends and consumer demands.

Hosiery Market Analysis Report by Application

Hosiery products find application across various industry sectors, including fashion, healthcare, sports, and personal care. In the fashion industry, hosiery is a key accessory that complements outfits and adds style and comfort. In healthcare, compression hosiery is used for medical purposes to improve blood circulation and prevent varicose veins. Sports hosiery provides support, cushioning, and moisture management for athletes, enhancing performance and preventing injuries.

Hosiery Market Analysis Report by End-User

The hosiery market caters to diverse end-users, including men, women, and children. Each segment has unique preferences and requirements, ranging from basic everyday socks to fashion-forward stockings and specialty athletic socks. Brands and manufacturers offer a wide range of hosiery options tailored to different age groups, sizes, styles, and occasions, aiming to meet the varied needs of consumers.

Key Growth Drivers and Key Market Players of Hosiery Market

The hosiery market is driven by factors such as changing fashion trends, increasing awareness about health benefits of hosiery products, and growing demand for sustainable and eco-friendly options. Key market players in the hosiery industry include:

• 1. Hanesbrands Inc.
• 2. Wolford AG
• 3. Calzedonia Group
• 4. Golden Lady Company
• 5. Gilden Activewear Inc.

Hosiery Market Trends and Future Forecast

The hosiery market is witnessing several trends, including the rise of sustainable hosiery brands, the popularity of athleisure hosiery, and the increasing adoption of online sales channels. Future forecast for the hosiery market indicates a continued focus on product innovation, customization, and digital marketing strategies to cater to changing consumer preferences and market dynamics.

Recent Happenings in the Hosiery Market

1. Hanesbrands Inc. announced a collaboration with a renowned fashion designer to launch a limited-edition hosiery collection inspired by nature and sustainability.

2. Wolford AG introduced a new line of performance-driven hosiery products designed for active individuals, blending style and functionality for a seamless experience.

3. Calzedonia Group partnered with a popular influencer to promote its latest range of fashion-forward hosiery products through social media campaigns and community engagement initiatives.