The global hosiery market size is expected to reach USD 44.2 billion by 2025, according to a new report by Grand View Research, Inc., expanding at a CAGR of 4.0% over the forecast period. Shifting inclination of the consumers towards apparel with excellent functional and fashionable characteristics is expected to promote the use of hosiery. It has been observed that many hosiery products are used by the people who are suffering from varicosities and leg disorders.
Rising fitness enthusiasts at the global level as a result of increased number of campaigns through social media and satellite channels on healthy lifestyle is expected to promote the use of hosiery products as a comfortable product, which protect legs during workout. Furthermore, fitness professionals and athletes prefer hosiery over cotton socks due to the former’s ability to increase the blood flow. Rising number of sports professionals in developing countries including China, India, South Korea, Brazil, and Mexico owing to improvement in sports infrastructure at the domestic level is expected to expand the scope for hosiery over the next few years.
The men application segment is expected to expand at the fastest CAGR of 4.5% from 2019 to 2025. A large number of population is suffering from different types of leg circulation problems, including venous insufficiency and skin color change. Such population prefers to use long length skin color products for trendy and normal leg looks. Key manufacturers are working on product innovation and improvement to get a competitive advantage in the market. For instance, winter and wet tights offered by Stolen Goat Ltd. received tremendous response from the consumers as these tights are specially designed to wear when temperature goes below 6 degrees. Buyers can comfortably enjoy their activity with this product.
Browse Details of Report @ https://www.grandviewresearch.com/industry-analysis/hosiery-market
Some of the major companies operating in this market are Gildan Activewear; Hanesbrands; Spanx, Inc.; Golden Lady; Adidas America Inc.; Jockey; Golden Lady SpA; and Carolina hosiery. The industry participants are expected to increase the spending on new product developments in order to gain the maximum market share.