Innovations in Aesthetics Coupled with Functional & Performance Feature Enhancements to Drive Increased Acceptance of Specialized Hosiery Products Among the Middle Class Population
The global market for Hosiery (Women and Men) is projected to reach US$62.8 billion by 2024 , driven by expanding consumer base supported by the growing population of affluent middle class, technology innovations and continuous product enhancements in aesthetics and functional performance. Hosiery generally refers to knitted legwear or tight fitting garments, particularly worn on feet and legs to protect from cold, and injuries. Hosiery is one part of the wardrobe which is a regular purchase for a large percentage of consumers. Although worn by both women and men, women dominate as the largest users of hosiery. The category also enjoys year-round demand and there is no seasonality. Hosiery also finds place in the fitness industry, where they are used to prevent the likelihood of muscle damage and to enhance blood circulation. Besides favorable demographics, innovations in functional features and aesthetics continue to drive market gains. Rising consciousness of personal grooming...