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Global Hosiery Market Research Report - Trend, Opportunity, Development, Growth and Demand Forecast to 2023
Hosiery Market
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With the up surging urbanization and growing disposable income, the living standard of people has also been enhancing. The growing purchasing power of middle class consumers is expected to benefit the global market during the forecast period. The fashion industry has been growing at a significant pace. The consumers are demanding for fashionable intimate apparels and hosiery products.
Fitness is a major attribute in hosiery products, which is demanded by consumers in the age group 30 – 60 years. The consumers in this age group want to look young, although they are in the aging phase. The hosiery products enhance their appearance to give them fit and younger look. The demand of hosiery products has also been increasing among plus-size or obese consumers, as they want to look fit.
The growing e-commerce industry is promoting the growth of the global hosiery market. The reduced shopping time of consumers is the key reason for the growth of the e-commerce market. The consumers’ time spent on apparel shopping has also been declining, specifically for intimate apparel. This has also increased the sales of hosiery products through online channels. The innovation in hosiery products is propelling the growth of the global market.
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China is the largest producer of hosiery products globally. The hosiery market in India is also growing at a considerable rate. The major players in the global market include Hanesbrands Inc., Golden Lady Company SpA, Gildan Activewear Inc., Jockey International, CSP International, Keyser-Roth Corporation, Gold Toe Brands Inc., Iconix Brand Group Inc.
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