#Apparel and Footwear Market Analysis

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In the dynamic landscape of fashion, the global apparel and footwear market stand as vibrant hubs of innovation, trends, and consumer preferences. This deep dive into the apparel and footwear industry aims to unravel the intricacies, trends, and statistical insights that shape the present and future of these markets.

[trendsofmarket]

Analysis of Seam Tapes Market Size, Share, Trends, Global Report, Industry Forecast

Research Nester assesses the growth and market size of the global seam tapes market, which is anticipated to be driven by its increasing application in healthcare apparel and footwear products.

Research Nester’s recent market research analysis on “Seam Tapes Market: Global Demand Analysis & Opportunity Outlook 2037” delivers a detailed competitor’s analysis and overview of the global seam tapes market in terms of market segmentation by material type, application, end use industry, and by region.

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High Demand for Sustainable Seam Tapes in the Automotive Sector

The seam tape sales are projected to increase at a high pace owing to the growing sustainability trend. The environmentally conscious users are widely demanding sustainable seam tapes to comply with strict environmental regulations. The automotive sector is one of the major users of eco-friendly seam tapes due to the stringent rules on greenhouse gas emissions. The sustainable seam tapes are used for the fixation of interior wires and components in the vehicles that contribute to weight reduction and increase the fuel efficiency of vehicles, aiding in mitigating carbon footprint. For instance, in 2021, Bemis Associates Inc. in collaboration with DuPont Tate & Lyle Bio Products announced the launch of a ‘Bio-based Sewfree 3700’ sealant product. This product is made using a plant-based building block ‘Susterra’ by DuPont Tate & Lyle Bio Products, which helps in carbon footprint reduction.

Growth Drivers:

The rising outdoor activities such as sports are boosting high demand for waterproof and breathable seam tapes.

The growing popularity of smart textiles is fuelling the adoption of advanced seam tapes.

Challenges

The high cost of advanced seam tapes is expected to lower its sales growth to some extent in the coming years. The production of advanced sealing solutions requires significant investments in research and development activities, which drives up the overall product costs. Small and medium-sized organizations are often deterred from adopting these advanced seam sealing solutions due to their low budgets.

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Based on application, the waterproofing segment is estimated to capture 40.1% of the global market share through 2037. The use of seam tapes is high in sportswear products such as jackets and swimsuits as these offer high performance, durability, and waterproofing capabilities. They effectively eliminate water entry from needle stitches and are also resistant to moisture. The rise in outdoor activities especially sports is set to drive the sales of sports clothing and footwear, subsequently fuelling the demand for advanced seam tapes.

By region, North America is expected to account for 33.3% of the global market share through 2037. The strong presence of key market players and end use industries is substantially augmenting the sales of seam tapes in the region. North America has a high presence of early adopters who widely adopt smart textiles. This aspect is significantly contributing to the high demand for seam tapes in smart textile manufacturing for effective and reliable bonding.

This report also provides the existing competitive scenario of some of the key players of the global seam tapes market which includes company profiling of Bemis Associates Inc., 3M Company, Sealon, Himel Corp, Sattler Sun Tex GmbH, Loxy AS, Traxx Corporation, Benjamin Obdyke, Inc., Lohmann GmbH & Co.KG, Gerlinger Industries GmbH, Adhesive Films, Inc., San Chemicals Ltd, HB. Fuller Company, Wacker Chemie AG, Sika AG, PPG Industries, Huntsman Corporation, DuPont de Nemours, Inc., and OX Engineered Products.

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Research Nester is a leading service provider for strategic market research and consulting. We aim to provide unbiased, unparalleled market insights and industry analysis to help industries, conglomerates, and executives make wise decisions for their future marketing strategy, expansion investment, etc. We believe every business can expand to its new horizon, provided the right guidance at the right time is available through strategic minds. Our out-of-the-box thinking helps our clients to make wise decisions to avoid future uncertainties.

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[industrynewsupdates]

Segmentation Analysis of the Textile Recycling Market

The global textile recycling market was valued at approximately USD 4,632.4 million in 2022 and is projected to grow at a compound annual growth rate (CAGR) of 3.2% from 2023 to 2030. This growth is largely driven by rising environmental concerns regarding textile waste and increasing social awareness about the importance of textile recycling. According to the Environmental Protection Agency (EPA), around 5% of landfill space is filled with textile waste. In the United States, an estimated 25 billion pounds of textiles are produced annually, which translates to approximately 82 pounds per person. These factors are expected to significantly boost the demand for textile recycling in the coming years.

Textile waste recycling plays a crucial role in promoting environmental sustainability. One effective recycling method is upcycling, which maximizes the conservation of resources such as water, raw materials, and energy, while minimizing environmental impacts. Additionally, recycling textiles has a lower environmental footprint compared to incineration or landfill disposal. By replacing products made from virgin materials, resource recovery can yield substantial environmental benefits. All these elements are anticipated to positively influence market growth over the forecast period.

Moreover, the rising global population and increasing consumer spending capacity are likely to lead to greater textile waste generation, raising concerns about effective waste management. Many government agencies and private companies are viewing textile recycling as a viable solution to address these challenges and promote a circular economy. According to a report by the U.S. Environmental Protection Agency in 2022, the recycling rate for all textiles in the country stood at 14.7% in 2018, highlighting the potential for improvement in this sector.

Gather more insights about the market drivers, restrains and growth of the Textile Recycling Market

Source Insights

By source, the apparel waste segment represented 28.9% of the global textile recycling revenue in 2022. This segment includes waste generated from leftover fabric during manufacturing, damaged or rejected garments, and post-consumer discarded clothing and footwear. Over the past two decades, the average lifespan of new garments has significantly decreased, leading to increased waste generation within the apparel industry. These dynamics are expected to further fuel the demand for recycling within this sector.

Home furnishing waste, which encompasses textiles generated from items such as pillows, carpets, rugs, bedsheets, curtains, and sofas, is another growing segment. Increased disposable income worldwide has led to higher spending and more frequent purchases of these products, resulting in greater home furnishing waste. Factors contributing to this trend include population growth, a wider variety of home furnishings, and improved living standards, all of which generate substantial post-industrial and post-consumer waste in this category. These elements are projected to drive demand for recycling of home furnishing textiles.

The automotive waste segment is expected to grow at a CAGR of 3.3% during the forecast period. Textiles used in vehicles, including carpets, seat covers, cushions, roof liners, door liners, tires, filters, and airbags, contribute to automotive waste. The rise in vehicle ownership in developing countries is exacerbating the issue of automotive waste. Initiatives aimed at managing automotive textile waste are likely to positively impact market growth.

Stuffed toys also fall under the category of textiles suitable for recycling. According to the Secondary Materials and Recycled Textiles Association (SMART), only 15% of textiles in the U.S. are donated for reuse or recycling. Annually, the average American family discards about 324 pounds of unwanted textiles, including stuffed toys. In 2021, Bank & Vogue Ltd. successfully recycled approximately 1,400,000 pounds of toys. Additionally, SK-Tex has recycled clothing into materials for car seat upholstery filling, furniture insulation, and ECO building insulation. These trends are expected to enhance the demand for recycling initiatives focused on items such as sailing and fishing nets, insulation materials, and stuffed toys.

Order a free sample PDF of the Textile Recycling Market Intelligence Study, published by Grand View Research.

[harshnews]

AI in Fashion Market Size, Share, Trends, Growth and Competitive Outlook

"Global AI in Fashion Market – Industry Trends and Forecast to 2028

Global AI in Fashion Market, By Component (Solutions, Services), Deployment Mode (Cloud, On-Premises), Application (Product Recommendation, Product Search & Discovery, Creative Designing & Trend Forecasting, Supply Chain Management & Demand Planning, Customer Relationship Management, Virtual Assistant, Others), Category (Apparel, Footwear, Beauty & Cosmetics, Accessories, Watches, Jewellery, Others), End Users (Fashion Stores, Fashion Designers), Country (U.S., Canada, Mexico, Brazil, Argentina, Rest of South America, Germany, Italy, U.K., France, Spain, Netherlands, Belgium, Switzerland, Turkey, Russia, Rest of Europe, Japan, China, India, South Korea, Australia, Singapore, Malaysia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific, Saudi Arabia, U.A.E, South Africa, Egypt, Israel, Rest of Middle East and Africa) Industry Trends and Forecast to 2028

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The AI in Fashion market is experiencing significant growth, driven by technological advancements and the increasing demand for personalized shopping experiences. This market analysis will focus on key trends, growth drivers, challenges, and opportunities in the AI in Fashion sector.

**Segments**

- **Product Recommendation**: AI algorithms analyze customer data to provide personalized product recommendations, enhancing the shopping experience and increasing sales conversion rates. - **Visual Search**: Visual search technology allows users to search for products using images instead of text, enabling more efficient and intuitive searching for fashion items. - **Virtual Try-On**: AI-powered virtual try-on solutions enable customers to visualize how clothing items will look on them before making a purchase, reducing returns and enhancing customer satisfaction. - **Supply Chain Optimization**: AI is used to streamline supply chain operations, including demand forecasting, inventory management, and production planning, leading to cost savings and improved efficiency in the fashion industry.

**Market Players**

- **IBM**: IBM offers AI solutions for the fashion industry, including AI-powered merchandising, supply chain optimization, and personalized marketing. - **Amazon**: Amazon utilizes AI for product recommendations, inventory management, and logistics optimization in its fashion retail operations. - **SAP**: SAP provides AI-powered software solutions for fashion companies to enhance customer engagement, optimize supply chain processes, and drive business growth. - **Adobe**: Adobe offers AI-driven creative tools for fashion designers and marketers to create personalized content and enhance brand visibility. - **Stylumia**: Stylumia provides AI-powered analytics tools for fashion retailers to forecast trends, optimize inventory, and enhance product assortment.

Overall, the AI in Fashion market is poised for substantial growth as companies increasingly adopt AI technologies to enhance customer experiences, optimize operations, and drive business success. However, challenges such as data privacy concerns, implementation costs, and the need for skilled AI talent may hinder the market growth to some extent. Despite these challenges, the potential benefits of AI in transforming the fashion industry are immense, and companies that effectively leverage AI technologies are likelyThe AI in Fashion market is witnessing a significant surge in growth propelled by technological innovations and the escalating appetite for customized shopping experiences. This trend underscores a paradigm shift in the fashion industry towards more data-driven and customer-centric approaches. One of the key drivers fueling this growth is the rising adoption of AI-powered solutions to unlock new levels of efficiency, personalization, and profitability across various segments of the industry.

Product recommendation stands out as a crucial segment within the AI in Fashion landscape. By harnessing AI algorithms to analyze customer data and preferences, fashion retailers can offer tailored product recommendations that resonate with individual shoppers, thereby enhancing the overall shopping experience and boosting sales conversion rates. This level of personalization not only fosters customer loyalty but also helps in driving revenue growth for fashion brands and retailers.

Visual search technology is another notable area where AI is making a profound impact within the fashion sector. By enabling users to search for products using images rather than text, visual search streamlines the product discovery process and enhances the overall shopping journey. This intuitive and efficient searching mechanism not only facilitates faster decision-making for consumers but also empowers fashion brands to showcase their products in a visually engaging manner, thereby increasing user engagement and driving sales.

Virtual try-on solutions powered by AI have also emerged as a game-changer in the fashion industry. By leveraging augmented reality (AR) technology, virtual try-on tools allow customers to virtually try out clothing items before making a purchase, thereby reducing the likelihood of returns and enhancing overall customer satisfaction. This innovative approach not only addresses one of the key pain points in online fashion retail but also bridges the gap between the digital and physical shopping experiences, providing a more immersive and interactive shopping environment for consumers.

Furthermore, AI's role in optimizing the fashion supply chain cannot be understated. From demand forecasting and inventory management to production planning and logistics optimization, AI-driven solutions are revolutionizing the way fashion companies manage their operations. By leveraging AI algorithms to predict consumer trends, optimize inventory levels, and streamline production processes,**Global AI in Fashion Market Analysis**: - **Market Growth Drivers**: - The increasing demand for personalized shopping experiences is driving the adoption of AI solutions in the fashion industry. - Technological advancements in AI algorithms are enhancing the efficiency of product recommendation systems and supply chain operations. - Virtual try-on solutions are reducing returns and improving customer satisfaction, contributing to the market growth.

- **Market Challenges**: - Data privacy concerns regarding the collection and use of customer data by AI systems pose challenges for market players. - Implementation costs associated with deploying AI solutions in fashion operations may act as a barrier for smaller businesses. - The need for skilled AI talent to develop and maintain AI systems in the fashion industry is a challenge that needs to be addressed.

- **Opportunities in the Market**: - The potential benefits of AI in transforming the fashion industry towards more efficient and data-driven processes are vast. - Companies that effectively leverage AI technologies stand to gain a competitive edge by enhancing customer experiences and optimizing operations. - Collaboration opportunities for AI solution providers and fashion brands to co-create innovative solutions for the market.

- **Key Players and Solutions**: - IBM, Amazon, SAP, Adobe, and Stylumia offer AI-powered solutions catering to different segments of the fashion industry. - These players provide products and services for product recommendation, visual search, virtual try-on, and supply chain optimization in the fashion sector.

- **Market Trends**: -

Table of Content:

Part 01: Executive Summary

Part 02: Scope of the Report

Part 03: Global AI in Fashion Market Landscape

Part 04: Global AI in Fashion Market Sizing

Part 05: Global AI in Fashion Market Segmentation By Product

Part 06: Five Forces Analysis

Part 07: Customer Landscape

Part 08: Geographic Landscape

Part 09: Decision Framework

Part 10: Drivers and Challenges

Part 11: Market Trends

Part 12: Vendor Landscape

Part 13: Vendor Analysis

Key takeaways from the AI in Fashion Market report:

Detailed considerate of AI in Fashion Market-particular drivers, Trends, constraints, Restraints, Opportunities and major micro markets.

Comprehensive valuation of all prospects and threat in the

In depth study of industry strategies for growth of the AI in Fashion Market-leading players.

AI in Fashion Market latest innovations and major procedures.

Favorable dip inside Vigorous high-tech and market latest trends remarkable the Market.

Conclusive study about the growth conspiracy of AI in Fashion Market for forthcoming years.

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[market-insider]

Sportswear Products: Analyzing Current Market Dynamics, Size, Share, Growth Trends

The global sportswear market size is anticipated to reach USD 646.01 billion by 2030 registering a CAGR of 9.9%, according to a new report by Grand View Research, Inc. The market is driven by rise in demand for trendy and comfortable sports shoes and clothes. Increasing participation in sports and fitness activities due to rising awareness about leading a healthy lifestyle is another major factor driving the market. Fitness activities help overcome stress related issues, such as obesity, heart diseases, depression, asthma, and diabetes.

Sportswear Market Report Highlights

Sports footwear accounted for a revenue share of 64.8% in 2023 due to its essential role in various athletic activities and the significant technological advancements in this segment.

Online distribution channel segment is projected to register the fastest CAGR 11.5% from 2024 to 2030 due to increasing popularity of e-commerce and number of smartphone users along with fast-paced lifestyle

In addition, heavy discounts and easy refund option offered by online portals are driving the segment growth further

The sportswear market in North America accounted for a revenue share of 33.3% in 2023 and is projected to remain dominant throughout forecast period

For More Details or Sample Copy please visit link @: Sportswear Market Report

Asian countries like India and China offer lucrative growth opportunities to international companies. According to the Indian Union Ministry of Textiles, India’s textile and apparel exports were valued at Rs.189.56 billion for the month of November 2018 and it will grow further at a good pace. Improved living standards, low costs of manufacturing, and increasing disposable income levels in developing countries are the factors propelling the market in APAC region. The shoes segment accounted for the largest market share of 65.29% in 2018 and is projected to maintain the leading position throughout the forecast years due to rising demand for athletic shoes.

The clothes segment is expected to register the fastest CAGR from 2019 to 2025. Technological advancements in sportswear, such as use of reactive materials and fabrics that monitor heart rate, respiratory activity, and posture, are driving the growth of this segment. On the basis of end user, the market is segmented into men, women, and kids. The men segment held the largest market share of more than 50% in 2018. It is expected to remain the dominant segment throughout the estimated period. However, the women segment is projected to expand at the highest CAGR of 10.7% from 2019 to 2025.

List Of Key Players in the Sportswear Market

Nike, Inc.

Adidas AG

LI-NING Company Limited

Umbro Ltd.

Puma SE, Inc.

Fila, Inc.

Lululemon Athletica Incorporation

Under Armour

Columbia Sportswear Company

Anta Sports Products Limited, Inc.

For Customized reports or Special Pricing please visit @: Sportswear Market Analysis Report

We have segmented the global sportswear market on the basis of product, distribution channel, end-user, and region.

[actowizsolution]

Scrape Myntra 2024 Fashion Pricing - Extract Top Deals Discount

As we step into 2024, the world of fashion continues to evolve, with e- commerce platforms like Myntra leading the way in offering incredible deals and discounts across various categories. Whether you’re a fashion enthusiast looking for the latest trends or a shopper hunting for the best prices, unders.tanding Myntra pricing trends 2024 is key to making the most out of your purchases.

In this blog, we will dive deep into the top deals and discounts Myntra has to offer, explore category-wise pricing, and look at how web scraping can help you track these trends for better shopping decisions.

Myntra, a leading online fashion platform in India, continues to offer substantial discounts across various categories in 2024. Unders.tanding these trends is crucial for consumers. and retailers. alike..

Key Factors. Influencing Myntra Pricing Trends 2024

FactorDescriptionIncreased CompetitionMore e-commerce platforms entering the market, driving price down.Changing Customer PreferencesShifts towards online shopping, with consumers. seeking value for money.Seasonal Sales ImportanceKey sales events like Big Fashion Days, EORS., and festive offers. are crucial for discounting

Average Discounts by Category

CateogryAverage Discounts %Average Price Drop (INR)Key Sales EventsApparel60%Rs. 1,200Big Fashion Days,EORS, Festive SalesFootwear70%Rs. 500Big Fashion Days,Seasonal SalesAccessories40%Rs. 800Flash Sales, End SalesHome Décor50%Rs. 1,000Flash Sales, of Season Sales

Seasonal Sale Impact

Season/EventAverage Discounts %Most Popular CategoriesExpected Growth in Sales %Winter50%Apparel, Footwear20%Spring55%Ethnic Wear Accessories25%Summer40%Footwear, Casual Wear Ethnic Wear15%Festive (Diwali)70%Home Decor30%

2024 Myntra Pricing Analysis

MonthAverage Price (INR)Typical Discount (%)Key EventsJanuaryRs. 2,00030%New Year SalesFebuaryRs. 1,80040%Valentine's Day PromotionsMarchRs. 2,20050%Holi SalesAprilRs. 2,50035%Summer Sale PreparationsMayRs. 2,70045%Summer SalesJuneRs. 2,60030%Mid-Year SalesJulyRs. 2,80050%Monsoon SalesAugustRs. 3,00020%Independence Day PromotionsSeptemberRs. 2,50060%Pre-Festive SalesOctomberRs. 2,30070%Diwali SalesNovemberRs. 2,60055%Black Friday & Cyber MondayDecemberRs. 2,70040%Year-End Sales

In 2024, Myntra deals and discounts are projected to attract even more shoppers., with a 30% expected growth in sales during major events. Utilizing tools to scrape Myntra pricing data will enable effective tracking of discounts. Through meticulous Myntra product pricing analysis and Myntra category discount analysis 2024, both consumers. and retailers. can make informed decisions to maximize their savings and sales, capitalizing on the ongoing trends in the online fashion marketplace.

Myntra Deals and Discounts: What to Expect

Expected Average Discounts by Category in 2024

CategoryAverage Discount (%)Average Price Drop (INR)Peak Sale EventsApparel60%Rs. 1,200New Year SalesFootwear50%Rs. 800Valentine's Day PromotionsAccessories70%Rs. 500Holi SalesHome Decor40%Rs. 1,000Summer Sale PreparationsBags55%Rs. 600Summer SalesEthnic Wear65%Rs. 1,000Mid-Year Sales

Season Sales Impact

Season/EventsAverage Discount (%)Expected Growth in Sales (%)Winter50%20%Spring50%25%Summer40%15%Festive (Diwali)70%30%

As we step into 2024, Myntra continues to solidify its position as a frontrunner in India’s online fashion retail market, offering a plethora of deals and discounts across various categories. This year, consumers. can anticipate significant savings, driven by increased competition and the ever-changing preferences of shoppers.

One of the most notable trends is the rise of seasonal sales events, which play a crucial role in shaping the pricing landscape. Events like Big Fashion Days, End of Reason Sale (EORS.), and festive promotions are expected to yield remarkable discounts, making it vital for shoppers. to stay informed.

With these statistics in mind, it’s clear that 2024 will offer ample opportunities for shoppers. to maximize their savings. To make the most of these deals, consumers. are encouraged to monitor Myntra pricing trends 2024 and leverage tools for web scraping Myntra data to track Myntra deals and discounts effectively. By staying updated, shoppers. can ensure they never miss out on the best offers., leading to smarter purchases and better value for money.

Web Scraping Myntra Data for Insights

Unders.tanding Myntra pricing trends 2024 and maximizing deals becomes easier when you have access to data. By leveraging web scraping technology, you can automatically collect and analyze Myntra’s product pricing and discount patterns. Web scraping Myntra data enables you to:

Track Real-Time Pricing: By setting up automated scrapers., you can keep an eye on fluctuating prices and grab the best deals immediately when they drop.

Discount Monitoring: Scraping allows you to continuously track discounts across product categories, saving you time and effort. You can also compare these discounts to previous sale periods for deeper insights.

Category-Specific Data: With scraping tools, you can focus on Myntra category-wise pricing, allowing you to see which product categories are offering the best value. For instance, apparel might have higher discounts during certain times of the year compared to footwear.

Myntra Category-Wise Pricing and Discount Analysis for 2024

CategoryAverage Price (INR)Average Discount (%)Average Price Drop (INR)Key Sales EventsApparelRs. 2,50060%Rs. 1,500Big Fashion Days, EORS., Festive SalesFootwearRs. 2,00050%Rs. 1,000Seasonal SalesAccessoriesRs. 1,20070%Rs. 840Flash Sales, Year-End PromotionsHome DecorRs. 2,20040%Rs. 880Festive SalesBagsRs. 1,80055%Rs. 990Big Fashion DaysEthnic WearRs. 3,00065%Rs. 1,950Diwali Sales, Eid PromotionsActive WearRs. 2,50050%Rs. 1,250Summer SalesKids FashionRs. 1,50055%Rs. 825Back to School Sales

As Myntra gears. up for 2024, unders.tanding the category-wise pricing and discount analysis is crucial for consumers. looking to maximize their savings. With the competitive landscape of online fashion retail continuing to evolve, Myntra is expected to offer substantial discounts across various product categories, making it an attractive platform for shoppers.

The following table outlines the expected pricing trends and discount percentages across key categories for 2024, providing insights into where consumers. can find the best deals.

Key Insights

Apparel remains the most significant category with the highest average discount of 60%. Shoppers. can save around INR 1,500 during peak sales.

Accessories offer the most substantial average discount at 70%, making them a hot favorite for bargain hunters.

Ethnic Wear is expected to see notable price drops, especially during festive seasons, with an average discount of 65%.

Seasonal sales events, such as Big Fashion Days and EORS., will play a pivotal role in enhancing discounts across all categories.

By closely monitoring these Myntra category-wise pricing trends and taking advantage of key sales events, consumers. can make informed purchasing decisions and enjoy significant savings throughout 2024.

Myntra Fashion Trends 2024: What’s Hot This Year?

Fashion's TrendKey BrandsAverage Discount (%)Expected Price Drop (INR)Key Sales EventsSustainable FashionH&M , Zara, Reebok20-40%Rs. 500-1,200Earth Day Sales, Festive DiscountsAthleisureAdidas, Puma, Reebok30%-50%Rs. 700-1,500Big Fashion Days, End of SeasonTraditional WearFabindia, Biba, W60%Rs. 1,200-2,500Diwali, DussheraStreetwearNike, Vans, Convers.e30%-50%Rs. 600-1,200Summer Sales, Flash Sales

As we delve into 2024, Myntra continues to lead the way in the online fashion retail space, showcasing a vibrant blend of comfort, style, and sustainability. This year’s trends reflect changing consumer preferences, with a significant focus on eco-friendly options, casual wear, and traditional attire. Here are some of the key fashion trends to look out for:

1. Sustainable Fashion

With the growing emphasis on eco-friendly clothing, Myntra is making strides by offering discounts on sustainable brands and products. This trend is driven by conscious consumers. seeking to reduce their carbon footprint while staying stylish. Expect discounts of around 20-40% on these sustainable options.

2. Athleisure

The athleisure trend remains incredibly popular, as more people opt for casual yet stylish apparel. Brands like Adidas, Puma, and Reebok are at the forefront, with Myntra offering significant markdowns, typically ranging from 30% to 50%, especially during major sale events.

3. Traditional and Ethnic Wear

Festive seasons such as Diwali and Dussehra see a massive spike in sales for ethnic wear. Shoppers. can look forward to enormous discounts, often exceeding 60%, during these periods, making it a prime time to purchase traditional attire.

4. Streetwear

Myntra's selection of streetwear brands is expanding rapidly. Shoppers. can expect trendy items at attractive discounts ranging from 30% to 50% during sale periods, making this category a must-watch for fashion enthusiasts.

These trends, combined with attractive discounts, highlight Myntra's commitment to providing consumers. with stylish, affordable, and sustainable options. By keeping an eye on these evolving fashion trends, shoppers. can ensure they remain fashionable while enjoying great savings throughout the year.

Scrape Myntra Pricing Data for Competitive Advantage

Businesses, in particular, can benefit from the ability to scrape Myntra pricing data. This practice allows you to keep a close watch on pricing fluctuations, discount strategies, and competitor offerings. By performing a Myntra product pricing analysis, you can identify pricing strategies that are working well for competitors. and adjust your own offerings accordingly.

For instance, if your competitors. are selling a particular product at a steep discount during a Myntra sale, scraping data can help you adjust your pricing or promotional strategy in real-time to remain competitive.

2024 Myntra Price Comparison: Analyzing Competitor Pricing

As Myntra continues to dominate the online fashion retail landscape in 2024, unders.tanding how its pricing stacks up against competitors. is essential for consumers. seeking the best deals. With numerous players. in the market, including Amazon Fashion, Flipkart, and Ajio, price comparison has become a vital tool for savvy shoppers. This analysis provides insight into how Myntra’s prices compare across various categories against its competitors.

Key Insights into Pricing Trends

CategoryMyntra Average Price (INR)Amazon Average Price (INR)Flipkart Average Price (INR)Ajio Average Price (INR)Average Discount (%)ApparelRs. 2,500Rs. 2,800Rs. 2,600Rs. 2,70050%FootwearRs. 1,800Rs. 2,000Rs. 2,200Rs. 2,10045%AccessoriesRs. 1,200Rs. 1,500Rs. 1,300Rs. 1,40060%Home DecorRs. 2,200Rs. 2,250Rs. 2,300Rs. 2,40030%

Apparel: Myntra often offers. competitive prices in the apparel category, especially during seasonal sales. Compared to Amazon Fashion and Flipkart, Myntra frequently features larger discounts, making it a preferred destination for clothing.

Footwear: When it comes to footwear, Myntra’s pricing is generally lower than that of Ajio and Amazon. This can be attributed to exclusive collaborations with brands and strategic discounts during sales events.

Accessories: Myntra leads in the accessories segment, providing deeper discounts compared to competitors., particularly during festival sales.

Home Decor: While Myntra has expanded its home decor line, its pricing remains comparable to Flipkart, with occasional special promotions.

The 2024 Myntra price comparison reveals that Myntra maintains a competitive edge, particularly in apparel and accessories, where its discounts are more substantial than those offered by Amazon, Flipkart, and Ajio. As seasonal sales approach, consumers. can capitalize on these pricing advantages to make informed purchasing decisions. By continuously monitoring competitor pricing, shoppers. can ensure they are getting the best value for their money in the ever-evolving online fashion marketplace.

Conclusion: How to Maximize Myntra Discounts in 2024

By staying on top of Myntra pricing trends 2024, you can ensure that you’re always getting the best deals on fashion, footwear, and accessories. Whether you’re a savvy shopper looking for pers.onal bargains or a business analyzing competitors., web scraping tools can help you track Myntra discounts using web scraping and make informed decisions..

For businesses, scraping tools offer a competitive edge by providing real- time data for Myntra product pricing analysis. From discount monitoring to Myntra category discount analysis 2024, you’ll have all the insights you need to stay ahead in the fast-moving world of fashion.

Unlock the full potential of Myntra pricing trends and discounts with Actowiz Solutions’ expert web scraping solutions. Contact us today to gain real-time insights into fashion trends and pricing! You can also reach us for all your mobile app scraping, data collection, web scraping, and instant data scraper service requirements!

[industryinsightsandanalysis]

Biobased Leather Market: Current Analysis and Forecast (2024-2032)

According to the UnivDatos Market Insights analysis, “Biobased Leather Market” report, the global market was valued at USD 680.6 Million in 2023 and is growing at a CAGR of 6.33% during the forecast period from 2024 – 2032.

The market for bio-based leather is undergoing rapid growth because of the growing demand for eco-friendly products. It is widely used as the sustainable alternative to animal leather which presents numerous issues to resources and environment used in apparel, automotive, furniture, and other industries. This ranges from the adoption of new technologies, demographic factors, and political measures taken to combat pollution by different companies.

North America

North America is the one that has been rapidly increasing its bio-based leather market with countries such as the U. S and Canada leading the production. The existence of a favorable innovation ecosystem, a highly conscious buyer profile, and the predominant emphasis on sustainability make the area vital for the BB leather market.

Consumer Awareness and Demand:

The sustainability and eco-friendliness of products are particularly important to consumers in North America, mainly millennials and Gen Z, especially in the fashion and automotive industries. Bio-based leather, which is a vegan material and originates from plants, mushrooms, or agricultural waste, is popular with this group of people. Brands in North America are also adjusting to this trend by using bio-based materials in their products leaning towards athletics, footwear, garments, and accessories.

Automotive Industry Shifts:

The demand for bio-based leather is primarily influenced by the rising electro-mobility market, especially in the Asia Pacific region. The use of bio-based materials for making car interiors as an alternative to animal leather is being considered by EV makers such as Tesla and Rivian. Move towards EVs and increased stringency of environmental norms enhance the use of bio-based content in the automotive industry.

Regulatory Environment:

North America involves a rising influence of regulators on cutting the emissions of carbon and the impact on the environment. California and other states are promoting even higher standards of sustainability for fashion and car manufacturers. These regulations have made manufacturers source for environmentally friendly material and this has opened up a lucrative market for bio-based leather manufacturers.

Europe

Currently, the market for bio-based leather is dominated by Europe due to factors such as high business standards concerning the environment, innovation, and the general high level of awareness of the customer towards the environment. At the moment, Germany, France, and the UK among other countries are on the frontline in the adoption of sustainable substitutes in various sectors.

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Strong Regulatory Support:

Europe’s stringent environmental legislation is another key driver that fuels market growth. This is evidenced by the European Union Green Deal among other sustainability initiatives that are pressuring firms to lower their carbon footprint and adopt green power. The European Commission has implemented the Circular Economy Action Plan, especially in the fashion industry to achieve long-life products and less harmful materials such as bio-based leather. This regulation framework promotes the establishment of bio-based leather production using rewards.

Fashion Industry Adoption:

Nearly all the famous fashion companies backed by luxurious labels are found in Europe and many of them are already in the process of transitioning to sustainable fashion. Therefore, luxurious brands like Stella McCartney, Hermès, and Gucci, among others are developing their strategies for the relationship between sustainable fashion materials and bio-based leathers.

Automotive Industry Focus:

In addition to fashion, automakers in Europe have shifted to bio-based leather particularly due to consumer concern about the interiors of the cars. Current developments to reduce the detrimental effects of automobile production on the environment include European automobile companies such as BMW, and Mercedes Benz that are gradually incorporating biomaterials into the interior of their automobiles.

Asia-Pacific

The Asia-Pacific region is identified to have a high potential for demand for bio-based leather due to growing customer awareness, urbanization, and industrialization in the Pacific region. Some of the key markets in this emerging industry are China India and Japan, which are expected to experience a higher rise in demand for sustainable materials as compared to North America and Europe.

Consumer Trends and Demand:

Currently, consumers in the Asia-Pacific region are becoming increasingly conscious of sustainability and products labeled as environmentally friendly, especially among the populations living in large cities. The younger generations are more sensitive to the environmental consequences of their purchases as observed in the Japanese and South Korean markets. Therefore, the demand for bio-based leather is rising in the region’s fashion and automotive industries.

Fashion Industry Growth:

There has been a shift in fashion materials in Asia-Pacific with a relatively big emphasis on sustainability. Clothing and accessories are one of the largest sectors in the region due to being a global hub for textile manufacturing and there is a higher demand for using bio-based materials in clothing and accessories. Many regional brands are beginning to consider bio-based leather since the material is slowly gaining acceptance in the luxury segments and the progressively mindful consumer while the mass market adoption is yet to fully actualize.

Automotive Industry Opportunities:

The use of sustainable materials in the automotive sector has also been adopted in the Asia-Pacific region especially in China and Japan as the sector shifts towards EVs to curb emissions of carbon. Bio-based Leather is viewed as a green product for car makers who are under pressure to reduce the environmental impact. Analyzing this condition it is necessary to state that, as it is known, China is the largest consumer of electric vehicles, and there is a potential for the application of bio-based leather in the automotive field.

Conclusion:

The market for bio-based leather is evolving across the globe and is set to experience significant growth due to technology analysis, spending propensity, consumer needs, and advanced regulatory-compliant development. Europe is most advanced with sustainability and innovation, followed by North America’s using bio-based materials, especially in the fashion and automotive industries. Asia-Pacific is an emerging economy with growth opportunities because of the awareness among buyers and the evolution of industries. With sustainability becoming a pressing issue globally, the market of bio-based leather will expand in all areas and will be useful for a more sustainable future.

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[businessindustry]

Tennis Wear Market Report, Size, Share 2024 to 2032 by Reports and Insights

The Reports and Insights, a leading market research company, has recently releases report titled “Tennis Wear Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2024-2032.” The study provides a detailed analysis of the industry, including the global Tennis Wear Market, size, trends, and growth forecasts. The report also includes competitor and regional analysis and highlights the latest advancements in the market.

Report Highlights:

How big is the Tennis Wear Market?

The global tennis wear market size reached US$ 2.1 billion in 2023. Looking forward, Reports and Insights expects the market to reach US$ 2.8 billion in 2032, exhibiting a growth rate (CAGR) of 3.1% during 2024-2032.

What are Tennis Wear?

Tennis wear consists of athletic clothing specifically designed to enhance performance and comfort during tennis activities. This apparel usually includes moisture-wicking shirts, breathable shorts or skirts, and supportive tennis shoes with durable soles for optimal grip on the court. Designed to offer flexibility, freedom of movement, and effective temperature control, tennis wear helps players stay cool and comfortable while they play. Additionally, contemporary tennis wear often combines functionality with style, featuring advanced fabrics and stylish designs to meet the needs of both amateur and professional athletes.

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What are the growth prospects and trends in the Tennis Wear industry?

The tennis wear market growth is driven by various factors and trends. The tennis wear market is expanding as more people engage in tennis and seek high-performance athletic apparel. This market encompasses a variety of clothing designed for both comfort and functionality, including moisture-wicking shirts, breathable shorts and skirts, and durable tennis shoes. Growth in the market is fueled by advancements in fabric technology that enhance performance, as well as by the increasing popularity of tennis as both a recreational and competitive sport. Fashion trends also play a role, with consumers looking for stylish yet practical tennis wear. As the demand for quality tennis apparel rises among players of all levels, the market continues to grow with a wide range of options to suit different needs and tastes. Hence, all these factors contribute to tennis wear market growth.

What is included in market segmentation?

The report has segmented the market into the following categories:

By Product Type:

Tennis Apparel

Tops/Shirts

Shorts

Skirts/Dresses

Pants/Leggings

Jackets/Sweatshirts

Others

Tennis Footwear

Tennis Shoes

Socks

Tennis Accessories

Tennis Bags

Caps/Hats

Wristbands/Headbands

Gloves

Others

By Gender:

Men's Tennis Wear

Women's Tennis Wear

Unisex Tennis Wear

Kids' Tennis Wear

By Distribution Channel:

Online Retail

Offline Retail

Sports Retail Stores

Specialty Stores

Department Stores

Others

Market Segmentation By Region:

North America:

United States

Canada

Latin America:

Brazil

Mexico

Argentina

Rest of Latin America

Asia Pacific:

China

India

Japan

Australia & New Zealand

ASEAN

Rest of Asia Pacific

Europe:

Germany

The U.K.

France

Spain

Italy

Russia

Poland

BENELUX

NORDIC

Rest of Europe

Middle East & Africa:

Saudi Arabia

United Arab Emirates

South Africa

Egypt

Israel

Rest of MEA

Who are the key players operating in the industry?

The report covers the major market players including:

Nike, Inc.

Adidas AG

Under Armour, Inc.

FILA Holdings Corp.

Lululemon Athletica Inc.

Lacoste S.A.

ASICS Corporation

Wilson Sporting Goods Co.

HEAD NV

Babolat VS S.A.

New Balance Athletics, Inc.

Puma SE

Yonex Co., Ltd.

Lotto Sport Italia S.p.A.

Diadora Sport S.p.A.

Others

View Full Report: https://www.reportsandinsights.com/report/Tennis Wear-market

If you require any specific information that is not covered currently within the scope of the report, we will provide the same as a part of the customization.

About Us:

Reports and Insights consistently mееt international benchmarks in the market research industry and maintain a kееn focus on providing only the highest quality of reports and analysis outlooks across markets, industries, domains, sectors, and verticals. We have bееn catering to varying market nееds and do not compromise on quality and research efforts in our objective to deliver only the very best to our clients globally.

Our offerings include comprehensive market intelligence in the form of research reports, production cost reports, feasibility studies, and consulting services. Our team, which includes experienced researchers and analysts from various industries, is dedicated to providing high-quality data and insights to our clientele, ranging from small and medium businesses to Fortune 1000 corporations.

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[priyankap0018]

Footsteps of Fashion: Brazil's Apparel Evolution

The apparel and footwear market growth rate continues its robust increase, with a steady upward trajectory. Fueled by evolving consumer preferences, innovative designs, and a rising global population, the industry's growth rate remains impressive. Embracing technology and sustainability, the market is poised for sustained expansion, captivating fashion enthusiasts worldwide.

[inayaxx55]

Global Toddler Wear Market 2024 Key Players, Analysis, Share, Trends And Forecast To 2034

The Toddler Wear market report offered by Reports Intellect is meant to serve as a helpful means to evaluate the market together with an exhaustive scrutiny and crystal-clear statistics linked to this market. The report consists of the drivers and restraints of the Toddler Wear Market accompanied by their impact on the demand over the forecast period. Additionally, the report includes the study of prospects available in the market on a global level.

With tables and figures helping evaluate the Global Toddler Wear market, this research offers key statistics on the state of the industry and is a beneficial source of guidance and direction for companies and entities interested in the market. This report comes along with an additional Excel data-sheet suite taking quantitative data from all numeric forecasts offered in the study.

Get Sample PDF Brochure @ https://www.reportsintellect.com/sample-request/894423

Key players offered in the market: Carter's Burberry Nike Zara Benetton Adidas Armani Gap Gucci Balabala LVMH Haohaizi

Additionally, it takes account of the prominent players of the Toddler Wear market with insights including market share, product specifications, key strategies, contact details, and company profiles. Similarly, the report involves the market computed CAGR of the market created on previous records regarding the market and existing market trends accompanied by future developments. It also divulges the future impact of enforcing regulations and policies on the expansion of the Toddler Wear Market.

Scope and Segmentation of the Toddler Wear Market

The estimates for all segments including type and application/end-user have been provided on a regional basis for the forecast period from 2024 to 2034. We have applied a mix of bottom-up and top-down methods for market estimation, analyzing the crucial regional markets, dynamics, and trends for numerous applications. Moreover, the fastest & slowest growing market segments are pointed out in the study to give out significant insights into each core element of the market.

Toddler Wear Market Type Coverage: - Apparel Footwear Others

Toddler Wear Market Application Coverage: - Online Offline

Regional Analysis:

North America Country (United States, Canada) South America Asia Country (China, Japan, India, Korea) Europe Country (Germany, UK, France, Italy) Other Countries (Middle East, Africa, GCC)

Discount PDF Brochure @ https://www.reportsintellect.com/discount-request/894423

The comprehensive report provides:

Complete assessment of all opportunities and threats in the global market.

Toddler Wear Market recent advancements and major events.

A thorough study of business policies for the growth of the Toddler Wear Market leading players.

Concluding study about the growth plot of Toddler Wear Market for upcoming years.

Detailed understanding of Toddler Wear Market particular drivers, restraints, and major micro markets.

Favorable impression inside vital technological and market latest trends hitting the Toddler Wear Market.

Reasons to Purchase Toddler Wear Market Research Report

Develop a competitive approach based on the competitive landscape

Build business strategy by identifying the high growth and attractive Toddler Wear market classifications

Identify potential business partners, gaining targets and business buyers

Design financial investment policies based on estimated high potential segments

Prepare management and tactical presentations using the Toddler Wear market data

Plan for new product promotion and portfolio in advance

Contact Us: sales@reportsintellect.com Phone No: + 1-706-996-2486 US Address: 225 Peachtree Street NE, Suite 400, Atlanta, GA 30303

[harshnews]

AI in Fashion Market Size, Share, Key Drivers, Trends, Challenges and Competitive Analysis

"Global AI in Fashion Market – Industry Trends and Forecast to 2028

Global AI in Fashion Market, By Component (Solutions, Services), Deployment Mode (Cloud, On-Premises), Application (Product Recommendation, Product Search & Discovery, Creative Designing & Trend Forecasting, Supply Chain Management & Demand Planning, Customer Relationship Management, Virtual Assistant, Others), Category (Apparel, Footwear, Beauty & Cosmetics, Accessories, Watches, Jewellery, Others), End Users (Fashion Stores, Fashion Designers), Country (U.S., Canada, Mexico, Brazil, Argentina, Rest of South America, Germany, Italy, U.K., France, Spain, Netherlands, Belgium, Switzerland, Turkey, Russia, Rest of Europe, Japan, China, India, South Korea, Australia, Singapore, Malaysia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific, Saudi Arabia, U.A.E, South Africa, Egypt, Israel, Rest of Middle East and Africa) Industry Trends and Forecast to 2028

Access Full 350 Pages PDF Report @

The AI in fashion market is experiencing significant growth due to the increasing demand for personalized shopping experiences, improved supply chain management, and enhanced customer service. Several factors are driving the adoption of AI in the fashion industry, including the need to optimize operations, reduce costs, and enhance customer engagement. AI technologies such as machine learning, computer vision, and natural language processing are being used to analyze consumer preferences, forecast trends, and automate tasks in the fashion sector. This has resulted in more efficient inventory management, targeted marketing campaigns, and seamless online shopping experiences for customers.

**Segments**

- **Product Recommendation:** AI algorithms are being used to analyze customer data and behavior to provide personalized product recommendations, leading to increased sales and customer satisfaction. - **Visual Search:** Visual search technology enables users to search for products using images rather than text, making the shopping experience more intuitive and convenient. - **Virtual Try-On:** AI-powered virtual try-on tools allow customers to visualize how clothing items will look on them before making a purchase, reducing returns and improving customer confidence. - **Supply Chain Optimization:** AI is being used to streamline supply chain processes, from demand forecasting and inventory management to logistics and distribution, leading to cost savings and improved operational efficiency.

**Market Players**

- **IBM:** IBM offers AI solutions for the fashion industry, including tools for demand forecasting, inventory optimization, and personalized marketing. - **Amazon:** Amazon utilizes AI for product recommendations, inventory management, and logistics optimization to enhance the shopping experience for customers. - **Adobe:** Adobe provides AI-powered tools for image recognition, customer segmentation, and personalized content creation for fashion brands. - **SAP:** SAP offers AI solutions for supply chain management, demand planning, and customer engagement to help fashion companies improve efficiency and drive growth.

Overall, the AI in fashion market is poised for continued growth as fashion brands and retailers increasingly leverage AI technologies to enhance their operations and deliver more personalized and engaging experiences to customers. The combination of AI capabilities such as data analytics, automation,The AI in fashion market is witnessing a significant surge in growth driven by various factors that are reshaping the industry landscape. One of the key drivers propelling this growth is the rising demand for personalized shopping experiences. With AI-powered algorithms analyzing consumer data and behavior, fashion brands can offer tailored product recommendations to customers, ultimately boosting sales and enhancing customer satisfaction. Additionally, the integration of AI technologies such as machine learning and natural language processing enables fashion retailers to understand customer preferences better and deliver more targeted marketing campaigns. This personalized approach not only improves customer engagement but also fosters brand loyalty in an increasingly competitive market.

Another crucial aspect contributing to the expansion of the AI in fashion market is the need for enhanced supply chain management. By leveraging AI for demand forecasting, inventory optimization, and logistics management, fashion companies can streamline their operations, reduce costs, and improve overall efficiency. The implementation of AI-driven solutions in supply chain processes leads to better inventory management practices, reduced lead times, and optimized distribution networks, ultimately resulting in significant cost savings for fashion brands.

Moreover, AI technologies are revolutionizing the way customers interact with fashion brands online through innovations such as visual search and virtual try-on tools. Visual search capabilities enable users to search for products using images, providing a more intuitive and seamless shopping experience. On the other hand, virtual try-on tools powered by AI allow customers to virtually try on clothing items, enabling them to visualize how these products would look on them before making a purchase. This not only reduces the likelihood of returns but also increases customer confidence and satisfaction, ultimately enhancing the overall shopping experience.

In terms of market players, industry giants such as IBM, Amazon, Adobe, and SAP are at the forefront of driving innovation and shaping the future of AI in the fashion industry. These companies offer a range of AI-powered solutions that cater to various aspects of the fashion value chain, from demand forecasting and inventory optimization to personalized marketing and supply chain management. By integrating AI technologies into their offerings, these market players are empowering fashion brands**Global AI in Fashion Market, By Component (Solutions, Services), Deployment Mode (Cloud, On-Premises), Application (Product Recommendation, Product Search & Discovery, Creative Designing & Trend Forecasting, Supply Chain Management & Demand Planning, Customer Relationship Management, Virtual Assistant, Others), Category (Apparel, Footwear, Beauty & Cosmetics, Accessories, Watches, Jewellery, Others), End Users (Fashion Stores, Fashion Designers), Country (U.S., Canada, Mexico, Brazil, Argentina, Rest of South America, Germany, Italy, U.K., France, Spain, Netherlands, Belgium, Switzerland, Turkey, Russia, Rest of Europe, Japan, China, India, South Korea, Australia, Singapore, Malaysia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific, Saudi Arabia, U.A.E, South Africa, Egypt, Israel, Rest of Middle East and Africa) Industry Trends and Forecast to 2028**

The global AI in fashion market is witnessing a significant surge in growth driven by various factors that are reshaping the industry landscape. One of the key drivers propelling this growth is the rising demand for personalized shopping experiences. With AI-powered algorithms analyzing consumer data and behavior, fashion brands can offer tailored product recommendations to customers, ultimately boosting sales and enhancing customer satisfaction. Additionally, the integration of AI technologies such as machine learning and natural language processing enables fashion retailers to understand customer preferences better and deliver more targeted marketing campaigns. This personalized approach not only improves customer engagement but

Table of Content:

Part 01: Executive Summary

Part 02: Scope of the Report

Part 03: Global AI in Fashion Market Landscape

Part 04: Global AI in Fashion Market Sizing

Part 05: Global AI in Fashion Market Segmentation By Product

Part 06: Five Forces Analysis

Part 07: Customer Landscape

Part 08: Geographic Landscape

Part 09: Decision Framework

Part 10: Drivers and Challenges

Part 11: Market Trends

Part 12: Vendor Landscape

Part 13: Vendor Analysis

Key takeaways from the AI in Fashion Market report:

Detailed considerate of AI in Fashion Market-particular drivers, Trends, constraints, Restraints, Opportunities and major micro markets.

Comprehensive valuation of all prospects and threat in the

In depth study of industry strategies for growth of the AI in Fashion Market-leading players.

AI in Fashion Market latest innovations and major procedures.

Favorable dip inside Vigorous high-tech and market latest trends remarkable the Market.

Conclusive study about the growth conspiracy of AI in Fashion Market for forthcoming years.

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[industrynewsupdates]

Socks Market Size, Share, Growth Analysis And Forecast 2024 - 2030

The global socks market size was valued at USD 47.08 billion in 2023 and is anticipated to grow at a compound annual growth rate (CAGR) of 6.8% from 2024 to 2030. 

The increasing prominence of maintaining formal clothing amongst white-collar professionals on a universal level is anticipated to play a vital role in boosting market growth. Furthermore, growing spending on health as well as fitness amongst adults is anticipated to prompt the demand for different shoe accessories that include sports socks and ankle socks. Over the last couple of years, different healthcare professionals have increased their spending on publishing several research papers on keeping the healthy foot in light of growing occurrences of foot disorders related to diabetes.

Gather more insights about the market drivers, restrains and growth of the Socks Market

Thus, the growing concerns over effects related to foot ulcers amongst diabetic patients are anticipated to endorse the usefulness of innovative sock alternatives as a foot-caring medium over the forecast period. Some of the companies including Dr. Oxyn and Podolite have launched customized diabetic socks to reduce the risk of foot ulcers, which act as a root cause of infections, or possible amputation. Increasing penetration of corporate offices in emerging economies including China, Bangladesh, India, and Mexico as a result of supportive policies to promote investments at domestic levels is expected to remain a favorable factor for the industry. Increasing demand for footwear other than shoes, such as sandals and slippers, is hindering the growth of the market.

The growing demand for specialized socks, such as compression socks for improved circulation, grip socks for enhanced stability during workouts, and waterproof socks for outdoor activities, reflects a shift towards functional and performance-oriented apparel. Consumers are increasingly valuing innovative features that cater to specific needs, driving the popularity of these specialized sock types and contributing to the overall growth of the socks market.

The rising prevalence of diabetes is fueling demand for diabetic socks in the market, designed to provide extra cushioning, seamless construction, and moisture-wicking properties, addressing specific foot care needs, and reducing the risk of complications in diabetic individuals. According to the World Health Organization, approximately 422 million people globally, predominantly in low- and middle-income countries, suffer from diabetes, with the disease directly causing 1.5 million deaths each year. Over recent decades, there has been a consistent increase in both the prevalence and incidence of diabetes.

The rising demand for specialized socks along with the increasing awareness about fitness & health in various regions will bring development opportunities for the market. The COVID-19 pandemic has largely impacted the global socks industry, as demand for the product has decreased largely. With movement being stopped to a large extent, socks sales have been drastically impacted. However, top companies in the industry are hopeful; as many are reinventing their product lines and most of them have utilized the lockdown period to innovate their production and retail approach. Furthermore, the increasing penetration of smartphone users in these countries has forced the socks manufacturers to launch their product variants at discounted prices, along with various value-added services including cash-on-delivery services.

This is further expected to drive the global market over the forecast period. In addition, many governments all over the globe are promoting adventurous sports tourism, such as camping, which is also contributing to the market growth. The increasing necessity of multiple footwear products by urban customers is another major factor driving the market. Moreover, the increasing trend of athletic shoes along with athletic celebrity endorsement by top brands is driving the market growth. It has been seen that customers are buying high-quality socks to use during gym training as well as outdoor sports activities.

Socks Market Report Segmentation

Grand View Research has segmented the global socks market report on the basis of product, end user, distribution channel, and region.

Product Outlook (Revenue, USD Million, 2018 - 2030)

• Casual

• Formal

• Athletic

Raw Material Outlook (Revenue, USD Million, 2018 - 2030)

• Cotton

• Nylon

• Wool

• Others

End-user Outlook (Revenue, USD Million, 2018 - 2030)

• Men

• Women

• Children

Distribution Channel Outlook (Revenue, USD Million, 2018 - 2030)

• Hypermarkets and Supermarket

• Convenience Store

• Online

• Others

Regional Outlook (Revenue, USD Million, 2018 - 2030)

• North America

• Europe

• Asia Pacific

• Central & South America

• Middle East & Africa

Browse through Grand View Research's Clothing, Footwear & Accessories Industry Research Reports.

• The global safety eyewear market size was estimated at USD 4.00 billion in 2023 and is expected to grow at a CAGR of 4.0% from 2024 to 2030. 

• The global sportswear market size was valued at USD 335.92 billion in 2023 and is expected to grow at a CAGR of 9.9% from 2024 to 2030.

Key Companies & Market Share Insights

The global socks market is characterized by the presence of a few well-established players and several local and regional players. Some top players in this market are as Nike Inc.; Puma S.E.; Adidas A.G.; Asics Corp.; Skechers USA, Inc.; Hanesbrands Inc.; Under Armour, Inc.; VF Corp.; Jockey International Inc.; Drymax Technologies Inc. Key players vie for market share by emphasizing sustainability, performance enhancements, and unique style propositions to capture consumer attention in this dynamic and fashion-forward industry.

Key Socks Companies:

The following are the leading companies in the socks market. These companies collectively hold the largest market share and dictate industry trends. Financials, strategy maps & products of these socks companies are analyzed to map the supply network.

• Nike Inc.

• Puma S.E.

• Adidas A.G.

• Asics Corporation

• Skechers USA, Inc.

• Hanesbrands Inc.

• Under Armour, Inc.

• VF Corporation

• Jockey International Inc.

• Drymax Technologies Inc.

Recent Developments

• In January 2024, Puma S.E. announced the opening of its latest Dubai store at the popular City Walk location in UAE. The store is the company’s fourth store to open in the UAE 2024 and will feature some of the most popular products of the brand.

• In December 2023, Under Armour, Inc. opened its first outlet store at the O2 multipurpose indoor arena in London, UK.Designed as part of the brand's new Factory House retail concept, the 3,949-square-foot store offers a selection of sportswear, shoes and accessories.

• In December 2023, Nike Inc. partnered with STÜSSY, an apparel company, to introduce the Stüssy x Nike Air Flight 89 collection, encompassing a range of hoodies, jackets, tops, sweatpants, and socks. The collection highlighted timeless DRIFIT socks adorned with uncomplicated contrast branding on the sock ribbing.

• In November 2022, Jockey International Inc. unveiled its 10th Exclusive Brand store in the UAE, marking a strategic move to enhance its retail presence and drive accelerated growth by strengthening market penetration in the region. This expansion underscores the company's commitment to catering to a broader consumer base in the UAE.

Order a free sample PDF of the Socks Market Intelligence Study, published by Grand View Research.