India Kids Wear Market to Surpass USD 22.53 Billion in the Next Five Years
Increasing per capita
disposable income and awareness towards latest fashion trends are acting as key
growth drivers for India Kids Wear market through the forecast period
According
to TechSci Research report, “India Kids Wear Market By Gender (Female,
Male), By Category (Uniforms, T-Shirts/Shirts, Bottom Wear, Ethnic Wear,
Dresses, Denims, Others), By Season (Summer Wear, Winter Wear, All Season Wear),
By Sector (Organized Sector, Unorganized Sector), By Distribution Channel
(Offline {Supermarkets and Hypermarkets, Exclusive Stores, Multi-Brand Retail
Outlets, Others}, Online), By Region, Competition, Forecast &
Opportunities, FY2026”, India kids wear
market was valued USD 16.62 Billion in FY2020 and is forecast to grow at CAGR
of 5.89% through FY2026 to reach USD 22.53 Billion by FY2026. The country has observed an
entry of brands both international and domestic in the kids wear market. Rising
disposable income of the Indian working-class families and increasing presence
of foreign brands are the major factors for the growth of kids wear market in
India. In addition to brands, private labels and Indian fashion designers are
also exploring Indian market for kids wear. Moreover, awareness about
brands and latest fashion trends is not only limited to metros and Tier-I
cities in India but is scattering among Tier -II and -III cities, which is
driving the kids wear market.
Over the last decade, children
as well as parents have become increasingly brand conscious. High disposable
income and increasing peer pressure to buy branded clothes augurs well for
India Kids Wear market. Also, manufacturers and retailers are attracting
consumers through the right product assortment, better visual merchandising and
focused advertising and promotional strategies, which are hugely contributing
to the growth of the country’s Kids Wear market.
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India
kids wear market can be segmented based on gender, category, season, sector, distribution channel and
region. Based on the sector, market can be bifurcated into organized and
unorganized. The unorganized sector accounted for the
largest market share owing to their growing presence in the Indian market as
compared to the organized sector. Also, unorganized sector finds prevalence in
rural areas as well. Most of the population still cannot afford the high priced
branded apparels and hence the unorganized market is witnessing higher demand.
Major players operating in the India Kids
Wear market are Future Lifestyle Fashions Ltd., Shoppers Stop Ltd., Aditya
Birla Fashion and Retail Ltd., Arvind Fashions Ltd. (Tommy Hilfiger), Gini
& Jony Ltd., Benetton India Pvt. Ltd., Lilliput Kids Wear Ltd., Catmoss
Retail Pvt. Ltd., Indian Clothing League Pvt. Ltd., and Tiny Girl Clothing Co.
Pvt. Ltd., among others.
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“North India is the second highest revenue generator
in India Kids Wear market and the region’s share in India Kids Wear market is
projected to increase during the forecast period. Growth in demand for kids
apparels in North India can be attributed to high population density and
increasing awareness about brands and latest fashion trends. Additionally,
parents and kids in north India are majorly influenced by western culture,
Bollywood and Hollywood, and want their kids to be dressed in latest styles and
fashionable dresses. The region also houses a large number of entrepreneurs and
businessmen who prefer purchasing trendy and fashionable apparel for their kids.,” said Mr. Karan
Chechi, Research Director with TechSci Research, a research based global management
consulting firm.
“India Kids Wear Market By Gender (Female, Male), By
Category (Uniforms, T-Shirts/Shirts, Bottom Wear, Ethnic Wear, Dresses, Denims,
Others), By Season (Summer Wear, Winter Wear, All Season Wear), By Sector
(Organized Sector, Unorganized Sector), By Distribution Channel (Offline
{Supermarkets and Hypermarkets, Exclusive Stores, Multi-Brand Retail Outlets,
Others}, Online), By Region, Competition, Forecast & Opportunities, FY2026” has evaluated the future growth potential of Kids Wear
market and provides statistics & information on market size, structure and
future market growth. The report intends to provide cutting-edge market
intelligence and help decision makers take sound investment decisions. Besides,
the report also identifies and analyzes the emerging trends along with
essential drivers, challenges and opportunities in India Kids Wear market.
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