India Apparel & Footwear Market Forecast to Reach USD 109 Billion Mark by 2030

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The India Apparel & Footwear Market size was valued at around USD 67.32 billion and is projected to reach USD 109 billion by 2030. Along with this, the market is estimated to grow at a CAGR of around 8.45% during the forecast period, i.e., 2025-30, cites MarkNtel Advisors in the recent research report. One of the major factors contributing to the growth in demand for apparel & footwear is ever-changing consumer buying behaviors, which are influenced by social media platforms like Instagram, MX TakaTak, etc., in India. With the growing impact of social media & changing trends in the apparel industry, consumer spending on buying clothes & footwear has surged significantly over historical years.

Furthermore, apparel & footwear a highly competitive and dynamic industry, which has spurred retailers across the country to expand. Several retailers like Go Fashion, Metro Brands, and Nykaa have started opting for strategies to raise funds to utilize them for expansion purposes. Expansion of retail presence is quite critical in the fashion industry in order to create brand awareness among consumers. Hence, with fundraising, several brands like Go Fashion, Aditya Birla Fashion & Retail, etc., have been expanding their retail presence across the country over the past few years.

Moreover, India is one of the largest producers of textile raw materials like cotton, jute, and silk, which help in enhancing the production of apparel & footwear across the country. Moreover, with the enhanced local production, the cost of clothing is also economical, which further supports the market growth in India. In addition, fashion retailers have been making agreements with e-commerce retailers such as Myntra, Flipkart, and Amazon to expand their online presence as well. Additionally, most retailers are also launching their online websites, in line with expanding their online retail presence. Hence, the growth of e-commerce sales across India & the expansion of retailers over the online segment are anticipated to uplift the market growth in the forecasted years, further states the research report, “India Apparel & Footwear Market Analysis, 2025.”

India Apparel & Footwear Market Segmentation Analysis

With the Benefits of Try & Buy, Store-based Retailing Dominated the Market

Based on the distribution channel segment, the market is further bifurcated into store-based retailing and non-store retailing

Among them, Store-based Retailing witnessed a major growth in the historical years, owing to the growing consumer preference towards the quality check of the clothes. In India, most people prefer to try on clothing before making a purchase, which has given physical retail stores a significant amount of importance. Although the number of online platforms has grown since the pandemic and is experiencing expansion in terms of reach, store-based retailing continues to offer customer-centric experiences. As a result, the growing expansion of retail stores & enhanced consumer preference to try on any apparel or footwear before buying to ensure the right fit & size are driving the growth of store-based retailing in India.

Rising Inclination Towards Fast Fashion to Boost the Sales of Apparel

Based on the category, the market is bifurcated into the Apparel Category & Footwear. Of them, apparel witnessed considerable growth in historical years owing to the changing consumer preference towards their clothing style & fashion statement. The clothing choices that were deeply rooted in the vastness & complexity of Indian culture are now aligning with more sophisticated & globally in-vogue styles. The transition is a consequence of Indian consumers' extensive exposure due to the rising urban population & growing social media influence.

As a result, more varieties of Indian clothing are getting launched, including formal, semi-formal, casual, athletic, ethnic, seasonal, leisure, party clothes, and others. Additionally, the majority of the Indian population is Gen Z, which likes to experiment with their appearance & follow the latest fashion trends. As a result, the market share of apparel has historically been higher than that of footwear.

Furthermore, consumers are becoming more conscious of their clothing & appearance and seem to prefer clothing, based on the situation, such as athleisure for sports and gym purposes, and formals for corporate meetings or college seminars, etc. Hence, the evolving customer preference for fast fashion would also boost the sales of apparel in the forecast years. 

Competitive Landscape

With strategic initiatives, such as mergers, collaborations, and acquisitions, the leading market players, including Aditya Birla Fashion & Retail Ltd, Page Industries Ltd, Relaxo Footwears Ltd, Arvind Lifestyle Brands Ltd, Lifestyle International Pvt Ltd, Future Lifestyle Fashions Ltd, Bata India Ltd, Lux Hosiery Industries Ltd, Paragon Group Ltd, Rupa & Co, H & M Hennes & Mauritz India Pvt Ltd, and others are looking forward to strengthening their market position.

Key Questions Answered in the Research Report

1. What are the industry’s overall statistics or estimates (Overview, Size- By Value, Forecast Numbers, Segmentation, Shares)?
2. What are the trends influencing the current scenario of the market?
3. What key factors would propel and impede the industry across the region?
4. How has the industry been evolving in terms of geography & product adoption?
5. How has the competition been shaping across various countries?
6. How has the buying behavior, customer inclination, and expectations from product manufacturers been evolving during 2020-30?
7. Who are the key competitors, and what strategic partnerships or ventures are they coming up with to stay afloat during the projected time frame?