‘The share of kidswear segment in the online sector is still small in India. But the trend is changing swiftly with the emergence of Indian kidswear brands.’
What is the overall size and growth of the market for kidswear in India? What share does it occupy in the online apparel segment? What challenges does selling kidswear online pose?
India is one of the most promising markets for apparel,
owing to mushrooming economic activities and widening consumer base. The
kidswear market in the country is worth US$ 10 billion, but it is still
unorganised. Of late, due to the establishment of organised retail, we
have witnessed increase in awareness for kidswear brands. The market is now
growing at a compounded annual rate of 10 per cent and is likely to touch US$
22 billion in 2023.
The share of kidswear segment in the online sector is still
small in India. People prefer to buy offline for their little ones. But the
trend is changing swiftly with the emergence of Indian kidswear brands. As of
2015, the sales of children’s wear through online portals was only 1 per cent
of total kidswear sales. With the introduction of Firstcry and incorporation of
kidswear on Myntra, Amazon and Flipkart, sales have increased.
The market is getting competitive with time, as new players
enter. The huge online platform offers more than required options. Earlier, the
Indian market was majorly comprised international brands. Now, people like
Indian brands too. Brands are focusing more on quality products with affordable
and fashionable options. The market is also fragmented by age group. The 0-2
years category has mostly local brands but above the age group of 8 years, the
market is evenly divided between local and international brands.
People in India are still going for the same pricing and
styles to mom and pop shops, although they are not brand-conscious. These
customers prefer to touch, feel and try the garment on their kids before buying
them and the sizes and quality of the cloth differs with every brand.
Published on: 27/05/2016
DISCLAIMER: All views and opinions expressed in this column are solely of the interviewee, and they do not reflect in any way the opinion of Fibre2Fashion.com.