According to the report by Expert Market Research (EMR), the global socks market size reached a value of USD 52.79 billion in 2023. Aided by the increasing demand for comfortable and stylish socks and the growing applications of socks in various segments, the market is projected to further grow at a CAGR of 5.8% between 2024 and 2032 to reach a value of USD 87.93 billion by 2032.
Socks, an essential garment worn to cover the feet, have evolved from being merely functional items to fashion statements. They are available in various materials, designs, and functionalities, catering to diverse consumer preferences. Apart from providing comfort and protection, socks also play a role in enhancing the overall aesthetic appeal of an outfit.
One of the primary drivers of the socks market growth is the rising demand for comfortable and stylish socks. With increasing disposable incomes and the growing focus on personal grooming and fashion, consumers are willing to invest in high-quality, aesthetically appealing socks. The influence of fashion trends and social media has further propelled the demand for designer and novelty socks, driving market growth.
Get a Free Sample Report with Table of Contents: https://www.expertmarketresearch.com/reports/socks-market/requestsample
The expanding applications of socks in various segments also play a significant role in propelling the market. In the sports and fitness segment, socks are designed to provide support, comfort, and moisture-wicking properties, enhancing athletic performance and reducing the risk of injuries. The healthcare segment utilizes specialized socks, such as compression socks and diabetic socks, to improve circulation and provide therapeutic benefits to patients.
The increasing consumer awareness of health and hygiene is another significant factor driving the market. Socks made from antimicrobial and breathable materials are gaining popularity among health-conscious consumers. These socks help in preventing foot infections and ensuring comfort, consequently driving up the socks market share.
Technological advancements in sock manufacturing are significantly enhancing the quality and functionality of socks. The use of advanced knitting technologies and materials has led to the development of high-performance socks with features such as compression, arch support, and seamless toe design. These innovations have improved the comfort and durability of socks, meeting the evolving needs of consumers.
The development of smart socks is another notable trend in the market. Smart socks equipped with sensors and connected to mobile apps can monitor various health metrics, such as foot pressure, gait, and temperature. These socks provide real-time feedback and are particularly beneficial for athletes and individuals with medical conditions, driving their adoption.
Read Full Report with Table of Contents: https://www.expertmarketresearch.com/reports/socks-market
As per the socks market analysis, the rise of sustainable practices in the textile sector is also influencing the market. Manufacturers are increasingly using eco-friendly materials, such as organic cotton, bamboo, and recycled fibres, to produce socks. The adoption of sustainable production processes and packaging solutions is further contributing to the growth of the market, aligning with the growing consumer demand for environmentally responsible products.
North America holds a significant share of the market, driven by high consumer demand and the presence of leading sock manufacturers. The United States, in particular, is a major market for socks, with a strong preference for both functional and fashionable socks. The region’s well-established retail infrastructure and robust online sales channels further contribute to market growth.
As per the socks market outlook, in Europe, the market is experiencing steady growth, supported by the strong fashion sector and high consumer awareness of quality and design. Countries such as Germany, France, and the United Kingdom are key contributors to the European socks market, driven by their rich fashion heritage and leading sock manufacturers.
The Asia-Pacific region is expected to witness the fastest growth in the market, fuelled by rapid urbanisation, changing consumer preferences, and increasing disposable incomes. Countries such as China, India, and Japan are investing heavily in retail infrastructure and e-commerce, driving the demand for socks. Additionally, the region’s growing middle-class population and increasing health awareness are expected to boost socks consumption.
Market Segmentation
The market can be divided based on product, material, demographics, distribution channel, and region
Market Breakup by Product
- Casual Socks
- Formal Socks
- Athletic Socks
- Speciality Socks
- Others
Market Breakup by Material
- Nylon
- Cotton
- Polyester
- Wool
- Waterproof Breathable Membrane
- Others
Market Breakup by Demographics
- Men
- Women
- Kids
Market Breakup by Distribution Channel
- Hypermarkets and Supermarkets
- Convenience Stores
- Online
- Retail Stores
Market Breakup by Region
- North America
- Europe
- Asia Pacific
- Latin America
- Middle East and Africa
Competitive landscape
The EMR report looks into the market shares, plant turnarounds, capacities, investments, and mergers and acquisitions, among other major developments, of the leading companies operating in the global socks market. Some of the major players explored in the report by expert market research are as follows:
- The Sock Factory
- Nester Hosiery
- Golden Lady Company SpA
- Nike Inc
- Hanesbrands Inc.
- Under Armour®, Inc.
- PUMA SE
- Strumpfwerk Lindner GmbH
- Exceptio Ltd
- HJ Hall Socks
- Others
About us
Acquire unparalleled access to critical industry insights with our comprehensive market research reports, meticulously prepared by a team of seasoned experts. These reports are designed to equip decision-makers with an in-depth understanding of prevailing market trends, competitive landscapes, and growth opportunities.
Our high-quality, data-driven analysis provides the essential framework for organisations seeking to make informed and strategic decisions in an increasingly complex and rapidly evolving business environment. By investing in our market research reports, you can ensure your organisation remains agile, proactive, and poised for success in today’s competitive market.
Don’t miss the opportunity to elevate your business intelligence and strengthen your strategic planning. Secure your organisation’s future success by acquiring one of our expert market research reports today.
Media Contact
Company Name: Claight Corporation
Contact Person: Ian Bell, Corporate Sales Specialist
Email: sales@expertmarketresearch.com
Toll Free Number: +1-415-325-5166 | +44-702-402-5790
Address: 30 North Gould Street, Sheridan, WY 82801, USA
Website:www.expertmarketresearch.com
