Socks Market Report, Trends, Value, Analysis, Growth Drivers and Forecast 2024-2032
Mark Smith
The latest report by IMARC Group, titled “Socks Market: Global Industry Trends, Share, Size, Growth, Opportunity, and Forecast 2024-2032,” offers a comprehensive analysis of the socks market. The report also includes competitor and regional analysis, along with a breakdown of segments within the industry.
The global socks market size reached USD 2.9 Billion in 2023. Looking forward, IMARC Group expects the market to reach USD 4.3 Billion by 2032, exhibiting a growth rate (CAGR) of 4.45% during 2024-2032.
Socks Market Trends:
The global market is primarily driven by the increasing demand for athleisure and sportswear, which is significantly fueling the consumption of performance socks, especially among fitness enthusiasts and athletes. Moreover, the rising awareness of foot health and hygiene is encouraging the adoption of socks made from materials that offer moisture-wicking and anti-bacterial properties.
Additionally, the growing fashion consciousness among consumers is raising the demand for designer and premium socks, particularly in urban areas, which is providing an impetus to the market. In addition, rapid expansion of e-commerce platforms is making a wide range of socks more accessible to consumers worldwide. Furthermore, inflating disposable income in developing regions allowing consumers to spend more on high-quality and branded socks is fueling the market.
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Socks Market Scope and Growth Analysis:
As per market analysis, the scope of the market is significantly expanding due to the increasing demand for sustainable and eco-friendly socks, as consumers are becoming more environmentally conscious. Moreover, considerable growth in the e-commerce sector, particularly online retail platforms is fueling market expansion by enabling manufacturers to tap into a global customer base. In addition, the rising interest in fitness and sports activities is broadening the demand for performance-enhancing socks that offer comfort and protection during physical activities. Apart from this, the expanding middle-class population in emerging markets is supporting the increased demand for premium and branded socks.
Besides, continuous innovation in design and materials, along with evolving consumer preferences, is fostering sustained growth in the Socks Market. Besides this, the trend of wearing socks as a style statement among the masses, particularly the younger population, is gaining popularity, thereby enhancing the market scope.
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Competitive Landscape:
The competitive landscape of the market has been studied in the report with the detailed profiles of the key players operating in the market.
- Adidas AG
- ASICS Corporation
- Drymax Technologies Inc.
- Hanesbrands Inc
- Implus Footcare LLC
- Nike Inc
- Puma SE
- Renfro Brands
- Thorlos
- Under Armour Inc
Socks Market Segmentation:
Our report has categorized the market based on region, product, material, application and distribution channel.
Breakup by Product:
- Casual
- Formal
- Athletic
- Others
According to the report, cotton accounted for the largest market share.
Breakup Material:
- Nylon
- Cotton
- Polyester
- Wool
- Waterproof Breathable Membrane
- Others
According to the report, cotton accounted for the largest market share.
Breakup by Application:
- Men
- Women
- Children
Breakup by Distribution Channel:
- Supermarkets and Hypermarkets
- Convenience Stores
- Online Stores
- Others
Breakup by Region:
- North America (United States, Canada)
- Europe (Germany, France, United Kingdom, Italy, Spain, Others)
- Asia Pacific (China, Japan, India, Australia, Indonesia, Korea, Others)
- Latin America (Brazil, Mexico, Others)
- Middle East and Africa (United Arab Emirates, Saudi Arabia, Qatar, Iraq, Other)
Key highlights of the report:
- Market Performance (2018-2023)
- Market Outlook (2024-2032)
- Porter’s Five Forces Analysis
- Market Drivers and Success Factors
- SWOT Analysis
- Value Chain
- Comprehensive Mapping of the Competitive Landscape
About Us:
IMARC Group is globally recognized as a leader in market research, specializing in offering strategic management solutions and extensive market analyses across diverse industries. We collaborate with clients worldwide, focusing on identifying the most lucrative opportunities, addressing critical business challenges, and guiding significant business transformations.
Our detailed reports cover significant market, scientific, economic, and technological developments, serving business leaders in pharmaceutical, industrial, and high technology sectors. With a deep expertise in providing industry forecasts and analyses for sectors including biotechnology, advanced materials, pharmaceuticals, and food and beverage, we equip leaders with the knowledge to navigate complex markets and stay ahead of technological trends.
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