Socks Market

 Market Overview:

The global socks market size reached US$ 2.8 Billion in 2022. Looking forward, IMARC Group expects the market to reach US$ 3.8 Billion by 2028, exhibiting a growth rate (CAGR) of 5.1% during 2023-2028. The increasing participation in sports and fitness activities, the rising number of working professionals, and easy product availability across e-commerce platforms represent some of the key factors driving the market.

Socks are essential garments worn on the feet to provide warmth, comfort, and protection. They are typically made from a blend of natural and synthetic fibers, such as cotton, wool, polyester, and nylon. The manufacturing process involves knitting the fibers into a tube-like structure, which is then shaped and finished to fit the foot. The components of a sock include the cuff, the footbed, which cushions the foot, and the toe, which is reinforced to prevent wear and tear. The advantages of wearing socks include protecting the feet from blisters, preventing foot odor, and regulating temperature. It can also help improve circulation and provide support for the feet during physical activity. Currently, there are various types of product variants available, including athletic, dress, compression, and novelty socks. Athletic socks are designed to provide extra support and cushioning for the foot during physical activity, while dress socks are typically made from more luxurious materials and are worn with formal attire. Compression socks help improve circulation and reduce swelling, and novelty socks are a fun way to express one's personality through fashion.

Socks Market Trends:

The global socks market is primarily accelerated by the changing fashion trends and the rising health consciousness among individuals. This is further bolstered by the growing awareness of the benefits of specialized socks, such as compression socks, for better blood circulation. Moreover, the increasing participation in sports and fitness activities has considerably boosted the demand for athletic socks for optimal performance and comfort, further driving the market growth. Besides this, the rapidly expanding e-commerce industry and the burgeoning population are providing an impetus to the market growth. In line with this, key market players are investing in advanced sock manufacturing technologies to enhance comfort and durability. They are also adopting aggressive marketing strategies and investing in celebrity endorsements to increase their consumer base, which is fueling the market growth. Moreover, the rising disposable income and improved standards of living have surged the demand for high-quality and premium socks, which is propelling the market growth. Other factors, such as the increasing focus on sustainability and eco-friendly products and easy product availability in retail stores, are positively supporting the market growth.

Key Market Segmentation:

IMARC Group provides an analysis of the key trends in each sub-segment of the global socks market report, along with forecasts at the global, regional and country level from 2023-2028. Our report has categorized the market based on product, material, application and distribution channel.

Product Insights:

• Casual
• Formal
• Athletic
• Others
   

The report has provided a detailed breakup and analysis of the global socks market based on the product. This includes casual, formal, athletic, and others. According to the report, the casual segment dominates the market.

Material Insights:

• Nylon
• Cotton
• Polyester
• Wool
• Waterproof Breathable Membrane
• Others
   

The report has provided a detailed breakup and analysis of the global socks market based on the material. This includes nylon, cotton, polyester, wool, waterproof breathable membrane, and others. According to the report, the cotton segment holds the largest market share.  

Application Insights:

• Men
• Women
• Children
   

The report has provided a detailed breakup and analysis of the global socks market based on the application. This includes men, women, and children. According to the report, the men segment spearheads the market.

Distributional Channel Insights:

• Supermarkets and Hypermarkets
• Convenience Stores
• Online Stores
• Others
   

The report has provided a detailed breakup and analysis of the global socks market based on the distributional channel. This includes supermarkets and hypermarkets, convenience stores, online stores, and others. According to the report, the supermarkets and hypermarkets segment dominates the market.

Regional Insights:

• North America
  • United States
  • Canada
• Asia-Pacific
  • China
  • Japan
  • India
  • South Korea
  • Australia
  • Indonesia
  • Others
• Europe
  • Germany
  • France
  • United Kingdom
  • Italy
  • Spain
  • Russia
  • Others
• Latin America
  • Brazil
  • Mexico
  • Others
• Middle East and Africa
   

The report has also provided a comprehensive analysis of all the major regional markets, which include North America (the United States and Canada); Europe (Germany, France, the United Kingdom, Italy, Spain, Russia, and others); Asia Pacific (China, Japan, India, South Korea, Australia, Indonesia, and others); Latin America (Brazil, Mexico, and others); and the Middle East and Africa. As per the report, Asia Pacific dominates the market. Some of the factors accelerating the Asia Pacific socks market include inflating consumer expenditure power, rising interest in athletics, and easy product availability in online retail stores.

Competitive Landscape:

The report has also provided a comprehensive analysis of the competitive landscape in the global tattoo removal market. Competitive analysis such as market structure, market share by key players, player positioning, top winning strategies, competitive dashboard, and company evaluation quadrant has been covered in the report. Also, detailed profiles of all major companies have been provided. Some of the companies covered include Adidas AG, ASICS Corporation, Drymax Technologies Inc., Hanesbrands Inc, Implus Footcare LLC, Nike Inc, Puma SE, Renfro Brands, Thorlos and Under Armour Inc., etc. Kindly note that this only represents a partial list of companies, and the complete list has been provided in the report.

Report Coverage:

Key Benefits for Stakeholders:

• IMARC’s report offers a comprehensive quantitative analysis of various market segments, historical and current market trends, market forecasts, and dynamics of the global socks market from 2017-2028.
• The research study provides the latest information on the market drivers, challenges, and opportunities in the global socks market.
• The study maps the leading, as well as the fastest-growing, regional markets. It further enables stakeholders to identify the key country-level markets within each region.
• Porter's five forces analysis assist stakeholders in assessing the impact of new entrants, competitive rivalry, supplier power, buyer power, and the threat of substitution. It helps stakeholders to analyze the level of competition within the global socks industry and its attractiveness.
• Competitive landscape allows stakeholders to understand their competitive environment and provides an insight into the current positions of key players in the market.