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We expect the global socks market to exhibit a CAGR of around 5% during 2021-2026.
A significant rise in the number of working professionals, along with the increasing adoption of the formal attire, are some of the factors catalyzing the global socks market.
Sudden outbreak of the COVID-19 pandemic has led to the changing consumer inclination from conventional brick-and-mortar distribution channels towards online retail platforms for the purchase of socks.
Based on the product, the global socks market has been segmented into casual, formal, athletic, and others. Currently, casual type holds the majority of the total market share.
Based on the material, the global socks market can be segregated into nylon, cotton, polyester, wool waterproof breathable membrane, and others, where cotton currently represents the largest segment.
Based on the application, the global socks market has been categorized into men, women, and children. Among these, men exhibit a clear dominance in the market.
Based on the distribution channel, the global socks market can be bifurcated into supermarkets and hypermarkets, convenience stores, online stores, and others. Currently, supermarkets and hypermarkets represent the biggest segment.
On a regional level, the market has been classified into North America, Asia Pacific, Europe, Latin America, and Middle East and Africa, where Asia Pacific currently dominates the global market.
Some of the major players in the global socks market include Adidas AG, ASICS Corporation, Drymax Technologies Inc., Hanesbrands Inc, Implus Footcare LLC, Nike Inc, Puma SE, Renfro Brands, Thorlos, and Under Armour Inc.
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