Global Socks Market Report and Forecast 2023-2028

Global Socks Market Report and Forecast 2023-2028

Market Outlook

According to the report by Expert Market Research (EMR), the global socks market reached a value of USD 48.5 billion in 2022. Aided by the growing demand for functional and fashionable socks, the market is projected to grow at a CAGR of 6.1% between 2023 and 2028 to reach a value of USD 69.44 billion by 2028.

Socks are a type of hosiery worn on the feet to provide comfort, protection, and moisture absorption. They are composed of a variety of materials, including cotton, nylon, wool, and polyester, among others. Socks are available in a wide range of styles, lengths, and designs, catering to diverse consumer preferences and needs.

The global socks market growth can be attributed to the increasing demand for functional and fashionable socks. Athletic socks, which offer cushioning, support, and moisture-wicking qualities, are becoming increasingly popular as sports and fitness activities become more well-liked. These socks are made to increase athletic performance, lower the chance of injury, and increase general comfort during physical activity.

Additionally, the growing fashion-conscious consumer base has driven the demand for stylish and trendy socks. Designers and manufacturers are introducing innovative and unique sock designs to cater to this demand, which has led to the emergence of a variety of socks with diverse patterns, colours, and styles. The increasing adoption of casual and dress socks as a fashion accessory has further fuelled the growth of the global socks market.

One of the key trends observed in the socks market is the rising demand for sustainable and eco-friendly socks. Consumers are increasingly seeking products made from sustainable materials and manufactured through environmentally friendly processes. This has resulted in the development and introduction of socks made from organic cotton, recycled materials, and natural fibres, such as bamboo and hemp.

The market is also being driven by the rising acceptance of online shopping, which makes it simple for customers to explore and buy socks from the comfort of their homes. E-commerce platforms offer a wide variety of socks at competitive prices, allowing consumers to easily compare products and make informed decisions. The expansion of e-commerce in the socks market has facilitated the growth of both established and emerging brands, further contributing to the socks market expansion.

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 acquisitions and mergers, among other major developments, of the global socks companies. Some of the major key 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

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*We at Expert Market Research always strive to provide you with the latest information. The numbers in the article are only indicative and may be different from the actual report.