Market Size of Socks Industry
| Study Period | 2024 - 2029 |
| Base Year For Estimation | 2023 |
| CAGR | 6.80 % |
| Fastest Growing Market | Asia-Pacific |
| Largest Market | North America |
| Market Concentration | Low |
Major Players.webp "Socks Market Major Players")
*Disclaimer: Major Players sorted in no particular order |
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Socks Market Analysis
The socks market is projected to record a CAGR of 6.8% over the next five years.
- The demand for socks and other types of hosiery from athletes and people leading active lifestyles is anticipated to increase due to the rising per-capita income. Socks are also helpful for hydrophobic individuals since they absorb extra sweat and improve function. Moreover, yoga and meditation, which are becoming more and more popular in cities, make use of socks. Also, the usage of socks in the fitness and health sector by athletes, bodybuilders, and regular people seeking a healthy lifestyle is anticipated to have an impact on the market expansion.
- The demand for eco-friendly and sustainable socks is expected to drive market growth in the coming years. Additionally, the increasing adoption of e-commerce platforms for the sale of socks is expected to further boost market growth, as these platforms allow consumers to browse and purchase a wide range of socks from the comfort of their homes.
- The increasing trend of formal clothing among white-collar professionals is anticipated to play a vital role in boosting product demand. This, in turn, is estimated to increase market growth over the forecast period. Furthermore, growing spending on health, as well as fitness, is anticipated to fuel the demand for different footwear accessories that include sports socks and ankle socks.
- Over the last couple of years, different healthcare professionals have increased their spending on publishing several research papers on keeping the feet healthy in light of growing occurrences of foot disorders related to diabetic patients. India has the second-largest diabetic population in the world, which is expected to grow significantly in the upcoming years. As foot care is crucial for diabetics, socks are recommended by health care professionals.
- Medical specialists recommend diabetic socks to patients with conditions like foot ulcers and other infections brought on by diabetes. Moreover, innovations and investments by the leading players have led to the development of diabetic socks, which are designed to keep feet dry, enhance blood circulation, and decrease the risk of a foot injury. The socks are designed to address foot-related issues and improve foot health.
Socks Industry Segmentation
Socks are a type of garment that is worn on the feet and designed to provide warmth, comfort, and protection.
The socks market is segmented by product type into athletic socks, trouser socks, and casual socks. By end-user into men, women, and kids. By distribution channel into supermarkets/hypermarkets, specialty stores, online stores, and other distribution channels, and by geography into North America, Europe, Asia-Pacific, South America, and the Middle East and Africa.
For each segment, market sizing and forecast have been done based on value (USD million).
| Product Type | |
| Athletic Socks | |
| Trousers Socks | |
| Casual Socks |
| End-User | |
| Men | |
| Women | |
| Kids |
| Distribution Channel | |
| Supermarkets/Hypermarkets | |
| Specialty Stores | |
| Online Stores | |
| Other Distribution Channels |
| Geography | |||||||||
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Socks Market Size Summary
The socks market is experiencing significant growth, driven by increasing demand from athletes and individuals with active lifestyles, as well as the rising popularity of yoga and meditation. The market is further bolstered by the growing trend of eco-friendly and sustainable products, alongside the expanding use of e-commerce platforms for convenient shopping. The demand for socks is also influenced by the trend of formal clothing among professionals and the rising expenditure on health and fitness, which includes sports and ankle socks. Additionally, the healthcare sector's focus on foot health, particularly for diabetic patients, is contributing to the market's expansion, with innovations in diabetic socks enhancing foot care.
The Asia-Pacific region is poised to dominate the socks market, supported by a strong presence of brands and manufacturing hubs in countries like China, India, and Bangladesh. These regions benefit from affordable labor costs and a large workforce, making them ideal for sock production. The increasing consumer preference for high-quality, fashionable socks and the demand for natural, sustainable materials like cotton and bamboo are further driving market growth. Key players in the industry, such as Nike Inc., Adidas AG, and Asics Corporation, are actively engaging in innovative marketing strategies and strategic partnerships to enhance their market presence and capitalize on the growth potential.
Socks Market Size - Table of Contents
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1. MARKET DYNAMICS
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1.1 Market Drivers
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1.2 Market Restraints
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1.3 Porters Five Forces Analysis
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1.3.1 Threat of New Entrants
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1.3.2 Bargaining Power of Buyers/Consumers
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1.3.3 Bargaining Power of Suppliers
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1.3.4 Threat of Substitute Products
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1.3.5 Intensity of Competitive Rivalry
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2. MARKET SEGMENTATION
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2.1 Product Type
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2.1.1 Athletic Socks
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2.1.2 Trousers Socks
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2.1.3 Casual Socks
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2.2 End-User
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2.2.1 Men
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2.2.2 Women
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2.2.3 Kids
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2.3 Distribution Channel
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2.3.1 Supermarkets/Hypermarkets
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2.3.2 Specialty Stores
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2.3.3 Online Stores
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2.3.4 Other Distribution Channels
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2.4 Geography
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2.4.1 North America
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2.4.1.1 United States
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2.4.1.2 Canada
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2.4.1.3 Mexico
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2.4.1.4 Rest of North America
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2.4.2 Europe
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2.4.2.1 Germany
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2.4.2.2 United Kingdom
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2.4.2.3 France
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2.4.2.4 Russia
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2.4.2.5 Italy
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2.4.2.6 Spain
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2.4.2.7 Rest of Europe
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2.4.3 Asia Pacific
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2.4.3.1 India
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2.4.3.2 China
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2.4.3.3 Japan
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2.4.3.4 Austrsalia
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2.4.3.5 Rest of Asia Pacific
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2.4.4 South America
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2.4.4.1 Brazil
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2.4.4.2 Argentina
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2.4.4.3 Rest of South America
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2.4.5 Middle East and Africa
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2.4.5.1 United Arab Emirates
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2.4.5.2 South Africa
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2.4.5.3 Rest of Middle East and Africa
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Socks Market Size FAQs
What is the current Socks Market size?
The Socks Market is projected to register a CAGR of 6.80% during the forecast period (2024-2029)
Who are the key players in Socks Market?
Nike Inc., Adidas A.G., Puma S.E., Hanesbrand Inc. and Asics Corporation are the major companies operating in the Socks Market.
