Socks Market
Socks Market Size, Share, and Trends Analysis Report by Product Type (Casual Socks, Formal Socks, and Athletic Socks), by Material (Nylon, Cotton, Wool, Polyester, and Others), and by Distribution Channel (Online and Offline) Forecast Period (2023-2029) Update Available - Forecast 2024-2030
Socks market is anticipated to grow at a considerable CAGR of 6.1% during the forecast period. The growing trend of formal clothes among white-collar professionals is expected to play a significant role in expanding product demand. This is expected to boost market growth throughout the forecast period. Additionally, rising expenditure on health and fitness is expected to drive demand for various footwear accessories, such as sports socks and ankle socks. Several firms, such as Dr. Oxyn and Podolite, also offer personalized diabetic socks to lower the risk of foot ulcers.
Segmental Outlook
The global socks market is segmented by product type, material, and distribution channel. Based on the product type, the market is sub-segmented into casual socks, formal socks, and athletic socks. Based on the material, the market is sub-segmented into nylon, cotton, polyester, wool, and others. Based on distribution channels, the market is bifurcated into online and offline. Among the distribution channels, the online sub-segment is anticipated to grow at a significant rate owing to the rising number of people preferring online shopping over conventional offline shopping.
The Cotton Sub-Segment Holds a Prominent Share in the Global Socks Market
Among the material, the cotton sub-segment is anticipated to hold a considerable share of the global socks market over the forecast period. Organic cotton is a natural fiber that is devoid of chemical additions, making it biodegradable and healthy for the environment. As a result, it is high in demand across the globe. Organic cotton socks are softer on the feet and more comfortable and breathable than other fabrics. These socks are also a good option for people with sensitive skin since organic cotton contains no hazardous chemicals. Thus, various advantages of using cotton material in socks is considered to be the major factor boosting the market growth.
Regional Outlooks
The global socks market is segmented based on geography, including North America (the US and Canada), Europe (Italy, Spain, Germany, France, and others), Asia-Pacific (India, China, Japan, South Korea, and others), and the rest of the world (the Middle East and Africa and Latin America). The market can be analyzed for a particular region or country level as per the requirement. Among the regions, the Asia-Pacific region is expected to generate the highest market share; however, the North American market is expected to hold a significant market share in the forecast period owing to rising health and fitness trends among the population.
Global Socks Market Growth, by Region (2023-2029)
The Asia-Pacific Region is Expected to Hold a Prominent Share of the Global Socks Market
The key factor driving the socks market’s growth in the Asia-Pacific region include the high population rate. According to the United Nations Population Fund (UNPF) report in 2022, the region has about 4.3 billion of the world’s population, which is approximately 60% of the total. Besides, the growth of schools and universities with dress codes and increasing sports and health activities among the population to stay fit is also increasing the market’s growth in the region. On top of that, organizations such as the Asia-Pacific Society for Physical Activity (ASPA) encourage people to get more active, which further results in increased physical activities such as exercise, running, and others, resulting in a higher demand for socks. Besides, large players such as Asia Socks, Inc., Bonjour, and others also play a significant role in the region’s share of the global market.
Market Players Outlook
The major companies serving the global socks market include Adidas AG, Asics Corp., Balega, Darn Tough, Drymax Technologies Inc., Gildan Activewear Inc., and others. These companies are considerably contributing to the market’s growth through the adoption of various strategies, including mergers and acquisitions, partnerships, collaborations, investments, and new socks openings, to stay competitive in the market. For instance, in March 2023, Swiftwick launched its Maxus socks with a Repreve performance, recycled polyester footbed, reaching the company's 2023 objective of using recycled, renewable, and/or responsible fibers in all its products. The Maxus footbed has the same moisture-wicking capabilities as the original Maxus and is made from one post-consumer water bottle. Swiftwick also pledged to obtain 80% of the total of its Merino wool raw materials from Responsible Wool Standard-certified suppliers by the end of 2024, with the goal of reaching 100% by 2027.
The Report Covers-
- Market value data analysis for 2023 and forecast to 2029.
- Annualized market revenues ($ million) for each market segment.
- Country-wise analysis of major geographical regions.
- Key companies operating in the global socks market. Based on the availability of data, information related to new product launches and relevant news is also available in the report.
- Analysis of business strategies by identifying the key market segments positioned for strong growth in the future.
- Analysis of market entry and market expansion strategies.
- Competitive strategies by identifying ‘who stands where’ in the market.
1. Report Summary
• Current Industry Analysis and Growth Potential Outlook
1.1. Research Methods and Tools
1.2. Market Breakdown
1.2.1. By Segments
1.2.2. By Region
2. Market Overview and Insights
2.1. Scope of the Report
2.2. Analyst Insight and Current Market Trends
2.2.1. Key Findings
2.2.2. Recommendations
2.2.3. Conclusion
3. Competitive Landscape
3.1. Key Company Analysis
3.1.1. Overview
3.1.2. Financial Analysis
3.1.3. SWOT Analysis
3.1.4. Recent Developments
3.2. Key Strategy Analysis
4. Market Segmentation
4.1. Global Socks Market by Product Type
4.1.1. Casual Socks
4.1.2. Formal Socks
4.1.3. Athletic Socks
4.2. Global Socks Market by Material
4.2.1. Nylon
4.2.2. Cotton
4.2.3. Wool
4.2.4. Polyester
4.2.5. Others
4.3. Global Socks Market by Distribution Channel
4.3.1. Online
4.3.2. Offline
5. Regional Analysis
5.1. North America
5.1.1. United States
5.1.2. Canada
5.2. Europe
5.2.1. UK
5.2.2. Germany
5.2.3. Italy
5.2.4. Spain
5.2.5. France
5.2.6. Rest of Europe
5.3. Asia-Pacific
5.3.1. China
5.3.2. India
5.3.3. Japan
5.3.4. South Korea
5.3.5. Rest of Asia-Pacific
5.4. Rest of the World
6. Company Profiles
6.1 Adidas AG
6.2 Asics Corp.
6.3 Balega
6.4 Darn Tough
6.5 Drymax Technologies Inc.
6.6 Gildan Activewear Inc.
6.7 Hanesbrands Inc.
6.8 Jockey International Inc.
6.9 Nike Inc.
6.10 Puma SE
6.11 Renfro Corp.
6.12 Skechers USA, Inc.
6.13 Thorlo Inc.
6.14 Under Armour, Inc.
6.15 United Legwear & Apparel Co.
6.16 VF Corp.
1. GLOBAL SOCKS MARKET RESEARCH AND ANALYSIS BY PRODUCT TYPE, 2021-2029 ($ MILLION)
2. GLOBAL CASUAL SOCKS MARKET RESEARCH AND ANALYSIS BY REGION, 2021-2029 ($ MILLION)
3. GLOBAL FORMAL SOCKS MARKET RESEARCH AND ANALYSIS BY REGION, 2021-2029 ($ MILLION)
4. GLOBAL ATHLETIC SOCKS MARKET RESEARCH AND ANALYSIS BY REGION, 2021-2029 ($ MILLION)
5. GLOBAL SOCKS MARKET RESEARCH AND ANALYSIS BY MATERIAL, 2021-2029 ($ MILLION)
6. GLOBAL SOCKS OF NYLON MARKET RESEARCH AND ANALYSIS BY REGION, 2021-2029 ($ MILLION)
7. GLOBAL SOCKS OF COTTON MARKET RESEARCH AND ANALYSIS BY REGION, 2021-2029 ($ MILLION)
8. GLOBAL SOCKS OF WOOL MARKET RESEARCH AND ANALYSIS BY REGION, 2021-2029 ($ MILLION)
9. GLOBAL SOCKS OF POLYESTER MARKET RESEARCH AND ANALYSIS BY REGION, 2021-2029 ($ MILLION)
10. GLOBAL SOCKS OF OTHER MATERIALS MARKET RESEARCH AND ANALYSIS BY REGION, 2021-2029 ($ MILLION)
11. GLOBAL SOCKS MARKET RESEARCH AND ANALYSIS BY DISTRIBUTION CHANNEL, 2021-2029 ($ MILLION)
12. GLOBAL SOCKS BY ONLINE MARKET RESEARCH AND ANALYSIS BY REGION, 2021-2029 ($ MILLION)
13. GLOBAL SOCKS BY OFFLINE MARKET RESEARCH AND ANALYSIS BY REGION, 2021-2029 ($ MILLION)
14. GLOBAL SOCKS MARKET RESEARCH AND ANALYSIS BY REGION, 2021-2029 ($ MILLION)
15. NORTH AMERICAN SOCKS MARKET RESEARCH AND ANALYSIS BY COUNTRY, 2021-2029 ($ MILLION)
16. NORTH AMERICAN SOCKS MARKET RESEARCH AND ANALYSIS BY PRODUCT TYPE, 2021-2029 ($ MILLION)
17. NORTH AMERICAN SOCKS MARKET RESEARCH AND ANALYSIS BY MATERIAL, 2021-2029 ($ MILLION)
18. NORTH AMERICAN SOCKS MARKET RESEARCH AND ANALYSIS BY DISTRIBUTION CHANNEL, 2021-2029 ($ MILLION)
19. EUROPEAN SOCKS MARKET RESEARCH AND ANALYSIS BY COUNTRY, 2021-2029 ($ MILLION)
20. EUROPEAN SOCKS MARKET RESEARCH AND ANALYSIS BY PRODUCT TYPE, 2021-2029 ($ MILLION)
21. EUROPEAN SOCKS MARKET RESEARCH AND ANALYSIS BY MATERIAL, 2021-2029 ($ MILLION)
22. EUROPEAN SOCKS MARKET RESEARCH AND ANALYSIS BY DISTRIBUTION CHANNEL, 2021-2029 ($ MILLION)
23. ASIA-PACIFIC SOCKS MARKET RESEARCH AND ANALYSIS BY COUNTRY, 2021-2029 ($ MILLION)
24. ASIA-PACIFIC SOCKS MARKET RESEARCH AND ANALYSIS BY PRODUCT TYPE, 2021-2029 ($ MILLION)
25. ASIA-PACIFIC SOCKS MARKET RESEARCH AND ANALYSIS BY MATERIAL, 2021-2029 ($ MILLION)
26. ASIA-PACIFIC SOCKS MARKET RESEARCH AND ANALYSIS BY DISTRIBUTION CHANNEL, 2021-2029 ($ MILLION)
27. REST OF THE WORLD SOCKS MARKET RESEARCH AND ANALYSIS BY COUNTRY, 2021-2029 ($ MILLION)
28. REST OF THE WORLD SOCKS MARKET RESEARCH AND ANALYSIS BY PRODUCT TYPE, 2021-2029 ($ MILLION)
29. REST OF THE WORLD SOCKS MARKET RESEARCH AND ANALYSIS BY MATERIAL, 2021-2029 ($ MILLION)
30. REST OF THE WORLD SOCKS MARKET RESEARCH AND ANALYSIS BY DISTRIBUTION CHANNEL, 2021-2029 ($ MILLION)
1. GLOBAL SOCKS MARKET SHARE BY PRODUCT TYPE, 2021 VS 2029 (%)
2. GLOBAL CASUAL SOCKS MARKET SHARE BY REGION, 2021 VS 2029 (%)
3. GLOBAL FORMAL SOCKS MARKET SHARE BY REGION, 2021 VS 2029 (%)
4. GLOBAL ATHLETIC SOCKS MARKET SHARE BY REGION, 2021 VS 2029 (%)
5. GLOBAL SOCKS MARKET SHARE BY MATERIAL, 2021 VS 2029 (%)
6. GLOBAL SOCKS OF NYLON MARKET SHARE BY REGION, 2021 VS 2029 (%)
7. GLOBAL SOCKS OF COTTON MARKET SHARE BY REGION, 2021 VS 2029 (%)
8. GLOBAL SOCKS OF WOOL MARKET SHARE BY REGION, 2021 VS 2029 (%)
9. GLOBAL SOCKS OF POLYESTER MARKET SHARE BY REGION, 2021 VS 2029 (%)
10. GLOBAL SOCKS OF OTHER MATERIALS MARKET SHARE BY REGION, 2021 VS 2029 (%)
11. GLOBAL SOCKS MARKET SHARE BY DISTRIBUTION CHANNEL, 2021 VS 2029 (%)
12. GLOBAL SOCKS BY ONLINE MARKET SHARE BY REGION, 2021 VS 2029 (%)
13. GLOBAL SOCKS BY OFFLINE MARKET SHARE BY REGION, 2021 VS 2029 (%)
14. GLOBAL SOCKS MARKET SHARE BY REGION, 2021 VS 2029 (%)
15. US SOCKS MARKET SIZE, 2021-2029 ($ MILLION)
16. CANADA SOCKS MARKET SIZE, 2021-2029 ($ MILLION)
17. UK SOCKS MARKET SIZE, 2021-2029 ($ MILLION)
18. FRANCE SOCKS MARKET SIZE, 2021-2029 ($ MILLION)
19. GERMANY SOCKS MARKET SIZE, 2021-2029 ($ MILLION)
20. ITALY SOCKS MARKET SIZE, 2021-2029 ($ MILLION)
21. SPAIN SOCKS MARKET SIZE, 2021-2029 ($ MILLION)
22. REST OF EUROPE SOCKS MARKET SIZE, 2021-2029 ($ MILLION)
23. INDIA SOCKS MARKET SIZE, 2021-2029 ($ MILLION)
24. CHINA SOCKS MARKET SIZE, 2021-2029 ($ MILLION)
25. JAPAN SOCKS MARKET SIZE, 2021-2029 ($ MILLION)
26. SOUTH KOREA SOCKS MARKET SIZE, 2021-2029 ($ MILLION)
27. REST OF ASIA-PACIFIC SOCKS MARKET SIZE, 2021-2029 ($ MILLION)
28. REST OF THE WORLD SOCKS MARKET SIZE, 2021-2029 ($ MILLION)
