Global Hosiery Market Size, Business Growth Statistics, Key Player Insights 2023-2028
Published May 26, 2023
“Global Hosiery Market Size, Trends, Growth, Analysis, Report and Forecast 2023-2028” by Expert Market Research evaluates the market on the basis of segments such as products, materials, and demographics to provide a comprehensive view of the global sock market. Provides a broader perspective. Distribution channels and major regions.
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Key highlights of the report include:
Market Overview 2018-2028
• CAGR forecast (2023-2028): 6.4%
The global hosiery market is fueled by increasing consumer awareness of hygiene. Socks are important to the overall health of your feet, they not only absorb moisture, but they also help prevent shoes from chafing your bare feet. This has increased the urge among consumers to buy more socks and the market demand for socks.
Socks also include pads that cushion the feet, keeping them warm and also helping to protect them from dust. This is expected to attract consumer attention due to the comfort offered to them and further drive the growth of the sock market. Socks also help prevent cold feet and frostbite during changing weather conditions such as winter and autumn.
Special socks, such as elastic stockings, may help prevent leg fatigue and improve circulation. Along with the growth of fashion trends on a global level, the demand for socks like other apparel is likely to gain momentum across the globe during the forecast period.
Moreover, based on demographics, the female segment is expected to hold a sizeable share in the market due to the availability of different designs of socks for women which attracts more female customers. On a product basis, the athletic socks segment is expected to drive the growth of the socks market, owing to the rapid growth of the sports industry and high demand for sports shoes and socks.
Socks market segmentation
Socks are garments made of soft material that are used to cover the feet. Socks are usually woven from wool, nylon, or cotton and are worn inside shoes. Various sizes, materials and colors are available to meet consumer needs.
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Based on product, the market is segmented as follows:
• casual socks
• Athletic socks
• formal socks
• Special socks
Based on material, the market is segmented as follows:
• Waterproof breathable membrane
By demographics, the socks market is segmented into:
• Suitable for children
Based on distribution channel, the market is segmented into:
• Hypermarkets and Supermarkets
• convenience store
• retail store
Based on region, the market is segmented as follows:
• North America
• latin america
• Asia Pacific
• middle east
socks market trends
With the increasing importance of maintaining a formal attire among white-collar professionals at a global level, the demand for socks is expected to increase worldwide. The surge in spending on fitness and health among the young generation is expected to boost the demand for various shoe accessories. These include ankle socks and sports socks when training in fitness clubs and gyms, which are expected to further support the sock market.
Several medical professionals have published various research papers on maintaining healthy feet to expand the market. This takes into account the cumulative incidence of diabetic-related foot disease over the past few years, which is likely to drive demand in the hosiery market. There are new initiatives by market players such as offering customized socks through online channels. Other initiatives include the launch of advanced new socks with anti-fungal and anti-bacterial properties, as well as socks that track infant movement, temperature and location, which are expected to boost the market.
Additionally, some manufacturers aim to offer socks made from Kevlar that are extremely strong, durable, heat resistant and lightweight. Increased awareness of the benefits of wearing such socks has led to an increase in the adoption of socks over the past few years.
Geographically, Asia-Pacific is projected to grow significantly in hosiery market share, especially due to the presence of major brands such as Jockey, Asics Corporation, and Toside. Based on distribution channels, the hypermarket and supermarket sector holds a large share in the growth of the market due to their easy availability and the ability to buy a wide variety of socks in one place. On the other hand, the online segment is expected to gain traction in the socks market, owing to increasing number of internet users worldwide and convenient product delivery services.
major market players
Key Players in the Global Hosiery Market
• Adidas AG
・Nike Co., Ltd.
• PUMA SE
• Hanes Brands Co., Ltd.
・Under Armor Co., Ltd.
This report covers market shares, production capacities, factory turnarounds, expansions, investments, mergers and acquisitions, among other latest developments for these market players.
This report examines the latest updates in the market and their impact on the overall market. It also analyzes market demand along with price and demand indicators. The report also tracks the market based on SWOT and Porter’s Five Forces model.
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