Socks Market Size to Surpass US$ 3.8 Billion by 2028, exhibiting a CAGR of 5.1% | IMARC Group

The latest report by IMARC Group, titled "Socks Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2023-2028", offers a comprehensive analysis of the industry, which comprises insights on socks market. The report also includes competitor and regional analysis, and contemporary advancements in the global market. The global socks market size reached US$ 2.8 Billion in 2022. Looking forward, IMARC Group expects the market to reach US$ 3.8 Billion by 2028, exhibiting a growth rate (CAGR) of 5.1% during 2023-2028.

What are Socks?

Socks are a fundamental component of everyday attire as these garments, designed to cover and protect the feet, have evolved from basic necessities to fashion statements. Socks serve multiple functions beyond providing warmth and comfort. They help absorb moisture, prevent friction, and offer support to the feet during various activities. Moreover, they've become a canvas for creativity, reflecting personal style through patterns, colors, and designs. From formal dress socks to athletic performance variants and cozy loungewear options, the diversity of socks caters to a wide range of preferences and needs. As an industry, the global socks market has seen considerable growth and innovation, fueled by changing fashion trends, advancements in materials, and shifts in consumer lifestyles.

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What are the growth prospects and trends in the socks industry?

The global socks market is driven by the fusion of fashion with function. Consumers are increasingly seeking socks that not only complement their outfits but also provide specialized features such as moisture-wicking, cushioning, and arch support. Athleisure, a dominant trend where activewear blends seamlessly with casual wear, has catapulted the demand for performance-oriented socks that cater to diverse activities. The rise in health and wellness awareness has led to a demand for specialized socks designed for specific activities, including running, hiking, or yoga, with features tailored to enhance foot comfort and support. Furthermore, e-commerce has transformed the way socks are marketed and sold. Online platforms allow consumers to explore an extensive array of options, enabling them to find the perfect fit for their individual preferences.

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Competitive Landscape:

The competitive landscape of the market has been studied in the report with the detailed profiles of the key players operating in the market.

• Adidas AG
• ASICS Corporation
• Drymax Technologies Inc.
• Hanesbrands Inc
• Implus Footcare LLC
• Nike Inc
• Puma SE
• Renfro Brands
• Thorlos
• Under Armour Inc

Explore Top Companies Blog by IMARC Group: https://www.imarcgroup.com/socks-manufacturing-companies

Socks Market Segmentation:

Our report has categorized the market based on region, product, material, application and distribution channel.

Breakup by Product:
• Casual
• Formal
• Athletic
• Others

Breakup Material:
• Nylon
• Cotton
• Polyester
• Wool
• Waterproof Breathable Membrane
• Others

Breakup by Application:
• Men
• Women
• Children

Breakup by Distribution Channel:
• Supermarkets and Hypermarkets
• Convenience Stores
• Online Stores
• Others

Breakup by Region:
• North America (United States, Canada)
• Europe (Germany, France, United Kingdom, Italy, Spain, Others)
• Asia Pacific (China, Japan, India, Australia, Indonesia, Korea, Others)
• Latin America (Brazil, Mexico, Others)
• Middle East and Africa (United Arab Emirates, Saudi Arabia, Qatar, Iraq, Other)

Key highlights of the report:
• Market Performance (2017-2022)
• Market Outlook (2023-2028)
• Porter's Five Forces Analysis
• Market Drivers and Success Factors
• SWOT Analysis
• Value Chain
• Comprehensive Mapping of the Competitive Landscape

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IMARC Group is a leading market research company that offers management strategy and market research worldwide. We partner with clients in all sectors and regions to identify their highest-value opportunities, address their most critical challenges, and transform their businesses.

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