Press release
Socks Market Size, Key Players Analysis, Price Trends, Revenue, Demand, Outlook Report 2023-2028
Socks 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.
Socks are a fundamental element of personal attire, designed primarily for foot protection and comfort. They serve as a barrier between the foot and footwear to prevent friction and absorb sweat, thereby reducing the risk of foot ailments. They come in a multitude of types, including athletic, casual, formal, and specialty health-related varieties that cater to a broad spectrum of consumer needs. They are manufactured from various materials such as cotton, wool, nylon, and polyester, with advanced versions incorporating blends for breathability, moisture-wicking, and temperature control. The aspects of socks go beyond functionality, encompassing fashion and self-expression through an array of designs, colors, and patterns. The advantages of wearing socks include foot hygiene maintenance, odor control, and the prevention of blisters and sores. In colder climates, they provide insulation, while in the athletic realm, they offer support and cushioning.
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Market Trends:
The global socks market is majorly driven by the expanding population and an increased focus on health and fitness, which is elevating the demand for specialized athletic socks. Along with this, technological advancements in textile manufacturing are introducing innovative products with enhanced features such as compression, arch support, and antimicrobial properties, catering to health-conscious consumers. In addition, the rise in disposable incomes globally allows for greater spending on such premium products. Thus, this is positively influencing the market.
Moreover, the proliferation of e-commerce platforms is making a wide variety of socks easily accessible to a broader audience, stimulating market growth. Apart from this, sustainability trends are shaping the market as well, with an increasing number of consumers preferring eco-friendly materials, which is prompting manufacturers to adopt sustainable practices and materials. Furthermore, the rise in the demand for customized and personalized socks, propelled by the desire for individuality and unique fashion statements, is creating a positive market outlook.
View Full Report with TOC & List of Figure: https://www.imarcgroup.com/socks-market
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
Contact US:
IMARC Group
134 N 4th St. Brooklyn, NY 11249, USA
Email: sales@imarcgroup.com
Tel No:(D) +91 120 433 0800
Americas:- +1 631 791 1145 | Africa and Europe:- +44-702-409-7331 | Asia: +91-120-433-0800, +91-120-433-0800
About Us
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.
IMARC's information products include major market, scientific, economic and technological developments for business leaders in pharmaceutical, industrial, and high technology organizations. Market forecasts and industry analysis for biotechnology, advanced materials, pharmaceuticals, food and beverage, travel and tourism, nanotechnology and novel processing methods are at the top of the company's expertise.
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