Press release
Socks Market Set for 6.3% CAGR Fueled by Fashion Innovations and Sustainability
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Market Drivers
Increasing participation in sports and fitness activities is fueling demand for performance socks with moisture-wicking and cushioning features.
Growing consumer preference for sustainable and eco-friendly socks made from organic cotton and recycled materials.
The rise of athleisure fashion, where socks are integrated as fashion accessories, is influencing consumer purchasing patterns.
Technological innovations such as compression socks and odor-resistant fabrics are further expanding market opportunities.
Regional Insights
Asia Pacific: Expected to grow at a CAGR of 7.8% from 2024 to 2031, driven by rising disposable incomes, urbanization, and sports league popularity in countries like China, India, and Australia.
Europe: Anticipated to hold 30.2% of the global revenue in 2024, supported by high disposable incomes, evolving fashion trends, and demand for custom socks tailored for athletes.
Product Trends
Specialty Socks: This segment is projected to register a CAGR of 6.5% during the forecast period. Specialty socks, featuring vibrant patterns, moisture-wicking properties, and arch support, are gaining traction among consumers seeking both style and functionality.
Men's Socks Segment: Accounting for approximately 42.27% of the global market share, driven by increasing demand for performance socks in sports and daily wear.
Read More: https://www.persistencemarketresearch.com/market-research/socks-market.asp
Future OutlookThe global socks market is set to witness sustained growth, fueled by innovations in material technology, growing awareness of sustainable fashion, and the rising influence of sports leagues worldwide. With expanding consumer preferences for both performance and aesthetics, industry players are expected to focus on product customization and eco-friendly solutions to meet evolving demands.
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