Global Hosiery Market Insights Forecasts to 2033

• The Global Hosiery Market Size was Valued at USD 57.62 Billion in 2023
• The Market Size is Growing at a CAGR of 4.08% from 2023 to 2033
• The Worldwide Hosiery Market Size is Expected to Reach USD 85.92 Billion by 2033
• North America is Expected to Grow the fastest during the forecast period.

The Global Hosiery Market Size is Anticipated to Exceed USD 85.92 Billion by 2033, Growing at a CAGR of 4.08% from 2023 to 2033.

Market Overview

Clothes worn on the feet and legs are referred to as hosiery or legwear. Hosiery, which is often known as legwear (‘hose’) and is traditionally linked with products created by hosiers, has become quite popular since so many knitted materials are used to create a wide range of formal and sporting wear for adults and children. With its adaptability, hosiery has become a wardrobe must in the modern day. The demand for leg covers from women has drawn fabric designers to the hosiery industry, where the market's worth is increased by a variety of materials. Knitting technology improvements have increased product offerings even further, enabling the sector to stay ahead of fashion trends. The increasing awareness of beauty and self-care among people of all ages is driving substantial expansion in the global hosiery market. The desire for fresh and creative hosiery patterns is being fueled by a growing need for dependability, style, and quality.  The increasing awareness of beauty and self-care among people of all ages is driving substantial expansion in the global hosiery market. The desire for fresh and creative hosiery patterns is being fueled by a growing need for dependability, style, and quality.

Report Coverage

This research report categorizes the market for the global hosiery market based on various segments and regions forecasts revenue growth and analyzes trends in each submarket. The report analyses the key growth drivers, opportunities, and challenges influencing the global hosiery market. Recent market developments and competitive strategies such as expansion, product launch, and development, partnership, merger, and acquisition have been included to draw the competitive landscape in the market. The report strategically identifies and profiles the key market players and analyses their core competencies in each sub-segment of the global hosiery market.

Driving Factors

Growth is anticipated as the hosiery market becomes more noticeable in supermarkets and low-cost retailers. The growing focus on fitness, style, and health will propel this market forward. Consumer preference will rise as more people become aware of the advantages of hosiery, which include comfort, lightweight fabric, moisture absorption, and enhanced blood circulation. Furthermore, the product's capacity to prevent fungal infections and varicose veins will boost demand, hence driving the global hosiery market's growth.

Restraining Factors

The hosiery industry is hampered by rising production costs for raw materials, labour, and energy, making it difficult for manufacturers to maintain profit margins in a price-sensitive market. Additionally, the dominance of fast fashion trends pressures brands to lower prices, further challenging the market's sustainability.

Market Segmentation

The global hosiery market share is classified into type, category, and distribution channel.

• The socks segment is expected to hold the largest share of the global hosiery market during the forecast period.   

Based on the type, the global hosiery market is categorized into socks, stockings, tights, and leggings. Among these, the socks segment is expected to hold the largest share of the global hosiery market during the forecast period. The socks segment is growing rapidly due to shifting fashion tastes, altered lifestyles, and a greater emphasis on practicality and comfort. What was once a fundamental need has evolved into a colourful fashion statement as buyers seek out an astounding variety of designs, hues, and materials. Demand has increased even more as athleisure and casual wear have become more popular. Socks are now a versatile accessory that can be used to express individuality through distinctive patterns and designs.

• The women segment is expected to grow at the fastest CAGR during the forecast period.  

Based on the category the global hosiery market is categorized into men and women. Among these, the women segment is expected to grow at the fastest CAGR during the forecast period. Hosiery is gaining popularity as a versatile fashion essential for both athletic and professional purposes. Women's increasing preference for a variety of colours and unique designs is expected to expand the market, enhancing hosiery's appeal as both a functional and stylish choice.  

• The online segment is expected to hold the largest share of the global hosiery market during the forecast period.     

Based on the distribution channel, the global hosiery market is categorized into online and offline. Among these, the online segment is expected to hold a significant share of the global hosiery market during the forecast period. E-commerce has reshaped the hosiery market, offering consumers unprecedented ease and access to a vast selection of products. With a simple click, shoppers can now explore a wide variety of styles, brands, and price ranges, revolutionizing how hosiery is bought and making the shopping experience more personalized and convenient. The convenience of shopping from home and the ability to compare prices and read reviews have boosted online hosiery sales. Meanwhile, social media and digital marketing have enhanced consumer engagement, driving brand visibility in the online market.

Regional Segment Analysis of the Global Hosiery Market

• North America (U.S., Canada, Mexico) 
• Europe (Germany, France, U.K., Italy, Spain, Rest of Europe)
• Asia-Pacific (China, Japan, India, Rest of APAC)
• South America (Brazil and the Rest of South America) 
• The Middle East and Africa (UAE, South Africa, Rest of MEA)

Asia-Pacific is projected to hold the largest share of the global hosiery market over the forecast period.

Asia-Pacific is projected to hold the largest share of the global hosiery market over the forecast period. Fueled by rapid urbanization, rising disposable incomes, and a growing interest in fashion. As economies expand, consumers are embracing hosiery as a key element of their style. Countries like China, India, Japan, and South Korea are witnessing a surge in demand for diverse hosiery options, from classic stockings to trendy sock designs, blending Western fashion influences with the region's rich textile heritage. Additionally, the growth of e-commerce and digital retail has significantly enhanced hosiery sales in the Asia Pacific region. Online platforms provide access to a wide range of local and international brands, while the convenience of online shopping and the influence of social media have accelerated the adoption of hosiery products, making this region a key growth area in the global hosiery market.

North America is expected to grow at the fastest CAGR growth of the global hosiery market during the forecast period. Consumer demand for fashionable and comfortable apparel is propelling industry growth. The robust presence of online retailers facilitates meaningful engagement between consumers and brands. Businesses are increasingly utilizing big data analytics and machine learning to analyze customer preferences, enabling them to deliver targeted advertisements that align with consumer interests.

Competitive Analysis:

The report offers the appropriate analysis of the key organizations/companies involved within the global hosiery market along with a comparative evaluation primarily based on their product offering, business overviews, geographic presence, enterprise strategies, segment market share, and SWOT analysis. The report also provides an elaborative analysis focusing on the current news and developments of the companies, which includes product development, innovations, joint ventures, partnerships, mergers & acquisitions, strategic alliances, and others. This allows for the evaluation of the overall competition within the market.

List of Key Companies

• Renfro Corporation
• CSP International Fashion Group S.p.A.
• Golden Lady Company SpA
• Gildan Activewear Inc.
• Hanesbrands Inc.
• Spanx, LLC
• Adidas AG
• 2XU Pty Ltd.
• LVMH Group
• Carolina Hosiery, Inc.
• Centric Brands LLC
• Others

Key Market Developments

• In April 2022, Centric Brands LLC announced the acquisition of a subsidiary of Daytona Apparel Group, a retail firm owned by Windsong Brands. Now, Centric is the sole owner of Daytona Apparel Group's hosiery product segment. Daytona Apparel Group sells its hosiery products in stores all around the world under a variety of labels. As such, this acquisition boost Centric's business in a number of ways, including diversification, scalability, stronger ties with retailers, and general replenishment.

• In May 2022, Falke Unveiled New Socks for running without pressure. A novel design element in Falke's latest Pressure-Free sock helps to lessen the possibility of a hotspot forming over the footbridge. On top of the foot, Falke has placed a striated pad of channels that might move dynamically in reaction to foot movements. This relieves pressure buildup and helps to distribute movement pressure in this area.

Key Target Audience

• Market Players
• Investors
• End-users
• Government Authorities 
• Consulting And Research Firm
• Venture capitalists
• Value-Added Resellers (VARs)

Market Segment

This study forecasts revenue at global, regional, and country levels from 2020 to 2033. Spherical Insights has segmented the global hosiery market based on the below-mentioned segments: 

Global Hosiery Market, By Type

• Socks
• Stockings
• Tights
• Leggings

Global Hosiery Market, By Category

• Men
• Women

Global Hosiery Market, Distribution Channel

• Online
• Offline

Global Hosiery Market, By Regional

• North America
  • US
  • Canada
  • Mexico
• Europe
  • Germany
  • UK
  • France
  • Italy
  • Spain
  • Russia
  • Rest of Europe
• Asia Pacific
  • China
  • Japan
  • India
  • South Korea
  • Australia
  • Rest of Asia Pacific
• South America
  • Brazil
  • Argentina
  • Rest of South America
• Middle East & Africa
  • UAE
  • Saudi Arabia
  • Qatar
  • South Africa
  • Rest of the Middle East & Africa