Global Socks Market Insights Forecasts to 2033

• The Global Socks Market Size was Valued at USD 48.04 Billion in 2023
• The Market Size is Growing at a CAGR of 5.65% from 2023 to 2033
• The Worldwide Socks Market Size is Expected to Reach USD 83.26 Billion by 2033
• Europe is Expected to Grow the fastest during the forecast period.

The Global Socks Market Size is Anticipated to Exceed USD 83.26 Billion by 2033, Growing at a CAGR of 5.65% from 2023 to 2033.   

Market Overview

A sock is like a cozy shield for feet, woven from fabric to wrap snugly around them. The sock stretches from toes to just above the ankle, or sometimes even higher, offering a layer of warmth and cushioning. More than just comfort, socks act as a barrier, protecting  skin from the constant rub of shoes and the cold underfoot, making each step feel a little softer, a little warmer, and a lot more comfortable. Sock absorbs the daily sweat that feet produce, keeping things dry and comfortable. Socks serve as protection in cold times, keeping feet cozy. Additionally, they minimize smells and skin irritation by serving as a protection layer between foot and the shoe, reducing friction and promoting better hygiene. There is a wide variety of styles of socks to choose from, including elegant dress socks for formal occasions, sporty ankle socks for a sporty vibe, and comfy crew socks for casual outings. Every pattern fits particular shoes and events, so it's simple to dress up any look. The socks industry is expanding rapidly due to a number of factors, including rising consumer interest in fashion, e-commerce's global expansion, increased consumer awareness of health and wellbeing, and the influence of social media platforms. Rapid technical development and a greater focus on sustainability are also important factors contributing to this optimistic trend.

Report Coverage

This research report categorizes the market for the global socks 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 socks 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 socks market.

Driving Factors

The rising trend of athleisure wear, alongside a growing fitness consciousness, is fueling the demand for sports and performance socks. Advances in materials and manufacturing processes have led to the development of high-performance socks, further boosting socks market revenue. Additionally, increased emphasis on sustainability through the use of eco-friendly materials and collaborations with fashion designers, celebrities, and influencers are making the market even more attractive. Since e-commerce platforms make a vast array of products available to customers worldwide, the socks market has undergone considerable position. Convenience, variety, and the ability to compare products and reviews are all provided by online purchasing. The convenience and security of shopping for socks from home have led to an increase in consumer preference.

Restraining Factors

The growth of less expensive substitutes hampers the sock industry by encouraging customers to choose less expensive models made of inferior materials. This trend undercuts premium brands, causing the market to become saturated with inexpensive products and a drop in perceived value, which eventually hinders industry growth and innovation.

Market Segmentation

The global socks market share is classified into product, material, application, and distribution channel.

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

Based on the product, the global socks market is categorized into casual, formal, athletic, and others. Among these, the casual segment is expected to hold the largest share of the global socks market during the forecast period. Casual socks are designed for everyday comfort and style, perfect for settings ranging from cozy homes to bustling offices. Crafted from a blend of cotton, polyester, and spandex, they offer breathability, durability, and a snug fit that keeps feet feeling great all day. With an impressive array of designs, patterns, and colours to choose from, these socks cater to diverse tastes, making them a key driver of growth in the global socks market.

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

Based on the material, the global socks market is categorized into nylon, cotton, polyester, wool, waterproof breathable membrane, and others. Among these, the cotton segment is expected to grow at the fastest CAGR during the forecast period. Cotton socks are preferred since they are comfortable, wick away moisture, and are hypoallergenic, which makes them perfect for daily use. Their range of patterns and reasonable prices encourage market growth, and customer preferences for eco-friendly products are being matched by the growing need for natural and sustainable fibres.

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

Based on the application, the global socks market is categorized into men, women, and children. Among these, the men segment is expected to hold a significant share of the global socks market during the forecast period. Men's socks are a multipurpose essential that goes well with formal events, casual get-togethers, and sporting events. They offer comfort and durability and come in a variety of materials, including cotton, wool, and mixtures of synthetic materials. Innovations like moisture-wicking materials, padded bottoms, and fashionable styles are setting new standards and opening up new markets for socks.

• The supermarkets and hypermarkets segment is predicted to dominate the global socks market during the forecast period.

Based on the distribution channel, the global socks market is categorized into supermarkets and hypermarkets, convenience stores, online stores, and others. Among these, the supermarkets and hypermarkets segment are predicted to dominate the global socks market during the forecast period. The market for socks is expanding because they are easily accessible, come in a variety of styles, and are convenient to purchase with groceries. The opportunity to check products, obtain discounts, and explore multiple brands enhances the shopping experience, while strategic placement in high-traffic locations encourages impulse purchases with supermarkets and hypermarkets and boosts global socks market growth.

Regional Segment Analysis of the Global Socks 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 socks market over the forecast period.

Asia-Pacific is projected to hold the largest share of the global socks market over the forecast period. Asia Pacific's socks industry continues to grow due to the region's large population, rising disposable incomes, and growing fashion consciousness. Fast urbanization and the growing middle class are driving up demand for both specialty and everyday socks. Coupled with solid manufacturing capabilities and easy access to economical raw materials, this region has become a significant production hub, strengthening market share. In addition, the proliferation of e-commerce sites and the growth of physical stores are improving accessibility and diversity, resulting in a dynamic environment that drives impressive socks market growth.

Europe is expected to grow at the fastest CAGR growth of the global socks market during the forecast period. Europe's socks market is set to experience robust growth, driven by fast industrial development and rising disposable incomes resulting from strong economic progress. In recent years, evolving fashion trends and lifestyle shifts, particularly the increased use of footwear, have played a significant role in this growth. Moreover, many companies are now focusing on manufacturing customized socks specifically designed for sports professionals, adding another layer of demand to the socks market.

Competitive Analysis:

The report offers the appropriate analysis of the key organizations/companies involved within the global socks 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

• Skechers USA, Inc.
• Hanesbrands Inc.
• Under Armour, Inc.
• VF Corporation
• Jockey International Inc.
• Drymax Technologies Inc.
• Nike Inc.
• Puma S.E.
• Adidas A.G.
• Asics Corporation
• Thorlo
• Renfro Brands
• Others

Key Market Developments

• In December 2023, The Stüssy x Nike Air Flight 89 collection, which includes a variety of hoodies, jackets, tops, sweatpants, and socks, was introduced by Nike Inc. in collaboration with STÜSSY. The series featured classic DRIFIT socks with simple contrast branding on the ribbing of the socks.
• In December 2023, Under Armour, Inc. debuted its first outlet location at London, UK's O2, a multipurpose indoor arena. Part of the brand's new Factory House retail concept, the store is designed. This 3,949-square-foot boutique sells accessories, shoes, and athletics.

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 socks market based on the below-mentioned segments: 

Global Socks Market, By Product

• Casual
• Formal
• Athletic
• Others

Global Socks Market, By Material

• Nylon
• Cotton
• Polyester
• Wool
• Waterproof Breathable Membrane
• Others

Global Socks Market, By Application

• Men
• Women
• Children

Global Socks Market, By Distribution Channel

• Supermarkets and Hypermarkets
• Convenience Stores
• Online Stores
• Others

Global Socks 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