Market Size of Socks Industry
| Study Period | 2024 - 2029 |
| Base Year For Estimation | 2023 |
| CAGR | 6.80 % |
| Fastest Growing Market | Asia-Pacific |
| Largest Market | North America |
| Market Concentration | Low |
Major Players.webp)
*Disclaimer: Major Players sorted in no particular order |
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Socks Market Analysis
The socks market is projected to record a CAGR of 6.8% over the next five years.
- The demand for socks and other types of hosiery from athletes and people leading active lifestyles is anticipated to increase due to the rising per-capita income. Socks are also helpful for hydrophobic individuals since they absorb extra sweat and improve function. Moreover, yoga and meditation, which are becoming more and more popular in cities, make use of socks. Also, the usage of socks in the fitness and health sector by athletes, bodybuilders, and regular people seeking a healthy lifestyle is anticipated to have an impact on the market expansion.
- The demand for eco-friendly and sustainable socks is expected to drive market growth in the coming years. Additionally, the increasing adoption of e-commerce platforms for the sale of socks is expected to further boost market growth, as these platforms allow consumers to browse and purchase a wide range of socks from the comfort of their homes.
- The increasing trend of formal clothing among white-collar professionals is anticipated to play a vital role in boosting product demand. This, in turn, is estimated to increase market growth over the forecast period. Furthermore, growing spending on health, as well as fitness, is anticipated to fuel the demand for different footwear accessories that include sports socks and ankle socks.
- Over the last couple of years, different healthcare professionals have increased their spending on publishing several research papers on keeping the feet healthy in light of growing occurrences of foot disorders related to diabetic patients. India has the second-largest diabetic population in the world, which is expected to grow significantly in the upcoming years. As foot care is crucial for diabetics, socks are recommended by health care professionals.
- Medical specialists recommend diabetic socks to patients with conditions like foot ulcers and other infections brought on by diabetes. Moreover, innovations and investments by the leading players have led to the development of diabetic socks, which are designed to keep feet dry, enhance blood circulation, and decrease the risk of a foot injury. The socks are designed to address foot-related issues and improve foot health.
