Global Socks Market By Product Type (Mid-Calf Socks, Ankle Length Socks and Others), By Material Type (Nylon, Cotton, Polyester, Wool), By End-User (Men, Women, Kids), By Distribution Channel (Wholesale and Others) and By Region – Global Forecast 2030

Socks Market Overview:

The Global Socks Market is projected to be US$ 37,987.2 Mn in 2021 to reach US$ 64,740.9 Mn by 2031 at a CAGR of 6.1%.

A sock is a piece of clothing worn on the feet, usually covering part of the ankle or calf. Socks can protect the feet from dust, germs, blisters, fungus and keep the feet in a good space. Socks are available in various materials, lengths, shapes, sizes, colors, patterns, and styles. Socks can be manufactured using several different materials, such as cotton, nylon, wool and polyester. Different types of socks are available depending on their lengths, such as ankle-length socks, mid-calf socks, athletic socks, etc.

Global Socks Market Revenue (US$ Mn), 2021–2031Increasing demand for socks as an essential workwear accessory among men, children, and women is expected to drive the target market's growth. In the last few years, the demand for socks has increased owing to its attractiveness and acceptance of smart business casuals to show professionalism in corporate offices and schools. This is one of the major factors expected to propel the demand for socks market subsequently. Moreover, the increasing penetration of smartphone users, e-commerce, the popularity of luxurious fashion brands, and social media websites in developing and developed countries is expected to augment demand for socks in the coming years. This factor has forced several socks manufacturers to launch their product variants at discounted prices.

In addition, several manufacturers also allow various value-added services, including cash-on-delivery services and discounts on payment options, that further raise online shopping activities. Such factors are further expected to drive the sales growth of socks and other footwear related products. However, an outbreak of the COVID-19 pandemic in early 2020 has brought a negative impact on almost every industry.

The subsequent global lockdown has severely impacted economies across the world. On the other hand, the government of several countries' trade restrictions also affected the supply of raw materials to clothing and other textile industries. This had led to price fluctuations and sudden shortages of raw materials, as well as end-products.

Global Socks Market Attractiveness Analysis by Product Type, 2014–2030The global socks market is segmented into product type, material, end-user, distribution channel, and region. The product type is segmented into mid-calf socks, ankle-length socks, knee-length socks, and specialty socks. The ankle-length socks segment is expected to account for a significant revenue share in the target market among the product type segments. Moreover, increasing used of socks in sports activities such as cycling and running providing growth opportunities.

Based on material, the market is segmented into nylon, cotton, polyester and wool. Cotton is an ideal material used by several manufacturers owing to its comfortable and natural sweat absorption properties. The men segment is expected to register a higher revenue growth among the end-user segments due to increasing socks by professionals and the working population. The supermarkets & hypermarkets segment accounts for the highest revenue based on distribution channels due to its easy availability.

Based on region, the global socks market is segmented as North America, Europe, Asia-Pacific, South America, and MEA. Among the regions, revenue from the market in Asia-Pacific is expected to register a major revenue share in the global socks market due to rapid growth urbanization, increasing working age population, and increased use of consumer products in developing countries such as India and China. The North America market accounts for second-highest revenue share in the global market and is expected to register a CAGR of 6.2% during the forecast period.

Global Socks Market Segmentation Based on Product Type, Material Type, End-user, Distribution Channel and Region

Based on Product Type

• Mid-Calf Socks
• Ankle Length Socks
• Knee Length Socks
• Specialty Socks

Based on Material Type

• Nylon
• Cotton
• Polyester
• Wool

Based on End-User

• Men
• Women
• Kids

Based on Distribution Channel

• Wholesale
• Supermarkets & Hypermarkets
• Online Retail
• Other Distribution Channels

Based on Region

• North America
• Europe
• Asia Pacific
• South America
• Middle East & Africa