USD 17 billion
Women’s Socks Market Size, Share, Growth Analysis, By Fibber Outlook(Cotton, Polyester and Other), By Distribution Channels(Online and Offline), By Region - Industry Forecast 2024-2031
Report ID:
SQMIG25K2036 |
Region:
Global |
Published Date: February, 2024
Pages:
157
|Tables:
60
|Figures:
75
Women’s Socks Market Insights
Women’s Socks Market size was valued at USD 17 billion in 2021 and is poised to grow from USD 17.82 billion in 2022 to USD 25.92 billion by 2030, growing at a CAGR of 4.8% in the forecast period (2023-2030).
The market for women's socks has grown faster than the entire garment industry due to this traditional item becoming a standard/luxury product. The rapid growth of the retail network in developing nations like China, Brazil, and India is mostly to blame for the market growth. These nations' growing populations and disposable money are projected to continue to fuel the retail sector, which in turn is boosting the need for women's socks. Women's socks are a type of clothing that is worn to protect the ankle and a portion of the leg. Cotton, polyester, rubber, and nylon are among the several textiles used in the production of women's socks. The products are available in different lengths, colours, patterns, and designs, considering comfort and fashion. Wearing socks has a number of advantages, including preserving the health and relaxation of the feet. Additionally, many women around the world choose women's fuzzy socks when they want to look fashionable and protect their feet. Because of its attractiveness and the growing popularity of smart business casual in corporate settings, women's socks have seen an increase in demand in recent years. Furthermore, throughout the forecast period, demand for women's socks is projected to rise due to the rising smartphone penetration rate, adoption of expensive fashion labels, e-commerce, and social media platforms in developing and developed nations. Several makers of women's socks were driven to launch their cheaper product alternatives as a result of this circumstance.
US Women’s Socks Market is poised to grow at a sustainable CAGR for the next forecast year.
Market snapshot - 2023-2030
Global Market Size
Largest Segment
Polyester
Fastest Growth
Polyester
Growth Rate
4.8% CAGR
Global Women's Socks Market 2022-2030 ($ Bn)
Country Share for Asia Pacific Region- 2022 (%)
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Women’s Socks Market Segmental Analysis
Global Women’s Socks Market is segmented on the basis of Fiber Outlook, Distribution Channel, and region. By Fiber Outlook, the market is segmented into Cotton, Polyester, and others. By Distribution Channels, Women’s Socks Market is segmented into, Online and Offline. By region, the Women’s Socks Market is divided into North America, Europe, Asia Pacific, Middle East and Africa, and Latin America.
Women’s Socks Market Analysis by Fiber Outlook
The polyester segment dominated the global market. Compounds with the ester functional group are present in polyester, a form of synthetic fiber. One of the most widely used fibers in the textile industry in the world, this fiber is made from petroleum. For the production of garments, this fiber provides a reliable and economically advantageous material. Consumers prefer polyester fiber for clothing since it can withstand all types of climatic conditions. Given all of these advantages, polyester is the material that is used the most in the textile industry to make clothing.
The others segment is anticipated to experience the fastest CAGR. Wool, acrylic, rubber, nylon, and others are also used to make socks, with rubber and nylon being the most common materials. While rubber has a good elastic quality, nylon fiber is strong and resistant. These fibers also provide the socks extra strength and suppleness. These fibers are inexpensive and widely accessible. The demand for the product is predicted to increase significantly over the forecast period.
Women’s Socks Market Analysis by Distribution Channels
The offline distribution channel dominated the global market. Examples of offline channels are exclusive shops, hypermarkets, supermarkets, and retail stores. Producers and vendors use the conventional retail channel to increase sales. The market includes organized retail channels that put the needs of the consumer first and provide better services by supplying a variety of socks to end users. Also, these stores give clients a choice of physical product confirmation, trials, and amenities, which helps the market generate cash.
The online distribution channel is expected to experience substantial growth. Genuine online shopping portals, increased internet usage, rising smart device usage, the availability of affordable products compared to offline channels, and the hassle-free payment alternatives offered by e-commerce.
Global Women's Socks Market Size By Fiber Outlook 2022(%)
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Women’s Socks Market Regional Insights
Europe dominated the global market in 2022. The market's revenue mostly comes from economically advanced countries like Germany, the U.K., and France. Three major variables are anticipated to have an impact on the market's growth: financially independent women, an increase in per capita income, and shifting fashion trends.
Asia Pacific is anticipated to experience the fastest CAGR of between 2023 and 2030. China and India have significantly aided the market's growth. The region is seeing extremely high demand for clothing as a result of its fastest-growing population and rising disposable income. Due to the low cost of labour and easy accessibility of raw resources, many multinational corporations are increasing their presence in this region, which will result in a higher percentage of working women.
Global Women's Socks Market Size By Geography, 2022-2030
- Largest
- Fastest
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Women’s Socks Market Dynamics
Women’s Socks Market Drivers
Increasing demand for comfortable and fashionable socks
- As fashion trends continue to evolve, socks are no longer just an accessory but an integral part of an outfit. Consumers are looking for socks that provide comfort and complement their overall style. sock manufacturers are introducing new designs and materials that offer both comfort and style. For example, seamless socks that reduce friction and irritation are becoming increasingly popular. Socks made from soft, breathable materials such as cotton, bamboo, and wool are also in high demand, as they provide the necessary comfort and insulation without sacrificing style.
Rising participation in sports and fitness activities
- As more women engage in sports and fitness activities, there is a growing demand for socks that offer additional support and cushioning and that are designed to meet the specific needs of athletes and fitness enthusiasts. compression socks have become increasingly popular among athletes, as they help to improve circulation and reduce muscle fatigue during exercise. Running socks with extra padding and arch support are also in high demand, as they provide the necessary cushioning and protection for runners. performance-enhancing features, socks designed for sports and fitness activities must also be durable, breathable, and moisture-wicking. This is because athletes and fitness enthusiasts often engage in high-intensity activities that cause their feet to sweat, which can lead to blisters, odor, and other foot problems
Women’s Socks Market Restraints
Competition from substitutes
- Stockings, tights, leggings, and other hosiery products offer similar benefits to socks, such as warmth, protection, and fashion appeal, which can cause consumers to choose these products over socks.
One of the main advantages of stockings and tights is their aesthetic appeal. They are often seen as a more fashionable option, particularly for formal or dressy occasions. This can make it challenging for sock manufacturers to compete on style alone. some consumers may find stockings and tights to be more versatile than socks. For example, stockings and tights can be worn with a wider range of footwear options, including dress shoes and sandals, while socks are typically worn with closed-toe shoes.
Availability of raw materials
- Price and availability of raw materials, such as cotton, wool, and synthetic fibers, can significantly impact the production and pricing of socks. Changes in weather patterns, crop yields, and other factors can cause fluctuations in the supply of raw materials. For example, a drought or a flood can impact the availability and quality of cotton, increasing prices. This can impact the production costs of sock manufacturers, which can, in turn, impact the pricing of socks. The cost of transportation and storage of raw materials can also impact the cost and availability of raw materials. This can be particularly challenging for manufacturers in remote locations or those who source their materials from distant suppliers.
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Women’s Socks Market Competitive Landscape
Several well-established firms as well as numerous small and medium-sized players, are present in the industry, which defines it. Manufacturers are putting much effort into new product introductions to keep up with consumers' evolving expectations around fashion. Women's socks are now available in 150 distinct styles on the websites of United Legwear & Apparel Co., LLC. In order to extend the longevity of the product, vendors are also attempting to develop novel preservation strategies. The largest number of celebrity endorsements by well-known companies has significantly influenced the market's growth.
Women’s Socks Market Top Player’s Company Profiles
- Nike, Inc.
- Adidas AG
- Under Armour, Inc.
- Hanesbrands Inc.
- Puma SE
- ASICS Corporation
- VF Corporation
- Falke KGaA
- Renfro Corporation
- Wigwam Mills Inc.
- Stance Inc.
- Balega LLC
- Bombas LLC
- Smartwool Corporation
- Gold Toe Brands Inc.
- Jockey International Inc.
- SOCKSADDICT.com
- Pantherella International Group Limited
- Happy Socks AB
- Darn Tough Vermont
Women’s Socks Market Recent Developments
- In March 2023, With Dutch 3D designer Eva Cremer’s, who is renowned for her upbeat, enjoyable, and mischievous artwork, H&M has released another fashion-forward spring collection for youngsters.
- In May 2022, as part of the women's international football competitions, Nike Inc. announced a partnership with England to launch a new line of sporting goods, including socks.
- In May 2022, the long-term cooperation between Adidas AG and Foot Locker Inc. was recently announced. Its goal is to increase the company's offering of clothing and footwear to the streetwear and spot communities.
- In June 2021, Leading sock producer and distributor Renfo recently announced that it had acquired private holding company Renco Group inc. This transaction was undertaken with the intention of bolstering the Renfo brand's potential for future expansion.
Women’s Socks Key Market Trends
- Compression socks are becoming increasingly popular among women, particularly those who participate in sports or have circulation problems. Compression socks apply pressure to the legs, ankles, and feet, which helps to improve circulation and reduce swelling, fatigue, and soreness. They are especially beneficial for runners, cyclists, and other athletes who require improved muscle blood flow during exercise. Compression socks are also becoming more fashionable. Manufacturers are offering a wide range of styles, colors, and patterns to cater to the growing demand for compression socks that are both functional and stylish. Many compression socks are designed to look like regular socks, making them easy to wear with a variety of outfits.
Women’s Socks Market SkyQuest Analysis
SkyQuest’s ABIRAW (Advanced Business Intelligence, Research & Analysis Wing) is our Business Information Services team that Collects, Collates, Co-relates and Analyses the Data collected by means of Primary Exploratory Research backed by the robust Secondary Desk research.
According to our global women's socks market analysis, the market growth is driven by the increasing demand for comfortable and fashionable socks and the rising participation of women in sports and fitness activities. Several factors, however, can restrain the growth of this market, including competition from substitutes, availability of raw materials, and fluctuating prices. To remain competitive, sock manufacturers must focus on product differentiation, sustainable sourcing practices, and effective supply chain management. With increasing demand for comfortable and fashionable socks and rising participation in sports and fitness activities, this market presents opportunities for both established players and new entrants.
| Report Metric | Details |
|---|---|
| Market size value in 2021 | USD 17 billion |
| Market size value in 2030 | USD 25.92 billion |
| Growth Rate | 4.8% |
| Base year | 2023 |
| Forecast period | 2023-2030 |
| Forecast Unit (Value) | USD Billion |
| Segments covered |
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| Regions covered | North America (US, Canada), Europe (Germany, France, United Kingdom, Italy, Spain, Rest of Europe), Asia Pacific (China, India, Japan, Rest of Asia-Pacific), Latin America (Brazil, Rest of Latin America), Middle East & Africa (South Africa, GCC Countries, Rest of MEA) |
| Companies covered |
|
| Customization scope | Free report customization with purchase. Customization includes:-
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Table Of Content
Executive Summary
Market overview
- Exhibit: Executive Summary – Chart on Market Overview
- Exhibit: Executive Summary – Data Table on Market Overview
- Exhibit: Executive Summary – Chart on Women’s Socks Market Characteristics
- Exhibit: Executive Summary – Chart on Market by Geography
- Exhibit: Executive Summary – Chart on Market Segmentation
- Exhibit: Executive Summary – Chart on Incremental Growth
- Exhibit: Executive Summary – Data Table on Incremental Growth
- Exhibit: Executive Summary – Chart on Vendor Market Positioning
Parent Market Analysis
Market overview
Market size
- Market Dynamics
- Exhibit: Impact analysis of DROC, 2021
- Drivers
- Opportunities
- Restraints
- Challenges
- Exhibit: Impact analysis of DROC, 2021
- SWOT Analysis
KEY MARKET INSIGHTS
- Technology Analysis
- (Exhibit: Data Table: Name of technology and details)
- Pricing Analysis
- (Exhibit: Data Table: Name of technology and pricing details)
- Supply Chain Analysis
- (Exhibit: Detailed Supply Chain Presentation)
- Value Chain Analysis
- (Exhibit: Detailed Value Chain Presentation)
- Ecosystem Of the Market
- Exhibit: Parent Market Ecosystem Market Analysis
- Exhibit: Market Characteristics of Parent Market
- IP Analysis
- (Exhibit: Data Table: Name of product/technology, patents filed, inventor/company name, acquiring firm)
- Trade Analysis
- (Exhibit: Data Table: Import and Export data details)
- Startup Analysis
- (Exhibit: Data Table: Emerging startups details)
- Raw Material Analysis
- (Exhibit: Data Table: Mapping of key raw materials)
- Innovation Matrix
- (Exhibit: Positioning Matrix: Mapping of new and existing technologies)
- Pipeline product Analysis
- (Exhibit: Data Table: Name of companies and pipeline products, regional mapping)
- Macroeconomic Indicators
COVID IMPACT
- Introduction
- Impact On Economy—scenario Assessment
- Exhibit: Data on GDP - Year-over-year growth 2016-2022 (%)
- Revised Market Size
- Exhibit: Data Table on Women’s Socks Market size and forecast 2021-2027 ($ million)
- Impact Of COVID On Key Segments
- Exhibit: Data Table on Segment Market size and forecast 2021-2027 ($ million)
- COVID Strategies By Company
- Exhibit: Analysis on key strategies adopted by companies
MARKET DYNAMICS & OUTLOOK
- Market Dynamics
- Exhibit: Impact analysis of DROC, 2021
- Drivers
- Opportunities
- Restraints
- Challenges
- Exhibit: Impact analysis of DROC, 2021
- Regulatory Landscape
- Exhibit: Data Table on regulation from different region
- SWOT Analysis
- Porters Analysis
- Competitive rivalry
- Exhibit: Competitive rivalry Impact of key factors, 2021
- Threat of substitute products
- Exhibit: Threat of Substitute Products Impact of key factors, 2021
- Bargaining power of buyers
- Exhibit: buyers bargaining power Impact of key factors, 2021
- Threat of new entrants
- Exhibit: Threat of new entrants Impact of key factors, 2021
- Bargaining power of suppliers
- Exhibit: Threat of suppliers bargaining power Impact of key factors, 2021
- Competitive rivalry
- Skyquest special insights on future disruptions
- Political Impact
- Economic impact
- Social Impact
- Technical Impact
- Environmental Impact
- Legal Impact
Market Size by Region
- Chart on Market share by geography 2021-2027 (%)
- Data Table on Market share by geography 2021-2027(%)
- North America
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- USA
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Canada
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Europe
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- Germany
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Spain
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- France
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- UK
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Rest of Europe
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Asia Pacific
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- China
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- India
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Japan
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- South Korea
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Rest of Asia Pacific
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Latin America
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- Brazil
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Rest of South America
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Middle East & Africa (MEA)
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- GCC Countries
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- South Africa
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Rest of MEA
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
KEY COMPANY PROFILES
- Competitive Landscape
- Total number of companies covered
- Exhibit: companies covered in the report, 2021
- Top companies market positioning
- Exhibit: company positioning matrix, 2021
- Top companies market Share
- Exhibit: Pie chart analysis on company market share, 2021(%)
- Total number of companies covered
Methodology
For the Women’s Socks Market, our research methodology involved a mixture of primary and secondary data sources. Key steps involved in the research process are listed below:
1. Information Procurement: This stage involved the procurement of Market data or related information via primary and secondary sources. The various secondary sources used included various company websites, annual reports, trade databases, and paid databases such as Hoover's, Bloomberg Business, Factiva, and Avention. Our team did 45 primary interactions Globally which included several stakeholders such as manufacturers, customers, key opinion leaders, etc. Overall, information procurement was one of the most extensive stages in our research process.
2. Information Analysis: This step involved triangulation of data through bottom-up and top-down approaches to estimate and validate the total size and future estimate of the Women’s Socks Market.
3. Report Formulation: The final step entailed the placement of data points in appropriate Market spaces in an attempt to deduce viable conclusions.
4. Validation & Publishing: Validation is the most important step in the process. Validation & re-validation via an intricately designed process helped us finalize data points to be used for final calculations. The final Market estimates and forecasts were then aligned and sent to our panel of industry experts for validation of data. Once the validation was done the report was sent to our Quality Assurance team to ensure adherence to style guides, consistency & design.
Analyst Support
Customization Options
With the given market data, our dedicated team of analysts can offer you the following customization options are available for the Women’s Socks Market:
Product Analysis: Product matrix, which offers a detailed comparison of the product portfolio of companies.
Regional Analysis: Further analysis of the Women’s Socks Market for additional countries.
Competitive Analysis: Detailed analysis and profiling of additional Market players & comparative analysis of competitive products.
Go to Market Strategy: Find the high-growth channels to invest your marketing efforts and increase your customer base.
Innovation Mapping: Identify racial solutions and innovation, connected to deep ecosystems of innovators, start-ups, academics, and strategic partners.
Category Intelligence: Customized intelligence that is relevant to their supply Markets will enable them to make smarter sourcing decisions and improve their category management.
Public Company Transcript Analysis: To improve the investment performance by generating new alpha and making better-informed decisions.
Social Media Listening: To analyze the conversations and trends happening not just around your brand, but around your industry as a whole, and use those insights to make better Marketing decisions.
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