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Socks Market to Reach US$ 4.3 Billion 2024-2032, Driven by 4.45% CAGR: IMARC Group

Socks Market

The global socks market size reached US$ 2.9 Billion in 2023.

BROOKLYN, NY, UNITED STATES, January 31, 2024 /EINPresswire.com/ — The latest report by IMARC Group, titled “Socks Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2024-2032”, offers a comprehensive analysis of the industry, which comprises insights on socks market share. The report also includes competitor and regional analysis, and contemporary advancements in the global market.

The global socks market size reached US$ 2.9 Billion in 2023. Looking forward, IMARC Group expects the market to reach US$ 4.3 Billion by 2032, exhibiting a growth rate (CAGR) of 4.45% during 2024-2032.

Socks, a fundamental component of everyday attire, offer both practicality and comfort. These textile foot coverings serve various purposes, from providing insulation and moisture-wicking properties to enhancing foot hygiene. In terms of benefits, socks help regulate temperature by keeping feet warm in colder climates and facilitating breathability in warmer weather. They act as a barrier, reducing friction between the feet and shoes, thereby preventing blisters and discomfort. Beyond the functional aspects, socks contribute to personal style and expression, with a diverse range of colors, patterns, and materials available to suit individual preferences. From a market research standpoint, the sock industry reflects evolving fashion trends and technological innovations, such as moisture-wicking fabrics and sustainable materials. As consumers increasingly prioritize comfort and style, staying informed about these trends is crucial for businesses in the textile and fashion sectors.

Get a Sample Copy of this Report: https://www.imarcgroup.com/socks-market/requestsample

Market Trends:

The increasing emphasis on fashion and personal expression is driving the global market. The market benefits from a consumer base that seeks diverse sock designs, colors, and materials to complement their personal style. Moreover, the growing awareness of sustainable and ethically produced fashion has positively influenced the socks market. Consumers are increasingly mindful of the environmental and social impact of their purchases, leading to a rising demand for eco-friendly and responsibly sourced sock options. This shift has prompted manufacturers to adopt sustainable practices, including the use of organic materials and ethical manufacturing processes. Furthermore, the sports and fitness trend also contribute significantly to the socks market. As more individuals engage in various physical activities, the demand for performance-oriented socks with moisture-wicking, cushioning, and ergonomic features has increased. This athletic segment of the market continues to expand, driven by innovations that enhance comfort and functionality during sports and exercise.

E-commerce and digital platforms play a pivotal role in augmenting the socks market, providing consumers with convenient avenues to explore and purchase a wide array of options. Online retail expands market reach and allows for the introduction of niche and specialty sock brands that cater to specific consumer preferences. Additionally, technological advancements in sock manufacturing contribute to market growth. Innovations such as seamless knitting techniques, antimicrobial treatments, and smart textiles that monitor foot health enhance the overall quality and appeal of socks. These technological enhancements not only improve the performance aspects of socks but also contribute to their longevity, aligning with consumer expectations for durable and high-quality products. Besides, the socks market benefits from the cyclical nature of fashion trends. As fashion styles evolve, socks often play a key role in accessorizing and completing an outfit. This cyclicality stimulates consumer interest and prompts regular sock purchases to stay in line with current fashion trends.

View Full Report with TOC & List of Figure: https://www.imarcgroup.com/socks-market

Competitive Landscape:

The competitive landscape of the market has been studied in the report with the detailed profiles of the key players operating in the market.

• Adidas AG
• ASICS Corporation
• Drymax Technologies Inc.
• Hanesbrands Inc
• Implus Footcare LLC
• Nike Inc
• Puma SE
• Renfro Brands
• Thorlos
• Under Armour Inc

Explore Top Companies Blog by IMARC Group: https://www.imarcgroup.com/socks-manufacturing-companies

Socks Market Segmentation:

Our report has categorized the market based on region, product, material, application and distribution channel.

Breakup by Product:

• Casual
• Formal
• Athletic
• Others

Breakup Material:

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

Breakup by Application:

• Men
• Women
• Children

Breakup by Distribution Channel:

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

Breakup by Region:

• North America (United States, Canada)
• Europe (Germany, France, United Kingdom, Italy, Spain, Others)
• Asia Pacific (China, Japan, India, Australia, Indonesia, Korea, Others)
• Latin America (Brazil, Mexico, Others)
• Middle East and Africa (United Arab Emirates, Saudi Arabia, Qatar, Iraq, Other)

Key highlights of the report:

• Market Performance (2018-2023)
• Market Outlook (2024-2032)
• Porter’s Five Forces Analysis
• Market Drivers and Success Factors
• SWOT Analysis
• Value Chain
• Comprehensive Mapping of the Competitive Landscape

About Us

IMARC Group is a leading market research company that offers management strategy and market research worldwide. We partner with clients in all sectors and regions to identify their highest-value opportunities, address their most critical challenges, and transform their businesses.

IMARC’s information products include major market, scientific, economic and technological developments for business leaders in pharmaceutical, industrial, and high technology organizations. Market forecasts and industry analysis for biotechnology, advanced materials, pharmaceuticals, food and beverage, travel and tourism, nanotechnology and novel processing methods are at the top of the company’s expertise.

Elena Anderson
IMARC Services Private Limited
+1 631-791-1145
email us here

Originally published at https://www.einpresswire.com/article/685370035/socks-market-to-reach-us-4-3-billion-2024-2032-driven-by-4-45-cagr-imarc-group

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