Socks Market Size 2024-2028: Key Trends, Drivers, and Challenges

The global socks market is forecast to experience significant growth, with a projected increase of USD 16.45 billion at a compound annual growth rate (CAGR) of 5.82% from 2023 to 2028. Several factors are driving the demand for socks, including rising consumer interest in specialized sock products, an increase in sales of sports shoes, and the expansion of the socks industry into healthcare applications. The market caters to a variety of segments, with notable growth in both professional and healthcare socks.

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Market Segmentation

The socks industry is segmented based on distribution channels, product types, and geographical regions. These segments reflect the growing diversity of sock offerings that cater to a wide range of consumer needs.

By Distribution Channel:

• Offline: This segment is expected to see significant growth during the forecast period. Hypermarkets and supermarkets are key channels for white-collar professionals and healthcare workers seeking essential shoe accessories.
• Online: This segment has also seen increased adoption as consumers look for convenience and a wider range of products.

By Product Type:

• Plain knitted
• Rib knitted
• Terry knitted

By Geography:

• APAC (Asia-Pacific)
  • China
• Europe
  • Germany
  • UK
• North America
  • US
• South America
• Middle East and Africa

Market Dynamics

Drivers:

The rising demand for specialized socks is a significant driver of market growth. White-collar professionals, sports enthusiasts, and healthcare workers are fueling the demand for various sock types. The growth of sports shoes sales and the introduction of products designed for healthcare purposes, such as diabetic socks, further support this demand. The incorporation of Podolite technology in diabetic socks is especially notable in addressing foot complications like ulcers and infections. Additionally, raw materials such as cotton and wool continue to be integral to sock production.

Trends:

A key trend shaping the socks industry is the development of socks with advanced features. The launch of socks designed to track temperature, movement, and location, especially for infants, highlights the increasing demand for innovation in the market. The focus on health-conscious products is driving interest in specialized socks, such as compression socks and grip socks, which are designed to improve circulation, enhance comfort, and provide relief from foot-related health issues.

Challenges:

A major challenge facing the socks market is the growing preference for synthetic fibers due to their affordability and favorable properties, such as high strength and quick-drying capabilities. These synthetic alternatives often compete with traditional materials like cotton and wool. However, despite this challenge, specialized socks that cater to medical needs continue to perform well in the market.

Regional Market Trends

• APAC is expected to contribute 31% to the global market growth during the forecast period, driven by increased demand in key regions such as China.
• Europe: Countries like Germany and the UK are major contributors to the growth of the socks market in Europe.
• North America: The US remains a dominant player in the socks market, benefiting from increasing demand for athletic and specialized socks.
• South America and the Middle East & Africa: These regions are experiencing gradual growth, particularly in response to the adoption of health-focused products.

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Key Market Players

The competitive landscape of the socks market includes a range of established brands. Companies are focusing on strategies such as partnerships, mergers, and geographical expansion to enhance their market presence. Key players include:

• Adidas AG
• ASICS Corp.
• Drew Brady and Co Ltd.
• Drymax Technologies Inc.
• FALKE KGaA
• Glen Clyde Co., Ltd.
• Hanesbrands Inc.
• Implus Footcare LLC
• Jockey International Inc.
• John Smedley Ltd.
• Nike Inc.
• OEJBRO ENGROS AB
• Pantherella International Group Ltd.
• Patagonia Inc.
• PUMA SE
• Ralph Lauren Corp.
• Skechers USA Inc.
• Swedish Socks AB
• Thorlos
• Under Armour Inc.

Recent Developments:

• January 2025: Nike Inc. launched a new line of socks designed with innovative moisture-wicking technology aimed at athletes.
• December 2024: Adidas AG introduced eco-friendly socks made from recycled materials, in line with their sustainability efforts.
• November 2024: Hanesbrands Inc. unveiled a new range of diabetic socks designed to reduce irritation and enhance circulation for healthcare patients.

The socks market is evolving rapidly, driven by the growing need for both general and specialized socks. The combination of health-conscious consumer demand and technological innovation is set to sustain this growth, particularly in regions like APAC and North America.