The Women's Socks Market is projected to grow steadily at a 5.9% value CAGR, during the forecast period 2022 to 2032. Earlier in 2021, this market was projected to have a global market valuation worth USD 17.5 Billion and is expected to reach a sum of USD 30.25 Billion by 2032.
With the introduction of luxury and for specific applications, socks have changed from commodities to fashion products in the last few years. The growth of the women's socks market outperforms the growth of the apparel sector as a whole due to the transformation of this traditional item into a standard/luxury item.
A significant part of the market's growth can be attributed to the rapid expansion of the retail network in emerging economies like China, Brazil, and India. With a growing population and disposable income in these countries, it is likely that the retail industry will continue to thrive, which will in turn boost demand for women's socks.
Women's socks are a type of clothing used to protect the ankle and a part of the leg. Different types of fabrics are used to manufacture women's socks, including polyester, cotton, rubber, and nylon. The products are available in different lengths, patterns, colors, as well as designs, ensuring comfort and style.
Socks provide many benefits, including keeping the feet relaxed and free of foot problems. Furthermore, women's fuzzy socks are a popular choice for many women around the world who want to protect their feet while looking stylish.
Among the various kinds of distribution channels, the products sold through the offline channels like hypermarkets and the supermarkets have seen the maximum sales. It occupied a global market share of 76% and is expected to grow steadily during the forecast period, 2022 to 2032.
| Attribute | Details |
|---|---|
| Global Growth Rate (2022 to 2032) | 5.9% CAGR |
| Estimated market value in 2021 | USD 17.5 Billion |
| Projected market value in 2022 | USD 18.13 Billion |
| Projected market value by 2032 | USD 30.25 Billion |
This market is expected to gain a global market valuation of USD 18.13 Billion by the end of 2022. During the past two years, the demand for women's socks has risen due to their attractiveness and the acceptance of smart casuals as a way to express professionalism at work.
Furthermore, the increasing penetration of smartphones and the acceptance of lavish fashion brands, e-commerce, and social media websites in emerging and advanced economies will likely drive the demand for women's socks over the forecast period.
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Women’s socks as a Significant Part of the Corporate Attire
Business casuals are increasingly accepted in corporate workplaces due to their professionalism and attractive nature. This has increased the demand for women's socks. As women's socks become an increasingly prominent workwear accessory, they are anticipated to drive the target market's growth.
Socks can be made to support the arch by simply increasing the strength of the knitting in the arches. Certain socks are designed for specific jobs, such as those requiring toe caps on footwear. To keep them warm while working in toe caps during cold weather, this type of sock may have thicker insulation at the toe.
It is imperative to wick away moisture from hard working feet, which is why many types of work socks have been designed to do just that. In addition to eliminating moisture, today's work socks also have antibacterial properties. Wool, bamboo, and other fibers in socks maintain a comfortable temperature and keep feet dry.
This is why the working group of women always prefer going for socks as an important part of their corporate attire.
Women Athletes are going to Drive Demand in the Market
Growing numbers of women choosing sports as a career option are driving the demand for compression socks. It is common to wear compression socks during sports activities to increase oxygen delivery and blood flow and to reduce jarring, vibration, and muscle stress. Athletic performance and endurance are improved as a result.
Increasing circulation lowers swelling and increases blood flow, which reduces achy and heavy legs. When the ankles and feet swell, that is an indication for immediate help. Wearing compression socks will help them move more comfortably again. The athletes will also feel more relaxed when wearing them.
A race's starting line is increasingly adorned with compression socks due to their ability to reduce muscle strain and help legs recover faster during a workout or an exercise. Additionally, they increase circulation, reducing muscle fatigue during a run.
The socks also prevent the build-up of lactic acid in tired muscles as part of a recovery strategy. Hence, they're also making an appearance in cycling to relieve calf muscles that have become tired. These factors are enhancing the growth of the women's socks market, especially for the compression factor in them.
Skin infections will affect the growth of this market
Manufacturers are also working on other types of footwear that would not require the wearer to wear a sock. These include slippers, sandals, heels and hill wearable footwear. Open-toed shoes are worn in wet areas and may get wet. In such scenarios there is no need for socks, and the demand for socks goes down.
Furthermore, improper use of materials for women can lead to various skin infections and diseases. Socks that do not have the same moisture-wicking properties can hold moisture against the skin once wet. As a result of wicking moisture away from the skin, blisters and skin infections are less likely to occur.
Cotton socks, which are any other color but white, have been dyed that color as well. These dyes can be toxic and further increase the risk of skin infections, such as athlete’s foot fungus.
Cotton socks of any color other than white have also been dyed. In addition to being toxic, these dyes increase the risk of developing skin infections like athlete's foot. Thus, these reasons can adversely affect the growth of the women's socks market.
Principal Consultant
Better foot health concerns will drive the market in the Asia Pacific
The Asia-Pacific (APAC) region is expected to grow at a 5.8% CAGR between 2022 and 2032, capturing 40% revenue. China and India are major contributors to the market's growth. The region is seeing huge demand for apparel as a consequence of its growing population and rising disposable income.
The diabetic population in India is the second largest in the world, and is expected to grow significantly in the coming years. Diabetics need to take good care of their feet, which is why socks are recommended.
Moreover, the leading players have invested in innovations and developed diabetic socks designed to keep feet dry, maximize blood circulation, and diminish the risk of foot injury.
By addressing foot-related problems, the socks aim to improve foot health. A moisture-wicking material allows sweat to evaporate and prevents bacterial infection. The socks are also made with fine-textured fabrics like wool and bamboo, as well as blister-protection yarn to reduce abrasion. As a result, sock manufacturing in India is booming.
As a result of lower labor costs and easy accessibility of raw materials, many multinational companies are expanding in this region, which will result in more working women. This will also increase the sales of women's socks in the APAC region. Thus, the forecast period is expected to see the highest CAGR in the region.
Growing Corporate Jobs for women to boost the Market
Approximately 32% of 2021's market share was accounted for by Europe. The well-developed economies of the UK., Germany, and France account for the majority of market revenue. Financially independent women, higher per capita income, and changing fashion trends are all factors projected to influence the market's growth.
Among the major factors driving growth in the European socks market are rising disposable incomes, a shift towards sports and athletic activities, a growing retail sector, and the necessity of maintaining formal attire in corporate offices. Increasing consumer awareness of hygiene and the occurrence of foot disorders are also contributing to the growth of the socks industry.
As the penetration of corporate offices grows in developing regions, the market is expected to grow faster. This will enhance growth opportunities for the women's socks market. Thus, this region is expected to contribute significantly during the forecast period.
Eco-friendly Consumers to Generate New Growth Avenues
The North American market was responsible for 20% of the global revenue in 2021. Key industry participants such as Nike Inc., Adidas AG, and Puma S.A.S. are expected to have a strong foothold across the USA and Canadian wholesale and retail channels.
This will ensure a continuous supply of products to the market. Furthermore, some companies manufacture customized socks to meet the demands of sports professionals.
In North America, the USA holds 87% of the market share, and it is expected to invest heavily in custom socks and eco-friendly socks in the near future. The textile manufacturers here care about the planet's wellbeing, which is why they use eco-friendly and ethical materials in the manufacturing of socks.
In most cases, businesses collect industrial waste and textile scraps from anywhere, including water bodies. They then turn them into recycled yarns that are used for making very comfortable recycled socks. This is attracting the attention of environmentally-conscious customers and boosting the market in North America.
| Market Share of Europe in 2021 | 32% |
|---|---|
| Market Share of North America in 2021 | 20% |
| Market Share of APAC | 40% |
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Women’s Socks made from Polyester to experience Maximum Uptake
From 2022 to 2032, the polyester segment is forecast to grow with a CAGR of 4.5%. Polyester dominated the women's socks market in 2021, contributing over 46% of the market's revenue. Polystyrene (polyester) is a synthetic type of fiber containing ester compounds.
This fiber is made from petroleum and is one of the most popular fibers used in the textile industry around the world.
Fibers like this are durable and relatively more economical materials used in clothing manufacturing. In addition to being more durable than socks made from other materials, polyester socks retain their shape better because of polyester's dependability.
A major reason why polyester socks have become so popular is their breathability, especially when worn during exercise. When it comes to ventilation and perspiration, these fabrics are superior to the other rival materials.
This ensures that the feet stay cool in warmer temperatures. Socks made from polyester can also draw moisture and sweat away from the skin, making them more comfortable in a variety of settings.
Consumers prefer polyester fiber apparel because it can withstand all types of environmental conditions. As a result of all these benefits, polyester is used most often in the fabric industry for clothing and is taking the dominant position in the women's socks industry.
The offline distribution channel segment is forecast to grow in the future
More than 76% of the market share in 2021 will come from offline distribution channels. There are a variety of offline channels, including exclusive stores, hypermarkets & supermarkets and retail stores. Manufacturers and sellers utilize this traditional retail channel to increase sales.
Socks are meant for utmost comfort and need to absorb sweat quickly, keeping the feet dry. For this reason, the majority of the consumers prefer going physically to the stores and buying socks for them.
The majority of these consumers are women, and they have a variety of preferences for socks. Furthermore, a variety of products can be easily viewed on the shelves at the same time, making it easier for customers to select the product they want.
The segment comprises organized retail channels that are more customer centric and offer improved customer services by selling socks directly to consumers. Moreover, these stores provide their customers with options for physical confirmation, product trials, and facilities.
They offer the consumers easy return and exchange policies, which boost the interest of the consumers to buy from these stores. With all these reasons favoring the growth of offline channels, they will largely contribute to market revenue.
There are several well-established players on the market, as well as several small and medium companies. As fashion consciousness changes, vendors are launching products to meet consumer expectations. Furthermore, manufacturers are developing new preservative techniques to increase the durability of their products.
Famous brands have been endorsed by a large number of stars, which has contributed greatly to the market's growth.
| Report Attribute | Details |
|---|---|
| Growth Rate | CAGR of 5.9% from 2022 to 2032 |
| Market Value in 2021 | USD 17.5 Billion |
| Market Value in 2022 | USD 18.13 Billion |
| Market Value in 2032 | USD 30.25 Billion |
| Base Year for Estimation | 2021 |
| Historical Data | 2015 to 2021 |
| Forecast Period | 2022 to 2032 |
| Quantitative Units | USD Million for Value & Liters for Volume |
| Report Coverage | Revenue Forecast, Volume Forecast, Company Ranking, Competitive Landscape, Growth Factors, Trends and Pricing Analysis |
| Segments Covered | Fiber, Distribution Channel, Region |
| Regions Covered | North America; Europe; Asia Pacific; Latin America; Middle East & Africa |
| Key Countries Profiled | USA, Canada, Mexico, Brazil, Argentina, Peru, Chile, Germany, France, Italy, Spain, BENELUX, Russia, UK, China, Japan, South Korea, GCC, South Africa, Turkey |
| Key Companies Profiled | Dior; Nike Inc.; Adidas AG; H&M Hennes & Mauritz AB; Guccio Gucci S.p.A; Puma SE; PRADA; Burberry Group Plc.; Giorgio Armani S.p.A; Dolce & Gabbana S.r.l; Gianni Versace S.r.l |
| Report Customization & Pricing | Available upon Request |
From 2017 to 2021, the women's socks market grew at a 5.1% value CAGR
The global women's socks market is expected to grow with a 5.9% CAGR and is projected to gain a market size of USD 30.25 Billion by 2032
In 2021, the offline distribution channel dominated the global market with 76% market share
The polyester women's socks segment is expected to grow steadily with a CAGR of 4.5% during 2022 to 2032 and occupied 46% of the global market share in 2021
The North American women’s socks market held a 20% global market share in 2021
The APAC region is expected to grow with a 5.8% CAGR during the forecast period.
1. Executive Summary 2. Market Overview 3. Market Background 4. Global Women's Socks Market Analysis 2017 to 2021 and Forecast, 2022 to 2032 5. Global Women's Socks Market Analysis 2017 to 2021 and Forecast 2022 to 2032, By Fiber 5.1. Cotton 5.2. Polyester 5.3. Others 6. Global Women's Socks Market Analysis 2017 to 2021 and Forecast 2022 to 2032, By Distribution Channel 6.1. Offline 6.2. Online 7. Global Women's Socks Market Analysis 2017 to 2021 and Forecast 2022 to 2032, By Region 7.1. North America 7.2. Latin America 7.3. Europe 7.4. Asia Pacific 7.5. Middle East and Africa 8. North America Women's Socks Market Analysis 2017 to 2021 and Forecast 2022 to 2032, By Country 9. Latin America Women's Socks Market Analysis 2017 to 2021 and Forecast 2022 to 2032, By Country 10. Europe Women's Socks Market Analysis 2017 to 2021 and Forecast 2022 to 2032, By Country 11. Asia Pacific Women's Socks Market Analysis 2017 to 2021 and Forecast 2022 to 2032, By Country 12. Middle East and Africa Women's Socks Market Analysis 2017 to 2021 and Forecast 2022 to 2032, By Country 13. Key Countries Women's Socks Market Analysis 14. Market Structure Analysis 15. Competition Analysis 15.1. Dior 15.2. Nike, Inc. 15.3. Adidas AG 15.4. H&M Hennes & Mauritz AB 15.5. Guccio Gucci S.p.A. 15.6. Puma SE 15.7. PRADA 15.8. Burberry Group Plc 15.9. Giorgio Armani S.p.A. 15.10. Dolce & Gabbana S.r.l. 15.11. Gianni Versace S.r.l. 16. Assumptions & Acronyms Used 17. Research Methodology
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Women's Socks Market
