In the world of fashion and function, one humble accessory stands tall – socks! The Global Socks Market is a bustling industry valued at US$53.87 billion in 2022 and poised to reach a remarkable US$82.62 billion by 2029, with a robust CAGR of 6.3%. Let’s dive into the colorful world of socks to understand the dynamics and trends that shape this essential accessory.
The Unsung Hero: Socks
Socks aren’t just pieces of fabric to cover your feet; they are versatile accessories that have multifaceted roles. Beyond providing comfort and warmth, they help absorb moisture, prevent chafing, and complete your look. As we transition into the fall and winter months, socks are also our frontline defense against cold feet and frostbite.
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Global Socks Market Dynamics
In today’s global fashion landscape, the demand for formal attire among white-collar professionals is playing a pivotal role in boosting the utility of socks. This trend is expected to fuel market growth in the years to come. Additionally, the increasing focus on health and fitness is boosting the demand for various types of socks, such as sports socks and ankle socks, making them must-haves for gym-goers and health enthusiasts. The rise in diabetic foot conditions has led to increased research on maintaining healthy feet, and specialized diabetic socks are being developed to reduce the risk of complications.
Methyl Mercaptan Market Segment Analysis:
The market is divided into five segments based on the product type: multiple toe socks, casual socks, trouser socks, specialty socks, and athletic socks. It is anticipated that the simplicity with which these items may be combined with any ensemble would continue to be advantageous to the sector. Furthermore, many customers use casual socks made of nylon and polyester since they are comfortable and convenient to find through both offline and online channels. Among the most well-known brands of casual socks are Kane Socks Company, Goodfellow & Co., Sock Talk, and Mustang Socks & Accessories. During the projected period of 2022-2029, these are the primary factors propelling the expansion of this category in the global market.
The market is divided into Nylon, Cotton, Polyester, Wool, and Other categories based on the material type. Nylon is a durable, adaptable, and strong material. Socks made of nylon might be thick and extremely elastic or light and silky. Furthermore, nylon is commonly combined with other fibers to increase durability or elasticity.
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🪙 Market Leader:
1. Adidas A.G. 2. Nike Inc. 3. Puma S.E. 4. Renfro Corporation 5. Asics Corporation 6. THORLO, Inc. 7. Balega 8. Drymax Technologies Inc. 9. Hanesbrands Inc 10. Gildan Activewear Inc. 11. Industria de Diseño Textil, S.A 12. Jockey 13. Mizuno 14. Rawlings 15. Salomon/ Amer Sports 16. Under Armour, Inc. 17. Bridgedale 18. Delta Galil 19. Darn Tough
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