Market Overview
The global Socks Market was valued at USD 3.03 Billion in 2024 and is projected to reach USD 4.41 Billion by 2033. It is expected to grow at a CAGR of 4.23% during the forecast period of 2025-2033. Asia-Pacific dominates the market with a share of over 32.7% in 2024. The market growth is driven by increasing consumer demand for comfort, enhanced fabric technologies, growing fitness trends, and expansion of e-commerce platforms providing better accessibility.
Study Assumption Years
- Base Year: 2024
- Historical Year/Period: 2019-2024
- Forecast Year/Period: 2025-2033
Socks Market Key Takeaways
- Current Market Size: USD 3.03 Billion in 2024
- CAGR: 4.23%
- Forecast Period: 2025-2033
- Asia-Pacific holds the largest market share exceeding 32.7% in 2024, driven by population, urbanization, and rising disposable incomes.
- The men’s segment leads the application category with approximately 65.8% market share in 2024 due to demand for functional and fashion socks.
- Casual socks dominate the product segment with around 56.7% market share in 2024.
- Supermarkets and hypermarkets account for about 57.6% of the distribution channel market share in 2024.
- Expansion of e-commerce and rising health and wellness awareness are critical growth factors.
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Market Growth Factors
The comfort and utility of socks are the key factors that drive the global socks market growth. The increased awareness regarding foot care has increased the demand for anti-bacterial and cushioned socks in the market. The use of technologies in fabric, such as breathable, moisture-wicking, odor-resistant and fit-forming properties, greatly improves the appeal of socks. For example, Rujo Boots and Hurdle collaborated in 2024 to manufacture high-performance boot socks.
A further factor is the development of e-commerce sites offering international consumers a large number of types of socks. Advantages include choice, the ability to compare prices and reviews, and the convenience and safety of being able to shop from home. For example, the US retail e-commerce market is projected to grow from USD 1.19 Trillion in 2024 to USD 1.29 Trillion by 2025.
The fashion sense and garments have also been driving the sock market, and socks are also seeing more use as a fashion accessory among young people with their bright colors. Furthermore, as it is estimated that 68% and 47% of adults in the United States are users of social media platforms Facebook and Instagram, respectively, users are more likely to show their fashion style and spend more on designer or high-quality socks.
Market Segmentation
By Product:
- Casual: Holds around 56.7% market share in 2024, driven by versatility and comfort. Casual socks blend cotton, polyester, and spandex for breathability and durability. Growth is also propelled by remote work trends increasing demand for comfortable and stylish socks.
- Formal
- Athletic
- Others
By Material:
- Cotton: Leads the market in 2024, favored for softness, moisture absorption, breathability, and hypoallergenic properties. Cotton’s affordability and alignment with eco-friendly preferences bolster demand.
- Nylon
- Polyester
- Wool
- Waterproof Breathable Membrane
- Others
By Application:
- Men: Approximate 65.8% market share in 2024, driven by demand for functional and fashion socks across formal, casual, and athletic uses. Trends like athleisure and sports participation boost demand.
- Women
- Children
By Distribution Channel:
- Supermarkets and Hypermarkets: Lead with about 57.6% market share in 2024, benefiting from accessibility, product variety, promotional discounts, and impulse buying.
- Convenience Stores
- Online Stores
- Others
Regional Insights
Asia-Pacific dominated the socks market in 2024 with a share exceeding 32.7%. This is attributed to a large population, increasing urbanization, rising disposable incomes, and growing fashion consciousness. The presence of key manufacturing hubs and affordable raw materials strengthens production, while expanding retail networks and e-commerce platforms enhance product availability and consumer accessibility.
Recent Developments & News
- January 2025: Bonjour launched eco-conscious Bamboo Socks featuring antibacterial bamboo fabric for breathability and odour resistance, reinforcing its leadership in India.
- June 2024: Balenzia Socks opened a new store at Jolly Grant Airport, Dehradun, targeting increased brand visibility among travelers and locals.
- April 2024: Smartwool launched Second Cut™ Hike Sock, the first fully circular sock, expanding to the UK and Europe.
- February 2024: Adidas unveiled revamped SUPERNOVA franchise with new models featuring Dreamstrike+ foam, complemented by matching socks and apparel.
Key Players
- Adidas AG
- ASICS Corporation
- Drymax Technologies Inc.
- Hanesbrands Inc
- Implus Footcare LLC
- Nike Inc
- Puma SE
- Renfro Brands
- Thorlo
- Under Armour Inc.
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