The size of the women’s socks market worth USD 30.25 billion by 2032
NEWARK, Del, June 09, 2022 (GLOBE NEWSWIRE) — During the forecast period 2022-2032, the women’s socks market is expected to grow at a value of 5.9%. In 2021, this market is expected to have a global valuation of US$17.5 billion and is expected to reach a sum of US$30.25 billion by 2032. The market is going to face increasing demand due to rising awareness increased consumer health towards the use of eco-friendly socks and better foot health.
From 2017 to 2021, the Women’s Socks industry grew at a CAGR of 5.1%. White-collar professionals are expected to play a crucial role in improving the utility of socks with the growing importance of maintaining formal dress globally.
As a result, the market is expected to grow in the coming years. Also, rising health and fitness spending among adults will drive the demand for various footwear accessories including sports socks and ankle socks in gyms and health clubs.
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Due to the increasing rate of foot disorders associated with diabetic patients, various medical professionals have devoted more time to publishing research articles on maintaining healthy feet in recent years.
Major contributors to the market growth are China and India. A growing population and rising disposable income are driving the demand for clothing in the region. The majority of market revenue comes from the well-developed economies of the United Kingdom, Germany, and France. Increasingly independent women, higher per capita incomes, and changing fashion trends are all impacting the growth of the market.
Key insights from market research
- In 2022, the global women’s socks market is expected to have a market size of US$18.13 billion.
- The North America women’s socks market acquired 20% global market share in 2021.
- The APAC region is expected to grow at a CAGR of 5.8%, with a market share of 40%
- The polyester segment took more than 46% of the global women’s socks market share and is expected to show a CAGR of 4.5% during the forecast period.
- Offline sales accounted for 76% market share in 2021, reflecting a CAGR of 5.7% through 2032
“With the growing number of health-conscious and eco-friendly consumers, the demand for clean women’s socks is increasing. At the same time, socks as an integral part of corporate attire will support the growth of women’s socks market,” comments an analyst from Future Market Insights.
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The market is populated by several well-established players, as well as several small and medium-sized enterprises. Sellers are launching products that meet consumer expectations as fashion consciousness changes. Additionally, manufacturers are developing new preservation techniques to make their products more durable. A large number of celebrities have endorsed famous brands, greatly contributing to the growth of the market.
- In January 2020, “Renewed” sock brand Happy Socks teamed up with fashion icon Johnny Ramone to create a dynamic new collection of socks.
- Sportswear company Girlfriend Collective launched a line of socks called Everyday GF in June 2020. The socks are made from recycled plastic bottles and are padded with extra arch support.
More valuable information
Future Market Insights, in its new offering, presents an unbiased analysis of the global women’s socks market, presenting historical analysis from 2017 to 2021 and forecast statistics for the period 2022-2032.
The study reveals key insights based on product type (cotton, polyester, others), by distribution channel type (online, offline) and on five major regions (North America, Latin America, Europe, Asia-Pacific and Middle East and Africa).
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Key segments covered in the Women’s Socks market report
Women’s Socks Market By Fiber:
- Women’s cotton socks
- Women’s Polyester Socks
- Women’s socks of other fibers
Women’s Socks Market by Distribution Channel:
- Sales of women’s socks via offline stores
- Sales of women’s socks via online stores
Women’s Socks Market by Region:
- North American Women’s Socks Market
- European women’s socks market
- Asia-Pacific women’s socks market
- Women’s socks market in the Middle East and Africa
- Women’s socks market in Latin America
1.1. Global Market Outlook
1.2. Demand Side Trends
1.3. Supply-side trends
1.4. Analysis of the technology roadmap
1.5. Analysis and recommendations
2. Market Overview
2.1. Market Coverage / Taxonomy
2.2. Market Definition / Scope / Limits
3. Market Context
4. Global Women’s Socks Market Analysis 2017-2021 and Forecast, 2022-2032
5. Global Women’s Socks Market Analysis 2017-2021 and Forecast 2022-2032, by Fiber
To be continued…!
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