Global Women’s Socks Market

Global Women’s Socks Market Size, Share, Growth Analysis, By Fibber Outlook(Cotton, Polyester and Other), By Distribution Channels(Online and Offline) - Industry Forecast 2024-2031


Report ID: SQMIG25K2036 | Region: Global | Published Date: February, 2024
Pages: 157 | Tables: 60 | Figures: 75

Global Women’s Socks Market Dynamics

Women’s Socks Market Drivers

Increasing demand for comfortable and fashionable socks

  • As fashion trends continue to evolve, socks are no longer just an accessory but an integral part of an outfit. Consumers are looking for socks that provide comfort and complement their overall style. sock manufacturers are introducing new designs and materials that offer both comfort and style. For example, seamless socks that reduce friction and irritation are becoming increasingly popular. Socks made from soft, breathable materials such as cotton, bamboo, and wool are also in high demand, as they provide the necessary comfort and insulation without sacrificing style.

Rising participation in sports and fitness activities

  • As more women engage in sports and fitness activities, there is a growing demand for socks that offer additional support and cushioning and that are designed to meet the specific needs of athletes and fitness enthusiasts. compression socks have become increasingly popular among athletes, as they help to improve circulation and reduce muscle fatigue during exercise. Running socks with extra padding and arch support are also in high demand, as they provide the necessary cushioning and protection for runners. performance-enhancing features, socks designed for sports and fitness activities must also be durable, breathable, and moisture-wicking. This is because athletes and fitness enthusiasts often engage in high-intensity activities that cause their feet to sweat, which can lead to blisters, odor, and other foot problems

Women’s Socks Market Restraints

Competition from substitutes

  • Stockings, tights, leggings, and other hosiery products offer similar benefits to socks, such as warmth, protection, and fashion appeal, which can cause consumers to choose these products over socks.

One of the main advantages of stockings and tights is their aesthetic appeal. They are often seen as a more fashionable option, particularly for formal or dressy occasions. This can make it challenging for sock manufacturers to compete on style alone. some consumers may find stockings and tights to be more versatile than socks. For example, stockings and tights can be worn with a wider range of footwear options, including dress shoes and sandals, while socks are typically worn with closed-toe shoes.

Availability of raw materials

  • Price and availability of raw materials, such as cotton, wool, and synthetic fibers, can significantly impact the production and pricing of socks. Changes in weather patterns, crop yields, and other factors can cause fluctuations in the supply of raw materials. For example, a drought or a flood can impact the availability and quality of cotton, increasing prices. This can impact the production costs of sock manufacturers, which can, in turn, impact the pricing of socks. The cost of transportation and storage of raw materials can also impact the cost and availability of raw materials. This can be particularly challenging for manufacturers in remote locations or those who source their materials from distant suppliers.
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FAQs

Women’s Socks Market size was valued at USD 17 billion in 2021 and is poised to grow from USD 17.82 billion in 2022 to USD 25.92 billion by 2030, growing at a CAGR of 4.8% in the forecast period (2023-2030).

Several well-established firms as well as numerous small and medium-sized players, are present in the industry, which defines it. Manufacturers are putting much effort into new product introductions to keep up with consumers' evolving expectations around fashion. Women's socks are now available in 150 distinct styles on the websites of United Legwear & Apparel Co., LLC. In order to extend the longevity of the product, vendors are also attempting to develop novel preservation strategies. The largest number of celebrity endorsements by well-known companies has significantly influenced the market's growth. 'Nike, Inc.', 'Adidas AG', 'Under Armour, Inc.', 'Hanesbrands Inc.', 'Puma SE', 'ASICS Corporation', 'VF Corporation', 'Falke KGaA', 'Renfro Corporation', 'Wigwam Mills Inc.', 'Stance Inc.', 'Balega LLC', 'Bombas LLC', 'Smartwool Corporation', 'Gold Toe Brands Inc.', 'Jockey International Inc.', 'SOCKSADDICT.com', 'Pantherella International Group Limited', 'Happy Socks AB', 'Darn Tough Vermont'

As fashion trends continue to evolve, socks are no longer just an accessory but an integral part of an outfit. Consumers are looking for socks that provide comfort and complement their overall style. sock manufacturers are introducing new designs and materials that offer both comfort and style. For example, seamless socks that reduce friction and irritation are becoming increasingly popular. Socks made from soft, breathable materials such as cotton, bamboo, and wool are also in high demand, as they provide the necessary comfort and insulation without sacrificing style.

Compression socks are becoming increasingly popular among women, particularly those who participate in sports or have circulation problems. Compression socks apply pressure to the legs, ankles, and feet, which helps to improve circulation and reduce swelling, fatigue, and soreness. They are especially beneficial for runners, cyclists, and other athletes who require improved muscle blood flow during exercise. Compression socks are also becoming more fashionable. Manufacturers are offering a wide range of styles, colors, and patterns to cater to the growing demand for compression socks that are both functional and stylish. Many compression socks are designed to look like regular socks, making them easy to wear with a variety of outfits.

Europe dominated the global market in 2022. The market's revenue mostly comes from economically advanced countries like Germany, the U.K., and France. Three major variables are anticipated to have an impact on the market's growth: financially independent women, an increase in per capita income, and shifting fashion trends.

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Global Women’s Socks Market

Product ID: SQMIG25K2036

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