Athletic Excellence: The Surge in Demand for Compression Socks Propels the Women’s Socks Market to US$ 30.25 Billion by 2032 | FMI

Women’s Socks Market
Women’s Socks Market

The women’s socks market is expected to grow at a value of 5.9%. In 2021, this market was predicted 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 owing to the increased health-consciousness of the consumers towards using eco-friendly socks and better foot health.

The women’s socks market grew by 5.1% year on average between 2017 and 2021.Since wearing professional attire is becoming more and more significant worldwide, key office workers should contribute to making socks more beneficial.

The market is therefore anticipated to grow in the upcoming years.Also, the demand for items like sports socks and ankle socks at fitness centres will increase as more adults begin to spend money on their health and fitness.

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Due to the increasing rate of foot disorders associated with diabetic patients, various health care professionals have devoted more time to publishing research papers on maintaining healthy feet over the past few years.

Major contributors to the market’s growth are China and India. A growing population and increasing disposable income are driving demand for apparel in the region. Majority of market revenue comes from the well-developed economies of the U.K., Germany, and France. Increasingly independent women, higher per capita incomes, and changing fashion trends all impact the market’s growth.

Key Takeaways from the Market Study

  1. In 2022, the global women’s socks market is estimated to have a market size of US$ 18.13 Billion.
  2. Women’s socks market in North America acquired 20% of the global market share in 2021.
  3. The APAC region is expected to grow with a 5.8% CAGR, with a market share of 40%
  4. The polyester segment took over 46% of the global Women’s socks market share and is expected to exhibit a 4.5% CAGR during the forecast period.
  5. Offline sales comprised 76% market share in 2021, reflecting a 5.7% CAGR until 2032
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Competitive Landscape

The market is populated by several well-established players, as well as several small and medium-sized businesses. Vendors are launching products that meet consumer expectations as fashion consciousness changes. Furthermore, manufacturers are developing new preservative techniques to make their products more durable. A large number of celebrities have endorsed famous brands, contributing greatly to the market’s growth.

  • In January 2020, “Renewed” socks brand, Happy Socks, partnered with fashion icon Johnny Ramone to create a dynamic new collection of socks.
  • Active wear company Girlfriend Collective released a line of socks called Everyday GF in June 2020. The socks are made of recycled plastic bottles and are cushioned with extra arch support.

More Valuable Insights

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 of 2022-2032.

The study reveals essential insights on the basis of product type (Cotton, polyester, others), by Distribution Channel Type (online, offline) and across five major regions (North America, Latin America, Europe, Asia Pacific and Middle East & Africa).

Key Segments Covered In the Women’s Socks Market Report

Women’s Socks Market by Fiber:

  • Cotton Women’s Socks
  • Polyester Women’s Socks
  • Women’s Socks from Other Fibers

Women’s Socks Market by Distribution Channel:

  • Women’s Socks Sales via Offline Stores
  • Women’s Socks Sales via Online Stores

Women’s Socks Market by Region:

  • North American Women’s Socks Market
  • Europe Women’s Socks Market
  • Asia Pacific Women’s Socks Market
  • Middle East & Africa Women’s Socks Market
  • Latin America Women’s Socks Market

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Future Market Insights, Inc. (ESOMAR certified, recipient of the Stevie Award, and a member of the Greater New York Chamber of Commerce) offers profound insights into the driving factors that are boosting demand in the market. FMI stands as the leading global provider of market intelligence, advisory services, consulting, and events for the Packaging, Food and Beverage, Consumer Technology, Healthcare, Industrial, and Chemicals markets. With a vast team of over 400 analysts worldwide, FMI provides global, regional, and local expertise on diverse domains and industry trends across more than 110 countries.

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About the Author

Nikhil Kaitwade

Associate Vice President at Future Market Insights, Inc. has over a decade of experience in market research and business consulting. He has successfully delivered 1500+ client assignments, predominantly in Automotive, Chemicals, Industrial Equipment, Oil & Gas, and Service industries.
His core competency circles around developing research methodology, creating a unique analysis framework, statistical data models for pricing analysis, competition mapping, and market feasibility analysis. His expertise also extends wide and beyond analysis, advising clients on identifying growth potential in established and niche market segments, investment/divestment decisions, and market entry decision-making.
Nikhil holds an MBA degree in Marketing and IT and a Graduate in Mechanical Engineering. Nikhil has authored several publications and quoted in journals like EMS Now, EPR Magazine, and EE Times.

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