A Report by Future Market Insights, Inc says that “The Women’s Socks market is projected to grow at a fastest pace during the forecast period. The Asia-Pacific (APAC) region is expected to grow at a 5.8% CAGR between 2022 and 2032, capturing 40% revenue. China and India are major contributors to the market’s growth. Approximately 32% of 2021’s market share was accounted for by Europe. The well-developed economies of the U.K., Germany, and France account for the majority of market revenue.”
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 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.
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 enhancing the utility of socks with the rising importance of maintaining formal attire on a global basis.
As a result, the market is anticipated to grow in the coming years. In addition, the growing spending on health and fitness among adults will boost the demand for various shoe accessories including sports socks and ankle socks at gyms and health clubs.
Key Takeaways from the Market Study
- In 2022, the global women’s socks market is estimated to have a market size of US$ 18.13 Billion.
- Women’s socks market in North America acquired 20% of the global market share in 2021.
- The APAC region is expected to grow with a 5.8% CAGR, with a market share of 40%
- 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.
- Offline sales comprised 76% market share in 2021, reflecting a 5.7% CAGR until 2032
“With the growing global health-conscious and eco-friendly consumers, the demand for clean Women’s socks are increasing. At the same time, socks as an integral part of the corporate attire will bolster the growth of the women’s socks market,” comments a Future Market Insights analyst.
