The global socks market is growing at six per cent a year.
An increase in the number of working individuals, along with the rising adoption of the formal business environment, signifies one of the key factors anticipated to create ample growth opportunities for the market.
Asia Pacific is expected to grow at the fastest compound annual growth rate. This is attributed to the growing population in developing economies including China and India.The wool material segment is expected to register the second fastest compound annual growth rate as the fabric used for wool socks is lighter, extra porous, more durable, and more sustainable than its counterparts.The no-show style segment is expected to register the fastest compound annual growth rate. These types of socks are available in different materials and colours, provide excellent breathability, and are said to be an ideal option for both hot and cold weather.
At one time socks were not well presented in market. They were available only in nylon/cotton with no options of colors, designs, style etc. Also their use was limited to merely as an accessory. Not many users as well as makers of socks considered the comfort factor of socks and realized that they need to fit well. Now socks are presented on the bases of hygiene and wellness, fitness and comfort, fashion and style. Now brands put emphasis on foot hygiene.