The global socks market size is expected to reach USD 73.7 billion by 2030, registering a CAGR of 6.3% over the forecast period, according to a new report from Dublin based Research and Markets.

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 over the forecast period, the report says.

Asia Pacific is expected to grow at the fastest CAGR over the forecast period. 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 CAGR from 2022 to 2030, 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 CAGR from 2022 to 2030. 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.

Companies mentioned in this report include Nike Inc., Puma S.E., Adidas A.G., Asics Corporation, Renfro Corporation, Thorlo Inc., Hanesbrands Inc., Balega, Drymax Technologies Inc. and Under Armour Inc.

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Socks Market Size, Share & Trends Analysis Report and Segment Forecasts, 2022 - 2030