Asia-Pacific Socks Market Outlook, 2029
The Asia-Pacific Socks Market is segmented into By Product Type (Casual, Formal, Athletic, Others), By Length (Quarter-length socks, Ankle socks, Crew socks, No-show socks, Others (Knee-high socks, Thigh-high socks)), By Materials (Cotton, Wool, Polyester, Others(Bamboo, Silk, Acrylic, Spandex, Nylon)), By End User (Adults, Children), By Gender (Men, Women, Others) and By Sales Channel (Hypermarkets and Supermarket, Convenience Store, Online, Others).
- Bonafide Research
- 31-03-2024
- Pages : 104
- Figures : 14
- Tables : 42
- Region : Asia-Pacific
- Category : Consumer Goods & Services
- Apparels & Lifestyle
The Asia-Pacific Socks market is to grow with more than 8% CAGR from 2024 to 2029 due to fashion influence from South Korea and Japan.
- Historical Period2018-2022
- Base Year2023
- Forecast Period2024-2029
- CAGR (2024-2029) 8%
- Largest Market China
- Fastest Market India
- Format
Featured Companies
- 1. Nike, Inc
- 2. Adidas AG
- 3. Puma
- 4. Jocky International, Inc.
- 5. Hanesbrand Inc
- 6. Asics Corporation
- More...
Socks Market Market Analysis
The socks sector is thriving and dynamic in the Asia-Pacific region, which offers a diverse blend of innovation, economic growth, and culture. The socks market in the Asia-Pacific region is defined by a blend of traditional craftsmanship, technical breakthroughs, and growing customer demands. It spans varied geographies, from quiet countryside to bustling metropolises. Powerhouse economies in the Asia-Pacific region, including China, Japan, and South Korea, are well-known for their strength in manufacturing, technological innovation, and export-focused economies. China is the world's top producer and exporter of socks, with a vast industrial infrastructure, highly skilled labor, and competitive prices that enable it to meet demand from all over the world. In addition to established players, emerging markets in Southeast Asia, including Vietnam, Bangladesh, and Indonesia, have emerged as key contributors to the Asia-Pacific socks industry. These countries offer favorable labor costs, supportive government policies, and strategic geographic locations, making them attractive destinations for sock manufacturing and export-oriented industries. The socks business in Asia-Pacific is firmly anchored in craftsmanship and cultural heritage, with each nation showcasing its own customs, methods, and artistic expressions. The design and workmanship of socks manufactured in Asia-Pacific represent the region's unique cultural tapestry, from the vivid colors of Indian hosiery to the intricate patterns of Japanese tabi socks. Modern production technology interacts with generations-old artisanal skills to create a blend of traditional and contemporary sock styles that appeal to a wide range of consumer tastes. The region's rich cultural legacy provides creative designers and patterns with inspiration, enhancing the worldwide sock industry with a tapestry of hues, textures, and themes. The socks industry in Asia-Pacific is distinguished by ongoing technical innovation and breakthroughs that boost production efficiency, product quality, and performance features. State-of-the-art knitting machines, digital printing technology, and computer-aided design (CAD) software enable manufacturers to produce socks with precision, consistency, and intricate detailing. According to the research report "Asia-Pacific Socks Market Outlook, 2029," published by Bonafide Research, the Asia-Pacific Socks market is predicted to grow with more than 8% CAGR from 2024 to 2029. The Asia-Pacific region is home to a huge and varied consumer market made up of urbanization, a growing middle class, and shifting lifestyle choices. Socks are in high demand as everyday necessities and vital fashion accessories due to factors including urbanization, rising disposable incomes, and growing fashion consciousness. Additionally, the rise of digital retail channels and e-commerce platforms has changed how consumers shop for socks by providing them with ease, accessibility, and a large range of options at their fingertips. Sock sales on online marketplaces and merchants have increased dramatically, especially among younger and tech-savvy consumers who are looking for convenience and variety. A rising number of stakeholders in the Asia-Pacific socks sector are implementing eco-friendly practices and initiatives as a result of increased awareness of corporate responsibility and environmental sustainability. Obtaining sustainable resources, putting in place energy-saving production techniques, and reducing waste, manufacturers are embracing sustainability as a core value proposition. The Asia-Pacific region is well known for its extensive and varied cultural legacy, which spans thousands of years and includes an enormous variety of languages, customs, and religious beliefs. People all over the world find inspiration and curiosity in the region's cultural tapestry, which spans from the ancient civilizations of China and India to the indigenous cultures of Australia and New Zealand. Asia-Pacific is home to both fast-expanding emerging economies and economic giants. A number of sophisticated economies, including those of China, Japan, South Korea, and Australia, are characterized by booming businesses related to manufacturing, technology, finance, and tourism. In the meantime, fast economic expansion and urbanization are occurring in emerging countries such as Vietnam, Indonesia, Thailand, and India, which is creating opportunities for investment and innovation in a number of industries.
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Asia-Pacific dominates the market and is the largest and fastest-growing market in the animal growth promoters industry globally
Download SampleMarket Dynamic
Major Drivers Rising disposable incomes and urbanization: Rapid urbanization and the growth of the middle class in the Asia-Pacific region are two major factors driving the socks market in that region. The growing number of people moving to cities and having more disposable incomes has led to a growth in the demand for socks as everyday necessities and fashion accessories. Sock sales in the Asia-Pacific region are driven by the desire of urban dwellers, in particular, to find socks that match their modern lifestyles by offering both style and practicality. Growing fashion consciousness: Asia-Pacific consumers are becoming more discriminating when it comes to socks as a result of increased exposure to international fashion trends via social media, television, and online retailers. They look for socks that express their own tastes and styles in addition to being utilitarian and comfortable. The Asia-Pacific socks market is seeing innovation and diversity due to the increased demand for a wide variety of sock types, colors, and designs brought about by this expanding fashion consciousness. Major Challenges Quality control and compliance: A major obstacle facing socks producers in the Asia-Pacific region is maintaining consistent product quality and regulatory compliance. The performance and standards of products can differ between nations due to differences in quality control methods. Furthermore, the manufacturing process becomes more complex due to the need for careful monitoring and compliance with international legislation, such as labor laws, environmental laws, and product safety requirements.
Socks Market Segmentation
| By Product Type | Casual | |
| Formal | ||
| Athletic | ||
| Others | ||
| By Length | Quarter-length socks | |
| Ankle socks | ||
| Crew socks | ||
| No-show socks | ||
| Others (Knee-high socks, Thigh-high socks) | ||
| By Materials | Cotton | |
| Wool | ||
| Polyester | ||
| Others (Bamboo, Silk, Acrylic, Spandex, Nylon) | ||
| By End User | Adults | |
| Children | ||
| By Gender | Men | |
| Women | ||
| Others | ||
| By Sales Channel | Hypermarkets and Supermarket | |
| Convenience Store | ||
| Online | ||
| Others | ||
| Asia-Pacific | China | |
| Japan | ||
| India | ||
| Australia | ||
| South Korea | ||
In terms of product type segment market includes casual, formal, athletic and others. Athletic product type is expected to grow at fastest rate in Asia-Pacific socks market. Based on length segment market is segmented into quarter-length socks, ankle socks, crew socks, no-show socks, and others. Quarter-length socks are expected to dominate the Asia-Pacific socks market. Consumers in the Asia-Pacific region have become more aware of their health and fitness. China, India, Japan, South Korea, and Australia are all experiencing an increase in gym memberships, sports engagement, and outdoor fitness hobbies. This trend is fueling the desire for sports socks that are built for performance, comfort, and durability. Many Asia-Pacific countries have seen rapid urbanization, which has resulted in lifestyle changes such as a trend toward more active and health-conscious living. Younger demographics, in particular, are incorporating sports and fitness activities into their daily routines, resulting in an ongoing need for athletic clothing, including socks. Major sporting events in Asia-Pacific include the Olympics, Asian Games, and regional tournaments. The enthusiasm and attention created by these activities contribute to the promotion of sports participation and fitness lifestyles, thereby driving the demand for athletic socks among athletes and enthusiasts. Quarter-length socks have become popular not just for athletics but also for fashion and casual use. They are adaptable and can be worn with a variety of footwear styles, including sneakers, loafers, and casual shoes. The trend of wearing ankle socks with everyday ensembles, such as shorts, skirts, and cropped pants, has helped them gain market dominance. Many countries in the Asia-Pacific region have hot and humid conditions all year. Quarter-length socks, commonly known as ankle socks, offer appropriate coverage and protection while not covering the full calf or lower leg. They are ideal for warm weather because they allow for increased ventilation and airflow around the ankles, keeping the feet cool and comfortable during active activity. Younger demographics in Asia-Pacific, including millennials and Gen Z, drive fashion trends and preferences. Ankle socks have become a style statement, especially when paired with trendy sneakers and sportswear. Based on material segment market includes cotton, wool, polyster and others. Cotton material type is expected to dominate the Asia-Pacific socks market. Based on end user segment market is divided into adults and childrens. Adults are expected to remain major end users of socks in Asia-Pacific socks market. Cotton is a natural fiber valued for its softness, suppleness, and breathability. Cotton socks are recommended in warm and humid conditions, such as those found in many Asia-Pacific countries, because they help absorb moisture while keeping the feet cool and dry. Cotton socks are a popular choice among both adults and children due to their high level of comfort. Cotton is hypoallergenic and mild on the skin, making it ideal for people with sensitive skin, such as youngsters. Cotton socks are favored for daily usage since they include no synthetic ingredients, which decrease the risk of skin irritation or allergic reactions. Adults participate in a variety of daily activities, including employment, commuting, socializing, and leisure pastimes. Socks are a crucial element of their daily wardrobe, offering comfort, moisture absorption, and foot protection all day. Adults frequently seek out socks that are not only useful but also match their fashion and style preferences. They select socks depending on color, patterns, fabrics, and designs that are appropriate for their personal style and the event, whether formal, casual, or sports. Many adults work in professional settings that require certain attire, including appropriate footwear and socks. This segment fuels demand for dress socks, business socks, and other formal sock types that suit workplace requirements while remaining comfortable and durable. Adults, particularly working professionals, often wear socks as part of their formal or business attire. Socks are essential for wearing with closed-toe shoes in professional settings, providing comfort, moisture absorption, and odor control throughout the day. Additionally, adults engage in various activities such as commuting, socializing, and attending events where socks are a necessary part of their outfit. Based on gender segment market is divided into men, women and others. Men are expected to remain major end user of socks in Asia-Pacific. In terms of sales channel segment market includes hypermarkets and supermarkets, convenience stores, online and others. Online sales channel is expected to grow at rapid pace in Asia-Pacific socks market. Men are becoming more aware of fashion and grooming trends, including the socks they wear. They may choose socks in a variety of colors, patterns, and fabrics to express their individual style, add a flash of color or detail to their clothing, or create a cohesive look. Men actively participate in sports, fitness activities, and outdoor experiences. They need specific socks for athletic performance, such as moisture-wicking socks, cushioned socks for impact absorption, compression socks for better circulation, and thermal socks for cold-weather activities. Men place a premium on comfort and durability in their socks, particularly for daily wear and extended periods of use. Men emphasize socks with features such as reinforced heels and toes, arch support, seamless designs, moisture-wicking capabilities, comfort, and functionality. The Asia-Pacific region has seen tremendous increases in internet penetration and smartphone usage rates. Consumers now have greater access to internet platforms, social media, and e-commerce websites, making it easier to browse, compare, and buy socks and other apparel online. Consumers benefit from unrivaled convenience and accessibility while buying online, as they can browse and buy socks from the comfort of their own homes or while on the road using mobile devices. This convenience feature appeals to busy professionals, parents, and others with demanding schedules. Online platforms provide a wide variety of sock brands, styles, colors, sizes, and price ranges, giving customers comprehensive choices that may not be available in physical locations. This variety caters to varied preferences, events, activities, and fashion trends, improving the whole buying experience.
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Socks Market Market Regional Insights
Based on report market is divided into five major categories including, China, Japan, India, Australia and South Korea. India is expected to grow at fastest rate in Asia-Pacific socks market. India has a huge and expanding population, which means there is a lot of demand for socks and other clothing items there. There is a lot of room for growth in the demand for socks because the world's population is approaching 1.3 billion, with a sizable portion of that population joining the workforce and earning more disposable income. India's population, especially in metropolitan areas, has steadily increased in disposable income due to economic expansion. Spending on luxuries like apparel and accessories, including socks, is expected to rise as consumers' purchasing power rises. For socks producers and merchants, the expanding middle class in particular offers a potential market niche. Indian customers are eager to follow international fashion trends as they become more cognizant of style. Socks are no longer viewed merely as functional garments but also as fashion accessories that complement and enhance one's overall attire. As fashion awareness grows and lifestyles become more urban and cosmopolitan, there is a heightened demand for a diverse range of socks in terms of design, colors, and patterns. An important fraction of India's population, or those under 35, are young people. Younger shoppers are more likely to experiment with their style choices, including socks, and to follow fashion trends. The current trend in demographics is a younger population, which offers a chance for socks producers to target this market segment's tastes with creative designs and marketing tactics. India has a strong manufacturing base with well-established skills in the production of clothing and textiles. The nation is an affordable place to manufacture socks since labor prices are cheaper there than in many other industrialized economies. To further increase the competitiveness of the Indian socks market, government programs like Made in India seek to support homegrown manufacturing and draw in foreign capital.
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Companies Mentioned
- Nike, Inc
- Adidas AG
- Puma
- Jocky International, Inc.
- Hanesbrand Inc
- Asics Corporation
- Under Armour, Inc.
- Skechers Inc.
- Phillips-Van Heusen Corporation
- Aditya Birla Fashion and Retail Limited
- Monte Carlo Fashions Limited
- Dollar Industries Ltd
Table of Contents
- 1. Executive Summary
- 2. Research Methodology
- 2.1. Secondary Research
- 2.2. Primary Data Collection
- 2.3. Market Formation & Validation
- 2.4. Report Writing, Quality Check & Delivery
- 3. Market Structure
- 3.1. Market Considerate
- 3.2. Assumptions
- 3.3. Limitations
- 3.4. Abbreviations
- 3.5. Sources
- 3.6. Definitions
- 4. Economic /Demographic Snapshot
- 5. Global Socks Market Outlook
- 5.1. Market Size By Value
- 5.2. Market Share By Region
- 5.3. Market Size and Forecast, By Product
- 5.4. Market Size and Forecast, By Length
- 5.5. Market Size and Forecast, By Materials
- 5.6. Market Size and Forecast, By End User
- 5.7. Market Size and Forecast, By Gender
- 5.8. Market Size and Forecast, By Sales Channel
- 6. Asia-Pacific Socks Market Outlook
- 6.1. Market Size By Value
- 6.2. Market Share By Country
- 6.3. Market Size and Forecast, By Product
- 6.4. Market Size and Forecast, By Length
- 6.5. Market Size and Forecast, By Materials
- 6.6. Market Size and Forecast, By End User
- 6.7. Market Size and Forecast, By Gender
- 6.8. Market Size and Forecast, By Sales Channel
- 7. Market Dynamics
- 7.1. Market Drivers & Opportunities
- 7.2. Market Restraints & Challenges
- 7.3. Market Trends
- 7.3.1. XXXX
- 7.3.2. XXXX
- 7.3.3. XXXX
- 7.3.4. XXXX
- 7.3.5. XXXX
- 7.4. Covid-19 Effect
- 7.5. Supply chain Analysis
- 7.6. Policy & Regulatory Framework
- 7.7. Industry Experts Views
- 7.8. China Socks Market Outlook
- 7.8.1. Market Size By Value
- 7.8.2. Market Size and Forecast By Product
- 7.8.3. Market Size and Forecast By Length
- 7.8.4. Market Size and Forecast By Materials
- 7.8.5. Market Size and Forecast By End User
- 7.8.6. Market Size and Forecast By Sales Channel
- 7.9. Japan Socks Market Outlook
- 7.9.1. Market Size By Value
- 7.9.2. Market Size and Forecast By Product
- 7.9.3. Market Size and Forecast By Length
- 7.9.4. Market Size and Forecast By Materials
- 7.9.5. Market Size and Forecast By End User
- 7.9.6. Market Size and Forecast By Sales Channel
- 7.10. India Socks Market Outlook
- 7.10.1. Market Size By Value
- 7.10.2. Market Size and Forecast By Product
- 7.10.3. Market Size and Forecast By Length
- 7.10.4. Market Size and Forecast By Materials
- 7.10.5. Market Size and Forecast By End User
- 7.10.6. Market Size and Forecast By Sales Channel
- 7.11. Australia Socks Market Outlook
- 7.11.1. Market Size By Value
- 7.11.2. Market Size and Forecast By Product
- 7.11.3. Market Size and Forecast By Length
- 7.11.4. Market Size and Forecast By Materials
- 7.11.5. Market Size and Forecast By End User
- 7.11.6. Market Size and Forecast By Sales Channel
- 7.12. South Korea Socks Market Outlook
- 7.12.1. Market Size By Value
- 7.12.2. Market Size and Forecast By Product
- 7.12.3. Market Size and Forecast By Length
- 7.12.4. Market Size and Forecast By Materials
- 7.12.5. Market Size and Forecast By End User
- 7.12.6. Market Size and Forecast By Sales Channel
- 8. Competitive Landscape
- 8.1. Competitive Dashboard
- 8.2. Business Strategies Adopted by Key Players
- 8.3. Key Players Market Positioning Matrix
- 8.4. Porter's Five Forces
- 8.5. Company Profile
- 8.5.1. Nike Inc.
- 8.5.1.1. Company Snapshot
- 8.5.1.2. Company Overview
- 8.5.1.3. Financial Highlights
- 8.5.1.4. Geographic Insights
- 8.5.1.5. Business Segment & Performance
- 8.5.1.6. Product Portfolio
- 8.5.1.7. Key Executives
- 8.5.1.8. Strategic Moves & Developments
- 8.5.2. Puma SE
- 8.5.3. Adidas AG
- 8.5.4. Under Armour, Inc
- 8.5.5. Skechers USA, Inc.
- 8.5.6. Hanesbrands Inc
- 8.5.7. ASICS Corporation
- 8.5.8. PVH Corp
- 8.5.9. Aditya Birla Fashion and Retail Limited
- 8.5.10. Jockey International, Inc
- 8.5.11. Dollar Industries Ltd
- 8.5.12. Monte Carlo Fashions Limited
- 9. Strategic Recommendations
- 10. Annexure
- 10.1. FAQ`s
- 10.2. Notes
- 10.3. Related Reports
- 11. Disclaimer
Table 2: Top 10 Counties Economic Snapshot 2022
Table 3: Economic Snapshot of Other Prominent Countries 2022
Table 4: Average Exchange Rates for Converting Foreign Currencies into U.S. Dollars
Table 5: Global Socks Market Size and Forecast, By Product (2018 to 2029F) (In USD Billion)
Table 6: Global Socks Market Size and Forecast, By Length (2018 to 2029F) (In USD Billion)
Table 7: Global Socks Market Size and Forecast, By Materials (2018 to 2029F) (In USD Billion)
Table 8: Global Socks Market Size and Forecast, By End User (2018 to 2029F) (In USD Billion)
Table 9: Global Socks Market Size and Forecast, By Gender (2018 to 2029F) (In USD Billion)
Table 10: Global Socks Market Size and Forecast, By Sales Channel (2018 to 2029F) (In USD Billion)
Table 11: Asia-Pacific Socks Market Size and Forecast, By Product (2018 to 2029F) (In USD Billion)
Table 12: Asia-Pacific Socks Market Size and Forecast, By Length (2018 to 2029F) (In USD Billion)
Table 13: Asia-Pacific Socks Market Size and Forecast, By Materials (2018 to 2029F) (In USD Billion)
Table 14: Asia-Pacific Socks Market Size and Forecast, By End User (2018 to 2029F) (In USD Billion)
Table 15: Asia-Pacific Socks Market Size and Forecast, By Gender (2018 to 2029F) (In USD Billion)
Table 16: Asia-Pacific Socks Market Size and Forecast, By Sales Channel (2018 to 2029F) (In USD Billion)
Table 17: Influencing Factors for Socks Market, 2023
Table 18: China Socks Market Size and Forecast By Product (2018 to 2029F) (In USD Billion)
Table 19: China Socks Market Size and Forecast By Length (2018 to 2029F) (In USD Billion)
Table 20: China Socks Market Size and Forecast By Materials (2018 to 2029F) (In USD Billion)
Table 21: China Socks Market Size and Forecast By End User (2018 to 2029F) (In USD Billion)
Table 22: China Socks Market Size and Forecast By Sales Channel (2018 to 2029F) (In USD Billion)
Table 23: Japan Socks Market Size and Forecast By Product (2018 to 2029F) (In USD Billion)
Table 24: Japan Socks Market Size and Forecast By Length (2018 to 2029F) (In USD Billion)
Table 25: Japan Socks Market Size and Forecast By Materials (2018 to 2029F) (In USD Billion)
Table 26: Japan Socks Market Size and Forecast By End User (2018 to 2029F) (In USD Billion)
Table 27: Japan Socks Market Size and Forecast By Sales Channel (2018 to 2029F) (In USD Billion)
Table 28: India Socks Market Size and Forecast By Product (2018 to 2029F) (In USD Billion)
Table 29: India Socks Market Size and Forecast By Length (2018 to 2029F) (In USD Billion)
Table 30: India Socks Market Size and Forecast By Materials (2018 to 2029F) (In USD Billion)
Table 31: India Socks Market Size and Forecast By End User (2018 to 2029F) (In USD Billion)
Table 32: India Socks Market Size and Forecast By Sales Channel (2018 to 2029F) (In USD Billion)
Table 33: Australia Socks Market Size and Forecast By Product (2018 to 2029F) (In USD Billion)
Table 34: Australia Socks Market Size and Forecast By Length (2018 to 2029F) (In USD Billion)
Table 35: Australia Socks Market Size and Forecast By Materials (2018 to 2029F) (In USD Billion)
Table 36: Australia Socks Market Size and Forecast By End User (2018 to 2029F) (In USD Billion)
Table 37: Australia Socks Market Size and Forecast By Sales Channel (2018 to 2029F) (In USD Billion)
Table 38: South Korea Socks Market Size and Forecast By Product (2018 to 2029F) (In USD Billion)
Table 39: South Korea Socks Market Size and Forecast By Length (2018 to 2029F) (In USD Billion)
Table 40: South Korea Socks Market Size and Forecast By Materials (2018 to 2029F) (In USD Billion)
Table 41: South Korea Socks Market Size and Forecast By End User (2018 to 2029F) (In USD Billion)
Table 42: South Korea Socks Market Size and Forecast By Sales Channel (2018 to 2029F) (In USD Billion)
Figure 2: Market attractiveness Index, By Region 2029
Figure 3: Market attractiveness Index, By Segment 2029
Figure 4: Global Socks Market Size By Value (2018, 2023 & 2029F) (in USD Billion)
Figure 5: Global Socks Market Share By Region (2023)
Figure 6: Asia-Pacific Socks Market Size By Value (2018, 2023 & 2029F) (in USD Billion)
Figure 7: Asia-Pacific Socks Market Share By Country (2023)
Figure 8: China Socks Market Size By Value (2018, 2023 & 2029F) (in USD Billion)
Figure 9: Japan Socks Market Size By Value (2018, 2023 & 2029F) (in USD Billion)
Figure 10: India Socks Market Size By Value (2018, 2023 & 2029F) (in USD Billion)
Figure 11: Australia Socks Market Size By Value (2018, 2023 & 2029F) (in USD Billion)
Figure 12: South Korea Socks Market Size By Value (2018, 2023 & 2029F) (in USD Billion)
Figure 13: Competitive Dashboard of top 5 players, 2023
Figure 14: Porter's Five Forces of Global Socks Market
Socks Market Market Research FAQs
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