June 09, 2022 12:00 ET | Source: Future Market Insights Global and Consulting Pvt. Ltd. Future Market Insights Global and Consulting Pvt. Ltd.
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NEWARK, Del, June 09, 2022 (GLOBE NEWSWIRE) -- 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.
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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
“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.
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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.
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).
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Key Segments Covered In the Women's Socks Market Report
Women's Socks Market by Fiber:
Women's Socks Market by Distribution Channel:
Women's Socks Market by Region:
4. Global Women's Socks Market Analysis 2017-2021 and Forecast, 2022-2032
5. Global Women's Socks Market Analysis 2017-2021 and Forecast 2022-2032, By Fiber
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Future Market Insights (ESOMAR certified market research organization and a member of Greater New York Chamber of Commerce) provides in-depth insights into governing factors elevating the demand in the market. It discloses opportunities that will favour the market growth in various segments on the basis of Source, Application, Sales Channel and End Use over the next 10-years.
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