Socks Market Report 2025 (Global Edition)

Global Socks Market Report 2025 Market Size Split by Product Outlook: (Casual, Formal, Athletic), by Raw material Outlook: (Cotton, Nylon, Wool, Others), by End-user Outlook: (Men, Women, Children), b...

Socks Market Report Description

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How 2025 Tariffs Are Reshaping the Consumer Goods Industry

In 2025, the global trade landscape has shifted dramatically following the U.S. introduction of sweeping tariffs under President Donald Trump’s administration. These "Liberation Day Tariffs," launched in April, aim to reduce trade deficits and boost domestic manufacturing. Tariffs range from 10% on imports from countries like the UK and Australia to 46% on Vietnamese goods, with a blanket 34% tariff on many Chinese imports and 25% on all steel, aluminum, and auto parts. This policy heavily impacts the consumer goods sector apparel, appliances, packaged foods, and personal care products due to their deep reliance on global supply chains, especially in Asia. U.S.–China trade tensions have intensified, with reciprocal tariffs reaching up to 145% on U.S. goods and 125% on Chinese exports, while China’s trade surplus with the U.S. hit USD 102.6 billion in March 2025. In response, the EU and Canada have implemented retaliatory measures, signaling a broader shift toward protectionism.

The consumer goods industry is feeling immediate effects: production costs are rising, sourcing is delayed, and inflation pressures are mounting. Apparel and footwear now face 25% tariffs, prompting brands to seek nearshoring options or raise prices. Household appliances incur 20% tariffs, complicating inventory and procurement strategies. Packaged foods and beverages are hit with 10–15% tariffs, impacting contracts and leading to supplier diversification and product reformulation. Personal care firms face higher costs for imported ingredients and packaging, leading to local sourcing efforts and delays in new product launches. Meanwhile, electronics, though temporarily exempt, are preparing for possible disruptions by diversifying suppliers and increasing inventories.

China remains the backbone of U.S. consumer goods sourcing, accounting for a large portion of imports either directly or through upstream components. This makes tariffs on Chinese goods especially disruptive. The rising input costs 15–30% in many categories combined with seasonal pressures and tight timelines, are causing delays and increased costs. Smaller brands, in particular, are struggling due to limited capital and reduced supplier leverage. Many are being forced to increase prices, cut product variety, or compromise on quality.

Market research is now critical to navigating this volatile environment. It supports supplier mapping and risk assessment, helping brands identify alternative sourcing countries with stable regulations and quality control. It also aids in cost and margin analysis, guiding decisions on pricing and sourcing changes. Optimization of product design and materials through research allows companies to reduce costs while maintaining consumer expectations. Additionally, research helps assess consumer price sensitivity, enabling strategic repositioning. Tracking regulatory changes and running scenario planning models allow firms to anticipate and adapt to future trade shifts.

To cope, companies are restructuring their global sourcing models. Major brands like Nike and IKEA are expanding operations in Vietnam, India, and Mexico, while embracing “in-market for market” strategies to reduce exposure to tariffs and logistics risks. Many are adopting AI-driven demand forecasting and automated procurement, and pushing suppliers for transparency. Product redesign and SKU rationalization are also common. The most successful firms are those using data-driven insights, operational flexibility, and strategic supplier partnerships to adapt not just survive in this new era of global trade.

Competitive Landscape of the Socks Market

In the Socks Market's competitive landscape, numerous key competitors are driving innovation and growth. These companies are implementing a range of tactics, including partnerships, acquisitions, and product innovation, in an effort to obtain a competitive advantage. Market rivalry is encouraging technological and design innovations to create Socks that fulfill both consumer wants and sustainability goals, keeping the market dynamic and competitive.

In January 2023, Puma revealed a new range of socks composed of recycled and ecological materials. (Source: https://about.puma.com/en/sustainability/product) In September 2022, Hanes revealed a new range of women's and men's moisture-wicking socks. (Source: https://www.hanes.com/products/hanes-originals-men-s-crew-socks-moisture-wicking-6-pair-pack/hmog84) In June 2022, Bombas and Target announced a new agreement that would allow them to sell their socks both online and in select stores. (Source: https://www.gq.com/story/bombas-socks-review)

Top Companies Market Share in Socks Industry: (In no particular order of Rank)

• Nike Inc. (US)
• Adidas AG (Germany)
• Puma SE (Germany)
• Hanesbrands Inc. (US)
• Under Armour Inc. (US)
• ASICS Corporation (Japan)
• Renfro Corporation (US)
• Gold Toe-Moretz LLC (US)
• Balega International LLC (US)
• Renfro Corporation (US)
• Wigwam Mills Inc. (US)
• Jockey International Inc. (US)
• Gildan Activewear Inc. (Canada)
• Lululemon Athletica Inc. (Canada)
• Icebreaker Holdings Limited (New Zealand)
• Smartwool Corporation (US)
• The North Face (US)
• Stance Inc. (US)
• Bombas LLC (US)
• Champion (US)
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*List of Second Tier Companies, List of Third Tier/ Start-up Companies (Inquire with sales executive) Request Any Company Profile for Preview Purpose OR Data Validation!

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Regional Analysis of the Socks Market

Which Region Dominates the Socks Market in 2024?

According to Cognitive Market Research, North America currently dominates the Socks market, and the region is expected to have significant growth during the projected period. Athletic socks, which are particularly well-liked by consumers, are in high demand due to the region's vibrant sports culture.

Which Region is Expanding at the Fastest CAGR?

Asia-Pacific is expected to make significant gains during the projected period, with the greatest compound annual growth rate (CAGR). The region's rising middle class and sizable population have raised demand for stylish yet reasonably priced apparel, including socks.

The current report Scope analyzes Socks Market on 5 major region Split (In case you wish to acquire a specific region edition (more granular data) or any country Edition data then please write us on info@cognitivemarketresearch.com

• North America (United States, Canada, Mexico)
• Europe (United Kingdom, France, Germany, Italy, Russia, Spain, Sweden, Denmark, Switzerland, Luxembourg, Rest of Europe)
• Asia Pacific (China, Japan, South Korea, India, Australia, Singapore, Taiwan, South East Asia, Rest of APAC)
• Latin America (Brazil, Argentina, Colombia, Peru, Chile, Rest of South America)
• Middle East (Saudi Arabia, Turkey, UAE, Egypt, Qatar, Rest of Middle East)
• Africa (Nigeria, South Africa, Rest of Africa)

The above graph is for illustrative purposes only.

North America Socks Market Analysis

According to Cognitive Market Research, the global Socks Market size was estimated at USD 38642.5 Million, out of which North America held the major market share of more than 40% of the global revenue with a market size of USD 15457.00 million in 2024 and will grow at a compound annual growth rate (CAGR) of 4.4% from 2024 to 2031.

• According to Cognitive Market Research, the US had a major share in the Socks Market with a market size of USD 12195.57 million in 2024 and is projected to grow at a CAGR of 4.2% during the forecast period. The U.S. market's Stringent governmental regulations against health.
• The Canada Socks Market had a market share of USD 1854.84 million in 2024 and is projected to grow at a CAGR of 5.2% during the forecast period. Canada’s rising awareness among the population.
• The Mexico Socks Market is projected to witness growth at a CAGR of 4.9% during the forecast period, with a market size of USD 1406.59 million in 2024.

Europe Socks Market Analysis

According to Cognitive Market Research, the global Socks Market size was estimated at USD 38642.5 Million, out of which Europe held the market share of more than 30% of the global revenue with a market size of USD 11592.75 million in 2024 and will grow at a compound annual growth rate (CAGR) of 4.7% from 2024 to 2031.

• The United Kingdom Socks Market had a market share of USD 1947.58 million in 2024 and is projected to grow at a CAGR of 5.5% during the forecast period. In the UK, Socks sales witness an upswing due to the increasing focus on sustainable goods.
• The France Socks Market is projected to witness growth at a CAGR of 3.9% during the forecast period, with a market size of USD 1066.53 million in 2024.
• According to Cognitive Market Research, the German Socks Market size was valued at USD 2295.36 million in 2024 and is projected to grow at a CAGR of 4.9% during the forecast period. In Germany, Socks surged due to the Increased focus of the manufacturers and major market players.
• The Italy Socks Market is projected to witness growth at a CAGR of 4.1% during the forecast period, with a market size of USD 996.98 million in 2024.
• The Russia Socks Market is projected to witness growth at a CAGR of 3.7% during the forecast period, with a market size of USD 1796.88 million in 2024.
• The Spain Socks Market is projected to witness growth at a CAGR of 3.8% during the forecast period with a market size of USD 950.61 million in 2024
• The Luxembourg Socks Market is projected to witness growth at a CAGR of 4.8% during the forecast period, with a market size of USD 359.38 million in 2024.
• The Portugal Socks Market is projected to witness growth at a CAGR of 4.5% during the forecast period, with a market size of USD 243.45 million in 2024.
• The Greece Socks Market is projected to witness growth at a CAGR of 5.0% during the forecast period, with a market size of USD 139.11 million in 2024.
• The Rest of Europe's Socks Market is projected to witness growth at a CAGR of 3.4% during the forecast period, with a market size of USD 1796.88 million in 2024.

Asia Pacific Socks Market Analysis

According to Cognitive Market Research, the global Socks Market size was estimated at USD 38642.5 Million, out of which Asia Pacific held the market share of around 23% of the global revenue with a market size of USD 8887.78 million in 2024 and will grow at a compound annual growth rate (CAGR) of 8.2% from 2024 to 2031.

• According to Cognitive Market Research, the China Socks Market size was valued at USD 3999.50 million in 2024 and is projected to grow at a CAGR of 7.7% during the forecast period. Socks surged in China due to Increased focus of the manufacturers and major market players.
• The Japan Socks Market is projected to witness growth at a CAGR of 6.7% during the forecast period, with a market size of USD 1226.51 million in 2024.
• The India Socks Market had a market share of USD 1066.53 million in 2024 and is projected to grow at a CAGR of 10.0% during the forecast period. India's rising awareness among the populations .
• The South Korean Socks Market is projected to witness growth at a CAGR of 7.3% during the forecast period, with a market size of USD 888.78 million in 2024.
• The Australian Socks Market is projected to witness growth at a CAGR of 7.9% during the forecast period, with a market size of USD 462.16 million in 2024.
• The South East Asia Socks Market is projected to witness growth at a CAGR of 9.2% during the forecast period, with a market size of USD 613.26 million in 2024.
• The Rest of Asia Pacific Socks Market is projected to witness growth at a CAGR of 8.0% during the forecast period, with a market size of USD 631.03 million in 2024.

South America Socks Market Analysis

According to Cognitive Market Research, the global Socks Market size was estimated at USD 38642.5 Million, out of which the Latin America held the market share of around 5% of the global revenue with a market size of USD 1932.13 million in 2024 and will grow at a compound annual growth rate (CAGR) of 5.6% from 2024 to 2031.

• According to Cognitive Market Research, the Brazil Socks Market size was valued at USD 826.95 million in 2024 and is projected to grow at a CAGR of 6.2% during the forecast period. Socks flourished in Brazil due to increasing demand for reasonably priced, cozy, and fashionable socks.
• Argentina's Socks Market had a market share of USD 324.60 million in 2024 and is projected to grow at a CAGR of 6.5% during the forecast period. Argentina's rising personal disposable income .
• Colombia Socks Market is projected to witness growth at a CAGR of 5.4% during the forecast period, with a market size of USD 171.96 million in 2024.
• Peru Socks Market is projected to witness growth at a CAGR of 5.8% during the forecast period, with a market size of USD 158.43 million in 2024.
• Chile Socks Market is projected to witness growth at a CAGR of 5.9% during the forecast period, with a market size of USD 139.11 million in 2024.
• The Rest of Latin America's Socks Market is projected to witness growth at a CAGR of 4.7% during the forecast period, with a market size of USD 311.07 million in 2024.

Middle East Socks Market Analysis

According to Cognitive Market Research, the global Socks Market size was estimated at USD 38642.5 Million, out of which the Middle East and Africa held the major market share of around 2% of the global revenue with a market size of USD 772.85 million in 2024 and will grow at a compound annual growth rate (CAGR) of 5.9% from 2024 to 2031..

• The GCC Countries Socks Market is projected to witness growth at a CAGR of 6.7% during the forecast period, with a market size of USD 330.78 million in 2024. Socks sales flourish due to the presence of major market players.
• The Egypt Socks Market is projected to witness growth at a CAGR of 6.2% during the forecast period, with a market size of USD 81.15 million in 2024.
• The South Africa Socks Market is projected to witness growth at a CAGR of 6.9% during the forecast period, with a market size of USD 122.11 million in 2024. Socks sales flourished in South Africa due to increasing demand and regulatory support.
• The Turkey Socks Market is projected to witness growth at a CAGR of 5.4% during the forecast period, with a market size of USD 66.47 million in 2024.
• The Nigeria Socks Market is projected to witness growth at a CAGR of 5.0% during the forecast period, with a market size of USD 81.15 million in 2024.
• The Rest of the MEA Socks Market is projected to witness growth at a CAGR of 4.9% during the forecast period, with a market size of USD 91.20 million in 2024.

Socks Market Analysis

How are Segments Performing in the Global Socks Market?

Socks Market Product Segment Analysis

According to Cognitive Market Research, Casual socks are likely to dominate the Socks Market over the forecast period. Casual socks are adaptable and comfortable enough to be used in a variety of situations. They come in a range of colors and patterns and are typically composed of a blend of synthetic, cotton, or wool fibers. Crew socks, ankle socks, and no-show socks are a few of the most common styles of casual socks.

The Athletic socks is the fastest-growing segment in the Socks Market. Since their inception, athletic socks have evolved significantly from the simple white model. One of the biggest markets for these socks is the sports community. To improve user comfort, the socks have a silicon grip, an undetectable casual ankle lining, and a low cut. They are constructed of non-slip cotton.

The above Chart is for representative purposes and does not depict actual sale statistics. Access/Request the quantitative data to understand the trends and dominating segment of Socks Industry. Request a Free Sample PDF!

Socks Market Raw Material Segment Analysis

According to Cognitive Market Research, the cotton segment holds the largest share of the market, because of their inherent comfort, breathability, and moisture absorption, which contribute to their widespread popularity. Cotton's natural fibers promote improved air circulation, which lowers the possibility of discomfort and foot sweat.

In the Socks Market, the wool sector has been expanding at a rapid pace. Wool socks are the favored choice because of its superior insulating qualities, which keep feet warm in cold weather and efficiently wick away moisture to keep them dry. Wool's inherent elasticity makes for a snug fit that is supportive and comfortable.

The above Graph is for representation purposes only. This chart does not depict actual Market share.

Socks End-user Outlook: Segment Analysis

Socks Market End User Segment Analysis

According to Cognitive Market Research, The men segment holds the largest market share. Compared to women, men are more likely to favor formal socks. They also purchase other categories based on their own preferences and the usual activities they partake in.

In the Socks Market, the rapidly growing sector is the women category. Women are increasingly participating in a wide range of sports, and women are more likely than males to believe that sports are vital to their health and happiness.

• Men
• Women
• Children

Socks Distribution Channel Outlook: Segment Analysis

Socks Market Distribution Channel Segment Analysis

According to Cognitive Market Research, the hypermarkets and supermarkets segment dominates the market. When buying a product, consumers mainly consider the product life cycle and price/value aspect. They find that retail stores are the most convenient place to trial and inspect things before making a purchase.

Online is projected to be the fastest-growing segment in the Socks Market. Customers prefer to buy premium products from official websites and online portals in order to benefit from value-added services like cash on delivery, easy return policies, and centralized and integrated customer support.

• Hypermarkets and Supermarket
• Convenience Store
• Online
• Others

Author's Detail

Sneha Mali

Research Analyst at Cognitive Market Research

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I am a research analyst working in various domains including the Consumer Goods domain, and my primary responsibility is to conduct thorough research on various subjects and provide valuable insights to support client requirements. I have knowledge of research methodologies, and data mining which enables me to analyze large data sets, draw meaningful conclusions, and communicate them effectively. I stay up-to-date with the latest research trends, methodologies, and technologies to ensure that my research is accurate, relevant, and impactful.

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