Global Socks Market Size

• According to Grand View Research, the global socks market size was valued at $42.2 billion in 2018. The casual products segment accounted for 54.3% market share, while the formal and athletics segment holds the rest.
• From 2019 to 2025, the athletic product is projected to expand at a (compound annual growth rate) CAGR of 6.7%. The growth is primarily driven by the launch of new products globally by top brands like Adidas and Nike.
• Based on gender, men accounted for the biggest share of 63.2%. Part of the big share is attributable to a growing preference for patchy and studded products, which are now gaining acceptance in the men's segment.
• In 2018, the North American market accounted for 19.8% share of the global revenue driven by strong sales by top brands like "Adidas A.G., Nike Inc., and Puma S.E."

Socks Sales Volume

• A report by Global Edge noted in March 2019 that a total of 21,239.05 million pairs of socks would be made and sold that year, with China and the U.S. being the top revenue generator markets.
• The report further asserted that the average price per pair of socks would be about $1.89. The report continued to say that Adidas, Nike, Puma, and Asics are the most popular socks brands in the U.S.
• The average sales prices of socks listed on Walmart range from as low as $6.93 to as high as $19.76.
• A 2016 Statista indicates that private labels held the highest share of 29.2% of the North American market, Hanes held 8.8%, Fruit of the Loom had 8.3%, Gildan 6%, Hanes Premium 2.9%, etc.