United States Socks Market Report and Forecast 2024-2032

United States Socks Market Size

The United States socks market reached approximately USD 8.40 billion in 2023. The market is projected to grow at a CAGR of 5.4% between 2024 and 2032, reaching a value of around USD 13.48 billion by 2032.

United States Socks Market Outlook

• In 2022, the United States saw an increase in exports of fibres, textiles, and apparel, reaching $34 billion, up from $28.4 billion in 2021.

• Online sales constituted 15.9% of total sales in the USA during the first quarter of 2024.

• In 2022, outdoor recreation participation rose by 2.3% to 168.1 million people, representing 55% of the U.S. population aged six and older.

United States Socks Market Growth

The increasing popularity of socks is directly correlated with the rise in outdoor and recreational pursuits. With more individuals partaking in such activities, the necessity for top-notch, specialised socks is on the rise. A significant 80% of outdoor activity sectors witnessed an uptick in participation in 2022, encompassing major sectors like camping and fishing, as well as niche sectors such as sport climbing and skateboarding. According to the Outdoor Industry Association's annual survey on outdoor engagement, the United States saw an addition of 881,000 new hikers in 2022. The upsurge in hiking and trekking endeavours has consequently led to heightened demand for specialised hiking socks, which are crafted to offer cushioning, moisture-wicking capabilities, and durability- all crucial elements for enduring long hikes and challenging terrains.

The surge in the online retail sector has significantly boosted sock sales, due to the convenience, extensive variety, competitive pricing, and tailored shopping experience it provides. E-commerce sales reached $1.119 trillion in 2023, up from $1.040 trillion in 2022. According to the U.S. Department of Commerce data, U.S. e-commerce accounted for 22.0% of total retail sales in 2023. As online shopping continues to progress and grow, it is anticipated to further boost the demand for socks, solidifying online retail as a vital platform for sock brands and retailers in the U.S.

United States Socks Industry Segmentation

“United States Socks Market Report and Forecast 2024-2032” offers a detailed analysis of the market based on the following segments:

Market Breakup by Product Type

• Casual Socks

• Formal Socks

• Athletic Socks

• Speciality Socks

• Others

Market Breakup by Material Type

• Nylon

• Cotton

• Polyester

• Wool

• Others

Market Breakup by Demographics

• Men

• Women

• Kids

Market Breakup by Distribution Channel

• Hypermarkets/Supermarkets

• Convenience Stores

• Online Channels

• Others

Market Breakup by Region

• New England

• Mideast

• Great Lakes

• Plains

• Southeast

• Southwest

• Rocky Mountain

• Far West

United States Socks Market Share

Based on the distribution channel, the market is segmented into hypermarkets/supermarkets, convenience stores, and online channels, among others. Online channels are projected to grow at a CAGR of 9.7% during the forecast period of 2024-2032. The convenience of online shopping provides consumers with the unique opportunity to explore and acquire a wide variety of sock choices from the comfort of their residences.

Leading Companies in the United States Socks Market

Major players are focusing on product innovation and ethical production practices to gain a competitive edge in the market.

• Nike, Inc.

• Adidas AG

• Puma SE

• USPA Global Licensing, Inc. 

• New Balance Athletics, Inc. 

• YONEX Co., Ltd. 

• Li-Ning Studio LLP 

• Under Armour, Inc. 

• Hanesbrands Inc. 

• Bombas 

• Others

Key Highlights of the Report