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Asia Pacific Socks Market Size, Share, Growth, Forecast: By Product Type: Casual Socks, Formal Socks, Athletic Socks, Speciality Socks, Others; By Material Type: Nylon, Cotton, Polyester, Wool, Others; By Demographics: Men, Women, Kids; By Distribution Channel; Regional Analysis; Market Dynamics; Competitive Landscape; 2024-2032
Asia Pacific Socks Market Size
The Asia Pacific socks market reached approximately USD 22.79 billion in 2023. The market is projected to grow at a CAGR of 6.5% between 2024 and 2032, reaching a value of around USD 40.17 billion by 2032.
Asia Pacific Socks Market Outlook
- The ecommerce market value in the Asia Pacific region is projected to exceed USD$28.9 trillion by the year 2026.
- In 2023, NAIGAI, a company specialising in glove design and manufacturing, introduced high-quality socks aimed at addressing the challenges faced by the elderly, pregnant women, and individuals with disabilities.
- It is anticipated that Asian consumers will represent 50 per cent of the global consumption growth over the next ten years, presenting a consumption growth opportunity valued at $10 trillion.
Asia Pacific Socks Market Growth
Business-to-business e-commerce in the expansive Asia Pacific has seen a steady annual growth rate of 15%, surpassing the global average of 14.5% in gross merchandise value growth each year. The expansion of e-commerce significantly contributes to the increasing demand for consumer products. Online shopping platforms are accessible 24/7, enabling customers to buy products, including socks, at their leisure without being constrained by store operating hours. The convenience of doorstep delivery removes the necessity of visiting physical stores, facilitating regular purchases of socks for consumers.
Japan occupies a significant share of the market due to its population's commitment to fitness and physical activity. According to the 2022 SSF National Sports-Life Survey, 72.9% of individuals in Japan engaged in sports and physical activities at least once during the year. Moreover, 49.1% of the population participated in sports at least twice a week in 2022. Walking is an integral part of Japanese culture, with many individuals covering considerable distances daily, which serves as an excellent form of cardiovascular exercise. In addition, activities such as calisthenics and traditional dance contribute to physical fitness without the need for structured exercise programmes. The increasing involvement in these outdoor and physical activities has led to a growing demand for specialised fitness socks that combine functionality with style.
Asia Pacific Socks Industry Segmentation
“Asia Pacific 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 Country
- China
- Japan
- India
- ASEAN
- Australia
- Others
Asia Pacific 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 11.7% during the forecast period of 2024-2032. Online shopping offers consumers unparalleled convenience, allowing them to browse and purchase a diverse array of sock options from the comfort of their own homes.
Leading Companies in the Asia Pacific 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
- U.S.Polo Assn.
- New Balance Athletics, Inc.
- YONEX Co., Ltd.
- Li-Ning Studio LLP
- Under Armour, Inc.
- Tutuanna Co., Ltd.
- ZHEJIANG JASAN HOLDING GROUP CO., LTD.
- Others
Key Highlights of the Report
| REPORT FEATURES | DETAILS |
| Base Year | 2023 |
| Historical Period | 2018-2023 |
| Forecast Period | 2024-2032 |
| Scope of the Report |
Historical and Forecast Trends, Industry Drivers and Constraints, Historical and Forecast Market Analysis by Segment:
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| Breakup by Product Type |
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| Breakup by Material Type |
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| Breakup by Demographics |
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| Breakup by Distribution Channel |
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| Breakup by Region |
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| Market Dynamics |
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| Competitive Landscape |
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| Companies Covered |
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*While we strive to always give you current and accurate information, the numbers depicted on the website are indicative and may differ from the actual numbers in the main report. At Expert Market Research, we aim to bring you the latest insights and trends in the market. Using our analyses and forecasts, stakeholders can understand the market dynamics, navigate challenges, and capitalize on opportunities to make data-driven strategic decisions.
1 Preface
2 Report Coverage – Key Segmentation and Scope
3 Report Description
3.1 Market Definition and Outlook
3.2 Properties and Applications
3.3 Market Analysis
3.4 Key Market Players
4 Key Assumptions
5 Executive Summary
5.1 Overview
5.2 Key Drivers
5.3 Key Developments
5.4 Competitive Structure
5.5 Key Industrial Trends
6 Market Snapshot
7 Opportunities and Challenges in the Market
8 Global Socks Market Overview
8.1 Key Industry Highlights
8.2 Global Socks Historical Market (2018-2023)
8.3 Global Socks Market Forecast (2024-2032)
8.4 Global Socks Market Breakup by Region
8.4.1 North America
8.4.2 Europe
8.4.3 Asia Pacific
8.4.4 Latin America
8.4.5 Middle East and Africa
9 Asia Pacific Socks Market Overview
9.1 Key Industry Highlights
9.2 Asia Pacific Socks Historical Market (2018-2023)
9.3 Asia Pacific Socks Market Forecast (2024-2032)
10 Asia Pacific Socks Market by Product Type
10.1 Casual Socks
10.1.1 Historical Trend (2018-2023)
10.1.2 Forecast Trend (2024-2032)
10.2 Formal Socks
10.2.1 Historical Trend (2018-2023)
10.2.2 Forecast Trend (2024-2032)
10.3 Athletic Socks
10.3.1 Historical Trend (2018-2023)
10.3.2 Forecast Trend (2024-2032)
10.4 Speciality Socks
10.4.1 Historical Trend (2018-2023)
10.4.2 Forecast Trend (2024-2032)
10.5 Others
11 Asia Pacific Socks Market by Material Type
11.1 Nylon
11.1.1 Historical Trend (2018-2023)
11.1.2 Forecast Trend (2024-2032)
11.2 Cotton
11.2.1 Historical Trend (2018-2023)
11.2.2 Forecast Trend (2024-2032)
11.3 Polyester
11.3.1 Historical Trend (2018-2023)
11.3.2 Forecast Trend (2024-2032)
11.4 Wool
11.4.1 Historical Trend (2018-2023)
11.4.2 Forecast Trend (2024-2032)
11.5 Others
12 Asia Pacific Socks Market by Demographics
12.1 Men
12.1.1 Historical Trend (2018-2023)
12.1.2 Forecast Trend (2024-2032)
12.2 Women
12.2.1 Historical Trend (2018-2023)
12.2.2 Forecast Trend (2024-2032)
12.3 Kids
12.3.1 Historical Trend (2018-2023)
12.3.2 Forecast Trend (2024-2032)
13 Asia Pacific Socks Market by Distribution Channel
13.1 Hypermarkets/Supermarkets
13.1.1 Historical Trend (2018-2023)
13.1.2 Forecast Trend (2024-2032)
13.2 Convenience Stores
13.2.1 Historical Trend (2018-2023)
13.2.2 Forecast Trend (2024-2032)
13.3 Online Channels
13.3.1 Historical Trend (2018-2023)
13.3.2 Forecast Trend (2024-2032)
13.4 Others
14 Asia Pacific Socks Market by Country
14.1 China
14.1.1 Historical Trend (2018-2023)
14.1.2 Forecast Trend (2024-2032)
14.2 Japan
14.2.1 Historical Trend (2018-2023)
14.2.2 Forecast Trend (2024-2032)
14.3 India
14.3.1 Historical Trend (2018-2023)
14.3.2 Forecast Trend (2024-2032)
14.4 ASEAN
14.4.1 Historical Trend (2018-2023)
14.4.2 Forecast Trend (2024-2032)
14.5 Australia
14.5.1 Historical Trend (2018-2023)
14.5.2 Forecast Trend (2024-2032)
14.6 Others
15 Market Dynamics
15.1 SWOT Analysis
15.1.1 Strengths
15.1.2 Weaknesses
15.1.3 Opportunities
15.1.4 Threats
15.2 Porter’s Five Forces Analysis
15.2.1 Supplier’s Power
15.2.2 Buyers Powers
15.2.3 Threat of New Entrants
15.2.4 Degree of Rivalry
15.2.5 Threat of Substitutes
15.3 Key Indicators for Demand
15.4 Key Indicators for Price
16 Competitive Landscape
16.1 Market Structure
16.2 Company Profiles
16.2.1 Nike, Inc.
16.2.1.1 Company Overview
16.2.1.2 Product Portfolio
16.2.1.3 Demographic Reach and Achievements
16.2.1.4 Certifications
16.2.2 Adidas AG
16.2.2.1 Company Overview
16.2.2.2 Product Portfolio
16.2.2.3 Demographic Reach and Achievements
16.2.2.4 Certifications
16.2.3 Puma SE
16.2.3.1 Company Overview
16.2.3.2 Product Portfolio
16.2.3.3 Demographic Reach and Achievements
16.2.3.4 Certifications
16.2.4 U.S.Polo Assn.
16.2.4.1 Company Overview
16.2.4.2 Product Portfolio
16.2.4.3 Demographic Reach and Achievements
16.2.4.4 Certifications
16.2.5 New Balance Athletics, Inc.
16.2.5.1 Company Overview
16.2.5.2 Product Portfolio
16.2.5.3 Demographic Reach and Achievements
16.2.5.4 Certifications
16.2.6 YONEX Co., Ltd.
16.2.6.1 Company Overview
16.2.6.2 Product Portfolio
16.2.6.3 Demographic Reach and Achievements
16.2.6.4 Certifications
16.2.7 Li-Ning Studio LLP
16.2.7.1 Company Overview
16.2.7.2 Product Portfolio
16.2.7.3 Demographic Reach and Achievements
16.2.7.4 Certifications
16.2.8 Under Armour, Inc.
16.2.8.1 Company Overview
16.2.8.2 Product Portfolio
16.2.8.3 Demographic Reach and Achievements
16.2.8.4 Certifications
16.2.9 Tutuanna Co., Ltd.
16.2.9.1 Company Overview
16.2.9.2 Product Portfolio
16.2.9.3 Demographic Reach and Achievements
16.2.9.4 Certifications
16.2.10 ZHEJIANG JASAN HOLDING GROUP CO., LTD.
16.2.10.1 Company Overview
16.2.10.2 Product Portfolio
16.2.10.3 Demographic Reach and Achievements
16.2.10.4 Certifications
16.2.11 Others
17 Key Trends and Developments in the Market
List of Key Figures and Tables
1. Global Socks Market: Key Industry Highlights, 2018 and 2032
2. Asia Pacific Socks Market: Key Industry Highlights, 2018 and 2032
3. Asia Pacific Socks Historical Market: Breakup by Product Type (USD Billion), 2018-2023
4. Asia Pacific Socks Market Forecast: Breakup by Product Type (USD Billion), 2024-2032
5. Asia Pacific Socks Historical Market: Breakup by Material Type (USD Billion), 2018-2023
6. Asia Pacific Socks Market Forecast: Breakup by Material Type (USD Billion), 2024-2032
7. Asia Pacific Socks Historical Market: Breakup by Demographics (USD Billion), 2018-2023
8. Asia Pacific Socks Market Forecast: Breakup by Demographics (USD Billion), 2024-2032
9. Asia Pacific Socks Historical Market: Breakup by Distribution Channel (USD Billion), 2018-2023
10. Asia Pacific Socks Market Forecast: Breakup by Distribution Channel (USD Billion), 2024-2032
11. Asia Pacific Socks Historical Market: Breakup by Country (USD Billion), 2018-2023
12. Asia Pacific Socks Market Forecast: Breakup by Country (USD Billion), 2024-2032
13. Asia Pacific Socks Market Structure
Key Questions Answered in the Report
In 2023, the market reached an approximate value of USD 22.79 billion.
The market is estimated to grow at a CAGR of 6.5% between 2024 and 2032.
The market is estimated to witness a healthy growth during 2024-2032 to reach around USD 40.17 billion by 2032.
The market is being driven by rising disposable income, increasing spending on consumer goods, and rising health and fitness awareness.
The key trends aiding the market expansion include the growth of online sales channels and rising brand endorsements by athletes.
The different distribution channels of socks include hypermarkets/supermarkets, convenience stores, and online channels, among others.
The major countries included in the market are China, Japan, India, ASEAN, and Australia, among others.
The major players in the market are Nike, Inc., Adidas AG, Puma SE, U.S.Polo Assn., New Balance Athletics, Inc., YONEX Co., Ltd., Li-Ning Studio LLP, Under Armour, Inc., Tutuanna Co., Ltd., and ZHEJIANG JASAN HOLDING GROUP CO., LTD., among others.
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