Straits Research has released its latest report on the globalHosiery Market, revealing significant growth projections over the next decade. Valued at USD 45.34 billion in 2024, the market is expected to expand from USD 47.56 billion in 2025 to USD 69.73 billion by 2033, growing at a compound annual growth rate (CAGR) of 4.9% during the forecast period (2025-2033).
Hosiery, which includes products like socks, stockings, pantyhose, and tights, plays a dual role in the fashion industry, serving both functional and aesthetic purposes. Made from materials such as nylon, spandex, and cotton, hosiery has become a key fashion accessory, driven by evolving consumer preferences and innovative designs.
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Market Scope and Research Methodology
The report provides a comprehensive analysis of the hosiery market, covering historical data from 2021 to 2023 and forecasting trends up to 2033. The research methodology includes primary and secondary data collection, market segmentation, and regional analysis. Key factors such as fashion trends, seasonal variability, and the rise of e-commerce have been meticulously examined to provide accurate market insights.
Segmentation Insights
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By Product Type: Socks dominate the market, followed by stockings, tights, and leggings. Athletic socks and compression socks are particularly popular due to their functionality and comfort.
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By Gender: Womenโs hosiery holds the largest market share, driven by increasing fashion consciousness and disposable income. Menโs hosiery is also growing, with stylish and performance-oriented products gaining traction.
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By Distribution Channel: Retail stores generate the most revenue, offering customers the ability to try on products before purchasing. However, online retail is rapidly expanding, providing convenience and a wider product range.
Regional Analysis
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Europe: Europe leads the global hosiery market, with a CAGR of 4.8%. The regionโs focus on fashion and luxury, coupled with rising disposable incomes, drives demand.
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Asia-Pacific: The fastest-growing region, Asia-Pacific is projected to grow at a CAGR of 5.0%. Increasing urbanization and the expansion of the middle class are key factors. Events like the China International Hosiery Purchasing Expo (CHPE) further boost market growth.
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North America: North America remains a significant market, with the U.S. being the most profitable country. The regionโs strong e-commerce presence and consumer demand for fashionable and comfortable hosiery contribute to its growth.
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Key Players
- Hanesbrands Inc.
- Gildan Activewear Inc.
- Golden Lady Company SpA
- CSP International Fashion Group S.p.A.
- 2XU Pty Ltd.
- Spanx LLC
- Carolina Hosiery Inc.
Recent Developments
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September 2023: HanesBrands and G-III Apparel Group announced a strategic license agreement for Champion-branded outerwear in North America.
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June 2023: The LYCRA Company introduced Sheer Sensation technology, addressing static buildup in hosiery while maintaining comfort and performance.
Conclusion
The global hosiery market is poised for steady growth, driven by fashion trends, e-commerce expansion, and increasing disposable incomes. While seasonal variability poses challenges, innovations in product design and distribution channels offer significant opportunities for market players.
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About Straits Research
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