Throughout the forecast period spanning 2022 to 2032, Fact.MR predicts a robust growth trajectory for the hosiery market, with a projected Compound Annual Growth Rate (CAGR) of 5%. By 2032, the global market for deodorants and antiperspirants is anticipated to reach a valuation of US$ 82 billion. Driven by industry demands, businesses are innovating with a variety of cutting-edge fabric designs, such as striped tights, stirrup tights, python print tights, and patterned over-the-knee socks.

The market experiences strong growth due to product launches meeting evolving capabilities and offering new health benefits. The sports industry’s growing demand for hosiery, enhancing athletic performance while minimizing injuries, further propels market growth. However, rising raw material prices and super-premium product costs are potential hindrances.

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Region-wise Insights: In the US, the hosiery sector’s growth is fueled by consumer demand for stylish and comfortable fabric goods. Online stores, promoting customer-brand interaction, leverage big data analytics and machine learning to tailor advertisements to customer needs. A dedicated branch of athletic diplomacy ensures uninterrupted domestic and international sporting events, altering the American scene with numerous sponsored events.

Key Market Insights:

• In 2022, the global hosiery market is estimated at US$ 50.7 billion.
• The women’s segment is projected to dominate with a 65% market share in 2022 and beyond.
• Online sales are expected to hold a 40% global market share in 2022.
• The U.S. is predicted to capture 45% of the global market share in 2022, growing at a 5.1% CAGR from 2022 to 2032.
• China is forecasted to have a 5.2% CAGR during the projection period of 2022-2032.

According to a Fact.MR analyst, “The hosiery industry is poised for rapid expansion, driven by increased usage by athletes and evolving trends to provide support and protection to the body. Such developments will open up new avenues during the forecast period.”

Key Segments Covered:

• By Product:
  • Body Stockings
  • Compression Stockings
  • Knee-High/Hold-Ups Hosiery
  • Stockings
  • Socks
  • Tights
  • Toe Socks
• By Demography:
  • Hosiery for Men
  • Hosiery for Women
• By Price Range:
  • Economy-Priced Hosiery
  • Mid-Priced Hosiery
  • Premium-Priced Hosiery
  • Super Premium-Priced Hosiery
• By Sales Channel:
  • Modern Trade
  • Specialty Stores
  • Online Stores
  • Other Sales Channels
• By Region:
  • North America
  • Latin America
  • Europe
  • Japan
  • APEJ
  • Middle East & Africa

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Competitive Landscape:

In 2021, Blackstone and Spanx Inc. sealed a deal where the former acquired a majority stake in the latter for US$ 1.2 billion. This acquisition is expected to enhance SPANX’s global reach, accelerate its digital transformation, expand its online e-commerce presence, and reaffirm its commitment to innovative product development.

Adidas introduced the “Own the Game” approach in 2021, aiming to strengthen the Adidas brand’s reputation, create a standout customer experience, and expand environmental initiatives. This strategy is anticipated to significantly increase sales, profitability, and market share until 2025.

Key Companies Profiled:

• Spanx Inc.
• Adidas AG
• Nordstrom Inc.
• Wolford AG
• Jockey International, Inc.
• Golden Lady Company S.p.A.
• L Brands, Inc.
• CSP International Fashion Group S.p.A.
• Gildan Activewear Inc.
• Hanesbrands Inc.

More Insights:

Fact.MR new offering provides an unbiased analysis of the global hosiery market, presenting historical data from 2017 to 2021 and forecast statistics for 2022-2032. The report delves into hosiery market dynamics, covering product types, demography, price ranges, sales channels, and regions globally.

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