Brazil Socks Market Size & Outlook, 2022-2030
Brazil socks market, 2017-2030 (US$M)
Related Markets
Brazil socks market highlights
- The Brazil socks market generated a revenue of USD 984.9 million in 2022 and is expected to reach USD 1,490.5 million by 2030.
- The Brazil market is expected to grow at a CAGR of 5.3% from 2023 to 2030.
- In terms of segment, casual was the largest revenue generating product in 2022.
- Athletic is the most lucrative product segment registering the fastest growth during the forecast period.
Socks market data book summary
| Market revenue in 2022 | USD 984.9 million |
| Market revenue in 2030 | USD 1,490.5 million |
| Growth rate | 5.3% (CAGR from 2022 to 2030) |
| Largest segment | Casual |
| Fastest growing segment | Athletic |
| Historical data | 2017 - 2021 |
| Base year | 2022 |
| Forecast period | 2023 - 2030 |
| Quantitative units | Revenue in USD million |
| Market segmentation | Casual, Formal, Athletic |
| Key market players worldwide | Nike Inc Class B, Puma SE, Adidas AG, ASICS Corp, Skechers USA Inc Class A, Hanesbrands Inc, Under Armour Inc Class A, VF Corp, Jockey International, Drymax Socks |
Other key industry trends
- In terms of revenue, Brazil accounted for 2.2% of the global socks market in 2022.
- Country-wise, U.S. is expected to lead the global market in terms of revenue in 2030.
- In Latin America, Brazil socks market is projected to lead the regional market in terms of revenue in 2030.
- Brazil is the fastest growing regional market in Latin America and is projected to reach USD 1,490.5 million by 2030.
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Socks Market Scope
Socks Market Companies
| Name | Profile | # Employees | HQ | Website |
|---|
Brazil socks market outlook
The databook is designed to serve as a comprehensive guide to navigating this sector. The databook focuses on market statistics denoted in the form of revenue and y-o-y growth and CAGR across the globe and regions. A detailed competitive and opportunity analyses related to socks market will help companies and investors design strategic landscapes.
Casual was the largest segment with a revenue share of 52.14% in 2022. Horizon Databook has segmented the Brazil socks market based on casual, formal, athletic covering the revenue growth of each sub-segment from 2017 to 2030.
According to the International Diabetes Federation (IDF), in November 2021, nearly 15.7 million adults that account more 10.5% of total population were living with diabetes in Brazil. The rising demand for a foot ulcer and infection treatments for diabetic patients makes them prefer to use diabetic socks under the recommendations of doctors to protect their feet.
Manufacturers in the country have been focusing on various strategies like opening new stores and expanding their product portfolios to gain significant market share and traction among consumers is expected to propel the market growth over the forecast period.
For instance, in February 2023, Lupo S.A., a Brazilian hosiery company, opened a new store in Shopping Cerrado mall in Goiânia region of Brazil. The company has offered socks along with other products for over 100 years.
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Target buyers of Brazil socks market databook
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Our clientele includes a mix of socks market companies, investment firms, advisory firms & academic institutions.
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Horizon Databook provides a detailed overview of country-level data and insights on the Brazil socks market , including forecasts for subscribers. This country databook contains high-level insights into Brazil socks market from 2017 to 2030, including revenue numbers, major trends, and company profiles.
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Brazil socks market size, by product, 2017-2030 (US$M)
Brazil Socks Market Outlook Share, 2022 & 2030 (US$M)
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