Latin America Socks Market Size & Outlook, 2022-2030
Latin America socks market, 2017-2030 (US$M)
Related Markets
Latin America socks market highlights
- The Latin America socks market generated a revenue of USD 2,789.0 million in 2022.
- The market is expected to grow at a CAGR of 5% 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.
- Country-wise, Brazil is expected to register the highest CAGR from 2023 to 2030.
Latin America data book summary
| Market revenue in 2022 | USD 2,789.0 million |
| Market revenue in 2030 | USD 4,124.1 million |
| Growth rate | 5% (CAGR from 2022 to 2030) |
| Largest segment | Casual |
| Fastest growing segment | Athletic |
| Historical data covered | 2017 - 2021 |
| Base year for estimation | 2022 |
| Forecast period covered | 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, Latin America region accounted for 6.2% of the global socks market in 2022.
- Globally, Asia Pacific is projected to lead the regional market in terms of revenue in 2030.
- Asia Pacific is the fastest growing regional market and is projected to reach USD 29,682.9 million by 2030.
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Socks Market Scope
Socks Market Companies
| Name | Profile | # Employees | HQ | Website |
|---|
Latin America 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 51.77% in 2022. Horizon Databook has segmented the Latin America socks market based on casual, formal, athletic covering the revenue growth of each sub-segment from 2017 to 2030.
The rising popularity of sports like football, baseball, basketball, rugby union, and tennis among the population in Central & South America is expected to create development opportunities through specialized socks for market players.
The increasing propensity of consumers to use casual and plain-knitted socks interchangeably for office wear and sports is expected to push market growth over the forecast period. Most consumers feel comfortable wearing casual socks as these give them confidence with most types of shoes and offer decent protection.
The demand for cotton socks is rising across Central & South America as the material is comfortable, durable, versatile, and environmental-friendly. Additionally, cotton socks provide good ventilation during outdoor activities and exercises, which is anticipated to propel the demand for cotton athletic socks in the region.
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Target buyers of Latin America 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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Approximately 65% of our revenue is generated working with competitive intelligence & market intelligence teams of market participants (manufacturers, service providers, etc.).
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Horizon Databook provides a detailed overview of continent-level data and insights on the Latin America socks market , including forecasts for subscribers. This continent databook contains high-level insights into Latin America socks market from 2017 to 2030, including revenue numbers, major trends, and company profiles.
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Latin America socks market size, by country, 2017-2030 (US$M)
Latin America Socks Market Outlook Share, 2022 & 2030 (US$M)
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