Middle East & Africa Socks Market Size & Outlook
Middle East & Africa socks market, 2017-2030 (US$M)
Related Markets
MEA socks market highlights
- The MEA socks market generated a revenue of USD 2,981.9 million in 2022.
- The market is expected to grow at a CAGR of 4.5% 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, South Africa is expected to register the highest CAGR from 2023 to 2030.
MEA data book summary
| Market revenue in 2022 | USD 2,981.9 million |
| Market revenue in 2030 | USD 4,251.9 million |
| Growth rate | 4.5% (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, MEA region accounted for 6.7% 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.
Key Regions: U.S. , UK , Brazil , South Africa , Germany
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Socks Market Scope
Socks Market Companies
| Name | Profile | # Employees | HQ | Website |
|---|
Middle East & Africa 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 50.7% in 2022. Horizon Databook has segmented the Middle East & Africa socks market based on casual, formal, athletic covering the revenue growth of each sub-segment from 2017 to 2030.
Increasing demand for sports shoes from professional players and amateur sports enthusiasts for usage on wet, soft, and rough grounds is propelling the plain-knitted socks segment growth.
Additionally, rising demand for nylon and polyester socks across the Middle East & Africa is accelerating market growth. Polyester socks are durable and strong, absorb moisture, dry fast, and keep the feet fresh.
These socks are designed to offer comfort and warmth to the feet with the moisture absorption technique, which is accelerating the growth of the market in the region.
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Target buyers of Middle East & Africa 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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30% of our revenue is generated working with investment firms and helping them identify viable opportunity areas.
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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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The rest of the revenue is generated working with academic and research not-for-profit institutes. We do our bit of pro-bono by working with these institutions at subsidized rates.
Horizon Databook provides a detailed overview of continent-level data and insights on the Middle East & Africa socks market , including forecasts for subscribers. This continent databook contains high-level insights into Middle East & Africa socks market from 2017 to 2030, including revenue numbers, major trends, and company profiles.
Partial client list
MEA socks market size, by country, 2017-2030 (US$M)
Middle East & Africa Socks Market Outlook Share, 2022 & 2030 (US$M)
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