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Hiker Socks and Yoga Socks Market

Global Market Study on Global Hiker and Yoga Socks Market: Global Hiker and Yoga Socks Market to Generate High Revenue for Market Players across Regions

Global Hiker and Yoga Socks Market Segmented By Product Type (No-show Socks, Ankle Socks, Crew Socks, Knee-high Socks) | Material ( Cotton, Polyester, Wool, Nylon, Spandex) - Online Sales Growing at a CAGR of more than 8%

Hiker Socks and Yoga Socks Market Outlook (2024-2033)

According to a new study by Persistence Market Research, the global market generated a revenue of US$ 978.0 million in 2022. Worldwide demand for hiker socks and yoga socks is set to accelerate at 6.4% CAGR and top a market valuation of US$ 1,927.4 million by 2033.

Hiker Socks and Yoga Socks Market Size (2022A)

US$ 978.0 million

Estimated Market Size (2024E)

US$1102 million

Projected Market Value (2033F)

US$ 1,927.4 million

Value CAGR (2024–2033)

6.4%

Collective Value Share: Top 3 Countries (2022)

30%

Due to reasons including expanding sports participation on the one hand and an increase in injuries from physical activity on the other, the demand for hiking socks and yoga socks is anticipated to increase over the next years. Another factor pushing people to wear compression and grip socks when exercising is the rise in health concerns. The most popular types of socks are wool and cotton, and sales of unisex socks outpace those for any particular customer demographic.

The market research and consulting firm Persistence Market Research provides in-depth insights into the elements and constituents influencing hiker socks and yoga socks sales, which are particularly high in the commercial sector, in its latest analysis. The study analyses the market in more than 20 fast-growing nations and examines how emerging coronaviruses have affected the parent industry generally and hiking socks and yoga socks specifically.

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Hiker Socks and Yoga Socks Demand Analysis (2017 to 2022) Vs. Market Projections (2023 to 2033)

From 2017 to 2022, the hiker and yoga socks market grew at a CAGR of 6.4%, and the outlook for this industry is positive going forward. Since these socks offer the compression and grip required for physical activities like hiking and yoga, their use is predicted to grow. Manufacturers are working to create socks that are as comfortable as possible for customers.

Additionally, it is anticipated that the multipurpose character of these socks will fuel sales development in the upcoming years. In addition to yoga and hiking, these socks can be worn for a variety of sports, dancing, etc.

Over the forecast period 2024-2033, the hiking and yoga socks market is anticipated to expand at a CAGR of 6.4% in terms of value.

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Will the Popularity of Outdoor Sports Lead to a Greater Uptake of Hiking and Yoga Socks?

The use and significance of hiker socks and yoga socks during adventure activities have been widely publicized due to adventure lovers. Popular adventurers and influencers like Mike Horn, Jimmy Chin, and Bear Grylls have used social media platforms and television programs to demonstrate how they use these technologies for their audience. This has motivated those who enjoy outdoor adventures to choose these tools.

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How Is Customization and Premiumization Gaining Traction?

Customization has gained prominence as a crucial business strategy in recent years due to its ability to boost client happiness, which in turn encourages repeat business and increases revenues. Manufacturers in the sector are supplying customized hiking and yoga socks after realizing that the future rests in offering personalized and customized solutions.

The ability to tailor socks in terms of size, pattern, style, height, material, etc. is rarely offered by manufacturers. In addition to customization, manufacturers are also involved in making some ideas and suggestions. All of these programs have aided firms in gaining a competitive edge over other players in this market.

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How are Hiker and Yoga Socks Market Emerging as Lucrative Trends?

Key players are signing sponsorship agreements with significant associations of sporting events and athletes around the world in order to increase visibility and brand recognition among consumers. Due to this, well-known athletic companies like Adidas have started using well-known American basketball and football players to promote their products, which is projected to advance the sports and athletic sectors.

What are the Positive Claims Manufacturers Attach to Yoga and Hiking Socks?

In an effort to capitalize on a product's USP, and establish a significant market presence, various manufacturers, and brand owners have made numerous assertions about the effectiveness of their products. Consonants like "non-slip socks," "grip socks," "compression socks," etc. are frequently employed to catch the attention of customers.

Another well-known promise that is becoming more significant in the market is Eco Made. This description is applied to socks constructed of recycled materials. The utilization of such implications and assertions in connection with product performance and features has significantly contributed to grabbing more consumer attention.

How Increase in Spending on Health and Fitness Among Adults Fueling the Demand for Hiker and Yoga Socks Market?

The adult generations are highly concerned about their health and fitness so they are active about the latest trends in the products like hiker and yoga socks. This generation is active on social media, mostly prefer buying online products, and branded products so the spending on health and fitness products are high in demand.

Will the Rise in Importance for Eco-Friendly Socks Increasing Demand for Socks in the Market?

With the growing number of eco-conscious consumers, eco-friendly companies are effortlessly positioning their products as sustainable to achieve a brand image in the market. Providing sustainable socks is grabbing the attention of the targeted audience.

For instance, Patagonia Inc. is the eco-friendliest seller and commits about 1% of its revenue to environmental groups by saying as one percent to our planet. The company even carries out the campaigns like Global Climate Strike. This grabs the attention of those consumers who are eco-conscious.

Country-wise Insights

Will the U.S.'s Rising Sports Injuries Encourage Consumers to Adopt New Products?

The adoption of socks that give better comfort and protection is anticipated to be significantly influenced by the rising incidence of injuries resulting from sports and other recreational activities. Exercise was one of the main contributors to accidents during sports and recreational activities in 2019, according to figures from the National Safety Council. As a result, American consumers are now more worried about their safety when participating in sports and other leisure activities.

The regional sales of hiker socks and yoga socks with built-in cushions that ensure maximum protection are projected to benefit from growing awareness of health safety during such sports and leisure activities.

How is the Premiumization Trend Changing the Range of Products Available in the UK?

One of the significant current developments that has changed the market's product offers is premiumization. The demand for good and premium anti-grip socks in the United Kingdom is expected to rise as consumer spending grows. Due to the current fashion, local manufacturers are eager to provide hiker socks that ensure bacterial and odor control, an anti-blistering function, and maximum comfort. This is how regional players are being encouraged to modify their services by the current premium trend.

Is Brazil's Demand for Sports and Recreational Activities Being Driven by Growing Millennial Interest?

Millennials are constantly on the cutting edge of health and fitness trends. The millennial generation is known as the "outdoor natives" because, despite leading a busy lifestyle, they have considerably increased interest in outdoor and recreational activities over the past several years.

During the projection period, it is anticipated that millennials' growing interest in outdoor and recreational activities would be a major factor in boosting the regional uptake of hiking and yoga socks. Additionally, it is expected that the swift growth of recreational and outdoor groups in the nation would encourage an increase in hiking activities over the next years, favorably affecting regional sales of hiker and yoga socks.

Category-wise Insights

Which Category of Hiking and Yoga Socks Commands the Market?

Crew socks, among the products, currently have a sizable share of the market with a volume of 46.5%. Crew socks are thought of as the traditional height since they are somewhat taller than ankle socks and offer the best protection against abrasion when worn with boots. This is one of the main explanations for why crew socks are more commonly worn than other types of socks.

Which Sock Material is anticipated to be in Demand the Most?

The most common socks material, in terms of composition, is wool. According to the analysis, the sector had a sizable proportion of 31.6% in 2022. The best material for shoes is wool since it regulates temperature and offers the right amount of cushioning.

Additionally, the material has inherent anti-microbial qualities, which means it retains less odor than other fibers. Wool has become a popular material for yoga socks and hiking socks because of all these features. Over the forecast period, the wool material category is anticipated to experience a high CAGR of over 8%.

Will Online Retail Take the Lead in Sales of Yoga and Hiker Socks?

Our analysis predicts that online sales will grow at a CAGR of more than 8% during the projection period. Numerous local and regional firms compete in the hiker and yoga socks market, which is largely categorized as a fragmented industry. Manufacturers are extending their online presence in an industry where brick-and-mortar shopping is still a major player to boost sales and profitability.

Hiker Socks and Yoga Socks Market Competition Landscape

Manufacturers are currently concentrating on expanding their product portfolios and market reach in response to the growing number of consumers by choosing strategic alliances and partnerships. Currently, producers are focusing on both the mass and luxury categories of markets.

For instance:

  • In 2020, Adidas announced that in 2021, Adidas will use more than 60 percent recycled polyester in its products & from 2024 onward, Adidas is committed to using only recycled polyester.
  • In 2020, the company announced that it had collaborated with a London-based skateboard shop and clothing brand named PALACE Skateboards. They committed to manufacture classic sportswear apparel and footwear for a new and modern audience reimagining the oldest sporting traditions.

Hiker Socks and Yoga Socks Industry Report Scope

Attribute

Details

Forecast Period

2024-2033

Historical Data Available for

2017-2022

Market Analysis

US$ Mn for Value

Key Regions Covered

  • North America
  • Latin America
  • Europe
  • East Asia
  • South Asia
  • Oceania
  • MEA

Key Countries Covered

  • United States
  • Canada
  • Brazil
  • Mexico
  • Germany
  • U.K.
  • France
  • Spain
  • Italy
  • Russia
  • South Africa
  • Northern Africa
  • GCC Countries
  • China
  • Japan
  • South Korea
  • India
  • Thailand
  • Malaysia
  • Indonesia
  • Australia
  • New Zealand

Key Market Segments Covered

  • Product
  • Material
  • Size
  • Consumer Orientation
  • Cushion Level
  • Sales Channel
  • Region

Key Companies Profiled

  • ADIDAS Group
  • Nike, Inc.
  • PUMA SE
  • VF Corporation
  • Darn Tough
  • Farm to Feet
  • Patagonia, Inc.
  • Icebreaker
  • Wrightsock
  • Elicit Brands, LLC
  • Implus, LLC
  • Injinji, Inc.
  • ToeSox, Inc
  • Feetures
  • Others

Report Coverage

  • Market Forecast
  • Company Share Analysis
  • Competition Intelligence
  • DROT Analysis
  • Market Dynamics and Challenges
  • Strategic Growth Initiatives

Customization & Pricing

Available upon Request

Segmentation of Hiker Socks and Yoga Socks Industry Research

Product Type:

  • No-show Socks
  • Ankle Socks
  • Crew Socks
  • Knee-high Socks

Material:

  • Cotton
  • Polyester
  • Wool
  • Nylon
  • Spandex

Size:

  • Small
  • Medium
  • Large

Consumer Orientation:

  • Men
  • Women
  • Kids
  • Unisex

Cushion Level:

  • Ultralight
  • Light/Medium
  • Heavy

Sales Channel:

  • Supermarkets/Hypermarkets
  • Convenience Stores
  • Specialty Stores
  • Online Retailers
  • Wholesalers/Distributors
  • Other Sales Channels

Region:

  • North America
  • Latin America
  • Europe
  • East Asia
  • South Asia
  • Oceania
  • Middle East & Africa (MEA)

- Companies Covered in This Report -

  • ADIDAS Group
  • Nike, Inc.
  • PUMA SE
  • VF Corporation
  • Darn Tough
  • Farm to Feet
  • Patagonia, Inc.
  • Icebreaker
  • Wrightso
  • Elicit Brands, LLC
  • Implus, LLC
  • Injinji, Inc.
  • ToeSox, Inc
  • Feetures
  • Others

- Frequently Asked Questions -

The global hiker socks and yoga socks market was valued at US$ 978.0 million as of 2022.

Demand for hiker socks and yoga socks market is projected to increase at 6.4% CAGR and be valued at US$ 1,927.4 million by 2033 end.

ADIDAS Group, Nike, Inc., PUMA SE, VF Corporation, Darn Tough, Farm to Feet, Patagonia, Inc., Icebreaker, Wrightsock, Elicit Brands, LLC, Implus, LLC, Injinji, Inc., ToeSox, Inc., Feetures, Others are key market players.

The top three hiker socks and yoga socks market providers accounted for close to 25% market share in 2022.

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