Hosiery Market Size In US is set to grow by USD 2.99 billion from 2023-2027,

NEW YORK, July 18, 2024 /PRNewswire/ — The hosiery market size in US is estimated to grow by USD 2.99 billion from 2023-2027, according to Technavio. The market is estimated to grow at a CAGR of 3.95% during the forecast period. High demand for designer products and soft products is driving market growth, with a trend towards increasing demand of socks in healthcare industry. However, changes in trade policies  poses a challenge. Key market players include Acme McCrary Corp., Atlantic Hosiery, Brown Dog Hosiery, Carolina Hosiery Inc. , Crescent Sock Co., For Bare Feet LLC, Gildan Activewear SRL, Mayo Knitting Mill Inc., Nester Hosiery, Renfro Corp., Scottish Kilt, SHM Socks, Spanx LLC, Tamara Hosiery Co., Twin City Knitting Co., VIDA Enterprise Corp., and Wells Hosiery and Apparel USA.

Get a detailed analysis on regions, market segments, customer landscape, and companies- View the snapshot of this report

Market Driver

The hosiery market in the US is experiencing growth due to the rising prevalence of chronic conditions such as diabetes and arthritis. These health issues necessitate the use of supportive accessories like socks to maintain foot health. Diabetic socks, specifically, are in high demand due to their ability to keep feet dry, prevent injuries, and enhance blood circulation. One notable example is the Silipos Arthritis/Diabetic gel socks, which utilize gel padding to protect against callus formation and ulcerations. Made from natural rubber latex, 80% acrylic, 19% nylon, and 1% spandex, these socks retail for USD21.75. This product from Silipos, a leading vendor in the gel socks segment, is anticipated to fuel market expansion throughout the forecast period. 

The hosiery market encompasses various leg and foot garments like stockings, pantyhose, tights, socks, leggings, and garter belts. Nylon and Spandex are popular fabrics due to their elasticity and comfort. Trends include body stockings, knee highs, thigh highs, and one piece garments. Both men and women segments have impetus for hosiery, with millennials and the working population driving spending power. Hosiery serves fashion purposes and is a wardrobe essential for aesthetic appearance and grooming. Specialty stores and online retailers offer a wide range of colors and styles, including non-compression options. Fabrics like cotton and organic commodities cater to consumer preferences. Hypermarkets and shopping malls also house hosiery sections. Overall, hosiery continues to be an important category for fashion and lifestyle. 

Discover 360° analysis of this market. For complete information, schedule your consultation – Book Here!

Market Challenges

• The hosiery market, including socks, is experiencing challenges due to changing trade policies and tariffs in prominent markets. These shifts, brought about by new ruling and political parties, are negatively impacting vendors’ financial conditions and results of operations. Many established hosiery vendors in the US have headquarters in China, a significant contributor to the market’s growth. However, regulations and trade policies in China may adversely affect these vendors during the forecast period. Moreover, the COVID-19 pandemic outbreak in China further complicated the situation. International vendors have production plants in developing countries like China to reduce costs. Alterations in import tariffs in major markets, such as the US, could lead to relocating production units from developing to developed countries, resulting in increased production costs for vendors. Overall, these factors may hinder the growth of the hosiery market during the forecast period.
• The hosiery market faces several challenges in the areas of aesthetic appearance and comfort for both men and women. Body stockings,…