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Market Share of Unisex Hiker Socks and Yoga Socks to Close in on 40% by 2030: Persistence Market Research Analysis
As per Persistence Market Research analysis, the global hiker socks and yoga socks market is projected to expand at an impressive CAGR of more than 6% over the next ten years (2020 to 2030), where the sales of unisex socks will top the pecking order.
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says a Persistence Market Research analyst.
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Today, well-established retailers such as Amazon, Walmart, etc., are aggressively expanding their business presence through private labels. For instance, Amazon provides hiker socks and yoga socks under its Amazon Essentials retail brand. Thus, rapid emergence of such brands in the market is expected to impact the existing competition level.
From a consumption perspective, consumers perceive such offerings as cheaper versions of the original product. Few consumers also perceive these products as best alternatives to well-established brands. Prevalence of such consumer perceptions are further expected to positively impact the growth of private labels in this space.
The report underlines groundbreaking insights into the competitive scenario of the hiker socks and yoga socks market, along with the highlights of differential strategies used by manufacturers. Few of the prominent manufacturers operating in the market include ADIDAS Group, Nike, Inc., Puma SE, VF Corporation, Darn Tough, Farm to Feet, Patagonia, Inc., Iceabreaker, Wrightsock, Elicit Brands, LLC., Implus, LLC., Injinji, Inc.,ToeSox, Inc., Feetures, etc.
Persistence Market Research released a new market research on the hiker socks and yoga socks market, covering global industry analysis of 2015-2019 and forecasts for 2020–2030. The market study reveals compelling insights on the basis of product (no-show socks, ankle socks, crew socks, and knee-high socks), material (cotton, polyester, wool, nylon, spandex, and others), size (small, medium, and large), consumer orientation (men, women, kids, and unisex), cushion level (ultralight, light/medium, and heavy), and sales channel (supermarket/hypermarkets, convenience stores, specialty stores, online retailers, wholesalers/distributors, and other sales channels), across seven major regions of the world.
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Consumer Goods
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