According to a new report, published by KBV research, The Global Multiple Toe Socks Market size is expected to reach $3 billion by 2031, rising at a market growth of 5.9% CAGR during the forecast period. In the year 2023, the market attained a volume of 1,62,924.8 thousand units (pair) experiencing a growth of 16.7% (2020-2023).
The Nylon segment is generating the highest revenue in the Global Multiple Toe Socks Market by Material Type in 2023; thereby, achieving a market value of $1.2 billion by 2031. Nylon is renowned for its exceptional strength and durability, making it an excellent choice for socks intended for active wear. Multiple toe socks made from nylon are highly resilient and resistant to wear and tear, ensuring longevity and performance.
The Mid-Calf segment is registering a CAGR of 5.3 % during the forecast period. Mid-calf multiple toe socks add a unique and stylish element to outfits, allowing wearers to showcase their individuality and personality. They come in various colors, patterns, and designs, making them a fashion-forward accessory for those looking to make a statement with their footwear.
The Supermarket & Hypermarket segment led the Global Multiple Toe Socks Market by Distribution Channel in 2023; thereby, achieving a market value of $1 billion by 2031. Supermarkets & hypermarkets attract many shoppers daily, providing multiple toe sock brands with valuable visibility and exposure to a wide audience. Placing multiple toe socks in prominent display areas within these retail outlets increases the likelihood of impulse purchases and encourages consumers to discover and try out the product.
The Unisex segment is growing at a CAGR of 5.4 % during the forecast period. Unisex multiple toe socks are designed to fit a wide range of foot sizes and shapes, making them accessible to individuals of all genders. This inclusivity promotes a sense of belonging and ensures everyone can enjoy multiple toe socks' comfort, performance, and style benefits. Unisex multiple toe socks are practical and convenient options for households with multiple members of different genders.
Full Report: https://www.kbvresearch.com/multiple-toe-socks-market/
The North America region dominated the Global Multiple Toe Socks Market by Region in 2023, and would continue to be a dominant market till 2031; thereby, achieving a market value of $1 Billion by 2031. The Europe region is anticipated to grow at a CAGR of 5.5% during (2024 - 2031). Additionally, The Asia Pacific region would witness a CAGR of 6.6% during (2024 - 2031).
By Material Type (Volume, Thousand Units (pair), USD Billion, 2020-31)
By Product Type (Volume, Thousand Units (pair), USD Billion, 2020-31)
By Distribution Channel (Volume, Thousand Units (pair), USD Billion, 2020-31)
By End-user (Volume, Thousand Units (pair), USD Billion, 2020-31)
By Geography (Volume, Thousand Units (pair), USD Billion, 2020-31)
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