Rising Retail Sales Of Wool Clothing Is A Catalyst For The Expanding Wool Market: A Game-Changing Factor in the Wool Market’s Future Growth

At what pace is the wool market growing, and what is its estimated value?

The wool market size has grown strongly in recent years. It will grow from $10.71 billion in 2024 to $11.61 billion in 2025 at a compound annual growth rate (CAGR) of 8.4%.  The growth in the historic period can be attributed to textile industry demand, fashion trends and luxury apparel, warmth and insulation properties, tradition and cultural significance, natural and sustainable fiber trend.

The wool market size is expected to see strong growth in the next few years. It will grow to $16.3 billion in 2029 at a compound annual growth rate (CAGR) of 8.8%.  The growth in the forecast period can be attributed to rising awareness of sustainable fashion, innovation in wool blends, outdoor and activewear trends, global economic growth, cultural revival and heritage promotion. Major trends in the forecast period include emphasis on circular economy practices in the wool industry, focus on luxury and high-end wool products, incorporation of wool in sustainable home textiles, adoption of technology in wool farming, introduction of biodegradable and compostable wool products.

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Which major factors have contributed to the expansion of the wool market?

Growth in retail sales of clothes is expected to propel the growth of the wool market going forward. Cloth retail is the business of purchasing clothing from manufacturers and selling it to customers. Wool is a popular fabric used in the production of clothes. Customers purchasing wool clothing raises demand for the material, which might lead to an increase in wool production and sales. Furthermore, retail sales of wool clothes can increase awareness and visibility of wool as a material, hence increasing demand for more woolen items. Furthermore, growing urbanization has boosted demand for clothing retail sales. For instance, in January 2023, according to a statistical report published by the United States Census Bureau, a principal agency of the US Federal Statistical System, clothing and clothing accessory retail sales were $26.00 billion in June 2022, representing a 34.11% growth. Therefore, the growth in retail sales of clothes is driving the growth of the wool market.

How is the wool market segmented?
The wool market covered in this report is segmented –

1) By Type: Fine Wool (= 25 µ), Medium Wool (25 to 35 µ), Coarse Wool (= 35 µ)
2) By Source: Merino Wool, Peruvian Highland Wool, Teeswater Wool, Shetland Wool, Cashmere Wool, Other Sources
3) By Application: Apparels, Interior Textiles

Subsegments:
1) By Fine Wool (= 25 µ): Merino Wool, Superfine Wool, Cashmere
2) By Medium Wool (25 to 35 µ): Medium Merino Wool, Corriedale Wool, Dorset Wool
3) By Coarse Wool (= 35 µ): Crossbred Wool, Coarse Shetland Wool, Longwool Breeds

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Who are the top competitors in the wool market?

Major companies operating in the wool market include  Indorama Ventures Public Company Limited, Loro Piana S.P.A., Xinao Textiles Inc., Marzotto Group, Südwolle Group GmbH, Merinotex, National Spinning Co Inc., Pendleton Woolen Mills, Icebreaker, Carolina Mills Inc., Botto Giuseppe SpA, Abraham Moon & Sons Ltd., James Johnston & Company of Elgin Limited, Todd & Duncan Ltd., Kentwool Co, Schoeller GmbH & CoKG, Bower Roebuck & Co Ltd., Jiangsu Unitex Co Ltd., Harris Tweed Hebrides, Amtex Yarn Manufacturing Inc., Brown Sheep Company Inc., Europa Wools Ltd., Tahki Stacy Charles Inc., Zegna Baruffa Lane Borgosesia S.p.A., The Woolmark Company, Laxtons Limited, Blue Sky Fibers Inc., Fox Brothers & Co Ltd., Zhangjiagang Shepherd Inc., Mallalieus Ltd., Filatura Di Grignasco Spa, FRATELLI PIACENZA S.P.A.

Which key trends are expected to influence the wool market in the coming years?

Product innovations are a key trend gaining popularity in the wool market. Major companies operating in the wool market are focused on developing innovative solutions to strengthen their position in the market. For instance, in September 2024, Filippa K, a Sweden-based womenswear company, launched the first wool garments equipped with next-generation QR codes that provide traceability data from the sheep farm to the final product. This initiative is part of The Fiber Traceability Initiative, a collaboration involving Axfoundation, GS1 Sweden, and VirtualRouteZ, aimed at creating a sustainable and transparent wool value chain.

Which regional trends are influencing the wool market, and which area dominates the industry?

The countries covered in the wool market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA, Canada, Italy, Spain.

What Does The Wool Market Report 2025 Offer?

The wool market research report from The Business Research Company offers global market size, growth rate, regional shares, competitor analysis, detailed segments, trends, and opportunities.

Wool is the silky, wavy, or curly undercoat of various hairy mammals that is composed of a mesh of keratin fibers and coated with fine scales. It is obtained by shearing fleece (hair) from sheep and other animals. Wool is primarily used to make winter accessories, garments, and blankets.

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