Global Wool Market Growth, Share, Size, Trends and Forecast (2025 - 2031)

By Source;

Merino Wool, Peruvian Highland Wool, Teeswater Wool, Shetland Wool, Cashmere Wool, and Others.

By Type;

Fine Wool (? 25 µ), Medium Wool (25 to 35 ?), and Coarse Wool (? 35 µ).

By Application;

Apparels and Interior Textile.

By Geography;

North America, Europe, Asia Pacific, Middle East and Africa and Latin America - Report Timeline (2021 - 2031).
Report ID: Rn136536283 Published Date: January, 2025 Updated Date: February, 2025

Introduction

Global Wool Market (USD Million), 2021 - 2031

In the year 2024, the Global Wool Market was valued at USD 45,947.25 million. The size of this market is expected to increase to USD 58,854.25 million by the year 2031, while growing at a Compounded Annual Growth Rate (CAGR) of 3.6%.

The global wool market is a dynamic sector driven by a blend of traditional craftsmanship and modern innovation. Wool, a natural fiber renowned for its versatility, warmth, and sustainability, has been a staple in the textile industry for centuries. The market encompasses a range of products from raw wool to finished garments and textiles, catering to diverse applications in fashion, home decor, and industrial uses.

Recent trends have highlighted a growing emphasis on sustainability and eco-friendly practices, with consumers increasingly seeking wool products that align with environmental values. This shift is influencing producers to adopt more sustainable farming and processing methods, enhancing the market's appeal among environmentally conscious buyers.

Geographically, the global wool market is characterized by significant production in regions such as Australia, New Zealand, and China, which are major exporters of raw wool. Meanwhile, countries like Italy and the United Kingdom are prominent in the high-end woolen textile sector. The interplay of regional production strengths and global demand shapes the market dynamics, affecting pricing, supply chains, and innovation.

Innovation in wool processing and product development continues to drive market growth, with advancements in technology leading to the creation of new wool blends and applications. These developments are expanding the potential uses of wool, from performance sportswear to luxury fashion items, reinforcing its position as a versatile and valuable material in the global marketplace.

  1. Introduction
    1. Research Objectives and Assumptions
    2. Research Methodology
    3. Abbreviations
  2. Market Definition & Study Scope
  3. Executive Summary
    1. Market Snapshot, By Source
    2. Market Snapshot, By Type
    3. Market Snapshot, By Application
    4. Market Snapshot, By Region
  4. Global Wool Market Dynamics
    1. Drivers, Restraints and Opportunities
      1. Drivers
        1. Rising Demand

        2. High Quality

        3. Fashion Trends

        4. Wool Benefits

      2. Restraints
        1. Price Fluctuations

        2. Synthetic Competition

        3. Climate Impact

        4. Supply Chain Issues

      3. Opportunities
        1. Emerging Markets

        2. Product Innovation

        3. Eco-Friendly Initiatives

        4. Green Certifications

    2. PEST Analysis
      1. Political Analysis
      2. Economic Analysis
      3. Social Analysis
      4. Technological Analysis
    3. Porter's Analysis
      1. Bargaining Power of Suppliers
      2. Bargaining Power of Buyers
      3. Threat of Substitutes
      4. Threat of New Entrants
      5. Competitive Rivalry
  5. Market Segmentation
    1. Global Wool Market, By Source, 2021 - 2031 (USD Million)
      1. Merino Wool
      2. Peruvian Highland Wool
      3. Teeswater Wool
      4. Shetland Wool
      5. Cashmere Wool
      6. Others
    2. Global Wool Market, By Type, 2021 - 2031 (USD Million)
      1. Fine wool (? 25 µ)
      2. Medium wool (25 to 35 ?)
      3. Coarse wool (? 35 µ)
    3. Global Wool Market, By Application, 2021 - 2031 (USD Million)
      1. Apparels
      2. Interior Textile
    4. Global Wool Market, By Geography, 2021 - 2031 (USD Million)
      1. North America
        1. United States
        2. Canada
      2. Europe
        1. Germany
        2. United Kingdom
        3. France
        4. Italy
        5. Spain
        6. Nordic
        7. Benelux
        8. Rest of Europe
      3. Asia Pacific
        1. Japan
        2. China
        3. India
        4. Australia & New Zealand
        5. South Korea ASEAN (Association of South East Asian Countries)
        6. Rest of Asia Pacific
      4. Middle East & Africa
        1. GCC
        2. Israel
        3. South Africa
        4. Rest of Middle East & Africa
      5. Latin America
        1. Brazil
        2. Mexico
        3. Argentina
        4. Rest of Latin America
  6. Competitive Landscape
    1. Company Profiles
      1. Australian Wool Innovation (AWI)
      2. New Zealand Wool Services International Ltd
      3. The Woolmark Company
      4. Zegna Baruffa Lane Borgosesia S.p.A.
      5. C.M. S. Wool Ltd
      6. Lanitex
      7. Texwool
      8. A. M. W. Wool Company
      9. Krauss-Maffei Wegmann
      10. BKB (Burgess, Kates & Brown)
  7. Analyst Views
  8. Future Outlook of the Market