Wool Market

By Wool Type;

Sheep’s Wool, Merino Wool, Mohair Wool, Angora Wool, Cashmere Wool, Alpaca Wool and Others

By Form;

Woven, Non-Woven and Others

By End User;

Retail & Consumer Goods, Commercial & Institutional Buyers and Industrial Buyers

By Geography;

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

Wool Market Overview

Wool Market (USD Million)

Wool Market was valued at USD 45,947.25 million in the year 2024. 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%.


Wool Market

*Market size in USD million

CAGR 3.6 %


Study Period2025 - 2031
Base Year2024
CAGR (%)3.6 %
Market Size (2024)USD 45,947.25 Million
Market Size (2031)USD 58,854.25 Million
Market ConcentrationHigh
Report Pages332
45,947.25
2024
58,854.25
2031

Major Players

  • Australian Wool Innovation (AWI)
  • New Zealand Wool Services International Ltd
  • The Woolmark Company
  • Zegna Baruffa Lane Borgosesia S.p.A.
  • C.M. S. Wool Ltd
  • Lanitex
  • Texwool
  • A. M. W. Wool Company
  • Krauss-Maffei Wegmann
  • BKB (Burgess, Kates & Brown)

Market Concentration

Consolidated - Market dominated by 1 - 5 major players

Wool Market

Fragmented - Highly competitive market without dominant players


The Wool Market is expanding as demand for natural, versatile, and sustainable fibers continues to rise. Adoption has grown by more than 41%, reflecting wool’s increasing role in textiles, apparel, and lifestyle products where durability and comfort are key priorities.

Innovation Enhancing Quality
Advances in spinning techniques and blended yarns are improving wool’s softness, durability, and efficiency in production. Close to 46% of new textile lines now feature wool blends, making the fiber more appealing for modern applications.

Growing Applications Across Sectors
Wool is increasingly used in furniture, home décor, and technical products in addition to apparel. Around 52% of design-oriented businesses report expanded use of wool to cater to consumer demand for both functionality and style.

Positive Outlook for Expansion
Looking ahead, the Wool Market shows strong potential as sustainability trends gain momentum. With nearly 60% of companies planning greater investment in wool products, the fiber is positioned to play a pivotal role in shaping the future of fashion and lifestyle industries.

  1. Introduction
    1. Research Objectives and Assumptions
    2. Research Methodology
    3. Abbreviations
  2. Market Definition & Study Scope
  3. Executive Summary
    1. Market Snapshot, By Wool Type
    2. Market Snapshot, By Form
    3. Market Snapshot, By End User
    4. Market Snapshot, By Region
  4. 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. Wool Market, By Wool Type, 2021 - 2031 (USD Million)
      1. Sheep’s Wool
      2. Merino Wool
      3. Mohair Wool
      4. Angora Wool
      5. Cashmere Wool
      6. Alpaca Wool
      7. Others
    2. Wool Market, By Form, 2021 - 2031 (USD Million)
      1. Woven
      2. Non-Woven
      3. Others
    3. Wool Market, By End User, 2021 - 2031 (USD Million)
      1. Retail & Consumer Goods
      2. Commercial & Institutional Buyers
      3. Industrial Buyers
    4. 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
        6. ASEAN (Association of South East Asian Countries)
        7. 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. Südwolle Group
      2. Indorama Ventures Public Company Limited
      3. Xinao Textiles Inc.
      4. Europa Wools Ltd.
      5. Yünsa A.S.
      6. Laxtons Limited
      7. Brown Sheep Company, Inc.
      8. Merinotex
      9. Pendleton Woolen Mills
      10. The Woolmark Company
      11. Loro Piana S.p.A.
      12. Johnstons of Elgin
      13. Reda
      14. Marzotto Group
      15. Botto Giuseppe S.p.A.
  7. Analyst Views
  8. Future Outlook of the Market