Wool Market Size & Share Analysis - Growth Trends & Forecasts (2025 - 2030)

The Wool Market Report is Segmented by Geography (North America, Europe, Asia-Pacific, South America, and Middle East and Africa). The Report Includes Production Analysis (Volume), Consumption Analysis (Value and Volume), Export Analysis (Value and Volume), Import Analysis (Value and Volume), and Price Trend Analysis. The Report Offers the Market Size and Forecasts in Terms of Volume (metric Tons) and Value (USD) for all the Above Segments.

Wool Market Size & Share Analysis - Growth Trends & Forecasts (2025 - 2030)

Wool Market Size

Wool Market Summary
Study Period 2019 - 2030
Base Year For Estimation 2024
Market Size (2025) USD 40.22 Billion
Market Size (2030) USD 47.08 Billion
CAGR (2025 - 2030) 3.20 %
Fastest Growing Market Europe
Largest Market Asia-Pacific

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Wool Market Analysis

The Wool Market size is estimated at USD 40.22 billion in 2025, and is expected to reach USD 47.08 billion by 2030, at a CAGR of 3.2% during the forecast period (2025-2030).

Wool is an intricate natural fiber procured from the fleece of sheep. Wool sheep are classified as Ovis aries aries. Merino, Rambouillet, Blue-Faced Leicester, and Corriedale breeds are among the best-known wool sheep. There are projected to be more than 1,000 different breeds of sheep across the world. Wool is a versatile natural fiber and can be made into a wide range of woven or knitted fabrics. Depending on the length and fiber diameter (fineness) of fleece, it can be processed through either the woolen or worsted processing system. Worsted-spun knitted fabrics are super-soft, incredibly versatile knits for baby clothes, underwear, t-shirts and sportswear, leggings, dresses, and other lightweight knitwear.

With technological advancements in the wool manufacturing industry, there is a rapid development of spinning and weaving tools, which has led to increased sales of clothing across the world. For instance, in November 2022, Savio announced the launch of a new automatic winding machine, Proxima Smartconer, in the Indian market. Such innovations are projected to increase productivity. Over the long term, growth opportunities mainly lie with millennial consumers whose purchasing behavior, such as the preference for quality, authenticity, and transparency, is driving the wool market.

Various measures undertaken by the IWTO, a regulating authority for wool quality and traceability, are fetching higher prices for wool, thus encouraging production. According to the International Wool Textile Organization (IWTO), 50.0% of the weight of the wool is pure organic carbon. The factor driving the demand for wool is the increasing domestic consumption of luxury wool textiles in countries such as China, the United States, and Europe. Moreover, the biodegradable quality of wool is also supporting the market. Wool is a natural decomposer since it is biodegradable and provides less harm to the environment. In addition, wool has thermal insulation properties, making it suitable for consumers.

Wool Market News

  • June 2023: Lion Brand Yarn acquired Quince & Co., a Maine-based premium hand-knitting yarn company in the United States focused on creating yarns with products for farmed natural and renewable fibers.
  • August 2022: The Ministry of Textiles approved the Pashmina Wool Development Scheme under the Integrated Wool Development Programme (IWDP) with a budget allocation of INR 29.25 crore (USD 3.5 million) for implementation during FY from 2021-22 to 2025-26 for the procurement and marketing of Pashmina wool in Jammu and Kashmir and Ladakh.

Wool Market Report - Table of Contents

1. INTRODUCTION

  • 1.1 Study Assumptions and Market Definition
  • 1.2 Scope of the Study

2. RESEARCH METHODOLOGY

3. EXECUTIVE SUMMARY

4. MARKET DYNAMICS

  • 4.1 Market Overview
  • 4.2 Market Drivers
  • 4.3 Market Restraints
  • 4.4 Value Chain Analysis

5. MARKET SEGMENTATION

  • 5.1 Geography (Production Analysis, Consumption Analysis by Value and Volume, Import Analysis by Value and Volume, Export Analysis by Value and Volume, and Price Trend Analysis)
    • 5.1.1 North America
    • 5.1.1.1 United States
    • 5.1.1.2 Mexico
    • 5.1.2 Europe
    • 5.1.2.1 Germany
    • 5.1.2.2 Belgium
    • 5.1.2.3 United Kingdom
    • 5.1.2.4 Italy
    • 5.1.2.5 Netherlands
    • 5.1.2.6 Turkey
    • 5.1.3 Asia-Pacific
    • 5.1.3.1 China
    • 5.1.3.2 India
    • 5.1.3.3 Japan
    • 5.1.3.4 Australia
    • 5.1.3.5 New Zealand
    • 5.1.4 South America
    • 5.1.4.1 Brazil
    • 5.1.4.2 Argentina
    • 5.1.5 Middle East and Africa
    • 5.1.5.1 UAE
    • 5.1.5.2 Saudi Arabia
    • 5.1.5.3 Oman
    • 5.1.5.4 Morocco

6. MARKET OPPORTUNITIES AND FUTURE TRENDS

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Wool Industry Segmentation

Wool is the textile fiber from sheep and other mammals, especially goats, rabbits, and camelids. The wool market is segmented by geography into North America, Europe, Asia-Pacific, South America, and Middle East and Africa. The report includes production analysis (volume), consumption analysis (value and volume), export analysis (value and volume), import analysis (value and volume), and price trend analysis. The report offers the market size and forecasts regarding volume (metric tons) and value (USD) for all the above segments.

Geography (Production Analysis, Consumption Analysis by Value and Volume, Import Analysis by Value and Volume, Export Analysis by Value and Volume, and Price Trend Analysis) North America United States
Mexico
Europe Germany
Belgium
United Kingdom
Italy
Netherlands
Turkey
Asia-Pacific China
India
Japan
Australia
New Zealand
South America Brazil
Argentina
Middle East and Africa UAE
Saudi Arabia
Oman
Morocco
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Wool Market Research FAQs

How big is the Wool Market?

The Wool Market size is expected to reach USD 40.22 billion in 2025 and grow at a CAGR of 3.20% to reach USD 47.08 billion by 2030.

What is the current Wool Market size?

In 2025, the Wool Market size is expected to reach USD 40.22 billion.

Which is the fastest growing region in Wool Market?

Europe is estimated to grow at the highest CAGR over the forecast period (2025-2030).

Which region has the biggest share in Wool Market?

In 2025, the Asia-Pacific accounts for the largest market share in Wool Market.

What years does this Wool Market cover, and what was the market size in 2024?

In 2024, the Wool Market size was estimated at USD 38.93 billion. The report covers the Wool Market historical market size for years: 2019, 2020, 2021, 2022, 2023 and 2024. The report also forecasts the Wool Market size for years: 2025, 2026, 2027, 2028, 2029 and 2030.

Wool Industry Report

The Wool Market Report is segmented by geography, including North America, Europe, Asia-Pacific, South America, and the Middle East and Africa. The report includes production analysis, consumption analysis, export analysis, import analysis, and price trend analysis. It offers the market size and forecasts in terms of volume and value for all the above segments. The woolen industry is on a significant growth path, with advancements in wool production techniques and a shift towards sustainable and ethical practices. Driven by millennial consumers' demand for quality, authenticity, and eco-friendliness, the global market for wool is expected to see continued expansion.

The production of wool is receiving a boost from regulatory bodies enforcing quality and traceability measures, alongside a growing sheep population to meet worldwide demand. The Asia-Pacific region, particularly Australia, China, and New Zealand, is leading in wool production and export, highlighting a global trend towards eco-friendly and comfortable woolen products. Online retail channels are gaining importance, indicating shifts in consumer purchasing behaviors.

The wool market report provides a comprehensive market overview, offering insights into market trends and market growth. It includes market reports and market data that highlight the market segmentation and market value. The report gives a detailed industry overview, including industry size, industry statistics, and industry trends. Industry research and industry reports are essential for understanding the market outlook and market forecast. The report also includes industry analysis, industry information, and industry outlook to help stakeholders make informed decisions.

Market leaders are identified through market review and market predictions, providing a clear picture of market dynamics. The report example and report pdf offer a concise summary of key findings. Research companies can leverage this report to understand the industry sales and the growth rate of the wool market. The report emphasizes the importance of sustainable practices and the role of regulatory bodies in shaping the future of the wool industry.

Wool Market Report Snapshots