In 2023, the UK knitted or crocheted hosiery and footwear market size was observed to be slightly below 594 million Euros. Over the forecast period from 2024 to 2028, the market is expected to grow at a steady pace, reaching 610.39 million Euros in 2028. This equates to a year-on-year growth rate of approximately 0.7% to 0.8% annually. The Compound Annual Growth Rate (CAGR) over these five years is expected to be modest, indicating a stable market without significant fluctuations.
Future trends to watch for in the UK market include:
- Increasing consumer preference for sustainable and eco-friendly materials.
- Growth in e-commerce sales channels for hosiery and footwear.
- Innovation in fabric technology for enhanced comfort and performance.
