The UK market for women's and girls' briefs and panties made of knitted or crocheted textiles saw fluctuating trends over the past decade. In 2023, the market stood at 217.67 million GBP, indicating a decline since its peak in previous years. Over the last two years, the market saw an average annual decrease, with 2022 and 2023 showing slight year-on-year contractions. The CAGR over the past five years shows an average annual market decline, reflecting changing consumer preferences and economic factors.
Future trends to watch for in this market include:
- Increased demand for sustainable and environmentally friendly materials, possibly reshaping product offerings.
- Growing influence of e-commerce, affecting traditional retail channels and product distribution.
- Potential recovery as consumer spending patterns stabilize post-pandemic.
- Innovation in design and comfort, appealing to a broader demographic base.