In 2023, the sold production of fur articles in Italy stood at 608.30 million euros. The forecast for 2024 to 2028 shows a steady year-on-year increase, with values rising from 613.73 million euros in 2024 to 635.18 million euros in 2028. The compounded annual growth rate (CAGR) from 2024 to 2028 is expected to be 0.8%, indicating a stable but modest growth in the sector.
Future trends to watch include:
- Innovation in sustainable and ethical fur alternatives influencing market preferences.
- Regulatory changes and their impact on production practices.
- Economic shifts that could affect consumer spending power and luxury item demand.
- Evolution of global fashion trends impacting fur's popularity.