The underwear market in the UK has seen fluctuations over the past decade. Starting in 2012 with a value of £1.3271 billion, the market observed slight and steady growth up until 2015 with a peak value of £1.4581 billion. Thereafter, it experienced a drop, especially notable in 2018 and 2020, with values dropping to £1.2154 billion and £1.0486 billion, respectively. Despite some recovery in 2021 with a 19.7% increase, the overall market size remained volatile, standing at £1.2471 billion in 2022.

Recent years saw significant year-on-year variations, with the market shrinking by 0.64% in 2022 after a brief rise. The compound annual growth rate (CAGR) over the last five years was -2.5%, reflecting overall negative growth.

Future trends to watch for include:

Consumer preference shifts towards sustainable and eco-friendly materials.
Potential growth in online retail and direct-to-consumer brands.
Impact of economic factors such as inflation and consumer spending power on discretionary purchases like underwear.
Technological innovations in textile production and smart fabrics.