The UK market for men's or boys' underpants and briefs made of knitted or crocheted textiles stood at 140.11 million in 2023. The market experienced fluctuating trends with peaks in 2015 and 2017, followed by a decline through 2020. Recovery began in 2021 and modest growth continued through 2023. Year-on-year growth in 2023 was 0.58%, while the CAGR over the last five years was -0.46% indicating a slight downward trend overall.
Future trends to watch for:
- Increased demand for sustainable and eco-friendly products.
- The potential impact of economic factors post-Brexit on consumer spending.
- Continuous growth in online retail channels.
- Influence of athleisure trends on underwear preferences.
