From 2013 to 2023, the UK's market for men's or boys' dressing gowns and bathrobes made of knitted or crocheted textiles demonstrated a steady upward trend in value per capita, culminating at 0.79 Euros in 2023. Notably, the market saw intermittent growth annual growth rates but faced a dip in 2020 likely due to pandemic effects. The last two years, 2022 and 2023, recorded year-on-year increases of approximately 3.9% and 2.6% respectively. Over the past five years, the market achieved a compound annual growth rate (CAGR) of 3.48%.
Future trends to watch for:
- Consumer preferences leaning towards sustainable and ethically sourced textiles.
- Innovations in fabric technology enhancing comfort and durability.
- E-commerce growth influencing distribution and accessibility.
- The potential impact of economic conditions on discretionary spending.