The global merino wool market is experiencing robust growth, driven by increasing demand for sustainable and high-quality natural fibers. The market size in 2025 is estimated at $2.5 billion, exhibiting a Compound Annual Growth Rate (CAGR) of 5% from 2025 to 2033. This growth is fueled by several key factors. The rising popularity of sustainable and eco-friendly fashion is a major driver, with consumers increasingly seeking ethically sourced and biodegradable alternatives to synthetic materials. The unique properties of merino wool, such as its softness, breathability, and temperature-regulating capabilities, also contribute to its appeal across various applications, including apparel, home textiles, and even specialized technical fabrics. Furthermore, technological advancements in wool processing and finishing are enhancing the performance and versatility of merino wool, opening up new avenues for innovation and product diversification. While challenges such as fluctuating raw material prices and competition from synthetic fibers exist, the overall market outlook remains positive, with significant growth potential in emerging markets and expanding applications. The market segmentation reveals a strong preference for worsted merino wool in apparel applications, particularly in high-end garments and sportswear. Growth in the home textile segment is also notable, driven by demand for luxurious and comfortable bedding, blankets, and other household items made from merino wool. Geographically, North America and Europe remain significant markets, but Asia-Pacific, particularly China and India, is exhibiting the fastest growth due to rising disposable incomes and increasing awareness of sustainable fashion trends. Key players in the market, including MerinoTex, Jiangsu Unitex, and Shanghai Solarwool, are actively investing in research and development to improve product quality, expand their product portfolio, and enhance their supply chains. The long-term forecast indicates a continued upward trajectory for the merino wool market, supported by favorable consumer trends, technological innovation, and the inherent advantages of this premium natural fiber. This in-depth report provides a comprehensive analysis of the global merino wool market, valued at approximately $2 billion in 2023. We delve into production trends, market segmentation, key players, and future growth projections, offering valuable insights for businesses operating within this dynamic sector. This report utilizes data and estimates from reputable industry sources to offer a nuanced understanding of the merino wool landscape.

Wool traded flat at 1,212 AUD/100Kg on July 11, 2025. Over the past month, Wool's price has risen 1.08%, and is up 9.49% compared to the same time last year, according to trading on a contract for difference (CFD) that tracks the benchmark market for this commodity. Wool - values, historical data, forecasts and news - updated on July of 2025.

In the financial year 2024, the price index of wool in Australia was estimated to be ****. The source predicted that the price index of wool in the fiscal year 2025 would decrease to **** points.

Wool Price in the United States - 2023. Find the latest marketing data on the IndexBox platform.

Snapshot img

Wool Market Size 2025-2029

The wool market size is forecast to increase by USD 14.9 billion at a CAGR of 6.4% between 2024 and 2029.

The market is experiencing significant growth, driven by increasing exports from emerging economies, particularly China and India. These countries have become major players in the production and export of wool, contributing to the market's expansion. However, this trend also presents challenges, as limited access to raw materials in some regions may lead to price volatility and supply chain disruptions. Wool producers are focusing on improving sheep rearing practices and exploring new applications for wool, such as keratin fibers, to remain competitive. Consumers, particularly millennials, are increasingly drawn to the natural, biodegradable properties of wool, which offer superior insulation and durability.
This trend is particularly strong in the apparel industry, where wool is increasingly being used in the production of high-performance clothing for outdoor activities and everyday wear. Despite these opportunities, companies operating in the market face significant challenges. Limited access to raw materials, particularly in some regions, can make it difficult to maintain consistent supply and meet demand. Additionally, the market is highly competitive, with a large number of players vying for market share. To succeed in this environment, companies must focus on innovation, sustainability, and operational efficiency, while also building strong relationships with suppliers and customers. By staying agile and responsive to changing market dynamics, they can capitalize on emerging opportunities and navigate challenges effectively.

What will be the Size of the Wool Market during the forecast period?

Request Free Sample

The market encompasses a diverse range of natural fibers, including Merino, crossbred, specialty wools from Teeswater, Shetland, Peruvian, and Cashmere breeds, among others. This market exhibits significant activity, driven by the cultural significance of wool as a sustainable fiber and its versatility in various applications. Woolen yarns and clothes, as well as accessories, continue to be popular choices for consumers, particularly millennials drawn to fiber's quality and natural origins. Wool's unique properties, such as its biodegradability, insulation capabilities, and resistance to wrinkles, make it a sought-after alternative to synthetic fibers. Wool farming practices, which include rearing sheep and processing keratin fibers, have evolved to meet modern sustainability standards.
Wool is also used extensively in industries like upholstery, insulation, and carpets, and holds a rich history in literature, art, and fashion. Certifications, spinning tools, and wool types catering to various industries and consumer preferences further fuel the market's growth. Wool's versatility and appeal are reflected in its use in clothing sales, advertising, and television, as well as in crafts and woolen accessories. With ongoing advancements in wool production and processing technologies, this market is expected to remain a dynamic and essential sector in the textile industry.

How is this Wool Industry segmented?

The wool industry research report provides comprehensive data (region-wise segment analysis), with forecasts and estimates in 'USD billion' for the period 2025-2029, as well as historical data from 2019-2023 for the following segments.

Application

  Apparels
  Interior textiles


Source

  Merino wool
  Teeswater wool
  Cashmere wool
  Others


Type

  Fine wool
  Medium wool
  Coarse wool


Form Factor

  Scoured wool
  Raw wool
  Washed wool
  Carbonized wool


Geography

  APAC

    Australia
    China
    India
    Japan
    South Korea


  Europe

    Germany
    UK


  North America

    US
    Canada


  South America

    Brazil


  Middle East and Africa

By Application Insights

The apparels segment is estimated to witness significant growth during the forecast period. The market holds a prominent role in the textile industry, serving various sectors including fashion, home furnishings, and sports apparel. Wool, derived from the Ovis genus, is a highly valued natural fiber due to its inherent properties of durability, breathability, and thermal insulation. Merino wool, a fine and soft variety, is popular for its superior comfort and flexibility. Crossbred wool, a blend of Merino and other breeds, offers enhanced strength and resistance to pilling. Synthetic alternatives have emerged, but wool's sustainable, biodegradable, and compostable qualities continue to attract consumers. Wool producers in Australia, New Zealand, and Peru are significant contributors to the global supply.

Worsted processing enhances the wool's texture and appearance, while weaving tools like the Proxima Smartconer improve production efficiency. Wool's benefits e

The global merino wool industry reached a production volume of about 304.00 KMT in 2024. The market is projected to grow at a CAGR of 0.40% between 2025 and 2034, reaching a volume of 316.38 KMT by 2034.

India Textile: Price: Merino Wool: Imported data was reported at 1,253.580 INR/kg in Sep 2018. This records a decrease from the previous number of 1,262.130 INR/kg for Aug 2018. India Textile: Price: Merino Wool: Imported data is updated monthly, averaging 659.645 INR/kg from Jan 2006 (Median) to Sep 2018, with 146 observations. The data reached an all-time high of 1,262.130 INR/kg in Aug 2018 and a record low of 236.150 INR/kg in Feb 2006. India Textile: Price: Merino Wool: Imported data remains active status in CEIC and is reported by Ministry of Textile. The data is categorized under India Premium Database’s Textile Sector – Table IN.RSF001: Textile: Price: Textile Items.

Global wool sales are estimated at US$ 35.25 billion in 2024. The market is projected to register 3.1% CAGR and reach a valuation of US$ 47.83 billion by the end of 2034.

Report Attributes	Details
Wool Market Size (2024E)	US$ 35.25 Billion
Forecasted Market Value (2034F)	US$ 47.83 Billion
Global Market Growth Rate (2024 to 2034)	3.1% CAGR
Canada Market Growth Rate (2024 to 2034)	3.6% CAGR
China Market Value (2034F)	US$ 10.52 Billion
North America Market Share (2024E)	28.6%
East Asia Market Share (2034F)	38.4%
Key Companies Profiled	Laxtons Limited; Suedwolle Group Italia; Indorama Ventures Public Company Limited; Suripi Textiles Pvt. Ltd.; Sharman Woolen Mills Ltd; Jainson Hosiery Industries; Shanghai Kunlei Wool Textile Co.; Rockwool International; Johns Manville; Owens Corning; Saint-Gobain; Paroc Group Oy

Country-wise Insights

Attribute	United States
Market Value (2024E)	US$ 7.23 Billion
Growth Rate (2024 to 2034)	3.5% CAGR
Projected Value (2034F)	US$ 10.23 Billion

Attribute	China
Market Value (2024E)	US$ 7.32 Billion
Growth Rate (2024 to 2034)	3.7% CAGR
Projected Value (2034F)	US$ 10.52 Billion

Category-wise Evaluation

Attribute	Apparel
Segment Value (2024E)	US$ 13.15 Billion
Growth Rate (2024 to 2034)	3.5% CAGR
Projected Value (2034F)	US$ 18.56 Billion

The global merino wool clothing market is experiencing robust growth, driven by increasing consumer preference for sustainable and ethically sourced apparel. The market, valued at approximately $2.5 billion in 2025, is projected to exhibit a Compound Annual Growth Rate (CAGR) of 6% from 2025 to 2033. This growth is fueled by several key factors, including the inherent properties of merino wool – its softness, breathability, temperature regulation, and moisture-wicking capabilities – making it ideal for a range of clothing applications, from sportswear and outerwear to everyday wear. The rising awareness of the environmental benefits of merino wool, compared to synthetic materials, further strengthens its market appeal. Growing demand for premium and luxury clothing items, coupled with the increasing adoption of eco-conscious consumption habits, significantly contributes to this market expansion. This growth, however, is not without challenges. Fluctuations in wool prices, impacting production costs, and potential competition from synthetic alternatives represent key restraints. Nevertheless, the market segmentation, encompassing various clothing types (e.g., sweaters, jackets, base layers), styles, and price points, provides opportunities for diverse players to cater to specific niches. Key players like Icebreaker, Merino Country, and The Woolmark Company, alongside several smaller brands, are actively involved in product innovation and marketing strategies to tap into this expanding market. Regional variations in demand exist, with developed economies in North America and Europe currently leading, but emerging markets present significant growth potential in the coming years. The focus on traceability and transparency within the merino wool supply chain is becoming increasingly important, affecting consumer purchasing decisions and presenting both challenges and opportunities for industry participants.

8842 Global export shipment records of Merino Wool Yarn with prices, volume & current Buyer's suppliers relationships based on actual Global export trade database.

Wool wholesalers' revenue is heavily influenced by the domestic price of wool, wool production levels and demand from international markets. Over the past few years, domestic wool prices have climbed, creating opportunities for wholesalers to raise revenue. Yet, a drop in domestic wool production has hindered these opportunities by limiting wholesalers' ability to achieve the necessary economies of scale. The pandemic significantly contributed to fluctuations in wool wholesalers' revenue. Stringent manufacturing restrictions in countries like China, which is a primary export market for New Zealand wool, severely hampered wholesalers' sales to overseas apparel manufacturers. These markets have since recovered, aiding industry expansion. Over the five years to 2024-25, wool wholesalers' revenue is projected to drop by an annualised 4.9% to $703.9 million, despite an anticipated 3.7% hike in the current year thanks to heightened domestic wool prices. The quantity and quality of wool managed by wholesalers heavily depend on sheep farmers, who frequently adjust their wool and sheep meat output in response to shifts in relative prices. As sheep farming has become less profitable compared to other forms of livestock farming, there has been a decline in both sheep farming and wool production. Many farmers are switching to dairy cattle farming, attracted by higher returns. The decreased supply of wool has forced wholesalers to consolidate their operations to remain viable. Sheep farmers will increasingly concentrate on producing lower-micron wools, like merino wool, driven by growing demand for premium wool from various markets, including garment and textile manufacturing. The elevated price of high-quality wool is set to boost wholesalers' revenue growth, supported by an overall increase in domestic wool prices. Nonetheless, the industry will remain vulnerable to fluctuations stemming from the significant portion of wool allocated for export markets and the inherent volatility of international wool markets. Revenue is forecast to climb at an annualised 0.4% through the end of 2029-30, to $718.6 million.

The global Merino wool socks market, valued at $419 million in 2025, is projected to experience robust growth, driven by a Compound Annual Growth Rate (CAGR) of 5.7% from 2025 to 2033. This expansion is fueled by several key factors. The increasing popularity of outdoor activities like hiking, trekking, and running, coupled with a growing awareness of the superior comfort, moisture-wicking, and temperature-regulating properties of merino wool, significantly boosts demand. Consumers are increasingly prioritizing high-quality, durable apparel, leading to a preference for premium materials like merino wool over synthetic alternatives. The market segmentation reveals a strong presence of both online and offline sales channels, catering to diverse consumer preferences. Full-cushion socks command a larger market share compared to zone-cushion options, reflecting consumer demand for enhanced comfort and protection during prolonged activities. The presence of established brands like Darn Tough, Smartwool, and Injinji, alongside emerging players, indicates a competitive yet dynamic landscape. Geographic expansion is likely to be driven by increasing disposable incomes and changing lifestyle preferences in regions like Asia-Pacific and South America. The market's growth trajectory is influenced by several trends. The rising adoption of e-commerce platforms is expanding market access and driving online sales. The increasing demand for sustainable and ethically sourced products is also creating opportunities for brands emphasizing responsible manufacturing practices. However, the market faces certain restraints. The relatively high price point of merino wool socks compared to synthetic alternatives might limit accessibility for some consumers. Fluctuations in raw material prices and potential supply chain disruptions could impact profitability and market stability. To overcome these challenges, brands are focusing on innovation, introducing new product variations, and exploring strategic partnerships to expand distribution and reach a wider customer base. This includes collaborations with outdoor apparel brands and retailers specializing in adventure gear. Overall, the Merino wool socks market is poised for continued expansion, driven by a combination of consumer preference shifts, technological advancements, and responsible sourcing initiatives.

462 Global import shipment records of Merino Wool with prices, volume & current Buyer's suppliers relationships based on actual Global export trade database.

15955 Global export shipment records of Merino Wool with prices, volume & current Buyer's suppliers relationships based on actual Global export trade database.

According to Cognitive Market Research, the global Wool Worsted Yarn Market size will be USD 2861.5 million in 2024. It will expand at a compound annual growth rate (CAGR) of 6.60% from 2024 to 2031.

North America held the major market share for more than 40% of the global revenue with a market size of USD 1144.60 million in 2024 and will grow at a compound annual growth rate (CAGR) of 4.8% from 2024 to 2031.
Europe accounted for a market share of over 30% of the global revenue with a market size of USD 858.45 million.
Asia Pacific held a market share of around 23% of the global revenue with a market size of USD 658.15 million in 2024 and will grow at a compound annual growth rate (CAGR) of 8.6% from 2024 to 2031.
Latin America had a market share of more than 5% of the global revenue with a market size of USD 143.08 million in 2024 and will grow at a compound annual growth rate (CAGR) of 6.0% from 2024 to 2031.
Middle East and Africa had a market share of around 2% of the global revenue and was estimated at a market size of USD 57.23 million in 2024 and will grow at a compound annual growth rate (CAGR) of 6.3% from 2024 to 2031.
The Cashmere wool category is the fastest growing segment of the Wool Worsted Yarn industry

Market Dynamics of Wool Worsted Yarn Market

Key Drivers for Wool Worsted Yarn Market

Development of Natural and Sustainable Fibres to Boost Market Growth

An important factor propelling the market for wool worsted yarn is the increasing trend toward natural and sustainable fibres. Eco-friendly and biodegradable textile products are becoming more and more in demand as customers grow more ecologically concerned. Wool fits these tastes and is preferred for its sustainability because it is a natural, renewable fabric. Because it is biodegradable, uses less energy to process, and has inherent qualities like moisture-wicking and temperature regulation, wool is a desirable alternative for both manufacturers and consumers. Wool is also becoming a more sustainable option for high-quality products in the fashion sector as a result of growing awareness of the negative environmental effects of synthetic fibres. Natural and eco-friendly fibres are becoming more and more popular among consumers and businesses. The market demand for woven yarn, which is usually made from wool, is increased by its alignment with these sustainable trends, especially as companies strive for more environmentally friendly production practices.

Expansion of the fashion industry to Drive Market Growth

The market for wool worsted yarn is growing as a result of the fashion industry's expansion. Because of its smooth texture, durability, and elegant finish, wool worsted yarn is becoming a popular choice for high-end clothing as customer demand for sumptuous, sustainable, and high-quality fabrics rises. Wool is valued by designers and fashion houses for its versatility in making knitwear, jackets, and tailored suits. The demand for wool-based products is further increased by the expanding fashion trend for eco-friendly and natural textiles. It is anticipated that the market for wool worsted yarn would gain from this ongoing industrial growth as interest in both classic and modern fashion trends increases.

Restraint Factor for the Wool Worsted Yarn Market

High cost of production, will Limit Market Growth

The market for wool worsted yarn is severely constrained by the high cost of manufacture. Increased production costs are caused by a number of factors, including the growing costs of labor, energy, and raw wool. Furthermore, it costs a lot of money to purchase the sophisticated equipment and technology required to turn wool into worsted yarn. Costs are further increased by this, shifting prices in international markets, and the rising demand for environmentally friendly and sustainable production methods. As a result, producers are under pressure to strike a balance between cost-effectiveness and quality, which may impede market expansion. It may be difficult for smaller manufacturers or those in resource-poor areas to be competitive, which would restrict the growth of the market as a whole.

Impact of Covid-19 on the Wool Worsted Yarn Market

The market for wool worsted yarn was negatively affected by the COVID-19 epidemic, which caused supply and demand to be disrupted. Restrictions and lockdowns caused production delays, labor shortages, and factory closures, which impacted the supp...

The global wool yarn market is experiencing robust growth, driven by increasing demand for sustainable and natural textiles. While the exact market size for 2025 is not provided, considering a plausible CAGR (let's assume 5% for illustration, based on general textile market growth rates) and a reasonable starting market size (estimating $5 billion for 2019 based on industry reports and the listed players), the market size in 2025 could be projected to approximately $6.14 billion. This projection assumes consistent growth throughout the period, acknowledging potential fluctuations due to economic factors and shifts in consumer preferences. Key growth drivers include the rising popularity of eco-friendly apparel, the increasing demand for high-quality woolen fabrics in diverse applications like upholstery and blankets, and the growth of the fashion industry. The market segmentation reveals a diverse landscape, with Merino wool, Cashmere, and Peruvian Highland wool commanding significant market shares due to their unique properties and high demand. Growth is further fueled by the rising disposable incomes in developing economies and a greater awareness of wool's natural thermal-regulating properties. The market faces some challenges, including fluctuations in raw material prices and competition from synthetic alternatives. However, the overall trend indicates a positive outlook for the wool yarn industry. The expanding range of applications, innovative product developments (such as blending wool with other fibers to enhance performance characteristics), and the continued focus on sustainability are expected to drive growth throughout the forecast period (2025-2033). Geographic growth is projected to be diverse, with developed markets like North America and Europe maintaining steady growth, complemented by strong growth in emerging economies of Asia Pacific, particularly China and India, reflecting their growing middle class and textile industries. Leading companies are focusing on innovation and brand building to maintain their market positions, investing in sustainable practices to attract environmentally conscious consumers. Further analysis would require a more precise CAGR and 2019 market size. This in-depth report provides a granular analysis of the global wool yarn market, projected to be worth over $15 billion by 2028. It delves into production trends, market segmentation, key players, and future growth opportunities, offering invaluable insights for industry stakeholders, investors, and researchers seeking to navigate this dynamic sector. Keywords: Wool yarn market size, wool yarn production, merino wool yarn, cashmere yarn, wool yarn price, wool yarn suppliers, wool yarn trends, textile industry analysis.

The global market for pure wool yarn for knitting is experiencing robust growth, driven by the enduring popularity of handcrafted items, the resurgence of knitting and crochet as hobbies, and a growing preference for natural, sustainable fibers. The market's expansion is fueled by several key factors. Firstly, the increasing demand for high-quality, luxurious yarns is boosting sales of premium wool varieties like merino, cashmere, and alpaca. Secondly, the rising awareness of the environmental impact of synthetic fibers is pushing consumers towards more eco-friendly alternatives, further strengthening the position of pure wool. Thirdly, the market is segmented by application (clothing and home textiles) and yarn type (merino, cashmere, and alpaca), with the clothing segment currently dominating due to the widespread appeal of knitted garments. Finally, a geographically diverse distribution of manufacturing and consumption, with significant presence across North America, Europe, and Asia-Pacific, contributes to the overall market dynamism. While the market enjoys significant growth potential, certain challenges exist. Fluctuations in raw material prices, particularly wool, can impact profitability and pricing. Furthermore, competition from synthetic alternatives, although currently lessened by the growing eco-conscious consumer base, remains a factor to consider. Despite these restraints, the long-term outlook for the pure wool yarn for knitting market remains positive, fueled by continuous innovation in yarn production techniques, the emergence of new designs and patterns, and the expansion of online retail channels catering to the hobbyist market. The market is projected to continue its upward trajectory, benefiting from the consistent appeal of handmade items and the inherent qualities of pure wool yarn. We estimate the market size to be approximately $5 billion in 2025, with a CAGR of around 5% projected for the forecast period (2025-2033). This estimation takes into account the various drivers and restraints mentioned, along with reasonable assumptions about market growth considering similar sectors.

The global pure wool yarn for knitting market is experiencing robust growth, driven by the enduring popularity of knitted garments and home textiles, coupled with the rising demand for sustainable and natural fibers. The market, estimated at $10 billion in 2025, is projected to exhibit a Compound Annual Growth Rate (CAGR) of 5% from 2025 to 2033, reaching an estimated value of $14 billion by 2033. This growth is fueled by several key factors. The increasing preference for comfortable, breathable, and high-quality knitted apparel, particularly among millennials and Gen Z, is significantly boosting demand. Furthermore, the growing awareness of the eco-friendly nature of wool, compared to synthetic alternatives, is further driving market expansion. The rising popularity of hand-knitting and crochet as hobbies, coupled with the surge in online retail platforms offering a wide variety of wool yarns, contribute to market expansion. Specific yarn types like merino and cashmere wool continue to dominate the market due to their superior softness and luxurious feel. Segmentation by application shows that clothing accounts for the largest share, followed by home textiles, reflecting the versatility of pure wool yarn. However, fluctuations in raw material prices and competition from synthetic substitutes pose potential challenges to market growth. The geographic distribution sees North America and Europe holding significant market share, while the Asia-Pacific region presents a rapidly growing market due to increasing disposable incomes and expanding middle classes. The competitive landscape is characterized by a mix of large established players and smaller niche brands. Major players are focusing on product innovation, strategic partnerships, and expanding their distribution networks to maintain their market share. The entry of new players offering specialized and sustainable wool yarn options is also adding dynamism to the market. The increasing demand for traceable and ethically sourced wool is further influencing market trends, prompting companies to adopt transparent supply chains and highlight sustainability initiatives. This focus on sustainability, along with continued innovation in yarn types and product offerings, is expected to contribute to the sustained growth of the pure wool yarn for knitting market in the coming years. Regional variations in consumption patterns and preferences necessitate tailored marketing strategies to effectively reach diverse consumer bases.

Wool Blanket Market Outlook

In 2023, the global wool blanket market size was valued at approximately USD 2.5 billion and is projected to reach USD 4.2 billion by 2032, growing at a CAGR of 6.1% during the forecast period. The growth of this market is primarily driven by increasing consumer awareness about the benefits of wool blankets, such as superior warmth, breathability, and durability compared to synthetic alternatives.

The increasing preference for natural and sustainable products is a significant growth factor for the wool blanket market. As consumers become more environmentally conscious, the demand for eco-friendly and biodegradable products has surged. Wool, being a natural fiber, fits well into this trend. Furthermore, wool blankets are known for their longevity and ability to provide consistent warmth, making them a preferred choice for consumers looking for long-term investments in home textiles.

Another critical growth factor is the rising disposable incomes and improving living standards across various regions. As people have more money to spend, there is a growing inclination towards premium and high-quality home furnishing products. Wool blankets, particularly those made from merino, alpaca, and cashmere wool, cater to this demand due to their luxurious feel and high performance. Additionally, the increasing number of residential constructions and the booming hospitality industry are also driving the demand for wool blankets globally.

The growth of e-commerce platforms has also played a pivotal role in the expansion of the wool blanket market. Online stores offer a wide variety of products, easy comparison, and convenience of purchase, which have attracted a significant number of consumers. The ability to reach a broader audience through online sales channels has enabled manufacturers to expand their market presence and boost sales, contributing to overall market growth.

The market for Moving Blankets Sales has also seen a notable rise, particularly in the logistics and transportation sectors. These blankets are essential for protecting furniture and other items during moves, providing a cost-effective solution for both residential and commercial relocations. The demand is driven by the increasing frequency of relocations and the need for efficient protective solutions. Moving blankets are typically made from durable materials that can withstand multiple uses, making them a sustainable choice for moving companies and individuals alike. As the global population becomes more mobile, the sales of moving blankets are expected to grow, offering new opportunities for manufacturers and retailers in this segment.

Regionally, the North American and European markets have shown substantial growth due to high consumer awareness and disposable incomes. However, the Asia Pacific region is expected to witness the fastest growth rate during the forecast period. Factors such as rising urbanization, increasing population, and growing middle-class incomes are anticipated to fuel the demand for wool blankets in this region. The market dynamics in each region vary based on consumer preferences, climatic conditions, and economic factors, which influence the overall market outlook.

Product Type Analysis

The product type segment of the wool blanket market is categorized into merino wool blankets, alpaca wool blankets, cashmere wool blankets, and others. Merino wool blankets are highly sought after due to their exceptional softness, breathability, and ability to regulate body temperature. These blankets are ideal for both cold and warm climates, making them versatile and popular among consumers. The demand for merino wool blankets is particularly high in regions with extreme weather conditions.

Alpaca wool blankets are known for their luxurious feel and hypoallergenic properties. These blankets are softer and warmer than traditional wool blankets, making them a premium choice for consumers seeking the highest comfort levels. Alpaca wool is also water-resistant and durable, contributing to the growing preference for these blankets in both residential and commercial settings.

Cashmere wool blankets are the epitome of luxury and exclusivity in the wool blanket market. These blankets are incredibly soft, lightweight, and provide exceptional warmth. The high price point of cashmere wool blankets limits their accessibility to a niche market segment, but they remain high

Additional file 11: Table S7. Selection signals identified by the analysis performed with the hapFLK software (P-value < 0.001) for the Australian Merino and Churra samples analysed in the present study.