Global Wool Worsted Yarn Market By Product Type (Marino Wool, Cashmere Wool, Peruvian Highland Wool and Other Product Types), By Region, and Key Companies - Industry Segment Outlook, Market Assessment, Competition Scenario, Trends and Forecast 2021-2031

Report Overview

Global Wool Worsted Yarn Market is projected to be US$ 3,181.6 Mn in 2021 to reach US$ 5,702.3 Mn by 2031 at a CAGR of 6.1%.

Wool worsted yarn is a type of medium-weight yarn renowned for its smooth texture and uniformity, making it a popular choice for a variety of knitting and crochet projects. The yarn is produced through a specific method where the wool fibers are combed before spinning, aligning them parallel to each other. This process not only refines the yarn, making it denser and smoother but also enhances the stitch definition in the knitted or crocheted items. Wool worsted yarn is versatile and can be used to create garments, accessories, and home décor items due to its balanced thickness​

The primary factors driving the wool worsted yarn market include its versatility and the superior quality of the finished products it produces. Its medium weight makes it suitable for a broad range of projects, which keeps demand consistent throughout the year. Additionally, the trend towards DIY crafts and the growing popularity of handmade goods have further boosted the market. The yarn’s ability to provide excellent stitch definition also makes it a favored choice for intricate patterns and designs, appealing to both novice and experienced crafters alike​.

Global Wool Worsted Yarn Market Revenue (US$ Mn), 2021–2031

An increasing number of consumers of the textile sector are developing a preference for high-quality wool, as such competition is also increasing as yields and trends improve. The requirement of wool yarn with enhanced quality and characteristics, such as lightweight and comfort, continues to push manufacturers and sheep farmers to develop and expand their position in the textile sector.

Additionally, owing to the increasing textile sector, favorable trade regulations and the manufacturing of high-quality wool yarn are boosting textile exports. As wool yarn is widely used in textile production, this is likely to have a substantially positive influence on the wool yarn market.

These yarns are not carded, but rather washed, gilled, and combed using hot long-tooth metal combs before being oiled and spun. Therefore, worsted woolen yarn is more expensive than regular woolen yarn because the sheep from whom the wool is collected are of a better breed.

Worsted fabric also requires more processing, thus its price tends to be higher. Worsted cloth is mostly used for men’s suits. However, higher production costs and longer manufacturing times for worsted wool yarn materials are expected to limit production volumes, and subsequently, market growth prospects in the process.

Global Wool Worsted Yarn Market Attractiveness Analysis by Product Type, 2015–2031

The global wool worsted yarn is segmented on the basis of product types such as, merino wool, cashmere wool, peruvian highland wool, other product types and it is further sub-segmented by the application such as apparel, upholstery, blankets and, other applications. Under the product type market segmentation, the merino wool segment is expected to account for the majority revenue share of this target industry.

On the basis of regions, the market is segmented as North America, Europe, Asia-Pacific, South America, and the Middle East & Africa. Market in North America is projected to account for a major share, in terms of revenue, of the global wool worsted yarn market, and is projected to maintain its respective market position over the forecast period.

The research report on Global Wool Worsted Yarn Market includes profiles of some of the major companies such as Indorama Ventures Public Company Limited, Grasim Industries Limited, Südwolle Group, Shandong Hengtai Textile Co. Ltd., Novita Oy, Oswal Woollen Mills Limited, Laxtons Limited, Brown Sheep Company Inc., The Fibre Co, Kapotex Industries Pvt. Ltd., Brooklyn Tweed, and other key players.

Segmentation for the Global Wool Worsted Yarn Market Based on Product Type by Application, and Region

Based on Product Type by Application

• Merino Wool
  • Apparel
  • Upholstery
  • Blankets
  • Other Applications
• Cashmere Wool
  • Apparel
  • Upholstery
  • Blankets
  • Other Applications

• Peruvian Highland Wool
  • Apparel
  • Upholstery
  • Blankets
  • Other Applications
• Other Product Types
  • Apparel
  • Upholstery
  • Blankets
  • Other Applications

Based on Region

• North America
• Europe
• Asia-Pacific
• South America
• MEA

Based on Key Player:

• Indorama Ventures Public Company Limited
• Grasim Industries Limited
• Südwolle Group
• Shandong Hengtai Textile Co. Ltd.
• Novita Oy
• Oswal Woollen Mills Limited
• Laxtons Limited
• Brown Sheep Company Inc.
• The Fibre Co
• Kapotex Industries Pvt. Ltd.
• Brooklyn Tweed
• other key players.

For the Wool Worsted Yarn Market research study, the following years have been considered to estimate the market size: