As consumers are becoming increasingly focused on having a positive impact on the environment (with 17% saying they try to have a positive impact on the environment in 2021, according to Euromonitor International’s Voice of the Consumer Survey), the development of new materials has become more important for mass brands. While the premium brand Stella McCartney has been an ambassador for ethical, sustainable materials since its launch in 2001, more mass-market brands are starting to follow suit.
Growing economic uncertainty across the UK, fuelled by 10% inflation in August 2022 and the rapidly increasing cost of living, means that households across the country are thinking more carefully about how they spend their disposable income. The House of Commons briefing from September 2022 stated that 87% of adults in Great Britain reported an increase in their cost of living in August.
Apparel accessories has been normalising after a turbulent couple of years, returning to around the pre-COVID-19 level of sales in current value terms in 2022. However, growth looking forward will be slowed by the increasing popularity of pre-loved, recycled and rented items.
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Understand the latest market trends and future growth opportunities for the Apparel Accessories industry in United Kingdom with research from Euromonitor International's team of in-country analysts – experts by industry and geographic specialisation.
Key trends are clearly and succinctly summarised alongside the most current research data available. Understand and assess competitive threats and plan corporate strategy with our qualitative analysis, insight and confident growth projections.
If you're in the Apparel Accessories industry in United Kingdom, our research will help you to make informed, intelligent decisions; to recognise and profit from opportunity, or to offer resilience amidst market uncertainty.
Supplementary garments and clothing articles consisting of items as belts, scarves, gloves, hats, ties and other accessories. Knitted accessories (hats, scarves and gloves) are also included. Includes all such products designed for men, women, children, and infants. Shoes, bags and sunglasses are excluded and attributed to Footwear, Travel Goods and Sunglasses respectively.See All of Our Definitions
This report originates from Passport, our Apparel Accessories research and analysis database.
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