Sweaters Market Report 2025 (Global Edition)

Global Sweaters Market Report 2025 Market Size Split by Type Outlook: (Cardigans, Pullovers, Turtlenecks, Crew Necks, Sweater Vests), by End User Outlook: (Men, Women, Children), by Material Outlook: ...

Sweaters Market Report Description

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How 2025 Tariffs Are Reshaping the Consumer Goods Industry

In 2025, the global trade landscape has shifted dramatically following the U.S. introduction of sweeping tariffs under President Donald Trump’s administration. These "Liberation Day Tariffs," launched in April, aim to reduce trade deficits and boost domestic manufacturing. Tariffs range from 10% on imports from countries like the UK and Australia to 46% on Vietnamese goods, with a blanket 34% tariff on many Chinese imports and 25% on all steel, aluminum, and auto parts. This policy heavily impacts the consumer goods sector apparel, appliances, packaged foods, and personal care products due to their deep reliance on global supply chains, especially in Asia. U.S.–China trade tensions have intensified, with reciprocal tariffs reaching up to 145% on U.S. goods and 125% on Chinese exports, while China’s trade surplus with the U.S. hit USD 102.6 billion in March 2025. In response, the EU and Canada have implemented retaliatory measures, signaling a broader shift toward protectionism.

The consumer goods industry is feeling immediate effects: production costs are rising, sourcing is delayed, and inflation pressures are mounting. Apparel and footwear now face 25% tariffs, prompting brands to seek nearshoring options or raise prices. Household appliances incur 20% tariffs, complicating inventory and procurement strategies. Packaged foods and beverages are hit with 10–15% tariffs, impacting contracts and leading to supplier diversification and product reformulation. Personal care firms face higher costs for imported ingredients and packaging, leading to local sourcing efforts and delays in new product launches. Meanwhile, electronics, though temporarily exempt, are preparing for possible disruptions by diversifying suppliers and increasing inventories.

China remains the backbone of U.S. consumer goods sourcing, accounting for a large portion of imports either directly or through upstream components. This makes tariffs on Chinese goods especially disruptive. The rising input costs 15–30% in many categories combined with seasonal pressures and tight timelines, are causing delays and increased costs. Smaller brands, in particular, are struggling due to limited capital and reduced supplier leverage. Many are being forced to increase prices, cut product variety, or compromise on quality.

Market research is now critical to navigating this volatile environment. It supports supplier mapping and risk assessment, helping brands identify alternative sourcing countries with stable regulations and quality control. It also aids in cost and margin analysis, guiding decisions on pricing and sourcing changes. Optimization of product design and materials through research allows companies to reduce costs while maintaining consumer expectations. Additionally, research helps assess consumer price sensitivity, enabling strategic repositioning. Tracking regulatory changes and running scenario planning models allow firms to anticipate and adapt to future trade shifts.

To cope, companies are restructuring their global sourcing models. Major brands like Nike and IKEA are expanding operations in Vietnam, India, and Mexico, while embracing “in-market for market” strategies to reduce exposure to tariffs and logistics risks. Many are adopting AI-driven demand forecasting and automated procurement, and pushing suppliers for transparency. Product redesign and SKU rationalization are also common. The most successful firms are those using data-driven insights, operational flexibility, and strategic supplier partnerships to adapt not just survive in this new era of global trade.

Competitive Landscape of the Sweaters Market

The sweaters market is highly competitive, with leading global apparel brands dominating the space. Companies offer a diverse range of sweater designs, catering to various consumer preferences in terms of style, fabric, and price. The market also features niche brands that focus on sustainable and premium materials like organic cotton, wool, and cashmere. E-commerce platforms play a crucial role in expanding market reach, allowing brands to connect with a wider audience. Innovation in fabric technology, customization options, and collaborations further intensify competition.

Top Companies Market Share in Sweaters Industry: (In no particular order of Rank)

• 361sport
• Adidas
• ANTA
• Augusta Sportswear
• Bay Island
• Columbia
• Erke
• Fila
• Kadena
• Kappa
• LINING
• Lotto
• Medi
• Mizuno
• Nike
• PEAK
• Puma
• The North Face
• Xtep
• Confidential Data
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*List of Second Tier Companies, List of Third Tier/ Start-up Companies (Inquire with sales executive) Request Any Company Profile for Preview Purpose OR Data Validation!

If any Company(ies) of your interest has/have not been disclosed in the above list then please let us know the same so that we will check the data availability in our database and provide you the confirmation or include it in the final deliverables.

Regional Analysis of the Sweaters Market

Which Region Dominates the Sweaters Market in 2024?

According to Cognitive Market Research, North America currently dominates the Sweaters market, and the region is expected to have significant growth during the projected period. The region's established retail infrastructure, including e-commerce growth, along with a strong preference for branded and high-quality sweaters.

Which Region is Expanding at the Fastest CAGR?

Asia-Pacific is expected to make significant gains during the projected period, with the greatest compound annual growth rate (CAGR). The region's growing middle class is demanding more fashionable, high-quality sweaters, while colder climates in certain areas.

The current report Scope analyzes Sweaters Market on 5 major region Split (In case you wish to acquire a specific region edition (more granular data) or any country Edition data then please write us on info@cognitivemarketresearch.com

• North America (United States, Canada, Mexico)
• Europe (United Kingdom, France, Germany, Italy, Russia, Spain, Sweden, Denmark, Switzerland, Luxembourg, Rest of Europe)
• Asia Pacific (China, Japan, South Korea, India, Australia, Singapore, Taiwan, South East Asia, Rest of APAC)
• Latin America (Brazil, Argentina, Colombia, Peru, Chile, Rest of South America)
• Middle East (Saudi Arabia, Turkey, UAE, Egypt, Qatar, Rest of Middle East)
• Africa (Nigeria, South Africa, Rest of Africa)

The above graph is for illustrative purposes only.

North America Sweaters Market Analysis

According to Cognitive Market Research, the global Sweaters market size was estimated at USD 13241.5 Million, out of which North America held the major market share of more than 40% of the global revenue with a market size of USD 5296.60 million in 2024 and will grow at a compound annual growth rate (CAGR) of 4.4% from 2024 to 2031.

• According to Cognitive Market Research, the US had a major share in the Sweaters market with a market size of USD 4179.02 million in 2024 and is projected to grow at a CAGR of 4.2% during the forecast period due to the rising consumer preference for sustainable and eco-friendly materials.
• The Canada Sweaters market had a market share of USD 635.59 million in 2024 and is projected to grow at a CAGR of 5.2% during the forecast period due to the growth in e-commerce platforms.
• The Mexico Sweaters market is projected to witness growth at a CAGR of 4.9% during the forecast period, with a market size of USD 481.99 million in 2024.

Europe Sweaters Market Analysis

According to Cognitive Market Research, the global Sweaters market size was estimated at USD 13241.5 Million, out of which Europe held the market share of more than 30% of the global revenue with a market size of USD 3972.45 million in 2024 and will grow at a compound annual growth rate (CAGR) of 4.7% from 2024 to 2031.

• The United Kingdom Sweaters market had a market share of USD 667.37 million in 2024 and is projected to grow at a CAGR of 5.5% during the forecast period. In the UK, sweater sales witness an upswing due to the rising popularity of e-commerce platforms.
• The France Sweaters market is projected to witness growth at a CAGR of 3.9% during the forecast period, with a market size of USD 365.47 million in 2024.
• According to Cognitive Market Research, the German Sweaters market size was valued at USD 786.55 million in 2024 and is projected to grow at a CAGR of 4.9% during the forecast period. In Germany, Sweaters surged due to the increasing demand for functional and fashion-forward knitwear.
• The Italy Sweaters market is projected to witness growth at a CAGR of 4.1% during the forecast period, with a market size of USD 341.63 million in 2024.
• The Russian sweaters market is projected to witness growth at a CAGR of 3.7% during the forecast period, with a market size of USD 615.73 million in 2024.
• The Spain Sweaters market is projected to witness growth at a CAGR of 3.8% during the forecast period with a market size of USD 325.74 million in 2024
• The Luxembourg Sweaters market is projected to witness growth at a CAGR of 4.8% during the forecast period, with a market size of USD 123.15 million in 2024.
• The Portugal Sweaters market is projected to witness growth at a CAGR of 4.5% during the forecast period, with a market size of USD 83.42 million in 2024.
• The Greece Sweaters market is projected to witness growth at a CAGR of 5.0% during the forecast period, with a market size of USD 47.67 million in 2024.
• The Rest of Europe's Sweaters market is projected to witness growth at a CAGR of 3.4% during the forecast period, with a market size of USD 615.73 million in 2024.

Asia Pacific Sweaters Market Analysis

According to Cognitive Market Research, the global Sweaters market size was estimated at USD 13241.5 Million, out of which Asia Pacific held the market share of around 23% of the global revenue with a market size of USD 3045.55 million in 2024 and will grow at a compound annual growth rate (CAGR) of 8.2% from 2024 to 2031.

• According to Cognitive Market Research, the China Sweaters market size was valued at USD 1370.50 million in 2024 and is projected to grow at a CAGR of 7.7% during the forecast period. Sweaters surged in China due to the growth of e-commerce platforms, enhancing accessibility to diverse sweater brands.
• The Japan Sweaters market is projected to witness growth at a CAGR of 6.7% during the forecast period, with a market size of USD 420.29 million in 2024.
• The India Sweaters market had a market share of USD 365.47 million in 2024 and is projected to grow at a CAGR of 10.0% during the forecast period due to the increasing urbanization and disposable income .
• The South Korean Sweaters market is projected to witness growth at a CAGR of 7.3% during the forecast period, with a market size of USD 304.55 million in 2024.
• The Australian Sweaters market is projected to witness growth at a CAGR of 7.9% during the forecast period, with a market size of USD 158.37 million in 2024.
• The Southeast Asia Sweaters market is projected to witness growth at a CAGR of 9.2% during the forecast period, with a market size of USD 210.14 million in 2024.
• The Rest of Asia Pacific Sweaters market is projected to witness growth at a CAGR of 8.0% during the forecast period, with a market size of USD 216.23 million in 2024.

South America Sweaters Market Analysis

According to Cognitive Market Research, the global Sweaters market size was estimated at USD 13241.5 Million, out of which Latin America held the market share of around 5% of the global revenue with a market size of USD 662.08 million in 2024 and will grow at a compound annual growth rate (CAGR) of 5.6% from 2024 to 2031.

• According to Cognitive Market Research, the Brazil Sweaters market size was valued at USD 283.37 million in 2024 and is projected to grow at a CAGR of 6.2% during the forecast period. Sweaters flourished in Brazil due to expanding e-commerce platforms.
• Argentina's Sweaters market had a market share of USD 111.23 million in 2024 and is projected to grow at a CAGR of 6.5% during the forecast period due to the shifting consumer preferences toward sustainable and eco-friendly sweater options.
• Colombia's sweater market is projected to witness growth at a CAGR of 5.4% during the forecast period, with a market size of USD 58.92 million in 2024.
• Peru's Sweaters market is projected to witness growth at a CAGR of 5.8% during the forecast period, with a market size of USD 54.29 million in 2024.
• Chile's sweater market is projected to witness growth at a CAGR of 5.9% during the forecast period, with a market size of USD 47.67 million in 2024.
• The Rest of Latin America's Sweaters market is projected to witness growth at a CAGR of 4.7% during the forecast period, with a market size of USD 106.59 million in 2024.

Middle East Sweaters Market Analysis

According to Cognitive Market Research, the global Sweaters market size was estimated at USD 13241.5 Million, out of which the Middle East and Africa held the major market share of around 2% of the global revenue with a market size of USD 264.83 million in 2024 and will grow at a compound annual growth rate (CAGR) of 5.9% from 2024 to 2031..

• The GCC Countries Sweaters market is projected to witness growth at a CAGR of 6.7% during the forecast period, with a market size of USD 113.35 million in 2024. Sweater sales flourish due to the increasing popularity of Western fashion trends and cold-weather apparel.
• The Egypt Sweaters market is projected to witness growth at a CAGR of 6.2% during the forecast period, with a market size of USD 27.81 million in 2024.
• The South Africa Sweaters market is projected to witness growth at a CAGR of 6.9% during the forecast period, with a market size of USD 41.84 million in 2024. Sweater sales flourished in South Africa due to the expansion of online retail platforms.
• The Turkey Sweaters market is projected to witness growth at a CAGR of 5.4% during the forecast period, with a market size of USD 22.78 million in 2024.
• The Nigeria Sweaters market is projected to witness growth at a CAGR of 5.0% during the forecast period, with a market size of USD 27.81 million in 2024.
• The Rest of the MEA Sweaters market is projected to witness growth at a CAGR of 4.9% during the forecast period, with a market size of USD 31.25 million in 2024.

Sweaters Market Analysis

How are Segments Performing in the Global Sweaters Market?

Sweaters Market Type Segment Analysis

According to Cognitive Market Research, cardigans are likely to dominate the Sweaters Market over the forecast period due to their versatility and timeless appeal. They are favoured for both casual and formal occasions, offering easy layering options. Available in various fabrics and styles, cardigans cater to a wide range of consumer preferences, making them a staple in many wardrobes year-round.

The sweater vests are the fastest-growing segment in the Sweaters Market due to their versatility and appeal in both casual and semi-formal settings. Popularized by fashion trends and athleisure wear, they offer a stylish alternative to traditional sweaters. Their lightweight nature and layering potential make them a year-round wardrobe staple.

The above Chart is for representative purposes and does not depict actual sale statistics. Access/Request the quantitative data to understand the trends and dominating segment of Sweaters Industry. Request a Free Sample PDF!

Sweaters Market End User Segment Analysis

According to Cognitive Market Research, the women segment holds the largest share of the market due to their higher fashion consumption and greater variety of styles. Women's sweaters range from casual wear to formal options, offering a broader selection in terms of colours, designs, and materials. Additionally, women prioritize comfort and style, driving demand for trendy, versatile sweater options.

In the Sweaters Market, the children's sector has been expanding at a rapid pace due to increased demand for stylish, comfortable, and durable clothing. Parents prioritize warmth, quality, and versatility in children's sweaters, driven by seasonal needs and the rising popularity of eco-friendly, functional designs. This growth is further supported by e-commerce.

The above Graph is for representation purposes only. This chart does not depict actual Market share.

Sweaters Material Outlook: Segment Analysis

Sweaters Market Material Segment Analysis

According to Cognitive Market Research, the synthetic fibres segment holds the largest market share due to their affordability, durability, and versatility. Materials like polyester, acrylic, and nylon offer lightweight, easy-care options that retain shape and resist shrinking. These fibres are also available in a wide variety of colours and textures, making them popular for both casual and fashion-forward designs.

In the Sweaters market, the rapidly growing sector is the blends category due to their ability to combine the benefits of different materials, such as wool, cotton, and synthetic fibres. These blends offer enhanced comfort, durability, moisture-wicking properties, and affordability, making them ideal for various consumer preferences and climates.

• Cotton
• Synthetic Fibers
• Wool
• Silk
• Blends

Sweaters Price Range Outlook: Segment Analysis

Sweaters Market Price Range Segment Analysis

According to Cognitive Market Research, the mid-range segment dominates the market due to its balance of quality, affordability, and variety. These products appeal to a broad consumer base, offering stylish designs and durable materials at accessible prices. Mid-range brands cater to both fashion-conscious shoppers and those seeking functional, comfortable sweaters for everyday use.

Premium range is projected to be the fastest-growing segment in the Sweaters market due to rising consumer demand for high-quality materials like cashmere, merino wool, and organic cotton. These sweaters offer superior comfort, durability, and luxury, appealing to affluent consumers who prioritize craftsmanship, sustainability, and exclusive designs.

• Low-Range
• Mid-Range
• Premium Range

Author's Detail

Sneha Mali

Research Analyst at Cognitive Market Research

LinkedIn

Profile

I am a research analyst working in various domains including the Consumer Goods domain, and my primary responsibility is to conduct thorough research on various subjects and provide valuable insights to support client requirements. I have knowledge of research methodologies, and data mining which enables me to analyze large data sets, draw meaningful conclusions, and communicate them effectively. I stay up-to-date with the latest research trends, methodologies, and technologies to ensure that my research is accurate, relevant, and impactful.

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