-
- All Industries /
- Fashion /
- Accessories and Jewellery /
- UK Fashion Accessories Market Report 2024
UK Fashion Accessories Market Report 2024
- Multiple Report Formats
- Access to our Clients Portal
- Interactive Databook
- Custom Presentation Tool
Following the pandemic-era boom supported by demand for luxury accessories, 2024 will see softer growth as shopping savvy becomes more pronounced with a growing demand of second-hand offerings for accessories or others seeking out dupes of luxury items.
Second-hand fashion accessories are increasingly popular, with online marketplaces like Vinted and eBay ranking third among top retailers. Consumers are actively buying and selling second-hand, which is seeing more retailers investing in these services, and bringing them in-house can ensure stronger consumer demand within the accessories market.
The UK fashion accessories market is shifting as consumer preferences evolve, with economic uncertainty making shoppers, especially younger ones, more savvy. Over half of consumers are interested in dupes, showing a trend towards affordable alternatives resembling luxury items. This trend reshapes the industry, highlighting demand for fashionable, budget-friendly options, and launching accessible ranges can combat dupe culture.
There is an exciting opportunity for brands to capitalise on emerging consumer interests. With a noticeable rise in interest for gender-neutral and sustainable fashion accessories, brands can diversify their offerings to cater to these growing segments. By embracing inclusive and eco-friendly practices, brands can not only meet consumer demands, but also make consumers feel better about their purchases.
This Report examines the purchasing of fashion accessories through all retail channels. It covers a broad range of accessories including:
Neil manages the teams that produce the European Retail Reports. Neil joined Mintel in 1995 and previously worked as Head of Fashion/Beauty and Personal Care/Household, and Head of UK Retail. Before joining Mintel, he worked in the food and publishing industries. He has a BSc in Business Studies/Marketing from the University of Newcastle-upon-tyne.
With softer demand expected, shoppers are prioritising value. With second-hand shopping gaining popularity, particularly for fashion accessories like handbags, as consumers increasingly seek pre-loved luxury items.
Neil Mason
Head of Retail Research
Mintel is the world’s leading market intelligence agency. We show you how consumers think today and tomorrow. As a trusted partner to industry leaders, we deliver game-changing insights to businesses across the globe, fuelling their marketing and innovation strategies that will shape the future.
Access high-quality market research with every purchase of Mintel’s consumer reports. Here’s what else is included in your report purchase:
From consumer reports to customised growth strategies. We have an option to suit your business requirements.
Find out more£ 5,000 – £ 21,600
Mintel’s 2024-25 Global Outlook on Sustainability: A Consumer Study is designed to help you understand what brands and companies should prioritise in order to educate consumers and ensure...
Find out more£ 2,195
Summer 2023 benefitted from significant pent-up demand, as consumers updated their wardrobes for holidays abroad and staycations, as well as events such as weddings Tamara Sender Ceron, Associate...
Find out more£ 2,195
The cost of living crisis has led to caution around spending and while women have adopted more savvy shopping behaviours, they have turned to fashion to boost their...
Find out more£ 2,195
High rates of obesity among men mean improving menswear sizing and fit is key to driving sales, with help from new online size recommendation tools. Tamara Sender Ceron,...
Find out more£ 2,195
“A resurgence in consumer spending has benefitted the underwear market, as consumers look to treat themselves to new styles. Consumers seek to bring fun to their underwear shopping,...
Find out more£ 2,195
Consumers have become thriftier, as many of the value focused behaviours adopted at the height of the cost-of-living crisis have stuck, with 62% buying new clothes that combine...
Find out moreFrom consumer reports to customised growth strategies. We have an option to suit your business requirements.
Find out more