Wool is obtained from sheep and composed primarily of the protein keratin. It undergoes processing like grading, scouring, and either woolen or worsted methods depending on the final product. Key properties of wool include its ability to insulate by trapping air, absorb up to 20% of its weight in moisture without feeling damp, and repel water due to its crimped structure. Wool fabrics are particularly suitable for winter wear due to these insulating properties.