Global Cashmere Clothing Market Overview
It is estimated for the cashmere clothing market to grow at a CAGR of 6.8% during the forecast period of 2022 to 2030. The market witnessed growth at a CAGR of 6.1% during the previous forecast period of 2018 to 2021. Cashmere is a type of wool that is made from cashmere goats and pashmina goats. The old spelling of cashmere is Kashmir, which is a region in Northern India that still produces cashmere. Cashmere is a natural fiber known for its extremely soft feel and insulating properties.
Global Cashmere Clothing Market Growth Factors
Use of cashmere shawls all over the globe during the winter season is driving the growth of the market for the cashmere clothing during the forecast period. Some parts of the globe witness winter for a major period of the year and thus opt for cashmere shawls and this factor is driving the growth of the market during the forecast period. Growing tourism to Kashmir is resulting in the growth of awareness about the cashmere clothing and its uniqueness and this factor is also boosting the growth of the market during the forecast period. The growth in the sale of these clothing products on various online platforms is also boosting the growth of the market during the forecast period. However, the growth in the cost of these clothing products owing to the growing popularity is estimated slowdown the growth of the market during the forecast period.
Global Cashmere Clothing Market Market Trends
Use of cashmere shawls all over the globe during the winter season is driving the growth of the market for the cashmere clothing during the forecast period.
Growing tourism to Kashmir is resulting in the growth of awareness about the cashmere clothing and its uniqueness and this factor is also boosting the growth of the market during the forecast period.
However, the growth in the cost of these clothing products owing to the growing popularity is estimated slowdown the growth of the market during the forecast period.
Global Cashmere Clothing Market Segmentation
The global cashmere clothing market is segmented into product type, distribution channel and end user.
Based on product type, the market is segmented into,
Sweaters & Coats
Pants & Trousers
Tees & Polo
Shawls
Others
Based on distribution channel, the market is segmented into,
Online
Offline
Based on end user, the market is segmented into,
Men
Women
Global Cashmere Clothing Market Regional Analysis
It is estimated for the region of Asia Pacific to drive the growth of the market during the forecast period. The growing in the technological advancements in the food sector in the region is estimated to foster the growth of the market during the forecast period. The region of Europe is estimated to witness growth at a healthy rate during the forecast period. The US region is also estimated to witness a notable growth rate in the market.
Global Cashmere Clothing Market Key Market players
Loro Piana S.P.A.; Brunello Cucinelli S.p.A.; Alyki - Felice De Palma & Co.; Pringle of Scotland Limited; Ermenegildo Zegna Holditalia S.p.A.; SofiaCashmere; Autumn Cashmere; Malo; Corso Italia S.p.A.; TSE Cashmere are the major players that are driving the growth of the market during the forecast period.
