South Korea Cashmere Clothing Market was valued at USD 0.25 Billion in 2022 and is projected to reach USD 0.34 Billion by 2030, growing at a CAGR of 4.10% from 2024 to 2030.
The South Korean Cashmere Clothing Market has witnessed a significant shift in recent years, with increasing demand for luxurious, high-quality garments. Cashmere, known for its softness, warmth, and durability, has found its place in the hearts of South Korean consumers, particularly in the luxury fashion industry. This market has seen growth driven by a rise in disposable income, evolving fashion trends, and an increasing interest in premium, sustainable clothing. The demand for cashmere garments is no longer limited to the elite but has expanded to a wider consumer base, highlighting a growing preference for exclusive and premium fabrics in the country.
As the demand for cashmere clothing continues to rise, various industries are actively contributing to the market's expansion. The retail sector, especially high-end fashion stores and online platforms, plays a critical role in making cashmere garments more accessible to a broader audience. Additionally, the luxury fashion industry is particularly influential in driving growth, with renowned international brands targeting South Korea as a key market for their premium offerings. South Korea's strong manufacturing capabilities also contribute to the market’s growth, with local producers focusing on maintaining high-quality standards to meet the expectations of both domestic and international buyers.
South Korean consumers are becoming more discerning, seeking sustainable, ethically produced, and eco-friendly clothing. This shift is also driving the demand for cashmere clothing, as the material is often associated with natural, organic production processes. Industries within the fashion ecosystem, from textile producers to retail giants, are increasingly emphasizing transparency in their supply chains, which enhances the appeal of cashmere as a product choice. Furthermore, fashion-conscious millennials and Gen Z consumers are keen on purchasing garments that represent both luxury and sustainability, influencing the purchasing decisions in this growing market.
The increasing attention to eco-friendly and high-end fabrics, combined with South Korea’s robust consumer market, suggests that the demand for cashmere clothing will continue to thrive. This growing trend in the South Korean Cashmere Clothing Market highlights an evolving consumer mindset, where quality, sustainability, and luxury go hand in hand.
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Loro Piana
Brunello Cucinelli
Ermenegildo Zegna
Malo
Alyki
Pringle of Scotland
SofiaCashmere
Autumn Cashmere
TSE
Ballantyne
Birdie Cashmere
Maiyet
Gobi
GOYO
Cashmere Holding
Erdos Group
Hengyuanxiang
Kingdeer
Snow Lotus
Zhenbei Cashmere
By the year 2030, the scale for growth in the market research industry is reported to be above 120 billion which further indicates its projected compound annual growth rate (CAGR), of more than 5.8% from 2023 to 2030. There have also been disruptions in the industry due to advancements in machine learning, artificial intelligence and data analytics There is predictive analysis and real time information about consumers which such technologies provide to the companies enabling them to make better and precise decisions. The Asia-Pacific region is expected to be a key driver of growth, accounting for more than 35% of total revenue growth. In addition, new innovative techniques such as mobile surveys, social listening, and online panels, which emphasize speed, precision, and customization, are also transforming this particular sector.
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Growing demand for below applications around the world has had a direct impact on the growth of the South Korea Cashmere Clothing Market
Cashmere Sweaters
Cashmere Scarves
Cashmere Coats
Cashmere Shawls
Cashmere Hats
Menswear
Womenswear
Kidswear
Online Retailers
Exclusive Cashmere Boutiques
Department Stores
Supermarkets & Hypermarkets
Specialty Stores
Premium
Mid-Range
Economy
Luxury Consumers
Fashion Enthusiasts
Eco-Conscious Consumers
General Consumers
Asia-Pacific (China, Japan, Korea, India, Australia, Indonesia, Thailand, Philippines, Malaysia and Vietnam)
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1. Introduction of the South Korea Cashmere Clothing Market
Overview of the Market
Scope of Report
Assumptions
2. Executive Summary
3. Research Methodology of Verified Market Reports
Data Mining
Validation
Primary Interviews
List of Data Sources
4. South Korea Cashmere Clothing Market Outlook
Overview
Market Dynamics
Drivers
Restraints
Opportunities
Porters Five Force Model
Value Chain Analysis
5. South Korea Cashmere Clothing Market, By Type
6. South Korea Cashmere Clothing Market, By Application
7. South Korea Cashmere Clothing Market, By Geography
Asia-Pacific
China
Japan
Korea
India
Australia
Indonesia
Thailand
Philippines
Malaysia and Vietnam
8. South Korea Cashmere Clothing Market Competitive Landscape
Overview
Company Market Ranking
Key Development Strategies
9. Company Profiles
10. Appendix
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