Cashmere Market size is estimated to be USD 5.5 Billion in 2024 and is expected to reach USD 9.1 Billion by 2033 at a CAGR of 6% from 2026 to 2033.
In 2022, the global cashmere clothing market was valued at approximately USD 2.4 billion, with projections indicating growth to USD 3.8 billion by 2030, reflecting a compound annual growth rate (CAGR) of 6.05% from 2023 to 2032. Europe led the market, accounting for 39% of the global share in 2022, driven by significant demand in countries like Germany, Italy, and the UK. The sweaters and coats segment dominated product categories, representing over 52% of the market, while the mens segment emerged as the largest end user group, with a market size of USD 1.0 billion in 2022. North America is anticipated to be the fastest growing regional market, with a projected CAGR of 6.43% during the forecast period, fueled by increasing demand for luxury apparel. In the Asia Pacific region, the market is expected to grow at a CAGR of 5.2%, supported by expanding textile and apparel industries in countries such as China, India, and Japan. This growth is attributed to rising disposable incomes and a growing middle class population seeking premium clothing options.
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Gobi
GOYO
Cashmere Holding
Sor Cashmere
Erdos Group
Kingdeer
Viction Cashmere
Dongrong Group
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. 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 Global Cashmere Market
Cashmere Apparel
Cashmere Home Textiles
Cashmere Accessories
Luxury Consumers
Mass Market Consumers
Online Retail
Offline Retail
100% Cashmere
Cashmere Blends
Men
Women
Unisex
US (United States, US and Mexico)
Europe (Germany, UK, France, Italy, Russia, Turkey, etc.)
Asia-Pacific (China, Japan, Korea, India, Australia, Indonesia, Thailand, Philippines, Malaysia and Vietnam)
South America (Brazil, Argentina, Columbia, etc.)
Middle East and Africa (Saudi Arabia, UAE, Egypt, Nigeria and South Africa)
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1. Introduction of the Global Cashmere 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. Global Cashmere Market Outlook
Overview
Market Dynamics
Drivers
Restraints
Opportunities
Porters Five Force Model
Value Chain Analysis
5. Global Cashmere Market, By Type
6. Global Cashmere Market, By Application
7. Global Cashmere Market, By Geography
US
Europe
Asia Pacific
Rest of the World
8. Global Cashmere Market Competitive Landscape
Overview
Company Market Ranking
Key Development Strategies
9. Company Profiles
10. Appendix
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