Cashmere Sweater Market size was valued at USD 1.2 Billion in 2024 and is projected to reach USD 1.8 Billion by 2033, exhibiting a CAGR of 5.1% from 2026 to 2033.
In 2022, the global cashmere clothing market was valued at approximately USD 2.68 billion and is projected to reach around USD 4.82 billion by 2032, growing at a compound annual growth rate (CAGR) of 6.05% from 2023 to 2032. Europe dominated the market, accounting for over 38% of the global share in 2022, with a projected CAGR of 4.64% during the forecast period. North America followed, holding a revenue share of 27.4% in 2023, driven by a growing demand for luxury and fashionable clothing. The Asia Pacific region is anticipated to experience significant growth, with a projected CAGR of 7.7% from 2024 to 2030, fueled by increasing disposable incomes and a rising middle class population in countries like China and India. The sweaters and coats segment led the product categories, capturing more than 52% of the global market share in 2022 and is expected to grow at a CAGR of 5.54% during the forecast period. The mens end user segment is projected to witness the fastest growth, with a CAGR of 6.54%, while the womens segment is anticipated to maintain the largest market share, growing at a CAGR of 5.77%. The increasing popularity of sustainable and ethically produced cashmere clothing is creating new opportunities in the market, as consumers become more conscious of environmental impacts and seek high quality, responsibly sourced apparel.
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Loro Piana
Brunello Cucinelli
Ermenegildo Zegna
Malo
Alyki
Pringle of Scotland
SofiaCashmere
Autumn Cashmere
TSE
Ballantyne
Birdie Cashmere
Erdos Group
Hengyuanxiang
Kingdeer
Snow Lotus
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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 Sweater Market
Age Group
Gender
Income Level
Purchase Behavior
Usage Rate
Loyalty Status
Lifestyle
Personality Traits
Values
Type of Cashmere Sweater
Knitting Method
Style
Distribution Channel
Sales Platforms
Promotional Channel
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 Sweater 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 Sweater Market Outlook
Overview
Market Dynamics
Drivers
Restraints
Opportunities
Porters Five Force Model
Value Chain Analysis
5. Global Cashmere Sweater Market, By Type
6. Global Cashmere Sweater Market, By Application
7. Global Cashmere Sweater Market, By Geography
US
Europe
Asia Pacific
Rest of the World
8. Global Cashmere Sweater Market Competitive Landscape
Overview
Company Market Ranking
Key Development Strategies
9. Company Profiles
10. Appendix
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