Cashmere Garment Market Revenue was valued at USD 1.15 Billion in 2024 and is estimated to reach USD 1.85 Billion by 2033, growing at a CAGR of 6.2% from 2026 to 2033.
South Korea’s cashmere garment market is evolving rapidly, driven by a blend of luxury fashion demand, government support, and a shift toward sustainable production. With a growing appetite for high-quality textiles, the country is positioning itself as a key player in the global cashmere landscape.
Product Focus: Cashmere sweaters and coats dominate, accounting for over 50% of the market share. Their appeal lies in exceptional softness, warmth, and versatility.
Consumer Demographics: Women represent the largest consumer segment, contributing approximately 59% to the market revenue.
Growth Projections: The market is projected to grow at a CAGR of 4.2% from 2024 to 2032, reflecting increasing consumer preference for luxury and high-quality fabrics.
Quality Standards: The South Korean government has implemented stringent quality standards and certification processes to ensure the authenticity and excellence of cashmere products, bolstering consumer confidence and international demand.
Labeling Regulations: Products must include detailed labeling information, such as fiber content, country of origin, size, care instructions, and manufacturer details, to comply with safety and quality regulations.
Sustainability Practices: There is a growing emphasis on eco-friendly and ethically sourced cashmere, aligning with global trends and consumer expectations.
Government Initiatives: Substantial subsidies have been granted to local producers, enhancing their technological capabilities and improving product quality. Educational programs and training workshops for artisans are also in place to sustain high-quality craftsmanship.
Market Dynamics: The integration of e-commerce platforms and digitalization is facilitating easier access to a wide range of cashmere products, expanding market reach and fostering international collaborations.
Global Positioning: Strategic partnerships with foreign buyers and active participation in global trade fairs are positioning South Korean cashmere as a sought-after name in the global market.
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Loro Piana
Brunello Cucinelli
Ermenegildo Zegna
Black Goat Cashmere
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 Garment Market
Cashmere Sweaters
Cashmere Scarves
Cashmere Coats
Cashmere Knitwear
Cashmere Shawls
Cashmere Gloves
Men
Women
Kids
Online Retail
Offline Retail
Direct Sales
Third-party Distributors
Grade A Cashmere
Grade B Cashmere
Grade C Cashmere
Premium
Mid-Range
Economy
Asia-Pacific (China, Japan, Korea, India, Australia, Indonesia, Thailand, Philippines, Malaysia and Vietnam)
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1. Introduction of the South Korea Cashmere Garment 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 Garment Market Outlook
Overview
Market Dynamics
Drivers
Restraints
Opportunities
Porters Five Force Model
Value Chain Analysis
5. South Korea Cashmere Garment Market, By Type
6. South Korea Cashmere Garment Market, By Application
7. South Korea Cashmere Garment Market, By Geography
Asia-Pacific
China
Japan
Korea
India
Australia
Indonesia
Thailand
Philippines
Malaysia and Vietnam
8. South Korea Cashmere Garment Market Competitive Landscape
Overview
Company Market Ranking
Key Development Strategies
9. Company Profiles
10. Appendix
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