Global Cashmere Clothing Market Analysis, Drivers, Restraints, Opportunities, Threats, Trends, Applications, And Growth Forecast To 2029

                                          
Global Cashmere Clothing Market 2021: By Product Type (Sweaters & Coats, Pants & Trousers, Tees & Polo, Others), By End-User (Men, Women)

Global Cashmere Clothing Market is the title of an upcoming market research report at Trusted Business Insights. The market has been studied in depth to present vital data and information, including revenue share of each segment, region, and country, revenue growth driving factors, and restraints. In addition, potential revenue opportunities in untapped regions and economies, and threats are included. Key players and their details are presented in the company profile section of the report. The section comprises revenue and financial information and details, recent developments, strategies, acquisitions and mergers, and geographic reach and footprint. 

The Global Cashmere Clothing market size was valued at USD $2.87 Billion in 2020, USD $2.99 Billion in 2021, forecasted to reach  USD $3.11 Billion in 2022, and is projected to reach USD $4.23 Billion by 2030, and is anticipated to expand at a CAGR of 3.96% over the forecast period from 2020 to 2030.

Global Cashmere Clothing Market: Overview

Cashmere yarn is produced from fiber obtained from pashmina goats or cashmere goats and also other types of goats bred for fine wool. Cashmere clothing, garments, and apparel produced from cashmere yarn is high cost, and owning such products is often considered a luxury. The fiber is lighter, finer, and softer than other fibers, and provides better warmth than sheep wool apparel. Cashmere yarn is sourced predominantly from Kashmir, Nepal, and parts of Mongolia.

Global Cashmere Clothing Market: Dynamics

Popularity of and demand for cashmere clothing products has been increasing significantly in the recent past. Products are exported to many developed countries and are considered premium products.

Increasing demand for quality wear and adoption of fashionable clothing as well as luxury apparel globally are factors projected to continue to drive market growth. Increasing per-capita income among consumers in developing economies is another factor expected to contribute significantly to revenue growth. Cashmere yarn products include shawls, scarves, stoles, sweaters, pants, coats, etc.

Restraints: High cost and low availability of raw materials are among major factors restraining market growth. Cashmere yarn products are banned in countries such as the US owing to certain practices believed to be followed while farming Tibetan wild goats for yarn. The goats are believed to be trapped, farmed, and exploited for their fine wool. These are among some of the key factors expected to restrain market growth to a certain extent.

Global Cashmere Clothing Market Segment Analysis

By Product Type: Among the product type segments, the sweaters and coats segment is expected to account for highest revenue share over the next 10 years. This can be attributed to increasing demand for premium quality sweater and coats.

By End-User: Revenue from the men segment is expected to expand at a high growth rate as compared to other segments over the forecast period. Improving living standards and rising preference for premium products among male consumers are factors contributing to revenue growth of this segment.

Global Cashmere Clothing Market Regional Analysis:

The Europe market is expected to account for majority revenue share over the forecast period owing to increasing demand for premium products in countries such as the Scotland, Italy, and Germany. The Asia Pacific market is expected to register a steady growth rate in the foreseeable future. China accounts for major production and exports of cashmere clothing. Domestic consumption is also highest in the country. Chinas improving and rapidly growing economy in recent years and rising standard of living is projected to further support market growth.

Below are the leading companies profiled in this Cashmere Clothing Market Report:

  
Alessandra Cashmere
  
Alyki - Felice De Palma & C. - P.IVA
  
Ameri
  
Autumn Cashmere
  
Ballantyne
  
Brunello Cucinelli S.p.A.
  
Crown Cashmere
  
Ermenegildo Zegna Holditalia S.p.A.
  
Invisible World.
  
James Johnston & Company of Elgin Limited.
  
KINROSS CASHMERE
  
Kutenai Clothing
  
Loro Piana S.p.A
  
Malo
  
Naadam,
  
NatureKnit
  
NG Apparels
  
Orvis
  
Pringle of Scotland
  
Reformation
  
SofiaCashmere
  
The White Company

Global Cashmere Clothing Market Segmentation:

By Product Type

  
Sweaters & Coats
  
Pants & Trousers
  
Tees & Polo
  
Others

By End-User

  
Men
  
Women
This research comprehensively answers the following 9 important questions:

  
Q.1. What are some of the most promising growth trends in the Cashmere Clothing market worldwide?
  
Q.2.Which segments and sub-segments will grow at a faster pace and why? Which segment is nearing the peak and demand saturation?
  
Q.3.Which region will witness a higher growth rate and why? Which region might see a slower or negative growth region?
  
Q.4.What are the key factors affecting market dynamics? What are the drivers, challenges, and business risks in Cashmere Clothing market?
  
Q.5.What are the business risks and who pose challenges to the global leaders and are competitive threats in this Cashmere Clothing market?
  
Q.6.What are the emerging trends post COVID-19 reshuffle in this Cashmere Clothing market and the what are reasons behind these trends and do they translate in global exploration?
  
Q.7. Who are the major global and regional players in the Cashmere Clothing market? Which are the strategic initiatives key players are pursuing for business growth?
  
Q.8.Which are the competing products in Cashmere Clothing market and how big of a threat do they pose for loss of market share by material or product substitution?
  
Q.9.What M & A activity has occurred in the last 5 years and what is its impact on the Cashmere Clothing industry?