Cashmere Clothing Market

Global Cashmere Clothing Market Size, Share & Trends Analysis Report By End User (Women and Men), By Product, By Distribution Channel, By Regional Outlook and Forecast, 2024 - 2031

Report Id: KBV-23053 Publication Date: June-2024 Number of Pages: 281
2023
USD 2.7 Billion
2031
USD 4.2 Billion
CAGR
6%
Historical Data
2020 to 2022

Market Report Description

The Global Cashmere Clothing Market size is expected to reach $4.2 billion by 2031, rising at a market growth of 6 % CAGR during the forecast period. In the year 2023, the market attained a volume of 11,850.9thousand units, experiencing a growth of 18.2% (2020-2023).

Tees and polos made from cashmere offer year-round versatility, unlike sweaters and coats that are typically seasonal. Thus, the Tees and polos segment acquired 17.8% revenue share in the market 2023. In terms of volume the Tees and polos segment would attain a volume of 5,741.6 thousand units by 2031. Lightweight cashmere tees and polos can be worn in various climates, making them suitable for different times of the year. This versatility appeals to consumers looking for high-quality, comfortable clothing that they can wear in multiple settings.

Cashmere Clothing Market Size - Global Opportunities and Trends Analysis Report 2020-2031

Cashmere clothing, known for its luxurious feel, warmth, and softness, embodies timeless elegance that transcends fleeting fashion fads. As fashion trends evolve, consumers seek versatile wardrobe staples seamlessly transitioning between seasons and occasions.

Additionally, cashmere clothing, known for its softness, warmth, and durability, appeals to affluent consumers seeking luxury and exclusivity in their wardrobe choices. Hence, increasing disposable income worldwide is driving the growth of the market.

However, Cashmere production involves labor-intensive processes such as combing, sorting, and de-heiring the fine undercoat of cashmere goats. Skilled labor is required to perform these tasks, adding to the production costs associated with cashmere garments. Thus, the high production cost is hampering the market's growth.

Driving and Restraining Factors
Cashmere Clothing Market
  • Rapidly changing fashion trends
  • Innovations in production and design
  • Increasing disposable income worldwide
  • High cost of production
  • Seasonal demand for cashmere clothing
  • Rising demand in men's fashion
  • Growth of the e-commerce industry
  • Increasing competition from synthetic alternatives
  • Counterfeiting and brand dilution

End-user Outlook

On the basis of end-user, the market is segmented into men and women. The women segment recorded 55.9% revenue share in the market in 2023. In the terms of volume, the women segment would attain a volume of 10,416.9 thousand units by 2031. The women's fashion industry tends to be more diverse and innovative than men's.

Product Outlook

Based on product, the market is divided into sweaters & coats, pants & trousers, tees & polo, and others. In 2023, the pants & trousers segment attained 23.6% revenue share in the market. In terms of volume, the pants & trousers segment would attain a volume of 4,712.9 thousand units by 2030. Consumers are increasingly seeking comfort without sacrificing style, especially in their everyday attire.

Cashmere Clothing Market Share and Industry Analysis Report 2023

Distribution Channel Outlook

Based on distribution channel, the market is categorized into online and offline. In 2023, the offline segment registered 58% revenue share in the market. In terms of volume the offline segment would attain a volume of 9,467.5 by 2030. Cashmere is known for its luxurious feel and softness, qualities best appreciated through physical touch. Many consumers prefer to experience the texture and quality of cashmere garments in person before purchasing.

Free Valuable Insights: Global Cashmere Clothing Market size to reach USD 4.2 Billion by 2031

Regional Outlook

Region-wise, the market is analyzed across North America, Europe, Asia Pacific, and LAMEA. The North America region generated 26.7% revenue share in the market in 2023. In terms of volume North America region would attain a volume of 4,983.9 thousand units by 2031.North America, particularly the United States and Canada, has a high average disposable income. Consumers in this region have significant purchasing power, allowing them to afford luxury goods such as cashmere clothing.

Cashmere Clothing Market Report Coverage
Report Attribute Details
Market size value in 2023 USD 2.7 Billion
Market size forecast in 2031 USD 4.2 Billion
Base Year 2023
Historical Period 2020 to 2022
Forecast Period 2024 to 2031
Revenue Growth Rate CAGR of 6.0% from 2024 to 2031
Quantitative Data Volume in Thousand Units, Revenue in USD Billion, and CAGR from 2020 to 2031
Number of Pages 281
Number of Tables 670
Report coverage Market Trends, Revenue Estimation and Forecast, Segmentation Analysis, Regional and Country Breakdown, Porter’s 5 Forces Analysis, Company Profiling, Companies Strategic Developments, SWOT Analysis, Winning Imperatives
Segments covered Product, Distribution Channel, End-user, Region
Country scope
  • North America (US, Canada, Mexico, and Rest of North America)
  • Europe (Germany, UK, France, Russia, Spain, Italy, and Rest of Europe)
  • Asia Pacific (China, Japan, India, South Korea, Australia, Malaysia, and Rest of Asia Pacific)
  • LAMEA (Brazil, Argentina, UAE, Chile, South Africa, Morocco, and Rest of LAMEA)
Companies Included Loro Piana S.P.A. (LVMH), That's Alyki, Pringle of Scotland Limited, Kinross Cashmere (Dawson Forté Cashmere), Repeat Cashmere (The Repeat Group), Autumn Cashmere, Inc., White + Warren, 360Cashmere, TSE Cashmere (Cashmere House Inc.) and Brunello Cucinelli S.p.A.
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List of Key Companies Profiled

  • Loro Piana S.P.A. (LVMH)
  • That's Alyki
  • Pringle of Scotland Limited
  • Kinross Cashmere (Dawson Forté Cashmere)
  • Repeat Cashmere (The Repeat Group)
  • Autumn Cashmere, Inc.
  • White + Warren
  • 360Cashmere
  • TSE Cashmere (Cashmere House Inc.)
  • Brunello Cucinelli S.p.A.

Cashmere Clothing Market Report Segmentation

By End-user (Volume, Thousand Units, USD Billion, 2020-2031)

  • Women
  • Men

By Product (Volume, Thousand Units, USD Billion, 2020-2031)

  • Sweaters & Coats
  • Pants & Trousers
  • Tees & Polo
  • Others

By Distribution Channel (Volume, Thousand Units, USD Billion, 2020-2031)

  • Offline
  • Online

By Geography (Volume, Thousand Units, USD Billion, 2020-2031)

  • North America
    • US
    • Canada
    • Mexico
    • Rest of North America
  • Europe
    • Germany
    • UK
    • France
    • Russia
    • Spain
    • Italy
    • Rest of Europe
  • Asia Pacific
    • China
    • Japan
    • India
    • South Korea
    • Australia
    • Malaysia
    • Rest of Asia Pacific
  • LAMEA
    • Brazil
    • Argentina
    • UAE
    • Chile
    • South Africa
    • Morocco
    • Rest of LAMEA
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