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A 7.2% CAGR is projected for the global cashmere clothing market between 2017 and 2022, when it will be worth $2,068.69 million.
Cashmere yarn is used to create cashmere apparel items because to its superior strength, weight, smoothness, and fineness compared to other types of wool. Its high water content makes it easier to adjust to different temperatures, and it also improves the product's visual appeal. These qualities have helped propel the market for cashmere goods.
The increasing demand for cashmere apparel is being fueled by the expanding popularity of products like fine and perfect woolen clothes. Fabrics crafted from cashmere yarn are known as cashmere. This variety of wool is superior to others in terms of fineness, softness, weight, and strength. Because of its high moisture content, it is adaptable to a wide range of temperatures and can be used to great aesthetic effect. As a result, the sum of these factors is predicted to increase demand for the product over the projection horizon.
Cashmere, like other wools, is spun from the fibers of goats known as cashmere goats. This species of goat originated in the Gobi Desert and Central Asia. Cashmere is often regarded as among the finest wools available today. Most cashmere comes from China and Mongolia, where the cold winters are ideal for the cashmere plant. Approximately 90% of the roughly 20,000 tons of yearly cashmere wool production comes from China, Mongolia, and Tibet, according to FOUR PAWS International, a global animal welfare organization. More than a hundred billion goats are utilized in the production process as well. Sweaters, coats, pants, joggers, shirts, and t-shirts are just few of the many winter items that may be crafted from cashmere wool.
There is a greater variety of winter attire available from market players due to the fact that cashmere clothing is so extraordinarily soft, insulating, and warm. Moreover, cashmere fiber apparel is both warmer and lighter than sheepskin garments. Due to the fineness and lightness of cashmere fibers, they can be easily combined with heavier yarns like Marino wool to increase the strength and longevity of finished clothing.
As a result of the global lockdowns instituted in response to the COVID-19 outbreak, the cashmere garment industry experienced significant interruptions to its supply chain. There was a worldwide disruption in the manufacturing and selling of cashmere as a result of the epidemic, impacting both online and offline markets. For instance, between February and April of 2020, ShipBob, a tech-enabled third-party logistics service provider, had a 20% month-over-month drop in volume from handling e-commerce orders for direct-to-consumer companies and the online garment sales of more than 3000 merchants.
Today's shoppers are more conscientious than ever about every dollar they spend, so they either don't buy luxury items like cashmere or make the most of what they already have. This is one of the primary causes of the decline in product demand. Since the spread of COVID-19, it is predicted that consumer spending in the U.K. garment industry will fall by more than 41 percent.
One of the most notable consumer trends is a focus on environmental sustainability. Sustainability has recently influenced a shift in consumer preferences. Consumers that are environmentally aware are rethinking their purchasing habits in light of the fashion industry's effects on the globe. An eco-friendly business is one that is open about every step of the production cycle, from sourcing of raw materials to distribution and recycling. Eco-friendly clothing is increasingly becoming an important factor for today's consumers. This has prompted businesses in the sector to develop eco-friendly substitutes in an effort to keep customers.
Customers with a focus on sustainability are driving demand for secondhand, upcycled, and recycled garments. When we talk about eco-fashion, we're not only talking about making and selling clothes in a sustainable way; we're talking about the entire garment life cycle, from creation to disposal. As a result, cashmere wool clothing retailers have been releasing new products created from recycled materials. The growth of the market will be fueled in part by these initiatives during the next few years. Paradis Perdus, a line of knitwear designed by French fashion designer Thomas Poli and produced exclusively from recycled materials, debuted in November 2020.
Report Coverage
Global Cashmere Clothing research report categorizes the market for global based on various segments and regions, forecasts revenue growth, and analyzes trends in each submarket. Global Cashmere Clothing report analyses the key growth drivers, opportunities, and challenges influencing the global market. Recent market developments and Cashmere Clothing competitive strategies such as expansion, product launch and development, partnership, merger, and acquisition have been included to draw the competitive landscape in the market. The report strategically identifies and profiles the key Cashmere Clothing market players and analyses their core competencies in each global market sub-segments.
Key Points Covered in the Report
Competitive Environment:
The research provides an accurate study of the major organisations and companies operating in the global Cashmere Clothing market, along with a comparative evaluation based on their product portfolios, corporate summaries, geographic reach, business plans, Cashmere Clothing market shares in specific segments, and SWOT analyses. A detailed analysis of the firms' recent news and developments, such as product development, inventions, joint ventures, partnerships, mergers and acquisitions, strategic alliances, and other activities, is also included in the study. This makes it possible to assess the level of market competition as a whole.
List of Major Market Participants
Loro Piana S.p.a (Italy), Brunello Cucinelli SpA (Italy), Ermenegildo Zegna Group (Italy), Malo (Italy), Pringle of Scotland (U.K.), SOFIACASHMERE (U.S.), Autumn Cashmere (U.S.), BALLANTYNE (U.S.), Birdie Cashmere (U.K.), Maiyet (U.S.), Gobi (China), Cashmere Holdings Company (China), Erdos Group (China), Hengyuanxiang(China), Kingdeer (China), Huzhou Zhenbei Cashmere Products Co., Ltd.(China), NatureKnit (Nepal) and Invisible World (U.S.)
Primary Target Market
Market Segment:
This study forecasts global, regional, and country revenue from 2019 to 2030. INFINITIVE DATA EXPERT has segmented the global Cashmere Clothing market based on the below-mentioned segments:
Global Cashmere Clothing Market, By Product
Sweaters & Coats
Pants & Trousers
Tees & Polo
Others
Global Cashmere Clothing market, By Distribution Channel
Supermarkets and Hypermarkets
Specialty Stores
Online Retail
Others
Global Cashmere Clothing Market, By End User
Men
Women
Children
Global Cashmere Clothing market, Regional Analysis
Cashmere yarn is used to create cashmere apparel items because to its superior strength, weight, smoothness, and fineness compared to other types of wool. Its high water content makes it easier to adjust to different temperatures, and it also improves the product's visual appeal. These qualities have helped propel the market for cashmere goods.
The increasing demand for cashmere apparel is being fueled by the expanding popularity of products like fine and perfect woolen clothes. Fabrics crafted from cashmere yarn are known as cashmere. This variety of wool is superior to others in terms of fineness, softness, weight, and strength. Because of its high moisture content, it is adaptable to a wide range of temperatures and can be used to great aesthetic effect. As a result, the sum of these factors is predicted to increase demand for the product over the projection horizon.
Cashmere, like other wools, is spun from the fibers of goats known as cashmere goats. This species of goat originated in the Gobi Desert and Central Asia. Cashmere is often regarded as among the finest wools available today. Most cashmere comes from China and Mongolia, where the cold winters are ideal for the cashmere plant. Approximately 90% of the roughly 20,000 tons of yearly cashmere wool production comes from China, Mongolia, and Tibet, according to FOUR PAWS International, a global animal welfare organization. More than a hundred billion goats are utilized in the production process as well. Sweaters, coats, pants, joggers, shirts, and t-shirts are just few of the many winter items that may be crafted from cashmere wool.
There is a greater variety of winter attire available from market players due to the fact that cashmere clothing is so extraordinarily soft, insulating, and warm. Moreover, cashmere fiber apparel is both warmer and lighter than sheepskin garments. Due to the fineness and lightness of cashmere fibers, they can be easily combined with heavier yarns like Marino wool to increase the strength and longevity of finished clothing.
As a result of the global lockdowns instituted in response to the COVID-19 outbreak, the cashmere garment industry experienced significant interruptions to its supply chain. There was a worldwide disruption in the manufacturing and selling of cashmere as a result of the epidemic, impacting both online and offline markets. For instance, between February and April of 2020, ShipBob, a tech-enabled third-party logistics service provider, had a 20% month-over-month drop in volume from handling e-commerce orders for direct-to-consumer companies and the online garment sales of more than 3000 merchants.
Today's shoppers are more conscientious than ever about every dollar they spend, so they either don't buy luxury items like cashmere or make the most of what they already have. This is one of the primary causes of the decline in product demand. Since the spread of COVID-19, it is predicted that consumer spending in the U.K. garment industry will fall by more than 41 percent.
One of the most notable consumer trends is a focus on environmental sustainability. Sustainability has recently influenced a shift in consumer preferences. Consumers that are environmentally aware are rethinking their purchasing habits in light of the fashion industry's effects on the globe. An eco-friendly business is one that is open about every step of the production cycle, from sourcing of raw materials to distribution and recycling. Eco-friendly clothing is increasingly becoming an important factor for today's consumers. This has prompted businesses in the sector to develop eco-friendly substitutes in an effort to keep customers.
Customers with a focus on sustainability are driving demand for secondhand, upcycled, and recycled garments. When we talk about eco-fashion, we're not only talking about making and selling clothes in a sustainable way; we're talking about the entire garment life cycle, from creation to disposal. As a result, cashmere wool clothing retailers have been releasing new products created from recycled materials. The growth of the market will be fueled in part by these initiatives during the next few years. Paradis Perdus, a line of knitwear designed by French fashion designer Thomas Poli and produced exclusively from recycled materials, debuted in November 2020.
Report Coverage
Global Cashmere Clothing research report categorizes the market for global based on various segments and regions, forecasts revenue growth, and analyzes trends in each submarket. Global Cashmere Clothing report analyses the key growth drivers, opportunities, and challenges influencing the global market. Recent market developments and Cashmere Clothing competitive strategies such as expansion, product launch and development, partnership, merger, and acquisition have been included to draw the competitive landscape in the market. The report strategically identifies and profiles the key Cashmere Clothing market players and analyses their core competencies in each global market sub-segments.
| REPORT ATTRIBUTES | DETAILS |
|---|---|
| Study Period | 2017-2030 |
| Base Year | 2022 |
| Forecast Period | 2022-2030 |
| Historical Period | 2017-2021 |
| Unit | Value (USD Billion) |
| Key Companies Profiled | Loro Piana S.p.a (Italy), Brunello Cucinelli SpA (Italy), Ermenegildo Zegna Group (Italy), Malo (Italy), Pringle of Scotland (U.K.), SOFIACASHMERE (U.S.), Autumn Cashmere (U.S.), BALLANTYNE (U.S.), Birdie Cashmere (U.K.), Maiyet (U.S.), Gobi (China), Cashmere Holdings Company (China), Erdos Group (China), Hengyuanxiang(China), Kingdeer (China), Huzhou Zhenbei Cashmere Products Co., Ltd.(China), NatureKnit (Nepal) and Invisible World (U.S.) |
| Segments Covered | • By Product |
| Customization Scope | Free report customization (equivalent to up to 3 analyst working days) with purchase. Addition or alteration to country, regional & segment scope |
Key Points Covered in the Report
- Market Revenue of Cashmere Clothing Market from 2021 to 2030.
- Market Forecast for Cashmere Clothing Market from 2021 to 2030.
- Regional Market Share and Revenue from 2021 to 2030.
- Country Market share within region from 2021 to 2030.
- Key Type and Application Revenue and forecast.
- Company Market Share Analysis, Cashmere Clothing competitive scenario, ranking, and detailed company
profiles. - Market driver, restraints, and detailed COVID-19 impact on Cashmere Clothing
Market
Competitive Environment:
The research provides an accurate study of the major organisations and companies operating in the global Cashmere Clothing market, along with a comparative evaluation based on their product portfolios, corporate summaries, geographic reach, business plans, Cashmere Clothing market shares in specific segments, and SWOT analyses. A detailed analysis of the firms' recent news and developments, such as product development, inventions, joint ventures, partnerships, mergers and acquisitions, strategic alliances, and other activities, is also included in the study. This makes it possible to assess the level of market competition as a whole.
List of Major Market Participants
Loro Piana S.p.a (Italy), Brunello Cucinelli SpA (Italy), Ermenegildo Zegna Group (Italy), Malo (Italy), Pringle of Scotland (U.K.), SOFIACASHMERE (U.S.), Autumn Cashmere (U.S.), BALLANTYNE (U.S.), Birdie Cashmere (U.K.), Maiyet (U.S.), Gobi (China), Cashmere Holdings Company (China), Erdos Group (China), Hengyuanxiang(China), Kingdeer (China), Huzhou Zhenbei Cashmere Products Co., Ltd.(China), NatureKnit (Nepal) and Invisible World (U.S.)
Primary Target Market
- Market Players of Cashmere Clothing
- Investors
- End-users
- Government Authorities
- Consulting And Research Firm
- Venture capitalists
- Third-party knowledge providers
- Value-Added Resellers (VARs)
Market Segment:
This study forecasts global, regional, and country revenue from 2019 to 2030. INFINITIVE DATA EXPERT has segmented the global Cashmere Clothing market based on the below-mentioned segments:
Global Cashmere Clothing Market, By Product
Sweaters & Coats
Pants & Trousers
Tees & Polo
Others
Global Cashmere Clothing market, By Distribution Channel
Supermarkets and Hypermarkets
Specialty Stores
Online Retail
Others
Global Cashmere Clothing Market, By End User
Men
Women
Children
Global Cashmere Clothing market, Regional Analysis
- Europe: Germany, Uk, France, Italy, Spain, Russia, Rest of Europe
- The Asia Pacific: China,Japan,India,South Korea,Australia,Rest of Asia Pacific
- South America: Brazil, Argentina, Rest of South America
- Middle East & Africa: UAE, Saudi Arabia, Qatar, South Africa, Rest of Middle East & Africa
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