Cashmere Clothing Market Size, Share, Growth and Global Industry Analysis By Type & Application, Regional Insights and Forecast to 2024-2032
Growth Factors of Cashmere Clothing Market
The cashmere clothing market size was valued at USD 3.33 billion in 2023, and the market is now projected to grow from USD 3.47 billion in 2024 to USD 4.93 billion by 2032, exhibiting a CAGR of 4.47% during the forecast period of 2024-2032.
The COVID-19 outbreak seriously impacted the global financial system, leading governments to impose lockdowns and restrictions that close production units and disrupted supply chains. Border closures constrained travel and transportation, affecting non-essential goods. Financial instability shifted purchaser demand from luxurious products to necessities, inflicting a massive decline within the cashmere apparel market.
The rising inclination toward casual wear, driven by means of fast urbanization, is increasing the cashmere apparel marketplace. The demand for cashmere garments has multiplied because of their lightweight, heat, and comfortable homes. Casualization has appreciably motivated worldwide customer demand, improving the popularity of cashmere in the style enterprise.
Growing consumer desire for eco-aware clothes is fueling market increase. Sustainability traits are altering shopping for conduct, with clients prioritizing style selections primarily based on environmental effect. Eco-recognition includes transparency in production, from raw materials to recycling. This shift is riding enterprise gamers to develop inexperienced options to keep their client base.
Comprehensive Analysis of Cashmere Clothing Market
The cashmere clothing market growth is rising at an exponential rate due to its market segmentation. This marketplace growth efficiently gives a detailed nearby test thinking about the dominant deliver and call for forces that impact the enterprise. These segmentations are methodically segregated by product analysis, by demography analysis, by distribution channel analysis. By product analysis include, sweaters & coats, bottom wear, shirts & t-shirts, and others. By demography analysis include, men, women, and kids' cashmere clothing. By distribution channel analysis include, online and offline.
The Europe region lead the cashmere clothing market share by benefitting a market size of USD 1.34 billion in 2023 due to the climate change leads to growing unpredictable weather patterns.
The top players within the marketplace play an important position within the industry assuring market increase and putting market requirements. These players include, Burberry Group plc. (U.K.), Brunello Cucinelli S.p.A. (Italy), Ermenegildo Zegna Holditalia S.p.A. (Italy), Hermès International S.A. (France), LVMH Moet Hennessy Louis Vuitton SE (France), White + Warren (U.S.), NakedCashmere (U.S.), Autumn Cashmere Inc. (U.S.), Huzhou Zhenbei Cashmere Products Co. Ltd. (China), Kering S.A. (France) these market players provide a level-playing competitive landscape.
In September 2022, UNIQLO cashmere launched new 3D cashmere knits made from pure cashmere, crafted using WHOLEGARMENT® Japanese knitting technology to meet growing demand among women.
Segmentation Table
ATTRIBUTE DETAILS
Study Period 2019-2032
Base Year 2023
Estimated Year 2024
Forecast Period 2024-2032
Historical Period 2019-2022
Growth Rate CAGR of 4.47% over 2024 to 2032
Unit Value (USD Billion)
Segmentation By Product
Sweaters and Coats
Bottom wear
Shirts & T-shirts
Others
By Demography
Men
Women
Kids
Other
By Distribution Channel
Online
Offline
North America (By Product, Demography, Distribution Channel, and Country)
- U.S. (By Product)
- Canada (By Product)
- Mexico (By Product)
Europe (By Product, Demography, Distribution Channel, and Country)
- Germany (By Product)
- U.K. (By Product)
- France (By Product)
- Italy (By Product)
- Spain (By Product)
- Rest of Europe (By Product)
Asia Pacific (By Product, Demography, Distribution Channel, and Country)
- China (By Product)
- India (By Product)
- Japan (By Product)
- Australia (By Product)
- Rest of Asia Pacific (By Product)
South America (By Product, Demography, Distribution Channel, and Country)
- Brazil (By Product)
- Argentina (By Product)
- Rest of South America (By Product)
Middle East and Africa (By Product, Demography, Distribution Channel, and Country)
- South Africa (By Product)
- UAE (By Product)
- Rest of Middle East & Africa (By Product)
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- 1. Introduction
- 1.1. Research Scope
- 1.2. Market Segmentation
- 1.3. Research Methodology
- 1.4. Definitions and Assumptions
- 2. Executive Summary
- 3. Market Dynamics
- 3.1. Market Drivers
- 3.2. Market Restraints
- 3.3. Market Opportunities
- 3.4. Market Trends
- 4. Key Insights
- 4.1. Overview of the Luxury Clothing Markets
- 4.2. Supply Chain and Regulatory Landscape
- 4.3. Industry SWOT Analysis
- 4.4. Recent Industry Developments - Policies, Partnerships, New Demography Launches, and Mergers & Acquisitions
- 4.5. Impact of COVID on the Cashmere Clothing Market
- 4.5.1. Impact of COVID-19
- 4.5.2. Supply Chain Challenges
- 4.5.3. Potential Opportunities due to COVID-19
- 5. Global Cashmere Clothing Market Analysis, Insights and Forecast, 2019-2032
- 5.1. Key Findings / Summary
- 5.2. Market Size Estimates and Forecast
- 5.2.1. By Product (Value)
- 5.2.1.1. Sweaters and Coats
- 5.2.1.2. Bottom Wear
- 5.2.1.3. Shirts and T-shirts
- 5.2.1.4. Others
- 5.2.2. By Demography (Value)
- 5.2.2.1. Men
- 5.2.2.2. Women
- 5.2.2.3. Kids
- 5.2.3. By Distribution Channel (Value)
- 5.2.3.1. Online
- 5.2.3.2. Offline
- 5.2.4. By Region (Value)
- 5.2.4.1. North America
- 5.2.4.2. Europe
- 5.2.4.3. Asia Pacific
- 5.2.4.4. South America
- 5.2.4.5. Middle East & Africa
- 6. North America Cashmere Clothing Market Analysis, Insights and Forecast, 2019-2032
- 6.1. Key Findings / Summary
- 6.2. Market Size Estimates and Forecast
- 6.2.1. By Product (Value)
- 6.2.1.1. Sweaters and Coats
- 6.2.1.2. Bottom Wear
- 6.2.1.3. Shirts and T-shirts
- 6.2.1.4. Others
- 6.2.2. By Demography (Value)
- 6.2.2.1. Men
- 6.2.2.2. Women
- 6.2.2.3. Kids
- 6.2.3. By Distribution Channel (Value)
- 6.2.3.1. Online
- 6.2.3.2. Offline
- 6.2.4. By Country (Value)
- 6.2.4.1. U.S
- 6.2.4.1.1. By Product (Value)
- 6.2.4.1.1.1. Sweters and Coats
- 6.2.4.1.1.2. Bottom Wear
- 6.2.4.1.1.3. Shirts and T-shirts
- 6.2.4.1.1.4. Others
- 6.2.4.2. Canada
- 6.2.4.2.1. By Product (Value)
- 6.2.4.2.1.1. Sweters and Coats
- 6.2.4.2.1.2. Bottom Wear
- 6.2.4.2.1.3. Shirts and T-shirts
- 6.2.4.2.1.4. Others
- 6.2.4.3. Mexico
- 6.2.4.3.1. By Product (Value)
- 6.2.4.3.1.1. Sweters and Coats
- 6.2.4.3.1.2. Bottom Wear
- 6.2.4.3.1.3. Shirts and T-shirts
- 6.2.4.3.1.4. Others
- 7. Europe Cashmere Clothing Market Analysis, Insights and Forecast, 2019-2032
- 7.1. Key Findings / Summary
- 7.2. Market Size Estimates and Forecast
- 7.2.1. By Product (Value)
- 7.2.1.1. Sweaters and Coats
- 7.2.1.2. Bottom Wear
- 7.2.1.3. Shirts and T-shirts
- 7.2.1.4. Others
- 7.2.2. By Demography (Value)
- 7.2.2.1. Men
- 7.2.2.2. Women
- 7.2.2.3. Kids
- 7.2.3. By Distribution Channel (Value)
- 7.2.3.1. Online
- 7.2.3.2. Offline
- 7.2.4. By Country (Value)
- 7.2.4.1. U.K.
- 7.2.4.1.1. By Product (Value)
- 7.2.4.1.1.1. Sweters and Coats
- 7.2.4.1.1.2. Bottom Wear
- 7.2.4.1.1.3. Shirts and T-shirts
- 7.2.4.1.1.4. Others
- 7.2.4.2. France
- 7.2.4.2.1. By Product (Value)
- 7.2.4.2.1.1. Sweters and Coats
- 7.2.4.2.1.2. Bottom Wear
- 7.2.4.2.1.3. Shirts and T-shirts
- 7.2.4.2.1.4. Others
- 7.2.4.3. Germany
- 7.2.4.3.1. By Product (Value)
- 7.2.4.3.1.1. Sweters and Coats
- 7.2.4.3.1.2. Bottom Wear
- 7.2.4.3.1.3. Shirts and T-shirts
- 7.2.4.3.1.4. Others
- 7.2.4.4. Italy
- 7.2.4.4.1. By Product (Value)
- 7.2.4.4.1.1. Sweters and Coats
- 7.2.4.4.1.2. Bottom Wear
- 7.2.4.4.1.3. Shirts and T-shirts
- 7.2.4.4.1.4. Others
- 7.2.4.5. Spain
- 7.2.4.5.1. By Product (Value)
- 7.2.4.5.1.1. Sweters and Coats
- 7.2.4.5.1.2. Bottom Wear
- 7.2.4.5.1.3. Shirts and T-shirts
- 7.2.4.5.1.4. Others
- 7.2.4.6. Rest of Europe
- 7.2.4.6.1. By Product (Value)
- 7.2.4.6.1.1. Sweters and Coats
- 7.2.4.6.1.2. Bottom Wear
- 7.2.4.6.1.3. Shirts and T-shirts
- 7.2.4.6.1.4. Others
- 8. Asia Pacific Cashmere Clothing Market Analysis, Insights and Forecast, 2019-2032
- 8.1. Key Findings / Summary
- 8.2. Market Size Estimates and Forecast
- 8.2.1. By Product (Value)
- 8.2.1.1. Sweaters and Coats
- 8.2.1.2. Bottom Wear
- 8.2.1.3. Shirts and T-shirts
- 8.2.1.4. Others
- 8.2.2. By Demography (Value)
- 8.2.2.1. Men
- 8.2.2.2. Women
- 8.2.2.3. Kids
- 8.2.3. By Distribution Channel (Value)
- 8.2.3.1. Online
- 8.2.3.2. Offline
- 8.2.4. By Country (Value)
- 8.2.4.1. China
- 8.2.4.1.1. By Product (Value)
- 8.2.4.1.1.1. Sweters and Coats
- 8.2.4.1.1.2. Bottom Wear
- 8.2.4.1.1.3. Shirts and T-shirts
- 8.2.4.1.1.4. Others
- 8.2.4.2. Japan
- 8.2.4.2.1. By Product (Value)
- 8.2.4.2.1.1. Sweters and Coats
- 8.2.4.2.1.2. Bottom Wear
- 8.2.4.2.1.3. Shirts and T-shirts
- 8.2.4.2.1.4. Others
- 8.2.4.3. India
- 8.2.4.3.1. By Product (Value)
- 8.2.4.3.1.1. Sweters and Coats
- 8.2.4.3.1.2. Bottom Wear
- 8.2.4.3.1.3. Shirts and T-shirts
- 8.2.4.3.1.4. Others
- 8.2.4.4. Australia
- 8.2.4.4.1. By Product (Value)
- 8.2.4.4.1.1. Sweters and Coats
- 8.2.4.4.1.2. Bottom Wear
- 8.2.4.4.1.3. Shirts and T-shirts
- 8.2.4.4.1.4. Others
- 8.2.4.5. Rest of Asia Pacific
- 8.2.4.5.1. By Product (Value)
- 8.2.4.5.1.1. Sweters and Coats
- 8.2.4.5.1.2. Bottom Wear
- 8.2.4.5.1.3. Shirts and T-shirts
- 8.2.4.5.1.4. Others
- 9. South America Cashmere Clothing Market Analysis, Insights and Forecast, 2019-2032
- 9.1. Key Findings / Summary
- 9.2. Market Size Estimates and Forecast
- 9.2.1. By Product (Value)
- 9.2.1.1. Sweaters and Coats
- 9.2.1.2. Bottom Wear
- 9.2.1.3. Shirts and T-shirts
- 9.2.1.4. Others
- 9.2.2. By Demography (Value)
- 9.2.2.1. Men
- 9.2.2.2. Women
- 9.2.2.3. Kids
- 9.2.3. By Distribution Channel (Value)
- 9.2.3.1. Online
- 9.2.3.2. Offline
- 9.2.4. By Country (Value)
- 9.2.4.1. Brazil
- 9.2.4.1.1. By Product (Value)
- 9.2.4.1.1.1. Sweters and Coats
- 9.2.4.1.1.2. Bottom Wear
- 9.2.4.1.1.3. Shirts and T-shirts
- 9.2.4.1.1.4. Others
- 9.2.4.2. Argentina
- 9.2.4.2.1. By Product (Value)
- 9.2.4.2.1.1. Sweters and Coats
- 9.2.4.2.1.2. Bottom Wear
- 9.2.4.2.1.3. Shirts and T-shirts
- 9.2.4.2.1.4. Others
- 9.2.4.3. Rest of South America
- 9.2.4.3.1. By Product (Value)
- 9.2.4.3.1.1. Sweters and Coats
- 9.2.4.3.1.2. Bottom Wear
- 9.2.4.3.1.3. Shirts and T-shirts
- 9.2.4.3.1.4. Others
- 10. Middle East & Africa Cashmere Clothing Market Analysis, Insights and Forecast, 2019-2032
- 10.1. Key Findings / Summary
- 10.2. Market Size Estimates and Forecast
- 10.2.1. By Product (Value)
- 10.2.1.1. Sweaters and Coats
- 10.2.1.2. Bottom Wear
- 10.2.1.3. Shirts and T-shirts
- 10.2.1.4. Others
- 10.2.2. By Demography (Value)
- 10.2.2.1. Men
- 10.2.2.2. Women
- 10.2.2.3. Kids
- 10.2.3. By Distribution Channel (Value)
- 10.2.3.1. Online
- 10.2.3.2. Offline
- 10.2.4. By Country (Value)
- 10.2.4.1. South Africa
- 10.2.4.1.1. By Product (Value)
- 10.2.4.1.1.1. Sweters and Coats
- 10.2.4.1.1.2. Bottom Wear
- 10.2.4.1.1.3. Shirts and T-shirts
- 10.2.4.1.1.4. Others
- 10.2.4.2. UAE
- 10.2.4.2.1. By Product (Value)
- 10.2.4.2.1.1. Sweters and Coats
- 10.2.4.2.1.2. Bottom Wear
- 10.2.4.2.1.3. Shirts and T-shirts
- 10.2.4.2.1.4. Others
- 10.2.4.3. Rest of Middle East & Africa
- 10.2.4.3.1. By Product (Value)
- 10.2.4.3.1.1. Sweters and Coats
- 10.2.4.3.1.2. Bottom Wear
- 10.2.4.3.1.3. Shirts and T-shirts
- 10.2.4.3.1.4. Others
- 11. Competitive Matrix
- 11.1. Business Strategies Adopted by Leading Players
- 11.2. Global Cashmere Clothing Market Revenue Share/Ranking Analysis, By Key Manufacturers
- 12. Company Profiles
- 12.1. Burberry Group plc.
- 12.1.1. Overview
- 12.1.2. Description
- 12.1.3. Demography Portfolio
- 12.1.4. Financials (Data as available in public domain and/or on paid databases)
- 12.1.5. Recent Developments
- 12.2. Brunello Cucinelli S.p.A.
- 12.2.1. Overview
- 12.2.2. Description
- 12.2.3. Demography Portfolio
- 12.2.4. Financials (Data as available in public domain and/or on paid databases)
- 12.2.5. Recent Developments
- 12.3. Ermenegildo Zegna Holditalia S.p.A.
- 12.3.1. Overview
- 12.3.2. Description
- 12.3.3. Demography Portfolio
- 12.3.4. Financials (Data as available in public domain and/or on paid databases)
- 12.3.5. Recent Developments
- 12.4. Herms International S.A.
- 12.4.1. Overview
- 12.4.2. Description
- 12.4.3. Demography Portfolio
- 12.4.4. Financials (Data as available in public domain and/or on paid databases)
- 12.4.5. Recent Developments
- 12.5. LVMH Moet Hennessy Louis Vuitton SE
- 12.5.1. Overview
- 12.5.2. Description
- 12.5.3. Demography Portfolio
- 12.5.4. Financials (Data as available in public domain and/or on paid databases)
- 12.5.5. Recent Developments
- 12.6. White + Warren
- 12.6.1. Overview
- 12.6.2. Description
- 12.6.3. Demography Portfolio
- 12.6.4. Financials (Data as available in public domain and/or on paid databases)
- 12.6.5. Recent Developments
- 12.7. NakedCashmere
- 12.7.1. Overview
- 12.7.2. Description
- 12.7.3. Demography Portfolio
- 12.7.4. Financials (Data as available in public domain and/or on paid databases)
- 12.7.5. Recent Developments
- 12.8. Autumn Cashmere Inc.
- 12.8.1. Overview
- 12.8.2. Description
- 12.8.3. Demography Portfolio
- 12.8.4. Financials (Data as available in public domain and/or on paid databases)
- 12.8.5. Recent Developments
- 12.9. Huzhou Zhenbei Cashmere Products Co. Ltd.
- 12.9.1. Overview
- 12.9.2. Description
- 12.9.3. Demography Portfolio
- 12.9.4. Financials (Data as available in public domain and/or on paid databases)
- 12.9.5. Recent Developments
- 12.10. Kering S.A.
- 12.10.1. Overview
- 12.10.2. Description
- 12.10.3. Demography Portfolio
- 12.10.4. Financials (Data as available in public domain and/or on paid databases)
- 12.10.5. Recent Developments
- 13. Strategic Recommendations
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