Cashmere Clothing

Global Cashmere Clothing Market to Reach US$3.9 Billion by 2030

The global market for Cashmere Clothing estimated at US$2.9 Billion in the year 2024, is expected to reach US$3.9 Billion by 2030, growing at a CAGR of 5.3% over the analysis period 2024-2030. Cashmere Sweaters & Coats, one of the segments analyzed in the report, is expected to record a 5.9% CAGR and reach US$2.3 Billion by the end of the analysis period. Growth in the Cashmere Pants & Trousers segment is estimated at 4.9% CAGR over the analysis period.

The U.S. Market is Estimated at US$786.0 Million While China is Forecast to Grow at 8.4% CAGR

The Cashmere Clothing market in the U.S. is estimated at US$786.0 Million in the year 2024. China, the world`s second largest economy, is forecast to reach a projected market size of US$787.6 Million by the year 2030 trailing a CAGR of 8.4% over the analysis period 2024-2030. Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at a CAGR of 2.5% and 5.2% respectively over the analysis period. Within Europe, Germany is forecast to grow at approximately 3.4% CAGR.

Global Cashmere Clothing Market – Key Trends & Drivers Summarized

Why Is Cashmere Clothing Gaining Popularity?

Cashmere clothing has long been synonymous with luxury, comfort, and exclusivity. The increasing demand for premium and sustainable fashion is driving the expansion of the cashmere apparel market. Consumers are becoming more aware of the superior softness, insulation, and lightweight nature of cashmere, making it a preferred choice for high-end winter wear. The growing preference for natural fibers over synthetic materials is further reinforcing this trend, especially among environmentally conscious shoppers. Additionally, the rise of e-commerce and digital retailing has made luxury cashmere clothing more accessible to a broader audience. Online fashion platforms and direct-to-consumer brands are capitalizing on this trend by offering personalized and curated cashmere collections. Social media marketing, influencer collaborations, and virtual try-on technologies are also playing a crucial role in promoting cashmere clothing to a younger, tech-savvy demographic.

How Is Sustainability Influencing the Cashmere Clothing Market?

Sustainability has become a major focus for both consumers and manufacturers in the cashmere industry. Ethical sourcing of cashmere fibers, particularly from regions like Mongolia, China, and Nepal, is gaining traction as brands strive to maintain sustainable supply chains. Initiatives such as traceability programs and fair-trade practices are being implemented to ensure responsible cashmere production, minimizing the environmental impact and supporting local herders. Brands are also innovating with eco-friendly dyeing processes and recycled cashmere to reduce waste. The push for sustainable luxury is prompting leading fashion houses to adopt cruelty-free and regenerative farming techniques that protect both the environment and the livelihoods of herders. As sustainability-conscious consumers demand transparency, companies investing in responsible cashmere production are expected to gain a competitive edge in the market.

What Market Trends Are Shaping the Future of Cashmere Apparel?

Several emerging trends are shaping the cashmere clothing market, including the shift towards seasonless fashion. With advancements in textile manufacturing, brands are introducing lighter cashmere blends suitable for year-round wear. This diversification of product offerings, including cashmere loungewear, athleisure, and accessories, is expanding the market beyond traditional winter apparel. Another notable trend is the growing influence of customization and personalization in luxury fashion. High-end brands are offering bespoke cashmere garments with monogramming, embroidery, and tailored fits, catering to the demand for unique and exclusive pieces. Additionally, collaborations between designers and sustainable fashion startups are driving innovation, resulting in more contemporary and eco-conscious cashmere collections.

What Are the Key Growth Drivers in the Cashmere Clothing Market?

The growth in the Cashmere Clothing market is driven by several factors, including the increasing demand for high-quality natural fibers, the rise of sustainable and ethical fashion, and the expansion of e-commerce channels. The shift towards premiumization in fashion, where consumers seek long-lasting, investment-worthy pieces, is significantly boosting the demand for cashmere apparel. Furthermore, technological advancements in textile processing are enhancing the softness, durability, and breathability of cashmere fabrics, making them more versatile for different climates and lifestyles. The increasing disposable incomes in emerging markets, particularly in Asia-Pacific, are also contributing to the growth of the luxury cashmere segment. Additionally, digital marketing strategies and influencer endorsements are amplifying brand visibility, further propelling market expansion. As brands continue to innovate with sustainable practices, new product categories, and digital retail experiences, the cashmere clothing market is poised for steady growth, appealing to both luxury and eco-conscious consumers worldwide.

SCOPE OF STUDY:

The report analyzes the Cashmere Clothing market in terms of units by the following Segments, and Geographic Regions/Countries:

Segments:
Product (Cashmere Sweaters and Coats, Cashmere Pants and Trousers, Cashmere Tees and Polo, Other Products); Distribution Channel (Offline Distribution Channels, Online Distribution Channels); End-Use (Women End-Use, Men End-Use)

Geographic Regions/Countries:
World; United States; Canada; Japan; China; Europe (France; Germany; Italy; United Kingdom; Spain; Russia; and Rest of Europe); Asia-Pacific (Australia; India; South Korea; and Rest of Asia-Pacific); Latin America (Argentina; Brazil; Mexico; and Rest of Latin America); Middle East (Iran; Israel; Saudi Arabia; United Arab Emirates; and Rest of Middle East); and Africa.

Select Competitors (Total 44 Featured) -

• 360CASHMERE
• Autumn Cashmere
• Ballantyne
• Barrie Knitwear
• Brunello Cucinelli S.p.A.
• Cashmere Company
• Cruciani
• Eric Bompard
• Gobi Cashmere
• Hawico Scotland
• Johnstons of Elgin
• KINROSS CASHMERE
• LISA TODD
• Loro Piana S.p.A.
• Maison Cashmere
• N.Peal
• NAKEDCASHMERE
• Pringle of Scotland Ltd
• Pure Collection
• REPEAT cashmere

TARIFF IMPACT FACTOR

Our new release incorporates impact of tariffs on geographical markets as we predict a shift in competitiveness of companies based on HQ country, manufacturing base, exports and imports (finished goods and OEM). This intricate and multifaceted market reality will impact competitors by artificially increasing the COGS, reducing profitability, reconfiguring supply chains, amongst other micro and macro market dynamics.

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We expect this chaos to play out over the next 2-3 months and a new world order is established with more clarity. We are tracking these developments on a real time basis.

As we release this report, U.S. Trade Representatives are pushing their counterparts in 183 countries for an early closure to bilateral tariff negotiations. Most of the major trading partners also have initiated trade agreements with other key trading nations, outside of those in the works with the United States. We are tracking such secondary fallouts as supply chains shift.

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APRIL 2025: NEGOTIATION PHASE

Our April release addresses the impact of tariffs on the overall global market and presents market adjustments by geography. Our trajectories are based on historic data and evolving market impacting factors.

JULY 2025 FINAL TARIFF RESET

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