What is Global Cashmere Garment Market?
The Global Cashmere Garment Market is a vast and dynamic sector that encompasses the production, distribution, and sale of cashmere garments worldwide. Cashmere, known for its luxurious feel and high-quality, is a type of wool obtained from cashmere goats. The global market for these garments is extensive, catering to a diverse range of consumers with varying tastes and preferences. The market's value was estimated at US$ 2993 million in 2023, and it's projected to grow to US$ 3774.7 million by 2030. This growth is driven by factors such as increasing consumer demand for high-quality, luxurious garments, and the expanding middle-class population in emerging economies. The market is also influenced by trends in fashion and clothing, which can significantly impact demand for different types of cashmere garments.
Sweater, Coats, Trousers, Dresses, Others in the Global Cashmere Garment Market:
The Global Cashmere Garment Market is segmented into various product types, including sweaters, coats, trousers, dresses, and others. Each of these segments contributes to the overall market in different ways. Sweaters, for instance, are the largest segment, accounting for about 35% of the market. This is likely due to their versatility and the comfort they provide in colder climates. Coats, on the other hand, are a staple in many wardrobes, offering both style and warmth. Trousers and dresses made from cashmere are also popular, providing a luxurious and comfortable option for both casual and formal wear. The 'others' category includes a variety of garments such as scarves, hats, and gloves.
Women, Men, Children in the Global Cashmere Garment Market:
The Global Cashmere Garment Market caters to a wide range of consumers, including women, men, and children. Each of these consumer groups has unique needs and preferences, influencing the types of cashmere garments they purchase. Women, for instance, are a significant consumer group in this market. They tend to buy a variety of cashmere garments, from sweaters and coats to dresses and trousers. Men, on the other hand, often prefer cashmere sweaters and coats. Children's cashmere garments are also gaining popularity, with parents increasingly seeking high-quality, comfortable clothing for their children.
Global Cashmere Garment Market Outlook:
In 2023, the Global Cashmere Garment Market was valued at US$ 2993 million. It's projected to grow at a compound annual growth rate (CAGR) of 3.3% from 2024 to 2030, reaching an estimated value of US$ 3774.7 million. This growth is driven by various factors, including increasing consumer demand for luxury garments and the expanding middle-class population in emerging economies. The top five manufacturers globally hold about 30% of the market share, indicating a relatively concentrated market. In terms of product types, sweaters are the largest segment, accounting for about 35% of the market.
| Report Metric | Details |
| Report Name | Cashmere Garment Market |
| Accounted market size in 2023 | US$ 2993 million |
| Forecasted market size in 2030 | US$ 3774.7 million |
| CAGR | 3.3% |
| Base Year | 2023 |
| Forecasted years | 2024 - 2030 |
| Segment by Type |
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| Segment by Application |
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| Consumption by Region |
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| By Company | Loro Piana, Brunello Cucinelli, Ermenegildo Zegna, Black Goat Cashmere, Malo, Alyki, Pringle of Scotland, SofiaCashmere, Autumn Cashmere, TSE, Ballantyne, Birdie Cashmere, Maiyet, Gobi, GOYO, Cashmere Holding, Erdos Group, Hengyuanxiang, Kingdeer, Snow Lotus, Zhenbei Cashmere |
| Forecast units | USD million in value |
| Report coverage | Revenue and volume forecast, company share, competitive landscape, growth factors and trends |
