Product Code: GVR-3-68038-806-0
Cashmere Clothing Market Growth & Trends:
The global cashmere clothing market size is expected to reach USD 4.24 billion by 2030, growing at a CAGR of 6.2% from 2024 to 2030, according to a new report by Grand View Research, Inc. The market for cashmere clothing is experiencing robust growth, driven by a confluence of factors that reflect evolving consumer preferences and strategic efforts by manufacturers. Cashmere's reputation for superior quality has established it as a sought-after material, attracting individuals desiring heightened comfort in their fashion choices.
Manufacturers are responding to the shift toward sustainability and ethical practices by emphasizing responsible sourcing, contributing to the market's expansion among eco-conscious consumers. Innovative designs and modern silhouettes are revitalizing traditional cashmere styles, attracting a diverse consumer base, including younger demographics with a penchant for both classic and contemporary aesthetics. Seasonal adaptability, with lightweight options and designs for different climates, ensures year-round demand, further fueling market growth.
Moreover, the rise of online retail has exponentially increased the accessibility of cashmere clothing, offering a global market reach and convenience for consumers. Additionally, strategic collaborations and limited editions create exclusivity and desirability, contributing to heightened consumer interest. For instance, in September 2022, Zegna and The Elder Statesman launched a new cashmere collection called Oasi Cashmere, which is a fully traceable line embodying environmental and business consciousness. The collection features various items such as overshirts, coats, knits, pants, and shoes, appealing to customers seeking new luxury. The brand also collaborates with Real Madrid to create a sustainable travel wardrobe for the team, showcasing Zegna's commitment to sustainability and innovation in fashion.
Cashmere Clothing Market Report Highlights:
- Based on end-user, women cashmere clothing accounted for a share of 58.8% of the global revenues in 2023. Cashmere shawls and scarves have been popular among women across the globe. Numerous players are now introducing unique and innovative designs and patterns, which will further boost market growth. There is also a growing demand for functionality and design when it comes to cashmere clothing for women.
- Based on product, the cashmere tees & polo market is anticipated to grow at a CAGR of 7.8% from 2024 to 2030. Cashmere tees and polos offer a unique blend of casual comfort and elevated style. They can be dressed up or down, making them suitable for various occasions and adding a touch of luxury to everyday outfits.
- Based on distribution channel, online sales of cashmere clothing are anticipated to grow at a CAGR of 7.4% from 2024 to 2030. The convenience offered by online shopping has played a pivotal role in the industry's growth. Consumers can browse a wide range of cashmere products from the comfort of their homes, eliminating the need to visit physical stores. This accessibility has attracted a broader customer base, including those from regions where access to luxury goods might be limited.
- The North America market for cashmere clothing accounted for a revenue share of 27.4% in 2023. A growing section of the population in North America seeks prestige in their fashionable clothing choices, and cashmere clothing has gained significance in countries like the U.S. This type of clothing serves as a status symbol among consumers due to their growing preference for luxury and fashionable clothing items.
Table of Contents
Chapter 1. Methodology and Scope
- 1.1. Market Segmentation & Scope
- 1.2. Market Definition
- 1.3. Information Procurement
- 1.3.1. Purchased Database
- 1.3.2. GVR's Internal Database
- 1.3.3. Secondary Sources & Third-Party Perspectives
- 1.3.4. Primary Research
- 1.4. Information Analysis
- 1.4.1. Data Analysis Models
- 1.5. Market Information & Data Visualization
- 1.6. Data Validation & Publishing
Chapter 2. Executive Summary
- 2.1. Market Outlook
- 2.2. Segmental Outlook
- 2.3. Regional Outlook
Chapter 3. Cashmere Clothing Market Variables, Trends & Scope
- 3.1. Market Lineage Outlook
- 3.2. Industry Value Chain Analysis
- 3.2.1. Raw Distribution Channel Outlook
- 3.2.2. Manufacturing & Technology Outlook
- 3.2.3. Profit Margin Analysis
- 3.3. Market Dynamics
- 3.3.1. Market Driver Analysis
- 3.3.2. Market Restraint Analysis
- 3.3.3. Market Opportunities
- 3.3.4. Market Challenges
- 3.4. Industry Analysis - Porter's Five Forces Analysis
- 3.5. Market Entry Strategies
Chapter 4. Cashmere Clothing Market: Consumer Behavior Analysis
- 4.1. Demographic Analysis
- 4.2. Consumer Trends & Preferences
- 4.3. Factors Influencing Buying Behavior
- 4.4. Consumer Service Adoption Trends
- 4.5. Key Observations & Findings
Chapter 5. Cashmere Clothing Market: Product Estimates & Trend Analysis
- 5.1. Product Movement Analysis & Market Share, 2023 & 2030
- 5.2. Sweaters & Coats
- 5.2.1. Market estimates and forecast, 2018 - 2030 (USD Million)
- 5.3. Pants & Trousers
- 5.3.1. Market estimates and forecast, 2018 - 2030 (USD Million)
- 5.4. Tees & Polo
- 5.4.1. Market estimates and forecast, 2018 - 2030 (USD Million)
- 5.5. Others
- 5.5.1. Market estimates and forecast, 2018 - 2030 (USD Million)
Chapter 6. Cashmere Clothing Market: End-user Estimates & Trend Analysis
- 6.1. End-user Movement Analysis & Market Share, 2023 & 2030
- 6.2. Men
- 6.2.1. Market estimates and forecast, 2018 - 2030 (USD Million)
- 6.3. Women
- 6.3.1. Market estimates and forecast, 2018 - 2030 (USD Million)
Chapter 7. Cashmere Clothing Market: Distribution Channel Estimates & Trend Analysis
- 7.1. Distribution Channel Movement Analysis & Market Share, 2023 & 2030
- 7.2. Online
- 7.2.1. Market estimates and forecast, 2018 - 2030 (USD Million)
- 7.3. Offline
- 7.3.1. Market estimates and forecast, 2018 - 2030 (USD Million)
Chapter 8. Cashmere Clothing Market: Regional Estimates & Trend Analysis
- 8.1. Regional Movement Analysis & Market Share, 2023 & 2030
- 8.2. North America
- 8.2.1. Market estimates and forecast, 2018 - 2030 (USD Million)
- 8.2.2. U.S.
- 8.2.2.1. Key country dynamics
- 8.2.2.2. Market estimates and forecast, 2018 - 2030 (USD Million)
- 8.2.3. Canada
- 8.2.3.1. Key country dynamics
- 8.2.3.2. Market estimates and forecast, 2018 - 2030 (USD Million)
- 8.2.4. Mexico
- 8.2.4.1. Key country dynamics
- 8.2.4.2. Market estimates and forecast, 2018 - 2030 (USD Million)
- 8.3. Europe
- 8.3.1. Market estimates and forecast, 2018 - 2030 (USD Million)
- 8.3.2. Germany
- 8.3.2.1. Key country dynamics
- 8.3.2.2. Market estimates and forecast, 2018 - 2030 (USD Million)
- 8.3.3. UK
- 8.3.3.1. Key country dynamics
- 8.3.3.2. Market estimates and forecast, 2018 - 2030 (USD Million)
- 8.3.4. Spain
- 8.3.4.1. Key country dynamics
- 8.3.4.2. Market estimates and forecast, 2018 - 2030 (USD Million)
- 8.3.5. Italy
- 8.3.5.1. Key country dynamics
- 8.3.5.2. Market estimates and forecast, 2018 - 2030 (USD Million)
- 8.3.6. France
- 8.3.6.1. Key country dynamics
- 8.3.6.2. Market estimates and forecast, 2018 - 2030 (USD Million)
- 8.4. Asia Pacific
- 8.4.1. Market estimates and forecast, 2018 - 2030 (USD Million)
- 8.4.2. China
- 8.4.2.1. Key country dynamics
- 8.4.2.2. Market estimates and forecast, 2018 - 2030 (USD Million)
- 8.4.3. India
- 8.4.3.1. Key country dynamics
- 8.4.3.2. Market estimates and forecast, 2018 - 2030 (USD Million)
- 8.4.4. Japan
- 8.4.4.1. Key country dynamics
- 8.4.4.2. Market estimates and forecast, 2018 - 2030 (USD Million)
- 8.4.5. South Korea.
- 8.4.5.1. Key country dynamics
- 8.4.5.2. Market estimates and forecast, 2018 - 2030 (USD Million)
- 8.4.6. Australia
- 8.4.6.1. Key country dynamics
- 8.4.6.2. Market estimates and forecast, 2018 - 2030 (USD Million)
- 8.5. Central & South America
- 8.5.1. Market estimates and forecast, 2018 - 2030 (USD Million)
- 8.5.2. Brazil
- 8.5.2.1. Key country dynamics
- 8.5.2.2. Market estimates and forecast, 2018 - 2030 (USD Million)
- 8.6. Middle East & Africa
- 8.6.1. Market estimates and forecast, 2018 - 2030 (USD Million)
- 8.6.2. South Africa
- 8.6.2.1. Key country dynamics
- 8.6.2.2. Market estimates and forecast, 2018 - 2030 (USD Million)
Chapter 9. Competitive Analysis
- 9.1. Recent developments & impact analysis, by key market participants
- 9.2. Company Categorization
- 9.3. Participant's Overview
- 9.4. Financial Performance
- 9.5. Product Benchmarking
- 9.6. Company Market Share Analysis, 2023 (%)
- 9.7. Company Heat Map Analysis
- 9.8. Strategy Mapping
- 9.9. Company Profiles
- 9.9.1. Loro Piana S.P.A.
- 9.9.1.1. Company Overview
- 9.9.1.2. Financial Performance
- 9.9.1.3. Product Benchmarking
- 9.9.1.4. Strategic Initiatives
- 9.9.2. Brunello Cucinelli S.p.A.
- 9.9.2.1. Company Overview
- 9.9.2.2. Financial Performance
- 9.9.2.3. Product Benchmarking
- 9.9.2.4. Strategic Initiatives
- 9.9.3. Alyki - Felice De Palma & Co.
- 9.9.3.1. Company Overview
- 9.9.3.2. Financial Performance
- 9.9.3.3. End-user Portfolios
- 9.9.3.4. Strategic Initiatives
- 9.9.4. Pringle of Scotland Limited
- 9.9.4.1. Company Overview
- 9.9.4.2. Financial Performance
- 9.9.4.3. Product Benchmarking
- 9.9.4.4. Strategic Initiatives
- 9.9.5. KINROSS CASHMERE
- 9.9.5.1. Company Overview
- 9.9.5.2. Financial Performance
- 9.9.5.3. Product Benchmarking
- 9.9.5.4. Strategic Initiatives
- 9.9.6. REPEAT cashmere
- 9.9.6.1. Company Overview
- 9.9.6.2. Financial Performance
- 9.9.6.3. Product Benchmarking
- 9.9.6.4. Strategic Initiatives
- 9.9.7. Autumn Cashmere
- 9.9.7.1. Company Overview
- 9.9.7.2. Financial Performance
- 9.9.7.3. End-user Portfolios
- 9.9.8. WHITE+WARREN
- 9.9.8.1. Company Overview
- 9.9.8.2. Financial Performance
- 9.9.8.3. Product Benchmarking
- 9.9.8.4. Strategic Initiatives
- 9.9.9. 360Cashmere
- 9.9.9.1. Company Overview
- 9.9.9.2. Financial Performance
- 9.9.9.3. Product Benchmarking
- 9.9.9.4. Strategic Initiatives
- 9.9.10. TSE Cashmere
- 9.9.10.1. Company Overview
- 9.9.10.2. Financial Performance
- 9.9.10.3. Product Benchmarking
- 9.9.10.4. Strategic Initiatives