Cashmere Clothing Market Report by Type (Sweaters and Coats, Pants and Trousers, Tees and Polo, and Others), Distribution Channel (Online, Offline), End User (Men, Women, Children), and Region 2024-2032

Cashmere Clothing Market Report by Type (Sweaters and Coats, Pants and Trousers, Tees and Polo, and Others), Distribution Channel (Online, Offline), End User (Men, Women, Children), and Region 2024-2032

Report Format: PDF+Excel | Report ID: SR112024A19064
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Market Overview:

The global cashmere clothing market size reached US$ 2.89 Billion in 2023. Looking forward, IMARC Group expects the market to reach US$ 4.51 Billion by 2032, exhibiting a growth rate (CAGR) of 5.08% during 2024-2032. Continual technological advancements in garment production and design, increasing social media influence, resurgence of classic and timeless fashion styles,  rising consumer demand for luxury and quality, and enhanced global accessibility through advanced logistics and e-commerce platforms are some of the major factors propelling the market.

Report Attribute
 Key Statistics                   
Base Year
2023
Forecast Years
2024-2032
Historical Years
2018-2023
Market Size in 2023 US$ 2.89 Billion
Market Forecast in 2032 US$ 4.51 Billion
Market Growth Rate (2024-2032) 5.08%


Cashmere clothing, renowned for its luxurious softness and exceptional warmth, is crafted from the fine undercoat fibers of Cashmere goats. It is known for its unique combination of lightness and insulation, making it a coveted choice for high-end fashion. Despite its delicate feel, cashmere is surprisingly durable, resisting wrinkles and retaining its shape. The limited supply of cashmere, sourced primarily from goats in Mongolia and China, also contributes to its premium status. Cashmere clothing ranges from elegant sweaters and scarves to sophisticated coats, offering a blend of style, comfort, and timeless appeal. Its hypoallergenic property further enhances its desirability among sensitive skin consumers, making it a symbol of sophistication and quality in the world of textiles.

The global market is majorly driven by the increasing influence of fashion influencers and social media on consumer choices. In today's digital age, fashion trends are often set and popularized through social media platforms, where influencers and celebrities showcase luxury items, including cashmere clothing, to large audiences. This visibility is leading to a growing awareness and desire for cashmere products among a broader, more diverse demographic. Additionally, the resurgence of classic and timeless fashion styles is propelling the demand for cashmere, which is often associated with elegance and enduring style. Along with this, cashmere's versatility and ability to blend with other materials also play a crucial role, as it allows for a wider range of products that cater to varying tastes and seasons. In addition, the market is experiencing a shift due to the aging population in developed countries. Apart from this, advancements in global logistics and supply chain management are making it easier for cashmere producers to reach international markets, significantly broadening the potential customer base. Furthermore, the expanding e-commerce platforms, making luxury products such as cashmere more accessible to consumers across the globe are creating a positive market outlook.

Cashmere Clothing Market Trends/Drivers:

Rising consumer demand for luxury and quality

A significant driver of the market is the growing consumer appetite for luxury and high-quality garments. With increasing global wealth, particularly in emerging economies, there is a rising segment of consumers willing to invest in premium products. Cashmere, known for its softness, warmth, and durability, epitomizes luxury in clothing. As consumers become more fashion-conscious and seek out garments that offer both comfort and status, cashmere's appeal grows. This trend is further bolstered by the growing middle and upper-class populations in developing countries, who are increasingly adopting Western lifestyles and luxury consumer habits. Along with this, the demand is for the material itself and for the craftsmanship and heritage associated with high-quality cashmere products, often viewed as timeless investments rather than mere apparel. Additionally, the growing online retail sector makes luxury products more accessible, broadening its market base beyond traditional luxury consumers.

Sustainable and ethical fashion movements

The market is also being driven by the increasing consumer awareness and demand for sustainable and ethical fashion. Cashmere, as a natural and renewable fiber, aligns well with the growing preference for eco-friendly materials. The ethical sourcing of cashmere, involving the welfare of the Cashmere goats and the fair treatment of workers in the supply chain, is becoming a significant consideration for consumers. In addition, brands that promote sustainable practices in their production processes, such as environmentally friendly dyes and energy-efficient manufacturing, are gaining favor. This trend is part of a broader shift towards more conscious consumption in the fashion industry, where consumers are seeking transparency and sustainability in their clothing choices. The luxury market, including cashmere, is responding by adopting more sustainable practices, such as traceability of the raw material and ensuring ethical standards in sourcing and production. This appeals to environmentally and socially conscious consumers and adds value to the brand's image, further driving the market for cashmere clothing.

Technological advancements in production and design

Technological advancements in the production and design of cashmere clothing are significantly contributing to market growth. The development of new knitting and weaving technologies has allowed for greater efficiency in manufacturing, reducing costs and making cashmere products more accessible to a broader audience. Innovations in textile technology have also enabled the creation of lighter, more durable cashmere fabrics, expanding the range of products beyond traditional sweaters and scarves to include activewear and other casual wear. These advancements have opened up new markets for cashmere, particularly among younger consumers who value both the luxury and practicality of modern cashmere garments. Furthermore, the use of digital platforms for design and sales, including AI-based customization and online retail, has made it easier for brands to reach global markets. This integration of technology not only improves the efficiency and scope of cashmere clothing production but also enhances the customer experience, making it a significant driver in the expansion of the cashmere market.

Cashmere Clothing Industry Segmentation:

IMARC Group provides an analysis of the key trends in each segment of the market, along with forecasts at the global, regional, and country levels for 2024-2032. Our report has categorized the market based on type, distribution channel, and end user.

Breakup by Type:

  • Sweaters and Coats
  • Pants and Trousers
  • Tees and Polo
  • Others
     

Sweaters and coats accounts for the majority of the market share

The report has provided a detailed breakup and analysis of the market based on the type. This includes sweaters and coats, pants and trousers, tees and polo, and others. According to the report, sweaters and coats represented the largest segment.

The sweaters and coats segment is a major contributor to the market, renowned for luxurious, high-quality sweaters and coats that offer both warmth and style. The versatility in designs, from classic cardigans to modern, trendy coats, appeals to a wide range of age groups and fashion preferences, making this segment a consistent market leader. In addition, the pants and trousers segment, though smaller compared to sweaters and coats, is gaining traction in the cashmere market. These products cater to consumers seeking comfort and luxury in their everyday wear.

On the contrary, cashmere tees and polo shirts represent a growing segment that combines casual wear with luxury. These items are increasingly popular among younger consumers and those seeking a blend of casual style and the soft, luxurious feel of cashmere. This segment demonstrates the versatility of cashmere in adapting to various styles and preferences, extending its appeal beyond traditional winter wear. Other segments include various cashmere products such as dresses, skirts, scarves, and accessories. The 'others' segment often showcases the latest fashion trends and innovative designs, appealing to fashion-forward consumers and those seeking unique, high-end cashmere items for their wardrobe.

Breakup by Distribution Channel:

  • Online
  • Offline
     

Offline holds the largest share in the industry

A detailed breakup and analysis of the market based on the distribution channel has also been provided in the report. This includes online and offline. According to the report, offline accounted for the largest market share.

The offline segment, comprising brick-and-mortar stores such as boutiques, department stores, and specialty shops, remains a significant part of the market. This channel offers consumers a tactile shopping experience, essential for luxury items including cashmere where feel and fit are crucial. In confluence with this, high-end retailers and flagship stores in this segment often provide personalized customer service and a sense of exclusivity. It holds appeal for consumers who value the traditional shopping experience and instant gratification of in-store purchases.

On the other hand, the online segment has seen rapid growth in the market, driven by the convenience and wide selection it offers. E-commerce platforms cater to a global customer base, providing access to a variety of cashmere products beyond geographical limitations. This channel benefits from detailed product descriptions, customer reviews, and often competitive pricing. Moreover, the rise of digital marketing and social media influence is providing a boost to the online segment, appealing especially to tech-savvy and younger consumers who are comfortable with online purchases. This segment is expanding rapidly, offering convenience and accessibility to a broader audience.

Breakup by End User:

  • Men
  • Women
  • Children
     

Women represents the leading market segment

The report has provided a detailed breakup and analysis of the market based on the end user. This includes men, women, and children. According to the report, women represented the largest segment.

The women's segment is a dominant force in the cashmere market, driven by a wide variety of styles and products. From elegant dresses and skirts to luxurious sweaters and wraps, women's cashmere clothing offers versatility and fashion-forward designs. This segment appeals to women who value both the aesthetic and practical aspects of their wardrobe, with a particular emphasis on the soft feel and warmth of cashmere. Furthermore, the children's segment in the cashmere market, though smaller, is growing, and characterized by products. The luxury aspect of cashmere, combined with its durability and hypoallergenic properties, makes it a desirable choice for children's wear.

On the other hand, the men's segment in the cashmere market caters to those seeking luxury, comfort, and sophistication in their attire. Products such as cashmere sweaters, coats, and scarves are popular among male consumers, often favored for their quality, durability, and classic style. This segment appeals to a wide age range, from young professionals to older gentlemen, with a focus on timeless designs that blend seamlessly into both casual and formal wardrobes.

Breakup by Region:

  • North America
    • United States
    • Canada
  • Europe
    • Germany
    • France
    • United Kingdom
    • Italy
    • Spain
    • Others
  • Asia Pacific
    • China
    • Japan
    • India
    • South Korea
    • Australia
    • Indonesia
    • Others
  • Latin America
    • Brazil
    • Mexico
    • Others
  • Middle East and Africa
     

Europe leads the market, accounting for the largest cashmere clothing market share

The market research report has also provided a comprehensive analysis of all the major regional markets, which include North America (the United States and Canada); Europe (Germany, France, the United Kingdom, Italy, Spain, and others); Asia Pacific (China, Japan, India, South Korea, Australia, Indonesia, and others); Latin America (Brazil, Mexico, and others); and the Middle East and Africa. According to the report, Europe accounted for the largest market share.

Europe is home to some of the world's leading fashion capitals, such as Paris, Milan, and London. The presence of major fashion houses and designers who often incorporate cashmere into their collections contributes to the market growth. Additionally, European consumers have a strong preference for luxury and premium products, and cashmere is often perceived as a high-end material. This preference drives demand for cashmere clothing in the region. Also, the consumers are increasingly becoming aware of sustainability and ethical production practices. Cashmere, when sourced and produced responsibly, can appeal to this market segment.

Furthermore, prominent luxury brands in Europe have strong marketing campaigns and brand presence, which helps in promoting cashmere clothing as a desirable product. European textile industry is known for its innovation, and there have been advancements in how cashmere is processed and used, making it more appealing to a broader range of consumers.

Moreover, the climate in Europe, particularly in Northern and Central regions, creates a seasonal demand for warmer clothing, including cashmere. Besides this, the expansion of online retail platforms in Europe has made it easier for consumers to access a wide range of cashmere products from both local and international brands.

Competitive Landscape:

Key players in the market are actively engaging in strategies to maintain and expand their market presence. Many are focusing on sustainable and ethical practices, responding to the growing consumer demand for environmentally friendly and socially responsible products. This includes ensuring the welfare of cashmere goats and fair labor practices in the supply chain. Innovations in product design and diversification are also prominent, with companies introducing new styles and expanding their product range to cater to evolving fashion trends and consumer preferences. Additionally, these players are strengthening their online presence, utilizing e-commerce platforms and digital marketing to reach a broader, global audience. Strategic collaborations and partnerships are common, aimed at enhancing brand visibility and tapping into new markets. Moreover, investment in advanced manufacturing technologies is helping these companies improve efficiency and product quality, ensuring they remain competitive in this luxury sector.

The market research report has provided a comprehensive analysis of the competitive landscape. Detailed profiles of all major companies have also been provided. Some of the key players in the market include:

  • Autumn Cashmere of New York Inc.
  • Brunello Cucinelli SpA
  • Burberry Group plc
  • Corso Italia S.p.A.
  • Ermenegildo Zegna N.V.
  • Giorgio Armani S.p.A
  • Gobi Cashmere
  • Herms International S.A.
  • Huzhou Zhenbei Cashmere Products Co. Ltd.
  • Loro Piana S.p.a (LVMH)
  • Malo
  • Pringle of Scotland Limited
  • Ralph Lauren Media LLC
  • Sofia Cashmere
     

(Please note that this is only a partial list of the key players, and the complete list is provided in the report.)

Cashmere Clothing Market Report Scope:

Report Features Details
Base Year of the Analysis 2023
Historical Period 2018-2023
Forecast Period 2024-2032
Units US$ Billion
Scope of the Report Exploration of Historical and Forecast Trends, Industry Catalysts and Challenges, Segment-Wise Historical and Predictive Market Assessment: 
  • Type
  • Distribution Channel
  • End User
  • Region
Types Covered Sweaters and Coats, Pants and Trousers, Tees and Polo, Others
Distribution Channels Covered Online, Offline
End Users Covered Men, Women, Children
Regions Covered Asia Pacific, Europe, North America, Latin America, Middle East and Africa
Countries Covered United States, Canada, Germany, France, United Kingdom, Italy, Spain, China, Japan, India, South Korea, Australia, Indonesia, Brazil, Mexico
Companies Covered Autumn Cashmere of New York Inc., Brunello Cucinelli SpA, Burberry Group plc, Corso Italia S.p.A., Ermenegildo Zegna N.V., Giorgio Armani S.p.A, Gobi Cashmere, Herms International S.A., Huzhou Zhenbei Cashmere Products Co. Ltd., Loro Piana S.p.a (LVMH), Malo, Pringle of Scotland Limited, Ralph Lauren Media LLC, Sofia Cashmere, etc. (Please note that this is only a partial list of the key players, and the complete list is provided in the report.)
Customization Scope 10% Free Customization
Report Price and Purchase Option Single User License: US$ 2499
Five User License: US$ 3499
Corporate License: US$ 4499
Post-Sale Analyst Support 10-12 Weeks
Delivery Format PDF and Excel through Email (We can also provide the editable version of the report in PPT/Word format on special request)

Key Questions Answered in This Report:

  • How has the global cashmere clothing market performed so far, and how will it perform in the coming years?
  • What are the drivers, restraints, and opportunities in the global cashmere clothing market?
  • What is the impact of each driver, restraint, and opportunity on the global cashmere clothing market?
  • What are the key regional markets?
  • Which countries represent the most attractive cashmere clothing market?
  • What is the breakup of the market based on the type?
  • Which is the most attractive type in the cashmere clothing market?
  • What is the breakup of the market based on the distribution channel?
  • Which is the most attractive distribution channel in the cashmere clothing market?
  • What is the breakup of the market based on the end user?
  • Which is the most attractive end user in the cashmere clothing market?
  • What is the competitive structure of the global cashmere clothing market?
  • Who are the key players/companies in the global cashmere clothing market?

Key Benefits for Stakeholders:

  • IMARC’s industry report offers a comprehensive quantitative analysis of various market segments, historical and current market trends, market forecasts, and dynamics of the cashmere clothing market from 2018-2032.
  • The research report provides the latest information on the market drivers, challenges, and opportunities in the global cashmere clothing market.
  • The study maps the leading, as well as the fastest-growing, regional markets. It further enables stakeholders to identify the key country-level markets within each region.
  • Porter's five forces analysis assist stakeholders in assessing the impact of new entrants, competitive rivalry, supplier power, buyer power, and the threat of substitution. It helps stakeholders to analyze the level of competition within the cashmere clothing industry and its attractiveness.
  • Competitive landscape allows stakeholders to understand their competitive environment and provides an insight into the current positions of key players in the market.

Need more help?

  • Speak to our experienced analysts for insights on the current market scenarios.
  • Include additional segments and countries to customize the report as per your requirement.
  • Gain an unparalleled competitive advantage in your domain by understanding how to utilize the report and positively impacting your operations and revenue.
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Cashmere Clothing Market Report by Type (Sweaters and Coats, Pants and Trousers, Tees and Polo, and Others), Distribution Channel (Online, Offline), End User (Men, Women, Children), and Region 2024-2032
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