Cashmere Market Trends And Analysis By Application (Shawls, Sweaters), By Type (Natural, Processed) And Regions (North America, Europe, Asia Pacific, Latin America, And Middle East & Africa) – Global Industry Growth, Share, Size And Forecast 2020 – 20

The global cashmere market size is expected to witness a CAGR of 3.80% during the forecast period, 2020−2026. Increasing popularity and high number of manufacturers is driving the market growth throughout the forecast period.

The demand for livestock products has witnessed a steady demand since the past two decades as the production for artificial fibers has risen by leap and bounds. Cashmere is highly expensive than wool and therefore it becomes important to distinguish between them. Also, in the recent years, the identification of pure cashmere being a conservative yet tedious task has gained a low popularity. Though technological advancements led by intense research have been helpful in identifying and segregating the pure cashmere from synthetic ones. For instance, modern methods such as computer vision and image processing methods are driving the research based tasks. Besides, the industry is gaining a huge traction thereby attracting more investors to look forward for optimistic growth in the following years. For instance, in India self-help groups and NGOs are driving a high adoption of modern methods for production, which in turn attracts investors to support the cause.

Market Trends, Drivers, Restraints and Opportunity:

• Cashmere market is driven by growing demand for high quality clothing and growing popularity of cashmere clothing products. In addition, the rise in disposable income is expected to spur the market demand throughout the forecast period as consumers tend to spend more on clothing accessories to enhance the external appearance
• Cashmere clothing has gained immense popularity in the recent years attributing to its lightweight features and elegance
• Growing demand for a variety of cashmere products and high adoption are some of the growth opportunities highly witnessed
• However, pure cashmere is significantly costlier over synthetic cashmere. In addition, initial costs of setup and infrastructure followed by fierce competition is likely to create market challenges in the near future

Scope of the Report:

The report on global cashmere market includes an assessment of the market size, share, trends, segments, regional markets and competitive scenarios. Segment overview and dynamics have been included in the report. AttributesDetailsBase Year2019Historic Data2015−2018Forecast Period2020-2026Regional ScopeNorth America, Latin America, Europe, Asia Pacific, Middle-East and Africa.Report Coverage Market scope, analysis, share, competitive analysis, growth factors, restraints, opportunities and revenue forecast.

Cashmere Market Segment Share Insights:

Processed Cashmere is the leading segment

By type, the cashmere market can be segmented as natural and processed. Processed cashmere is the leading segment attributing to the rise in demand for readymade clothing products and are easily available. Moreover, natural cashmere is likely to witness a moderate growth attributing to the limited availability of manpower for identification and extraction of pure cashmere.

Asia Pacific maintains a high dominance in the global market

By region, the cashmere market can be segmented as North America, South America, Europe, Asia Pacific, Middle-East and Africa. Asia Pacific accounted for a high significance in the global scenario attributing to enlarged demands for pure cashmere. High economic growth and rise in number of cashmere manufacturers is expected to propel the regional growth throughout the forecast period.

Competitive Landscape:

Some of the key players in the cashmere market are The Cashmere Co-op, Pepperberry Knits, King Deer, Dongbao Cashmere Product, Hongye Cashmere, Debbie Bliss, Erdos Group, and Jade Sapphire. The key players are adopting innovative methods for product launch to strengthen their geographical presence. The trends and analysis for mergers & acquisitions, strategic collaboration and partnership alliances are some of the growth strategies identified.

The global cashmere market can be segmented based on Application, Type, and region.

By Application:

• Sweaters
• Shawls
• Socks
• Suits
• Others

By Type:

• Natural
• Processed

By Region:

• North America
• LAMEA
• Europe
• Asia Pacific
• Middle-East
• Africa