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The global cashmere clothing market size was accounted for the revenue of USD 2.66 billion in 2018. This market is expected to witness a CAGR of 3.96%, during the forecasted years, 2019-2025. This growth can be attributed to the rising demand for ideal and fine clothing among the millennial population. Moreover, external factors such as rising disposable income across the globe coupled with the increased living standards are expected to drive the market in the upcoming years.
These cashmere products are being manufactured using cashmere yarns. These yarns are lighter, stronger, finer, and softer than the rest of the types. They also have good moisture content and thereby can be easily adjustable at all temperatures and climatic conditions. They also help in enhancing aesthetic looks. Such factors are anticipated to drive the market for cashmere clothing over the forecast period.
The demand for these types of premium clothing has been on the rise across the world owing to rising disposable income among working professionals coupled with the increasing trend for adopting premium clothing to enhance the physical appearance. However, limited raw materials and high production costs are expected to act as a hindrance to the growth of the market.
As this type of clothing is more costly as compared to the rest of the types, they are categorized as luxury or premium clothing apparel. The market for such clothing in North America is projected to grow at the fastest rate from 2019to 2025. Moreover, the increasing fashion industry across Europe has contributed to its largest share in the regional market.
The market for cashmere clothing can be classified as tees & polo, pants & trousers, sweaters & coats, and others, based on product. The segment of sweaters & coats held the highest share of over 52% across the cashmere clothing market. It is also expected to register a steady growth rate during the forecasted years, 2019 to 2025.
This can be associated with increasing demand for premium coats and sweaters, like formal and casual wear. The segment for tees and polo is anticipated to witness the highest growth rate with a CAGR of 5.67% in the upcoming years. This growth can be associated with improving living standards among the millennial population across the developed and developing regions.
In 2018, the end-user segment of men is anticipated to register the highest growth with a CAGR of 4.51% from 2019 to 2025. This growth can be associated with rising demand for such clothing as trousers, fashion apparel, and coats among men. Moreover, the rising desire to look presentable is expected to drive market growth.
The women's end-user segment held the largest share across the global market in 2018. This can be associated with the rising demand for scarves and shawls among women. Manufacturers have started launching products with a variety of patterns and designs for engaging the consumers. Moreover, they have started producing unique accessories that are being made from this fabric.
In 2018, Europe held the highest share of 38.0% across the global market. This growth can be attributed to increasing demand for such cashmere clothing across countries like U.K., Italy, and Germany. Moreover, the growing fashion industry and the presence of a variety of luxurious brands across this region are expected to pave the way for market growth.
North America is anticipated to register the highest growth rate with a CAGR of 5.06% during the forecasted years, 2019 to 2025. This can be attributed to the rising demand for luxurious clothing across developed regions like U.S. and Canada.
The market for cashmere clothing includes key players such as Ermenegildo Zegna Holditalia S.p.A., Brunello Cucinelli S.p.A., Autumn Cashmere, Sofia Cashmere, Pringle of Scotland Ltd., Alyki - Felice De Palma & Co., and Loro Piana S.p.A. These manufacturers have started implementing several marketing strategies to penetrate deeper into the emerging market. Moreover, new entrants have started entering emerging markets due to rising product demand.
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Attribute |
Details |
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The base year for estimation |
2018 |
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Actual estimates/Historical data |
2015 - 2017 |
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Forecast period |
2019 - 2025 |
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Market representation |
Revenue in USD Billion and CAGR from 2019 to 2025 |
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Regional scope |
North America, Europe, Asia Pacific, Central & South America, and Middle East & Africa |
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Country scope |
U.S., Germany, Italy, China, Japan, Brazil, and South Africa |
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Report coverage |
Revenue forecast, company share, competitive landscape, and growth factors and trends |
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15% free customization scope (equivalent to 5 analyst working days) |
If you need specific information, which is not currently within the scope of the report, we will provide it to you as a part of the customization |
This report forecasts revenue growth at global, regional, and country levels, and provides an analysis of the latest industry trends in each of the sub-segments from 2015 to 2025. For the purpose of this study, Million Insights has segmented the global cashmere clothing market report based on product, end-user, and region:
• Product Outlook (Revenue, USD Billion, 2015 - 2025)
• Sweaters & Coats
• Pants & Trousers
• Tees & Polo
• Others
• End-user Outlook (Revenue, USD Billion, 2015 - 2025)
• Men
• Women
• Regional Outlook (Revenue, USD Billion, 2015 - 2025)
• North America
• U.S.
• Europe
• Germany
• Italy
• the Asia Pacific
• China
• Japan
• Central & South America
• Brazil
• Middle East and Africa
• South Africa
Research Support Specialist, USA