Cashmere Clothing Market Size To Reach $4.24 Billion By 2030

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.

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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.

Cashmere Clothing Market Segmentation

Grand View Research has segmented the global cashmere clothing market based on product, end-user, distribution channel, and region:

Cashmere Clothing Product Outlook (Revenue, USD Million, 2018 - 2030)

• Sweaters & Coats

• Pants & Trousers

• Tees & Polo

• Others

Cashmere Clothing End-user Outlook (Revenue, USD Million, 2018 - 2030)

• Men

• Women

Cashmere Clothing Distribution Channel Outlook (Revenue, USD Million, 2018 - 2030)

• Online

• Offline

Cashmere Clothing Regional Outlook (Revenue, USD Million, 2018 - 2030)

• North America

  • U.S.

  • Canada

  • Mexico

• Europe

  • Germany

  • UK

  • Spain

  • Italy

  • France

• Asia Pacific

  • China

  • India

  • Japan

  • South Korea

  • Australia

• Central & South America

  • Brazil

• Middle East & Africa

  • South Africa

List of Key Players in the Cashmere Clothing Market

• Loro Piana S.P.A.

• Brunello Cucinelli S.p.A.

• Pringle of Scotland Ltd

• Autumn Cashmere

• TSE Cashmere

• 360CASHMERE

• REPEAT cashmere

• WHITE + WARREN

• KINROSS CASHMERE

• LISA TODD

• Gobi Cashmere