Global Cashmere Clothing Market Size To Exceed USD 4.50 Billion by 2033: Forecast Analysis Report

Global Cashmere Clothing Market Size To Exceed USD 4.50 Billion by 2033 

According to a research report published by Spherical Insights & Consulting, The Global Cashmere Clothing Market Size is Expected to Grow from USD 2.40 Billion in 2023 to USD 4.50 Billion by 2033, at a CAGR of 6.49% during the forecast period 2023-2033.                       

Browse 210 market data Tables and 45 Figures spread through 190 Pages and in-depth TOC on the Global Cashmere Clothing Market Size, Share, and COVID-19 Impact Analysis, By Product (Tees & Polo and Sweaters & Coats), By End-user (Men and Women), and By Region (North America, Europe, Asia Pacific, Latin America, Middle East, and Africa), Analysis and Forecast 2023 – 2033.                                          

The cashmere clothing market encompasses the segment of the apparel industry focused on garments made from cashmere wool, a luxurious fiber obtained from the undercoat of cashmere goats. Moreover, the cashmere clothing market is driven by rising consumer demand for luxury and premium apparel, increasing disposable incomes, and growing awareness of sustainable and ethically sourced materials. Fashion trends favoring high-quality, lightweight, and warm garments further boost demand, especially in colder regions. E-commerce growth also enhances market accessibility and visibility. However, the cashmere clothing market faces restraints such as high product costs, limited raw material availability, ethical concerns over animal welfare, and vulnerability to seasonal demand fluctuations, which can restrict broader market growth.

The sweaters & coats segment accounted for the largest share of the global cashmere clothing market in 2023 and is anticipated to grow at a significant CAGR during the forecast period.

Based on product, the global cashmere clothing market is divided into tees & polo and sweaters & coats. Among these, the sweaters & coats segment accounted for the largest share of the global cashmere clothing market in 2023 and is anticipated to grow at a significant CAGR during the forecast period. This dominance is driven by the high demand for premium-quality, warm, and stylish outerwear, particularly in regions with colder climates. The luxurious appeal and versatility of cashmere sweaters and coats make them a preferred choice among consumers seeking both comfort and fashion.

The women segment accounted for a substantial share of the global cashmere clothing market in 2023 and is anticipated to grow at a rapid pace during the projected period.

On the basis of the end-user, the global cashmere clothing market is divided into men and women. Among these, the women segment accounted for a substantial share of the global Cashmere Clothing market in 2023 and is anticipated to grow rapidly during the projected period. This dominance is driven by a higher propensity among women to invest in luxury and fashionable items, including a diverse range of cashmere products such as sweaters, coats, dresses, and accessories. The continuous introduction of new designs and styles tailored for women further fuels this segment's growth.

Europe is projected to hold the largest share of the global cashmere clothing market over the projected period. 

Europe is projected to hold the largest share of the global cashmere clothing market over the projected period. This is driven by a strong demand for luxury fashion, cold climate, and consumer preference for sustainable, high-quality apparel. Countries like France, Italy, and the UK lead due to their established fashion industries and affluent consumers willing to invest in premium products.

Asia Pacific is expected to grow at the fastest CAGR of the global cashmere clothing market during the projected period.  This is driven by rising disposable incomes, growing fashion awareness, and increasing demand for luxury apparel in countries like China, Japan, and South Korea. Additionally, the region is a key producer of raw cashmere, supporting both supply and domestic consumption.

Company Profiling

Major vendors in the global cashmere clothing market are Gobi Cashmere, WHITE + WARREN, Loro Piana S.P.A., Autumn Cashmere, REPEAT cashmere, KINROSS CASHMERE, TSE Cashmere, LISA TODD, Pringle of Scotland Ltd, Brunello Cucinelli S.p.A., 360CASHMERE., and others.

Key Target Audience

• Market Players
• Investors
• End-users
• Government Authorities 
• Consulting and Research Firm
• Venture capitalists
• Value-Added Resellers (VARs)

Recent Development

• In January 2024, WHITE + WARREN partnered with the Metropolitan Museum of Art to launch its limited-edition collection. The high-end knitwear brand collaborated with the cultural institution to unveil a 10 piece cashmere capsule for winter. The line was inspired by two tapestries: "Arms of Greder Family of Solothurn, Switzerland" and "Fragment of a Tapestry or Wall Hanging." The line also featured embroidered cashmere beanies adorned with The Met's retro Renaissance M logo and White + Warren's travel wrap. The line was shoppable on WhiteandWarren.com and at The Metropolitan Museum of Art's gift shop.

Market Segment

This study forecasts revenue at global, regional, and country levels from 2023 to 2033. Spherical Insights has segmented the global cashmere clothing market based on the below-mentioned segments:

Global Cashmere Clothing Market, By Product

• Tees & Polo
• Sweaters & Coats

Global Cashmere Clothing Market, By End-user

• Men
• Women

Global Cashmere Clothing Market, By Regional

• North America
  • US
  • Canada
  • Mexico
• Europe
  • Germany
  • UK
  • France
  • Italy
  • Spain
  • Russia
  • Rest of Europe
• Asia Pacific
  • China
  • Japan
  • India
  • South Korea
  • Australia
  • Rest of Asia Pacific
• South America
  • Brazil
  • Argentina
  • Rest of South America
• Middle East & Africa
  • UAE
  • Saudi Arabia
  • Qatar
  • South Africa
  • Rest of the Middle East & Africa