With the emergence and long-term Impact of COVID-19, Global Cashmere Clothing Market to reach USD 4.45 billion by 2030
Bizwit Research & Consulting LLP’s recent analysis on the Global Cashmere Clothing Market points towards a potential rise to USD 4.45 billion by 2030. Cashmere clothing refers to clothes and accessories manufactured from cashmere goat’s wool, which is coveted for its softness, warmth, and opulent feel. Cashmere is highly popular due of its great quality, and used to make many different types of apparel, including sweaters, cardigans, scarves, caps, gloves, and more.
The increasing demand for fine and high-quality woolen clothing, including cashmere, is anticipated to drive the expansion of the cashmere clothing market. This surge in popularity is attributed to its versatility in adapting to various temperatures and its ability to enhance aesthetic appeal. As a result, these factors are predicted to contribute to the growing demand for cashmere products in the foreseeable future, supporting overall market growth.
Geographically, the global Cashmere Clothing market has been segmented into North America, Europe, Asia Pacific (APAC), Latin America, and Middle East and Africa (MEA). Europe dominated the market in 2022 with largest market share. The market growth of cashmere clothing is propelled by an increasing demand for various types of cashmere garments in countries such as Germany, Italy, and the U.K. North America is expected as a fastest growing region during the forecast period. The United States stands out as the primary market within this region, driven by a strong demand for luxury clothing.
The global Cashmere Clothing market is highly competitive owing to the presence of several key players such as Loro Piana S.P.A. Brunello Cucinelli S.p.A. Alyki – Felice De Palma & Co. Pringle of Scotland Limited Ermenegildo Zegna Holditalia S.p.A. SofiaCashmere Autumn Cashmere Malo Corso Italia S.p.A. TSE Cashmere, and others.
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Key findings of the study suggest:
- Global Cashmere Clothing Market is anticipated to grow with a healthy growth rate of more than 4.2% over the forecast period 2023-2030.
- In the Demography segment, Women emerged out as the leading market segment in 2022.
- Europe is anticipated to drive regional growth owing to increasing demand for various types of cashmere garments in the region.
- Asia Pacific is expected to grow at higher rate owing to surging demand for luxury clothing in the region.
Bizwit Research & Consulting has considered following segments for the study:
By Product:
- Sweaters and Coats
- Bottom wear
- Shirts & T-shirts
- Others
By Demography:
- Men
- Women
- Kids
- Others
By Distribution Channel:
- Online
- Offline
Regional Outlook
- North America
- US
- Canada
- Europe
- UK
- Germany
- France
- Spain
- Italy
- ROE
- Asia Pacific
- China
- India
- Japan
- Korea
- Australia
- RoAPAC
- Latin America
- Brazil
- Mexico
- Rest of Latin America
- Middle East & Africa
- Saudi Arabia
- South Africa
- Rest of Middle East & Africa
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Bizwit Research & Consulting LLP is a global provider of business intelligence & consulting services. The company has a strong primary base of key industry leaders along with the chain of industry analysts to analyze the market trends and its future impact in order to estimates and forecast different business segments and markets. Bizwit incorporate big data, expert analysis, and huge industry database to deliver client focused business consulting reports. Our analysts perform unbiased measurement and assessment of market opportunities to comprehend detailed market forecast. Our team of key opinion leaders evaluates the market size, growth prospects, end-use, applications, value & supply chain and top vendors in the industry to help the clients to take conversant business decisions without any vague assumptions.
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