The value of the Pure Cashmere market is projected to grow to USD 4105.41 million with an estimated CAGR of 3.93% by 2029
Cashmere wool is commonly known as Cashmere, it is one of the rarest natural source of fiber available in the world. It is not a wool but a hair that comes from goats in Gobi desert from the region of Northern China to Mongolia. During the molting season of the goats i.e. May and June the locals comb the belly hair, sort it and send for further processing called dehairing unit. It is further exported to Europe, for converting to fine yarn with the help of spun process.
The pure cashmere market is growing owing to several factors, the main ones being that it is extremely light weight and keeps the user warm. Cashmere is popular owing to its classic style and toughness, and is influencing the market growth. Cashmere is a tremendously soft material which is very user friendly and comfortable to wear it. Cashmere has high moisture content in the wool and hence it is easily adjustable to temperatures. These factors are helping the growth of pure cashmere market.
Pure cashmere market share is growing owing to its increased popularity as an ideal material for fine woolen wear. Cashmere is 8 times warmer than wool and it is extremely soft in texture. Cashmere products are often considered as a luxury and owned by the rich and famous. However, with the growing income and spending power of people the market growth is relatively high. In western countries owning a pure cashmere garment is a matter of pride, apart from the fact that it is much warmer than normal wools. Pure cashmere market finds its application in accessories like hats, scarfs, gloves, ponchos and many other products. These products are also extremely popular owing to its characteristics of light weight, soft and extremely warm material.
However, pure cashmere is costly owing to its complex production process and is present in a limited quantity, these are some factors that are restricting the development of pure cashmere market share.
The pure cashmere market share is segmented based on by type, by applications, by User and region. Segmentation on type is done as White Cashmere, Cyan Cashmere and Purple Cashmere. Depending on the type of cashmere the price varies. Segmentation on end-user is done as Male, Females and Children. The pure cashmere market is equally shared by all types of end-users, especially in areas of extreme low temperatures. Segmentation on application is done as clothing, accessories and home textiles.
Based on region the global pure cashmere market size, segmentation is done as North America, Europe, Asia Pacific, Latin America and Middle East and Africa. The Asia-Pacific region is predicted to lead in the cashmere market. This is owing to the increased demand of cashmere in the market and growth of manufacturers in China. North America is estimated to witness growth owing to increased demand as a result of better economic conditions of the country. Europe leads the global pure cashmere market size, in terms of contribution. Europe imports cashmere from China, which is expected to help the market growth.
Key players in pure cashmere market are Gobi, Cashmere Holding, Tianshan Wool, Viction Cashmere, Erdos Group, Ningxia St.Edenweiss International Enterprises Group and many others.
Pure Cashmere Market Scope
|Forecast Unit||Value (USD)|
|Revenue forecast in 2029||USD 4105.41 million|
|Growth Rate||CAGR of 3.93 % during 2019-2029|
|Segment Covered||Distribution Channel, Regions|
|Regions Covered||North America, Europe, Asia Pacific, South America, Middle East and Africa|
|Key Players Profiled||The Cashmere Co-op, Pepperberry Knits, King Deer, Dongbao Cashmere Product, Hongye Cashmere, Debbie Bliss, Erdos Group, and Jade Sapphire|
Key segments of the global Pure Cashmere market
Distribution Channel (USD Million)
• Supermarkets and Hypermarkets
• Specialty Stores
• Online Retail
Regional Overview, (USD Million)
• North America
o Rest of Europe
o Southeast Asia
o Rest of Asia-Pacific
• Middle East & Africa
o Saudi Arabia
o South Africa
o Rest of Middle East & Africa
• Central & South America
o Rest of South America