Asia Pacific Cashmere Clothing Market Size & Outlook
Asia Pacific cashmere clothing market, 2018-2030 (US$M)
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Asia Pacific cashmere clothing market highlights
- The Asia Pacific cashmere clothing market generated a revenue of USD 892.7 million in 2023.
- The market is expected to grow at a CAGR of 7.4% from 2024 to 2030.
- In terms of segment, sweaters and coats was the largest revenue generating product in 2023.
- Tees and Polo is the most lucrative product segment registering the fastest growth during the forecast period.
- Country-wise, China is expected to register the highest CAGR from 2024 to 2030.
Asia Pacific data book summary
| Market revenue in 2023 | USD 892.7 million |
| Market revenue in 2030 | USD 1,469.6 million |
| Growth rate | 7.4% (CAGR from 2023 to 2030) |
| Largest segment | Sweaters and coats |
| Fastest growing segment | Tees and Polo |
| Historical data covered | 2018 - 2022 |
| Base year for estimation | 2023 |
| Forecast period covered | 2024 - 2030 |
| Quantitative units | Revenue in USD million |
| Market segmentation | Sweaters and Coats, Pants and Trousers, Tees and Polo |
| Key market players worldwide | Brunello Cucinelli SpA, The Naga Group AG, Repeat Cashmere, Lvmh Moet Hennessy Louis Vuitton SE, Pringle of Scotland, Autumn Cashmere, TSE Cashmere, 360Cashmere, White + Warren, Dawson Forte Cashmere, Lisa Todd, Gobi Cashmere |
Other key industry trends
- In terms of revenue, Asia Pacific region accounted for 31.9% of the global cashmere clothing market in 2023.
- Globally, Asia Pacific is projected to lead the regional market in terms of revenue in 2030.
- Latin America is the fastest growing regional market and is projected to reach USD 126.0 million by 2030.
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Cashmere Clothing Market Scope
Cashmere Clothing Market Companies
| Name | Profile | # Employees | HQ | Website |
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Asia Pacific cashmere clothing market outlook
The databook is designed to serve as a comprehensive guide to navigating this sector. The databook focuses on market statistics denoted in the form of revenue and y-o-y growth and CAGR across the globe and regions. A detailed competitive and opportunity analyses related to cashmere clothing market will help companies and investors design strategic landscapes.
Sweaters and coats was the largest segment with a revenue share of 52.49% in 2023. Horizon Databook has segmented the Asia Pacific cashmere clothing market based on sweaters and coats, pants and trousers, tees and polo covering the revenue growth of each sub-segment from 2018 to 2030.
In the Asia Pacific, China is the leading global raw cashmere producer, accounting for over 60 percent of the total supply. Following closely, Mongolia holds the second position, contributing over 25 percent. By 2000, China was already purchasing more than half of Mongolia's raw cashmere, consolidating its influence over the industry and pricing dynamics.
Despite the dominance of China and Mongolia in cashmere production, several other countries also contribute to the global production of cashmere. Countries like Afghanistan, India, Iran, Turkey, and Pakistan are recognized for their cashmere production.
Brands like Uniqlo, Gobi Cashmere, Erdos, and Oats Cashmere are recognized for their innovative approaches to cashmere production techniques and their ability to cater to a wide range of consumers. These brands prioritize innovation in their clothing lines to meet the growing demand for fashionable garments.
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Our clientele includes a mix of cashmere clothing market companies, investment firms, advisory firms & academic institutions.
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Horizon Databook provides a detailed overview of continent-level data and insights on the Asia Pacific cashmere clothing market , including forecasts for subscribers. This continent databook contains high-level insights into Asia Pacific cashmere clothing market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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Asia Pacific cashmere clothing market size, by country, 2018-2030 (US$M)
Asia Pacific Cashmere Clothing Market Outlook Share, 2023 & 2030 (US$M)
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