Brazil Cashmere Clothing Market Size & Outlook, 2023-2030
Brazil cashmere clothing market, 2018-2030 (US$M)
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Brazil cashmere clothing market highlights
- The Brazil cashmere clothing market generated a revenue of USD 24.5 million in 2023 and is expected to reach USD 41.6 million by 2030.
- The Brazil market is expected to grow at a CAGR of 7.9% 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.
Cashmere clothing market data book summary
| Market revenue in 2023 | USD 24.5 million |
| Market revenue in 2030 | USD 41.6 million |
| Growth rate | 7.9% (CAGR from 2023 to 2030) |
| Largest segment | Sweaters and coats |
| Fastest growing segment | Tees and Polo |
| Historical data | 2018 - 2022 |
| Base year | 2023 |
| Forecast period | 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, Brazil accounted for 0.9% of the global cashmere clothing market in 2023.
- Country-wise, China is expected to lead the global market in terms of revenue in 2030.
- In Latin America, Brazil cashmere clothing market is projected to lead the regional market in terms of revenue in 2030.
- Brazil is the fastest growing regional market in Latin America and is projected to reach USD 41.6 million by 2030.
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Cashmere Clothing Market Scope
Cashmere Clothing Market Companies
| Name | Profile | # Employees | HQ | Website |
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Brazil 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 49.8% in 2023. Horizon Databook has segmented the Brazil 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.
Established global apparel brands are looking to diversify their market presence beyond traditional strongholds like the U.S. and the U.K. and focus on increasing their investments in Brazil. These strategies allow brands to tap into new consumer bases and capture a share in lucrative new markets.
For instance, in April 2023, as part of its expansion strategy in Central America, Chinese fast fashion giant Shein announced an investment of USD 150 million to bolster the competitiveness of Brazilian textile manufacturers.
Over the next three years, the company plans to collaborate with 2,000 local manufacturers, resulting in the creation of approximately 100,000 jobs. This initiative aims to support Shein's production of its branded products. Through its premium luxury brand MOTF, Shein offers a range of cashmere apparel, such as sweaters, cardigans, socks, shawls, coats, and capes.
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Horizon Databook provides a detailed overview of country-level data and insights on the Brazil cashmere clothing market , including forecasts for subscribers. This country databook contains high-level insights into Brazil cashmere clothing market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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Brazil cashmere clothing market size, by product, 2018-2030 (US$M)
Brazil Cashmere Clothing Market Outlook Share, 2023 & 2030 (US$M)
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