Europe Cashmere Clothing Market Size & Outlook, 2023-2030
Europe cashmere clothing market, 2018-2030 (US$M)
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Europe cashmere clothing market highlights
- The Europe cashmere clothing market generated a revenue of USD 1,030.2 million in 2023.
- The market is expected to grow at a CAGR of 4.6% 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, Italy is expected to register the highest CAGR from 2024 to 2030.
Europe data book summary
| Market revenue in 2023 | USD 1,030.2 million |
| Market revenue in 2030 | USD 1,407.7 million |
| Growth rate | 4.6% (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, Europe region accounted for 36.8% 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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Europe 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 49.89% in 2023. Horizon Databook has segmented the Europe 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.
The European market for cashmere knitwear holds significant importance within the textile and clothing industry and is influenced by factors like fashion trends, consumer preferences, and economic dynamics. There has been a growing inclination for sustainable and ethically sourced fashion, propelling the demand for responsibly produced cashmere items.
According to statistics published by a YouGov survey in the European Fashion Report 2021, 42% of consumers in Europe consider buying ethical and sustainable clothes important, with sustainable fabrics and materials being the most important ecofriendly criteria when buying clothes.
Key players in the European cashmere clothing market include major cashmere producers and exporters from countries like Italy and Scotland. Distribution channels for cashmere knitwear in Europe include department stores, specialty boutiques, and online platforms.
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Horizon Databook provides a detailed overview of continent-level data and insights on the Europe cashmere clothing market , including forecasts for subscribers. This continent databook contains high-level insights into Europe cashmere clothing market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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Europe cashmere clothing market size, by country, 2018-2030 (US$M)
Europe Cashmere Clothing Market Outlook Share, 2023 & 2030 (US$M)
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