GVR Report cover Alpaca Apparel And Accessories Market Size, Share & Trends Report

Alpaca Apparel And Accessories Market Size, Share & Trends Analysis Report By Product (Apparel, Accessories), By End-user (Men, Women, Children), By Distribution Channel, By Region, And Segment Forecasts, 2023 - 2030

  • Report ID: GVR-4-68040-078-9
  • Number of Report Pages: 80
  • Format: PDF, Horizon Databook
  • Historical Range: 2017 - 2021
  • Forecast Period: 2023 - 2030 
  • Industry: Consumer Goods

Market Size & Trends

The global alpaca apparel and accessories market size was valued at USD 627.4 million in 2022 and is expected to grow at a compound annual growth rate (CAGR) of 7.1% from 2023 to 2030. The increasing demand for natural fashion accessories and clothing is driving the growth of the market in the coming years. Also, nowadays consumers are environmentally conscious and are seeking out products that are sustainable, ethical, and eco-friendly, which will likely drive the growth of the alpaca clothing market. Moreover, alpaca wool is considered to be soft, durable, and warm and provides efficient insulation to withstand cold climatic conditions. Alpaca wool is gaining huge traction among the cold climatic countries globally and the end products including sweaters, scarves, shawls, and jackets have undergone widespread sales in the cold climatic regions over the recent years.

U.S. Alpaca Apparel And Accessories market size and growth rate, 2023 - 2030

Furthermore, worldwide fashion and textile conferences hosted by important market participants in the alpaca space influenced the audience's preference for alpaca garments and accessories. This aspect will play a key role in driving the demand for alpaca apparel and accessories. For example, the International Alpaca Association (IAA) and Peruvian Government Agency (PROMPER) hosted Alpaca Fiesta 2021, which was a major feature of the 2021 textile conferences and event calendar. The event featured alpaca testimonials and movies, breeders, fashion presentations, debates, and seminars on a variety of themes linked to the sustainability and circularity of the alpaca value chain.

Companies are investing in research and development to improve the nutrition of alpacas, which is essential for enhancing the quality of their fiber. In addition, scientists are using various genetic tools to improve alpaca production and develop better fiber quality. These efforts are expected to drive the growth of the alpaca industry in the coming years. In November 2022, Wild Saint London introduced its latest scarf collection which is available in seven decadent colors including moss green, hot pink, sunflower yellow, and navy as well as undyed options. The latest scarf collection is made from 100% alpaca fibres from the baby alpaca.

Product Insights

Alpaca apparels dominated the market with a share of 74.2% in 2022 and is projected to maintain a dominant position throughout the forecast period. The demand for alpaca apparel is anticipated to be driven by high consumer spending power in North America and Europe as well as the region's favorable weather conditions that facilitates the consumption of sweaters and scarves made from alpaca wool. The sweaters, shawls, and scarves are not only soft, warm, and durable but are elegant and stylish, making them a perfect choice for the high-income demographic.

The insulating property of the alpaca wool will make it ideal for cold climates, which has allowed manufacturers to develop winter clothing products all around the globe. For instance in April 2022, Paka, a sustainable alpaca fibre apparel manufacturer, has developed the traceable alpaca sweater for the first time as part of its Origin program, which aims to demonstrate that regenerative and small scale farming practices are a viable road to a more connected and sustainable future.

End-user Insights

The women segment dominated the end-user category with a share of 73.90% in 2022. Women are indeed the primary consumers of clothing and accessories, and as such, they are a key demographic for manufacturers and designers of alpaca clothing. Many women are willing to spend more on high-quality, sustainable, and fashionable clothing, and alpaca fiber products are increasingly meeting these needs among the female population. The soft and luxurious feel of alpaca fiber makes it a desirable material for women's clothing, and the eco-friendly properties of the fiber further enhance its appeal. As a result, women continue to be a significant and growing segment of the alpaca fiber market.

Men category is expected to grow at a significant rate of 6.4% over the forecasted period as the clothing and accessories designed for men including men’s jackets, men’s sweaters, hoodies, and other clothing products are a popular choice among the men population who prioritize spending on high-end fashionable apparel and accessories. 

Distribution Channel Insights

The offline channel segment exhibited the leading growth of 71.41% in 2022. One of the key benefits of shopping at these stores is the professional guidance that is provided to customers. This can include advice on fit, style, and trends, as well as information on the ethical and environmental aspects of the products. Consumers may also appreciate the opportunity to learn more about the brands and designers represented in the store, which is a key indicator in driving the offline channel growth. Moreover, prominent brands in the global market have expanded their retail stores globally and have made the alpaca clothing and accessories readily available for purchase, which drives the users to spend from such branded stores.

Global Alpaca Apparel And Accessories Market share and size, 2022

The online channel segment is expected to be the fastest growing over the forecasted period with a CAGR of 8.3%. Online sales for alpaca clothing have witnessed immense growth in recent years. As consumers increasingly turn to e-commerce platforms for their shopping needs, manufacturers and retailers of alpaca clothing have also started to leverage the benefits of online sales channels. Online sales allow businesses to reach a wider audience, including customers in remote locations, and offer a convenient shopping experience. Additionally, online sales are more cost-effective than traditional brick-and-mortar stores, as they often require less overhead costs. As a result, many businesses in the alpaca clothing industry have expanded their online presence, and the growth of online sales is likely to continue in the coming years.

Regional Insights

North America dominated the alpaca apparel and accessories market with a share of over 36.28% in 2022. North America is expected to register the fastest growth in the alpaca fiber market during the forecast period and is likely to retain its dominance in the industry. This growth in alpaca fiber clothing production and retail is driven by increasing consumer awareness of the benefits of alpaca fiber, such as sustainability, durability, and softness. As consumers become more conscious about the environmental impact of their fashion choices, they are seeking out high-quality, sustainable clothing options like alpaca fiber. Additionally, the U.S. has a large population with a high spending capacity, making it an attractive market for manufacturers and designers of alpaca clothing and accessories. The combination of these factors is likely to drive the growth of the alpaca fiber market in North America in the coming years.

Alpaca Apparel And Accessories Market Trends, by Region, 2023 - 2030

Europe is also expected to witness significant growth in the alpaca apparel and accessories market during the forecast period. The region has a high demand for soft and comfortable winter wear, making alpaca fiber a desirable material for manufacturers and designers. In addition, the favorable weather conditions in the region, particularly during the winter months, make alpaca clothing and winter wear a popular choice among consumers seeking warmth and comfort.

Key Companies & Market Share Insights

The market for alpaca apparel and accessories is highly competitive, with a range of companies offering various products including sweaters, jackets, scarves, and shawls. Many big players are increasing their focus toward new product launches, partnerships, and expansion into new markets to compete effectively.

  • In November 2022, Y. & SONS and THE INOUE BROTHERS, using royal alpaca wool to create haori and kimono prepared from royal alpaca wool in partnership with the design studio ‘The INOUE BROTHERS’ and were made available on sale during the first week of December, 2022.

  • In January 2023, Bee & Alpaca, a sustainable fashion firm whose fun, creative, and fascinating clothing are bringing cheap eco-friendly fashion to the mainstream, showcased their latest upcycled creations at 'Just Around The Corner' on the 8th and 9th of January in 2023. The brand displayed styles from the SS23 and FW23 collections during the show. 

Some of the prominent players in the global alpaca apparel and accessories market include:

  • The Natural Fibre Company

  • Alpaca Direct, LLC

  • Plymouth Yarn Company, Inc.

  • Mary Maxim Inc

  • Alpaca Owners Association, Inc

  • Lion Brand Yarn

  • Berroco, Inc. 

  • Cascade Yarns

  • Malabrigo Yarn

  • Fil Katia

Alpaca Apparel and Accessories Market Report Scope

Report Attribute

Details

Market size value in 2023

USD 665.2 million

Revenue forecast in 2030

USD 1,085.5 million

Growth Rate

CAGR of 7.1% from 2023 to 2030

Base year for estimation

2022

Historical data

2017 - 2021

Forecast period

2023 - 2030

Quantitative units

Revenue in USD million and CAGR from 2023 to 2030

Report coverage

Revenue forecast, company ranking, competitive landscape, growth factors, and trends

Segments covered

Product, end-user, distribution channel, region

Regional scope

North America; Europe; Asia Pacific; Central & South America; Middle East & Africa

Country scope

U.S.; UK; Germany; France; Italy; China; Japan; Australia & New Zealand; Brazil

Key companies profiled

The Natural Fibre Company; Alpaca Direct, LLC; Plymouth Yarn Company, Inc.; Mary Maxim Inc; Alpaca Owners Association, Inc; Lion Brand Yarn; Berroco, Inc.; Cascade Yarns; Malabrigo Yarn; Fil Katia

Customization scope

Free report customization (equivalent up to 8 analysts working days) with purchase. Addition or alteration to country, regional & segment scope.

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Global Alpaca Apparel And Accessories Market Report Segmentation

This report forecasts revenue growth at global, regional, and country levels and provides an analysis of the latest industry trends in each of the sub-segments from 2017 to 2030. For the purpose of this study, Grand View Research has segmented the global alpaca apparel and accessories market report on the basis of product, end-user, distribution channel, and region.

  • Product Outlook (Revenue, USD Million, 2017 - 2030)

    • Apparel

    • Accessories

  • End-user Outlook (Revenue, USD Million, 2017 - 2030)

    • Men

    • Women

    • Children

  • Distribution Channel Outlook (Revenue, USD Million, 2017 - 2030)

    • Online

    • Offline

  • Regional Outlook (Revenue, USD Million, 2017 - 2030)

    • North America

      • U.S.

    • Europe

      • UK

      • Germany

      • France

      • Italy

    • Asia Pacific

      • China

      • Japan

      • Australia & New Zealand

    • Central & South America

      • Brazil

    • Middle East & Africa

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