The Asia Pacific Cashmere Clothing Market would witness market growth of 6.5% CAGR during the forecast period (2024-2031). In the year 2022, the Asia Pacific market's volume surged to 3,607.6 thousand units, showcasing a growth of 18.6% (2020-2023).
Sweaters crafted from cashmere offer unparalleled warmth and comfort, making them ideal for colder climates or fashionable layering year-round. Cashmere coats provide both style and functionality, with their lightweight yet insulating properties, perfect for a sophisticated outerwear option. Thus, the China market would utilize 1,837.8 thousand units of cashmere clothing by 2031.
The China market dominated the Asia Pacific Cashmere Clothing Market by Country in 2023, and would continue to be a dominant market till 2031; thereby, achieving a market value of $343.4 million by 2031. The Japan market is registering a CAGR of 5.8% during (2024 - 2031). Additionally, The India market would showcase a CAGR of 7.1% during (2024 - 2031).
The fusion of fashion and functionality has propelled cashmere into the realm of athleisure and performance apparel. Innovations in textile technology have enabled the development of lightweight, moisture-wicking cashmere blends ideal for activewear.
Additionally, cashmere's most celebrated characteristic is its unparalleled softness, which stems from the fine fibers of the Kashmir goat's undercoat. The delicate fibers are meticulously hand-combed or carefully sheared to preserve their natural softness, resulting in a luxurious fabric against the skin.
China is one of the largest raw cashmere producers, particularly in regions like Inner Mongolia. The growth of its textile industry enhances the efficiency and scale of cashmere processing, leading to increased production. This expanded supply can stabilize or reduce raw material costs, making cashmere clothing more accessible to a broader market.
Free Valuable Insights: The Global Cashmere Clothing Market is Predict to reach USD 4.2 Billion by 2031, at a CAGR of 6 %
Based on End User, the market is segmented into Women and Men. Based on Product, the market is segmented into Sweaters & Coats, Pants & Trousers, Tees & Polo and Others. Based on Distribution Channel, the market is segmented into Offline and Online. Based on countries, the market is segmented into China, Japan, India, South Korea, Australia, Malaysia, and Rest of Asia Pacific.
By End-user (Volume, Thousand Units, USD Billion, 2020-2031)
By Product (Volume, Thousand Units, USD Billion, 2020-2031)
By Distribution Channel (Volume, Thousand Units, USD Billion, 2020-2031)
By Country (Volume, Thousand Units, USD Billion, 2020-2031)
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