Cashmere Clothing Market - Global Industry analysis and forecast (2025-2032)
The Global Cashmere Clothing Market size was valued at USD 2.84 Billion in 2024. The Market is expected to grow at a CAGR of 5.4%, reaching nearly USD 4.33 Billion during the forecast period of 2025-2032.
Format : PDF | Report ID : SMR_2474
Cashmere Clothing Market Overview
Cashmere clothes are obtained from cashmere wool which is usually known as cashmere, is a fibre get from cashmere goats, pashmina goats and some other breeds. It has been used to make yam, textile and clothing for hundreds of years. The Cashmere Clothing market is profitable segment of the fashion industry, driven by the high demand for premium and sustainable fashion and high-quality natural fibres. The market includes the products like sweaters, coats, trousers, Polo T-shirts, Pants and other accessories.
The cashmere clothing market is expected to grow during the forecast period of 2025-2032, driven by the increasing demand for premium Cashmere cloths because of it is considered as a Lightweight and smooth clothing apparel. The limited supply of Raw material like Cashmere wool gets from the undercoats of cashmere goats in Mongolia. The leading markets regions include North America, Europe, and Asia-Pacific, especially China and India, due to their growing middle-class populations and increasing fashion awareness. Cashmere Cloths become very popular in countries like France because of its heat insulted properties.
Cashmere clothing market include the key players like Loro Piana, S.P.A., WHITE + WARREN, Pringle of Scotland Limited., Alyuki Gobi Cashmere, and Burberry, among others. These companies’ brands are known for their premium offerings. The production of the quality of cashmere is affected by climate changes and weather condition of the Mongolia. Cashmere is an expensive raw material and the production process is leading to high costs for the final Clothes. Overall, the cashmere clothing market presents a full of opportunities and challenges, with a strongly rely on quality, sustainability, and consumer preferences shaping its future.
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Cashmere Clothing Market Dynamics
Drivers
Rising incomes and demand for luxury, sustainable cashmere clothing fuel global market growth.
The several factors include rising demand for high-quality clothes and luxurious clothes, the adoption of fashionable and sustainable garments is expected to fuel market growth. The rising income among the working population and the inclination of millennial towards the trends to spend on luxury and premium products have attributed to a steep rise in demand for cashmere clothing products globally. The Cashmere clothes has driven the demand due the materials properties like lightweight, warm, smooth wool and comfort. Beyond T-shirts, jeans, and yoga pants, companies that made formal wear mandatory in offices now plan to allow polo shirts, half-zip fleece jackets, or short-sleeve button-ups. These aspects will fuel the usage of cashmere wool, further enhancing the market outlook. These clothes are widely used in industrialized countries and are regarded as premium goods. Global market expansion is anticipated to be fueled by increased demand for high-quality clothing and the uptake of fashionable and upscale apparel.
E-commerce boosts cashmere clothing market growth by offering convenience, cost savings, and widespread online availability.
E-commerce retail channels are crucial in distributing cashmere apparel as they generate significant market revenue. Clothing made of cashmere yarn is becoming much more popular and in high demand because of the availability of clothes on online platforms. The ongoing digitalization in major countries and the consequents internet perpetrating have made social, media websites an ideal channel for increasing awareness about cashmere clothing in several regions where the market was not sufficiently large. Customers have demonstrated a heightened inclination toward E-commerce platforms for acquiring a wide range of everyday products due to the advantages of flexibility, convenience, and cost savings online shopping offers. These factors contribute to the expansion of the cashmere clothing market.
Opportunities
Collaborations with influencers and celebrity endorsement
Collaboration and partnerships are essential for addressing the complex challenges of the cashmere clothing industry. High profile individuals and fashion influencers often showcase and promote cashmere clothes. Their endorsement creates aspiration and demand. Strategic advertising and marketing activities like collaboration and partnership with celebrities will increase the demand of the cashmere clothes.
Multi-stakeholder initiatives and Investments in fashion industry promote sustainable development.
The market participants continue to invest in advancements of the fashion product for a better and improved design and comfort, which is expected to provide growth opportunities for the market over the forecast period. The market for cashmere clothing will continue to grow due to rising consumer awareness in several regions where the size of the market was small. Collaborative initiatives involving producers, brands, governments, NGOs, and consumers can support sustainable development. Sharing knowledge, resources, and best practices enhances collective efforts and drives positive change. Several key players are adopting lucrative marketing strategies and investing in innovation in the design and comfort of fashion products.
Challenges
Cashmere Clothing market hit by climate change and high costs, impacting production and affordability.
Cashmere clothing market are facing the challenge like Climate change and High Cost of cloths due to their high production cost and raising the demand for the fabric. Cashmere forms almost 7 percent of the total global luxury industry alone, that’s why cashmere wools demand is high. Cashmere Cloths are made from the belly hair of goats roaming across the steppes of Mongolia using various technologies. But since the 1940 the temperature in magnolia is risen by 4 degree and off-course this badly impact on the goats and production of the cashmere wools as well. Additionally, it is anticipated that the lack of raw materials will negatively affect market expansion. The high prices further hinder customer affordability, which restrains the expansion of the cashmere clothing market. These two challenges are compounded by the crashing prices for raw cashmere and due to this Mongolia’s largest processing factory, Gobi Cashmere, has already laid off 10 percent of its staff and insiders report that many brands have pulled back on purchases.
Cashmere Clothing Market Segment Analysis
By Product Type
The sweaters and coats segment are a major contributor to the market and it held the largest share of the cashmere clothing market in 2024. This segment is popular for premium and luxurious Sweaters and coats, that offer both warmth and style. The versatility in designs, from classic cardigans to modern, trendy coats, appeals to a wide range of age groups and fashion preferences, making this segment a consistent market leader. Cashmere sweaters are most prefers in the Europe and U.S.A. due to extremely cold weather. The pants and trousers segment, though smaller compared to sweaters and coats, is gaining traction in the cashmere market. Customers looking for comfort and luxury in their daily were are provided by these products.
Cashmere polo T-shirts and tees are a raising segment that combines casual wear with luxury products. These items are more popular among young consumers and those are looking for blend of casual style and the soft, luxurious touch of cashmere. This segment highlights the versatility of cashmere in adapting to various styles and preferences, extending its appeal beyond traditional winter wear. Today, cashmere polo shirts and half-zip fleece jackets are allowed for using in office as an office ware instead off formal wears. Other segments include various cashmere products such as dresses, skirts, scarves, and accessories.
By End user Type
Based on the End user segment the market is divided into the Men, Women and kids’ cashmere clothing. The women segment has the highest market share as market players are offering a wide variety of cashmere products for women. In The women segment variety of designs available in sweaters & coats, bottom wear, and cashmere accessories, such as gloves.Market players are launching new products to fulfil the increasing demand for cashmere clothing market.
Men’s cashmere clothing market is anticipated to grow from 2025-2032. Cashmere is no longer confined to classic sweaters, innovative designers are experimenting with bolder styles and cuts, creating a wider range of appealing options for men-from cardigans and scarves to trousers and even joggers
The kids’ segments will also showcase a slight growth during the forecast period due to new product launches. For instance, luxury fashion brand The Row launched its first-ever kid's collection. The product range included pants, crewnecks, belted cardigans, and beanies.
Cashmere Clothing Market Regional Insights
Europe holds the largest market share for the cashmere clothing market, in 2024. European consumers have a more preference for luxury and premium products and the cashmere is recognized as a high quality, sustainably sourced cashmere. This preference drives demand for cashmere clothing in the region. Also, the consumers are increasingly becoming aware of sustainability and ethical production practices. Cashmere, when sourced and produced responsibly, can appeal to this market segment. Furthermore, well known luxury brands in Europe have strong marketing campaigns and brand presence, which promote cashmere clothing as a desirable product. Besides this, the expansion of online retail platforms in Europe has made it easier for consumers to access a wide range of cashmere products from both local and international brands.
- In October 2023, the Italian company Loro Piana reopened its flagship store in Dubai. The store offers a posh shopping experience with its innovative concept. The store has a private entrance for VIP customers and is spread across two floors. With its use of warm hues, natural materials, and distinctive marble and wood accents, the interior design exudes Loro Piana's recognizable style. Terracotta ceramic tiles have been used to redesign the store's façade, which is inspired by Loro Piana fabrics.
North America is expected to witness the fastest growth during the forecast period 2025-2032. Due to the huge demand for upscale apparel, the U.S. is the main market in this area. In United States, there is a robust market driven by consumers' affinity for luxury items and conscious manufacturing practices, trends similarly reflected on a smaller scale in Canada. Furthermore, because of the rising disposable income and higher sales of these products in the regions expanding economies.
Import-Export Analysis of Cashmere Clothing Market
Countries like Mongolia, China, and Nepal are major exporters due to their extensive cashmere production capabilities and high-quality cashmere fibres. Mongolia and China particularly dominant in the market due to their extensive cashmere herding and processing industries. Their cashmere products are highly valued worldwide, driven by demand for luxury and high-quality apparel.
Countries with strong fashion and retail industries, such as the United States, Italy, and France, are major importers of cashmere clothing. These countries import large volumes of cashmere to supply their high-end fashion markets and consumer preferences for luxurious and comfortable garments. The U.S., Italy, and France use their well-established fashion industries and global retail networks to distribute cashmere products, often sourcing them from producers in Mongolia and China.
Cashmere Clothing Market Competitive Landscape
The global Cashmere Clothing market is highly competitive by prominent players who are crucial in developing Luxurious and Fashionable products for end users. Loro Piana S.P.A., White + Warren, Pringle of Scotland Limited., and Gobi Cashmere are some of the dominant players operating in cashmere clothing market.
Gobi Cashmere is the largest cashmere manufacturer in Mongolia and ranks among the top five globally. The main supplier of the company is 500 thousand of Mongolian herders. GOBI’s average price is focusing on high revenue customers of the Mongolian market. Gobi uses the specific strategies like price discount, cheaper products, manufacturing cost reduction and prestige good. With branches in Berlin, Tokyo, Hamburg, and Moscow, Gobi Cashmere has established a strong international footprint. Companies maintain marketing expenditures or raise them slightly to meet competition and continue to educate the market.
White + Warren, the New York-based brand known for luxurious cashmere sweaters. White + Warren offers a range of cashmere essentials including sweaters, cardigans and wraps. Their iconic essentials feature versatile, soft and timeless pieces that belongs in every women’s wardrobes. White + Warren offers stylish and affordable women’s knitwear, perfect for any reasons. Cashmere clothing combines luxury comfort and style making it a better choice for the winter wear.
• In January 2024, White + Warren announced that it would be launching a limited-edition collection in conjunction with the Metropolitan Museum of Art. The upscale knitwear company and the cultural institution collaborated to launch a 10-item winter cashmere capsule collection. Two tapestries, "Arms of Greder Family of Solothurn, Switzerland" and "Fragment of a Tapestry or Wall Hanging," served as the inspiration for the collection. Additionally, White + Warren's travel wrap and The Met's vintage Renaissance M logo were embroidered on cashmere beanies in the collection. The partnership was sold at the gift shop of The Metropolitan Museum of Art as well as on WhiteandWarren.com.
Cashmere Clothing Market Scope |
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Market Size in 2024 |
USD 2.84 Billion |
Market Size in 2032 |
USD 4.33 Billion |
CAGR (2025-2032) |
5.4% |
Historic Data |
2019-2024 |
Base Year |
2024 |
Forecast Period |
2025-2032 |
Segments |
By Product Type
|
By Sources
|
|
By Distribution channel
|
|
By End User
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Cashmere Clothing Market Key Regions
- North America (U.S., Canada)
- Europe (France, The UK, Spain, Germany, Italy, Rest of Europe)
- Asia Pacific (China, Japan, India, South Korea, Southeast Asia, Rest of Asia Pacific)
- South America (Brazil, Mexico, Rest of South America)
- Middle East & Africa (GCC, South Africa, Rest of Middle East & Africa)
Key players
- Loro Piana S.P.A.
- Brunello Cucinelli S.p.A.
- White + Warren
- Alyki - Felice De Palma & Co.
- Pringle of Scotland Limited
- Ermenegildo Zegna Holditalia S.p.A.
- SofiaCashmere
- Autumn Cashmere
- Malo
- Corso Italia S.p.A.
- TSE & Cashmere House, Inc
- Jennie Liu
- Herms International S.A.
- Huzhou Zhenbei Cashmere Products Co. Ltd.
- Ralph Lauren Media LLC
- Burberry Group plc
- Giorgio Armani S.p.A
- Gobi Cashmere
- Gold Brothers
- Kiki de Montparnasse
- Aran Sweater Market
- Dawson Forte Cashmere
- JM Knitwear Pvt. Ltd.
- KINROSS CASHMERE
- 360CASHMERE
- Citizen Cashmere Ltd.
Frequently Asked Questions
Europe and North America are regional markets which dominate the Cashmere clothing market in 2024.
Loro Piana S.P.A., WHITE + WARREN, Pringle of Scotland Limited., and Gobi Cashmere are some of the dominant players in the cashmere clothing market.
Sweaters and coats is the most attractive type in the cashmere clothing market.
Product Type segment accounted for the largest cashmere clothing market share in 2024.
1. Cashmere Clothing Market: Research Methodology
2. Cashmere Clothing Market: Competitive Landscape
2.1. Stellar Competition Matrix
2.2. Competitive Landscape
2.3. Key Players Benchmarking
2.4. Market Structure
2.4.1. Market Leaders
2.4.2. Market Followers
2.4.3. Emerging Players
2.5. Consolidation of the Market
3. Cashmere Clothing Market: Executive Summary
4. Cashmere Clothing Market: Dynamics
4.1. Market Drivers
4.2. Market Restraints
4.3. Market Opportunities
4.4. Market Challenges
4.5. Regulatory Landscape by Region
4.5.1. North America
4.5.2. Europe
4.5.3. Asia Pacific
4.5.4. Middle East and Africa
4.5.5. South America
5. Cashmere Clothing Market Size and Forecast by Segments (by Value USD Billion)
5.1. Cashmere Clothing Market Size and Forecast, by Product Type (2024-2032)
5.1.1. Sweaters & Coats
5.1.2. Pants & Trousers
5.1.3. Tees & Polo
5.1.4. Others
5.2. Cashmere Clothing Market Size and Forecast, by Source (2024-2032)
5.2.1. Cashmere Goats
5.2.2. Pashmina Goats
5.3. Cashmere Clothing Market Size and Forecast, by Distribution Channels (2024-2032)
5.3.1. Online
5.3.2. Offline
5.3.3. Others
5.4. Cashmere Clothing Market Size and Forecast, by End Users (2024-2032)
5.4.1. Men
5.4.2. Women
5.4.3. Kids
5.5. Cashmere Clothing Market Size and Forecast, by Region (2024-2032)
5.5.1. North America
5.5.2. Europe
5.5.3. Asia Pacific
5.5.4. Middle East and Africa
5.5.5. South America
6. North America Cashmere Clothing Market Size and Forecast (by Value USD Billion)
6.1. North America Cashmere Clothing Market Size and Forecast, by Product Type (2024-2032)
6.1.1. Sweaters & Coats
6.1.2. Pants & Trousers
6.1.3. Tees & Polo
6.1.4. Others
6.2. North America Cashmere Clothing Market Size and Forecast, by Source (2024-2032)
6.2.1. Cashmere Goats
6.2.2. Pashmina Goats
6.3. North America Cashmere Clothing Market Size and Forecast, by Distribution Channels (2024-2032)
6.3.1. Online
6.3.2. Offline
6.3.3. Others
6.4. North America Cashmere Clothing Market Size and Forecast, by End Users (2024-2032)
6.4.1. Men
6.4.2. Women
6.4.3. Kids
6.5. North America Cashmere Clothing Market Size and Forecast, by Country (2024-2032)
6.5.1. United States
6.5.2. Canada
6.5.3. Mexico
7. Europe Cashmere Clothing Market Size and Forecast (by Value USD Billion)
7.1. Europe Cashmere Clothing Market Size and Forecast, by Product Type (2024-2032)
7.1.1. Sweaters & Coats
7.1.2. Pants & Trousers
7.1.3. Tees & Polo
7.1.4. Others
7.2. Europe Cashmere Clothing Market Size and Forecast, by Source (2024-2032)
7.2.1. Cashmere Goats
7.2.2. Pashmina Goats
7.3. Europe Cashmere Clothing Market Size and Forecast, by Distribution Channels (2024-2032)
7.3.1. Online
7.3.2. Offline
7.3.3. Others
7.4. Europe Cashmere Clothing Market Size and Forecast, by End Users (2024-2032)
7.4.1. Men
7.4.2. Women
7.4.3. Kids
7.5. Europe Cashmere Clothing Market Size and Forecast, by Country (2024-2032)
7.5.1. UK
7.5.2. France
7.5.3. Germany
7.5.4. Italy
7.5.5. Spain
7.5.6. Sweden
7.5.7. Austria
7.5.8. Rest of Europe
8. Asia Pacific Cashmere Clothing Market Size and Forecast (by Value USD Billion)
8.1. Asia Pacific Cashmere Clothing Market Size and Forecast, by Product Type (2024-2032)
8.1.1. Sweaters & Coats
8.1.2. Pants & Trousers
8.1.3. Tees & Polo
8.1.4. Others
8.2. Asia Pacific Cashmere Clothing Market Size and Forecast, by Source (2024-2032)
8.2.1. Cashmere Goats
8.2.2. Pashmina Goats
8.3. Asia Pacific Cashmere Clothing Market Size and Forecast, by Distribution Channels (2024-2032)
8.3.1. Online
8.3.2. Offline
8.3.3. Others
8.4. Asia Pacific Cashmere Clothing Market Size and Forecast, by End Users (2024-2032)
8.4.1. Men
8.4.2. Women
8.4.3. Kids
8.5. Asia Pacific Cashmere Clothing Market Size and Forecast, by Country (2024-2032)
8.5.1. China
8.5.2. S Korea
8.5.3. Japan
8.5.4. India
8.5.5. Australia
8.5.6. Indonesia
8.5.7. Malaysia
8.5.8. Vietnam
8.5.9. Taiwan
8.5.10. Bangladesh
8.5.11. Pakistan
8.5.12. Rest of Asia Pacific
9. Middle East and Africa Cashmere Clothing Market Size and Forecast (by Value USD Billion)
9.1. Middle East and Africa Cashmere Clothing Market Size and Forecast, by Product Type (2024-2032)
9.1.1. Sweaters & Coats
9.1.2. Pants & Trousers
9.1.3. Tees & Polo
9.1.4. Others
9.2. Middle East and Africa Cashmere Clothing Market Size and Forecast, by Source (2024-2032)
9.2.1. Cashmere Goats
9.2.2. Pashmina Goats
9.3. Middle East and Africa Cashmere Clothing Market Size and Forecast, by Distribution Channels (2024-2032)
9.3.1. Online
9.3.2. Offline
9.3.3. Others
9.4. Middle East and Africa Cashmere Clothing Market Size and Forecast, by End Users (2024-2032)
9.4.1. Men
9.4.2. Women
9.4.3. Kids
9.5. Middle East and Africa Cashmere Clothing market Size and Forecast, by Country (2024-2032)
9.5.1. South Africa
9.5.2. GCC
9.5.3. Egypt
9.5.4. Nigeria
9.5.5. Rest of MEA
10. South America Cashmere Clothing Market Size and Forecast (by Value USD Billion)
10.1. South America Cashmere Clothing Market Size and Forecast, by Product Type (2024-2032)
10.1.1. Sweaters & Coats
10.1.2. Pants & Trousers
10.1.3. Tees & Polo
10.1.4. Others
10.2. South America Cashmere Clothing Market Size and Forecast, by Source (2024-2032)
10.2.1. Cashmere Goats
10.2.2. Pashmina Goats
10.3. South America Cashmere Clothing Market Size and Forecast, by Distribution Channels (2024-2032)
10.3.1. Online
10.3.2. Offline
10.3.3. Others
10.4. South America Cashmere Clothing Market Size and Forecast, by End Users (2024-2032)
10.4.1. Men
10.4.2. Women
10.4.3. Kids
10.5. South America Cashmere Clothing Market Size and Forecast, by Country (2024-2032)
10.5.1. Brazil
10.5.2. Mexico
10.5.3. Rest of South America
11. Company Profile: Key players
11.1. WHITE + WARREN
11.1.1. Company Overview
11.1.2. Financial Overview
11.1.3. Business Portfolio
11.1.4. SWOT Analysis
11.1.5. Business Strategy
11.1.6. Recent Developments
11.2. Loro Piana S.P.A.
11.3. Brunello Cucinelli S.p.A.
11.4. Alyki - Felice De Palma & Co.
11.5. Pringle of Scotland Limited
11.6. Ermenegildo Zegna Holditalia S.p.A.
11.7. SofiaCashmere
11.8. Autumn Cashmere
11.9. Malo
11.10. Corso Italia S.p.A.
11.11. TSE & Cashmere House, Inc
11.12. Jennie Liu
11.13. Herms International S.A.
11.14. Huzhou Zhenbei Cashmere Products Co. Ltd.
11.15. Ralph Lauren Media LLC
11.16. Burberry Group plc
11.17. Giorgio Armani S.p.A
11.18. Gobi Cashmere
11.19. Gold Brothers,
11.20. Kiki de Montparnasse
11.21. Aran Sweater Market
11.22. Dawson Forte Cashmere
11.23. JM Knitwear Pvt. Ltd.
11.24. KINROSS CASHMERE
11.25. 360CASHMERE
11.26. Citizen Cashmere Ltd.
12. Key Findings
13. Industry Recommendations