Cashmere Yarn Market: Business Growth, Development Factors, Applications, and Future Prospects

Cashmere is obtained from the soft fleecy under layer of a goat’s coat. Cashmere is a highly expensive and rare fiber. Cashmere yarn is majorly produced in the areas adjoining the Himalayas in Mongolia, India, China, and Pakistan. In certain parts of Asia Pacific, cashmere yarn is also known as pashmina. The rarity of cashmere yarns is owing to the geographically remote and exceptionally harsh conditions of its production, and the labor-intensive but refined skills required for every stage of processing. Cashmere can be used for a wide range of lightweight clothing product; ranging from scarves and shawls to light summer jackets. Cashmere is particularly effective in winter and is known for its heat retention characteristic. There are various types of cashmere, and it all depends on the environmental factors around the animal it comes from. The most expensive cashmere wool comes from the Himalayas, where the yarn is noted for its smooth, long straight fibers. The length and the thickness of the goat hair are key factors that make a difference in the quality of cashmere. Clothes made from cashmere are warmer than clothes made from sheep wool, despite being lighter.

Demand for cashmere yarn is expected to increase at a rapid pace during the forecast period. Demand for clothes made from cashmere is high across the globe due to the quality and rareness of cashmere fiber, which is expected to drive the cashmere yarn market. Additionally, consumer spending on cashmere yarn is rising due to increasing disposable income in countries such as China, India, and the U.S. This, in turn, has been boosting the cashmere yarn market for the last few years.

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Moreover, rising demand for cashmere yarn due to extreme cold conditions in certain countries is propelling the cashmere yarn market. Furthermore, increasing demand for cashmere yarn products due to its superior qualities such as extra soft fabric, high comfort, and lightweight, is anticipated to drive the cashmere yarn market. Asia Pacific is projected to be a major market for cashmere yarn during the forecast period. Asia Pacific has been a major supplier of cashmere yarn products as well as raw materials globally, with key participants and companies in the cashmere yarn product market based in Asia Pacific, primarily in China.

The global cashmere yarn market can be segmented based on type, product, application, end-user, distribution channel, and region. Based on type, the market can be classified into natural cashmere yarn, bleaching cashmere yarn, dyeing cashmere yarn, and others. In terms of product, the cashmere yarn market can be divided into sweaters, wool trouser, shawls, wool vest scarf, suits, socks, hat, and others. Based on end-user, the cashmere yarn market can be bifurcated into men and women. Based on distribution channel, the cashmere yarn market can be split into online and offline. The offline segment can be further sub-segmented into small retail stores, specialty stores, and large format stores (hypermarkets, supermarkets, departmental stores).

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In terms of region, the global cashmere yarn market can be categorized into Asia Pacific, Europe, North America, South America, and Middle East & Africa. Asia Pacific is expected to hold a major share of the global cashmere yarn market by the end of the forecast period. The cashmere yarn market in North America can be classified into the U.S., Canada, Mexico, and Rest of North America. Asia Pacific can be sub-segmented into China, India, New Zealand, Australia, and the Rest of Asia Pacific. Europe can be divided into the U.K., Germany, Italy, and Rest of Europe. Middle East and Africa market can be sub-segmented into GCC, South Africa, and Rest of Middle East and Africa.

Key players operating in the global cashmere yarn market include Artyarns, Hongye Cashmere Co., Ltd., Bergere de France, Todd & Duncan, Consinee Group, Ningxia Zhongyin Cashmere Co., Ltd., Consinee Woolen Fabrics Co., Ltd., Debbie Bliss Ltd, ERDOS CASHMERE GROUP, Lux Adorna Knits., Shengxuehai Cashamere Group, The Cashmere Co-op, King Deer Cashmere, and Jiayuan Cashmere.

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