Cashmere Clothing Market - Global Industry Size, Share, Trends, Opportunity, and Forecast, 2021-2031

The Global Cashmere Clothing Market is projected to expand from USD 3.12 Billion in 2025 to USD 4.38 Billion by 2031, registering a CAGR of 5.82%. This sector is defined by premium apparel crafted from the delicate undercoat of cashmere goats, renowned for its exceptional warmth and lightweight properties. Growth is primarily fuelled by increasing global disposable income and a decisive consumer transition toward natural, high-performance materials that provide functional advantages over synthetic alternatives. Additionally, the proliferation of digital retail channels has greatly improved market reach, enabling producers to supply these luxury goods to a broad international audience beyond traditional physical stores.

Conversely, the industry encounters significant hurdles due to raw material instability resulting from climate change, which imperils the fragile ecosystems required for goat herding. Extreme weather patterns have the potential to decimate herd numbers and fiber yields, leading to severe supply deficits. For example, the Sustainable Fibre Alliance reported that the volume of certified cashmere available fell to 600 tonnes in 2024 from 1,322 tonnes the prior year, a decline attributed to harsh environmental conditions affecting livestock. Such supply chain volatility generates upward pricing pressure that threatens to impede wider market growth.

Market Drivers

A renewed appetite for enduring, high-caliber wardrobe essentials is transforming the market, as consumers pivot from fleeting fashion fads toward investment-grade garments characterized by longevity and superior material quality. This trend toward "quiet luxury" has prompted manufacturers to emphasize artisanal craftsmanship and premium fiber sourcing to substantiate higher price points, effectively shielding the luxury sector from mass-market fluctuations. As buyers increasingly treat cashmere as a durable asset rather than a seasonal purchase, the export value of finished items has climbed despite volume variations. According to the China Wool Textile Association in September 2025, the total export value of cashmere materials and products hit $866 million between January and July 2025, driven by higher average unit prices for sweaters and scarves as the mix shifts toward high-value goods.

Concurrently, growing consumer demand for ethically sourced and sustainable cashmere is compelling brands to implement transparent supply chains and eco-friendly manufacturing processes. Industry participants are increasingly funding low-carbon processing and energy-efficient technologies to satisfy the strict criteria of regulators and environmentally aware shoppers. As reported by the Erdos Group in October 2025 via China.org.cn, the firm realized an 11.43% decrease in carbon emissions for cashmere sweater production in 2023 relative to the prior year by utilizing energy-saving dyeing methods. This strategic shift toward value-added processing is further evidenced by trade data; the National Statistics Office of Mongolia noted in November 2025 that the nation exported 2,976 tons of combed cashmere in the first ten months of 2025, a 4.6-fold volume increase as the sector prioritizes processed, higher-value exports.

Market Challenges

The volatility of raw materials triggered by climate change represents a significant obstacle to the Global Cashmere Clothing Market's expansion. This issue destabilizes the industry by introducing extreme unpredictability into the supply chain, as cashmere yield is inextricably tied to grazing ecosystem conditions and the well-being of goat herds. Severe weather phenomena, specifically the harsh winters known as "dzuds," physically eliminate the livestock necessary for fiber production, causing an absolute shortage of raw materials. Unlike manageable logistical setbacks, livestock loss permanently lowers the season's output, forcing manufacturers to vie for diminishing resources. This scarcity drastically inflates procurement costs, compressing profit margins and hindering brands from maintaining steady pricing or scaling production to satisfy growing consumer interest.

The severity of this challenge is highlighted by recent statistics concerning livestock mortality rates. As stated by the Sustainable Fibre Alliance in 2024, extreme "dzud" conditions in Mongolia resulted in the death of roughly 2.5 million goats, signifying a critical reduction of the core biological asset upon which the market relies. This precipitous drop in the goat population leads directly to acute raw fiber shortages, restricting the industry's ability to expand operations and impeding market progress despite robust global demand for natural luxury items.

Market Trends

The adoption of regenerative agriculture sourcing is accelerating as brands aim to surpass basic sustainability measures by actively rehabilitating the degraded grasslands that sustain goat herds. Distinct from standard ethical certifications that center on animal welfare, this strategy emphasizes biodiversity, soil health, and carbon sequestration to combat desertification in critical areas such as Mongolia. Leading luxury groups are funding these efforts to ensure long-term raw material security against environmental threats. For instance, Kering's '2024 Annual Report for Regenerative Fund for Nature', released in August 2025, indicated that the company extended its regenerative agriculture initiative to cover 1.1 million hectares across its supply chains, including wool and cashmere, to limit the ecological footprint of fiber production.

Simultaneously, the sector is experiencing strong expansion in men's premium cashmere leisurewear, fuelled by shifting lifestyle preferences for versatile, comfortable clothing that suits both home and office environments. Manufacturers are broadening their male-focused product ranges to feature joggers, hoodies, and relaxed-fit polos, evolving beyond conventional formal knitwear. This segment is currently outpacing other categories as male shoppers prioritize functional luxury for everyday use. Evidencing this trend, Fibre2Fashion reported in September 2025 that Brunello Cucinelli achieved a 10.2% rise in half-year revenues within a total H1 revenue of €684.1 million; this growth was substantially bolstered by robust demand for exclusive leisure items and positive order intake for men's collections.

Key Players Profiled in the Cashmere Clothing Market

• Loro Piana S.P.A.
• Brunello Cucinelli S.p.A.
• Pringle of Scotland Limited
• Alyki - Felice De Palma & Co.
• Ermenegildo Zegna Holditalia S.p.A.
• SofiaCashmere
• Autumn Cashmere
• Malo
• Corso Italia S.p.A.
• TSE Cashmere

Report Scope

In this report, the Global Cashmere Clothing Market has been segmented into the following categories:

Cashmere Clothing Market, by Product Type:

• Sweaters & Coats
• Pants & Trousers
• Tees & Polo
• Others

Cashmere Clothing Market, by End User:

• Men
• Women

Cashmere Clothing Market, by Sales Channel:

• Supermarket/Hypermarket
• Specialty Stores
• Online
• Others

Cashmere Clothing Market, by Region:

• North America
• Europe
• Asia-Pacific
• South America
• Middle East & Africa

Competitive Landscape

Company Profiles: Detailed analysis of the major companies present in the Global Cashmere Clothing Market.

Available Customization

The analyst offers customization according to your specific needs. The following customization options are available for the report:

• Detailed analysis and profiling of additional market players (up to five).

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