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.
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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. 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).
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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