The global cashmere clothing market share was valued at USD 3.20 Billion in 2022 and is expected to be worth USD 3.33 Billion in 2023. The industry is projected to be valued at USD 4.44 Billion by 2030, recording a CAGR of 4.2% during the forecast period.

Cashmere is one of the most luxurious types of wool. This type of wool grows best during the cold season, and countries, such as China and Mongolia are the main manufacturers of this wool, having a combined share of nearly 90%. Since clothes made from cashmere are incredibly soft, insulating, and warm, they are quite desirable for winter wear clothing. Cashmere clothing is much warmer and lighter than those made from sheep’s wool. According to data by the Gobi Group Holding, China was one of the leading producers of cashmere cloths in 2021 and is expected to hold a leading share in the forecast period.

Fortune Business Insights™ presents this information in a report titled, "Global Cashmere Clothing Market, 2023-2030."

List of Key Players Profiled in the Cashmere Clothing Market Report:

Burberry Group plc. (U.K.)
Brunello Cucinelli S.p.A. (Italy)
Ermenegildo Zegna Holditalia S.p.A. (Italy)
Herms International S.A. (France)
LVMH Moet Hennessy Louis Vuitton SE (France)
White + Warren (U.S.)
NakedCashmere (U.S.)
Autumn Cashmere Inc. (U.S.)
Huzhou Zhenbei Cashmere Products Co. Ltd. (China)
Kering S.A. (France)