The global cashmere clothing market was valued at USD 2.80 billion in 2023 and is expected to reach USD 4.24 billion by 2030, expanding at a compound annual growth rate (CAGR) of 6.2% from 2024 to 2030. Cashmere garments continue to gain popularity worldwide, becoming emblematic of luxury, comfort, and style.
Sourced from the fine fibers of cashmere goats, this premium material is celebrated for its exceptional softness and warmth. The growing global demand for cashmere clothing reflects consumers' increasing preference for high-quality, natural fibers that offer both tactile appeal and long-term value.
The rise in demand is also influenced by fashion trends and celebrity endorsements, which have played a crucial role in boosting visibility and desirability. High-profile figures such as Taylor Swift, Kate Middleton, Emily Ratajkowski, Selena Gomez, and Carrie Underwood have been seen promoting or wearing cashmere clothing, enhancing its aspirational value. Notably, in September 2022, Gigi Hadid launched a direct-to-consumer cashmere brand called Guest In Residence, while Brad Pitt co-founded the luxury label God’s True Cashmere in January 2023. These initiatives have further amplified consumer interest in the category.
The growing popularity of cashmere garments is fueled by their luxurious feel, natural insulation, and lightweight warmth, which make them suitable across a variety of climates and occasions. These characteristics align closely with modern consumers’ focus on comfort, sustainability, and functional luxury, reinforcing the appeal of cashmere as a versatile wardrobe staple.
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Key Market Trends & Insights
Market Size & Forecast
Key Companies & Market Share Insights
Leading companies in the cashmere clothing market include Loro Piana S.P.A., WHITE + WARREN, Pringle of Scotland Limited, and LISA TODD:
Among the emerging players, brands such as 360Cashmere, TSE Cashmere, and Autumn Cashmere are gaining traction:
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Key Players
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Conclusion
The global cashmere clothing market is poised for steady growth through 2030, fueled by increasing consumer demand for premium, natural fibers, ongoing celebrity influence, and the evolving emphasis on sustainability and luxury fashion. With Europe maintaining its dominance in the market and women’s apparel leading in product segments, the future of cashmere clothing is anchored in both tradition and innovation. Established brands and emerging players alike are adapting to changing consumer expectations, offering stylish, functional, and ethically produced garments that continue to elevate cashmere as a luxury essential.