How Big is the Cashmere Market | Trends, and Luxury Fashion Growth 2025

Q: How big is the cashmere market?

The cashmere market was estimated at USD 3.0 billion in 2024 and is projected to reach USD 5.2 billion by 2031.

Q: What is the growth rate of the cashmere market?

The cashmere market is expected to grow at a CAGR of 5.8% between 2025 and 2031.

Q: What are the main drivers for the market?

Primary drivers include the rising demand for luxury textiles, growing fashion consumption in emerging markets, and increased sustainability awareness.

Q: Who are the leading players in the cashmere industry?

Top players include Loro Piana, Brunello Cucinelli, Erdos Group, Naadam, and Johnstons of Elgin.

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6W monitors the market across 60+ countries Globally, publishing an annual market outlook report that analyses trends, key drivers, Size, Volume, Revenue, opportunities, and market segments. This report offers comprehensive insights, helping businesses understand market dynamics and make informed decisions.

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Code: MTA5744

Publication Date: Jul 2025

What is the size of Cashmere Market?

According to 6Wresearch internal database and industry insights, the Cashmere Market was estimated at USD 3.0 billion in 2024 and is projected to reach USD 5.2 billion by 2031, growing at a CAGR of 5.8% during the forecast period 2025–2031.

Due to rising consumer demand for luxury fashion, premium textiles, and rising global demand of sustainable natural fibres, the market is predicted for the strong growth in the coming years.

Key Growth Drivers of the Cashmere Market

Increasing demand for high-end and luxury fashion products
Growing consumer interest in sustainable and eco-friendly materials
Expansion of e-commerce channels and direct-to-consumer luxury brands
Rising disposable income and lifestyle upgrades in emerging economies
Growth in cold-weather apparel demand across North America and Europe

Cashmere Market Trends

The cashmere market is moving forward with the notable trends such as shifting towards the sustainable sourcing, with traceable and ethical practices gaining importance among premium brands. This market is noticed the rise in blended yarns and recycled cashmere, offering both quality and affordability. Now, the consumers are seeking lightweight, seasonless cashmere garments suitable for all climates. Further, the brands are investing in transparent supply chains, animal welfare certification, and low-impact dyeing techniques to appeal to environmentally conscious buyers.

Emerging Developments in the Cashmere Market

Cashmere market is seeing new developments as the producers are investing in traceability tech like blockchain to ensure ethical sourcing from herders. Also, the recycled and regenerated cashmere is gaining traction as a sustainable alternative to virgin fibre. Aside from these, the luxury brands are launching lightweight, trans-seasonal collections to boost year-round demand. Research into animal welfare standards and grazing impact reduction is influencing production methods. Further, thecustom and 3D-knitted cashmere products are emerging through tech-enabled on-demand platforms.