What is Cashmere Yarn?
Cashmere yarn comes from rare fibers found in the undercoat of cashmere goats. These particular goats live mainly in Mongolia and China, a region characterized by wide temperature fluctuations between seasons. It has been used to make yarn, textiles, and clothing. Cashmere is finer, softer and lighter than sheep's wool, and can be three times more insulating. China and Mongolia are two of the leading producers of cashmere yarn as of 2019. China is dominating the market and it has become the largest producer of raw cashmere. Europe has mastered cashmere manufacturing methods and has cornered the market on premium quality products.
The market study is broken down by Type (Natural (Virgin) Cashmere Yarn and Processed (Recycled) Cashmere Yarn), by Application (Sweaters & Suits, Shawls & Scarves, Hats and Gloves and Home Furnishings and Soft Blankets) and major geographies with country level break-up.
The global cashmere yarn market is highly fragmented owing to the presence of a large number of players in the Asia Pacific and European regions. The most respected companies for yarn processing and for knitting are located in Italy and Scotland. However, in recent years the world has witnessed the emergence of lower cost and often much lower quality producers from China. China will remain the main exporter of cashmere for the foreseeable future. Analysts at AMA Research estimates that Vendors from China will contribute to the maximum growth of Global Cashmere Yarn market throughout the predicted period. Established and emerging Vendors should take a closer view at their existing organizations and reinvent traditional business and operating models to adapt to the future.
Bergere de France (France), Artyarns (United States), Debbie Bliss (United States), Erdos Group (China), Cariaggi (Italy), Tianshan Wool Tex Stock (China), Hongye Cashmere (China), Consinee Group (China), Jade Sapphire (China) and Todd & Duncan Limited (United Kingdom) are some of the key players that are part of study coverage. Additionally, the Vendors which are also part of the research coverage are King Deer Cashmere (China), Shengxuehai Cashamere Group (China), Lana Grossa GmbH (Germany), Rowan (United States) and Anzula (United States).
Segmentation Overview
AdvanceMarketAnalytics has segmented the market of Global Cashmere Yarn market by Type, Application and Region.
On the basis of geography, the market of Cashmere Yarn has been segmented into South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Taiwan, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico). If we see Market by Thickness, the sub-segment i.e. 15 Micron will boost the Cashmere Yarn market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth. If we see Market by Ply Count, the sub-segment i.e. 2 Ply will boost the Cashmere Yarn market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth.
Market Trend
- Eco-Cashmere Yarn, Sustainably Sourced and Produced Using Recycled Materials
Market Drivers
- Increasing demand for high-quality cashmere yarn and luxury yarn made products from consumers owing to a rise in disposable income, and the luxury lifestyle of people are some of the key factors driving the growth of the market.
- Demand owing to Lightweight and Insulating Property of the Cashmere Yarn
Opportunities
- Increasing use of cashmere yarn in the garment and fashion industry owing to superior quality and luxurious styles are creating lucrative opportunity in the European and other regional markets.
- Growing E-commerce Platform and Strong Distribution Channel
Restraints
- High Cost of Cashmere Yarn owing to the Complexity of the Manufacturing Process
- Extreme Care & Maintenance Needed
Challenges
- Scarcity of Raw Material and Difficulties in Sourcing
- Misleading and Mislabelling Information by Manufacturers
- Environmental Disaster
Key Target Audience
Cashmere Yarn Manufacturers, Garments and Fashion Industries, Research Institutes and Government, Traders/Exporters/Importers/Distributors and Industrial Bodies and Associations
About Approach
To evaluate and validate the market size various sources including primary and secondary analysis is utilized. AMA Research follows regulatory standards such as NAICS/SIC/ICB/TRCB, to have the better understanding of the market. The market study is conducted on basis of more than 200 companies dealing in the market regional as well as global areas with purpose to understand companys positioning regarding market value, volume and their market share for regional as well as global.
Further to bring relevance specific to any niche market we set and apply number of criteria like Geographic Footprints, Regional Segments of Revenue, Operational Centres, etc. The next step is to finalize a team (In-House + Data Agencies) who then starts collecting C & D level executives and profiles, Industry experts, Opinion leaders etc. and work towards appointment generation.
The primary research is performed by taking the interviews of executives of various companies dealing in the market as well as using the survey reports, research institute, and latest research reports. Meanwhile, analyst team keeps preparing set of questionnaires and after getting appointee list; the target audience are then tapped and segregated with various mediums and channels that are feasible for making connection that includes email communication, telephonic, skype, LinkedIn Group & InMail, Community Forums, Community Forums, open Survey, SurveyMonkey etc.