The global market for cashmere clothing is expected to experience a steady growth rate of 4.2% CAGR during the forecast period, rising from a value of USD 3.20 billion in 2022 to USD 3.33 billion in 2023, before reaching USD 4.44 billion in 2030, according to a report by Fortune Business Insights.

The women's demographic has the highest market share due to the variety of designs and garment choices available to them. Offline distribution channels hold the larger market share as luxury clothing consumers prefer to inspect the product’s quality and authenticity before purchase.

The COVID-19 pandemic caused a steep decline in market growth due to the shift in consumer demand from luxury products to essential commodities.

The European region has the largest market share, followed by North America. The production of cashmere yarns is expensive, and the supply of raw materials is limited, which can impede market development.

By Fashionating World
https://www.fashionatingworld.com/new1-2/women-s-fashion-drives-growth-in-global-cashmere-market