Cashmere Market to grow with 3.81% CAGR by 2026
" COVID-19 Impact on Cashmere Market, size, share, growth, industry analysis, and forecast 2020-2026 "
Cashmere is produced by an exceptionally soft finish, resulting in fine fibers that are almost smooth to touch. It does not give any itchy quality of wool but provides warmth with no need to be wrapped in layers. Cashmere is extracted from the goats in a freezing climate. It is majorly sheared from one type of goat named Capra hircus goat, which grows a double fleece for insulation.
The cashmere yarn has surging demand due to intense cold conditions in few countries, which is a key factor in accelerating the cashmere market growth over the forecasted period. In addition, the market is obtaining huge traction, which is attracting more investors to seek forward for maximum growth in the following years. For example, in India, self-help groups and NGOs are propelling a high deployment of modern methods for production, which attracts investors to favor the cause. Moreover, pure cashmere being traditional, has gained less popularity even though the technological advancements have resulted in intense research, which has helped identify and separate pure cashmere from synthetic ones. For example, modern techniques such as computer vision and image processing methods are accelerating research-based tasks.
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Furthermore, the innovations in the cashmere products such as recycled cashmere products and active cashmere are also factors playing a prominent role in the cashmere market growth prospects.
The Cashmere Market research report titled “Cashmere Market based on Type, End-User Application and Geography – Global Forecast up to 2026.”
The top companies listed in the cashmere market report are The Cashmere Co-op, Bergere de France, Todd & Duncan (Zhongyin Cashmere Co), King Deer Cashmere, and Consinee Group.
In the cashmere market, the Asia Pacific region is dominating, ascribed to the enormous demands for pure cashmere. The high economic growth and increase in the number of cashmere manufacturers are projected to propel regional growth throughout the forecast period.
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The report consists of 74 Tables and 44 charts depicting the in-depth market study and the impact analysis of COVID-19. View detailed TOC here.
Cashmere Market on the basis of Type
Cashmere Market on the basis of End-User Application
Cashmere Market on the basis of Geography
- North America
- Asia Pacific
- Rest of the World