Market Forecast by Countries (South Africa, Nigeria, Kenya, Rest of Africa), By Type (Natural Cashmere Yarn, Processed Cashmere Yarn, Others), By Application (Sweaters, Shawls, Suits, Socks, Others) And Competitive Landscape
Product Code: ETC390255 | Publication Date: Aug 2022 | Updated Date: Jan 2025 | Product Type: Market Research Report | |
Publisher: 6Wresearch | No. of Pages: 200 | No. of Figures: 90 | No. of Tables: 30 | |
Report Name | Africa Cashmere Yarn Market |
Forecast period | 2025-2031 |
CAGR | 6.7% |
Growing Sector | Luxury Apparel |
Africa Cashmere Yarn Market report thoroughly covers the market By Countries, By Type, and By Application. The market outlook report provides an unbiased and detailed analysis of the ongoing market trends, opportunities/high growth areas, and market drivers which would help the stakeholders to devise and align their market strategies according to the current and future market dynamics.
According to Africa Cashmere Yarn Market is witnessing a notable surge in demand, driven by an increasing appreciation for luxury materials and a burgeoning local textile industry. This uptrend is supported by the continent's growing middle and upper-class consumers who are keen on high-quality, sustainable, and locally-produced goods. Additionally, Africa's potential for cashmere goat farming, coupled with investments in textile manufacturing technology, presents an opportunity for the continent to carve out a significant niche in the global cashmere market.
6Wresearch, the Africa Cashmere Yarn Market size is anticipated to grow, reaching at a CAGR of 6.7% during the forecast period of 2025-2031. The increasing demand for luxury apparel and the rising disposable incomes in several African countries are some of the pivotal factors spurring growth in the market. Additionally, the exclusive properties of cashmere, such as its softness, warmth, and durability, make it a coveted material in the fashion industry, further fueling its demand. However, challenges such as the limited availability of raw materials, primarily due to the low density of cashmere goats in Africa compared to other regions, and the high cost of production pose significant restraints to the Africa Cashmere Yarn Market Growth. Despite these challenges, there are emerging opportunities that could propel the market on its upward trajectory. For instance, advances in sustainable farming and production techniques could improve yield and quality, making Africa a more competitive player in the global market. Furthermore, the increasing emphasis on ethical fashion encourages the development of fair trade and ethically sourced cashmere, opening new avenues for African producers to tap into.
Several African countries have introduced a variety of government policies and schemes aimed at bolstering the Cashmere Yarn Market. These initiatives typically focus on sustainable farming practices, livestock welfare, and financial support to the local farmers and producers. By providing subsidies for cashmere production and offering training programs on advanced breeding techniques, these policies aim to enhance the quality and yield of cashmere. Additionally, some governments have established export incentives to promote international trade, making African cashmere more competitive in the global market.
There are several leading players in the Africa Cashmere Yarn Market which have been instrumental in driving innovation and global competitiveness. Companies such as African Cashmere Safaris and Cashmere Africa Limited stand out for their commitment to ethical sourcing and dedication to providing high-quality cashmere yarn.
The future of the Africa Cashmere Yarn Industry looks promising, driven by increasing global demand for sustainable and ethically produced cashmere. With enhanced support from government policies and a focus on sustainable practices, the market is expected to expand its reach, exploring new territories, and creating more opportunities for local communities. This growth is anticipated to bring about advancements in technology and production methods, further solidifying Africa's position as a key player in the global cashmere industry. Additionally, with a growing awareness of the environmental impact of fast fashion, consumers are increasingly turning towards more sustainable and ethical options, making African cashmere an attractive choice.
According to Sonali, Senior Research Analyst, 6Wresearch, Processed Cashmere Yarn is gaining momentum during the forecast period owing to its versatility and affordability compared to natural cashmere yarn.
By Application, Sweaters are dominating the Africa Cashmere Yarn Market Share over the projected period due to global demand for luxury and comfort in clothing. Also, consumers' increasing preference for sustainable and high-quality materials in their wardrobes has further propelled the popularity of cashmere sweaters.
The report offers a comprehensive study of the subsequent market segments:
1 Executive Summary |
2 Introduction |
2.1 Key Highlights of the Report |
2.2 Report Description |
2.3 Market Scope & Segmentation |
2.4 Research Methodology |
2.5 Assumptions |
3 Africa Cashmere Yarn Market Overview |
3.1 Africa Regional Macro Economic Indicators |
3.2 Africa Cashmere Yarn Market Revenues & Volume, 2021 & 2031F |
3.3 Africa Cashmere Yarn Market - Industry Life Cycle |
3.4 Africa Cashmere Yarn Market - Porter's Five Forces |
3.5 Africa Cashmere Yarn Market Revenues & Volume Share, By Countries, 2021 & 2031F |
3.6 Africa Cashmere Yarn Market Revenues & Volume Share, By Type, 2021 & 2031F |
3.7 Africa Cashmere Yarn Market Revenues & Volume Share, By Application, 2021 & 2031F |
4 Africa Cashmere Yarn Market Dynamics |
4.1 Impact Analysis |
4.2 Market Drivers |
4.3 Market Restraints |
5 Africa Cashmere Yarn Market Trends |
6 Africa Cashmere Yarn Market, 2021 - 2031 |
6.1 Africa Cashmere Yarn Market, Revenues & Volume, By Type, 2021 - 2031 |
6.2 Africa Cashmere Yarn Market, Revenues & Volume, By Application, 2021 - 2031 |
7 South Africa Cashmere Yarn Market, 2021 - 2031 |
7.1 South Africa Cashmere Yarn Market, Revenues & Volume, By Type, 2021 - 2031 |
7.2 South Africa Cashmere Yarn Market, Revenues & Volume, By Application, 2021 - 2031 |
8 Nigeria Cashmere Yarn Market, 2021 - 2031 |
8.1 Nigeria Cashmere Yarn Market, Revenues & Volume, By Type, 2021 - 2031 |
8.2 Nigeria Cashmere Yarn Market, Revenues & Volume, By Application, 2021 - 2031 |
9 Kenya Cashmere Yarn Market, 2021 - 2031 |
9.1 Kenya Cashmere Yarn Market, Revenues & Volume, By Type, 2021 - 2031 |
9.2 Kenya Cashmere Yarn Market, Revenues & Volume, By Application, 2021 - 2031 |
10 Rest of Africa Cashmere Yarn Market, 2021 - 2031 |
10.1 Rest of Africa Cashmere Yarn Market, Revenues & Volume, By Type, 2021 - 2031 |
10.2 Rest of Africa Cashmere Yarn Market, Revenues & Volume, By Application, 2021 - 2031 |
11 Africa Cashmere Yarn Market Key Performance Indicators |
12 Africa Cashmere Yarn Market - Opportunity Assessment |
12.1 Africa Cashmere Yarn Market Opportunity Assessment, By Countries, 2021 & 2031F |
12.2 Africa Cashmere Yarn Market Opportunity Assessment, By Type, 2021 & 2031F |
12.3 Africa Cashmere Yarn Market Opportunity Assessment, By Application, 2021 & 2031F |
13 Africa Cashmere Yarn Market - Competitive Landscape |
13.1 Africa Cashmere Yarn Market Revenue Share, By Companies, 2024 |
13.2 Africa Cashmere Yarn Market Competitive Benchmarking, By Operating and Technical Parameters |
14 Company Profiles |
15 Recommendations |
16 Disclaimer |