Global Cashmere Scarf Market Size, Share & Trends Report, by Type (Pure Cashmere, and Blended Cashmere) and by Application (Female, Male, and Child) Forecast (2022-2028)

The global cashmere scarf market is anticipated to grow at a moderate CAGR during the forecast period (2022-2028). The growing textile industry owing to an increase in government investments coupled with government initiatives is anticipated to drive the growth of the global cashmere scarf market. According to the data published by India Brand Equity Foundation (IBEF) in 2022, the textile industry has witnessed a surge in investments during the last five years. The industry attracted foreign direct investment (FDI) worth $3.93 billion from April 2000 to December 2021. Under the Union Budget 2022-2023, the total allocation for the textile sector was $1.62 billion. Out of this, $17.5 million is for the textile cluster development scheme, $13 million for National Technical Textiles Mission, and $1.96 million for Mega Integrated Textile Region and Apparel parks scheme and the production linked incentive scheme. Further, in 2021, the Ministry of Textiles approved the continuation of the comprehensive handicrafts cluster development scheme with a total outlay of $21.3 million. Through this mission, the government aimed to support domestic SMEs and local artisans. . Thus, such investments are anticipated to drive the growth of the global cashmere scarf market.

Moreover, the establishment of an effective platform for weavers, artisans, and craftsmen is anticipated to drive the growth of the market. For instance, in August 2021, Flipkart and Himachal Pradesh State Handicrafts and Handloom Corporation Ltd (HPSHHCL) signed a memorandum of understanding (MoU) to assist the state’s master craftsmen, weavers and artisans showcase their hallmark products on E-Commerce platforms. Thus, such initiatives are anticipated to fuel the demand for the global cashmere scarf market.

Looking toward the demand for cashmere scarf, key market players are adopting various strategies including mergers & acquisitions, geographical expansion, partnerships and collaborations, and new product launches, to stay competitive in the market. For instance, in July 2019, Janavi India launched the Paintbox collection at the Ritz London. The brand had highlighted their ethical cashmere collectibles that were retailed at the world’s shopping meccas such as Bergdorf Godman and Lane Crawford. Thus, such launches are anticipated to drive the growth of the global cashmere scarf market.

Market Coverage

• The market number available for – 2021-2028
• Base year- 2021
• Forecast period- 2022-2028
• Segment Covered-
  • By Type
  • By Application
• Regions Covered-
  • North America
  • Europe
  • Asia-Pacific
  • Rest of the World
• Competitive Landscape-  Dongrong Group, Cashmere Holding,  and Ningxia St.Edenwesis International Enterprises Group among others

Key questions addressed by the report

• What is the market growth rate?
• Which segment and region dominate the market in the base year?
• Which segment and region will project the fastest growth in the market?
• How has COVID-19 impacted the market?
  • Deviation from the pre-COVID-19 forecast
  • Most affected region and segment
• Who is the leader in the market?
• How players are addressing challenges to sustain growth?
• Where is the investment opportunity?

Global Cashmere Scarf Market Report by Segment

By Type

Pure Cashmere

Blended Cashmere

By Application

Female

Male

Child

Global Cashmere Scarf Market Report by Region

North America

• United States
• Canada

Europe

• UK
• Germany
• Italy
• Spain
• France
• Rest of Europe

Asia-Pacific

• China
• India
• Japan
• South Korea
• Rest of Asia-Pacific

Rest of the World

• Latin America
• Middle East & Africa