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Booming High-Fashion Industry Is Set To Drive Luxury Cosmetic Cashmere Demand

The global fashion luxury cashmere clothing market is expected to witness a staggering growth during the forecast period. Factors such as expansion of the traditional textile industry into the revolutionary classified high fashion category has majorly driven the market growth. 

Raw materials are generally sourced in isolated and remote locations such as Iraq, Afghanistan, and North-West region of China, among others. Its demand is also driven by the growing focus on couture and ready to wear industry. As luxury cashmere consumers are increasingly calling for supply chain transparency, corporate social responsibility or CSR is gaining importance. The raw material used normally has the highest quality grade recommendation, with manufacturing processes associated with demanding technical luxury fashion requirements to reflect the novel fashion trends and current innovations in the final products. The market is gaining traction due to the rising consumption of novel clothing and the influence of fashion as a culture among millennials. The demand is also supplemented by upsurge in disposable income and the impact of social media & internet across the globe. However, large production costs, coupled with the shortage of raw materials have emerged as restraining factors for the fashion luxury cashmere clothing market.

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The market has been categorized based on its product type, applications, and sales channel. The product type segment comprises of trousers, coats, dresses, and other. Based on application, the market has been categorized into children, men, and women. Direct channel and distribution channel have been identified as two key sales channels serving the market. Based on regional segmentation, Asia Pacific is likely to experience exponential growth over the coming years as China and India are the key producers of cashmere, followed by Afghanistan, Turkey, and Iran. North America and Europe also played a key role in the overall revenue generation over the past several years. 

The market comprises of some major players like Snow Lotus, Brunello Cucinelli, Loro Piana, Ermenegildo Zegna, Alyki, Malo, Pringle of Scotland, Autumn Cashmere, SofiaCashmere, TSE, Birdie Cashmere, Ballantyne, Maiyet, GOYO, Gobi, Cashmere Holding, Hengyuanxiang, Erdos Group, Kingdeer, and Zhenbei Cashmere, among others.
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