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Alpaca Fiber Market

Alpaca Fiber Market By Wool Type (Huacaya Fiber, Suri Fiber), Grade (Ultra Fine (Royal baby) (< 20 Microns), Superfine (Baby) (20-22.9 Microns), Fine (23-25.9 Microns), Medium (26-28.9 Microns), Intermediate (Adult) (29-32 Microns), Robust (32.1-35 Microns)) & Region - Forecast 2022-2032

Market Insights on Alpaca Fiber covering sales outlook, demand forecast & up-to-date key trends

Alpaca Fiber Market Overview

Global alpaca fiber market demand is anticipated to be valued at US$ 3.4 Billion in 2022, forecast to grow at a CAGR of 3.2% to be valued at US$ 4.7 Billion from 2022 to 2032. The growth of the Alpaca Fiber Market is attributed to its global utilization across the Automotive industry.

Report Attribute

Details

Estimated Base Year Value (2021)

US$ 2.1 Billion

Expected Market Value (2022)

US$ 3.4 Billion

Anticipated Forecast Value (2032)

US$ 4.7 Billion

Projected Growth Rate (2022-2032)

3.2% CAGR

A natural fiber obtained from an alpaca is alpaca fiber. It's stronger, more hypoallergenic, lighter, warmer, and stretchier than fur. Compared to conventional wool, alpaca fiber is not scratchy, which gives the benefit of alpaca fiber so people who cannot wear sheep wool can wear alpaca fiber clothing. Alpaca fiber is considered to be one of the world's most luxurious and finest natural fibers, making it a common choice for leisure and lavish clothing.

North America is considered to be a dominant region for the Alpaca Fiber Market, owing to the rising popularity of alpaca fiber-based products and accessories amongst consumers.

The major factor that is expected to propel the growth of the Alpaca Fiber Market during the forecast period includes the growing consumer demand for natural fashion accessories and clothing.

The factor that is expected to hinder the growth of the Alpaca Fiber Market during the forecast period includes the increasing cost of the fashion apparels and products.

Which are Some Prominent Drivers Spearheading Alpaca Fiber Market Growth?

The major factors that are expected to drive the growth of Alpaca Fiber Market during the forecast period include the growing consumer demand for natural fashion accessories and clothing, increasing awareness amongst consumers regarding the product benefits, rapidly augmenting alpaca fiber fashion stores which offer the easy approachability of the products.

In addition, increasing trends of highly sustainable and eco-friendly garments, rising standard of living of the people are some other factors that are expected to augment the growth of the alpaca fiber market during the forecast period.

Furthermore, factors such as increasing popularity in the fashion apparel industry as well as rising demand of warm and soft fiber are expected to further contribute by generating immense opportunities that will lead to the growth of the alpaca fiber market in the forthcoming years.

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What are the Challenges Faced by the Alpaca Fiber Industry?

The major factor that is expected to hamper the growth of the Alpaca Fiber Market during the forecast period includes the increasing cost of the fashion apparels and products.

How is North America region Emerging as an Opportunistic Alpaca Fiber Market?

North America is expected to account for a significant alpaca fiber market share, attributed to the rising popularity of alpaca fiber-based products and accessories amongst consumers.

Furthermore, growing alpaca fiber clothing production in the U.S. coupled with the increasing number of retail outlets for these garments in the country are expected to drive the regional market growth during the forecast period. Additionally, North America Alpaca Fiber Market is expected to expand at a 4% CAGR during the forecast period.

Nikhil Kaitwade
Principal Consultant
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How is Asia Pacific Contributing to Growth of the Alpaca Fiber Market?

Asia has emerged as one of the major markets for stuffed and plush toys globally. Increasing population coupled with rising spending capabilities of the consumers is expected to drive demand for soft toys, which in turn is likely to have a positive impact on the industry growth.

Moreover, high consumer spending capabilities coupled with favorable weather conditions in the region are further expected to accelerate the demand for alpaca fiber accessories, which in turn is expected to propel the growth of the Alpaca Fiber market during the forecast period.

Market Competition

Some of the key participants present in the global Alpaca Fiber Market include THE ALPACA YARN COMPANY, AHA Bolivia, New Era Fiber, The Natural Fiber Company, Coopecan, Zeilinger Wool Company, Plymouth Yarn Company, Inc.., Fil Katia, Cascade Yarns, MALABRIGO YARN, AndeanSun Yarns, Berroco, Inc., Mary Maxim, Inc., Laughing Hens, Lion Brand Yarn, Alpaca Owners Association, Inc., White Frost Farms, Yarns and Fibers (YnFx), Classi Alpaca, Altifibers S.A., among others.

Attributed to the presence of such high number of participants, the market is highly competitive. While global players such as THE ALPACA YARN COMPANY, and AHA Bolivia account for a considerable market size, several regional level players are also operating across key growth regions, particularly in the North America.

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Report Scope

Report Attribute

Details

Growth Rate

CAGR of 3.2% from 2022 to 2032

Base Year for Estimation

2021

Historical Data

2015-2020

Forecast Period

2022-2032

Quantitative Units

Revenue in USD Billion, Volume in Kilotons and CAGR from 2022-2032

Report Coverage

Revenue Forecast, Volume Forecast, Company Ranking, Competitive Landscape, Growth Factors, Trends and Pricing Analysis

Segments Covered

  • Wool Type
  • Grade
  • Application
  • Region

Regions Covered

  • North America
  • Latin America
  • Western Europe
  • Eastern Europe
  • APEJ
  • Japan
  • Middle East and Africa

Key Countries Profiled

  • U.S
  • Canada
  • Brazil
  • Argentina
  • Peru
  • Chile
  • Germany
  • U.K
  • France
  • Spain
  • Italy
  • Nordics
  • BENELUX
  • Russia
  • Poland
  • Australia & New Zealand
  • China
  • India
  • ASEAN
  • South Korea
  • GCC
  • South Africa
  • Turkey
  • Iran
  • Israel

Key Companies Profiled

  • THE ALPACA YARN COMPANY
  • AHA Bolivia, New Era Fiber
  • The Natural Fiber Company
  • Coopecan
  • Zeilinger Wool Company
  • Plymouth Yarn Company, Inc.
  • Fil Katia
  • Cascade Yarns
  • MALABRIGO YARN
  • AndeanSun Yarns
  • Berroco, Inc.
  • Mary Maxim, Inc.
  • Laughing Hens
  • Lion Brand Yarn
  • Alpaca Owners Association, Inc.
  • White Frost Farms
  • Yarns and Fibers (YnFx)
  • Classi Alpaca
  • Altifibers S.A.

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Key Segments Profiled in the Alpaca Fiber Industry Survey

Wool Type:

  • Huacaya Alpaca Fiber
  • Suri Alpaca Fiber

Grade:

  • Ultra-Fine Alpaca Fiber (Royal baby) (< 20 Microns)
  • Superfine Alpaca Fiber (Baby) (20-22.9 Microns)
  • Fine Alpaca Fiber (23-25.9 Microns)
  • Medium Alpaca Fiber (26-28.9 Microns)
  • Intermediate Alpaca Fiber (Adult) (29-32 Microns)
  • Robust Alpaca Fiber (32.1-35 Microns)

Application:

  • Alpaca Fiber for Apparels
  • Alpaca Fiber for Interior Textiles
  • Alpaca Fiber for Floorings
  • Alpaca Fiber for Industrial Felting

Region:

  • North America
  • Latin America
  • Western Europe
  • Eastern Europe
  • APEJ
  • Japan
  • Middle East & Africa

Frequently Asked Questions

FMI projects the global Alpaca Fiber Market to expand at a 3.2% value CAGR by 2032

North America is expected to be the most opportunistic Alpaca Fiber Market, expanding at a 4% CAGR

THE ALPACA YARN COMPANY, AHA Bolivia, New Era Fiber, The Natural Fiber Company, Coopecan, Zeilinger Wool Company, Plymouth Yarn Company, Inc.., and Fil Katia, among others are some prominent Alpaca Fiber Market players

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Nikhil Kaitwade
Principal Consultant
LinkedIn
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