AlpacaFiber Market: Overview
The exponential growth of the fashion and clothing industryholds promise for the alpaca fiber market to display significant growth rateover the forecast period between 2020 and 2030. The rising consumer demand fornatural textiles and natural fashion accessories is having a positive impact onthe alpacafiber market. Featuringeco-friendly properties, along with natural softness, durability, and warmthmakes alpaca fiber a choice of sophisticated individuals.
Alpaca fiber is mainly of two types: alpaca Suri and alpacaHuacaya. Key application areas in the alpaca fiber market are clothing, toys,and rugs.
The report on alpaca fiber market provides a brilliant analysiswith valuable insights into demand dynamics, growth opportunities, and vendorlandscape. The accurate analysis along with qualitative insights will helpstakeholders make informed business decisions over the 2020- 2030 forecastperiod.
Alpaca Fiber Market: Competitive Landscape
Players operating in the alpaca fiber market are forgingpartnerships and collaborations to expand their market presence. Strategicalliances such as mergers and acquisitions is also the focus of keen players toexpand their presence and consolidate their position in the alpaca fibermarket.
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The alpaca fiber market is marked with presence of a handful oflarge players. Some top-notch players operating in the alpaca fiber market areRowan, Putoco, Cascade Yarns, AndreanSun, Mary Maxim, Louisa Harding, ClassicElite Yarns, Lion Brand Yarn, Plymouth Yarn, Katia, Malabrigo Yarn, Berroco,Manos Del Uruguay, Alpaca Yarn Company, and Ella Rae.
Alpaca FiberMarket: Key Trends
Bearing recognition as a special natural fiber that is availablein 22 shades is the leading factor of growth in alpaca fiber market. Alpacafiber possesses several characteristics, including several times warmer thansheep wool and lightweight resulting in high thermal capacity.
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Due to these attributes, alpaca fiber is suitable to manufactureextremely comfortable winter clothing and accessories. Furthermore,hypoallergenic properties of alpaca fiber accounts for inclination for alpacafiber winter clothing over its synthetic counterpart.
Rising awareness among consumers about natural source andversatility of the fiber is fuelling demand for alpaca fiber. Increasingspending on naturally sourced fiber with trends of eco-friendly textiles isleading to upsurge in demand for alpaca fiber. Emergence of flagship stores forsales of alpaca fiber products is another plus for the growth of alpaca fibermarket. Consumers are increasingly spending large amounts on textiles that arebeneficial for the skin because of its source and inherent properties.
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Efforts of governments to promote use of natural fiber includingalpaca fiber is also serving to boost the alpaca fiber market. According toreport of the Ministry of Agriculture and Irrigation, Peru is the leadingproducer of alpaca fiber accounting for 80% of world’s alpaca fibercultivation.
According to statistics of the Ministry of Foreign Trade andTourism, Peru the export of alpaca fiber increased by 110% in 2017 within oneyear, with an average increase of export price by over 14% average per kilogram.
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AlpacaFiber Market: Regional Assessment
South America is currently the leading producer of alpaca fiberamong other regions in the world. Peru is the leading exporter of alpaca fiberexporting mainly to China and Italy. The Ministry of Foreign Trade and Tourismintroduced schemes for the growth of alpaca fiber industry, and also introducedthe luxury fashion label ‘Alpaca del Peru’ for exclusive sales of high-qualityalpaca fiber clothing and accessories.
North America is emerging as a significant region in the alpacafiber market. Vast rise in popularity of naturally sourced fabric is a keyfactor behind the growth of this market. To serve this, government textiledepartments are taking keen interest to promote the cultivation, manufacture,and marketing of alpaca fiber products. For example, the U.S. Alpaca FiberCouncil provides assistance for manufacturing and marketing of these products.The council also provides assistance to manufacturers to improve productquality and increase their profitability.
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