Alpaca Fiber Market size was valued at USD 3.1 Billion in 2023 and is anticipated to reach USD 4.55 Billion by the end of 2036, registering around 3% CAGR during the forecast period i.e., between 2024-2036. In the year 2024, the industry size of alpaca fiber is assessed at USD 3.21 Billion.he growth of the market can be attributed to the rising government effort to provide benefits to the alpaca breeders, which in turn is expected to boost the production of alpaca fibers. Alpaca farmers in Shanxi Province, in north China, have reaped significant rewards from the nation's efforts to combat poverty, which have received a total investment of over 200 billion yuan (about 28.5 billion USD) from China's provinces, cities, and counties. Moreover, these funds have reformed the lives of the largest alpaca breeding base in China which hosts around 100 Australian Alpacas.
In addition to these, factors that are believed to fuel the market growth of alpaca fiber include the escalating inclination of the people towards fancy designer clothes, and the significant utilization in the automotive industry. Alpaca wool is utilized in applications that require heat retention and it is one of the major reasons for its utilization automotive industry. For instance, the automotive industry in 2017 was valued at approximately USD 75 million. As of 2018, about 65 million cars were manufactured across the globe. Alpaca fibers are utilized to make interior equipment such as, seat and seat cover, flooring, and others in cars. Alpaca fiber is soft and doesn’t feel scratchy, therefore, people choose alpaca wool over sheep wool. Furthermore, rising breeding of Alpacas is also anticipated to foster the growth of the market during the forecast period. All these factors are projected to influence the growth of the market positively over the forecast period.
Growth Drivers
Moreover, India, China, and the United States has the largest contribution around 60% in the manufacturing of n
Challenges
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Base Year |
2023 |
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Forecast Year |
2024-2036 |
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CAGR |
3% |
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Base Year Market Size (2023) |
USD 3.1 Billion |
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Forecast Year Market Size (2036) |
USD 4.55 Billion |
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Regional Scope |
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Type (Huacaya, Suri)
The global alpaca fiber market is segmented and analyzed for demand and supply by wool type into Huacaya and Suri. Out of the two types of wool, the Huacaya segment is estimated to gain the largest market share over the projected time frame. The fiber from huacaya features crimpy waves that grow in bundles and reflect the light brightly. The growth of the segment can be attributed to the higher share of the Huacaya alpaca population in comparison to Suris Out of the total population of alpacas in the world, around 90% are Huacaya alpacas. Moreover, the popularity of Huacaya alpaca’s wool is owing to its fineness and ability to strongly protect against cold. Suris’ fur struggle to provide enough effectivity at higher altitudes because, despite its beauty, its fur is insufficient to shield them from cold conditions.
Application (Flooring, Textiles, Apparels, Industrial Felting)
The global alpaca fiber market is also segmented and analyzed for demand and supply by application into flooring, textiles, apparels, and industrial felting. Amongst these four segments, the textile segment is expected to garner a significant share. One of the most valuable natural fibers in the world, alpaca fleece is a favorite of both hand-knitters and high-end fashion designers. They are used for creating some dine luxury clothing. The incredibly delicate, light, and strong material. The segment growth is attributed to the growing demand for high-end luxe clothes. In 2023, the luxury fashion industry is expected to generate around USD 112 billion in revenue. Furthermore, higher demand for sustainable clothing is expected to segment growth. One of the most environmentally friendly animals on the planet, alpacas have no adverse effect on the environment. The 22 natural hues that alpacas create substantially reduce the need for dyes. This conserves a substantial quantity of water and electricity.
Our in-depth analysis of the global market includes the following segments:
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By Wool Type |
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By Grading |
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By Application |
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The North American alpaca fiber market, amongst the market in all the other regions, is projected to hold the largest market share by the end of 2036. The growth of the market can be attributed majorly to the significant availability of Alpacas in the region and higher demand for woolen clothing owing to the long-lasting winter. For instance, the presence of about 50,000 alpacas is observed solely in the United States. Additionally, Americans are more inclined toward fashionable pieces of woolen clothing. Since alpaca wool feels soft against the skin, people tend to choose alpaca wool over other types. Based on the data provided by Ag Marketing Resource Center (AGMRC) it was stated that 17 million pounds of greasy shorn wool were produced in the United States in 2020.
Stichting Agriterra to develop a collective action step-by-step plan for BRIDGE (Building Rural Income through inclusive Dairy Business Growth) project, by reaching out to four Dutch Agripoolers in Ethiopia.
The four cooperatives of the Agriterra company to exchange a visit that includes 10 people in each cooperative, a secretary, a bookkeeper, a representative, a women’s council representative, and 5 board members.
Author Credits: Rajrani Baghel
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