Alpaca Fiber Market - Global Industry Analysis, Size, Share, Growth, Trends, and Forecast 2018 - 2028

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Alpaca Fiber Market - Global Industry Analysis, Size, Share, Growth, Trends, and Forecast 2018 - 2028

Status : February, 2020 | Chemical & Materials | PPT format

Report Digest


Global Alpaca Fiber Market: Introduction 

The frequently changing dynamics of the fashion industry has been impacting a number of product markets. With the increasing demand for natural fiber, the alpaca fiber market has been on a growth curve over the last few years. Since alpaca fiber is eco-friendly and four times warmer than synthetic wool, its demand will continue to rise in the near future, translating into progressive market conditions. 

This research report offers an in-depth analysis of the global alpaca fiber market based on the market’s key trends and prospects. Various segments of this market, based on several parameters, have also been assessed to gain a deep insight into the market dynamics. 

Global Alpaca Fiber Market: Competitive Landscape 

The degree of competition in the global alpaca fiber market is significantly high. Participants are focusing more on producing better quality alpaca fiber to gain consumers’ loyalty. Nutritional quality of the feed provided to alpacas has taken the center stage, as it is highly significant in order to obtain superior quality alpaca fiber. The leading players in this market, such as Plymouth Yarn, Katia, Malabrigo Yarn, Berroco, Manos Del Uruguay, Alpaca Yarn Co., and Ella Rae, are investing heavily on alpaca feed. 

Marca Perú, the leading brand of Peruvian fashion and textiles, is supporting their homegrown designer labels, such as Jorge Luis Salinas, Yirko Sivirich, and Alexander McQueen, via active promotions and international campaigns. The focus of these campaigns is on familiarizing the world with the traditional Peruvian fashion, made with alpaca fiber and Peruvian cotton. The Ministry of Foreign Trade and Tourism (Mincetur), Peru, recently introduced “Alpaca del Perú,” a luxury fashion brand for the sale of high-quality alpaca fiber apparels and accessories in a bid to capitalize on business opportunities arising in the alpaca fiber market. 

Global Alpaca Fiber Market: Dynamics 

The demand for alpaca fiber is constantly increasing, thanks to the rising awareness among consumers regarding its sustainability and superior quality. A surge in the number of retail stores selling alpaca fiber garments to cater to the soaring demand has been observed in recent times. The increasing preference for natural and sustainable fibers, worldwide, is reflecting positively on the growth of the global alpaca fiber market. 

Thanks to Peru, Latin America to Gain Prominence 

North America has been the key contributor to the worldwide alpaca fiber market over the last few years. The presence of a well-established alpaca fiber clothing industry in the U.S. has provided significant growth opportunities to market participants, and, in turn to the global market. The rising numbers of retail outlets selling garments made of alpaca fibers is supporting the North America alpaca fibers market substantially. 

However, Latin America is displaying a more promising market, thanks to the high production of alpaca fiber in Peru. With nearly 87% of the world’s population of alpacas consolidated in Peru, the country is the most prominent producer of alpaca fiber across the world, as stated by the Ministry of Agriculture and Irrigation (MINAGRI), Peru. The country is also a prominent exporter of alpaca fiber. In 2017, the alpaca fiber exports of the country crossed US$65 mn mark. Experts believe Peru will continue as the key producer and exporters of alpaca fiber in the coming years, with China and Italy becoming the main importers.

The study presents a granular assessment and quantitative evaluation of:

  • Key growth factors and prominent trends
  • Size and share of key segments in overall market
  • Key challenges and winning imperatives
  • Factors shaping competitive landscape
  • Insights into how contours of market will change in coming years
  • Technological advances
  • New avenues and imminent investment pockets
  • Regulatory landscape shaping current and future strategies of companies

The region-wise assessment includes market dynamics in:

  • North America
  • Asia Pacific
  • Europe
  • Latin America
  • The Middle East and Africa

The study is prepared with the help of an extensive primary and secondary research. Primary research includes but not limited to interactions, interviews, surveys, and events. Opinions of policy makers and industry experts are carefully integrated into the insights to complement primary research. Volumes of secondary data gleaned through renowned paid sources, annual statements, reputed journals, and government documents offer insights into current dynamics and key evolution trajectories the market is likely to assume. The research employs various industry-wide analytics methods and well-established methodologies to ascertain the attractiveness of key segments. Further, it evaluates the lucrativeness of key regions and factors underlying their maturity. The insights notably include a detailed analysis of forces behind vendor differentiation and offers insight into investment-decision making by prominent players.

The report strives to enlighten businesses and industry stakeholders on multiple facets of the growth dynamic of the market, the key of which include answers to:

  • Which key factors will shape the competitive landscape?
  • Which trends will stimulate research and development activities in different geographies?
  • Which are the lucrative growth areas and what is the size of potential they are likely contribute to the overall market?
  • Which disruptions in market growth are likely to come with the new business models?
  • Which are some of the recent overhauls in policies that may change the course of the market significantly?
  • Which are the geographies that will form sizable sources of new streams to new and established players alike?
  • How are top players likely to realign their strategy to counter the forces of competition?
  • Which key strategies emerging players are likely to focus on to consolidate their position?
  • Which changes in end-user preferences might affect the status quo held by the leading players?
  • Which are some of the game-changing innovations influencing the projected share and revenue of the market and its segments?

Note: Utmost care has invariably been taken to present data and arrive at statistics at all the TMR Research reports. Meanwhile, some recent developments and new industry trends may take time to be included in the reports.

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