Alpaca Fiber Market Size

Alpaca Fiber Market Size

Alpaca Fiber Market size surpassed USD 3.11 billion in 2023 and is anticipated to grow at 3.1% CAGR from 2024 to 2032 owing to the increasing product uptake in the textile sector. Growing consumer awareness regarding the benefits of eco-friendly textiles will spur the product demand. In the space of textiles and fashion, natural and breathable fabric has become very popular in recent years. Peruvian alpaca wool has gained momentum owing to its unique characteristics, durability, and superior quality. Additionally, the rising demand for biodegradable materials in the construction sector will positively impact the industry outlook.

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High cost of alpaca fiber will restrict alpaca fiber market growth during 2023-2032. Due to its superior characteristics, alpaca wool is considered to be a superior-quality fiber and can be expensive. Furthermore, the production cost of alpaca wool varies based on the type of production & processing technique used. Hand-harvested alpaca wool costs relatively more than machine-harvested wool.

The growing apparel and textiles production in the U.S. will drive the demand for premium quality fabrics. The presence of luxury clothing brands in countries such as the U.S. and increasing consumer inclination toward softer and natural fabrics will boost the demand for alpaca fiber for making garments. Moreover, the rising number of sportswear companies in the U.S. are accelerating the demand for cloth derived from Alpaca.