Alpaca Fiber Market Analysis

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: