Alpaca Fiber Market Share

 North America industry is likely to dominate majority revenue share by 2037, led by significant availability of Alpacas in the region. 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.