Alpaca Fiber Market Trends

Growth Drivers

Growing Number of Alpaca Breeding – Rising number of alpacas directly boosts the production of fur. There are around 4 million alpacas all over the world. Out of these around 9% live in Bolivia, and nearly 30% are in New Zealand, the US, Canada, and Australia. Moreover, the largest share approximately 87% is held by Peru.
Rising Government Efforts for Expanding the Supply of Alpaca Fibers– In 2020 the government of Peru has taken initiatives for focusing on alpaca fibers by creating a textile and clothing industry group. With around 6 million kg of alpaca fiber produced in 2019, Peru is the largest producer of alpaca fibers and generated around USD 191 million.
Growing Demand for Eco-Friendly and Sustainable Garments – Sustainability has become a crucial factor for people when making clothing choices and fashion purchases, in October 2020, around 65% of people prefer sustainable clothing and it further increased to approximately 69% in May 2021.
Rising Manufacturing of Natural Fibers – Over the past few years, natural fiber growth has been steady. According to various statistics, they account for 30% to 40% of the global market for fibers.

Moreover, India, China, and the United States has the largest contribution around 60% in the manufacturing of n

Rising Expenditure on Luxurious Clothing – Alpaca fiber-made stuff, including clothes, chairs, and bags are very expensive and are counted as high-end products. The total revenue generated by luxury goods in 2022 was around USD 70 billion and it is expected to grow by approximately 3% by 2027.

Challenges

Rising Protest Against Animal Fur- Activities are concerned about the treatment animal receive on farms. They are constantly put under pressure for growing the fur business. They might suffer from anxiety, stress, and other psychological and physical problem that make their lives intolerable. The governments of Austria and the United Kingdom have outright outlawed fur growing in their respective nations. This factor is likely to hamper the market growth.
High Cost of Alpaca Fiber
Cheaper Wool is Available in the Market

Alpaca Fiber Market: Key Insights

Base Year	2023
Forecast Year	2024-2036
CAGR	3%
Base Year Market Size (2023)	USD 3.1 Billion
Forecast Year Market Size (2036)	USD 4.55 Billion
Regional Scope	North America (U.S., and Canada) Latin America (Mexico, Argentina, Rest of Latin America) Asia-Pacific (Japan, China, India, Indonesia, Malaysia, Australia, Rest of Asia-Pacific) Europe (U.K., Germany, France, Italy, Spain, Russia, NORDIC, Rest of Europe) Middle East and Africa (Israel, GCC North Africa, South Africa, Rest of the Middle East and Africa

Frequently Asked Questions (FAQ)

In the year 2024, the industry size of alpaca fiber is assessed at USD 3.21 Billion.

The 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. Increasing demand for natural fiber, the rising popularity of sustainable clothing, the higher number of alpacas in the world, and government initiatives to boost alpaca fiber production are the major factors driving the market growth.

North American industry is projected to hold the dominant market share by the end of 2036, led by significant availability of Alpacas in the region.

The Alpaca Yarn Company, Altifibers S.A., The Natural Fibre Company, Zeilinger Wool Co., Stichting Agriterra, Berroco, Inc., Mary Maxim Inc., Alpaca Owners Association, Inc., Plymouth Yarn Company, Inc., P & J Okell Ltd

Alpaca Fiber Market Trends