The alpaca fiber market has evolved rapidly over the past few years on the back of demand for natural fiber. The dynamic of the demand has also been shaped by new trends and fads in the fashion industry around the world. In recent years, alpaca fiber has increased in preference over synthetics fiber. One of the key propositions driving the popularity is its eco-friendliness.
Market Intensely Competitive
The alpaca market has been displaying intense competition between players, with top companies vying for developing high-quality fiber. To this end, producers of premium quality knitting yarns are sourcing alpaca that has been harvested with high quality feed—feed that has high nutritional quantity. Some of the companies in this race are Alpaca Yarn Co., Manos Del Uruguay, Malabrigo Yarn, and Plymouth Yarn.
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Growing Popularity of Naturally-sourced and Sustainable fibers Opens New Avenues
Strides made by Peruvian fashion and textiles have been especially influential for the expansion of the market. The alpaca fiber market has seen rise in numbers of international campaigns and promotion activities by indigenous players. Growing role of alpaca fiber in luxury fashion brand in Peru has offered a big impetus to the market in recent years. Growing awareness among consumers about the apparels made with high-quality alpaca fiber is also catalyzing the expansion of the market. Further, naturally-sourced and sustainable fibers are also gathering steam among worldwide populations. This is unlocking vast potential in key markets.
Latin America Showing Vast Potential
Among the various regions, North America has been a prominent market. The growth is propelled by continuous strides made by the clothing industry in the U.S. The region in recent years has also seen mushrooming of retail outlets.
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Meanwhile, Latin America is showing vast potential. A large parts of the growth momentum comes from sizable production and consumption of alpaca fiber in Peru. The growth of the market is also being supported by the government’s initiatives.