Alpaca Fiber Market Analysis

Alpaca Fiber Market Analysis

To get key market trends

  Download Free Sample

Huacaya alpaca fiber market is expected to witness 3% growth between 2023 and 2032. The majority of the alpaca applications involve the Huacaya species since the fiber derived from these animals provides a springy texture with a natural crimp. In addition, the superior texture of the fiber, natural stretch quality, and widespread use in textile manufacturing are some of the major factors driving the demand for this fiber.
 

Alpaca fiber industry size from textile applications was worth USD 990 million in 2022. Alpaca wool offers excellent water-repellent, texture, and hypoallergenic properties. Alpaca fiber has a silkier texture, making it an ideal choice for textile producers. Since it does not contain lanolin, a natural wax and common allergen generated by some wool-producing animals, alpaca is a preferred choice of wool. Various clothing brands and designers are using alpaca to make jackets and coats owing to their low water retention rate and moisture resistance.
 

The U.S. alpaca fiber market crossed a valuation of USD 1.2 billion in 2022. The growing popularity of accessories, apparel and other textile products made from alpaca fibers among consumers will boost industry growth in the U.S. According to the U.S. Bureau of Labor Statistics, the average annual expenditure for all consumer units in 2021 saw a 9.1% growth from 2020, reaching USD 66,928 in 2021.  Ongoing innovation and advancements in the space of fashion provide lucrative business prospects.