The market size of alpaca fiber crossed a valuation USD 3.11 billion in 2023 and is anticipated to witness more than 3.1% CAGR from 2024 to 2032.
Huacaya alpaca fiber industry size is poised to attain 3% gains between 2023 and 2032 driven by their superior texture and excellent stretch quality.
The U.S. alpaca fiber industry was worth USD 1.2 billion in 2022 owing to the growing consumer spending on premium fabrics and luxury clothing brands.
Altifibers S.A., Zeilinger Wool Co, Berroco, Inc, Stichting Agriterra, Mary Maxim Inc, Plymouth Yarn Company, Inc, and P & J Okell Ltd. are some of the key companies in the alpaca fiber business landscape.