The market for alpacas has been moderated by the effects of relatively slow herd growth. As of early 2004, the total population of registered alpacas in North America accounts for about 50,000 in the United States and about 15,000 in Canada.
Supply will continue to be limited in the near future for a number of reasons:
Meanwhile, demand for alpacas has increased dramatically every year since their introduction outside of South America (1984). Not only are there more breeders entering the alpaca market each year in established countries such as Canada, New Zealand, Australia, and the U.S., but there are more countries worldwide also actively establishing alpaca herds. This growth is sure to continue as the alpaca gains international recognition.
Alpacas offer an outstanding choice for livestock ownership. They have long been known as the aristocrat of all ranch animals. Most of all, alpacas have a charismatic manner. They do very well on small acreage, and they produce a luxury product which is high in demand.