The Global Bio-based Leather Market is where you find
leather-like stuff made from plants or other natural things, not
from animals like usual leather. People make it from things like
plants or leftover stuff from farming. This type of leather is
becoming popular because more people care about the environment and
animals. They want products that are good for the Earth and don't
harm animals. In this market, you'll find things like shoes, bags,
clothes, and furniture made from this special type of
leather.
BOSTON, May 9, 2024
/PRNewswire/ -- "According to the latest BCC Research study, the
demand for Global Bio-based Leather Market expected to grow
from $668.6 million in 2023 to reach
$902.4 million by the end of 2028 at
a compound annual growth rate (CAGR) of 6.2% from 2023 through
2028"
Bio-based leathers come from fruits, veggies, mushrooms, and
leftover farm stuff. This study looks at both fully and partly
bio-based leathers. It checks where they come from, how they're
used, and where they're used around the world. They split the study
into groups. First, where the leather comes from: cactus,
pineapple, cork, and others like mushrooms and grapes. Then, how
it's used: shoes, accessories like bags and wallets, and clothing
like jackets and dresses. They also guess how much money and how
much is going to be sold from 2022 to 2028 in different places and
for different uses.
More people in countries like India and China are buying luxury brands, especially
younger people after the pandemic. This boosts the demand for
bio-based leather. Most companies focus on making leather from only
one thing, like pineapple or mushrooms. They want to be good at one
thing instead of trying to make leather from everything.
To learn more about the Global Bio-based Leather Market, Click
Here to gain a comprehensive understanding of its insights and
findings.
The key market drivers contributing to the growth of the
global bio-based leather market are:
- Innovative Products and Purpose-Driven Marketing Strategies
Are Attracting Consumer Attention.: This means that when
products are new and different, and when companies talk about why
they're making these products in a way that helps people or the
planet, it catches people's interest. So, products that stand out
and have a good reason behind them are the ones that people notice
and like.
- Favorable Environmental Impact.: This refers to a
positive effect on the environment. It suggests that something,
like a product or activity, is good for the environment or causes
less harm to it.
- Growing Adoption of Environmentally Sustainable Leather
Alternatives within Luxury Fashion Segment: This means
that luxury fashion brands are increasingly opting for leather
substitutes that are better for the environment. These alternatives
might not involve harming animals or could be produced in ways that
are more eco-friendly.
- Popularizing Trend of Veganism: This refers to the
increasing popularity of veganism, which is a lifestyle that avoids
the use of animal products, including in diet, clothing, and other
areas.
Request a Sample Copy of the Global Bio-based
Leather Market
Report
Synopsis
Report
Metrics
|
Details
|
Base year
considered
|
2022
|
Forecast Period
considered
|
2023-2028
|
Base year market
size
|
$660.0
million
|
Market Size
Forecast
|
$902.4
million
|
Growth Rate
|
CAGR of 6.2% for the
forecast period of 2023-2028
|
Segment
Covered
|
By Origin, By
Application
|
Regions
covered
|
North America, Europe,
Asia-Pacific, Rest of the World (RoW)
|
Countries
covered
|
U.S., Canada, Germany,
France, Italy, Rest of Europe, China, India, Japan, Rest of
Asia-Pacific, Middle East, Africa
|
Key Market
Drivers
|
- Innovative Products
and Purpose-Driven Marketing Strategies Are Attracting Consumer
Attention
- Favorable
Environmental Impact
- Growing Adoption of
Environmentally Sustainable Leather Alternatives within Luxury
Fashion Segment
- Popularizing Trend
of Veganism
|
Segmentation Analysis of Global Bio-based Leather Market:
- In terms of origin, the market is segmented into-
different categories these include cactus, pineapple, cork, and
others. Each of these categories represents the source of the
materials used to make bio-based leather.
- In terms of application, the market is segmented into-
three main categories: footwear, accessories, and clothing.
Footwear includes shoes of various types, while accessories cover
items like wallets, bags, belts, and similar products. Clothing
involves garments such as jackets, dresses, and other wearable
items. These segments help understand the different ways bio-based
leather is utilized across various product types.
- In terms of region type, the market is segmented
into- different regions. These include North America, Asia-Pacific, Europe, and the Rest of the World. Each region
represents a geographical area where bio-based leather products are
bought and sold. Understanding these regional divisions helps
analyze how the market is distributed globally.
This report on global bio-based leather market provides
comprehensive insights and analysis, addressing the following key
questions:
- What is the projected market size and growth rate of the
market?
The estimated market size of the bio-based leather market is
USD 902.4 million by 2028, with a
CAGR of 6.2%.
- What are the key factors driving the growth of the market?
- Innovative products & purpose-driven marketing strategies
are attracting consumer attention.
- Favorable environmental impact
- Growing adoption of environmentally sustainable leather
alternatives within luxury fashion segment
- Popularizing trend of veganism
- What segments are covered in the market?
Based on origin, the market is sub-categorized into cactus,
pineapple, cork, and others. Segmentation based on application
includes footwear, accessories, and clothing. The market is also
segmented based on region including North
America, Europe,
Asia-Pacific and Rest of the
World.
- By application, which segment will dominate the market by the
end of 2028?
The accessories segment will continue to dominate the market by the
end of 2028.
- Which region has the highest market share?
North America has the highest
market share. It is the largest revenue-generating region,
characterized by high consumer spending power, luxury brand
presence, environmental awareness, and vegan fashion adoption.
Some of the Key Market Players Are:
- ANANAS ANAM
- BIOLEATHER
- BOLT THREADS
- MODERN MEADOW
- DESSERTO
- HZCORK
- MYCOWORKS
- NATURAL FIBER WELDING INC.
- OLEAGO
- VEGEA SRL
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