Bio-based Leather Market
Description
Bio-based Leather Market
Growth Factors of Bio-based Leather Market
The bio-based leather market size was valued at USD 122.6 million in 2023, and the market is now projected to grow from USD 139.2 million in 2024 to USD 394.9 million by 2032, exhibiting a CAGR of 13.9% during the forecast period of 2024-2032.
Several influential market characteristics were impacted by the COVID-19 pandemic which includes shifts in consumer behavior, changes to the supply chain, and economic uncertainty—some quarters of raw materials required in the making of bio-based leather witnessed disruptions related to the supply line. Similarly, fluctuations in investment and development within the sector affect bio-based leather market growth estimates because of their economic implications.
The market is driven by the negative consequences that leather-based derived from animals has on both the surroundings and human health. Some human beings have allergies and sensitivities to the chemical substances utilized in conventional leather-based goods. Chemical contact with the pores and skin can result in rashes and different skin conditions. Many international locations have banned or limited using animal leather-based merchandise because of health issues approximately the chemical substances in traditional leather items that represent a threat to public fitness.
The growing awareness of sustainability and environmental responsibility in numerous industries poses a threat to producers to grow bio-based leather market share through the introduction of plant-primarily leather-based items. Additionally, purchasers' lifestyle decisions and purchasing styles are reflecting the developing choice for sustainable alternatives, mainly in industries like style and automotive where leather is extensively used.
Comprehensive Analysis of Bio-based Leather Market
Innovative applications and creative utilization of natural resources define the bio-based leather market. The market offers materials made from a variety of plant sources, such as apples, pineapples, mushrooms, and other plants, each with distinct qualities and textures that resemble genuine leather. These environmentally friendly substitutes meet the increasing demand for green products. Because of its adaptability and reduced environmental impact, bio-based leather is widely used in various industries, including footwear and accessories. Growing consumer awareness of and demand for eco-friendly and cruelty-free materials in fashion and leisure products is driving this industry.
Currently main the bio-based leather-based marketplace, North America’s consumer base is controlled to generate a USD 47.4 million market using 2023. The area's bio-primarily leather-based marketplace is expanding due to numerous elements, consisting of monetary conditions, industry regulations, advancements in the bio-primarily leather-based sector, and the growing use of sustainable and lightweight materials.
The top players in the market play a crucial role in the advanced materials sector assuring industrial prospectus growth and setting market standards.Those groups enlist Natural Fiber Welding, Inc. (U.S.),MycoWorks (U.S.),Bolt Threads Inc. (U.S.), MODERN MEADOW (U.S.), Beyond Leather Materials (Denmark), Fruitleather Rotterdam (Netherlands),Ananas Anam Ltd. (U.K.), andEcovative LLC (U.S.) .
In June 2023, Modern Meadow announced a collaboration with Navis TubeTex. This collaboration improved the company's textile manufacturing process by using sustainable alternatives.
Segmentation Table
Global Bio-based Leather Market Scope
Study Period 2019-2032
Base Year 2023
Estimated Year 2024
Forecast Period 2024-2032
Historical Period 2019-2022
Growth Rate CAGR of 13.9% from 2024 to 2032
Unit Value (USD Million) and Volume (Units Million)
Segmentation By Material, Type, End-use Industry, and Region
By Source • Mushroom
- Pinepple
- Apple
- Others
• Footwear
- Garments & Accessories
- Others
- U.S. (By Application)
- Canada (By Application)
- Europe (By Source, By Application, By Country)
- Italy (By Application)
- Spain (By Application)
- Rest of Europe (By Application)
- Asia Pacific (By Source, By Application, By Country)
- Japan (By Application)
- India (By Application)
- Rest of Asia Pacific (By Application)
- Rest of the World (By Source, By Application, By Sub-region)
- Middle East & Africa (By Application)
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Table of Contents
120 Pages
- 1. Introduction
- 1.1. Research Scope
- 1.2. Market Segmentation
- 1.3. Research Methodology
- 1.4. Definitions and Assumptions
- 2. Executive Summary
- 3. Market Dynamics
- 3.1. Market Drivers
- 3.2. Market Restraints
- 3.3. Market Opportunities
- 4. Key Insights
- 4.1. Key Market Trends in the Global Market
- 4.2. Key Developments: Mergers, Acquisition, Partnership, etc. .
- 4.3. Latest Technological Advancement
- 4.4. Insights on Sustainability
- 4.5. Porters Five Forces Analysis
- 4.6. Impact of COVID-19 Pandemic on the Market
- 5. Global Bio-based Leather Market Analysis, Insights and Forecast, 2019-2032
- 5.1. Key Findings / Summary
- 5.2. By Source
- 5.2.1. Mushroom
- 5.2.2. Pineapple
- 5.2.3. Apple
- 5.2.4. Others
- 5.3. By Application
- 5.3.1. Footwear
- 5.3.2. Garments & Accessories
- 5.3.3. Others
- 5.4. By Region
- 5.4.1. North America
- 5.4.2. Europe
- 5.4.3. Asia Pacific
- 5.4.4. Rest of World
- 6. North America Bio-based Leather Market Analysis, Insights and Forecast, 2019-2032
- 6.1. Key Findings / Summary
- 6.2. By Source
- 6.2.1. Mushroom
- 6.2.2. Pineapple
- 6.2.3. Apple
- 6.2.4. Others
- 6.3. By Application
- 6.3.1. Footwear
- 6.3.2. Garments & Accessories
- 6.3.3. Others
- 6.4. By Country
- 6.4.1. U.S.
- 6.4.1.1. By Application
- 6.4.1.1.1. Footwear
- 6.4.1.1.2. Garments & Accessories
- 6.4.1.1.3. Others
- 6.4.2. Canada
- 6.4.2.1. By Application
- 6.4.2.1.1. Footwear
- 6.4.2.1.2. Garments & Accessories
- 6.4.2.1.3. Others
- 7. Europe Bio-based Leather Market Analysis, Insights and Forecast, 2019-2032
- 7.1. Key Findings / Summary
- 7.2. By Source
- 7.2.1. Mushroom
- 7.2.2. Pineapple
- 7.2.3. Apple
- 7.2.4. Others
- 7.3. By Application
- 7.3.1. Footwear
- 7.3.2. Garments & Accessories
- 7.3.3. Others
- 7.4. By Country
- 7.4.1. Germany
- 7.4.1.1. By Application
- 7.4.1.1.1. Footwear
- 7.4.1.1.2. Garments & Accessories
- 7.4.1.1.3. Others
- 7.4.2. Italy
- 7.4.2.1. By Application
- 7.4.2.1.1. Footwear
- 7.4.2.1.2. Garments & Accessories
- 7.4.2.1.3. Others
- 7.4.3. Spain
- 7.4.3.1. By Application
- 7.4.3.1.1. Footwear
- 7.4.3.1.2. Garments & Accessories
- 7.4.3.1.3. Others
- 7.4.4. Rest of Europe
- 7.4.4.1. By Application
- 7.4.4.1.1. Footwear
- 7.4.4.1.2. Garments & Accessories
- 7.4.4.1.3. Others
- 8. Asia-Pacific Bio-based Leather Market Analysis, Insights and Forecast, 2019-2032
- 8.1. Key Findings / Summary
- 8.2. By Source
- 8.2.1. Mushroom
- 8.2.2. Pineapple
- 8.2.3. Apple
- 8.2.4. Others
- 8.3. By Application
- 8.3.1. Footwear
- 8.3.2. Garments & Accessories
- 8.3.3. Others
- 8.4. By Country
- 8.4.1. China
- 8.4.1.1. By Application
- 8.4.1.1.1. Footwear
- 8.4.1.1.2. Garments & Accessories
- 8.4.1.1.3. Others
- 8.4.2. Japan
- 8.4.2.1. By Application
- 8.4.2.1.1. Footwear
- 8.4.2.1.2. Garments & Accessories
- 8.4.2.1.3. Others
- 8.4.3. India
- 8.4.3.1. By Application
- 8.4.3.1.1. Footwear
- 8.4.3.1.2. Garments & Accessories
- 8.4.3.1.3. Others
- 8.4.4. Rest of Asia-Pacific
- 8.4.4.1. By Application
- 8.4.4.1.1. Footwear
- 8.4.4.1.2. Garments & Accessories
- 8.4.4.1.3. Others
- 9. Rest of World Bio-based Leather Market Analysis, Insights and Forecast, 2019-2032
- 9.1. Key Findings / Summary
- 9.2. By Source
- 9.2.1. Mushroom
- 9.2.2. Pineapple
- 9.2.3. Apple
- 9.2.4. Others
- 9.3. By Application
- 9.3.1. Footwear
- 9.3.2. Garments & Accessories
- 9.3.3. Others
- 9.4. By Sub-region
- 9.4.1. Latin America
- 9.4.1.1. By Application
- 9.4.1.1.1. Footwear
- 9.4.1.1.2. Garments & Accessories
- 9.4.1.1.3. Others
- 9.4.2. Middle East & Africa
- 9.4.2.1. By Application
- 9.4.2.1.1. Footwear
- 9.4.2.1.2. Garments & Accessories
- 9.4.2.1.3. Others
- 10. Company Profiles
- 10.1. Natural Fiber Welding, Inc.
- 10.1.1. Overview
- 10.1.2. Description
- 10.1.3. Product Portfolio
- 10.1.4. Financials (Data as available in public domain and/or on paid databases)
- 10.1.5. Recent DevelopHouseholdts
- 10.2. MycoWorks
- 10.2.1. Overview
- 10.2.2. Description
- 10.2.3. Product Portfolio
- 10.2.4. Financials (Data as available in public domain and/or on paid databases)
- 10.2.5. Recent DevelopHouseholdts
- 10.3. Bolt Threads Inc.
- 10.3.1. Overview
- 10.3.2. Description
- 10.3.3. Product Portfolio
- 10.3.4. Financials (Data as available in public domain and/or on paid databases)
- 10.3.5. Recent DevelopHouseholdts
- 10.4. MODERN MEADOW
- 10.4.1. Overview
- 10.4.2. Description
- 10.4.3. Product Portfolio
- 10.4.4. Financials (Data as available in public domain and/or on paid databases)
- 10.4.5. Recent DevelopHouseholdts
- 10.5. Beyond Leather Materials
- 10.5.1. Overview
- 10.5.2. Description
- 10.5.3. Product Portfolio
- 10.5.4. Financials (Data as available in public domain and/or on paid databases)
- 10.5.5. Recent DevelopHouseholdts
- 10.6. Fruitleather Rotterdam
- 10.6.1. Overview
- 10.6.2. Description
- 10.6.3. Product Portfolio
- 10.6.4. Financials (Data as available in public domain and/or on paid databases)
- 10.6.5. Recent DevelopHouseholdts
- 10.7. Ananas Anam Ltd.
- 10.7.1. Overview
- 10.7.2. Description
- 10.7.3. Product Portfolio
- 10.7.4. Financials (Data as available in public domain and/or on paid databases)
- 10.7.5. Recent DevelopHouseholdts
- 10.8. Ecovative LLC
- 10.8.1. Overview
- 10.8.2. Description
- 10.8.3. Product Portfolio
- 10.8.4. Financials (Data as available in public domain and/or on paid databases)
- 10.8.5. Recent DevelopHouseholdts
- 11. Strategic Recommendations
Pricing
Currency Rates
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