Bio Based Leather Market
Bio-Based Leather Market Forecasts to 2030 - Global Analysis By Source (Apple Peel, Cactus, Cork and Other Sources), By Application (Automotive, Footwear, Furniture and Other Applications) and By Geography
|
Years Covered |
2021-2030 |
|
Estimated Year Value (2023) |
US $757.70 MN |
|
Projected Year Value (2030) |
US $1,315.49 MN |
|
CAGR (2023-2030) |
8.2% |
|
Regions Covered |
North America, Europe, Asia Pacific, South America, and Middle East & Africa |
|
Countries Covered |
US, Canada, Mexico, Germany, UK, Italy, France, Spain, Japan, China, India, Australia, New Zealand, South Korea, Rest of Asia Pacific, South America, Argentina, Brazil, Chile, Middle East & Africa, Saudi Arabia, UAE, Qatar, and South Africa |
|
Largest Market |
North America |
|
Highest Growing Market |
Asia Pacific |
According to Stratistics MRC, the Global Bio-Based Leather Market is accounted for $757.70 million in 2023 and is expected to reach $1,315.49 million by 2030 growing at a CAGR of 8.2% during the forecast period. Bio-based leather refers to a sustainable alternative material produced from natural sources like plant matter or agricultural byproducts. It mimics the texture and properties of traditional leather without using animal hides, reducing environmental impact. Utilizing renewable resources and innovative manufacturing processes, bio-based leather offers a cruelty-free, eco-friendly option for fashion, upholstery and various industries, promoting sustainability and ethical practices in material production.
Market Dynamics:
Driver:
Environmental concerns associated with traditional leather production
Traditional leather production raises environmental concerns due to its heavy reliance on chemical-intensive tanning processes, water consumption and significant greenhouse gas emissions. Bio-based leather emerges as a sustainable alternative, addressing these concerns by utilizing renewable resources, reducing reliance on animal hides, and employing eco-friendly manufacturing techniques. Its production minimizes toxic chemical use, lowers water consumption, and diminishes carbon footprints, meeting consumer demand for environmentally conscious materials while offering a viable solution to mitigate the environmental impacts of conventional leather production.
Restraint:
Higher production costs compared to traditional leather
The intricate processes involved in sourcing renewable materials, utilizing eco-friendly manufacturing techniques and adhering to stringent sustainability standards inherently increase production expenses. Additionally, the technology required for processing bio-based materials into high-quality leather substitutes often demands specialized equipment and research, elevating overall production costs. This economic challenge poses a barrier to widespread adoption as it impacts competitive pricing against traditional leather, hindering mass-market penetration despite its environmental benefits.
Opportunity:
Growing consumer demand for sustainability and ethical products
As individuals prioritize eco-conscious choices, the demand for alternatives that minimize environmental impact, such as bio-based leather derived from renewable sources, surges. This trend propels innovation and adoption of cruelty-free materials, attracting environmentally conscious consumers and fostering a market for sustainable fashion and products. Companies embracing these values can leverage this growing demand to establish themselves as ethical and eco-friendly brands, driving market growth.
Threat:
Limited availability of certain raw materials
The limited availability of specific raw materials poses a significant threat to the bio-based leather market. As this industry relies on alternative sources like agricultural byproducts or plant-based materials, fluctuations in supply or scarcity of these resources can disrupt production. Variations in climate, seasonal changes, or agricultural challenges can directly impact the availability and consistency of these raw materials, affecting production volumes and product quality. Additionally, competition for these resources from other industries or applications further exacerbates the supply constraints.
Covid-19 Impact:
The COVID-19 pandemic disrupted the bio-based leather market by causing supply chain disruptions, factory closures and reduced consumer spending. Lockdowns and restrictions affected production and distribution, leading to delays in raw material sourcing and manufacturing. With decreased consumer purchasing power and a shift in priorities towards essentials, demand for non-essential items like fashion goods declined, impacting sales and growth prospects for bio-based leather products during the pandemic.
The pineapple leaf segment is expected to be the largest during the forecast period
The pineapple leaf segment is poised to dominate the market due to the growing demand for sustainable and cruelty-free materials. Pineapple leaf fibers offer a bio-based, eco-friendly alternative to traditional leather, aligning with consumer preferences for ethical and environmentally conscious products. With increasing awareness of sustainable practices, the pineapple leaf segment is projected to witness substantial growth and market dominance in the forecast period.
The footwear segment is expected to have the highest CAGR during the forecast period
The footwear segment is anticipated to experience the highest growth rate owing to increasing consumer awareness and demand for sustainable and innovative materials in the shoe industry. Manufacturers are increasingly adopting bio-based leather alternatives, including pineapple leaf fibers and other plant-based materials, to create eco-friendly and cruelty-free footwear. This shift aligns with evolving consumer preferences for environmentally conscious products, driving rapid growth in the adoption of bio-based materials within the footwear sector.
Region with largest share:
North America's dominance in the bio-based leather market is attributed to a combination of factors, including robust consumer awareness, a strong emphasis on sustainability and a growing demand for cruelty-free products. The region has witnessed a surge in eco-conscious consumer preferences, prompting businesses to adopt bio-based leather solutions. Additionally, supportive regulatory frameworks and investments in research and development contribute to North America's leading position in the market.
Region with highest CAGR:
The Asia Pacific region is poised for significant growth in the market due to burgeoning awareness of sustainable practices and an expanding consumer base. Increasing concerns about environmental impact and animal welfare drive the adoption of bio-based leather alternatives. Moreover, the region's robust manufacturing capabilities, coupled with a growing demand for eco-friendly products in countries like China and India, position Asia Pacific as a key contributor to the anticipated substantial growth in the bio-based leather market.
Key players in the market
Some of the key players in Bio-Based Leather Market include AlgiKnit, Amadou Leather, Ananas Anam, BioMASON, Bolt Threads, Desserto, Ecovative Design LLC, Frumat, Modern Meadow, MycoWorks, Nanolike, Nanollose, Natural Fiber Welding, Inc, Orange Fiber and Yulex Corporation.
Key Developments:
In June 2023, Natural Fiber Welding, Inc. announced a partnership with Ahima that will make it easier to sample and develop footwear made with MIRUM. This partnership will help the company to cover a wide range of markets.
In June 2023, Modern Meadows announced its strategic partnership with Navis TubeTex. It will help the company redefine the dyeing, finishing, and coating equipment segment, integrating Modern Medows cutting-edge Bio-Alloy technology with Navis TubeTex’s advanced Gaston Systems foam technology equipment.
In February 2023, Natural Fiber Welding, Inc. announced a partnership with Lenzing AG to offer TENCEL branded fibers as another backer option for Natural Fiber Welding, Inc. patented plant-based technology, MIRUM. The partnership will help the company to develop infinite possibilities for application from the new material.
Sources Covered:
• Apple Peel
• Cactus
• Cork
• Mushroom (Mycelium)
• Pineapple leaf
• Leftover Fruits
• Other Sources
Applications Covered:
• Automotive
• Footwear
• Furniture
• Clothing
• Other Applications
Regions Covered:
• North America
o US
o Canada
o Mexico
• Europe
o Germany
o UK
o Italy
o France
o Spain
o Rest of Europe
• Asia Pacific
o Japan
o China
o India
o Australia
o New Zealand
o South Korea
o Rest of Asia Pacific
• South America
o Argentina
o Brazil
o Chile
o Rest of South America
• Middle East & Africa
o Saudi Arabia
o UAE
o Qatar
o South Africa
o Rest of Middle East & Africa
What our report offers:
- Market share assessments for the regional and country-level segments
- Strategic recommendations for the new entrants
- Covers Market data for the years 2021, 2022, 2023, 2026, and 2030
- Market Trends (Drivers, Constraints, Opportunities, Threats, Challenges, Investment Opportunities, and recommendations)
- Strategic recommendations in key business segments based on the market estimations
- Competitive landscaping mapping the key common trends
- Company profiling with detailed strategies, financials, and recent developments
- Supply chain trends mapping the latest technological advancements
Free Customization Offerings:
All the customers of this report will be entitled to receive one of the following free customization options:
• Company Profiling
o Comprehensive profiling of additional market players (up to 3)
o SWOT Analysis of key players (up to 3)
• Regional Segmentation
o Market estimations, Forecasts and CAGR of any prominent country as per the client's interest (Note: Depends on feasibility check)
• Competitive Benchmarking
Benchmarking of key players based on product portfolio, geographical presence, and strategic alliances
Table of Contents
1 Executive Summary
2 Preface
2.1 Abstract
2.2 Stake Holders
2.3 Research Scope
2.4 Research Methodology
2.4.1 Data Mining
2.4.2 Data Analysis
2.4.3 Data Validation
2.4.4 Research Approach
2.5 Research Sources
2.5.1 Primary Research Sources
2.5.2 Secondary Research Sources
2.5.3 Assumptions
3 Market Trend Analysis
3.1 Introduction
3.2 Drivers
3.3 Restraints
3.4 Opportunities
3.5 Threats
3.7 Application Analysis
3.8 Emerging Markets
3.9 Impact of Covid-19
4 Porters Five Force Analysis
4.1 Bargaining power of suppliers
4.2 Bargaining power of buyers
4.3 Threat of substitutes
4.4 Threat of new entrants
4.5 Competitive rivalry
5 Global Bio-Based Leather Market, By Source
5.1 Introduction
5.2 Apple Peel
5.3 Cactus
5.4 Cork
5.5 Mushroom (Mycelium)
5.6 Pineapple leaf
5.7 Leftover Fruits
5.8 Other Sources
6 Global Bio-Based Leather Market, By Application
6.1 Introduction
6.2 Automotive
6.3 Footwear
6.4 Furniture
6.5 Clothing
6.6 Other Applications
7 Global Bio-Based Leather Market, By Geography
7.1 Introduction
7.2 North America
7.2.1 US
7.2.2 Canada
7.2.3 Mexico
7.3 Europe
7.3.1 Germany
7.3.2 UK
7.3.3 Italy
7.3.4 France
7.3.5 Spain
7.3.6 Rest of Europe
7.4 Asia Pacific
7.4.1 Japan
7.4.2 China
7.4.3 India
7.4.4 Australia
7.4.5 New Zealand
7.4.6 South Korea
7.4.7 Rest of Asia Pacific
7.5 South America
7.5.1 Argentina
7.5.2 Brazil
7.5.3 Chile
7.5.4 Rest of South America
7.6 Middle East & Africa
7.6.1 Saudi Arabia
7.6.2 UAE
7.6.3 Qatar
7.6.4 South Africa
7.6.5 Rest of Middle East & Africa
8 Key Developments
8.1 Agreements, Partnerships, Collaborations and Joint Ventures
8.2 Acquisitions & Mergers
8.3 New Product Launch
8.4 Expansions
8.5 Other Key Strategies
9 Company Profiling
9.1 AlgiKnit
9.2 Amadou Leather
9.3 Ananas Anam
9.4 BioMASON
9.5 Bolt Threads
9.6 Desserto
9.7 Ecovative Design LLC
9.8 Frumat
9.9 Modern Meadow
9.10 MycoWorks
9.11 Nanolike
9.12 Nanollose
9.13 Natural Fiber Welding, Inc
9.14 Orange Fiber
9.15 Yulex Corporation
List of Tables
1 Global Bio-Based Leather Market Outlook, By Region (2021-2030) ($MN)
2 Global Bio-Based Leather Market Outlook, By Source (2021-2030) ($MN)
3 Global Bio-Based Leather Market Outlook, By Apple Peel (2021-2030) ($MN)
4 Global Bio-Based Leather Market Outlook, By Cactus (2021-2030) ($MN)
5 Global Bio-Based Leather Market Outlook, By Cork (2021-2030) ($MN)
6 Global Bio-Based Leather Market Outlook, By Mushroom (Mycelium) (2021-2030) ($MN)
7 Global Bio-Based Leather Market Outlook, By Pineapple leaf (2021-2030) ($MN)
8 Global Bio-Based Leather Market Outlook, By Leftover Fruits (2021-2030) ($MN)
9 Global Bio-Based Leather Market Outlook, By Other Sources (2021-2030) ($MN)
10 Global Bio-Based Leather Market Outlook, By Application (2021-2030) ($MN)
11 Global Bio-Based Leather Market Outlook, By Automotive (2021-2030) ($MN)
12 Global Bio-Based Leather Market Outlook, By Footwear (2021-2030) ($MN)
13 Global Bio-Based Leather Market Outlook, By Furniture (2021-2030) ($MN)
14 Global Bio-Based Leather Market Outlook, By Clothing (2021-2030) ($MN)
15 Global Bio-Based Leather Market Outlook, By Other Applications (2021-2030) ($MN)
16 North America Bio-Based Leather Market Outlook, By Country (2021-2030) ($MN)
17 North America Bio-Based Leather Market Outlook, By Source (2021-2030) ($MN)
18 North America Bio-Based Leather Market Outlook, By Apple Peel (2021-2030) ($MN)
19 North America Bio-Based Leather Market Outlook, By Cactus (2021-2030) ($MN)
20 North America Bio-Based Leather Market Outlook, By Cork (2021-2030) ($MN)
21 North America Bio-Based Leather Market Outlook, By Mushroom (Mycelium) (2021-2030) ($MN)
22 North America Bio-Based Leather Market Outlook, By Pineapple leaf (2021-2030) ($MN)
23 North America Bio-Based Leather Market Outlook, By Leftover Fruits (2021-2030) ($MN)
24 North America Bio-Based Leather Market Outlook, By Other Sources (2021-2030) ($MN)
25 North America Bio-Based Leather Market Outlook, By Application (2021-2030) ($MN)
26 North America Bio-Based Leather Market Outlook, By Automotive (2021-2030) ($MN)
27 North America Bio-Based Leather Market Outlook, By Footwear (2021-2030) ($MN)
28 North America Bio-Based Leather Market Outlook, By Furniture (2021-2030) ($MN)
29 North America Bio-Based Leather Market Outlook, By Clothing (2021-2030) ($MN)
30 North America Bio-Based Leather Market Outlook, By Other Applications (2021-2030) ($MN)
31 Europe Bio-Based Leather Market Outlook, By Country (2021-2030) ($MN)
32 Europe Bio-Based Leather Market Outlook, By Source (2021-2030) ($MN)
33 Europe Bio-Based Leather Market Outlook, By Apple Peel (2021-2030) ($MN)
34 Europe Bio-Based Leather Market Outlook, By Cactus (2021-2030) ($MN)
35 Europe Bio-Based Leather Market Outlook, By Cork (2021-2030) ($MN)
36 Europe Bio-Based Leather Market Outlook, By Mushroom (Mycelium) (2021-2030) ($MN)
37 Europe Bio-Based Leather Market Outlook, By Pineapple leaf (2021-2030) ($MN)
38 Europe Bio-Based Leather Market Outlook, By Leftover Fruits (2021-2030) ($MN)
39 Europe Bio-Based Leather Market Outlook, By Other Sources (2021-2030) ($MN)
40 Europe Bio-Based Leather Market Outlook, By Application (2021-2030) ($MN)
41 Europe Bio-Based Leather Market Outlook, By Automotive (2021-2030) ($MN)
42 Europe Bio-Based Leather Market Outlook, By Footwear (2021-2030) ($MN)
43 Europe Bio-Based Leather Market Outlook, By Furniture (2021-2030) ($MN)
44 Europe Bio-Based Leather Market Outlook, By Clothing (2021-2030) ($MN)
45 Europe Bio-Based Leather Market Outlook, By Other Applications (2021-2030) ($MN)
46 Asia Pacific Bio-Based Leather Market Outlook, By Country (2021-2030) ($MN)
47 Asia Pacific Bio-Based Leather Market Outlook, By Source (2021-2030) ($MN)
48 Asia Pacific Bio-Based Leather Market Outlook, By Apple Peel (2021-2030) ($MN)
49 Asia Pacific Bio-Based Leather Market Outlook, By Cactus (2021-2030) ($MN)
50 Asia Pacific Bio-Based Leather Market Outlook, By Cork (2021-2030) ($MN)
51 Asia Pacific Bio-Based Leather Market Outlook, By Mushroom (Mycelium) (2021-2030) ($MN)
52 Asia Pacific Bio-Based Leather Market Outlook, By Pineapple leaf (2021-2030) ($MN)
53 Asia Pacific Bio-Based Leather Market Outlook, By Leftover Fruits (2021-2030) ($MN)
54 Asia Pacific Bio-Based Leather Market Outlook, By Other Sources (2021-2030) ($MN)
55 Asia Pacific Bio-Based Leather Market Outlook, By Application (2021-2030) ($MN)
56 Asia Pacific Bio-Based Leather Market Outlook, By Automotive (2021-2030) ($MN)
57 Asia Pacific Bio-Based Leather Market Outlook, By Footwear (2021-2030) ($MN)
58 Asia Pacific Bio-Based Leather Market Outlook, By Furniture (2021-2030) ($MN)
59 Asia Pacific Bio-Based Leather Market Outlook, By Clothing (2021-2030) ($MN)
60 Asia Pacific Bio-Based Leather Market Outlook, By Other Applications (2021-2030) ($MN)
61 South America Bio-Based Leather Market Outlook, By Country (2021-2030) ($MN)
62 South America Bio-Based Leather Market Outlook, By Source (2021-2030) ($MN)
63 South America Bio-Based Leather Market Outlook, By Apple Peel (2021-2030) ($MN)
64 South America Bio-Based Leather Market Outlook, By Cactus (2021-2030) ($MN)
65 South America Bio-Based Leather Market Outlook, By Cork (2021-2030) ($MN)
66 South America Bio-Based Leather Market Outlook, By Mushroom (Mycelium) (2021-2030) ($MN)
67 South America Bio-Based Leather Market Outlook, By Pineapple leaf (2021-2030) ($MN)
68 South America Bio-Based Leather Market Outlook, By Leftover Fruits (2021-2030) ($MN)
69 South America Bio-Based Leather Market Outlook, By Other Sources (2021-2030) ($MN)
70 South America Bio-Based Leather Market Outlook, By Application (2021-2030) ($MN)
71 South America Bio-Based Leather Market Outlook, By Automotive (2021-2030) ($MN)
72 South America Bio-Based Leather Market Outlook, By Footwear (2021-2030) ($MN)
73 South America Bio-Based Leather Market Outlook, By Furniture (2021-2030) ($MN)
74 South America Bio-Based Leather Market Outlook, By Clothing (2021-2030) ($MN)
75 South America Bio-Based Leather Market Outlook, By Other Applications (2021-2030) ($MN)
76 Middle East & Africa Bio-Based Leather Market Outlook, By Country (2021-2030) ($MN)
77 Middle East & Africa Bio-Based Leather Market Outlook, By Source (2021-2030) ($MN)
78 Middle East & Africa Bio-Based Leather Market Outlook, By Apple Peel (2021-2030) ($MN)
79 Middle East & Africa Bio-Based Leather Market Outlook, By Cactus (2021-2030) ($MN)
80 Middle East & Africa Bio-Based Leather Market Outlook, By Cork (2021-2030) ($MN)
81 Middle East & Africa Bio-Based Leather Market Outlook, By Mushroom (Mycelium) (2021-2030) ($MN)
82 Middle East & Africa Bio-Based Leather Market Outlook, By Pineapple leaf (2021-2030) ($MN)
83 Middle East & Africa Bio-Based Leather Market Outlook, By Leftover Fruits (2021-2030) ($MN)
84 Middle East & Africa Bio-Based Leather Market Outlook, By Other Sources (2021-2030) ($MN)
85 Middle East & Africa Bio-Based Leather Market Outlook, By Application (2021-2030) ($MN)
86 Middle East & Africa Bio-Based Leather Market Outlook, By Automotive (2021-2030) ($MN)
87 Middle East & Africa Bio-Based Leather Market Outlook, By Footwear (2021-2030) ($MN)
88 Middle East & Africa Bio-Based Leather Market Outlook, By Furniture (2021-2030) ($MN)
89 Middle East & Africa Bio-Based Leather Market Outlook, By Clothing (2021-2030) ($MN)
90 Middle East & Africa Bio-Based Leather Market Outlook, By Other Applications (2021-2030) ($MN)
List of Figures
RESEARCH METHODOLOGY
We at ‘Stratistics’ opt for an extensive research approach which involves data mining, data validation, and data analysis. The various research sources include in-house repository, secondary research, competitor’s sources, social media research, client internal data, and primary research.
Our team of analysts prefers the most reliable and authenticated data sources in order to perform the comprehensive literature search. With access to most of the authenticated data bases our team highly considers the best mix of information through various sources to obtain extensive and accurate analysis.
Each report takes an average time of a month and a team of 4 industry analysts. The time may vary depending on the scope and data availability of the desired market report. The various parameters used in the market assessment are standardized in order to enhance the data accuracy.
Data Mining
The data is collected from several authenticated, reliable, paid and unpaid sources and is filtered depending on the scope & objective of the research. Our reports repository acts as an added advantage in this procedure. Data gathering from the raw material suppliers, distributors and the manufacturers is performed on a regular basis, this helps in the comprehensive understanding of the products value chain. Apart from the above mentioned sources the data is also collected from the industry consultants to ensure the objective of the study is in the right direction.
Market trends such as technological advancements, regulatory affairs, market dynamics (Drivers, Restraints, Opportunities and Challenges) are obtained from scientific journals, market related national & international associations and organizations.
Data Analysis
From the data that is collected depending on the scope & objective of the research the data is subjected for the analysis. The critical steps that we follow for the data analysis include:
- Product Lifecycle Analysis
- Competitor analysis
- Risk analysis
- Porters Analysis
- PESTEL Analysis
- SWOT Analysis
The data engineering is performed by the core industry experts considering both the Marketing Mix Modeling and the Demand Forecasting. The marketing mix modeling makes use of multiple-regression techniques to predict the optimal mix of marketing variables. Regression factor is based on a number of variables and how they relate to an outcome such as sales or profits.
Data Validation
The data validation is performed by the exhaustive primary research from the expert interviews. This includes telephonic interviews, focus groups, face to face interviews, and questionnaires to validate our research from all aspects. The industry experts we approach come from the leading firms, involved in the supply chain ranging from the suppliers, distributors to the manufacturers and consumers so as to ensure an unbiased analysis.
We are in touch with more than 15,000 industry experts with the right mix of consultants, CEO's, presidents, vice presidents, managers, experts from both supply side and demand side, executives and so on.
The data validation involves the primary research from the industry experts belonging to:
- Leading Companies
- Suppliers & Distributors
- Manufacturers
- Consumers
- Industry/Strategic Consultants
Apart from the data validation the primary research also helps in performing the fill gap research, i.e. providing solutions for the unmet needs of the research which helps in enhancing the reports quality.
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