Bio-based Leather Market by Source (Mushroom, Pineapple, Apple, Cactus, Tree Bark, Leftover Fruits), End-Use Industry (Footwear, Garments & Accessories), and Region (North America, Europe, APAC, MEA, South America) - Global Forecast to 2028
In terms of value, the bio-based leather market size is projected to increase from USD 107 million in 2023 to USD 216 million by 2028, at a CAGR of 15.0%. The strong demand for eco-friendly and sustainable materials is a pivotal driver in bio-based leather market, particularly in the context of the fashion industry where it aids in more environment friendly leather material without compromising the leather quality. This factor significantly contributes to a positive market outlook. This trend is further propelling the bio-based leather market. Notably, bio-based leather’s durability, texture, and appearance nature position it as an optimal solution for traditional leather in footwear, garments & accessories, furniture, and automotive sector. Consequently, the heightened demand for bio-based leather within the fashion industry across various known brands is a direct result of these compelling incentives.
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Market Dynamics
Driver: Harmful effects of leather on humans promoting the use of bio-based leather
Bio-based leather is gaining popularity in the fashion industry, where they're replacing traditional leather materials in footwear, garments & accessories, and others. This shift is driven by the fact that traditional leather products frequently contain leftover chemicals that might cause allergies and sensitivities in some people. Contact with these substances on the skin can cause rashes and other skin disorders. The bio-based leather substitution is especially relevant considering the health risks associated with chemicals, leading many countries to impose bans or restrictions on animal leather products due to a rising number of health issues.
Restraints: Price sensitivity in emerging economies
The bio-based leather market is hampered by price sensitivity in emerging markets. Consumers in these places sometimes choose affordability over sustainability, making it difficult for bio-based leather products, which can be more expensive to manufacture, to acquire widespread adoption. To overcome this constraint, cost-effective production methods and pricing strategies that are in line with local economic conditions are required. Furthermore, as sustainability becomes more important in emerging countries, education and awareness efforts can help consumers comprehend the long-term benefits of bio-based leather, thus lessening price sensitivity.
Opportunities: Advances in bio-based leather technology
Bio-based leather technology advancements create considerable prospects in the bio-based leather market. Biotechnology, materials science, and manufacturing process advancements are enabling the development of bio-based leather that nearly resembles the properties of regular leather. Moreover, the capacity to develop bio-based leather with distinct qualities broadens its uses across varied industries such as fashion, automotive, and furniture, offering a plethora of potential opportunities in a burgeoning industry.
Challenges: High product cost
The high product cost is the key challenge in the bio-based leather market. Producing bio-based leather through new, sustainable ways frequently necessitates extensive research, development, and specialized equipment, resulting in greater production costs than regular leather. To get around this obstacle, continual cost-cutting measures, enhanced economies of scale, and improved production efficiency are required.
Bio-Based Leather Market Ecosystem
Prominent companies in this market include well-established bio-based leather manufacturers. These businesses have been in business for a while and have an extensive range of products, pioneering technologies, and strong international sales and marketing networks. Top companies in this market include Natural Fiber Welding, Inc. (US), Ananas Anam Ltd. (UK), MycoWorks Inc. (US), Bolt Threads Inc. (US), Modern Meadows (US), Adriano di Marti (Mexico), Ultrafabrics Holdings Co., Ltd. (US), Beyond Leather Materials (Denmark), Fruitleather Rotterdam (Netherlands), and VEGEA (Italy).
Based on the source, pineapple is projected to be the fastest-growing market for bio-based leather, in terms of value, during the forecast period.
Pineapple-based leather is expected to be the fastest-growing market in the bio-based leather industry due to its sustainability and adaptability. For example, Pinatex is a pineapple-based leather that is manufactured from the fibers of pineapple leaves, a byproduct of the fruit industry. It provides a cruelty-free, environmentally friendly alternative to traditional leather, addressing both ethical and ecological concerns. With rising consumer demand for eco-friendly and vegan-friendly products, the pineapple-based leather industry is expected to expand rapidly. Additionally, its lightweight, resilient, and biodegradable nature makes it appealing for usage in fashion, accessories, and upholstery, boosting its potential for growth.
Based on the end-use industry, garments & accessories are projected to be the largest market segment for bio-based leather market, in terms of value, in 2022.
Garments and accessories are expected to dominate the bio-based leather industry due to their significant use of leather materials. Bio-based leather offers an eco-friendly alternative to traditional leather as customers prioritize sustainable and cruelty-free design options. Its adjustable features enable the development of fashionable, high-quality clothes and accessories. Moreover, the fashion industry's influence in molding customer choices promotes demand for bio-based leather in this category. With unique bio-leather technologies and a growing awareness of environmental concerns, the garments and accessories segment is projected to remain the largest and fastest-growing market for bio-based leather products.
“Europe is estimated to be the largest region in bio-based leather market in 2022, in terms of value.”
Europe's market supremacy in bio-based leather can be ascribed to the continent's strong dedication to sustainability and tough regulations. European customers are becoming more ecologically concerned and are looking for eco-friendly alternatives, which is driving up demand for bio-based leather. Furthermore, the legislative framework of the European Union stimulates the use of sustainable materials and production techniques, which drives market growth. Bio-based leather is being adopted by European fashion businesses and vehicle manufacturers due to its ethical and environmental benefits. Europe is poised to be the largest region in terms of bio-based leather market value in 2022 because of a mix of consumer awareness, legislative backing, and industry innovation.
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Key Market Players
The key players profiled in the report include Natural Fiber Welding, Inc. (US), Ananas Anam Ltd. (UK), MycoWorks Inc. (US), Bolt Threads Inc. (US), Modern Meadows (US), Adriano di Marti (Mexico), Ultrafabrics Holdings Co., Ltd. (US), Beyond Leather Materials (Denmark), Fruitleather Rotterdam (Netherlands), and VEGEA (Italy) among others, are the key manufacturers that holds major market share in the last few years. A major focus was given to collaborations, partnerships, and new product development due to the changing requirements of users across the world.
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- Competitor Analysis with Interactive dashboard
- Latest News, Updates & Trend analysis
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Report Metric |
Details |
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Years considered for the study |
2017-2028 |
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Base year considered |
2022 |
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Forecast period |
2023–2028 |
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Units considered |
Volume (Thousand Sq. Meter) and Value (USD Thousand/Million) |
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Segments Covered |
Source, End-Use Industry, and Region |
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Regions covered |
Asia Pacific, North America, Europe, Middle East & Africa, and South America |
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Companies profiled |
Natural Fiber Welding, Inc. (US), Ananas Anam Ltd. (UK), MycoWorks Inc. (US), Bolt Threads Inc. (US), Modern Meadows (US), Adriano di Marti (Mexico), Ultrafabrics Holdings Co., Ltd. (US), Beyond Leather Materials (Denmark), Fruitleather Rotterdam (Netherlands), and VEGEA (Italy) |
This report categorizes the global bio-based leather market based on source, end-use industry, and region.
On the basis of source, the bio-based leather market has been segmented as follows:
- Mushroom
- Pineapple
- Apple
- Cactus
- Tree Bark
- Leftover Fruits
- Others
On the basis of the end-use industry, the bio-based leather market has been segmented as follows:
- Footwear
- Garments & Accessories
- Others
On the basis of region, the bio-based leather market has been segmented as follows:
- Europe
- North America
- Asia Pacific
- Middle East & Arica
- South America
Recent 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 May 2023, Modern Meadows launched Bio-VERA, a novel, sustainable, animal-free biomaterial that looks, feels, and naturally ages like traditional leather, suede, or chamois. The highly anticipated Bio-VERA biomaterial is powered by the proprietary Modern Meadows Bio-Alloy technology application platform and designed to create a positive impact on both people and the planet.
- In March 2023, Adriano di Marti announced the launch of a new bio-based leather named Desserto Agave which is made of leaves of an agave plant, which in turn is a byproduct of tequila production process. The leaves are processed to remove the fibers, which are then blended with resin to create a leather-like material.
- 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.
Frequently Asked Questions (FAQ):
What are the major developments impacting the market?
The chances for use bio-based leather in fashion industry are expected to shift market trends.
Who are major players in bio-based leather market?
Natural Fiber Welding, Inc. (US), Ananas Anam Ltd. (UK), MycoWorks Inc. (US), Bolt Threads Inc. (US), and Modern Meadows (US).
What is the major end-use industry of bio-based leather?
Garments & accessories is the major end-use industry for bio-based leather market during the forecast period.
What are the major factors restraining market growth during the forecast period?
Minor drawbacks related to processing & degradability and price sensitivity in emerging economies are restraining the market.
What are the various strategies key players are focusing within bio-based leather market?
Key players are majorly focused on new product launches and partnering with local or regional players within the market, to attract larger market share globally. .
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The study involved four major activities in estimating the market size for the bio-based leather market. Intensive secondary research was done to gather information on the market, the peer market, and the parent market. The next step was to validate these findings, assumptions, and sizing with industry experts across the value chain through primary research. Both top-down and bottom-up approaches were employed to estimate the complete market size. Post that, the market breakdown and data triangulation procedures were used to estimate the market size of the segments and subsegments.
Secondary Research
Secondary sources used in this study included annual reports, press releases, and investor presentations of companies; white papers; certified publications; articles from recognized authors; and gold standard & silver standard websites such as Factiva, ICIS, Bloomberg, and others. The findings of this study were verified through primary research by conducting extensive interviews with key officials such as CEOs, VPs, directors, and other executives. The breakdown of profiles of the primary interviewees is illustrated in the figure below:
Primary Research
The bio-based leather market comprises several stakeholders, such as raw material suppliers, end-product manufacturers, and regulatory organizations in the supply chain. The demand side of this market is characterized by key opinion leaders in various applications for the bio-based leather market. The supply side is characterized by advancements in technology and diverse application industries. Various primary sources from both the supply and demand sides of the market were interviewed to obtain qualitative and quantitative information.
Breakdown of Primary Participants
Note: Tier 1, Tier 2, and Tier 3 companies are classified based on their market revenue in 2022, available in the public domain, product portfolios, and geographical presence.
Other designations include consultants and sales, marketing, and procurement managers.
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COMPANY NAME |
DESIGNATION |
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Natural Fiber Welding, Inc. |
Global Strategy & Innovation Manager |
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Ananas Anam Ltd. |
Technical Sales Manager |
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MycoWorks Inc. |
Senior Supervisor |
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Bolt Threads Inc. |
Production Supervisor |
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Modern Meadows |
Production Manager |
MARKET SIZE ESTIMATION
Both top-down and bottom-up approaches were used to estimate and validate the total size of the bio-based leather market. These methods were also used extensively to estimate the size of various subsegments in the market. The research methodology used to estimate the market size includes the following:
- The key players in the industry have been identified through extensive secondary research.
- The supply chain of the industry has been determined through primary and secondary research.
- All percentage shares, splits, and breakdowns have been determined using secondary sources and verified through primary sources.
- All possible parameters that affect the markets covered in this research study have been accounted for, viewed in extensive detail, verified through primary research, and analyzed to obtain the final quantitative and qualitative data.
Bio-based Leather Market: Bottom-Up Approach
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Bio-based Leather Market: Top-Down Approach
Data Triangulation
After arriving at the overall market size—using the market size estimation processes as explained above—the market was split into respective segments and subsegments. To realize the overall market engineering process and arrive at the exact statistics of each market segment and subsegment, data triangulation and market breakdown procedures were employed, wherever applicable. The data was triangulated by studying several factors and trends from both the demand and supply sides in the bio-based leather industry.
Market Definition
Bio-based leather, also known as vegan leather or plant-based leather, is a type of leather alternative that is made from natural, renewable materials instead of animal hides. It is designed to mimic the look and feel of traditional leather while being more sustainable and cruelty-free. The bio-based leather provides a promising alternative to traditional leather, offering a more sustainable and ethical choice for consumers who are conscious of their environmental impact.
Key Stakeholders
- Bio-based leather manufacturers
- Raw material manufacturers
- Government planning commissions and research organizations
- Industry associations
- End-use industries
- R&D institutions
Report Objectives
- To analyze and forecast the size of the bio-based leather market in terms of volume and value
- To provide detailed information regarding key factors, such as drivers, restraints, challenges, and opportunities influencing the growth of the market
- To define, describe, and segment the bio-based leather market based on source and end-use industry.
- To forecast the size of the market segments for regions such as Asia Pacific, North America, Europe, South America, and Middle East & Africa
- To strategically analyze the segmented markets with respect to individual growth trends, prospects, and contributions to the overall market
- To identify and analyze opportunities for stakeholders in the market
- To strategically profile key players and comprehensively analyze their core competencies
Available Customizations
Along with the given market data, MarketsandMarkets offers customizations according to the company’s specific needs. The following customization options are available for the report:
Regional Analysis
- Further breakdown of a region with respect to a particular country or additional application type
Company Information
- Detailed analysis and profiles of additional market players (up to five)
Generating Response ...
Growth opportunities and latent adjacency in Bio-based Leather Market