Global Plant-Based Leather Market Insights Forecasts to 2032

• The Global Plant-Based Leather Market Size was valued at USD 67.6 million in 2022.
• The Market is growing at a CAGR of 7.4% from 2022 to 2032
• The Worldwide Plant-Based Leather Market Size is expected to reach USD 139.2 million by 2032
• Asia Pacific is expected to grow the fastest during the forecast period

 

 

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The Global Plant-Based Leather Market is anticipated to exceed USD 139.2 million by 2032, growing at a CAGR of 7.4% from 2022 to 2032. The global plant-based leather market has gained significant traction in recent years due to increasing consumer awareness about environmental sustainability, animal welfare concerns, and the demand for cruelty-free and eco-friendly alternatives to traditional leather.

 

Market Overview

Plant-based leather, also known as vegan leather or faux leather, is a cruelty-free and eco-friendly alternative to conventional leather made from animal hides. It is derived from various plant-based materials such as pineapple leaves, apple peels, mushrooms, cork, and other innovative sources. Growing environmental awareness among consumers and the adverse effects of animal agriculture has led to rising demand for sustainable alternatives to leather, driving the plant-based leather market. Leading fashion brands and designers are adopting plant-based leather in their collections, promoting its use as a trendy and ethical choice. This has positively influenced market growth. The global plant-based leather market has witnessed significant growth in recent years due to increasing consumer awareness about sustainability and the harmful environmental impacts of traditional leather production. 

 

The plant-based leather market is experiencing strong growth across regions, including North America, Europe, Asia Pacific, and the Rest of the World. Developed regions such as North America and Europe have witnessed significant adoption of plant-based leather due to high consumer awareness and stringent regulations promoting sustainability. Asia Pacific is emerging as a lucrative market, driven by a large population, increasing disposable income, and growing environmental consciousness.

 

Report Coverage

This research report categorizes the market for the global plant-based leather market based on various segments and regions and forecasts revenue growth and analyzes trends in each submarket. The report analyses the key growth drivers, opportunities, and challenges influencing the plant-based leather market. Recent market developments and competitive strategies such as expansion, product launch, and development, partnership, merger, and acquisition have been included to draw the competitive landscape in the market. The report strategically identifies and profiles the key market players and analyses their core competencies in each sub-segment of the plant-based leather market.

 

Driving Factors

The rising awareness and concerns regarding animal welfare have significantly influenced the plant-based leather market. Consumers are increasingly conscious of the ethical implications of using animal-derived leather and are seeking cruelty-free alternatives. Plant-based leather provides a viable solution, as it eliminates the need for animal exploitation and helps meet the demand for compassionate and sustainable products.

 

The fashion industry plays a significant role in driving the demand for plant-based leather. Fashion brands and designers are increasingly incorporating plant-based leather into their collections, responding to the evolving consumer preferences for sustainable and cruelty-free fashion. High-profile endorsements and collaborations have helped raise awareness about plant-based leather and contributed to its wider acceptance in the fashion industry.

 

The versatility of plant-based leather has led to its adoption in diverse industries beyond fashion, including automotive, furniture, and interiors. Automakers are incorporating plant-based leather in vehicle interiors to meet the demand for sustainable luxury, while furniture manufacturers are using plant-based leather as an eco-friendly alternative to traditional upholstery materials. These expanding applications across industries have fueled the growth of the plant-based leather market.

 

Restraining Factors

Plant-based leather often requires complex manufacturing processes and specialized equipment, leading to higher production costs compared to traditional animal-based leather. The cost of sourcing and processing plant-based materials, such as fruits, mushrooms, or plant fibers, can be relatively expensive. As a result, the final price of plant-based leather products is often higher, which can limit consumer affordability and hinder market growth.

 

Market Segmentation

The Global Plant-Based Leather Market share is classified into product type and application.

 

• The mushroom leather segment is expected to hold the largest share of the global plant-based leather market during the forecast period.

The global plant-based leather market is segmented by product type into pineapple leather, cactus leather, mushroom leather, and apple leather. Among these, the mushroom leather segment is expected to hold the largest share of the global plant-based leather market during the forecast period. The growth is attributed to the increased use of mushroom leather in the fashion and automotive sectors in order to satisfy the demand for vegan and cruelty-free products, as well as partnerships among mushroom leather-based firms and globally recognized fashion and automotive brands. Mushroom leather offers a range of desirable properties, including strength, flexibility, breathability, and natural variations in texture and color. It has potential applications in fashion, accessories, automotive interiors, and home furnishings. Mushroom leather is highly regarded for its environmentally friendly nature, as it is biodegradable and can be grown without the need for extensive land use or water consumption.

 

• The fashion segment is expected to hold the largest share of the global plant-based leather market during the forecast period. 

Based on the application, the global plant-based leather market is divided into fashion (clothing, accessories, and footwear), automotive interior, and home. Among these, the fashion segment is expected to hold the largest share of the global plant-based leather market during the forecast period. The reason behind the growth is, consumers are increasingly seeking sustainable and cruelty-free alternatives in the fashion industry, and plant-based leather offers a compelling option. The fashion segment, including clothing, accessories, and footwear, is a significant market for plant-based leather. Plant-based leather materials, such as pineapple leather (Piñatex), mushroom leather (Mycelium leather), and cactus leather (Desserto leather), have gained popularity among fashion designers and brands globally.

 

Regional Segment Analysis of the Global Plant-Based Leather Market

• North America (U.S., Canada, Mexico) 
• Europe (Germany, France, U.K., Italy, Spain, Rest of Europe)
• Asia-Pacific (China, Japan, India, Rest of APAC)
• South America (Brazil and the Rest of South America) 
• The Middle East and Africa (UAE, South Africa, Rest of MEA)

 

Europe is estimated to hold the largest share of the global plant-based leather market over the predicted timeframe.

 

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Europe is expected to hold the largest share of the global plant-based leather market during the forecast period. Europe has been at the forefront of sustainability initiatives, driving the adoption of plant-based leather across various industries. Countries like the United Kingdom, Germany, and the Netherlands have witnessed significant growth in plant-based leather manufacturing and consumption. The European Union's strict regulations on animal welfare and environmental sustainability have further fueled the demand for plant-based alternatives. European fashion brands, automotive manufacturers, and furniture companies have shown a strong inclination toward incorporating plant-based leather into their products, contributing to the region's market share.

 

Asia Pacific is expected to grow at the fastest pace in the global plant-based leather market during the forecast period. The Asia Pacific region holds immense potential for the plant-based leather market due to its large population, increasing disposable income, and shifting consumer preferences. Countries such as China, Japan, and South Korea are witnessing a growing demand for sustainable and cruelty-free alternatives in the fashion and automotive sectors. Additionally, India has a long history of using plant-based materials for textile production and is actively exploring plant-based leather options. The region's growing middle class and rising environmental consciousness are expected to drive the adoption of plant-based leather in various industries.

 

Competitive Analysis:

The report offers the appropriate analysis of the key organizations/companies involved within the global plant-based leather along with a comparative evaluation primarily based on their product offering, business overviews, geographic presence, enterprise strategies, segment market share, and SWOT analysis. The report also provides an elaborative analysis focusing on the current news and developments of the companies, which includes product development, innovations, joint ventures, partnerships, mergers & acquisitions, strategic alliances, and others. This allows for the evaluation of the overall competition within the market.

 

List of Key Companies

• Ananas Anam 
• DESSERTO 
• NUPELLE 
• Natural Fiber Welding, Inc. 
• PEEL Lab 
• Malai Eco 
• Nova Milan 
• PANGAIA GRADO ZERO SRL 
• bioleather 
• MABEL SRL 
• Beyond Leather Materials 
• Fruitleather Rotterdam 
• Ecovative LLC. 
• MycoWorks 
• BZ LEATHER  
• Others

 

Key Target Audience

• Market Players
• Investors
• End-users
• Government Authorities 
• Consulting And Research Firm
• Venture capitalists
• Value-Added Resellers (VARs)

 

Recent Developments

• In April 2022, Natural Fiber Welding, Inc. received USD85 million in funding from BMW if Ventures, Ralph Lauren Corporation, Advantage Capital, and Central Illinois Angels, allowing the company to scale its operations.

 

• In November 2021, DESSERTO collaborated with Adidas to launch Titlt 350, a new line of boxing gloves made from DESSERTO cactus leather.

 

Market Segment

This study forecasts revenue at global, regional, and country levels from 2020 to 2032. Spherical Insights has segmented the Global Plant-Based Leather Market based on the below-mentioned segments:

 

Global Plant-Based Leather Market, By Product Type

• Pineapple Leather
• Cactus Leather
• Mushroom Leather
• Apple Leather

 

Global Plant-Based Leather Market, By Application  

• Fashion (Clothing, Accessories, and Footwear)
• Automotive Interior
• Home

 

Global Plant-Based Leather Market, By Region

• North America
  • US
  • Canada
  • Mexico
• Europe
  • Germany
  • Uk
  • France
  • Italy
  • Spain
  • Russia
  • Rest of Europe
• Asia Pacific
  • China
  • Japan
  • India
  • South Korea
  • Australia
  • Rest of Asia Pacific
• South America
  • Brazil
  • Argentina
  • Rest of South America
• Middle East & Africa
  • UAE
  • Saudi Arabia
  • Qatar
  • South Africa
  • Rest of Middle East & Africa