Brazil Leather Goods Market Overview, 2028

Brazil Leather Goods Market Overview, 2028

Brazil is one of the largest producers of leather in South America, with a significant portion of its production dedicated to the manufacture of leather goods. Brazil has a long history of producing high-quality leather goods, with many Brazilian brands recognised around the region for their craftsmanship and design. The industry is known for its sustainable practises, with many companies focused on reducing waste and promoting ethical sourcing of materials. The Brazilian leather goods market has a significant impact on the country's economy, providing jobs and contributing to the country's overall economic growth. The industry is constantly evolving, with companies focused on improving product design and developing new technologies to enhance the quality and durability of their products. Brazil plays a leading role in the world market for bovine leather, being a reference in quality, innovation, and quantity for export. This is because the country has one of the largest cattle herds in the country, since leather is a by-product of the food segment, fostering an up cycling industry. The main focus of Brazilian leather exports to many countries is to meet the great demand of its high-end footwear and automotive industries, which are, respectively.

According to the research report ""Brazil Leather Goods Market Overview, 2028,"" published by Bonafide Research, the Brazil Leather Goods market is expected to grow at a CAGR of above 6% from 2023 to 2028. Brazil is one of the largest producers of cattle in the region, and this has made it a leading producer of high-quality leather. The abundance of raw materials has contributed to the growth of the leather goods market in Brazil. The fashion industry in Brazil is growing, and this has led to an increase in demand for high-quality leather goods. Many Brazilian designers are now incorporating leather into their designs, which has helped drive growth in the leather goods market. Based on the types of leather products, they include footwear, handbags, small leather goods and accessories, apparel, home decor and furnishing, pet accessories, automotive accessories, luggage, and bags. In Brazil, footwear has the highest market share in the leather goods market. Leather shoes were expected to be the most expensive type of footwear in Brazil, with an average price of 138.6 U.S. dollars per unit. Athletic shoes followed, with an average price of 101.56 dollars. In the future, handbags will have the highest market share. Consumers are looking for personalised leather handbags that reflect their individual style and preferences. This trend has led to an increase in demand for custom-made handbags, where consumers can choose the size, colour, and style of the bag. There is a growing trend for vintage-style leather handbags that are inspired by classic designs from the past. These handbags are often made from high-quality leather and feature unique and intricate details.

There are several start-ups in Brazil that are focused on the leather goods industry. Onbag is a Brazilian start-up that creates high-quality leather backpacks, handbags, and accessories. Their products are known for their durability and style. Casa do Couro is a leather goods start-up that specializes in handmade leather products. They offer a wide range of products including bags, belts, and wallets, and use high-quality materials to ensure their products last for years. Mumo is a Brazilian start-up that creates stylish and sustainable bags made from recycled materials. Their products are designed to be both functional and fashionable, and they are committed to reducing their environmental impact. These start-ups are growing entrepreneurial spirit in the Brazilian leather goods industry. With a focus on sustainability, quality, and style, these companies are driving innovation and growth in the market.

Based on the Leather Types includes the Genuine Leather and Synthetic Leather. In Brazil the Genuine leather is leading in the market, it is having the highest market share in country. Genuine leather is known for its durability and longevity. It can last for years, even with regular use, and can withstand wear and tear better than synthetic materials. Leather products are often handcrafted, which adds to their value and appeal. The process of creating leather goods requires skill and expertise, and many consumers appreciate the attention to detail that goes into each product. In future the synthetic leather will grow at the highest CAGR rate. Based on the distribution channel includes the Speciality Store, Supermarkets and Hypermarkets, Brand Outlets, Online Stores and Others. Currently in Brazil the speciality stores is leading the leather goods market. Some of the top speciality stores that offer the leather goods in Brazil are the Couro & Cia, Casa da Couro, Art Couro and Di pollini. There are some of the top local manufacturer of the leather goods are the Couroquimia, Fascar, Artesano and Le Lis Blance.

Considered in this report
• Geography: Brazil
• Historic year: 2017
• Base year: 2022
• Estimated year: 2023
• Forecast year: 2028

Aspects covered in this report
• Brazil Leather Goods market with its value and forecast along with its segments
• Various drivers and challenges
• On-going trends and developments
• Top profiled companies
• Strategic recommendation

By Type
• Genuine Leather
• Synthetic Leather

By Product
• Footwear
• Handbags
• Small Leather Goods/ Accessories
• Apparel
• Home Décor and Furnishing
• Pet Accessories
• Automotive Accessories
• Luggage & bags

By Distribution Channel
• Speciality Store
• Supermarkets and Hypermarkets
• Brand Outlets
• Online Stores
• Others

The approach of the report:
This report consists of a combined approach of primary as well as secondary research. Initially, secondary research was used to get an understanding of the market and list out the companies that are present in the market. The secondary research consists of third-party sources such as press releases, and annual reports of companies, analyzing the government-generated reports and databases. After gathering the data from secondary sources primary research was conducted by making telephonic interviews with the leading players about how the market is functioning and then conducting trade calls with dealers and distributors of the market. Post this we have started doing primary calls to consumers by equally segmenting consumers into regional aspects, tier aspects, age groups, and gender. Once we have primary data with us we started verifying the details obtained from secondary sources.

Intended audience
This report can be useful to industry consultants, manufacturers, suppliers, associations & organizations related to the Leather Goods industry, government bodies, and other stakeholders to align their market-centric strategies. In addition to marketing & presentations, it will also increase competitive knowledge about the industry.