Global Leather Market Research Report 2023-Competitive Analysis, Status and Outlook by Type, Downstream Industry, and Geography, Forecast to 2029

Global Leather Market Research Report 2023-Competitive Analysis, Status and Outlook by Type, Downstream Industry, and Geography, Forecast to 2029

Leather is a durable and flexible material created by tanning animal rawhides and skins. The most common raw material is cattle hide. It can be produced at manufacturing scales ranging from artisan to modern industrial scale.

Market Overview:

The latest research study on the global Leather market finds that the global Leather market reached a value of USD 31026.51 million in 2022. It’s expected that the market will achieve USD 47888.75 million by 2028, exhibiting a CAGR of 7.5% during the forecast period.

Religious sensitivity

In countries with large populations, many Animal Leathers are restricted for religious reasons. For example, Muslims cannot buy pigskin, while Hindus avoid using cats in order to adhere to religious obedience and respect. Many vegetarian Hindus do not use any leather. This taboo has a certain impact on the Animal Leather market, and suppliers should promote the market according to the characteristics of the region.

Animal rights activists

Animal rights activists often protest animal leather for human clothing. This has a little limiting effect on the development of the leather market and its application in downstream markets.

Growing downstream demand

The demand for leather products continues to increase, and as a raw material, the size of the leather market is also stimulated and expanding. The increasing demand for downstream provides an opportunity for the leather market.

The excellent properties of artificial leather are gradually replacing natural leather.

Animal Leather resources are limited, expensive, and heavily polluted during processing. The artificial leather processing process is not limited by time and raw materials, the product uniformity is good, and it is easy to cut and process. It is a good material to replace Animal Leather.

Region Overview:

From 2023-2028, North America is estimated to witness robust growth prospects.

Company Overview:

JBS S.A. is one of the major players operating in the Leather market, holding a share of 4.61% in 2023.

JBS S.A.

JBS S.A. is a Brazilian company that is the largest meat processing company in the world, producing factory processed beef, chicken and pork, and also selling by-products from the processing of these meats.

Cargill

Cargill, Incorporated provides agricultural products. The Company produces grains and oilseeds and provides farmer services and risk management solutions, as well as offers animal nutrition, biofuels, meat and poultry, food, and industrial products. Cargill serves customers worldwide.

Segmentation Overview:

Among different product types, Artificial Leather segment is anticipated to contribute the largest market share in 2028.

Application Overview:

By application, the Footwear segment occupied the biggest share from 2018 to 2022.

Key Companies in the global Leather market covered in Chapter 3:

Anhui Anli Material
Tyson Foods
Cargill
Boston Hides & Furs, Ltd.
Kuraray
Marfrig
Huafon Microfibre
JBS S.A.
Nan Ya Plastics
Toray
Zhejiang Hexin Holdings
Darling Ingredients
San Fang Chemical
Twin City Hide, Inc.
Minerva Foods
Wenzhou Imitation Leather
Sanimax

In Chapter 4 and Chapter 14.2, on the basis of types, the Leather market from 2018 to 2029 is primarily split into:

Artificial Leather
Animal Leather

In Chapter 5 and Chapter 14.3, on the basis of Downstream Industry, the Leather market from 2018 to 2029 covers:

Footwear
Clothing
Furnishing
Automotive
Bags
Others

Geographically, the detailed analysis of consumption, revenue, market share and growth rate, historic and forecast (2018-2029) of the following regions are covered in Chapter 8 to Chapter 14:

North America (United States, Canada)
Europe (Germany, UK, France, Italy, Spain, Russia, Netherlands, Turkey, Switzerland, Sweden)
Asia Pacific (China, Japan, South Korea, Australia, India, Indonesia, Philippines, Malaysia)
Latin America (Brazil, Mexico, Argentina)
Middle East & Africa (Saudi Arabia, UAE, Egypt, South Africa)