Plant-based Leather Market Share, Size, Trends, Industry Analysis Report, By Product Type (Pineapple Leather, Cactus Leather, Mushroom Leather, Apple Leather, and Other Product Types); By Application; By Region; Segment Forecast, 2023 - 2032

Plant-based Leather Market Share, Size, Trends, Industry Analysis Report, By Product Type (Pineapple Leather, Cactus Leather, Mushroom Leather, Apple Leather, and Other Product Types); By Application; By Region; Segment Forecast, 2023 - 2032

The global plant-based leather market size is expected treach USD 44.13 billion in 2032 by according ta new study by Polaris Market Research. The report “Plant-based Leather Market Share, Size, Trends, Industry Analysis Report, By Product Type (Pineapple Leather, Cactus Leather, Mushroom Leather, Apple Leather, and Other Product Types); By Application; By Region; Segment Forecast, 2023-2032” gives a detailed insight intcurrent market dynamics and provides analysis on future market growth.

With the extensive rise in the global e-commerce industry across the globe and increased number of mobile phone users and penetration, the plant-based leather market is expected tshow substantial market growth over the coming years. As, several types of attractive blogs, social media campaigns, and emergence of online platforms are encouraging consumers towards and making them more aware towards the benefits of vegan of plant-based products. In addition, tcater the growing consumer demand for animal-free and organic products, several manufacturers are implementing on new products development and enhancement, which is likely tcreate significant market growth opportunities.

For instance, in September 2022, Allbirds, introduced new plastic free plant borne leather sneakers in a partnership with the Natural Fiber Welding, with an aim treduce the dependence on harmful chemical-based products. Sneaker lining is made up of Tencel & the midsole from the sweet-foam sugarcane-based green ethylene-vinyl acetate.

In the last few years, the emerging trend of inclination towards the green products coupled with the growing government regulations on variety of plant-based products and rise in the fashion consciousness among people are gaining high traction and resulting in higher demand and growth. In addition, the presence of a healthy economy and easy availability of credit especially in developed countries like US, Canada, and Germany, people are willing ttry different things, which is anticipated tboom the market growth at significant rate.

In comparison tthe growing criticism of the effects of animal agriculture and meat industry are all directly related and equally responsible for environmental and social damage. As the traditional process of leather production releases various hazardous gases and chemicals such as chromium, lead, arsenic, and many others, which have led tthe closure of various tanneries. Meanwhile, there is a rapidly growing market for plant-based leather alternatives and companies across the world.

Plant-based Leather Market Report Highlights

Mushroom leather segment accounted for the largest market revenue share in 2022, which is mainly accelerated by growing prevalence and adoption as an alternative for animal-derived leather

Fashion accessories segment is expected tgrow during the forecast period, owing tthe change in consumer preferences towards the sustainable and eco-friendly fashion products

Europe region dominated the global market for plant-based leather in 2022 on account of growing number of favorable government initiatives and new technology development for product development in the region

The global key market players include Natural Fiber Welding Inc., Paraxel International Corporation, DuPont Tate & Lyle BiProducts, and Beyond Leather Materials

Polaris Market Research has segmented the Plant-based Leather market report based on product type, application, and region:

Plant-based Leather, Product Type Outlook (Revenue - USD Billion, (2019 - 2032)

Pineapple Leather

Cactus Leather

Mushroom Leather

Apple Leather

Other Product types

Plant-based Leather, Application Outlook (Revenue - USD Billion, (2019 - 2032)

Clothing

Accessories

Footwear

Automotive Interiors

Home Décor

Others

Plant-based Leather, Regional Outlook (Revenue - USD Billion, (2019 - 2032)

North America

U.S.

Canada

Europe

Germany

UK

France

Italy

Spain

Russia

Netherlands

Asia Pacific

China

India

Japan

South Korea

Indonesia

Malaysia

Latin America

Argentina

Brazil

Mexico

Middle East & Africa

UAE

Saudi Arabia

Israel

South Africa