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Global Bio-based Leather Market by Source (Cactus, Coconut Husk, Cork), Product Positioning (Commodity, Mid-range, Premium), Sales Channel, End-Use - Forecast 2023-2030

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  • 185 Pages
  • March 2024
  • Region: Global
  • 360iResearch™
  • ID: 5532638
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The Bio-based Leather Market size was estimated at USD 1.53 billion in 2022, USD 1.64 billion in 2023, and is expected to grow at a CAGR of 8.14% to reach USD 2.86 billion by 2030.

The bio-based leather is an eco-friendly alternative to traditional leather derived from organic, renewable sources, such as plant-based fibers and fungal mycelium. Bio-based leather fulfills the growing demand for sustainable materials across various sectors, including footwear, apparel, accessories, automotive interiors, and furniture upholstery. Heightened consumer awareness regarding environmental sustainability and strict animal welfare regulations, increasing the adoption of bio-based leather. The government supports eco-friendly practices and advancements in alternative production processes like microorganism fermentation, increasing the availability of bio-based leather. The bio-based leather market faces several challenges, including high research and development costs and inconsistent material properties affecting the quality, durability, and performance of materials. To overcome these obstacles and foster growth within the bio-based leather industry, it is crucial to focus on innovation in key areas. Such areas include developing new materials with enhanced properties like improved durability or biodegradability, optimizing existing production methods, and discovering new techniques that increase efficiency while lowering costs.

Regional Insights

The global market for bio-based leather is witnessing significant growth across various regions, driven by increasing consumer demand for sustainable and eco-friendly alternatives to traditional leather. Consumer awareness regarding environmental issues and animal welfare is observed to be high in the Americas region. As a result, there is an increasing demand for bio-based leather products in the fashion and automotive industries. In addition, government policies are promoting the development of sustainable alternatives to leather materials. EU countries exhibit a strong commitment to sustainability through stringent regulations and substantial investments in research & development of bio-based materials. Moreover, rising consumer consciousness about ethical fashion has led European brands to incorporate bio-based leather into their products. China, Japan, and India are key markets within the Asia Pacific region that contribute significantly to the global bio-based leather market. China's strict government regulations on pollution have accelerated the demand for sustainable alternatives.

FPNV Positioning Matrix

The FPNV Positioning Matrix is pivotal in evaluating the Bio-based Leather Market. It offers a comprehensive assessment of vendors, examining key metrics related to Business Strategy and Product Satisfaction. This in-depth analysis empowers users to make well-informed decisions aligned with their requirements. Based on the evaluation, the vendors are then categorized into four distinct quadrants representing varying levels of success: Forefront (F), Pathfinder (P), Niche (N), or Vital (V).

Market Share Analysis

The Market Share Analysis is a comprehensive tool that provides an insightful and in-depth examination of the current state of vendors in the Bio-based Leather Market. By meticulously comparing and analyzing vendor contributions in terms of overall revenue, customer base, and other key metrics, we can offer companies a greater understanding of their performance and the challenges they face when competing for market share. Additionally, this analysis provides valuable insights into the competitive nature of the sector, including factors such as accumulation, fragmentation dominance, and amalgamation traits observed over the base year period studied. With this expanded level of detail, vendors can make more informed decisions and devise effective strategies to gain a competitive edge in the market.

Key Company Profiles

The report delves into recent significant developments in the Bio-based Leather Market, highlighting leading vendors and their innovative profiles. These include Adidas AG, Allbirds, Inc., Ananas Anam Ltd., Bioleather, Bolt Threads, Inc., BZ Leather Company, DAN & MÉZ KG, Ecovative Design LLC, Flokser Tekstil San. ve Tic. Inc., Foremost Champion Co., Ltd., Guccio Gucci S.p.A., HUGO BOSS Corporate, ISA TanTec Ltd., Kuraray Co., Ltd., Modern Meadow, Inc., Mycoworks Inc., Nat-2, Natural Fiber Welding, Inc., Studio Tjeerd Veenhoven, Teijin Frontier Co., Ltd., and Toray Industries, Inc.

Market Segmentation & Coverage

This research report categorizes the Bio-based Leather Market to forecast the revenues and analyze trends in each of the following sub-markets:

  • Source
    • Cactus
    • Coconut Husk
    • Cork
    • Corn
    • Leftover Fruits (Apple & Grapes)
    • Mushroom & Mycelia
    • Palm
    • Pineapple
  • Product Positioning
    • Commodity
    • Mid-range
    • Premium
    • Super premium
  • Sales Channel
    • Offline
    • Online
  • End-Use
    • Automotive
      • Dashboards & Rear Shelves
      • Door Panels
      • Seat Covers & Head Rests
      • Steering Cover
    • Bags & Wallets
    • Electronics
    • Footwear
    • Furniture
    • Garments & Accessories
    • Sports
  • Region
    • Americas
      • Argentina
      • Brazil
      • Canada
      • Mexico
      • United States
        • California
        • Florida
        • Illinois
        • New York
        • Ohio
        • Pennsylvania
        • Texas
    • Asia-Pacific
      • Australia
      • China
      • India
      • Indonesia
      • Japan
      • Malaysia
      • Philippines
      • Singapore
      • South Korea
      • Taiwan
      • Thailand
      • Vietnam
    • Europe, Middle East & Africa
      • Denmark
      • Egypt
      • Finland
      • France
      • Germany
      • Israel
      • Italy
      • Netherlands
      • Nigeria
      • Norway
      • Poland
      • Qatar
      • Russia
      • Saudi Arabia
      • South Africa
      • Spain
      • Sweden
      • Switzerland
      • Turkey
      • United Arab Emirates
      • United Kingdom

The report offers valuable insights on the following aspects

  1. Market Penetration: It presents comprehensive information on the market provided by key players.
  2. Market Development: It delves deep into lucrative emerging markets and analyzes the penetration across mature market segments.
  3. Market Diversification: It provides detailed information on new product launches, untapped geographic regions, recent developments, and investments.
  4. Competitive Assessment & Intelligence: It conducts an exhaustive assessment of market shares, strategies, products, certifications, regulatory approvals, patent landscape, and manufacturing capabilities of the leading players.
  5. Product Development & Innovation: It offers intelligent insights on future technologies, R&D activities, and breakthrough product developments.

The report addresses key questions such as

  1. What is the market size and forecast of the Bio-based Leather Market?
  2. Which products, segments, applications, and areas should one consider investing in over the forecast period in the Bio-based Leather Market?
  3. What are the technology trends and regulatory frameworks in the Bio-based Leather Market?
  4. What is the market share of the leading vendors in the Bio-based Leather Market?
  5. Which modes and strategic moves are suitable for entering the Bio-based Leather Market?

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This report also includes a complimentary Excel file with data from the report for purchasers at the Site License or greater level.

Table of Contents

1. Preface
1.1. Objectives of the Study
1.2. Market Segmentation & Coverage
1.3. Years Considered for the Study
1.4. Currency & Pricing
1.5. Language
1.6. Limitations
1.7. Assumptions
1.8. Stakeholders
2. Research Methodology
2.1. Define: Research Objective
2.2. Determine: Research Design
2.3. Prepare: Research Instrument
2.4. Collect: Data Source
2.5. Analyze: Data Interpretation
2.6. Formulate: Data Verification
2.7. Publish: Research Report
2.8. Repeat: Report Update
3. Executive Summary
4. Market Overview
4.1. Introduction
4.2. Bio-based Leather Market, by Region
5. Market Insights
5.1. Market Dynamics
5.1.1. Drivers
5.1.1.1. Rising Trend for Sustainable Footwear, Garments, and Accessories
5.1.1.2. Rising Application of Bio-Based Leather in Automotive Industry
5.1.2. Restraints
5.1.2.1. High Cost of Bio-Based Leather Products
5.1.3. Opportunities
5.1.3.1. Ongoing R&D to Introduce New Bio-based Leather Products
5.1.3.2. Favorable Potential for Startup to Innovate Animal-leather Alternative Materials
5.1.4. Challenges
5.1.4.1. Issues associated with bio-based leather
5.2. Market Segmentation Analysis
5.2.1. Source: Rising demand for eco-friendly and sustainable alternatives to traditional leather
5.2.2. Product Positioning: Increasing production of premium bio-based leather utilized for high end products
5.2.3. Sales Channel: Surging online sales channels of bio-based leather with expanding eCommerce sector
5.2.4. End-Use: Increasing adoption of bio-based leather across textile and fashion industries
5.3. Market Trend Analysis
5.4. Cumulative Impact of COVID-19
5.5. Cumulative Impact of Russia-Ukraine Conflict
5.6. Cumulative Impact of High Inflation
5.7. Porter’s Five Forces Analysis
5.7.1. Threat of New Entrants
5.7.2. Threat of Substitutes
5.7.3. Bargaining Power of Customers
5.7.4. Bargaining Power of Suppliers
5.7.5. Industry Rivalry
5.8. Value Chain & Critical Path Analysis
5.9. Regulatory Framework
5.10. Client Customization
5.10.1. Pricing Analysis & Trend
5.10.2. Value Chain Analysis
6. Bio-based Leather Market, by Source
6.1. Introduction
6.2. Cactus
6.3. Coconut Husk
6.4. Cork
6.5. Corn
6.6. Leftover Fruits (Apple & Grapes)
6.7. Mushroom & Mycelia
6.8. Palm
6.9. Pineapple
7. Bio-based Leather Market, by Product Positioning
7.1. Introduction
7.2. Commodity
7.3. Mid-range
7.4. Premium
7.5. Super premium
8. Bio-based Leather Market, by Sales Channel
8.1. Introduction
8.2. Offline
8.3. Online
9. Bio-based Leather Market, by End-Use
9.1. Introduction
9.2. Automotive
9.3.1. Dashboards & Rear Shelves
9.3.2. Door Panels
9.3.3. Seat Covers & Head Rests
9.3.4. Steering Cover
9.3. Bags & Wallets
9.4. Electronics
9.5. Footwear
9.6. Furniture
9.7. Garments & Accessories
9.8. Sports
10. Americas Bio-based Leather Market
10.1. Introduction
10.2. Argentina
10.3. Brazil
10.4. Canada
10.5. Mexico
10.6. United States
11. Asia-Pacific Bio-based Leather Market
11.1. Introduction
11.2. Australia
11.3. China
11.4. India
11.5. Indonesia
11.6. Japan
11.7. Malaysia
11.8. Philippines
11.9. Singapore
11.10. South Korea
11.11. Taiwan
11.12. Thailand
11.13. Vietnam
12. Europe, Middle East & Africa Bio-based Leather Market
12.1. Introduction
12.2. Denmark
12.3. Egypt
12.4. Finland
12.5. France
12.6. Germany
12.7. Israel
12.8. Italy
12.9. Netherlands
12.10. Nigeria
12.11. Norway
12.12. Poland
12.13. Qatar
12.14. Russia
12.15. Saudi Arabia
12.16. South Africa
12.17. Spain
12.18. Sweden
12.19. Switzerland
12.20. Turkey
12.21. United Arab Emirates
12.22. United Kingdom
13. Competitive Landscape
13.1. FPNV Positioning Matrix
13.2. Market Share Analysis, By Key Player
13.3. Competitive Scenario Analysis, By Key Player
13.3.1. Agreement, Collaboration, & Partnership
13.3.1.1. Lenzing and NFW partner to provide sustainable leather alternatives for fashion
13.3.2. Investment & Funding
13.3.2.1. UNCAGED Innovations Secures USD 2M in Pre-Seed Funding to Create Plastic-Free, Luxury Vegan Leather
13.3.2.2. Bucha Bio Closes Oversubscribed USD 1.1M Round for Sustainable Plant-Based Leather
14. Competitive Portfolio
14.1. Key Company Profiles
14.1.1. Adidas AG
14.1.2. Allbirds, Inc.
14.1.3. Ananas Anam Ltd.
14.1.4. Bioleather
14.1.5. Bolt Threads, Inc.
14.1.6. BZ Leather Company
14.1.7. DAN & MÉZ KG
14.1.8. Ecovative Design LLC
14.1.9. Flokser Tekstil San. ve Tic. Inc.
14.1.10. Foremost Champion Co., Ltd.
14.1.11. Guccio Gucci S.p.A.
14.1.12. HUGO BOSS Corporate
14.1.13. ISA TanTec Ltd.
14.1.14. Kuraray Co., Ltd.
14.1.15. Modern Meadow, Inc.
14.1.16. Mycoworks Inc.
14.1.17. Nat-2
14.1.18. Natural Fiber Welding, Inc.
14.1.19. Studio Tjeerd Veenhoven
14.1.20. Teijin Frontier Co., Ltd.
14.1.21. Toray Industries, Inc.
14.2. Key Product Portfolio
15. Appendix
15.1. Discussion Guide
15.2. License & Pricing
List of Figures
FIGURE 1. BIO-BASED LEATHER MARKET RESEARCH PROCESS
FIGURE 2. BIO-BASED LEATHER MARKET SIZE, 2022 VS 2030
FIGURE 3. BIO-BASED LEATHER MARKET SIZE, 2018-2030 (USD MILLION)
FIGURE 4. BIO-BASED LEATHER MARKET SIZE, BY REGION, 2022 VS 2030 (%)
FIGURE 5. BIO-BASED LEATHER MARKET SIZE, BY REGION, 2022 VS 2023 VS 2030 (USD MILLION)
FIGURE 6. BIO-BASED LEATHER MARKET DYNAMICS
FIGURE 7. BIO-BASED LEATHER MARKET SIZE, BY SOURCE, 2022 VS 2030 (%)
FIGURE 8. BIO-BASED LEATHER MARKET SIZE, BY SOURCE, 2022 VS 2023 VS 2030 (USD MILLION)
FIGURE 9. BIO-BASED LEATHER MARKET SIZE, BY PRODUCT POSITIONING, 2022 VS 2030 (%)
FIGURE 10. BIO-BASED LEATHER MARKET SIZE, BY PRODUCT POSITIONING, 2022 VS 2023 VS 2030 (USD MILLION)
FIGURE 11. BIO-BASED LEATHER MARKET SIZE, BY SALES CHANNEL, 2022 VS 2030 (%)
FIGURE 12. BIO-BASED LEATHER MARKET SIZE, BY SALES CHANNEL, 2022 VS 2023 VS 2030 (USD MILLION)
FIGURE 13. BIO-BASED LEATHER MARKET SIZE, BY END-USE, 2022 VS 2030 (%)
FIGURE 14. BIO-BASED LEATHER MARKET SIZE, BY END-USE, 2022 VS 2023 VS 2030 (USD MILLION)
FIGURE 15. AMERICAS BIO-BASED LEATHER MARKET SIZE, BY COUNTRY, 2022 VS 2030 (%)
FIGURE 16. AMERICAS BIO-BASED LEATHER MARKET SIZE, BY COUNTRY, 2022 VS 2023 VS 2030 (USD MILLION)
FIGURE 17. UNITED STATES BIO-BASED LEATHER MARKET SIZE, BY STATE, 2022 VS 2030 (%)
FIGURE 18. UNITED STATES BIO-BASED LEATHER MARKET SIZE, BY STATE, 2022 VS 2023 VS 2030 (USD MILLION)
FIGURE 19. ASIA-PACIFIC BIO-BASED LEATHER MARKET SIZE, BY COUNTRY, 2022 VS 2030 (%)
FIGURE 20. ASIA-PACIFIC BIO-BASED LEATHER MARKET SIZE, BY COUNTRY, 2022 VS 2023 VS 2030 (USD MILLION)
FIGURE 21. EUROPE, MIDDLE EAST & AFRICA BIO-BASED LEATHER MARKET SIZE, BY COUNTRY, 2022 VS 2030 (%)
FIGURE 22. EUROPE, MIDDLE EAST & AFRICA BIO-BASED LEATHER MARKET SIZE, BY COUNTRY, 2022 VS 2023 VS 2030 (USD MILLION)
FIGURE 23. BIO-BASED LEATHER MARKET, FPNV POSITIONING MATRIX, 2022
FIGURE 24. BIO-BASED LEATHER MARKET SHARE, BY KEY PLAYER, 2022

Companies Mentioned

  • Adidas AG
  • Allbirds, Inc.
  • Ananas Anam Ltd.
  • Bioleather
  • Bolt Threads, Inc.
  • BZ Leather Company
  • DAN & MÉZ KG
  • Ecovative Design LLC
  • Flokser Tekstil San. ve Tic. Inc.
  • Foremost Champion Co., Ltd.
  • Guccio Gucci S.p.A.
  • HUGO BOSS Corporate
  • ISA TanTec Ltd.
  • Kuraray Co., Ltd.
  • Modern Meadow, Inc.
  • Mycoworks Inc.
  • Nat-2
  • Natural Fiber Welding, Inc.
  • Studio Tjeerd Veenhoven
  • Teijin Frontier Co., Ltd.
  • Toray Industries, Inc.

Methodology

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Table Information