Press Release

Plant-Based Leather Industry to Hit USD125 Million Mark by 2030 Globally

The Global Plant-Based Leather Market size was valued at around USD79 million in 2024 and is projected to reach USD125 million by 2030. Along with this, the market is estimated to grow at a CAGR of around 8% during the forecast period, i.e., 2025-30, cites MarkNtel advisors in the recent research report.

In the leather industry, the improper disposal of solid and liquid waste in landfills or through water has contaminated the environment. Solid wastes such as hair, flesh, shavings, etc., are burned or left in landfills for decomposition, releasing toxic waste such as ammonia, methane, and others into the atmosphere. Moreover, the chemical waste produced in various processes of manufacturing leather is disposed of into the drainage, which later meets the waterbodies. This has resulted in undertaking strict actions to prevent these unhealthy practices in several countries such as India, China, and others, worldwide. Hence, the implication of bans on several products of this industry fuels the market growth of plant-based leather products, globally.

Additionally, the demand for environmentally friendly and cruelty-free leather is further fueled due to the torturous slaughtering process of obtaining skin and hide from the animals. Several times, animals such as cows, elephants, sharks, etc., are killed during the process. The rising animal welfare programs such as campaigns, workshops, and others, have awakened the customers, hence positively influencing the plant-based leather market worldwide. Subsequently, this pushes the manufacturers to innovate and advance their techniques and processes. In recent years, plant-based leather has been innovated rigorously which is an alternative to animal-based leather. As compared to skin and hide-based leather, plant-based leather is more environmentally friendly and cruelty-free as it is obtained from renewables. Several plant-based types of leather include mushroom leather, pineapple leather, and others, which are preferable alternatives to traditional leather.

Moreover, plant-based leather manufacturers are enlarging their production units, hence broadening the scope for further research and development in the industry. Along with that, the unique characteristics of plant-based leathers such as antifungal and antibacterial, have proven to be a golden opportunity for plant-based leather manufacturers. Several renowned manufacturers like Puma and Adidas have grasped this opportunity and are expanding their business. The mushroom leather is made from waste products of other sectors such as mycelium produced by the oyster industry, which has again proven to be an opportunity for the expansion of business as mycelium is a by-product that is used to generate more revenue, further states the research report, “Global Plant-Based Leather Market Analysis, 2025.”

Plant-Based Leather Market Segmentation Analysis

Fashion Segment Dominates the Global Plant-Based Leather Market

Based on the application, the market is further bifurcated into fashion and other applications. Here, fashion leads the market for plant-based leather by 59%. Affordable internet services & higher smartphone penetration across the globe have increased the influence of fast fashion among consumers. The population, especially Gen-Z, is boosting the growth of online shopping platforms, thus fueling the fast fashion trends. This has resulted in raising the demand for fashion which includes clothes, footwear, and accessories. The inclination of consumers toward emerging fashion trends is directly translating to a higher need for low-cost and sustainable leather products.

Moreover, the leading players are formulating new & advanced plant-based leather that has revolutionized the fashion industry, hence creating a potential for growth and development in the plant-based leather industry. Additionally, bioactive properties such as antibacterial and antifungal of plant-based leather have further boosted the demand in fashion.

Europe Drives the Plant-Based Leather Industry Globally

Europe leads the plant-based leather market globally (more than 35% market share) due to its rich heritage for the craftsmanship of leather production and products. The sharp skills of traditional European individuals have evolved the leather industry globally. The complex classical method of tanning high-quality skins and hides has enhanced their skills, which is visible in their designs, raising the standards of the leather goods. Thus, the rise in demand for plant-based leather products and accessories is leading Europeans to upgrade themselves and work efficiently on plant-based leather.

Additionally, the rise in the chain of luxurious leather product brands such as Louis Vuitton, Christian Dior, Coach, and others has further influenced the leather industry. Hence, generating the demand for premium quality plant-based leather and its products.

Competitive Landscape

With strategic initiatives, such as mergers, collaborations, and acquisitions, the leading market companies, including Ananas Anam, Desserto, Nupelle, Natural Fiber Welding, Inc., Peel Lab, Malai Eco, Vegea, Pangaia Grado Zero Srl, Bioleather, Mabel Srl, Beyond Leather Materials, Fruitleather Rotterdam, Ecovative LLC, MycoWorks, BZ Leather, and others are looking forward to strengthening their market positions.

Key Questions Answered in the Research Report

1. What are the industry’s overall statistics or estimates (Overview, Size- By Value, Forecast Numbers, Segmentation, Shares)?
2. What are the trends influencing the current scenario of the market?
3. What key factors would propel and impede the industry across the globe?
4. How has the industry been evolving in terms of geography & product adoption?
5. How has the competition been shaping up across various regions?
6. How have buying behavior, customer inclination, and expectations from product manufacturers been evolving during 2020-30?
7. Who are the key competitors, and what strategic partnerships or ventures are they coming up with to stay afloat during the projected time frame?