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Leather Goods Market Current Demand and Growth 2026: Top Vendors LVMH Moët Hennessy Louis Vuitton SE, Kering S.A., Adidas AG, Hermès International S.A., Dolce & Gabbana Luxembourg S.à.r.l., Overseas Leather Goods Company Pvt Ltd, Tata International Ltd

Leather Goods Market

Leather Goods Market

Leather is made from hides and skin of the animals such as cattle, sheep, dogs, pigs, and others by the process of tanning or by impregnation preserving the natural structure of the hide. Increasing supply of the raw material depends on the increasing demand for meat, is driving growth of leather goods market. According to United States, Food and Agriculture Organization, the meat consumption in 2015 was 41.3 kg per capita in world, which is expected to increase up to 45.3 kg per capita by 2030. Furthermore, the leather is one of the most traded commodities in the world and plays an important role in the growing economy of the world. According to Council for Leather Exports (CLE), U.S. holds first position in import of leather products and accounted for 14.25% in 2016, which increases up to 15.36% in 2017.

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Major Players in Global Leather Goods Market:

Some of the key players operating in the global leather goods market include LVMH Moët Hennessy Louis Vuitton SE, Kering S.A., Adidas AG, Hermès International S.A., Dolce & Gabbana Luxembourg S.à.r.l., Overseas Leather Goods Company Pvt Ltd, Tata International Ltd, Chanel International B.V., Prada S.p.A, Ralph Lauren Corporation, and others.

The leather goods market was valued at US$ 220.71 billion in 2016 and is expected to expand at a CAGR of 5.02%, in terms of revenue, over the forecast period (2017 – 2025).

Market Dynamics

Asia Pacific is projected to hold the dominant position in global leather goods market, followed by North America and Europe over the forecast period. There are various institutional support offered to the leather industry, which is expected to fuel the growth of leather goods market. For instance, Leather Industry Association of Botswana, represents hide and skin and manufacturers of leather products collaborated with the government in order to review legislation, policy strategies and guidelines to improve the quality, and leather products manufacturing plants.

However, as the production of leather involves killing of animals such as cattle and calves, the petitions are being filed by various organizations such as People for the Ethical Treatment of Animals (PETA) to ban leather products, which is expected to have negative impact on the growth of market. Moreover, introduction of cheaper raw materials as compared to leather is also hindering the market growth.

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Detailed Segmentation:

Global Leather goods Market, By Product Type:
Footwear
Luggage
Wallets & Purses
Apparel
Others

About Coherent Market Insights:
Coherent Market Insights is a prominent market research and consulting firm offering action-ready syndicated research reports, custom market analysis, consulting services, and competitive analysis through various recommendations related to emerging market trends, technologies, and potential absolute dollar opportunity.

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Coherent Market Insights
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