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Global Vegan Leather Market Growing at a CAGR of 52.45% to Reach USD 718.6 Billion By 2030 | Infinium Global Research
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The global vegan leather market has witnessed significant growth in recent years, driven by a growing consumer shift towards cruelty-free, eco-friendly alternatives. As consumers become increasingly conscious of the detrimental effects of traditional leather production on animals and the environment, the demand for vegan leather has surged.
Vegan leather, typically made from plastic-based materials like polyvinyl chloride (PVC) and polyurethane, is known for its thin and lightweight nature, making it an excellent choice for fashion applications. Innovative companies have also begun experimenting with alternative materials such as mushrooms, pineapples, and active cultures to create sustainable alternatives for the fashion industry.
The report highlights that the increasing adoption of vegan culture and the shift towards cruelty-free leather alternatives have led to a surge in demand for vegan leather. High-grade artificial leathers and recycled polyesters are gaining prominence in the market due to concerns over the environmental impact of traditional leather production. However, the high research and development (R&D) costs associated with manufacturing biodegradable vegan leather may moderately restrain market growth.
Despite these challenges, the report underlines the potential for the vegan leather market, particularly in the automotive industry. Key players in the automotive sector, such as Volkswagen, Mercedes-Benz, and Tesla, are adopting vegan leather in their vehicles, creating promising opportunities for emerging players in the vegan leather industry.
Geographically, North America holds the largest share in the global vegan leather market, driven by increasing demand for natural ingredients and a growing preference for vegan/vegetarian products. Europe is the second-largest market, with a substantial potential for growth, particularly in the UK and France. The Asia Pacific region, with countries like China, India, Japan, and South Korea, has also seen considerable growth, especially in the automotive and footwear industries.
The report provides a detailed analysis of the market by product and application segments. Product segments include polyurethane, recycled polyester, and bio-based vegan leather, while application segments encompass furnishing, automotive, footwear, bags & wallets, clothing, and other uses.
The report also features profiles of key companies in the market, including Ananas Anam Ltd, Desserto, VEJA, VEERAH, Responsive Industries Ltd, Modern Meadow, Bolt Threads Inc, VEGEA SRL, Fruitleather Rotterdam, and Matt & Nat Company.
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Table of Content
Chapter 1. Preface
1.1. Report Description
1.2. Research Methods
1.3. Research Approaches
Chapter 2. Executive Summary
2.1. Vegan Leather Market Highlights
2.2. Vegan Leather Market Projection
2.3. Vegan Leather Market Regional Highlights
Chapter 3. Global Vegan Leather Market Overview
3.1. Introduction
3.2. Market Dynamics
3.2.1. Drivers
3.2.2. Restraints
3.2.3. Opportunities
3.3. Analysis of COVID-19 impact on the Vegan Leather Market
3.4. Porter's Five Forces Analysis
3.5. IGR-Growth Matrix Analysis
3.5.1. IGR-Growth Matrix Analysis by Product
3.5.2. IGR-Growth Matrix Analysis by Application
3.5.3. IGR-Growth Matrix Analysis by Region
3.6. Value Chain Analysis of Vegan Leather Market
Chapter 4. Vegan Leather Market Macro Indicator Analysis
Chapter 5. Global Vegan Leather Market by Product
5.1. Polyurethane
5.2. Recycled Polyester
5.3. Bio Based
Chapter 6. Global Vegan Leather Market by Application
6.1. Furnishing
6.2. Automotive
6.3. Footwear
6.4. Bags & Wallets
6.5. Clothing
6.6. Other Applications
Chapter 7. Global Vegan Leather Market by Region 2023-2030
7.1. North America
7.1.1. North America Vegan Leather Market by Product
7.1.2. North America Vegan Leather Market by Application
7.1.3. North America Vegan Leather Market by Country
7.2. Europe
7.2.1. Europe Vegan Leather Market by Product
7.2.2. Europe Vegan Leather Market by Application
7.2.3. Europe Vegan Leather Market by Country
7.3. Asia-Pacific
7.3.1. Asia-Pacific Vegan Leather Market by Product
7.3.2. Asia-Pacific Vegan Leather Market by Application
7.3.3. Asia-Pacific Vegan Leather Market by Country
7.4. RoW
7.4.1. RoW Vegan Leather Market by Product
7.4.2. RoW Vegan Leather Market by Application
7.4.3. RoW Vegan Leather Market by Sub-region
Chapter 8. Company Profiles and Competitive Landscape
8.1. Competitive Landscape in the Global Vegan Leather Market
8.2. Companies Profiles
8.2.1. Ananas Anam Ltd
8.2.2. Desserto
8.2.3. VEJA
8.2.4. VEERAH
8.2.5. Responsive Industries Ltd
8.2.6. Modern Meadow
8.2.7. Bolt Threads Inc
8.2.8. VEGEA SRL
8.2.9. Fruitleather Rotterdam
8.2.10. Matt & Nat Company
More Insights on this report, Speak to Our Analyst: https://www.infiniumglobalresearch.com/reports/enquiry/18228
Reasons to Buy this Report:
=> Comprehensive analysis of global as well as regional markets of vegan leather.
=> Complete coverage of all the product types and application segments to analyze the trends, developments, and forecast of market size up to 2030.
=> Comprehensive analysis of the companies operating in this market. The company profile includes an analysis of the product portfolio, revenue, SWOT analysis, and the latest developments of the company.
=> Infinium Global Research- Growth Matrix presents an analysis of the product segments and geographies that market players should focus on to invest, consolidate, expand, and/or diversify.
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About Infinium Global Research:
Infinium Global Research is a business consulting and market research firm; a group of experts that caters to fulfilling business and market research needs of leading companies in various industry verticals and business segments. The company also serves government bodies, institutes, and non-profit/non-government organizations to meet their knowledge and information needs.
Through our information services and solutions, we assist our clients to improve their performance and assess the market conditions to achieve their organizational goals. Our team of experts and analysts are engaged in continuously monitoring and assessing the market conditions to provide knowledge support to our clients. To help our clients and to stay updated with the advances and inventions in technology, business processes, regulations, and the environment, Infinium often conducts regular meets with industry experts and opinion leaders. Our key opinion leaders are involved in monitoring and assessing the progress in the business environment, so as to offer the best opinion to our clients.
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