Plant-Based Leather Industry : Mushroom Leather, Pioneering Sustainability in Fashion and Automotive Industries

The global plant-based leather market will grow to USD 97 million by 2027, growing at a CAGR of 7.5% during the forecast period. The growing awareness about climate change and animal welfare and the resulting surging demand for sustainable, ethical, eco-friendly, cruelty-free, and clean products are encouraging designers, artisans, fashion brands, and automotive companies to shift from conventional leather and adopt strategies such as collaborations and partnerships with companies manufacturing plant-based leather.

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Mushroom leather led the market in 2021, and the market is projected to grow with a CAGR of 7.7% during the forecast period (2022-2027)

Mushroom leather had a share of 26.6% in the plant based leather market in 2021, the largest among all product types and the market is anticipitated to grow with a CAGR of 7.7% between 2022 and 2027. The dominance is attributed to the increased application of mushroom leather in the fashion and automotive industry to meet the demand of vegan and cruelty-free products and also to the collaborations between mushroom leather companies and internationally recognized fashion and automotive brands.

MIRUM which is a premium mushroom leather developed by Natural Fiber Welding (US) made its premium watch strap debut with IWC and Gisele Bündchen in July 2022. The collaboration signified the launch of MiraTexTM straps created using MIRUM by IWC Schaffhausen, the Swiss luxury watchmaker alongside Gisele Bündchen, the company's new Environmental & Community Projects Advisor.

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The fashion segment is the fastest-growing among various applications of plant-based leather during the forecast period

The fashion industry has been one of the major industries to have acknowledged the surging trend of vegan fashion. Given the increased demand for plant-based fashion goods, various internationally acclaimed fashion brands, such as H&M, Stella McCartney, and Gucci, are slowly incorporating plant-based leather in their collections and are expected to gradually shift from conventional animal leather to cruelty-free, eco-friendly plant-based leather. These products are ethical yet maintain the style and texture of traditional leather, thus satisfying the needs of the increasingly environmentally conscious customer base.

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Asia Pacific is witnessing the highest growth rate in the plant-based leather market

Asia Pacific includes China, India, Japan, Thailand, Indonesia, South Korea, Australia and New Zealand, and the rest of Asia Pacific. Agriculture in Asia is essential to the continents prosperity. Farming practices produce a considerable amount of waste each year, which alternative leather industries utilize to produce plant-based leather.

In Japan, consumer behavior is influenced by climate change, sustainable, and cruelty-free products, and zero waste. Gradually, the demand is set to shift from traditional animal goods to cleaner, greener plant-based products by environment-conscious and vegan consumers. The Japanese shoe and accessory brand Belle and Sofa employ vegan leather instead of actual leather to manufacture designer bags and shoes.

The key players in the plant-based leather market include Ananas Anam (UK), DESSERTO (Mexico), NUPELLE (Taiwan), Natural Fiber Welding, Inc. (US), and PEEL Lab (Japan).

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