Vegan Leather Industry Will Hit $89.6 Billion By 2025, Says Report

Vegan Leather Industry Will Hit $89.6 Billion By 2025, Says Report


1 Minutes Read

More and more consumers are ditching traditional leather and opting for vegan options instead, data suggests (Photo: Adobe. Do not use without permission) - Media Credit:
Your ad here?


The global vegan leather market is set to hit $89.6 billion by 2025, according to a report by Infinium Global Research.

The growing demand is being driven by a number of factors, according to the data, which describes sector growth over the last decade as ‘noteworthy’.

These include evolving consumer trends, concerns over the environmental impact of traditional leather, increasing overall demand for vegan products, and rising awareness regarding the attributes of vegan leather, among others.

Innovators are moving away from animal skins and opting to make leather from materials including pineapple, apple, coffee grains, and cacti, among others (Photo: Adobe. Do not use without permission)

Vegan leather

The study, which predicts the market for vegan leather will see a compound annual growth rate of 49.9 percent in the forecast period (2019-2025), says vegan leather is being increasingly used in a range of applications, including footwear, interior designing, furnishing, automotive interiors, garments, and luxury goods.

The report cites this, notably increasing demand from the footwear sector, as a key factor propelling growth. The often lower cost of vegan leather, alongside its physical and functional properties are also cited as key factors.

Potential difficulties facing the sector include the shorter lifespan some vegan leathers can have compared to their traditional counterpart, and the investments need in the research and development to create sustainable vegan leather products.

Your ad here?


Support Plant Based News in our mission to plant 1 million trees by 2030. 🌳

Your donation supports our mission to bring you vital, up-to-the-minute plant-based news and research and contributes to our goal of planting 1 million trees by 2030. Every contribution combats deforestation and promotes a sustainable future. Together, we can make a difference – for our planet, health, and future generations.

© 2021 Plant Based News is a UK-based digital media outlet publishing content about veganism and plant-based living, including news and current events, health, personal transformation stories, features, and recipes. | Plant Based News Ltd, PO Box 71173, London, SE20 9DQ, United Kingdom.