Bio-based leather market to reach $1.2 billion by 2030

In Texas, SNS Insider reported that the global bio-based leather market size was valued at $725 million in 2022 and is projected to reach $1.2 billion by 2030.

This growth translates to a compound annual growth rate (CAGR) of 6.5% over the forecast period (2024-2031). 

“The market’s expansion is fuelled by a confluence of factors, including rising environmental consciousness, stricter regulations on traditional leather production, and advancements in bio-based leather technology,” SNS Insider said.

“The bio-based leather market is experiencing significant growth, driven by a surge in consumer demand for sustainable and eco-friendly alternatives to traditional leather. Concerns regarding the environmental impact of animal agriculture and the use of harsh chemicals in leather processing are prompting consumers to seek out more responsible options.”

More on the story.