The fast adoption of vegan leather across several industries seems to create profound market changes.
According to Grand View Research, by the end of 2025, there will be a global market of ‘vegan leather’ worth approximately 100 billion USD.
Constant material innovations in leather alternatives have led to this market catering to cruelty-free and eco-friendly consumers.
Vegan Alternatives in Auto Industry
Made from organic raw materials such as discarded pineapple leaf fibers, apple skin, orange peels, and mushrooms, ‘vegan leather’ is a general term that describes leather-mimicking materials.
According to the study, the bulk growth of the vegan leather market will be driven by auto manufacturers.
The next major contributors to the accelerated growth of the vegan leather market are the footwear, accessories, and furniture industries.
Vegan Leather Furniture
Iconic luxury furniture makers, such as Bentley, Fendi, and Brabbu, are adapting to the growing consumer demand for cruelty-free products.
It works by replacing animal leather elements with vegan leather alternatives on both classic and new products.
“The number of inquiries asking for classic furniture creations and styles – without animal leather – astounds us. For that, we want to end the use of animal-based products, be that leather, glues, or foam,”
said Alfredo Alvares, sales director at Thomas Blakemore.
Vegan Leather in Fashion
The study also shows that by 2025 the vegan leather footwear market will make up to 73 percent of all shoes.
The study concludes by pointing out to the emergence of a global vegan leather market, poised to take over several industries over the next five years.
