Bio-Based Leather Market growing at a CAGR of 13.5%, Size, Share, Opportunities
Definition
Bio-based leather refers to materials derived from renewable biological sources that mimic the properties and aesthetics of traditional leather. This innovative material often uses natural fibers, plant-based polymers, or even waste by-products from the food industry to create a sustainable alternative to conventional animal leather. The growing awareness of environmental issues and the demand for ethical fashion have propelled the bio-based leather market into the spotlight.
As per Intent Market Research, the Bio-Based Leather Market was valued at USD 109 million in 2023-e and will surpass USD 266 million by 2030; growing at a CAGR of 13.5% during 2024 - 2030.
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