Cell-Cultured Leather Market Size & Forecast 2030

Cell-Cultured Leather Market Size and Forecasts (2020 - 2030), Global and Regional Share, Trends, and Growth Opportunity Analysis Report Coverage: By Application (Automotive, Footwear, Luggage and Bags, Apparel, and Others)

  • Report Code : TIPRE00030205
  • Category : Chemicals and Materials
  • Status : Published
  • No. of Pages : 43
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The cell-cultured leather market size was valued at US$ 4.05 million in 2022 and is expected to reach US$ 8.15 million by 2030; it is estimated to register a CAGR of 9.1% from 2022 to 2030.

Market Insights and Analyst View:

Cell-cultured leather is made from yeast cells, bio-based scaffolds, collagen, and bioreactors. The players in the cell-cultured leather market make cell-cultured leather by using their patented technology. Cell-cultured leather is used in applications such as automotive, footwear, luggage and bags, apparel, and others. The rising demand for sustainable and cruelty-free leather mainly drives the market for cell-cultured leather. Moreover, beneficial properties such as durability, strength, and less environmental footprints are other factors driving the cell-cultured leather market growth. Further, many companies and brands are moving away from synthetic materials to make their leather fully compostable and biodegradable. With this, the demand for cell-cultured leather is increasing and is expected to grow further in the coming years. Furthermore, North America and Europe are major regions for the cell-cultured leather market. The demand for cell-cultured leather in these regions is driven by rising awareness about the traditional leather manufacturing process and the rising consumer demand for sustainable products.

Growth Drivers and Challenges:

Over the recent years, a lot of concern has been raised about the animal cruelty factors and the environmentally harmful effects associated with leather tanning and production. Several livestock animals are slaughtered in order to obtain leather through conventional methods. Moreover, raising these animals requires a lot of resources in terms of land and water. Cattle rearing is responsible for a significant percentage of global greenhouse gas emissions every year. The tanning process is also highly polluting, in which animal skins and hides are treated to produce leather. Nearly 80–90% of leather is treated with chromium. Chromium is a toxic chemical that pollutes waterways if not disposed of properly. It can also harm the health of workers who use it. Thus, the rising ethical and environmental concerns about traditional leather manufacturing have propelled the need for alternatives, such as cell-cultured leather. Cell-cultured leather is a more sustainable alternative to current practices in the leather production process. Cell-cultured leather overcomes the need for animal slaughtering and also helps reduce carbon emissions associated with leather production. Cell-cultured leather production reduces some of the dangers and toxins involved in leather tanning. It is beneficial for the environment and workers in the leather industry. However, the availability of substitute products in the market hampers the cell-cultured leather market growth. The substitute products for cell-cultured leather are traditional leather, leather made from polyurethane, polyvinyl chloride, and bio-based materials. There are various advantages of traditional leather over other alternatives, such as it lasts for a long time. Also, unlike most man-made or synthetic materials, it gets better with age. Further, leather made from polyurethane and polyvinyl chloride is cost-effective. Bio-based leather is made from mushrooms, pineapple, apple, cactus, and tree bark; it is more environment-friendly and cruelty-free. The rise of veganism is making people demand leather produced from these bio-based materials. As cell-cultured leather is made from animal cells, it negates the possibility of claiming the label as vegan or animal-free.

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Cell-Cultured Leather Market: Strategic Insights

Cell-Cultured Leather Market

  • CAGR (2022 - 2030)
    9.1%
  • Market Size 2022
    US$ 4.05 Million
  • Market Size 2030
    US$ 8.15 Million

Market Dynamics

GROWTH DRIVERS
  • Rising Demand for Sustainable and Cruelty-Free Leather
FUTURE TRENDS
  • Focus of Footwear and Apparel Industries on Developing Sustainable Product
OPPORTUNITIES
  • Ongoing Research and Development Activities

Key Players

  • VitroLabs Inc
  • MODERN MEADOW
  • Qorium

Regional Overview

  • North America
  • Europe
  • Asia-Pacific
  • South and Central America
  • Middle East and Africa

Market Segmentation

Application
  • Automotive
  • Footwear
  • Luggage and Bags
  • Apparel
  • Others
  • Sample PDF showcases the content structure and the nature of the information with qualitative and quantitative analysis.

Report Segmentation and Scope:

The global cell-cultured leather market is segmented on the basis of application and geography. Based on application, the cell-cultured leather market is segmented into automotive, footwear, luggage and bags, apparel, and others. By geography, the cell-cultured leather market is segmented into North America, Europe, Asia Pacific, and Rest of the world.

Segmental Analysis:

Based on application, the cell-cultured leather market is segmented into automotive, footwear, luggage and bags, apparel, and others. The apparel segment held the largest share in the cell-cultured leather market and is expected to register significant growth over the studied period. In the apparel industry, jackets, coats, pants, shirts, etc. can be made from cell-cultured leather. Various companies in the apparel industry are focusing on developing sustainable fashion products, which entails using sustainable materials. Many brands are proactively designing sustainability into their strategy, and consumers are also highly demanding sustainable fashion products. Different initiatives by brands and companies further provide an opportunity for the cell-cultured leather market growth.

Regional Analysis:

Based on geography, the cell-cultured leather market is segmented into key regions—North America, Europe, Asia Pacific, and Rest of the World. The global cell-cultured leather market was dominated by North America, which accounted for over US$ 2 million in 2022. In North America, the rising demand for footwear, luggage, and bags, as well as clothing products, along with a growing focus on using sustainable products, is providing opportunities for the cell-cultured leather market growth. Europe is the second-largest contributor, which is expected to register a significant growth rate from 2022 to 2030. Europe is one of the major regions for the cell-cultured leather market. The rapid growth of demand for sustainable products in European countries such as France, the UK, Germany, and Italy offers a huge market growth potential for the cell-cultured leather market. Various luxury fashion brands such as Hermes and Balenciaga are championing leather alternatives, providing opportunities for the cell-cultured leather market growth.

Industry Developments and Future Opportunities:

Various initiatives taken by the key players operating in the cell-cultured leather market are listed below:

  • In 2022, VitroLabs Inc raised US$ 46 million to build and scale the world's first pilot production of cell-cultivated leather. The Series A funding is led by Agronomics; other investors include BESTSELLER's Invest FWD, global luxury group Kering, Khosla Ventures, actor and environmentalist Leonardo DiCaprio, New Agrarian, and Regeneration.VC. Moreover, Kering continues its partnership with VitroLabs Inc in bringing support for product quality testing, tanning, and finishing.
  • In 2021, Qorium raised € 2.6 million (US$ 2.75 million) to expand research and development to scale up its cell-cultured collagen-based leather technology.
  • In 2023, Modern Meadow raised Series D funding. The funding is led by Astanor Ventures, Horizons Ventures, and Key Partners Capital, which will support Modern Meadow to continue its innovation.

Cell-Cultured Leather Market Report Scope

Report Attribute Details
Market size in 2022 US$ 4.05 Million
Market Size by 2030 US$ 8.15 Million
Global CAGR (2022 - 2030) 9.1%
Historical Data 2020-2021
Forecast period 2023-2030
Segments Covered By Application
  • Automotive
  • Footwear
  • Luggage and Bags
  • Apparel
  • Others
Regions and Countries Covered North America
  • US
  • Canada
  • Mexico
Europe
  • UK
  • Germany
  • France
  • Russia
  • Italy
  • Rest of Europe
Asia-Pacific
  • China
  • India
  • Japan
  • Australia
  • Rest of Asia-Pacific
South and Central America
  • Brazil
  • Argentina
  • Rest of South and Central America
Middle East and Africa
  • South Africa
  • Saudi Arabia
  • UAE
  • Rest of Middle East and Africa
Market leaders and key company profiles
  • VitroLabs Inc
  • MODERN MEADOW
  • Qorium
    • Sample PDF showcases the content structure and the nature of the information with qualitative and quantitative analysis.

    COVID-19 Impact:

    Before the pandemic, the market for cell-cultured leather was mainly driven by the increasing demand for cruelty-free leather from various end-use sectors. The COVID-19 pandemic affected almost all industries in various countries. Lockdowns, travel restrictions, and business shutdowns in North America, Europe, Asia Pacific, and Rest of the World hampered the growth of several industries, including the chemical & materials industry. The shutdown of manufacturing units of companies disturbed global supply chains, manufacturing activities, and delivery schedules. Various companies witnessed delays in product deliveries and a slump in sales of their products in 2020. The pandemic introduced various economic challenges, which negatively impacted the cell-cultured leather market growth in different regions. Most of the industries, such as automotive, footwear, and apparel, were negatively impacted by the pandemic, decreasing the consumption of cell-cultured leather. The pandemic adversely impacted research and development activities as well as partnership and collaboration projects related to cell-cultured leather. The shutdown of automotive production due to the pandemic reduced the demand for different products, including leather.

    However, various industries revived their operations after supply constraints were resolved. Moreover, the rising demand for cell-cultured leather from automotive, footwear, and apparel industries is substantially promoting the cell-cultured leather market growth.

    Competitive Landscape and Key Companies:

    A few key players operating in the cell-cultured leather market are VitroLabs Inc, MODERN MEADOW, and Qorium. Players operating in the market focus on research and development activities to produce high-quality products to fulfill customer demand from various application industries.

    Report Coverage
    Report Coverage

    Revenue forecast, Company Analysis, Industry landscape, Growth factors, and Trends

    Segment Covered
    Segment Covered

    Application

    Regional Scope
    Regional Scope

    North America, Europe, Asia Pacific, Middle East & Africa, South & Central America

    Country Scope
    Country Scope

    This text is related
    to country scope.

    Frequently Asked Questions


    Can you list some of the major players operating in the global cell-cultured leather market?

    A few players operating in the global cell-cultured leather market include VitroLabs Inc, MODERN MEADOW, and Qorium.

    Which region held the largest share of the global cell-cultured leather market?

    In 2022, North America held the largest share of the global cell-cultured leather market. In North America, the rising demand for footwear, luggage, and bags, and clothing products, along with a growing focus on using sustainable products, are providing opportunities for the cell-cultured leather market growth.

    Based on application, which segment is leading the global cell-cultured leather market during the forecast period?

    The apparel segment held the largest share in the global cell-cultured leather market in 2022. In the apparel industry, jackets, coats, pants, shirts, etc., can be made from cell-cultured leather.

    What is the key factor influencing market growth?

    The projected growth of the market is attributed to the rising demand for sustainable and cruelty-free leather.

    Which region held the fastest CAGR in the global cell-cultured leather market?

    Europe is estimated to register the fastest CAGR in the global cell-cultured leather market from 2022 to 2030. The rapid growth of demand for sustainable products in European countries such as France, the UK, Germany, and Italy offers a huge market growth potential for the cell-cultured leather market.

    Based on application, which segment held the fastest CAGR in the global cell-cultured leather market?

    The footwear segment is estimated to register the fastest CAGR in the global cell-cultured leather market from 2022 to 2030. In the footwear industry, cell-cultured leather finds application in making boots, shoes, slippers, sneakers, sandals, loafers, and more products.

    The List of Companies - Cell-Cultured Leather Market 

    1. VitroLabs Inc
    2. MODERN MEADOW
    3. Qorium

    The Insight Partners performs research in 4 major stages: Data Collection & Secondary Research, Primary Research, Data Analysis and Data Triangulation & Final Review.

    1. Data Collection and Secondary Research:

    As a market research and consulting firm operating from a decade, we have published many reports and advised several clients across the globe. First step for any study will start with an assessment of currently available data and insights from existing reports. Further, historical and current market information is collected from Investor Presentations, Annual Reports, SEC Filings, etc., and other information related to company’s performance and market positioning are gathered from Paid Databases (Factiva, Hoovers, and Reuters) and various other publications available in public domain.

    Several associations trade associates, technical forums, institutes, societies and organizations are accessed to gain technical as well as market related insights through their publications such as research papers, blogs and press releases related to the studies are referred to get cues about the market. Further, white papers, journals, magazines, and other news articles published in the last 3 years are scrutinized and analyzed to understand the current market trends.

    1. Primary Research:

    The primarily interview analysis comprise of data obtained from industry participants interview and answers to survey questions gathered by in-house primary team.

    For primary research, interviews are conducted with industry experts/CEOs/Marketing Managers/Sales Managers/VPs/Subject Matter Experts from both demand and supply side to get a 360-degree view of the market. The primary team conducts several interviews based on the complexity of the markets to understand the various market trends and dynamics which makes research more credible and precise.

    A typical research interview fulfils the following functions:

    • Provides first-hand information on the market size, market trends, growth trends, competitive landscape, and outlook
    • Validates and strengthens in-house secondary research findings
    • Develops the analysis team’s expertise and market understanding

    Primary research involves email interactions and telephone interviews for each market, category, segment, and sub-segment across geographies. The participants who typically take part in such a process include, but are not limited to:

    • Industry participants: VPs, business development managers, market intelligence managers and national sales managers
    • Outside experts: Valuation experts, research analysts and key opinion leaders specializing in the electronics and semiconductor industry.

    Below is the breakup of our primary respondents by company, designation, and region:

    Research Methodology

    Once we receive the confirmation from primary research sources or primary respondents, we finalize the base year market estimation and forecast the data as per the macroeconomic and microeconomic factors assessed during data collection.

    1. Data Analysis:

    Once data is validated through both secondary as well as primary respondents, we finalize the market estimations by hypothesis formulation and factor analysis at regional and country level.

    • 3.1 Macro-Economic Factor Analysis:

    We analyse macroeconomic indicators such the gross domestic product (GDP), increase in the demand for goods and services across industries, technological advancement, regional economic growth, governmental policies, the influence of COVID-19, PEST analysis, and other aspects. This analysis aids in setting benchmarks for various nations/regions and approximating market splits. Additionally, the general trend of the aforementioned components aid in determining the market's development possibilities.

    • 3.2 Country Level Data:

    Various factors that are especially aligned to the country are taken into account to determine the market size for a certain area and country, including the presence of vendors, such as headquarters and offices, the country's GDP, demand patterns, and industry growth. To comprehend the market dynamics for the nation, a number of growth variables, inhibitors, application areas, and current market trends are researched. The aforementioned elements aid in determining the country's overall market's growth potential.

    • 3.3 Company Profile:

    The “Table of Contents” is formulated by listing and analyzing more than 25 - 30 companies operating in the market ecosystem across geographies. However, we profile only 10 companies as a standard practice in our syndicate reports. These 10 companies comprise leading, emerging, and regional players. Nonetheless, our analysis is not restricted to the 10 listed companies, we also analyze other companies present in the market to develop a holistic view and understand the prevailing trends. The “Company Profiles” section in the report covers key facts, business description, products & services, financial information, SWOT analysis, and key developments. The financial information presented is extracted from the annual reports and official documents of the publicly listed companies. Upon collecting the information for the sections of respective companies, we verify them via various primary sources and then compile the data in respective company profiles. The company level information helps us in deriving the base number as well as in forecasting the market size.

    • 3.4 Developing Base Number:

    Aggregation of sales statistics (2020-2022) and macro-economic factor, and other secondary and primary research insights are utilized to arrive at base number and related market shares for 2022. The data gaps are identified in this step and relevant market data is analyzed, collected from paid primary interviews or databases. On finalizing the base year market size, forecasts are developed on the basis of macro-economic, industry and market growth factors and company level analysis.

    1. Data Triangulation and Final Review:

    The market findings and base year market size calculations are validated from supply as well as demand side. Demand side validations are based on macro-economic factor analysis and benchmarks for respective regions and countries. In case of supply side validations, revenues of major companies are estimated (in case not available) based on industry benchmark, approximate number of employees, product portfolio, and primary interviews revenues are gathered. Further revenue from target product/service segment is assessed to avoid overshooting of market statistics. In case of heavy deviations between supply and demand side values, all thes steps are repeated to achieve synchronization.

    We follow an iterative model, wherein we share our research findings with Subject Matter Experts (SME’s) and Key Opinion Leaders (KOLs) until consensus view of the market is not formulated – this model negates any drastic deviation in the opinions of experts. Only validated and universally acceptable research findings are quoted in our reports.

    We have important check points that we use to validate our research findings – which we call – data triangulation, where we validate the information, we generate from secondary sources with primary interviews and then we re-validate with our internal data bases and Subject matter experts. This comprehensive model enables us to deliver high quality, reliable data in shortest possible time.

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