Bio-based leather is a mixture of polyester polyols produced from bio-based succinic acid and 1,3 propanediol, and the bio-based leather fabric has 70 per cent renewable content, delivering improved performance and safety for the environment. According to BlueQuark Research & Consulting, the global Bio-based leather Market is expected to grow significantly during the forecasted period. Factors such as greater awareness regarding cruelty-free and sustainable products and the introduction of sustainable footwear options by industry players are expected to drive the need for the Bio-based leather market in the forecasted period. Further, Technological advancements, more significant investment in research and development, and increasing application in the automotive industry are expected to drive the need for the Bio based leather market in the forecasted period. However, the lack of raw materials, skilled workers, and production disruptions in the manufacturing process, hampered by industry lockdowns and a social isolation requirement, have impeded bio-based leather production.

Bio-based leather is used in various end-uses such as automotive, footwear, furniture, garments & accessories.

The increased awareness of adopting sustainable products among a significant portion of the population will be a critical growth factor for the bio-based leather market. The bio-based leather market is predicted to increase significantly due to the growing demand for cruelty-free leather. Additionally, their increased usage across a variety of applications, including footwear, furniture, vehicle door panels, dashboards, rear self, seat coverings, headrests, steering covers, clothes, sports, bags, wallets, gadgets, and more has been substantial development in the manufacturing sector, which further increases the overall growth for the market. Due to their eco-friendly and green attributes, bio-based materials are still in their infancy, but research and development efforts are being made to increase their utilization significantly.

During the projection period, considerable growth in products made from biomaterials is anticipated. Additionally, bio-based materials are still in the development stage, but due to their renewable properties, research and development are being done to expand their applications considerably. Bio-based leathers are gaining considerable momentum in the footwear industry. Many footwear companies blend polymer resins with bio-based leather to manufacture durable footwear. Footwear companies are carrying out research to develop 100% biodegradable products. These factors will serve as growth accelerators for the bio-based leather market. Further, plant-based leathers have nearly 40 times less carbon impact than natural leather. This aspect will invite extensive growth for the bio-based leather market. These factors are predicted to propel the demand for bio-based leather in the footwear industry and drive market growth in the forecast period. The need for traditional leather is expanding due to increased urbanization, rising disposable income, and rising population, particularly in emerging markets. The demand for the market has grown globally due to rising consumer awareness, evolving lifestyles, and increasing utilization of numerous applications.

Asia Pacific is expected to grow significantly during the forecast period. North America leads the regional segment of the global bio-based leather market due to the high need, application development, and product innovation in the region's bio-based leather market. The rising demand for sustainable leather in the North American fashion industry, a global hub, is also considered a significant factor that provides considerable growth to the region's bio-based leather market. Europe follows North America in the regional fragment of the bio-based leather market, propelled by the need for footwear from the fashion and sports industries of the region. The renewability and comparable or even better performance are also reasons that drive the bio-based leather market in Europe for the footwear sector. Further, growing veganism, stringent environmental rules, and promoting of bio-based leather by several regulatory groups, including PETA, are critical factors driving the global market in both regions.

Traditional pre-tanning and tanning procedures release chemicals from salts to sulfides and acids into the land and water bodies. Furthermore, in addition to polluting the ground and other water sources, rearing the animals whose skin is finally turned into leather necessitates a large amount of water and pastureland cleared of trees. The respective factors seriously impact the environment and play a vital role in its destruction. In addition, chemicals such as arsenic utilized in leather tanning are carcinogenic and linked to lung cancer. However, the manufacturing of genuine leather has no adverse effects since natural fibres such as flax or cotton fibres blended with palm, corn, soybean, and other plants are being utilized to make bio-based leather. Similarly, pineapple leaves that are considered a waste product also find application in manufacturing bio-based leather used in shoes, handbags, and other high-market demand items. Collagen-based on yeast fermentation, mushrooms, byproducts from food industries, cactus, and other cell-based, mycelium-based, byproduct-based sources can produce bio-based leather. The bio-based leathers are environment friendly as they have no negative impact compared to artificial leather. Consequently, owing to this factor market is projected to have accelerated growth.

The market players are Toray Industries Inc ., Bolt Threads Inc ., Ananas Anam ltd, Modern Meadows, and Nat-2.

In March 2022, Polybion, a biotechnology startup based in Mexico, introduced a new vegan leather called Celium, derived from agro-industrial food waste. The bio-textile is sustainably sourced and developed as an alternative to a traditional product. The material can be used in sportswear, fashion, and automotive applications.

On January 13, 2022, MycoWorks, a manufacturer of fungal-based biomaterial that can replace animal and synthetic leather, raised $125 million in Series C funding to raise a production plant and scale up production of its flagship product Reishi. Series C includes new investors like SK Networks, Mirabaud Lifestyle Impact, Innovation Fund, and several other new and existing investors.

The Global Bio-based Leather Market report provides deep insight into the market's current and future state across various regions. The study comprehensively analyses the market by segmenting it based on By Source (Mushroom, Pineapple, Cork, Leftover Fruits, Others), Application (Footwear, Furnishing, Automotive, Clothing, Bags and Wallets, Sports, Electronics, Others), and geography (Asia-Pacific, North America, Europe, South America, and the Middle East and Africa). The report examines the market drivers and restraints and the impact of COVID-19 on market growth in detail. The research examines emerging market trends, developments, opportunities, and challenges in the industry. This report also covers extensively researched sections on the competitive landscape with prominent companies and profiles, including their market shares and projects.