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Kombucha Leather Market (Application - Clothing, Bags & Wallets, Footwear, and Others; Distribution Channel - Offline Distribution, and Online Distribution): Global Industry Analysis, Trends, Size, Share and Forecasts to 2026

  • Published : January, 2021

  • Rep Id : CGP114

  • Category : Consumer Goods and Packaging

  • Status : Published

A recent report published by Infinium Global Research on the kombucha leather market provides in-depth analysis of segments and sub-segments in the global as well as regional kombucha leather market. The study also highlights the impact of drivers, restraints, and macro indicators on the global and regional kombucha leather market over the short term as well as long term. The report is a comprehensive presentation of trends, forecast and dollar values of global kombucha leather market. According to the report, the global kombucha leather market is projected to grow at a CAGR of 45.2% over the forecast period of 2020-2026.

 

Market Insight

The fashion industry is witnessing transformation as trends such as eco-friendly, veganism, and sustainable fashion are on the rise in the fashion industry. The fashion brands along with researchers are working on innovative materials and manufacturing processes that are in line with the trends. Several players in the fashion industry are developing eco-friendly and sustainable materials. Kombucha leather is one of such sustainable materials developed by the researchers to substitute leather and reduce its negative effect on the environment. Kombucha leather is a flexible biomaterial made out of a symbiotic culture of bacteria and yeast (SCOBY) in kombucha tea. The SCOBY from tea grows thicker with each brew as the microorganisms feed on the sugar, polyphenols, and other nutrients in the brewed kombucha tea. Kombucha leather has several advantages over traditional leather such as cost effectiveness, biodegradability, and versatility. These advantages have augmented the popularity of kombucha leather among fashion brands.

 

The spread of COVID-19 had a negative effect on the kombucha leather market by hampering the production, supply and demand of kombucha leather. As the COVID-19 pandemic spread throughout the globe, governments across several countries have declared stringent lockdowns, restricting people to visit outdoors including public places and workplaces. Due to the government restrictions, the kombucha market is falling short of workforce. Moreover, the lockdown by governments has also hampered the demand for kombucha leather. Several retailers selling products made of kombucha leather have been shut down due to the government restrictions. Furthermore, the COVID-19 pandemic has created uncertainty in the global economy, impacting the income of majority of the population. Thus, many consumers are spending less on luxury and non-essential products such as fashion. This, in turn, is expected to hinder the market growth over short term.

 

The growing awareness among the consumers regarding the negative effects of traditional leather on the environment and human health is the major driving factor driving the growth of the market. The production of traditional leather involves several chemicals, which are harmful to the environment as well as the health of workers. On the other hand, the manufacturing process of kombucha leather is more environmentally friendly. Moreover, kombucha leather is cheaper as compared to traditional leather owing to its simple manufacturing process. The production of kombucha leather requires less amount of chemicals as well as less time. This, in turn, augments the demand for kombucha leather from the end-users. However, kombucha leather has a lower quality as compared to traditional leather. The kombucha leather is weaker than the traditional leather and cannot withstand heavy stress. This is the major restraining factor for the growth of the kombucha leather market. Nevertheless, the ongoing R&D activities by the researchers and fashion brands are expected to propel the market growth over the forecast period.

 

Geographically, North America the highest revenue in the global kombucha leather market. The rising demand for natural ingredients together with the rising inclination of consumers towards vegan/vegetarian products are factors anticipated to support the growth of the North American kombucha leather market over the forecast period. Furthermore, the Asia Pacific region is expected to grow with the fastest CAGR in the kombucha leather market owing to rapid growth in markets such as China, India, and South Korea. China is the largest kombucha leather market in the Asia Pacific, owing to robust growth in the fashion industry in the country.

 

Segment Covered

The report on global kombucha leather market covers segments such as application, and distribution channel. On the basis of application, the sub-markets include clothing, bags & wallets, footwear, and others. On the basis of distribution channel, the sub-markets include offline distribution, and online distribution.

 

Companies Profiled:

The report provides profiles of the companies in the market such as BioCouture, Kombucha Biomaterials, Kombucha Couture, ScobyTec UG, Parsons Healthy Materials Lab, Les Cuirs de Kargasok, Scoby World, and Other Companies.

 

Report Highlights:

The report provides deep insights into the demand forecasts, market trends, and micro and macro indicators. In addition, this report provides insights into the factors that are driving and restraining the growth in this market. Moreover, The IGR-Growth Matrix analysis given in the report brings an insight into the investment areas that existing or new market players can consider. The report provides insights into the market using analytical tools such as Porter's five forces analysis and DRO analysis of kombucha leather market. Moreover, the study highlights current market trends and provides forecast from 2020-2026. We also have highlighted future trends in the market that will affect the demand during the forecast period. Moreover, the competitive analysis given in each regional market brings an insight into the market share of the leading players.


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