Reliable Data You Can Trust
Reliable Data You Can Trust
A recent report published by
Infinium Global Research on the kombucha leather market provides an 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 the 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.
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.
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.
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.
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.
Please Choose One of them.