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| Vegan Fashion Market |
The Global Vegan Fashion Market Is Estimated To Be Valued At US$ 518.12 Bn In 2023 And Is Expected To Exhibit A CAGR Of 7.1% Over The Forecast Period 2023 To 2030, As Highlighted In A New Report Published By Coherent Market Insights.
Market Overview:
Vegan Fashion Products Are Manufactured Without Using Any Animal-Based
Materials, Such As Leather, Wool, Cashmere, And Silk. Vegan Fashion Includes Shoes,
Clothing, And Accessories Made From Plant-Based, Synthetic, Or Recycled
Materials. The Increasing Demand For Eco-Friendly And Cruelty-Free Fashion
Products Is Driving The Growth Of The Vegan Fashion Market.
Market Key Trends:
One Of The Key Trends In The Vegan Fashion Market Is The Growing Popularity Of
Vegan Leather. Vegan Leather Is Manufactured Using Plant-Based Materials Such
As Pineapple Leaves, Cork, And Mushrooms. It Offers The Look And Feel Of Real
Leather Without Harming Animals. Vegan Leather Is Sustainable, Durable, And
Affordable. Some Of The Widely Used Plant-Based Materials For Vegan Leather
Include Pineapple Leaves, Cork, And Mushroom Roots. The Growing Environmental
And Ethical Concerns Along With Innovation In Vegan Materials Are Expected To
Drive The Demand For Vegan Leather, Fueling The Growth Of The Overall Vegan
Fashion Market Over The Forecast Period.
Segment Analysis
The Vegan Fashion Market Is Segmented Into Leather Alternatives, Non-Leather
Alternatives, Wool Alternatives, Silk Alternatives, And Cotton. The Leather
Alternatives Segment Dominates The Market And Is Estimated To Maintain Its
Dominance During The Forecast Period. This Is Because Leather Alternatives
Closely Mimic The Look And Feel Of Real Leather Without Harming Animals. Major Products
Under This Segment Include Mushroom And Pineapple Leather, Cork, And Recycled
Polyester.
Key Takeaways
The Global Vegan Fashion Market Is Expected To Witness High Growth, Exhibiting
A CAGR Of 7.1% Over The Forecast Period, Due To Increasing Awareness About
Animal Welfare And Environment Protection.
Regional Analysis
Europe Dominates The Global Vegan
Fashion Market Growth And Is
Estimated To Continue Its Dominance During The Forecast Period. This Is
Attributed To Strict Animal Welfare Laws And The Presence Of Major Vegan
Fashion Brands In Countries Like Germany And UK. Asia Pacific Is Projected To
Be The Fastest Growing Regional Market Due To Rising Vegan Population In India And
China.
Key Players
Key Players Operating In The Vegan Fashion Market Are SUSI Studio, Insecta
Shoes Canada Inc. ROMBAUT, In The Soulshine, Della La LLC, Reformation, Alabama
Chanin, Wawwa, Doshi FCSA, Hiareth Collective, Komodo Fashion, Brave Gentle Man,
ECOALF, Rapanui, And Tact & Stone. SUSI Studio And Reformation Have Emerged
As The Global Leaders In Vegan Fashion Due To Their Innovative Product
Portfolio And Rapid Expansion Strategies.
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