Overview and Scope
A skin or hide refers to an animal’s skin that has been dried or tanned for use by humans. Skin is the outer covering of tiny animals like deer and goats, whereas hide is the outer covering of large animals from the bovine group or any other large mammals. It is used to create a variety of goods, including garments, cooking equipment, storage containers, and many others.
Sizing and Forecast
The skin and hide market size has grown strongly in recent years. It will grow from $129.14 billion in 2023 to $137.71 billion in 2024 at a compound annual growth rate (CAGR) of 6.6%. The growth in the historic period can be attributed to fashion and apparel industry, footwear manufacturing, automotive upholstery, furniture production, consumer preferences..
The skin and hide market size is expected to see strong growth in the next few years. It will grow to $174.69 billion in 2028 at a compound annual growth rate (CAGR) of 6.1%. The growth in the forecast period can be attributed to sustainable fashion trends, automotive interior design, luxury goods market, innovations in leather products, regulatory compliance.. Major trends in the forecast period include innovations in tanning processes, customization and personalization, circular economy initiatives, alternative leather solutions, digital technologies in marketing..
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Segmentation & Regional Insights
The skin and hide market covered in this report is segmented –
1) By Products: Cattle Hides, Buffalo Hides, Horse Hides
2) By Type: Natural, Artificial
3) By Application: Household, Commercial
Asia-Pacific was the largest region in the skin and hide market in 2023. The regions covered in the skin and hide market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa
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Major Driver Impacting Market Growth
The increasing demand for leather is expected to boost the growth of the skin and hide market going forward. Leather refers to a product derived from animal skin that is used to create a variety of products, including footwear, purses, and furniture covers. Animal hides or skins are chemically treated to create leather, a process known as tanning. The hides are preserved through this procedure, after which they can be utilized to make shoes, clothing, and upholstered furniture, among other things, hence, the increasing demand for leather is expected to boost the skin and hide market. For instance, in August 2022, according to a report published by World Footwear, a Portugal-based provider of information, news, events, and statistics on the footwear sector worldwide, the sales of the Leather Products and Saddlery business of Hermès International, a France-based luxury goods company, increased by 16% in the first quarter of 2022 compared to the same period in 2021, due to expanded manufacturing capacity and consistent demand. Therefore, the increasing demand for leather is driving the growth of the skin and hide market.
Key Industry Players
Major companies operating in the skin and hide market report are Norilia Nordic AS, Sanimax Corporation, Texpac Hide & Skin Ltd., AI Bravo Leather Industries, J & E Sedgwick & Co. Ltd., OZ-YUKSEL Leather Company, JBS Couros S.A., Koktaslar Leather, Siddiq Leather Works Pvt. Ltd., Gruppo Mastrotto SpA, Leather Working Group, Horween Leather Co., Baker Commodities Inc., The Hide & Leather House Inc., Maverick Leather Company, PrimeAsia Leather Corporation, Scottish Leather Group Limited, Couro Azul S.A., Couroart Indústria e Comércio de Couros Ltda., Dani Leather, Eagle Ottawa LLC, GST AutoLeather Inc., Elmo Leather AB, Garrett Leather, Shoe Repair And Leather Goods, Nugget Co., Darling International Inc., Exeter Machine Co., Bandera USA, Spinneybeck Enterprises Inc. .
The skin and hide market report table of contents includes:
1. Executive Summary
2. Skin And Hide Market Characteristics
3. Skin And Hide Market Trends And Strategies
4. Skin And Hide Market – Macro Economic Scenario
5. Global Skin And Hide Market Size and Growth
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31. Global Skin And Hide Market Competitive Benchmarking
32. Global Skin And Hide Market Competitive Dashboard
33. Key Mergers And Acquisitions In The Skin And Hide Market
34. Skin And Hide Market Future Outlook and Potential Analysis
35. Appendix
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