Goat Leather Market Report

Market Insights

The Global Goat Leather Market is estimated to grow from USD xx million in 2020 to USD xx million by 2026 at a healthy CAGR of 9.2% during the forecast period.

Figure: Global Goat Leather Market Size, 2020-2026 (USD Million)

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What is Goat leather?

Goat leather which is conventionally called Morocco leather is known for its lightweight, softness, and strength. It is one of the most resilient leathers, as the leather is primarily composed of a very dense weave of fibers of small diameter spread by numerous elastic fibers. This structure of the leather gives the hide a distinctive tight grainy texture with ridges, which resembles pebbles. The natural properties of goat leather mean that it is very soft and supple and is resistant to water. This is mainly because of lanolin, a waxy grease produced by the goat’s skin.

Key Players

Key players operating in the global goat leather market are-

• Haining Fusheng Fur Leather (China),
• Huzhou Dhatr (China),
• Zhejiang Jinxin (China),
• Xinxiang Heitian Mingliang (China),
• Henan Prosper Skins and Leather (China),
• Hebei Maidemu (China),
• Hebei Top Fur Co., Ltd. (China),
• Dongguan Yuhua Leather Co., Ltd. (China),
• Kenya Premium Exports Limited (Kenya), and
• AXA LEATHER GROUP (India).

Market Dynamics

Goat leather is one of the high-end materials.

• Growing construction activities and increasing home renovation in the developed and developing countries across the globe drives the demand for home furniture, thus propels the product demand.
• Also, rising disposable income and improving the standard of people spurs the demand for expensive cars such as SUVs and sedans which are equipped with goat leather seats, further bolstering the product consumption.
• Further, the growing demand for goat leather shoes is likely to propel the industry's expansion. However, as goat leather is highly expensive in nature, it caters only to high-net-worth individuals, thus affecting the market growth.

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Market Segmentation

Application Trends

Based on application, the global goat leather market is classified into furniture, car seats, leather shoes, and others.

The leather shoe segment dominated the market in 2020. Growing purchasing power, strong economic growth in the emerging countries, and the rising trend of leather shoes for their aesthetic appeal are factors driving the application segment growth. Also, the rising athleisure trend of adopting athletic shoes in daily lifestyle is further expected to spur the segment growth.

Regional Trends

By region, Asia Pacific witnessed the largest market share in 2020 and is likely to register the highest CAGR in the following years.

Increasing standards of living, per capita income, increasing construction activities, and strong car sales in the region are the factors augmenting the demand for goat leather. China, India, and South Korea among others are the key contributors in the region. Also, presence of poor animal welfare regulations in this region boosts the goat rearing for leather in countries like China and India.

COVID-19 Impact on Global Goat Leather Market

The goat leather industry has been immensely affected by the outbreak of COVID-19.

The key end-use applications of goat leather are footwear and furniture. As most of the work and schooling was shifted from office and schools to remote facilities from home, there was a decline in demand for leather shoes. Also, postponed and delayed construction activities led to less adoption of leather furniture, which further affected the goat leather industry. Moreover, the car sales declined drastically during the pandemic, thus affected the sales of goat leather in automotive sector.

Critical Questions Answered in the Report

• What are the key trends in the global goat leather market?
• How the market (and its various sub-segments) has grown in the last five years and what would be the growth rate in next five years?
• What is the impact of COVID-19 on global goat leather market?
• What are the key strategies adopted by the major vendors to lead in the global goat leather market?
• What is the market share of the top vendors?

Target Audience

Here is the list of the group of customers that the Goat Leather market hopes to have the greatest opportunity to convert-

• Goat leather vendors
• Goat leather retailers
• Leather shoes companies
• Leather tanning companies
• Upholster furniture companies
• Car manufacturing companies

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