Fish Leather Market: Insights by Application (Clothing,
The fish leather market is expected to observe an upward growth path due to the increasing demand for leather and fashionable leather products. Fish skin leather is a by-product of the seafood industry with recycling and environmental properties. The material, due to its superior durability and wear resistance, finds application in clothing, shoes, wallets and many other products. Leather is one of the most traded commodities on international markets.
The leather products industry plays a crucial role in the global economy, with an estimated value of around $ 100 billion per year. According to statistics released by the Food and Agriculture Organization of the United Nations (FAO), currently, fish leather represents less than 1% of total world leather sales. Today, people prefer exotic leathers because of their aesthetic appeal, unique natural patterns, and hard-wearing properties.
The use of different types of exotic leathers from various animal sources has increased the demand for fish leather. Population growth and increased purchasing power have resulted in increased consumption of fish, which further drives market growth. Leather products and raw materials are increasingly available in developing countries.
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Growing environmental awareness to encourage companies to adopt fish skin for leather products
At present, the fashion industry is going through a major shift in its sustainability standards, aimed at having a cleaner sector. Fish leather is a niche product in the fashion industry and is currently in its infancy. The use of fish skins for leather manufacturing has very minimal impact on the environment as the process is natural, biodegradable and renewable. Consumers, especially millennials, demand products made from fish skin because of its eco-friendly nature.
The leather is tanned using environmentally friendly substances made from tree bark, making the process chemical-free. The product has many advantages, such as being tear resistant and nine times stronger than other leather hides. In addition, fish leather is obtained from non-endangered species, such as salmon, carp, sea bass, Nile perch, unlike crocodile and snake skins. Besides air pollution, fish leather also reduces water pollution, as most fish canneries dispose of fish skins in water bodies, eventually polluting the water.
Increased emphasis on aesthetics and increased purchasing power to propel demand for fish leather products
Today, there is a significant increase in the labor force, resulting in a huge increase in levels of disposable income. In addition to this, the high exposure to social media and the rate of engagement of the population on the internet positively influences the demand for fish leather products. The influence of social media and the increased emphasis on aesthetics are driving the demand for leather products. Fashion brands largely influence customers through social media ads and fashion blogs. Higher internet penetration rates, especially in developing regions, have boosted demand for luxury leather products.
Online retailing plays an important role in determining the growth rate of fish skin in the years to come. A considerable portion of the revenue is generated through online retailing and partnering with popular online retailers. Companies looking for high profits and high revenue are channeling their efforts and focusing on improving their digital presence. In addition, consumers are now opting for online shopping, due to the ease of purchase and the offers offered by e-commerce players. In addition, the one-day delivery options and easy product returns have created a platform for the growth of the fish leather products market.
In recent years, fish leather has gained traction with consumers and fashion brands. There is an increasing trend in the use of fish skin leather as an alternative in the production of various leather products. In addition, young designers around the world are expanding their product line and collections by adopting fish leather. Due to the distinctive patterns of the scale, designers can explore the uniqueness of several fashion products.
Most international designers prefer fish leather for its rarity and multi-colored complexion which is useful for designing bags and shoes. Popular brands such as Louis Vuitton, Prada and Dior are incorporating fish leather into their work and embracing fish leather as a sustainable alternative to classic leather. The innovation of washable salmon leather opens up new growth avenues for the fish leather market in the near future.
Fish leather market: segmentation
High consumption and production of salmon species to drive growth of the salmon segment
The salmon fish segment holds the highest market share. Fish skin, especially larger fish, provides leather that can be used in the manufacture of shoes, handbags, clothing, belts, footwear, and many other products. The most common species used for leather production are salmon, shark and perch. The increasing demand and consumption of salmon, especially in developed regions, contributes to the easy availability of raw materials. Salmon skin leather is the most popular product in the fish leather industry, due to its smooth and refined texture.
Most designers prefer salmon skin because it is available in a wide range of colors and can even be produced in white color. Leather producers source salmon skins from farms. Salmon is a fish eaten regularly, which means that a massive amount of skin is available for making leather. Due to the wide availability of salmon skin, new tanneries are developed and established in countries such as India, China, Vietnam and Indonesia.
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Europe: largest consumer of fish leather on the world market
The European region dominates the fish leather market during the forecast period. The presence of the elite target audience of major luxury fashion brands and the higher purchasing power facilitated the demand for fish leather products. The change in lifestyle and the increased expenditure on fashionable products are expected to increase the demand for fish skin. In addition, the presence of the biggest fashion brands in European countries and the increasing applications of fish leather in fashion products are stimulating the product market. The actors source large quantities of fish leathers for their new collections and shows.
The increased collaborations and partnerships between fashion brands and leather producers present many business opportunities in Europe. Iceland and Italy are the pioneers of the European region, strongly supported by the presence of leading players and the strong fashion industry in the countries. Many small local fashion brands are drawn to fish leather for its unique benefits and characteristics.
The supply of premium leather has become expensive and scarce. Most luxury fashion brand owners find alternatives and demand fish leather because it is cheaper than its counterparts. In addition, the availability of advanced technologies for manufacturing processes strengthens the regional fish leather market.
Large-scale fishing activities in Asia-Pacific to boost the fish leather market
Asia-Pacific presents lucrative growth opportunities for fish leather market players during the forecast period. China, Japan and India are the main countries driving the demand for fish leather. Usually, tanneries in the developing world have been hampered by shortages in the supply of raw materials, hides and skins. The emergence and growing demand for fish leather globally has changed the leather production industry in the region. Large-scale fishing activities in some countries have dramatically increased the availability of raw materials.
China has the fastest growth rate in the fish leather market, due to changing demographics and growing middle class population. The country’s booming economy and population have further increased the demand for leather products. The rise of influencers in China and India has contributed to an increase in demand for luxury leather products, especially among growing Chinese millennials. Social media is another factor fueling the demand for fish skin. As there is growth in the personal luxury goods market in China, upward growth is expected in the regional fish leather market.
Limited liability company
Salmo Leather GmbH
Proxima Universal sro
Fish leather market: segmentation
By fish species
The Middle East and Africa
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