Apr 11, 2022/IndustryNewsGlobal/ The unexpected shifts in the global markets because of the sudden outbreak of the COVID-19 virus have brought many major and minor tremors to industries of all sizes including the Goat Leather Market.

It was estimated prior to this unanticipated outbreak that the 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.

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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.

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Market Segmentation

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.

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.

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).

Features of the Report

This report offers high-quality insights and is the outcome of detailed research methodology comprising extensive secondary research, rigorous primary interviews with industry stakeholders and validation and triangulation with Stratview Research’s internal database and statistical tools.

The Goat Leather analysis report discusses the following heads in great detail:

  • Market structure: Overview, industry life cycle analysis, supply chain analysis
  • COVID-19 Impact Assessment
  • Market environment analysis: Growth drivers and constraints, Porter’s five forces analysis, SWOT analysis
  • Market trend and forecast analysis
  • Market segment trend and forecast
  • Competitive landscape and dynamics: Market share, product portfolio, product launches, etc.
  • Attractive market segments and associated growth opportunities
  • Emerging trends
  • Strategic growth opportunities for the existing and new players
  • Key success factors

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