PUBLISHER: SPER Market Research Pvt. Ltd. | PRODUCT CODE: 1895756
PUBLISHER: SPER Market Research Pvt. Ltd. | PRODUCT CODE: 1895756
Raw Hides and Skins Market Introduction and Overview
According to SPER Market Research, the Global Raw Hides and Skins Market is estimated to reach USD 187.24 billion by 2034 with a CAGR of 6.83%.
The report includes an in-depth analysis of the Global Raw Hides and Skins Market, including market size and trends, product mix, Applications, and supplier analysis. The global Raw Hides and Skins market was valued at USD 96.71 billion in 2024, and it is expected to rise at a 6.83% CAGR from 2025 to 2034. Rising demand from the leather industry is the primary driver, as raw hides and skins are essential for producing leather goods, including footwear, garments, upholstery, and accessories. Growing automotive and furniture industries contribute to increased consumption of leather for car interiors and furniture upholstery. Expansion of the fashion and luxury goods sector fuels the demand for high-quality leather, directly impacting the market for raw hides and skins. Additionally, increasing livestock production provides a steady supply of raw materials. Rising exports and international trade in leather products, along with technological advancements in tanning and processing, further support market growth globally.
Raw Hides and Skins Market
By Product Insights:
The market is segmented based on product types such as cowhide, buffalo hide, goat and sheep skins, and others. Cowhide dominates due to its durability, larger size, and wide application in leather goods, footwear, and upholstery. Buffalo hides are preferred for heavy-duty leather products because of their toughness and thickness. Goat and sheep skins are valued for their softness and flexibility, making them suitable for garments and gloves. The choice of product type is influenced by end-use requirements, quality standards, and regional livestock availability.
By Application Insights:
In 2024, the clothing application sector led the market. The global market for raw hides and skins is significantly influenced by the clothing segment, owing to the substantial demand for raw materials required in leather apparel. The clothing industry thrives on the prevalent use of leather jackets, trousers, skirts, and various accessories that enhance and embody the principles of modern fashion, luxury, and aesthetics. With the expansion of upper and middle-class markets, there is a noticeable rise in the incorporation of leather within fashion collections by contemporary brands, which further bolsters the fashion industry's demand for raw hides and skins.
Regional Insights:
Asia-Pacific dominates due to large livestock populations, high leather manufacturing capacity, and significant exports to global markets. Countries like India, China, and Bangladesh are major suppliers of raw hides and skins. Europe and North America are key consumers, driven by the demand for high-quality leather in fashion, luxury goods, and automotive industries.
Market Competitive Landscape:
The raw hides and skins market is highly competitive, featuring a mix of global leaders and regional specialists. Competition is driven by factors such as traceable sourcing practices, grading accuracy, and the ability to meet stringent quality standards. Global players leverage large-scale, integrated supply networks to ensure consistent supply and quality, while regional firms focus on agility, cost competitiveness, and strong trade relationships to maintain market share. Differentiation also arises from specialization in luxury, industrial, or export-oriented applications. Overall, the market's competitive landscape is shaped by the balance between global operational scale, regional expertise, and the capacity to deliver high-quality, reliable raw hides and skins to diverse leather manufacturing segments.
Recent Developments:
In November 2024, the Ministry of Industry and Trade in Vietnam announced plans to open a centre in 2025 to produce, store, and exchange raw materials for the leather, footwear, and textile sectors. The project aims to improve supply chain management, comply with free trade agreement rules of origin, and reduce dependency on imports. This privately sponsored centre will also assist domestic enterprises with technology upgrades, quality control, and traceability.
In September 2024, India expanded its Production-Linked Incentive (PLI) scheme to cover the toys, leather, and footwear sectors, aiming to strengthen domestic manufacturing, attract investment, and reduce reliance on imports. The initiative focuses on labour-intensive industries, promoting job creation while boosting export potential. The leather and footwear industries, already significant to India's economy, are expected to gain from enhanced infrastructure, technological innovation, and supportive policies under this expanded scheme.
Scope of the report:
Report Metric Details
Market size available for years 2021-2034
Base year considered 2024
Forecast period 2025-2034
Segments covered By Product, By Type, By Technology, By Application
Regions covered North America, Latin America, Asia-Pacific, Europe, and Middle East & Africa
Companies Covered AJHollander Enterprises Inc, Allanasons Pvt Ltd, AI Bravo Leather Industries, BAHIRDAR Tannery, Merpiel, Norilia Nordic AS, Naugra, Rose International, Sanimax Corporation, Stan India, Texpac Hide & Skin Ltd, J & E Sedgwick & Co. Ltd.
Key Topics Covered in the Report:
Global Raw Hides and Skins Market Size (FY 2021-FY 2034)
Overview of Global Raw Hides and Skins Market
Segmentation of Global Raw Hides and Skins Market by Product (Cattle hides, Buffalo hides, Horse hides, Others)
Segmentation of Global Raw Hides and Skins Market by Type (Natural, Synthetic)
Segmentation of Global Raw Hides and Skins Market by Technology (Machine pulled, Hand-flayed)
Segmentation of Global Raw Hides and Skins Market by Application (Clothing, Footwear, Upholstery, Others)
Statistical Snap of Global Raw Hides and Skins Market
Expansion Analysis of Global Raw Hides and Skins Market
Problems and Obstacles in Global Raw Hides and Skins Market
Competitive Landscape in the Global Raw Hides and Skins Market
Details on Current Investment in Global Raw Hides and Skins Market
Competitive Analysis of Global Raw Hides and Skins Market
Prominent Players in the Global Raw Hides and Skins Market
SWOT Analysis of Global Raw Hides and Skins Market
Global Raw Hides and Skins Market Future Outlook and Projections (FY 2025-FY 2034)
Recommendations from Analyst