Top 10 Companies in the Plant-Based Leather Industry (2025): Market Leaders Powering Sustainable Fashion

In Business Insights
June 04, 2025








The global plant-based leather market was valued at USD 674 million in 2023 and is projected to reach USD 1.03 billion by 2030, growing at a compound annual growth rate (CAGR) of 6.20% from 2024 to 2030. This growth is driven by increasing environmental awareness, rising demand for sustainable materials, and the fashion industry’s shift toward eco-friendly alternatives to traditional leather.

As sustainability becomes a key focus across industries, plant-based leather is rapidly gaining popularity as a viable alternative to animal leather. In this blog, we profile the top 10 companies leading the plant-based leather revolution – a mix of innovative startups and established players shaping the future of sustainable materials.


1. Toray Industries

Headquarters: Tokyo, Japan
Key Offering: Synthetic and plant-based leather alternatives

Toray Industries is a global leader in synthetic materials, now expanding into plant-based leather alternatives. The company is developing innovative materials that combine plant-based components with advanced synthetic fibers to create durable, sustainable leather alternatives.

Sustainability Initiatives:

  • Developing plant-based polyurethane leather alternatives
  • Investing in bio-based materials research
  • Reducing carbon footprint in production processes

Download FREE Sample Report: Plant-Based Leather Market – View in Detailed Research Report


2. Bolt Threads

Headquarters: Emeryville, California, USA
Key Offering: Mylo mushroom leather

Bolt Threads is a pioneer in biomaterials, best known for its Mylo mushroom-based leather alternative. The company has partnered with major fashion brands to bring mushroom leather to the mainstream fashion market.

Sustainability Initiatives:

  • Mycelium-based leather production
  • Closed-loop production system
  • Partnerships with major fashion brands

3. Ananas Anam

Headquarters: London, UK
Key Offering: Piñatex pineapple leather

Ananas Anam created Piñatex, a leather alternative made from pineapple leaf fibers. The company works with pineapple farmers to create sustainable materials while providing additional income for farming communities.

Sustainability Initiatives:

  • Utilizing agricultural waste (pineapple leaves)
  • Supporting farming communities
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4. Modern Meadow

Headquarters: New Jersey, USA
Key Offering: Biofabricated leather

Modern Meadow uses biofabrication to create leather-like materials without animals. The company’s technology allows for customization of material properties at the molecular level.

Sustainability Initiatives:

  • Animal-free production process
  • Reduced water and chemical usage
  • Customizable material properties

5. Natural Fiber Welding

Headquarters: Illinois, USA
Key Offering: Mirum plant-based leather

Natural Fiber Welding has developed Mirum, a plastic-free plant-based leather alternative made from natural materials like cork, coconut fiber, and natural rubber.

Sustainability Initiatives:

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  • 100% plastic-free materials
  • Compostable at end of life
  • Uses agricultural byproducts

6. Ultrafabrics

Headquarters: New York, USA
Key Offering: Plant-based synthetic leather

Ultrafabrics specializes in high-performance synthetic leathers with a new line of plant-based alternatives for automotive and furniture applications.

Sustainability Initiatives:

  • Reduced carbon footprint materials
  • Recyclable materials
  • Reduced chemical usage

7. MycoWorks

Headquarters: California, USA
Key Offering: Reishi mushroom leather

MycoWorks grows mycelium into durable, high-performance materials that can be processed into leather alternatives with properties similar to animal leather.

Sustainability Initiatives:

  • Carbon-negative production
  • Customizable material properties
  • Compostable materials

8. ECCO Leather

Headquarters: Denmark
Key Offering: Plant-tanned leather alternatives

ECCO Leather is developing sustainable leather alternatives using plant-based tanning processes and sustainable materials.

Sustainability Initiatives:

  • Plant-based tanning processes
  • Reduced water usage
  • Closed-loop water systems

9. VEGEA

Headquarters: Italy
Key Offering: Grape leather

VEGEA creates leather alternatives using grape marc, a waste product from wine production, combined with vegetable oils and natural fibers.

Sustainability Initiatives:

  • Utilizes wine industry waste
  • Water-based production process
  • Reduced chemical usage

10. Fruitleather Rotterdam

Headquarters: Netherlands
Key Offering: Fruit leather

Fruitleather Rotterdam transforms discarded fruits into durable leather-like materials, addressing food waste while creating sustainable materials.

Sustainability Initiatives:

  • Utilizes food waste
  • Minimal processing
  • Local production

Market Outlook

The plant-based leather market is experiencing rapid growth as consumers and industries seek sustainable alternatives to traditional leather. Key trends shaping the market include:

  • Increasing adoption in fashion, automotive, and furniture industries
  • Technological advancements in material science
  • Growing consumer awareness of sustainability
  • Regulatory support for sustainable materials

Read Full Report: Plant-Based Leather Market – View in Detailed Research Report

The companies listed above are at the forefront of the plant-based leather revolution, driving innovation and sustainability in the materials industry.