Story perspectives
Vegan Leather Funding Tops $1 Billion, Real Leather Still Dominates
By Drooid · · How we work
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Story summary
- Investors have poured over $1 billion into vegan leather firms, yet alternatives stay niche.
- Global raw hide production rose from 10.5 million tonnes in 2005 to 13.8 million tonnes in 2024.
- Mylo, Piñatex and Mirum stopped production, and MycoWorks’ Reishi narrowly avoided insolvency last year.
- Experts say new fungal and plant-based leathers add variety but have not slowed real-leather demand.