Brazil Leather Goods Market Size & Outlook, 2023-2030
Brazil leather goods market, 2018-2030 (US$M)
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Brazil leather goods market highlights
- The Brazil leather goods market generated a revenue of USD 5,471.8 million in 2023 and is expected to reach USD 7,967.0 million by 2030.
- The Brazil market is expected to grow at a CAGR of 5.5% from 2024 to 2030.
- In terms of segment, genuine leather was the largest revenue generating type in 2023.
- Vegan Leather is the most lucrative type segment registering the fastest growth during the forecast period.
Leather goods market data book summary
| Market revenue in 2023 | USD 5,471.8 million |
| Market revenue in 2030 | USD 7,967.0 million |
| Growth rate | 5.5% (CAGR from 2023 to 2030) |
| Largest segment | Genuine leather |
| Fastest growing segment | Vegan Leather |
| Historical data | 2018 - 2022 |
| Base year | 2023 |
| Forecast period | 2024 - 2030 |
| Quantitative units | Revenue in USD million |
| Market segmentation | Genuine Leather, Synthetic Leather, Vegan Leather |
| Key market players worldwide | Adidas AG, Nike Inc Class B, Puma SE, MillerKnoll Inc, Samsonite International SA, VIP Industries, Timberland Bancorp Inc, Genesco Inc, Hermes International SA, Lvmh Moet Hennessy Louis Vuitton SE, VF Corp, Lear Corp |
Other key industry trends
- In terms of revenue, Brazil accounted for 2.2% of the global leather goods market in 2023.
- Country-wise, U.S. is expected to lead the global market in terms of revenue in 2030.
- In Latin America, Brazil leather goods market is projected to lead the regional market in terms of revenue in 2030.
- Brazil is the fastest growing regional market in Latin America and is projected to reach USD 7,967.0 million by 2030.
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Leather Goods Market Scope
Leather Goods Market Companies
| Name | Profile | # Employees | HQ | Website |
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Brazil leather goods market outlook
The databook is designed to serve as a comprehensive guide to navigating this sector. The databook focuses on market statistics denoted in the form of revenue and y-o-y growth and CAGR across the globe and regions. A detailed competitive and opportunity analyses related to leather goods market will help companies and investors design strategic landscapes.
Genuine leather was the largest segment with a revenue share of 60.08% in 2023. Horizon Databook has segmented the Brazil leather goods market based on genuine leather, synthetic leather, vegan leather covering the revenue growth of each sub-segment from 2018 to 2030.
Brazil is one of the world’s largest leather producers and exports leather to approximately 80 countries. Countries such as Peru, Mexico, and Argentina are increasingly preferring Brazilian leather owing to its distinctive designs and differentiated materials.
However, the high import taxes imposed on luxury items imposed by the Brazilian government is the major factor restraining the Brazil leather goods market's growth.
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Target buyers of Brazil leather goods market databook
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Our clientele includes a mix of leather goods market companies, investment firms, advisory firms & academic institutions.
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Approximately 65% of our revenue is generated working with competitive intelligence & market intelligence teams of market participants (manufacturers, service providers, etc.).
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Horizon Databook provides a detailed overview of country-level data and insights on the Brazil leather goods market , including forecasts for subscribers. This country databook contains high-level insights into Brazil leather goods market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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Brazil leather goods market size, by type, 2018-2030 (US$M)
Brazil Leather Goods Market Outlook Share, 2023 & 2030 (US$M)
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