more than $2.4 million<\/span><\/strong>.
This trend will continue to gain more prominence in the next decade, providing even more opportunities to launch our cork leather business.<\/p>3\ufe0f\u20e3. Profitability is on the rise<\/strong>
Consumer trends have unfolded globally, especially in the zero cruelty, sustainable and vegan fashion space. Sustainable fashion businesses are experiencing a watershed moment, with independent boutique brands and fast fashion giants offering more alternative options for conscious shoppers.
Younger consumers are the most enthusiastic adopters of animal-free leather. Of the 62% who said they were willing to pay a premium for leather alternatives<\/strong>, about three-quarters said they were “very likely” to buy these products.
Since 2015, $1.29 billion has been invested in leather alternatives<\/strong> companies from 95 different sources, ranging from venture capitalists to banks, private equity firms, fashion brands and angel investors.
Of that amount, $504 million has been raised in 2020 alone. This is comparable to the total amount raised in the previous four years, indicating strong growth in investment interest in the sector.
Iconic footwear brand Dr. Marten’s launched vegan boots, and sales jumped 279%<\/strong>, far exceeding expectations.
High-quality cork leather against traditional leather, and now consumers are more willing to spend on sustainable products, so you
will see an increase in demand for the cork leather business, which will help increase the income of those already involved in the industry.<\/p>4\ufe0f\u20e3. brand loyalty is very strong<\/strong>
Cork leather currently has too many areas to be developed, for example, in the cork bag field, most cork bags are from homework handymen, and few iconic brands side to attract consumers. For example, the above-mentioned French brand Laflore<\/span><\/strong>, to create a suitable contemporary consumer concept and application of Bobobar cork backpack after, continue to launch the second Bebebar <\/span><\/strong>day and night cork bag, still have more than 8,000 people support,<\/span> get the investment of more than 1.7 million dollars.<\/span><\/strong>
You don’t try to launch your cork leather project, you never know where your profits reach.<\/p>5\ufe0f\u20e3. vegan leather market globalization<\/strong>
Geographically, North America has the largest<\/strong> share of the global vegan leather market. In addition, Europe is the second-largest market<\/strong> for vegan leather due to the increasing demand for animal-free and environmentally friendly alternatives. Due to the rapid growth of markets such as the United Kingdom and France, the European region provides a huge potential for market growth. The Asia Pacific holds a considerable share of the vegan leather market due to the rapid growth of markets such as China, India, Japan and South Korea. China is the largest vegan leather market in the Asia-Pacific region.<\/strong>
This industry is growing over time and you could soon be part of this industry.
So if you want to make a lot of money in the next decade, consider starting your own cork leather project.
Hopefully, this will give you the motivation to start your project soon.<\/p>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t