Artificial Fur Market was valued at USD 2.5 Billion in 2022 and is projected to reach USD 4.0 Billion by 2030, growing at a CAGR of 7.3% from 2024 to 2030.
The artificial fur market has experienced significant growth between 2018 and 2022, driven by rising consumer awareness regarding animal welfare and the increasing preference for cruelty-free and sustainable products. As a result, the demand for artificial fur has skyrocketed in sectors such as fashion, automotive, and home decor. By 2022, the market was valued at approximately USD 4.5 billion, showing a strong CAGR (Compound Annual Growth Rate) of 9% over the past five years. This trend reflects the growing consumer shift towards synthetic materials that mimic the texture and aesthetics of real fur without the ethical concerns.
In the period from 2018 to 2022, key drivers in the artificial fur market included advancements in manufacturing technologies and material science. Innovations in eco-friendly synthetic fibers, such as polyester and acrylic, allowed for the creation of high-quality artificial fur that closely resembled its natural counterpart in terms of softness, texture, and appearance. Additionally, the use of artificial fur in various sectors beyond fashion, including the automotive industry for seat covers and trim, further boosted market demand. In particular, the increased popularity of faux fur apparel, driven by celebrities and fashion influencers, played a pivotal role in this market expansion.
The future outlook of the artificial fur market from 2023 to 2033 presents a promising trajectory. Demand is expected to remain strong, with an estimated market value of USD 8.5 billion by 2033. The primary factors influencing this forecast include the continuing shift towards sustainable fashion, stringent animal welfare regulations, and the growing preference for vegan alternatives. Furthermore, technological advancements are anticipated to enhance the quality and affordability of artificial fur, making it an even more appealing choice for a broader range of consumers.
One area of particular interest for the future of artificial fur lies in its use in the automotive industry. As car manufacturers continue to innovate with eco-friendly interiors, artificial fur is increasingly being seen as an ideal substitute for animal-based materials. Moreover, increasing adoption in home decor, including rugs and furniture upholstery, is expected to significantly drive growth. Moreover, the market’s shift towards sustainable and biodegradable alternatives could further redefine the future of artificial fur in multiple sectors.
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DealTask
FIM
Peltex Fibers
Sommers Plastic Products
Texfactor Textiles
Aono Pile
Taenaka Pile Fabrics
Ompile
Ningbo Tenglong Fur
Ningbo Chenghong Plush Products
DealTask
Ningbo Hefan Plush Product
By the year 2030, the scale for growth in the market research industry is reported to be above 120 billion which further indicates its projected compound annual growth rate (CAGR), of more than 5.8% from 2023 to 2030. There have also been disruptions in the industry due to advancements in machine learning, artificial intelligence and data analytics There is predictive analysis and real time information about consumers which such technologies provide to the companies enabling them to make better and precise decisions. The Asia-Pacific region is expected to be a key driver of growth, accounting for more than 35% of total revenue growth. In addition, new innovative techniques such as mobile surveys, social listening, and online panels, which emphasize speed, precision, and customization, are also transforming this particular sector.
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Growing demand for below applications around the world has had a direct impact on the growth of the Global Artificial Fur Market
Apparel
Upholstery and Home Textiles
Other Accessories
Based on Types the Market is categorized into Below types that held the largest Artificial Fur market share In 2023.
Velvet
Corduroy
Fake Furs
Others
Global (United States, Global and Mexico)
Europe (Germany, UK, France, Italy, Russia, Turkey, etc.)
Asia-Pacific (China, Japan, Korea, India, Australia, Indonesia, Thailand, Philippines, Malaysia and Vietnam)
South America (Brazil, Argentina, Columbia, etc.)
Middle East and Africa (Saudi Arabia, UAE, Egypt, Nigeria and South Africa)
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1. Introduction of the Global Artificial Fur Market
Overview of the Market
Scope of Report
Assumptions
2. Executive Summary
3. Research Methodology of Verified Market Reports
Data Mining
Validation
Primary Interviews
List of Data Sources
4. Global Artificial Fur Market Outlook
Overview
Market Dynamics
Drivers
Restraints
Opportunities
Porters Five Force Model
Value Chain Analysis
5. Global Artificial Fur Market, By Type
6. Global Artificial Fur Market, By Application
7. Global Artificial Fur Market, By Geography
Global
Europe
Asia Pacific
Rest of the World
8. Global Artificial Fur Market Competitive Landscape
Overview
Company Market Ranking
Key Development Strategies
9. Company Profiles
10. Appendix
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