| Product Code: ETC388284 | Publication Date: Aug 2022 | Updated Date: Feb 2025 | Product Type: Market Research Report | |
| Publisher: 6Wresearch | Author: Ravi Bhandari | No. of Pages: 75 | No. of Figures: 35 | No. of Tables: 20 |
The India whole furskins market is currently dominated by fox fur followed by mink fur, which together account for over 75% of the total sales volume. Over the past few years there has been a significant growth in demand for rabbit fur products across all age groups due its affordability & availability alongwith animal welfare concerns associated with traditional fur products such as mink or fox etc. The total revenue generated through sale of furskin products stood at INR 840 million in 2018 and it is anticipated to register a CAGR growth rate of 4.1% between 2025-2031 reaching up to INR 1128 Million by 2031 end.
The India Whole Furskins market has experienced growth primarily driven by the country`s position as a major player in the global leather and apparel industry. Furskins, obtained from various animals, are used in the production of high-end garments, accessories, and home furnishings. The growth of the fashion and luxury sectors, along with increased disposable income among India consumers, has supported the demand for whole furskins. Additionally, the presence of skilled artisans and a well-established leather processing industry in India has further facilitated market growth.
The whole furskins market in India has historical significance in the country`s textile and fashion industry. However, the market faces specific challenges. The use of furskins has become a subject of ethical and environmental concerns, with animal welfare advocates pushing for alternatives to real fur. As a result, the market has seen a shift towards synthetic and faux fur products. Additionally, fluctuations in global fashion trends impact the demand for furskins, making the market susceptible to cyclical shifts.
The India whole furskins market plays a significant role in the country`s fur industry. Furskins are used in the production of various fur-based products like garments, accessories, and home furnishings. Before the Covid-19 pandemic, the market was witnessing moderate growth, driven by the fashion industry`s demand for luxury fur products. However, the pandemic had a severe impact on the market. The restrictions on social gatherings, closure of retail stores, and reduced tourism resulted in a decline in demand for fur products. Additionally, the ethical concerns surrounding fur usage further impacted the market. Despite these challenges, the market showed resilience as some segments shifted their focus towards ethically-sourced and sustainable fur products. As the market adapted to changing consumer preferences, it demonstrated signs of recovery post-pandemic.
Key players in the India whole furskins market include fur trading companies and furriers like Furry Skins India, Supreme Furs, and Classic Furs & Skins. These entities are involved in the trading and processing of whole furskins sourced from various animal species, including mink, fox, and rabbit. Additionally, fur fashion retailers like Fur Couture India and Furs Exclusive offer a wide range of fur garments and accessories to consumers.