Crocodile leather is the processed hide of one of 23 crocodile species in the world. Crocodile leather is an exotic leather which as a group, makes up less than 1% of the world's leather production. It is rare compared to other hides such as sheep or cow and requires high levels of craftsmanship to prepare it for use in the consumer industry. Crocodile leather is considered a luxury item utilized by high fashion brands such as Hermes, Moet Hennessy Louis Vuitton (LVMH) and Gucci. As a material, crocodile leather is rare and expensive because of limited numbers of crocodiles, their relatively small size and the scarcity of dependable farms and tanning facilities to process and prepare the product for market.