diff --git a/pkgs/by-name/ca/cargo-component/package.nix b/pkgs/by-name/ca/cargo-component/package.nix
index 8deaf38fa346..46212b72e283 100644
--- a/pkgs/by-name/ca/cargo-component/package.nix
+++ b/pkgs/by-name/ca/cargo-component/package.nix
@@ -8,17 +8,17 @@
 
 rustPlatform.buildRustPackage rec {
   pname = "cargo-component";
-  version = "0.20.0";
+  version = "0.21.1";
 
   src = fetchFromGitHub {
     owner = "bytecodealliance";
     repo = "cargo-component";
     rev = "v${version}";
-    hash = "sha256-pW3hhcsMzKSWmUX8HwAtZCB+v9B4qXw6WUGODhPtW+Q=";
+    hash = "sha256-Tlx14q/2k/0jZZ1nECX7zF/xNTeMCZg/fN+fhRM4uhc=";
   };
 
   useFetchCargoVendor = true;
-  cargoHash = "sha256-Vnef3ApklZtN417dXhA+YWcsAeSTDSt6wA+7SjBKHm0=";
+  cargoHash = "sha256-ZwxVhoqAzkaIgcH9GMR+IGkJ6IOQVtmt0qcDjdix6cU=";
 
   nativeBuildInputs = [
     pkg-config