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Silk Market By Type, By End User: Global Opportunity Analysis and Industry Forecast, 2021-2031

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    Report

  • 305 Pages
  • September 2022
  • Region: Global
  • Allied Market Research
  • ID: 5713059
The global silk market is envisioned to garner $34,102.5 million by 2031, growing from $15,608.3 million in 2021 at a CAGR of 8.2% from 2022 to 2031. The natural protein fiber silk is taken from the insect's larvae. Raw silk, domesticated silkworms like Bombyx mori, and spider species like Araneus diadematus are the main sources of commercial silk production. Silk proteins are useful substances that are created by following the biosynthesis process in specialized glands.

Silk protein has a variety of biological properties, including antimicrobial, antibacterial, anticoagulant, and anticancer properties. Silk protein has a wide range of applications in the cosmetics industry where it is widely used. This is because silk protein is a crucial ingredient in cosmetic products as it has anti-aging properties, it hydrates the scalp, rejuvenates skin, and lessens wrinkles. Silk protein inhibits tyrosinase formation, which helps in maintaining the skin's clarity and suppleness. Due to these benefits, silk protein is widely used in the nutraceuticals and pharmaceuticals sector. Silk protein also encourages cell growth, which aids in wound healing. The oxidation resistance of silk proteins helps to increase the shelf life of manufactured medicines. They also assist in shielding the skin from harmful UV rays.

There are various alternatives to silk specifically in the textile industry. For instance, the availability of substitutes such as polyester chiffon, mercerized cotton, ramie, rayon crepe, and others are estimated to restrict the silk market demand in the upcoming years. Also, silk is quite expensive compared to other fabrics which is anticipated to hamper the silk market size during the forecast period. Moreover, the high dependency over China for silk and its raw materials is also expected to hamper the growth of the global silk market.

One of Europe's critical economic sectors, with a yearly turnover of billions of euros, is the textile industry, particularly the silk sector. The biggest markets in Europe for silk textiles are in Germany and Italy. Along with importing a vast selection of silk textiles for clothing, accessories, and home décor, Italian and German consumers choose natural fibers. Furthermore, despite the fact that the European apparel and textile market is a diverse one, silk remains a significant Italian textile producer due to its distinctive qualities like breathability, elasticity, and absorbency. In the upcoming years, such factors are estimated to generate excellent opportunities in the market.

The market for silk was negatively impacted as a result of the COVID-19 outbreak. The silk industry experienced a variety of production-related challenges during the COVID-19 pandemic. For instance, fluctuating cocoon and raw silk prices, transportation issues, labor shortage, a decline in the sale of raw silk and silk-related products have negatively impacted the silk demand during the pandemic. Additionally, a significant decline in working capital and cash flow, fewer export/import orders, and other factors have impacted the silk market growth. During the peak of COVID-19, orders and supply in recent months revealed a falling trend in silk production, which is currently noticeably improving. Changes in consumption habits and silk marketing methods have also been brought on by the pandemic.

The key players profiled in this report include Anhui Silk Co. Ltd., AMSilk GmbH, EntoGenetics inc., Bolt Threads, Sichuan Nanchong Liuhe (Group) Corp., China Silk Group Co. Ltd, Zhejiang Jiaxin Silk Co., Ltd, Xuzhou Shengkun Silk Manufacturing Co., Ltd, Spiber Technologies, and Libas Textiles Ltd.

Key Benefits For Stakeholders

  • This report provides a quantitative analysis of the market segments, current trends, estimations, and dynamics of the silk market analysis from 2021 to 2031 to identify the prevailing silk market opportunities.
  • The market research is offered along with information related to key drivers, restraints, and opportunities.
  • Porter's five forces analysis highlights the potency of buyers and suppliers to enable stakeholders make profit-oriented business decisions and strengthen their supplier-buyer network.
  • In-depth analysis of the silk market segmentation assists to determine the prevailing market opportunities.
  • Major countries in each region are mapped according to their revenue contribution to the global market.
  • Market player positioning facilitates benchmarking and provides a clear understanding of the present position of the market players.
  • The report includes the analysis of the regional as well as global silk market trends, key players, market segments, application areas, and market growth strategies.

Key Market Segments

By Type

  • Others
  • Mulberry Silk
  • Tussar Silk
  • Eri Silk

By End User

  • Textile
  • Cosmetics and Medical

By Region

  • North America
  • U.S.
  • Canada
  • Mexico
  • Europe
  • Germany
  • U.K.
  • France
  • Spain
  • Italy
  • Rest of Europe
  • Asia-Pacific
  • China
  • Japan
  • India
  • South Korea
  • Australia
  • Rest of Asia-Pacific
  • LAMEA
  • Brazil
  • Saudi Arabia
  • United Arab Emirates
  • South Africa
  • Rest of LAMEA

Key Market Players

  • Anhui Silk Co. Ltd.
  • Amsilk GmbH
  • Wujiang First Textile Co., Ltd.
  • Zhejiang Jiaxin Silk Co., Ltd.
  • Sichuan Nanchong Liuhe (Group) Corp.
  • ShengKun Silk Manufacturing Co., Ltd.
  • Wujiang Wanshiyi Silk Co. Ltd.
  • Libas Textiles Ltd.
  • Bolt Threads
  • Jiangsu Sutong Cocoon And Silk Co.

Table of Contents

CHAPTER 1: INTRODUCTION
1.1. Report description
1.2. Key market segments
1.3. Key benefits to the stakeholders
1.4. Research Methodology
1.4.1. Secondary research
1.4.2. Primary research
1.4.3. Analyst tools and models

CHAPTER 2: EXECUTIVE SUMMARY
2.1. Key findings of the study
2.2. CXO Perspective

CHAPTER 3: MARKET OVERVIEW
3.1. Market definition and scope
3.2. Key findings
3.2.1. Top investment pockets
3.3. Porter’s five forces analysis
3.4. Top player positioning
3.5. Market dynamics
3.5.1. Drivers
3.5.2. Restraints
3.5.3. Opportunities
3.6. COVID-19 Impact Analysis on the market
3.7. Value Chain Analysis
3.8. Regulatory Guidelines
3.9. Market Share Analysis
3.10. Key Regulation Analysis
3.11. Patent Landscape

CHAPTER 4: SILK MARKET, BY TYPE
4.1 Overview
4.1.1 Market size and forecast
4.2 Mulberry Silk
4.2.1 Key market trends, growth factors and opportunities
4.2.2 Market size and forecast, by region
4.2.3 Market analysis by country
4.3 Tussar Silk
4.3.1 Key market trends, growth factors and opportunities
4.3.2 Market size and forecast, by region
4.3.3 Market analysis by country
4.4 Eri Silk
4.4.1 Key market trends, growth factors and opportunities
4.4.2 Market size and forecast, by region
4.4.3 Market analysis by country
4.5 Others
4.5.1 Key market trends, growth factors and opportunities
4.5.2 Market size and forecast, by region
4.5.3 Market analysis by country

CHAPTER 5: SILK MARKET, BY END USER
5.1 Overview
5.1.1 Market size and forecast
5.2 Textile
5.2.1 Key market trends, growth factors and opportunities
5.2.2 Market size and forecast, by region
5.2.3 Market analysis by country
5.3 Cosmetics and Medical
5.3.1 Key market trends, growth factors and opportunities
5.3.2 Market size and forecast, by region
5.3.3 Market analysis by country

CHAPTER 6: SILK MARKET, BY REGION
6.1 Overview
6.1.1 Market size and forecast
6.2 North America
6.2.1 Key trends and opportunities
6.2.2 North America Market size and forecast, by Type
6.2.3 North America Market size and forecast, by End User
6.2.4 North America Market size and forecast, by country
6.2.4.1 U.S.
6.2.4.1.1 Market size and forecast, by Type
6.2.4.1.2 Market size and forecast, by End User
6.2.4.2 Canada
6.2.4.2.1 Market size and forecast, by Type
6.2.4.2.2 Market size and forecast, by End User
6.2.4.3 Mexico
6.2.4.3.1 Market size and forecast, by Type
6.2.4.3.2 Market size and forecast, by End User
6.3 Europe
6.3.1 Key trends and opportunities
6.3.2 Europe Market size and forecast, by Type
6.3.3 Europe Market size and forecast, by End User
6.3.4 Europe Market size and forecast, by country
6.3.4.1 Germany
6.3.4.1.1 Market size and forecast, by Type
6.3.4.1.2 Market size and forecast, by End User
6.3.4.2 U. K.
6.3.4.2.1 Market size and forecast, by Type
6.3.4.2.2 Market size and forecast, by End User
6.3.4.3 France
6.3.4.3.1 Market size and forecast, by Type
6.3.4.3.2 Market size and forecast, by End User
6.3.4.4 Spain
6.3.4.4.1 Market size and forecast, by Type
6.3.4.4.2 Market size and forecast, by End User
6.3.4.5 Italy
6.3.4.5.1 Market size and forecast, by Type
6.3.4.5.2 Market size and forecast, by End User
6.3.4.6 Rest of Europe
6.3.4.6.1 Market size and forecast, by Type
6.3.4.6.2 Market size and forecast, by End User
6.4 Asia-Pacific
6.4.1 Key trends and opportunities
6.4.2 Asia-Pacific Market size and forecast, by Type
6.4.3 Asia-Pacific Market size and forecast, by End User
6.4.4 Asia-Pacific Market size and forecast, by country
6.4.4.1 China
6.4.4.1.1 Market size and forecast, by Type
6.4.4.1.2 Market size and forecast, by End User
6.4.4.2 Japan
6.4.4.2.1 Market size and forecast, by Type
6.4.4.2.2 Market size and forecast, by End User
6.4.4.3 India
6.4.4.3.1 Market size and forecast, by Type
6.4.4.3.2 Market size and forecast, by End User
6.4.4.4 South Korea
6.4.4.4.1 Market size and forecast, by Type
6.4.4.4.2 Market size and forecast, by End User
6.4.4.5 Australia
6.4.4.5.1 Market size and forecast, by Type
6.4.4.5.2 Market size and forecast, by End User
6.4.4.6 Rest of Asia-Pacific
6.4.4.6.1 Market size and forecast, by Type
6.4.4.6.2 Market size and forecast, by End User
6.5 LAMEA
6.5.1 Key trends and opportunities
6.5.2 LAMEA Market size and forecast, by Type
6.5.3 LAMEA Market size and forecast, by End User
6.5.4 LAMEA Market size and forecast, by country
6.5.4.1 Brazil
6.5.4.1.1 Market size and forecast, by Type
6.5.4.1.2 Market size and forecast, by End User
6.5.4.2 Saudi Arabia
6.5.4.2.1 Market size and forecast, by Type
6.5.4.2.2 Market size and forecast, by End User
6.5.4.3 United Arab Emirates
6.5.4.3.1 Market size and forecast, by Type
6.5.4.3.2 Market size and forecast, by End User
6.5.4.4 South Africa
6.5.4.4.1 Market size and forecast, by Type
6.5.4.4.2 Market size and forecast, by End User
6.5.4.5 Rest of LAMEA
6.5.4.5.1 Market size and forecast, by Type
6.5.4.5.2 Market size and forecast, by End User

CHAPTER 7: COMPANY LANDSCAPE
7.1. Introduction
7.2. Top winning strategies
7.3. Product Mapping of Top 10 Player
7.4. Competitive Dashboard
7.5. Competitive Heatmap
7.6. Key developments

CHAPTER 8: COMPANY PROFILES
8.1 AnhU.S.lk Co. Ltd.
8.1.1 Company overview
8.1.2 Company snapshot
8.1.3 Operating business segments
8.1.4 Product portfolio
8.1.5 Business performance
8.1.6 Key strategic moves and developments
8.2 Amsilk GmbH
8.2.1 Company overview
8.2.2 Company snapshot
8.2.3 Operating business segments
8.2.4 Product portfolio
8.2.5 Business performance
8.2.6 Key strategic moves and developments
8.3 Wujiang First Textile Co., Ltd.
8.3.1 Company overview
8.3.2 Company snapshot
8.3.3 Operating business segments
8.3.4 Product portfolio
8.3.5 Business performance
8.3.6 Key strategic moves and developments
8.4 Zhejiang Jiaxin Silk Co., Ltd.
8.4.1 Company overview
8.4.2 Company snapshot
8.4.3 Operating business segments
8.4.4 Product portfolio
8.4.5 Business performance
8.4.6 Key strategic moves and developments
8.5 Sichuan Nanchong Liuhe (Group) Corp.
8.5.1 Company overview
8.5.2 Company snapshot
8.5.3 Operating business segments
8.5.4 Product portfolio
8.5.5 Business performance
8.5.6 Key strategic moves and developments
8.6 ShengKU.S.lk Manufacturing Co., Ltd.
8.6.1 Company overview
8.6.2 Company snapshot
8.6.3 Operating business segments
8.6.4 Product portfolio
8.6.5 Business performance
8.6.6 Key strategic moves and developments
8.7 Wujiang Wanshiyi Silk Co. Ltd.
8.7.1 Company overview
8.7.2 Company snapshot
8.7.3 Operating business segments
8.7.4 Product portfolio
8.7.5 Business performance
8.7.6 Key strategic moves and developments
8.8 Libas Textiles Ltd.
8.8.1 Company overview
8.8.2 Company snapshot
8.8.3 Operating business segments
8.8.4 Product portfolio
8.8.5 Business performance
8.8.6 Key strategic moves and developments
8.9 Bolt Threads
8.9.1 Company overview
8.9.2 Company snapshot
8.9.3 Operating business segments
8.9.4 Product portfolio
8.9.5 Business performance
8.9.6 Key strategic moves and developments
8.10 Jiangsu Sutong Cocoon And Silk Co.
8.10.1 Company overview
8.10.2 Company snapshot
8.10.3 Operating business segments
8.10.4 Product portfolio
8.10.5 Business performance
8.10.6 Key strategic moves and developments

List of Tables
Table 1. Global Silk Market, by Type, 2021-2031 ($Million)
Table 2. Silk Market Size, for Mulberry Silk, by Region, 2021-2031 ($Million)
Table 3. Silk Market for Mulberry Silk by Country, 2021-2031 ($Million)
Table 4. Silk Market Size, for Tussar Silk, by Region, 2021-2031 ($Million)
Table 5. Silk Market for Tussar Silk by Country, 2021-2031 ($Million)
Table 6. Silk Market Size, for Eri Silk, by Region, 2021-2031 ($Million)
Table 7. Silk Market for Eri Silk by Country, 2021-2031 ($Million)
Table 8. Silk Market Size, for Others, by Region, 2021-2031 ($Million)
Table 9. Silk Market for Others by Country, 2021-2031 ($Million)
Table 10. Global Silk Market, by End-user, 2021-2031 ($Million)
Table 11. Silk Market Size, for Textile, by Region, 2021-2031 ($Million)
Table 12. Silk Market for Textile by Country, 2021-2031 ($Million)
Table 13. Silk Market Size, for Cosmetics and Medical, by Region, 2021-2031 ($Million)
Table 14. Silk Market for Cosmetics and Medical by Country, 2021-2031 ($Million)
Table 15. Silk Market, by Region, 2021-2031 ($Million)
Table 16. North America Silk Market, by Type, 2021-2031 ($Million)
Table 17. North America Silk Market, by End-user, 2021-2031 ($Million)
Table 18. North America Silk Market, by Country, 2021-2031 ($Million)
Table 19. U.S. Silk Market, by Type, 2021-2031 ($Million)
Table 20. U.S. Silk Market, by End-user, 2021-2031 ($Million)
Table 21. Canada Silk Market, by Type, 2021-2031 ($Million)
Table 22. Canada Silk Market, by End-user, 2021-2031 ($Million)
Table 23. Mexico Silk Market, by Type, 2021-2031 ($Million)
Table 24. Mexico Silk Market, by End-user, 2021-2031 ($Million)
Table 25. Europe Silk Market, by Type, 2021-2031 ($Million)
Table 26. Europe Silk Market, by End-user, 2021-2031 ($Million)
Table 27. Europe Silk Market, by Country, 2021-2031 ($Million)
Table 28. Germany Silk Market, by Type, 2021-2031 ($Million)
Table 29. Germany Silk Market, by End-user, 2021-2031 ($Million)
Table 30. U. K. Silk Market, by Type, 2021-2031 ($Million)
Table 31. U. K. Silk Market, by End-user, 2021-2031 ($Million)
Table 32. France Silk Market, by Type, 2021-2031 ($Million)
Table 33. France Silk Market, by End-user, 2021-2031 ($Million)
Table 34. Spain Silk Market, by Type, 2021-2031 ($Million)
Table 35. Spain Silk Market, by End-user, 2021-2031 ($Million)
Table 36. Italy Silk Market, by Type, 2021-2031 ($Million)
Table 37. Italy Silk Market, by End-user, 2021-2031 ($Million)
Table 38. Rest of Europe Silk Market, by Type, 2021-2031 ($Million)
Table 39. Rest of Europe Silk Market, by End-user, 2021-2031 ($Million)
Table 40. Asia-Pacific Silk Market, by Type, 2021-2031 ($Million)
Table 41. Asia-Pacific Silk Market, by End-user, 2021-2031 ($Million)
Table 42. Asia-Pacific Silk Market, by Country, 2021-2031 ($Million)
Table 43. China Silk Market, by Type, 2021-2031 ($Million)
Table 44. China Silk Market, by End-user, 2021-2031 ($Million)
Table 45. Japan Silk Market, by Type, 2021-2031 ($Million)
Table 46. Japan Silk Market, by End-user, 2021-2031 ($Million)
Table 47. India Silk Market, by Type, 2021-2031 ($Million)
Table 48. India Silk Market, by End-user, 2021-2031 ($Million)
Table 49. South Korea Silk Market, by Type, 2021-2031 ($Million)
Table 50. South Korea Silk Market, by End-user, 2021-2031 ($Million)
Table 51. Australia Silk Market, by Type, 2021-2031 ($Million)
Table 52. Australia Silk Market, by End-user, 2021-2031 ($Million)
Table 53. Rest of Asia-Pacific Silk Market, by Type, 2021-2031 ($Million)
Table 54. Rest of Asia-Pacific Silk Market, by End-user, 2021-2031 ($Million)
Table 55. LAMEA Silk Market, by Type, 2021-2031 ($Million)
Table 56. LAMEA Silk Market, by End-user, 2021-2031 ($Million)
Table 57. LAMEA Silk Market, by Country, 2021-2031 ($Million)
Table 58. Brazil Silk Market, by Type, 2021-2031 ($Million)
Table 59. Brazil Silk Market, by End-user, 2021-2031 ($Million)
Table 60. Saudi Arabia Silk Market, by Type, 2021-2031 ($Million)
Table 61. Saudi Arabia Silk Market, by End-user, 2021-2031 ($Million)
Table 62. United Arab Emirates Silk Market, by Type, 2021-2031 ($Million)
Table 63. United Arab Emirates Silk Market, by End-user, 2021-2031 ($Million)
Table 64. South Africa Silk Market, by Type, 2021-2031 ($Million)
Table 65. South Africa Silk Market, by End-user, 2021-2031 ($Million)
Table 66. Rest of LAMEA Silk Market, by Type, 2021-2031 ($Million)
Table 67. Rest of LAMEA Silk Market, by End-user, 2021-2031 ($Million)
Table 68. AnhU.S.lk Co. Ltd.: Company Snapshot
Table 69. AnhU.S.lk Co. Ltd.: Operating Segments
Table 70. AnhU.S.lk Co. Ltd.: Product Portfolio
Table 71. AnhU.S.lk Co. Ltd.: Net Sales
Table 72. AnhU.S.lk Co. Ltd.: Key Strategies
Table 73. Amsilk GmbH: Company Snapshot
Table 74. Amsilk GmbH: Operating Segments
Table 75. Amsilk GmbH: Product Portfolio
Table 76. Amsilk GmbH: Net Sales
Table 77. Amsilk GmbH: Key Strategies
Table 78. Wujiang First Textile Co. Ltd.: Company Snapshot
Table 79. Wujiang First Textile Co. Ltd.: Operating Segments
Table 80. Wujiang First Textile Co. Ltd.: Product Portfolio
Table 81. Wujiang First Textile Co. Ltd.: Net Sales
Table 82. Wujiang First Textile Co. Ltd.: Key Strategies
Table 83. Zhejiang Jiaxin Silk Co. Ltd.: Company Snapshot
Table 84. Zhejiang Jiaxin Silk Co. Ltd.: Operating Segments
Table 85. Zhejiang Jiaxin Silk Co. Ltd.: Product Portfolio
Table 86. Zhejiang Jiaxin Silk Co. Ltd.: Net Sales
Table 87. Zhejiang Jiaxin Silk Co. Ltd.: Key Strategies
Table 88. Sichuan Nanchong Liuhe (Group) Corp.: Company Snapshot
Table 89. Sichuan Nanchong Liuhe (Group) Corp.: Operating Segments
Table 90. Sichuan Nanchong Liuhe (Group) Corp.: Product Portfolio
Table 91. Sichuan Nanchong Liuhe (Group) Corp.: Net Sales
Table 92. Sichuan Nanchong Liuhe (Group) Corp.: Key Strategies
Table 93. ShengkU.S.lk Manufacturing Co. Ltd.: Company Snapshot
Table 94. ShengkU.S.lk Manufacturing Co. Ltd.: Operating Segments
Table 95. ShengkU.S.lk Manufacturing Co. Ltd.: Product Portfolio
Table 96. ShengkU.S.lk Manufacturing Co. Ltd.: Net Sales
Table 97. ShengkU.S.lk Manufacturing Co. Ltd.: Key Strategies
Table 98. Wujiang Wanshiyi Silk Co. Ltd.: Company Snapshot
Table 99. Wujiang Wanshiyi Silk Co. Ltd.: Operating Segments
Table 100. Wujiang Wanshiyi Silk Co. Ltd.: Product Portfolio
Table 101. Wujiang Wanshiyi Silk Co. Ltd.: Net Sales
Table 102. Wujiang Wanshiyi Silk Co. Ltd.: Key Strategies
Table 103. Libas Textiles Ltd.: Company Snapshot
Table 104. Libas Textiles Ltd.: Operating Segments
Table 105. Libas Textiles Ltd.: Product Portfolio
Table 106. Libas Textiles Ltd.: Net Sales
Table 107. Libas Textiles Ltd.: Key Strategies
Table 108. Bolt Threads: Company Snapshot
Table 109. Bolt Threads: Operating Segments
Table 110. Bolt Threads: Product Portfolio
Table 111. Bolt Threads: Net Sales
Table 112. Bolt Threads: Key Strategies
Table 113. Jiangsu Sutong Cocoon and Silk Co.: Company Snapshot
Table 114. Jiangsu Sutong Cocoon and Silk Co.: Operating Segments
Table 115. Jiangsu Sutong Cocoon and Silk Co.: Product Portfolio
Table 116. Jiangsu Sutong Cocoon and Silk Co.: Net Sales
Table 117. Jiangsu Sutong Cocoon and Silk Co.: Key Strategies

List of Figures
Figure 1. Silk Market Segmentation
Figure 2. Silk Market, 2021-2031
Figure 3. Silk Market, 2021-2031
Figure 4. Top Investment Pockets, by Region
Figure 5. Porter Five-1
Figure 6. Porter Five-2
Figure 7. Porter Five-3
Figure 8. Porter Five-4
Figure 9. Porter Five-5
Figure 10. Top Player Positioning
Figure 11. Silk Mark.:Drivers, Restraints and Opportunities
Figure 12. Value Chain Analysis
Figure 13. Regulatory Guidelines
Figure 14. Market Share Analysis
Figure 15. Key Regulation Analysis
Figure 16. Patent Analysis by Company
Figure 17. Patent Analysis by Country
Figure 18. Silk Market, By Type, 2021(%)
Figure 19. Comparative Share Analysis of Mulberry Silk Silk Market, 2021-2031(%)
Figure 20. Comparative Share Analysis of Tussar Silk Silk Market, 2021-2031(%)
Figure 21. Comparative Share Analysis of Eri Silk Silk Market, 2021-2031(%)
Figure 22. Comparative Share Analysis of Others Silk Market, 2021-2031(%)
Figure 23. Silk Market, By End-user, 2021(%)
Figure 24. Comparative Share Analysis of Textile Silk Market, 2021-2031(%)
Figure 25. Comparative Share Analysis of Cosmetics and Medical Silk Market, 2021-2031(%)
Figure 26. Silk Market by Region, 2021
Figure 27. U.S. Silk Market, 2021-2031($Million)
Figure 28. Canada Silk Market, 2021-2031($Million)
Figure 29. Mexico Silk Market, 2021-2031($Million)
Figure 30. Germany Silk Market, 2021-2031($Million)
Figure 31. U.K. Silk Market, 2021-2031($Million)
Figure 32. France Silk Market, 2021-2031($Million)
Figure 33. Spain Silk Market, 2021-2031($Million)
Figure 34. Italy Silk Market, 2021-2031($Million)
Figure 35. Rest of Europe Silk Market, 2021-2031($Million)
Figure 36. China Silk Market, 2021-2031($Million)
Figure 37. Japan Silk Market, 2021-2031($Million)
Figure 38. India Silk Market, 2021-2031($Million)
Figure 39. South Korea Silk Market, 2021-2031($Million)
Figure 40. Australia Silk Market, 2021-2031($Million)
Figure 41. Rest of Asia-Pacific Silk Market, 2021-2031($Million)
Figure 42. Brazil Silk Market, 2021-2031($Million)
Figure 43. Saudi Arabia Silk Market, 2021-2031($Million)
Figure 44. United Arab Emirates Silk Market, 2021-2031($Million)
Figure 45. South Africa Silk Market, 2021-2031($Million)
Figure 46. Rest of LAMEA Silk Market, 2021-2031($Million)
Figure 47. Top Winning Strategies, by Year
Figure 48. Top Winning Strategies, by Development
Figure 49. Top Winning Strategies, by Company
Figure 50. Product Mapping of Top 10 Players
Figure 51. Competitive Dashboard
Figure 52. Competitive Heatmap of Top 10 Key Players
Figure 53. Anhui Silk Co. Ltd.: Net Sales, ($Million)
Figure 54. Amsilk Gmb.: Net Sales, ($Million)
Figure 55. Wujiang First Textile Co. Ltd.: Net Sales, ($Million)
Figure 56. Zhejiang Jiaxin Silk Co. Ltd.: Net Sales, ($Million)
Figure 57. Sichuan Nanchong Liuhe (Group) Corp.: Net Sales, ($Million)
Figure 58. Shengkun Silk Manufacturing Co. Ltd.: Net Sales, ($Million)
Figure 59. Wujiang Wanshiyi Silk Co. Ltd.: Net Sales, ($Million)
Figure 60. Libas Textiles Ltd.: Net Sales, ($Million)
Figure 61. Bolt Thread.: Net Sales, ($Million)
Figure 62. Jiangsu Sutong Cocoon and Silk Co.: Net Sales, ($Million)

Executive Summary

According to the report, “Silk Market," the silk market was valued at $15.6 billion in 2021, and is estimated to reach $34.1 billion by 2031, growing at a CAGR of 8.2% from 2022 to 2031.

Silk is the insect fiber, with excellent strength and luster. Innate affinity for vivid colors and dyes, natural sheen, light weight, high absorbency, excellent drape, resilience, and other exquisite qualities. Due to these qualities, silk is referred to as the ‘queen of textiles’ throughout the world. A silkworm, a caterpillar, secretes liquid proteins that make up silk. China is the world's top supplier of silk, followed by India, Japan, Brazil, and more than 40 other countries worldwide.

Textile is the fastest growing application of silk. The textile business, which is continually growing and altering in terms of supply and demand, includes silk as a significant element. Due to its luster, plush feel, light weight, durability, and strength, silk is a popular material for textiles. It is utilized in a wide range of textiles, including cushions, wall hangings, draperies, upholstery, wedding gowns, gowns, blouses, scarves, and neckties. Silk is also quite comfortable to wear, especially in hot weather. Its low conductivity keeps warm air near to the skin during chilly conditions. More items, including shirts, ties, formal dresses, high design garments, lingerie, pajamas, robes, dress suits, sun dresses, and kimonos, are made of silk. Silk is also used in India to make sarees, which is a traditional outfit.

Basically, silk is one of the expensive material. Silk clothes are not easy to clean as they usually need to be dry cleaned. Moreover, silk material can get damaged by excessive sun and water exposure. The overall high price of silk is estimated to limit the silk market growth in the upcoming years.

The rapidly increasing demand for silk protein in sectors such as cosmetics and personal care, textile, pharmaceutical, and nutraceuticals is the main factor fueling the expansion of the global silk market. Oligopeptides and other advantageous ingredients, like the plentiful amino acids found in silk protein, are being quickly incorporated into the formulation of cosmetic products such as body lotion, shampoo, creams, and serum are expected to see an increase in demand from manufacturers of cosmetics and medical industry during the forecast years.

The global silk market is segmented based on type, end user, and region. By type, it is classified into mulberry silk, tussar silk, eri silk, and others. By end user, it is classified into textile and cosmetic & medical. By region, the market is analyzed across North America, Europe, Asia-Pacific, and LAMEA.

The key players profiled in the silk market report include Anhui Silk Co. Ltd., AMSilk GmbH, EntoGenetics inc., Bolt Threads, Sichuan Nanchong Liuhe (Group) Corp., China Silk Group Co. Ltd, Zhejiang Jiaxin Silk Co., Ltd, Xuzhou Shengkun Silk Manufacturing Co., Ltd, Spiber Technologies, and Libas Textiles Ltd.

The report offers a comprehensive analysis of the global silk market trends by thoroughly studying different aspects of the market including major segments, market statistics, silk market share, market dynamics, regional market outlook, investment opportunities, and top players working towards the growth of the market. The report also sheds light on the silk market analysis in terms of present scenario and upcoming trends & developments that are contributing to the growth of the market. Moreover, restraints and challenges that hold power to obstruct the market growth are also profiled in the report along with the Porter’s five forces analysis of the market to elucidate factors such as competitive landscape, bargaining power of buyers and suppliers, threats of new players, and emergence of substitutes in the market. Additionally, the analysis of silk market forecast will help the industry players in analyzing the growth potential and gaining complete insights on growth opportunities.

Impact of COVID-19 on the Global Silk Industry

Since the start of 2020, COVID-19 has been fierce, severely impacting both the global silk market size and the consumer demand. The outbreak had a significant negative impact on Brazil, Italy, China, France, and other major producers and consumers of silk.

The upstream and downstream silk industries are going through a severe crisis. Businesses in various nations have faced more difficulties with epidemic prevention, return to work, ordering, and markets. However, changes in silk marketing channels and consumption habits are also being brought on by the COVID-19 epidemic.

To combat the economic crisis brought on by the epidemic, many businesses are utilizing the Internet and new technologies to innovate, develop, transform, and modernize in response to market changes.

Key Findings of the Study

  • Based on type, the era silk sub-segment emerged as the global leader in 2021 and mulberry silk sub-segment is anticipated to be the fastest growing sub-segment during the forecast period.
  • Based on end user, the textile sub-segment emerged as the global leader in 2021 and is forecasted to be the fastest growing during the estimated period
  • Based on region, the Asia-Pacific market registered the highest market share in 2021 and is projected to maintain the position during the forecast period

Companies Mentioned

  • Anhui Silk Co. Ltd.
  • Amsilk GmbH
  • Wujiang First Textile Co., Ltd.
  • Zhejiang Jiaxin Silk Co., Ltd.
  • Sichuan Nanchong Liuhe (Group) Corp.
  • ShengKun Silk Manufacturing Co., Ltd.
  • Wujiang Wanshiyi Silk Co. Ltd.
  • Libas Textiles Ltd.
  • Bolt Threads
  • Jiangsu Sutong Cocoon And Silk Co.

Methodology

The analyst offers exhaustive research and analysis based on a wide variety of factual inputs, which largely include interviews with industry participants, reliable statistics, and regional intelligence. The in-house industry experts play an instrumental role in designing analytic tools and models, tailored to the requirements of a particular industry segment. The primary research efforts include reaching out participants through mail, tele-conversations, referrals, professional networks, and face-to-face interactions.

They are also in professional corporate relations with various companies that allow them greater flexibility for reaching out to industry participants and commentators for interviews and discussions.

They also refer to a broad array of industry sources for their secondary research, which typically include; however, not limited to:

  • Company SEC filings, annual reports, company websites, broker & financial reports, and investor presentations for competitive scenario and shape of the industry
  • Scientific and technical writings for product information and related preemptions
  • Regional government and statistical databases for macro analysis
  • Authentic news articles and other related releases for market evaluation
  • Internal and external proprietary databases, key market indicators, and relevant press releases for market estimates and forecast

Furthermore, the accuracy of the data will be analyzed and validated by conducting additional primaries with various industry experts and KOLs. They also provide robust post-sales support to clients.

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