The global Silk Protein Industry is estimated to be worth 1,009.66 million in 2024 and is projected to reach a value of USD 1,777.28 million by 2034, expanding at a CAGR of 5.8% over the assessment period of 2024 to 2034.
| Attributes | Details |
|---|---|
| Market Value for 2024 | USD 1,009.66 million |
| Market Value for 2034 | USD 1,777.28 million |
| Market CAGR from 2024 to 2034 | 5.80% |
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The personal care and cosmetics business is evolving significantly in emerging economies. It is an effective ingredient for producers to capitalize on customer demand for superior-quality goods because of its diversified application in skincare, haircare, and cosmetics.
Since the protein is hydrophilic and allergy-friendly, it is employed in health and wellness products like dietary supplements, medical prostheses, and wound dressings. It has the aptitude to be used in a wide range of cutting-edge goods as the health and wellness sector flourishes. This trend indicates a shift towards the adoption of silk fiber protein in health and wellness products.
| Attributes | Details |
|---|---|
| Market Value for 2019 | USD 794.32 million |
| Market CAGR from 2019 to 2023 | 5.41% |
Silkworms are a prominent source of silk, and the production of silk can be affected by factors such as diseases or changes in mulberry cultivation. The less availability of raw materials of silk is affecting the growth of the silk structural protein market and leading to price fluctuations.
Designing an efficient manufacturing process is a difficult task for extracting and purifying silk. Developing a scalable manufacturing process is complex. Issues with technology and infrastructure affect the market growth of silk structural protein products.
Principal Consultant
The segmented silk protein market analysis is encompassed in the subsection. Based on comprehensive studies, the sericin segment is commanding the product type category. Likewise, the skin care segment is dominating the application category.
| Segment | Sericin |
|---|---|
| Share (2024) | 74.50% |
Sericin has characteristics that make it a prominent choice for many uses or applications, and it maintains its position in the silk protein industry. The demand for organic and zero carbon impact ingredients is driving the growth of the sericin industry.
Sericin is used in many industries such as cosmetics, and textiles driving the huge demand for silk proteins. Sericin can enhance the durability of products and improve customer satisfaction. These are the key drivers that are driving the significant demand for silk protein.
| Segment | Skin Care |
|---|---|
| Share (2024) | 21.50% |
Increasing customer demand for organic and zero-carbon products is driving significant growth in the market, silk protein meets the demand for greener skincare solutions. Silk fibroin's resilience enables its use in a wide range of skincare products, such as serums, moisturizers, facial toners, and cleansers, factors that are increasing demand in the market.
Amino acids from silk protein helps to produce collagen, which improves the elasticity of skin and firmness. The light consistency helps for fast absorption, making it perfect for skincare products. This trend shows an increase in the use of silk sericin protein in skincare products.
The silk protein market can be observed in the subsequent tables, which focus on the leading economies in the United States, India, Germany, Japan, and China. A comprehensive evaluation demonstrates that the United States has potential in the silk structural protein market.
| Country | United States |
|---|---|
| CAGR (2024 to 2034) | 5.70% |
| Country | India |
|---|---|
| CAGR (2024 to 2034) | 5.30% |
| Country | Germany |
|---|---|
| CAGR (2024 to 2034) | 5.10% |
| Country | Japan |
|---|---|
| CAGR (2024 to 2034) | 4.60% |
| Country | China |
|---|---|
| CAGR (2024 to 2034) | 3.90% |
The United States dominates in the adoption of the protein owing to the widespread research and development strategies in the cosmetic and medical fields. The adoption in the textile industry is gaining ground in the United States, ushered by non-allergenic and breathability attributes.
Government bylaws advocating the application of silk fibroin augment market growth in the United States. The alliance of universities and manufacturers nurtures advancements in silk fibre protein usage in the United States. It can be interpreted that consumer requirements for eco-friendly products prompt the growth of the United States silk protein market.
The opulent heritage in sericulture sets India as a vital participant in the global market, with an emphasis on conventional textile usage. The amplifying expenditure in research and development augments the quality and efficiency of silk structural protein products in India.
The upsurging consciousness concerning the benefits of silk protein in skincare promotes the demand in India. Small-sized sericulture firms in remote India are essential in the yield of silk protein, supporting employment and economic prosperity.
Thriving consumer choice for biodegradable materials pours the demand for silk structural protein in Germany. The German advanced textile industry thrives on the adoption of silk protein in fast-drying and damp-resistant fabric for sports and external activities.
The rigid regulations concerning sustainability have prompted the adoption of silk protein as a substitute for synthetic materials in Germany. The proclivity of major silk structural protein vendors in the cosmetics industry in Germany ramps up the assimilation of silk protein into skincare and haircare items.
Customer acknowledgment regarding craftsmanship ushers the Japanese demand for silk protein in lavish items and cosmetics. The long-lived culture of silk production in Japan enriches a strong industry, specifically in conventional textile crafts like kimono fabrication.
Creative usage of silk protein in wound healing and tissue engineering thrust research and development initiatives in the medical industry of Japan. The aging population of Japan bolsters the demand for the protein in skincare and healthcare applications.
China's extensive industrialization and amplifying disposable incomes surge demand for premium fabrics and intimate care goods. China's Silk Road Economic Belt strategy is developing globally, aiding in the trade of silk protein-based products, and pedestaling the country as a major exporter.
Silk processing tech progression in China enhances the quality and variety of silk protein applications.
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The market is prominent due to a competitive landscape with several silk structural protein vendors fighting for eminence. SilkTech Biopharmaceuticals, Huzhou Aotesi Biochemical, and Huzhou Xintiansi Bio-tech Co., Ltd. each aid the industry's growth with inventive strategies.
Kraig Biocraft Laboratories, Inc. and Evolved by Nature are pivotal in imposing their expertise to augment technological breakthroughs. Bolt Threads and AMSilk GmbH cater to market diversification, delivering a broad outlook.
Universal Preserv-A-Chem Inc., Proteina, and Suboneyo Chemicals Pharmaceuticals Private Limited strengthen the competitive landscape with their professional contributions.
As the market develops, the silk structural protein producers innovate, advancing growth and development. Other manufacturers support the fluid nature of the industry, creating a balanced ecosystem ready for advancements.
Noteworthy Observations
| Company | Bolt Threads |
|---|---|
| Headquarter | California, United States |
| Recent Progression | In October 2022, Bolt Threads, a biotechnology company, and Ginkgo Bioworks, the foremost horizontal platform for cell programming, declared a multilateral projects alliance to enhance the production and performance of Bolt's current portfolio while broadening it by evolving novel biomaterial proteins. The cooperation’s strategy aims to augment the production efficiency of Bolt's Mylo™ material, a leather replacement made from mycelium. |
| Company | AMSilk |
|---|---|
| Headquarter | Germany |
| Recent Innovations |
|
| Company | Kraig Biocraft Laboratories, Inc. |
|---|---|
| Headquarter | United States |
| Recent Advancement | Kraig Biocraft Laboratories, Inc. announced in February 2024 that it has taken control of a new recombinant spider silk production unit in Lam Dong Province, Vietnam. This new plant, located in the heart of Vietnam's flourishing silk market, acted as the company's operational core for fabricating spider silk production in 2024. |
| Company | Evolved By Nature |
|---|---|
| Headquarter | United States |
| Recent Breakthrough | In June 2022, Evolved By Nature, under the supervision of Teachers' Venture Growth, raised USD 120 million in Series C investment to stretch out sustainable activated silk technology for global consequences. |
The market is set to garner a valuation of USD 1,009.66 million in 2024.
The market is scheduled to acquire a worth of USD 1,777.28 million by 2034.
The market is in line to progress at a CAGR of 5.80% through 2034.
The sericin sector has the potential to execute a market share of 74.50% in 2024.
The skin care sector is in line to retain a market share of 21.50% in 2024.
1. Executive Summary 2. Market Overview 3. Market Background 4. Global Market Analysis 2019 to 2023 and Forecast, 2024 to 2034 5. Global Market Analysis 2019 to 2023 and Forecast 2024 to 2034, By Product 5.1. Sericin 5.2. Fibroin 6. Global Market Analysis 2019 to 2023 and Forecast 2024 to 2034, By Form 6.1. Powder 6.2. Oil 7. Global Market Analysis 2019 to 2023 and Forecast 2024 to 2034, By Application 7.1. Haircare 7.1.1. Shampoo 7.1.2. Conditioner 7.2. Skincare 7.2.1. Cleanser 7.2.2. Mask and Peels 7.2.3. Moisturizer 7.2.4. Serum 7.2.5. Facial Toners 7.3. Eye Care 7.3.1. Eye Cream 7.3.2. Mascara 7.4. Color Cosmetics 7.5. Lip Care 7.5.1. Lip Balm 7.5.2. Lipstick 7.6. Toiletry 7.6.1. Bath Gels 7.6.2. Shave Preparations 7.6.3. Liquid Hand Soaps 7.6.4. Soap Bars 7.6.5. Body Wash 7.7. Pharm and Nutraceuticals 8. Global Market Analysis 2019 to 2023 and Forecast 2024 to 2034, By Region 8.1. North America 8.2. Latin America 8.3. Western Europe 8.4. Eastern Europe 8.5. South Asia and Pacific 8.6. East Asia 8.7. Middle East and Africa 9. North America Market Analysis 2019 to 2023 and Forecast 2024 to 2034, By Country 10. Latin America Market Analysis 2019 to 2023 and Forecast 2024 to 2034, By Country 11. Western Europe Market Analysis 2019 to 2023 and Forecast 2024 to 2034, By Country 12. Eastern Europe Market Analysis 2019 to 2023 and Forecast 2024 to 2034, By Country 13. South Asia and Pacific Market Analysis 2019 to 2023 and Forecast 2024 to 2034, By Country 14. East Asia Market Analysis 2019 to 2023 and Forecast 2024 to 2034, By Country 15. Middle East and Africa Market Analysis 2019 to 2023 and Forecast 2024 to 2034, By Country 16. Key Countries Market Analysis 17. Market Structure Analysis 18. Competition Analysis 18.1. SilkTech Biopharmaceuticals 18.2. Huzhou Aotesi Biochemical 18.3. Huzhou Xintiansi Bio-tech Co., Ltd 18.4. Kraig Biocraft Laboratories, Inc 18.5. Evolved By Nature 18.6. Bolt Threads 18.7. AMSilk GmbH 18.8. Universal Preserv-A-Chem Inc. 18.9. Proteina 18.10. Suboneyo Chemicals Pharmaceuticals Private Limited 19. Assumptions & Acronyms Used 20. Research Methodology
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Silk Protein Market
