Silk Protein Market - By Product Type (Sericin, Fibroin), Form (Powder, Oil), By Application (Haircare, Skincare, Eye Care, Color cosmetics, Lip Care, Toiletry) & Forecast, 2024 – 2032

Silk Protein Market Size

Silk Protein Market was valued at around USD 921.43 million in 2023 and is anticipated to register a CAGR of over 6.2% between 2024 and 2032. The industry is being driven by a growing consumer preference for natural and sustainable ingredients in skincare and haircare products.
 

Silk protein's unique properties, such as its moisturizing and anti-aging benefits, are fueling demand in the cosmetics industry. Increased awareness of silk protein's ability to improve skin and hair health is prompting its inclusion in a variety of formulations, from shampoos to serums. Additionally, the textile industry's innovation in silk protein-based fabrics is expanding its market reach, appealing to environmentally conscious consumers. As the market continues to emphasize efficacy and eco-friendliness, silk protein's diverse applications are driving its demand across various sectors. Thus, the market is expected to attain a market value of over USD 1.61 billion by 2032.
 

The silk protein market faces significant supply chain challenges, primarily due to the intricate and delicate nature of silk production. The process of obtaining silk protein involves multiple steps, from silkworm cultivation to silk fiber extraction, each susceptible to disruptions. External factors such as weather conditions, diseases affecting silkworms, and fluctuations in raw silk supply can all impact the availability and pricing of silk protein. This volatility in the supply chain poses challenges for manufacturers and can lead to inconsistencies in product availability, affecting market stability. Maintaining a reliable and sustainable supply chain for silk protein products is crucial for meeting demand and ensuring market growth.
 

Silk Protein Market Trends

The silk protein industry is witnessing several notable trends that are shaping its trajectory. One prominent trend is the surge in demand for silk protein in skincare products, driven by its moisturizing and anti-aging properties. Beauty and cosmetics companies are increasingly incorporating silk protein into their formulations, capitalizing on its ability to enhance skin texture and promote collagen production. Another trend is the growing popularity of silk protein in haircare products, where it is valued for its ability to strengthen hair strands and improve overall hair health.
 

Furthermore, the market is experiencing a shift towards sustainable and eco-friendly practices, with silk protein aligning well with this trend. Consumers are seeking products that are not only effective but also environmentally conscious, leading to a rise in the use of silk protein in natural and organic cosmetic lines. This emphasis on sustainability is also extending to the textile industry, where silk protein-based fabrics are gaining traction as an eco-friendly alternative to traditional materials.
 

Silk Protein Market Analysis

Based on product type, the market is divided into sericin, fibroin and other. Fibroin held the dominant market share of 543.33 million in 2023 and is expected to reach USD 946.2 million by 2032. Fibroin, the structural protein found in silk fibers, is highly valued for its remarkable properties. It offers exceptional strength, biocompatibility, and biodegradability, making it a sought-after ingredient in various applications. Its versatility allows for a wide range of uses, from textiles to biomedical materials. As a result, Fibroin has gained significant traction in the market, driving its popularity among manufacturers and consumers alike.
 

Based on form, the market is categorized into powder, oil and others. Powder accounted for 58% market share in 2023 and is projected to grow through 2032. Powdered silk protein offers convenience and ease of use, making it a versatile ingredient for formulation in various products. Whether it's skincare, cosmetics, or dietary supplements, powdered silk protein can be easily incorporated into formulations to enhance their properties. This form also allows for better control over dosage and application, appealing to both manufacturers and end-users seeking effective and customizable solutions.
 

Based on application, the market is divided into haircare, skincare, eye care, color cosmetics, lip care, toiletry and other. Skincare held the dominant market share of 344.63 million in 2023 and is expected to reach USD 604.9 million by 2032. The beauty and skincare industry has witnessed a surge in demand for natural, sustainable ingredients, and silk protein fits these criteria perfectly. Silk protein's moisturizing, anti-aging, and skin-smoothing properties have garnered significant attention from consumers looking for high-quality skincare products. Its ability to improve skin texture, promote collagen production, and protect against environmental damage has made it a staple in many skincare formulations. With the rising focus on self-care and natural beauty, skincare products featuring silk protein continue to gain popularity, further solidifying its position as a leading application in the market.
 

Asia Pacific dominated the global silk protein market in 2023. It generated a revenue of USD 462.21 million in 2023 and is expected to reach USD 816.35 million by 2032. The Asia Pacific region stands out as a dominant force in the industry due to several key factors. Culturally, silk has been deeply intertwined with Asian history and tradition for centuries, particularly in countries like China, India, and Japan. This cultural significance translates into a strong market demand for silk-based products, including silk protein. Additionally, the Asia Pacific region boasts a large and diverse textile industry, where silk is a prized material. This existing infrastructure and expertise in silk production contribute to the region's dominance in the market.
 

China stands out as the dominant force in the silk protein industry within the Asia-Pacific region. This is largely due to China's rich history and deep-rooted tradition in silk production, dating back thousands of years. The country boasts a robust silk industry, with a vast network of silk farms and skilled artisans. China's expertise in sericulture, the cultivation of silkworms for silk production, gives it a competitive edge in supplying high-quality silk protein to various industries, including cosmetics, textiles, and healthcare. The sheer volume of silk produced in China, coupled with its advanced processing capabilities, positions the country as a key player in meeting the growing global demand for silk protein.
 

Silk Protein Market Share

The competitive landscape of the silk protein industry features a diverse array of companies, each bringing unique innovations and strengths to the industry. AMSilk GmbH and Bolt Threads stand out as pioneers in the development of silk protein-based materials, known for their applications in textiles and biomedical fields. Caribbean Natural Products Inc. brings a focus on natural ingredients, offering silk protein formulations for skincare and haircare products. Evolved by Nature, formerly Silk Inc., is renowned for its sustainable silk technologies, catering to the growing demand for eco-friendly alternatives.
 

In the realm of silk protein production, Huzhou Aotesi Biochemical and Huzhou Xintiansi Bio-tech Co., Ltd. are key players with expertise in silk extraction and processing. Kraig Biocraft Laboratories, Inc. and SilkTech Biopharmaceuticals are notable for their advancements in genetically engineered silkworms to produce enhanced silk proteins for various applications. KISCO Ltd brings a global presence, offering a wide range of silk protein-based products for cosmetics and healthcare. Lastly, Proteina focuses on specialty silk proteins for specific applications, contributing to the market's diversity and addressing niche demands. This competitive landscape showcases a mix of traditional silk producers, innovative biotech companies, and sustainability-focused players, driving the market's growth and evolution.
 

Silk Protein Market Companies

Major players operating in the market include:

• AMSilk GmbH
• Bolt Threads
• Caribbean Natural Products Inc
• Evolved by Nature (previously Silk Inc.)
• Huzhou Aotesi Biochemical
• Huzhou Xintiansi Bio-tech Co., Ltd.
• Kraig Biocraft Laboratories, Inc.
• KISCO Ltd
• Proteina
• SilkTech Biopharmaceuticals
   

Silk Protein Industry News

• In February 2023, Evonik partnered with AMSilk to manufacture sustainable silk proteins. Evonik has entered into an agreement with the German biotech company AMSilk to produce industrial quantities of innovative, sustainable silk proteins. The silk can be used in a broad range of applications including high-quality fashion, smart materials in automotives, and medical devices.
   
• In April 2024, Givaudan launched new vegan silk protein Silk-iCare, which will protect and repair skin. Based on white biotechnology, Silk-iCare is a “significant advancement” in biomimetic silk protein technology with skin benefits, according to the beauty and fragrance provider.
   

The silk protein market research report includes in-depth coverage of the industry, with estimates & forecast in terms of revenue and volume (USD Million) (Kilo Tons) from 2018 to 2032, for the following segments:

Click here to Buy Section of this Report

Market, By Product Type

• Sericin
• Fibroin
• Others (Collagen, Elastin)

Market, By Form

• Powder
• Oil
• Others (Hydrogel, film)

Market, By Application

• Haircare
• Skincare
• Eye Care
• Color Cosmetics
• Lip Care
• Toiletry
• Others (Pharma, Nutraceuticals)

The above information is provided for the following regions and countries:

• North America
  • U.S.
  • Canada
• Europe
  • Germany
  • UK
  • France
  • Italy
  • Spain
  • Rest of Europe
• Asia Pacific
  • China
  • India
  • Japan
  • South Korea
  • Australia
  • Rest of Asia Pacific
• Latin America
  • Brazil
  • Mexico
  • Argentina
  • Rest of Latin America
• MEA
  • Saudi Arabia
  • UAE
  • South Africa
  • Rest of MEA