US Silk Market Size study, by Type (Mulberry Silk, Tussar Silk, Eri Silk, Others), by End User (Textile, Cosmetics and Medical) Forecasts 2022-2032
US Silk Market is valued at approximately USD 2.829 billion in 2023 and is anticipated to grow with a healthy growth rate of more than 8.23% over the forecast period 2024-2032. Silk is a natural protein fibre that is used in a wide range of garments, including gowns, bridal dresses, sarees, neckties, and scarves, as well as home furnishings such as wall hangings, cushions, upholstery, and draperies. Furthermore, due to its lower conductivity compared to other fabrics, it is suitable for ties, shirts, high-end fashion apparel, formal suits, robes, kimonos, and sundresses. The US Silk Market covers the production, trade, and distribution of silk fibres, textiles, and commodities, which are influenced by the demands of the fashion, textile, and industrial sectors. An increasing demand for luxurious and sustainable textiles is trending in the US Silk Market. Consumers increasingly prioritize high-quality silk products, rising to a growing awareness of sustainability concerns. This shift underscores a significant preference for eco-friendly and ethically produced silk within the US Market.
US Silk Market is driven by several factors, including growing demand for Luxury textiles. Growing consumer preferences for high- quality luxurious fabrics increases the demand for silk products in fashion and home textiles. Additionally, Innovations in silk production techniques and processes enhance efficiency, quality and development of innovative silk- based materials. Furthermore, the demand for customizing and personalizing silk products and special silk products that can be customized increasing which drives the market growth. However, US has limited domestic sericulture capabilities resulting in a dependence on imported silk from other countries. and this dependence can be affected by international market fluctuations and trade policies, impacting supply chain stability which hinder the growth of the US Silk Market.
Major market player included in this report are:Kraig Biocraft Laboratories Inc.
Calamo Silk Inc.
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The detailed segments and sub-segment of the market are explained below: By Type
Mulberry Silk
Tussar Silk
Eri Silk
Others
By End User
Textile
Cosmetics and Medical
Years considered for the study are as follows:Historical year – 2022
Base year – 2023
Forecast period – 2024 to 2032
Key Takeaways:Market Estimates & Forecast for 10 years from 2022 to 2032.
Annualized revenues and Country level analysis for each market segment.
Detailed analysis of geographical landscape with Country level analysis of major regions.
Competitive landscape with information on major players in the market.
Analysis of key business strategies and recommendations on future market approach.
Analysis of competitive structure of the market.
Demand side and supply side analysis of the market.
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