Global Sericin Market Research Report 2024-Competitive Analysis, Status and Outlook by Type, Downstream Industry, and Geography, Forecast to 2030

Global Sericin Market Research Report 2024-Competitive Analysis, Status and Outlook by Type, Downstream Industry, and Geography, Forecast to 2030

Sericin is a protein isolated from the silk produced by silkworms and is usually discarded in large quantities by the sericulture and textile industries during the silk degumming process, causing environmental pollution. However, sericin is a valuable biomolecule with antibacterial, anti-UV, antioxidant, and moisturizing properties. Recycling sericin can reduce environmental pollution and has high scientific and commercial value. Sericin, for example, is used as a moisturizer in facial creams and shampoos and is used as a variety of important biomaterials, including textiles.

Market Overview:

The latest research study on the global Sericin market finds that the global Sericin market reached a value of USD 322.22 million in 2023. It’s expected that the market will achieve USD 429.19 million by 2029, exhibiting a CAGR of 4.89% during the forecast period.

Advantages of sericin

Silk fiber is mainly composed of two proteins, silk fibroin, and sericin. As a binding substance, sericin surrounds the outside of silk fibroin, which is located in the center of the silk fiber. The silk industry separates sericin from silk protein to improve the fiber's smoothness, luster, lightness, and dyeability. Most of the sericin is discarded in wastewater, which can cause eutrophication and water pollution. Sericin is a natural polymer that acts as an adhesive to join two silk protein strands to form a silk yarn. Sericin is a polymer compound. Since the particle size is within the range of colloidal particles, it shows the unique properties of dialysis, cohesion, gelation, and peptization of sol. When sericin comes into contact with an appropriate liquid, it will automatically absorb the liquid and swell and become soft. After unlimited swelling, it can be dissolved in the liquid. This is the most important property of sericin, and it is also the basis for people to use water to make silk, refine, and degummer. Sericin is highly hydrophilic, biocompatible, moisturizing and healing, antibacterial active, antioxidant, and resistant to UV radiation, which makes it a suitable material for antioxidants and humectants. As a protein fragment, it is non-toxic and antioxidant, so it is often used as a food additive and cosmetic additive to perform functions such as moisturizing the intestines, increasing the bioavailability of certain trace elements, and improving the moisturizing properties of lotions or hair care products. Furthermore, sericin can be used to produce hydrogels, films, sponges, foams, dressings, granules, fibers, etc. for various biomedical and pharmaceutical applications (e.g., tissue engineering, wound healing, drug delivery). Given the serious environmental pollution caused by sericin and its beneficial properties, there is growing interest in the upcycling of this biomaterial. This may have a strong and positive impact on the economy, society, and environment, especially in sericulture countries such as China, India, Brazil, and Japan. Therefore, as its advantages are recognized by more people, the market size of sericin continues to expand.

Fast-growing personal care and cosmetics market

As consumers place more emphasis on appearance, beauty and personal care products such as skincare, makeup, and hair care are becoming an integral part of people's daily lives. Recommendations from social media bloggers and celebrities, the expansion of e-commerce, advances in technology in retail stores, and the rise of independent brands are making products increasingly accessible to shoppers. There is growing research on hormone-disrupting ingredients in everyday cosmetics and personal care products, and there is a need for products that are safe to use, affordable, and effective. At the same time, rising consumer demand for cosmetics that are vegan, organic, natural, and good for the planet is encouraging manufacturers to introduce new products. On the other hand, male consumers are also increasingly interested in using cosmetics for skin, hair, and body care. The lines between beauty and health are expected to continue to blur as people become increasingly health-conscious, switching to healthier lifestyles and taking supplements to meet their daily nutritional needs. Health-inspired products such as skincare and cosmetics containing probiotics and Ayurvedic ingredients, ingestible supplements, and beauty devices such as LED masks have captured the attention of consumers, and the fusion of health and beauty will continue to grow in the coming years. Numerous research papers have shown the benefits of sericin related to hair, skin and nail health, providing a clear impetus to the market. Sericin can bind to water molecules to provide hydration to the skin and hair, helping to prevent dryness and improve overall hydration. Sericin contains antioxidants and helps stimulate collagen production in the skin, helping people prevent premature aging and maintain a more youthful appearance. Sericin has been found to have soothing and anti-inflammatory effects on the skin, which can be beneficial for people with sensitive or irritated skin. Cosmetics and personal care products mostly come in liquid and powder form, and sericin can be used in both cases. As a result, sericin provides a variety of benefits for skin, hair, and wound healing, making it a great addition to skin and hair care products. The rapidly growing personal care and cosmetics markets will provide continued impetus for the growth of the sericin market.

Region Overview:

In 2022, the share of the Sericin market in Asia Pacific stood at 37.23%.

Company Overview:

The major players operating in the Sericin market include DSM, LANXESS, Huzhou Aotesi Bio-chemical, Wuhan Yuancheng, Hubei Hongxin Ruiyu, etc. Among which, DSM ranked top in terms of sales and revenue in 2023.

DSM is active in the personal care, home care and fine fragrance markets and a leading player in UV filters, vitamins and skin bioactives, aroma ingredients, peptides and polymers. Our suite of services and ingredients are tailored to the changing needs of your customers and the planet – and delivered by a team of experts committed to your success.

With our broad portfolio of UV filters, vitamins, bioactives, polymers and aroma chemicals we serve our customers in a broad range of applications in the home and personal care markets and fine fragrances.

Segmentation Overview:

By type, Solid segment accounted for the largest share of market in 2022.

Application Overview:

By application, the Cosmetics and Personal Care segment occupied the biggest share from 2018 to 2022.

Key Companies in the global Sericin market covered in Chapter 3:

LANXESS
Huzhou Aotesi Bio-chemical
Huzhou Xintiansi Bio-tech
Wuhan Yuancheng
Seidecosa
Specialty Natural Products Public Company Limited
Dadilan
DSM
Hangzhou Lin Ran
Hubei Hongxin Ruiyu
Hubei Wande

In Chapter 4 and Chapter 14.2, on the basis of types, the Sericin market from 2019 to 2030 is primarily split into:

Solid
Liquid

In Chapter 5 and Chapter 14.3, on the basis of Downstream Industry, the Sericin market from 2019 to 2030 covers:

Pharmaceuticals
Cosmetics and Personal Care
Textiles
Food

Geographically, the detailed analysis of consumption, revenue, market share and growth rate, historic and forecast (2019-2030) of the following regions are covered in Chapter 8 to Chapter 14:

North America (United States, Canada)
Europe (Germany, UK, France, Italy, Spain, Russia, Netherlands, Turkey, Switzerland, Sweden)
Asia Pacific (China, Japan, South Korea, Australia, India, Indonesia, Philippines, Malaysia)
Latin America (Brazil, Mexico, Argentina)
Middle East & Africa (Saudi Arabia, UAE, Egypt, South Africa)