United States Silk Market to Grow at 3.2% CAGR Through 2031 | Asia-Pacific Leads with 65% Share | Key Players: Eastern Silk Industries, Eris Global LLP, Anhui Silk, Zhejiang China Ting Jincheng Silk

Market Overview

The Global Silk Market is projected to grow at a CAGR of 3.2% during the forecast period 2024-2031. Mulberry silk dominates global production, accounting for the majority of commercially produced silk, with governments promoting its cultivation to meet rising demand. While China remains the largest silk producer, India's climatic conditions are particularly favorable for mulberry silk cultivation, offering significant growth potential.

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The silk market is segmented by type, application, and geography. Types include mulberry silk, eri silk, Tasar silk, Muga silk, and others, while applications span textiles, cosmetics, medical uses, and more. Geographically, the market is divided into North America, South America, Europe, Asia Pacific, and the Rest of the World. Growth in the textile industry across developing economies, coupled with rising consumer spending power and the luxurious, user-friendly properties of silk, is driving higher consumption compared to other materials. The global silk market is partially consolidated, with major, medium, and small-scale players predominantly located in the Asia Pacific, particularly in China and India, which together account for a significant share of global production and exports.

Recent Developments

✅ January 2026: A leading textile conglomerate launched a new eco‐friendly silk fabric line using low‐impact dyeing technologies and organic mulberry cultivation, aimed at sustainable fashion brands and luxury apparel markets.

✅ December 2025: India's Ministry of Textiles introduced an expanded Silk Samagra 3.0 program, increasing financial incentives for mulberry growers and silk producers, and integrating AI‐based yield prediction tools to improve sericulture output and quality.

✅ October 2025: A major Chinese silk exporter unveiled a blockchain‐enabled traceability platform for raw silk and finished products, allowing consumers and buyers to track silk from farm to final garment, enhancing transparency and ethical sourcing.

✅ August 2025: A European fashion house announced a strategic partnership with an Indian silk cooperative to co‐develop premium silk collections that blend traditional craftsmanship with contemporary design, boosting rural income and export value.

✅ June 2025: A research consortium in Japan announced successful pilot production of bioengineered silk proteins for use in cosmetic and biomedical applications, opening new high‐value markets for silk beyond textiles.

Mergers & Acquisitions

✅ January 2026: A leading Asia‐Pacific textile group acquired a mulberry silk farming cooperative in India to secure raw silk supply, integrate upstream operations, and enhance quality control for premium silk yarn production.

✅ November 2025: A European luxury fabric manufacturer merged with a Chinese silk processing firm, strengthening its access to raw materials and expanding its distribution network across Europe and Asia.

✅ September 2025: A major apparel conglomerate acquired a value‐added silk product company specializing in silk‐based cosmetics and wellness materials, diversifying its product portfolio beyond traditional textiles.

✅ July 2025: An Indian silk exporter formed a strategic acquisition of a technology provider focused on automated reeling and smart sericulture equipment, aimed at improving production efficiency and reducing labor dependency.

✅ May 2025: A North American sustainable fabrics company merged with a biotech startup developing bioengineered silk proteins for medical and cosmetic applications, broadening its footprint in high‐value specialty silk markets.

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Key Players:

Eastern Silk Industries holds an estimated 12% market share, followed by Eris Global LLP with around 10%. Anhui Silk and Zhejiang China Ting Jincheng Silk Co. Ltd each contribute approximately 9% of the market.

Bolt Threads Inc., focusing on bioengineered silk, has captured about 6% of the global market. Other notable players include The Ethical Silk Company (5%), Hellenic Silk Company (4%),

Chamundi Textiles (3%), Hangzhou Zhigeng Silk Co., Ltd (7%), and Ongetta Srl Unipersonale (3%).

The remaining 33% of the market is shared among smaller regional and local producers. Collectively, these players drive innovation, product diversification, and expansion in textiles, cosmetics, and medical applications.

Market Segmentation

By Type, Mulberry Silk dominates the global silk market with an estimated 65% share, driven by its high quality, softness, and widespread use in textiles. Eri Silk accounts for approximately 12%, valued for its durability and eco-friendly production. Tasar Silk holds around 8%, primarily used in handlooms and regional textiles. Muga Silk, produced mainly in India, represents 5% of the market due to its exclusivity and premium positioning. The remaining 10% is contributed by other silk types, including hybrid and specialty silks used in niche applications.

By Application, the Textile segment leads with an estimated 70% market share, reflecting the extensive use of silk in clothing, fashion, and home textiles. Cosmetics accounts for around 15%, driven by innovations in silk-based skincare, serums, and beauty products. Medical applications contribute approximately 10%, including silk for surgical sutures, tissue engineering, and drug delivery systems. The remaining 5% is attributed to other applications, such as industrial uses and accessories.

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Regional Insights:

The Asia-Pacific region dominates the global silk market, accounting for approximately 65% of the total market share. This is largely driven by major silk producers like China and India, which contribute to around 90% of global silk production. Favorable climatic conditions, government support for sericulture, and a strong presence of textile manufacturing hubs underpin this dominance. China alone contributes about 50% of the global silk output, while India accounts for nearly 20%, with significant production of mulberry, eri, and muga silk varieties.

Europe holds around 15% of the global market, primarily fueled by luxury textile demand and high-value fashion applications in countries like Italy and France. The North American market contributes approximately 10%, driven by premium fashion, medical applications, and increasing demand for silk-based cosmetic products.

Market Growth Trends:

The global silk market is poised for steady growth, primarily driven by the increasing demand for silk in the textile industry, evolving fashion trends, and rising purchasing power in emerging economies. China and India are expected to be the key growth engines, with both markets growing at double-digit rates in the coming years. China is projected to become the largest apparel market globally, while India is set to emerge as the second most attractive apparel market, further boosting silk demand.

Silk's inherent qualities being a natural, sustainable, all-climate fabric, skin-friendly, durable, and healthy enhance its appeal over synthetic materials. The rising textile industry in developing economies, coupled with improving consumer disposable income, supports greater silk adoption in clothing, home textiles, and high-end fashion segments.

However, the market faces challenges due to high dependency on China for raw silk, which accounts for nearly 50% of global production, and the higher cost of silk compared to alternative fibers. These factors may restrain widespread adoption in cost-sensitive markets, even as demand continues to grow in premium and luxury segments.

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