Sericin Market

Inclination Towards Anti-Ageing Products to Strengthen the Sericin Market Over 2022-2032

The global sericin market is anticipated to value at US$ 303.6 million in 2022 and further expand at a CAGR of 5.8% to reach US$ 537.6 million by the end of 2032.

Sericin has a wide range of applications from cosmetics and personal care to the textile industry to the food industry. It also holds antioxidant power, and it prevents water loss by strengthening the skin barriers showing its moisturizing properties. Sericin-made products are effective in protecting the skin from environmental stresses, providing some dense level for anti-bacterial and natural protection from UV rays damage.

Report Attributes	Details
Sericin Market Size (2021A)	US$ 289.3 Million
Estimated Market Value (2022E)	US$ 303.6 Million
Forecasted Market Value (2032F)	US$ 537.6 Million
Global Market Growth Rate (2022-2032)	5.8% CAGR
North America Market Share (2021)	~30.5%
Asia Pacific Market Growth Rate (2022-2032)	~6.5% CAGR
United States Market Growth Rate (2022-2032)	~5.5% CAGR
Key Companies Profiled	DSM Huzhou Aotesi Biochemical Co., Ltd Hyundai Bioland Huzhou Aotesi Biochemical Co., Ltd., Lanxess Rita Corporation Seiren Co. Specialty Natural Products Co. Ltd

Comprehensive Sales Analysis: Historic to Futuristic

Depending on the form, sericin is available in solid as well as liquid forms. Sericin which is regarded as a silkworm waste has its demand arising from extensive utilization in the food, pharmaceuticals, molecular biology, cosmetics, and textile industries. Sericin is also found to be useful in reducing serum cholesterol levels and triglyceride levels by limiting tyrosinase enzyme, in addition to exhibiting anti-oxidant content.

Owing to numerous applications, and research being done to improve the efficiency of sericin extraction, the sericin market is expected to offer tremendous growth opportunities.

• Short Term (2022 to 2025): Rapid growing personal care & cosmetics market and its various properties will positively impact sericin market growth.
• Medium Term (2025-2028): Europe and Asia are anticipated to witness high sericin demand on the back of increasing expenditure on cosmetic products that are leading to a growing cosmetic industry.
• Long Term (2028-2032): Increasing use of sericin in pharmaceutical, food, and textile industries will drive the demand in the long run.

Over the 2017-2021 historical period, the global sericin market registered a CAGR of 3.1%, and according to the Fact.MR, a market research and competitive intelligence provider, the market is projected to exhibit growth at 5.8% CAGR between 2022 and 2032.

Market share analysis of sericin based on application and region is provided in a nutshell in the above image. Under the application segment, the personal care and cosmetics sub-segment dominates with a 64.9% market share in 2022.

“Personal Care & Cosmetics Industry: Providing Stage for Sericin Market”

Personal care & cosmetic products are becoming a trend and their use across the globe is spreading like wildfire. Sericin has been the trend as an essential ingredient in the manufacturing of cosmetics.

The key benefits of sericin in cosmetics are protective effects against UV radiation-induced skin damage and premature aging of the skin in the skin-care segment. Along with that, products of hair care and color cosmetics have also gained popularity which has a key ingredient as sericin.

The sericin extracts from silk are effectively and easily absorbed into the deep skin layer, maintaining the required hydration levels, while allowing antioxidants and amino acids to promote cell repairing, cell generating, and improving skin resilience and giving an outstanding appearance.

Cosmetics and personal care products are mostly in the form of liquids and powder while sericin provides the added benefit of being available in both of the mentioned reducing loss in properties through conversion. The demand across the globe has been rising and the cosmetics market is set to become the prominent market in consumer goods eventually elevating the demand for the sericin market.

“Numerous End-use Benefits Is Promoting the Sericin as Eye-catching Market”

Sericin is a biomolecule of explicit value as it has moisturizing, oxidative-resistant, antibacterial, and UV-resistant properties. Also, demand for pharmaceuticals has rampantly increased across the globe reciprocating to which there has been a rise in the production of sericin since the previous decade.

The majority demand for sericin is governed by pharmaceuticals and personal care & cosmetics contributing up to 65% of total Sericin demand. However, the textile and food industry is rising to contribute toward sericin demand and match resonance in the Sericin market. A wide-spread end-use spectrum of sericin across various domains including skin-care, hair-care, and color cosmetics in personal care & cosmetics to anti-oxygenation additives in the food industry has improved its supply throughout.

The significance of sericin in pharmaceuticals has been dominating with a range of targeted drug delivery, wound healing applications, and as a suitable carrier to proven potential to use for cancer drugs and also blood thinners which qualifies sericin to become an advanced solution for health benefits enhancing the market valuation.

The textile industry has been embracing the use of high molecular weight sericin peptides (greater than 20 kDa) which are used in medical biomaterials, degradable biomaterials, functional biomembranes, hydrogels, compound polymers, and functional fibers. Multiple industry application has been promoting the sericin market.

“Separation and Recovery Issues: Hindering the Sustainable Growth of Sericin Market”

The methods of separation and recovery of sericin as solid content from waste liquid silk sourcing have shown particular issues and also in the physical properties of recovered sericin.

Various conventional methods have been tried and tested comprising of partially hydrolyzing and eluted sericin contained in the silk through enzyme sourcing method or chemical sourcing method and recovering the sericin by adjusting the isoelectric point to a pH level of 4.5 to 5.0 with the addition of organic or inorganic acid and an organic or inorganic coagulant to precipitate sericin which is further separated and dried to get outcome as a powder.

Also, sericin can be precipitated by mixing solvents such as ethanol, methanol, or a similar aqueous solvent and then drying up the sericin separately to obtain a powder. Above mentioned methods have proved to be useful yet lack industrial competency, and from the viewpoint of economic recovery there has been a burden on the treatment of wastewater, and separation of sericin is difficult as it is produced as a precipitate.

The issues arising through this method have been hindering the long-term growth of the sericin market, while research institutes are coming up with various newer methodologies, the non-available robust separation and recovery of sericin still serve as a threat to its market growth.

Country-wise Insights

What is the Growth Scenario of the Sericin Market in the US?

Sericin consumption has increased considerably with the rise in demand for personal care & cosmetic products. Consumers are getting inclined toward cosmetic properties with anti-aging properties.

The US holds a prominent position in the cosmetics and pharmaceutical industry. Thus, the US is set to have a higher potential over the forecast period owing to the presence of a larger number of cosmetic product manufacturers and major pharmaceutical industries situated in the country.

Increased spending on personal care and beauty products is rising per individual as trends have noticed youngsters have been experiencing premature aging, wrinkles, dark circles, and fine lines, and products offering solutions to the mentioned are gaining huge market share and relative growth.

Apart from the cosmetic spending by individuals, there has been higher investment growth in the region, in the past half-decade and this is the prime reason which contributes to the escalating demand for sericin, utilized in cosmetic products.

Why is the China Highly Lucrative for Sericin Manufacturers?

China is the largest producer of silk. China accounts for around 80% of total global production with an annual production of 102,560 MT of raw silk. The extraction of sericin requires silk.

China has been pulling the demand for the personal care and cosmetics market because of the rising response from youth populations and trends of new fashion from the western culture. China is the prominent manufacturer of sericin due to the available abundance of silk and pre-existing market for silk fabrication. Exporting to countries of Europe and North America from Asia has been the flow of sericin across the globe.

Numerous sericin manufacturers have shifted their bases in or around China due to labor costs and ease of access to silk. Growing end-use industries such as pharmaceutical, textile, and personal care industries will further act as contributing factors to the growth of the sericin market.

The China market for sericin is projected to reach a valuation of US$ 27.6 million in 2022.

Category-wise Insights

Why is the Solid Form of Sericin Most Widely Used?

Silk is composed of two proteins fibroin and sericin. Sericin is generally thrown as waste after the degumming process of silk. Sericin can be made available in two forms solid and liquid depending on the extraction method employed.

Sericin available in solid form is preferred by the majority of industries owing to the flexibility of applications and easier availability.

The solid form of sericin is predicted to expand at a CAGR of about 5.8% owing to the demand from a bundle of end-user industries by the end of 2032.

How will Pharmaceutical Industry Drive the Demand for Sericin?

Sericin being a biocompatible material finds its usage as a component of pharmaceutical formulations for various biomedical applications such as anti-tumor, antimicrobials, and antioxidants among others owing to its inherent biological properties.

Sericin exhibits the ability to form gels, microparticles, and nanoparticles, offering stability by strong affinity to the drug molecules. The property of solubility enhancements, formulation stabilizers, and drug carriers is providing an exclusive application in pharmaceuticals.

When sericin is consumed as a dietary supplement, it reduces the level of triglyceride and serum cholesterols, adding to that it shows antioxidant properties as well.

Potential growth in pharmaceuticals will be the guiding light for the rise in the strength of the sericin global market.

Competitive Landscape

Prominent sericin manufacturers are DSM, Huzhou Aotesi Biochemical Co., Ltd, Hyundai Bioland, Huzhou Aotesi Biochemical Co., Ltd., Huzhou Xintiansi Bio-tech Co. Ltd, Lanxess, Rita Corporation, Seiren Co., and Specialty Natural Products Co. Ltd.

Players operating in the sericin market are trying and improve their availability and distribution network, to reach newer customers. Furthermore, companies are channeling an adequate amount of funds into research and development, so that sericin could be made available at comparatively competitive prices, improve their overall profit margin in the long run, and cater to a larger set audience base.

• In May 2022, Karnataka State Sericulture Research and Development Institute (KSSRDI) announced that they are planning to launch 12 sericin-based cosmetic products.
• In Sep 2020, DSM decided to sell its Resin & Functional Material Business to generate equity of about US$ 1.8 billion to remain focused in the fields of nutrition, health, and sustainable living. The Resin & Functional Material Business was acquired by Covestro.

Fact.MR has provided detailed information about the price points of key manufacturers of sericin positioned across regions, sales growth, production capacity, and speculative technological expansion, in the recently published report.

Segmentation of the Sericin Industry Research

• By Form:

  • Solid
  • Liquid

• By Application:

  • Personal Care & Cosmetics
    • Hair Care
    • Skin Care
    • Others
  • Pharmaceuticals
  • Others

• By Region:

  • North America
  • Latin America
  • Europe
  • East Asia
  • South Asia & Oceania
  • MEA