LAMEA Silk Market Size, Share & Industry Trends Analysis Report By End User (Textile and Cosmetics & Medical), By Type (Mulberry Silk, Eri Silk, Tussar Silk, and Others), By Country and Growth Forecast, 2022 - 2028
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Market Report Description
The Latin America, Middle East and Africa Silk Market would witness market growth of 10.7% CAGR during the forecast period (2022-2028).
Biodegradability, also referred to as biodegradation is the capacity to be broken down by biological processes, such as bacteria, fungus, and cells. Two common enzymes for degrading silk are protease XIV and -chymotrypsin from bovine pancreases. Gamma rays and cell metabolism can both controls how quickly silk breaks down.
Silk has some advantages over synthetic biomaterials like polyglycolides and polylactides in terms of biodegradation. Silk is not affected by the acidic degradation products of polylactides and polyglycolides, which will lower the pH of the surrounding environment and negatively affect cellular metabolism. The primary driver of the rise of the silk market is the quickly rising demand for silk protein in industries including cosmetics and care products, textiles, pharmaceuticals, and nutraceuticals.
With the advent of silk protein in cosmetic products, the demand for oligopeptides and other beneficial ingredients, such as the plentiful amino acids present in silk protein, is expected to increase among producers of cosmetics and the medical sector. These ingredients are already being swiftly implemented into the composition of cosmetic products like hand cream, shampoo, creams, and serum.
The Middle East and Africa have significant growth potential. The third-largest market for protective clothing is the United Arab Emirates. Factors like these have boosted the confidence of manufacturers in considering these regions as a promising market. This has also the overall development of the silk market in the region.
The Brazil market dominated the LAMEA Silk Market by Country in 2021; thereby, achieving a market value of $429.5 million by 2028. The Argentina market is exhibiting a CAGR of 11.3% during (2022 - 2028). Additionally, The UAE market would exhibit a CAGR of 10.4% during (2022 - 2028).
Based on End User, the market is segmented into Textile and Cosmetics & Medical. Based on Type, the market is segmented into Mulberry Silk, Eri Silk, Tussar Silk, and Others. Based on countries, the market is segmented into Brazil, Argentina, UAE, Saudi Arabia, South Africa, Nigeria, and Rest of LAMEA.
Free Valuable Insights: The Global Silk Market is Predict to reach $25.4 Billion by 2028, at a CAGR of 8%
The market research report covers the analysis of key stake holders of the market. Key companies profiled in the report include AMSilk GmbH, Bolt Threads, Anhui Silk Co. Ltd., Wujiang First Textile Co., Ltd., Zhejiang Jiaxin Silk Co., Ltd., Shengkun Silk Manufacturing Co., Ltd., Wujiang Wanshiyi Silk Co. Ltd. and Libas Textiles Ltd. (Fresh Group of Companies).
Scope of the Study
Market Segments Covered in the Report:
By End User
- Cosmetics & Medical
- Mulberry Silk
- Eri Silk
- Tussar Silk
- Saudi Arabia
- South Africa
- Rest of LAMEA
Key Market Players
List of Companies Profiled in the Report:
- AMSilk GmbH
- Bolt Threads
- Anhui Silk Co. Ltd.
- Wujiang First Textile Co., Ltd.
- Zhejiang Jiaxin Silk Co., Ltd.
- Shengkun Silk Manufacturing Co., Ltd.
- Wujiang Wanshiyi Silk Co. Ltd.
- Libas Textiles Ltd. (Fresh Group of Companies)
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