Europe Silk Market Size (2024 to 2029):

The silk market in Europe is growing steadily and is expected to witness a 6.4% CAGR between 2024 and 2029. The European silk market is predicted to value USD 4.60 billion by 2029 from USD  billion in 2023 due to its high demand and growing usage in healthcare and cosmetics.

Marker Overview:

Improvement in the quality of silk has been one of the major driving forces in the silk industry. The textile market is growing fast in the European region. This is also supported by the growing fashion industry in the abovementioned region. A lot of investments have been made, and silk is considered one of the finest fibres available.

Healthcare and cosmetic sectors are also using silk as a raw material for their products, which has also led to the promotion of sales in the silk industry. Silk has been extensively used in the production of T-shirts, robes, formal dresses, etc., and this has imposed significant growth in the European industry.

One of the major reasons why the growth of the industry comes to a halt is because the availability of the material is not stable. This leads to volatility in prices and thus slows down the overall market development.

Market Segmentation:

Europe Silk Market – By Type:

• Mulberry silk
• Tussar Silk
• Eri silk

Europe Silk Market – By Application:

• Textile
• Cosmetics
• Medical

The textile segment is the fastest-growing segment in the Europe silk market. This is because of the extensive usage of silk in the industry. Many clothing brands have opted for silk as their main fiber for their products. This helps them to improve their product portfolio.   
Cosmetics is also a promising sector that is leading to further expansion of the silk industry. With the advancement in technology and with different fashion preferences, the silk industry is projected to grow at a high rate in the European region. Silk fibroin - a natural protein is used as a raw material for various cosmetic products. Silk is increasingly adopted in cosmetic creams, lotions, cleansing foam, shampoo, liquid soap, conditioners, and nail enamel.

Europe Silk Market – By Country:

• UK
• France
• Spain
• Germany
• Italy
• Russia
• Sweden
• Denmark
• Switzerland
• Netherlands

Italy has traditionally been the largest importer of silk in Europe. Most of these imports are from China which is the global leader in silk production. However, these imports have gone down in the past few years. France is another country that has a significantly big global silk processing industry. For domestic consumption, Lyon has been producing the highest quality silk fabrics. The majority of the imports in France are from the United States.

Impact of COVID-19 on the Europe silk market:

COVID-19 has exposed severe challenges for the silk market by impacting the textile and cosmetic industries. Major economies of Europe are affected by this pandemic; however, the silk market has managed to remain stable in this period due to the people buying healthcare products such as masks in bulk amidst the pandemic. The demand increased within this period and people grew more aware of personal hygiene. The cosmetic and textile industry suffered initially due to a lack of demand and thus production, but it has been compensated fairly by the growing demand for healthcare products.  France and Italy, which are the biggest regional presence in the European market were also affected severely by the ongoing pandemic.

Market Key Players:

1. Bolt Threads Inc.
2. P AMSilk GmbH
3. First Textile Co.
4. Kraig Biocraft Laboratories, Inc.
5. RADICAL CHIC (OPEN FABRICS COMPANY, LLC).