250 Pages Sericin Market Survey by Fact MR, A Leading Business and Competitive Intelligence Provider
Latest industry survey by Fact MR, predicts Sericin sales to swell at propelled CAGR through 2031, as chemical and materials sales gradually recover post disruptions caused by COVID-19. The report is aimed at furnishing insights into hidden growth opportunities and challenges. It also provides recommendations to aid businesses prep for unforeseen challenges.
The market intelligence study therefore includes demographics analysis so market players can plan their product and marketing strategy. It offers sales outlook in 20+ countries. It identifies the most lucrative segments to assist companies in creating winning strategies for future.
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Sericin is a type of protein produced by Bombyx mori (silkworms) during the production of silk. Sericin and fibroin are the two main proteins of silk emitted by silkworms. Fibroin is the structural centre of silk and sericin is the sticky material surrounding it. Silk producers typically strip this protein from the raw fibre and discard it, a method known as degumming. Sericin, however, has important biological properties that allow its application in various fields.
The report offers actionable and valuable market insights of Sericin. The latest report by Fact.MR provides details on the present scenario of the market across various regions along with the historic data and forecast of the market. The report also includes information on the sales and demand of Sericin Market across various industries and regions.
The market study done by Fact.MR gives exclusive information about how the market will grow. The study identifies crucial trends that are determining the growth of Sericin market. This newly published report sheds light on vital dynamics, such as the drivers, restraints, and opportunities for key market players as well as emerging players associated with the production and supply. The latest report by Fact.MR provides detailed Market Analysis of Sericin
This newly published and insightful report sheds light on Market Insights of Sericin, key dynamics, their impact on the overall value chain from suppliers to end-users and Growth of Sericin Market.
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Key Segments Covered
-
Form
- Solid
- Liquid
-
Application
- Personal Care & Cosmetics
- Hair Care
- Skin Care
- Others
- Pharmaceuticals
- Others
- Personal Care & Cosmetics
-
Region
- North America
- Latin America
- Europe
- Asia Pacific
- Middle East & Africa
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Competitive Landscape
These aforementioned players rely on a blend of organic and inorganic strategies to deepen penetration across lucrative markets. These strategies include product launches, collaborations with key players, partnerships, acquisitions, and strengthening of regional and global distribution networks.
- For instance, DSM divested its resin and functional material business to generate equity of around US$ 1.7 Bn, and remain focussed on the field of nutrition, health, and sustainable living.
Similarly, recent developments related to companies manufacturing sericin have been tracked by the team at Fact.MR, which is available in the full report.
Key Takeaways from Market Study
- The sericin market is anticipated to add 1.8X value by 2031 as compared to 2021.
- Personal care & cosmetic applications capture a major share, equivalent to two-third of the global sericin market, and are set to create an absolute $ opportunity of around US$ 149.3 Mn over 2021-2031.
- The skincare segment is anticipated to gain around 179 BPS over the next ten years.
- Solid sericin is anticipated to gain around 3.2 BPS over the forecast period, and create an absolute $ opportunity of around US$ 155 Mn by 2031.
- Europe is set to dominate market revenue, and is expected to gain 72 BPS in its market share by 2031.
- However, Asia Pacific is poised to be the growth hotspot over the forecast period, and is expected to create an absolute $ opportunity of around US$ 61 Mn by 2031.
- The market in China and India is set to expand at high CAGRs of 7% and 7.5%, respectively.
- Due to the onset of COVID-19, market growth (-0.1%) was hit in 2020; however, sales are increasing and the growth rate for 2021 is pegged at around 5%.
“Plethora of researches to improve extracted sericin quality and identify newer use cases are expected to aid market growth,” says a Fact.MR analyst.
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Report Benefits & Key Questions Answered
- Sericin Company & brand share analysis: The report offers brand-share analysis on Sericin market to offer a more in-depth competition deep-dive. This is intended at assisting companies at proactive long-term planning.
- Sericin Historical volume analysis: Factors affecting sales in the past are analyzed in detail. The report also offers comparative analysis between growth trajectory exhibited in 2016-2020 and 2021-2031.
- Sericin Category & segment level analysis: To offer a comprehensive analysis, the market identifies leading segments and highlights chief factors enabling growth across these categories.
- Sericin Consumption by demographics: The demographic analysis is intended at providing recommendations to companies to help them create growth strategies around dynamic consumption patterns.
- Sericin Manufacturing trend analysis: Manufacturing trend analysis is the key highlight of the study. It offers vital data on strategies adopted by market players to align their manufacturing strategies as per prevailing market trends.
- Post COVID consumer spending on Sericin: The survey offers a chapter dedicated to analyzing post COVID consumer behavior. Changes in their spending pattern are carefully analyzed to offer insights into potential impact on Sericin sales.
More Valuable Insights on Sericin Market
Fact.MR, in its new report, offers an unbiased Market Analysis of Sericin, Sales and Demand of Sericin, analyzing forecast statistics through 2019 and beyond. The study reveals growth projections on the basis of various criteria.
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