The Indian sericulture market size reached INR 531.1 Billion in 2023. Looking forward, the market is projected to reach INR 1,994.6 Billion by 2032, exhibiting a growth rate (CAGR) of 15.84% during 2023-2032.
Sericulture refers to the art of rearing silkworms for the production of silk. India is currently the world’s second largest producer of raw silk and the largest consumer of raw silk and silk fabrics.
The market for silk in India is driven by both exports and a very strong domestic demand. Fabrics made up of silk are quite popular in the domestic market during ceremonies, religious rituals, weddings, festivals, etc. Silk is used as a raw material for the manufacturing of both garments such as suites, sarees, etc. as well as in products such as curtains, bed sheets, pillow covers etc. Although silk is currently regarded as a luxury item in India with its price being significantly higher than other fabrics, we expect a continuous increase in disposable incomes to increase the consumption of silk fabrics in the country.
This report provides a deep insight into the Indian sericulture market covering all its essential aspects. This ranges from macro overview of the market to micro details of the industry performance, recent trends, key market drivers and challenges, SWOT analysis, Porter’s five forces analysis, value chain analysis, etc. This report is a must-read for entrepreneurs, investors, researchers, consultants, business strategists, and all those who have any kind of stake or are planning to foray into the Indian sericulture market in any manner.
Sericulture refers to the art of rearing silkworms for the production of silk. India is currently the world’s second largest producer of raw silk and the largest consumer of raw silk and silk fabrics.
The market for silk in India is driven by both exports and a very strong domestic demand. Fabrics made up of silk are quite popular in the domestic market during ceremonies, religious rituals, weddings, festivals, etc. Silk is used as a raw material for the manufacturing of both garments such as suites, sarees, etc. as well as in products such as curtains, bed sheets, pillow covers etc. Although silk is currently regarded as a luxury item in India with its price being significantly higher than other fabrics, we expect a continuous increase in disposable incomes to increase the consumption of silk fabrics in the country.
Key Market Segmentation
This report provides an analysis of the key trends in each sub-segment of the Indian sericulture market report, along with forecasts at the country and state level from 2024-2032. The report has categorized the market based on segment, domestic production & imports and application.Breakup by Segment:
- Mulberry
- Vanya
- Tasar
- Eri
- Muga
Breakup by Domestic Production and Imports:
- Domestic Production
- Imports
Breakup by Application:
- Natural Silk Yarns, Fabrics, Made ups
- Readymade Garments
- Silk Carpets
- Others
Breakup by State:
- Mulberry Silk
- Karnataka
- Andhra Pradesh and Telangana
- West Bengal
- Tamil Nadu
- Others
- Vanya Silk
- Assam
- Jharkhand
- Meghalaya
- Nagaland
- Others
Competitive Landscape
The competitive landscape of the market has also been examined in the report.This report provides a deep insight into the Indian sericulture market covering all its essential aspects. This ranges from macro overview of the market to micro details of the industry performance, recent trends, key market drivers and challenges, SWOT analysis, Porter’s five forces analysis, value chain analysis, etc. This report is a must-read for entrepreneurs, investors, researchers, consultants, business strategists, and all those who have any kind of stake or are planning to foray into the Indian sericulture market in any manner.
Key Questions Answered in This Report
- How has the Indian sericulture market performed so far and how will it perform in the coming years?
- What has been the impact of COVID-19 on the Indian sericulture market?
- What is the breakup of the Indian sericulture market on the basis of various segments?
- What is the breakup of the Indian sericulture market on the basis of domestic production and imports?
- What is the breakup of the Indian sericulture market on the basis of application?
- What is the breakup of the Indian sericulture market on the basis of various states?
- What are the various stages in the value chain of the Indian sericulture market?
- What are the key driving factors and challenges in the Indian sericulture market?
- What is the structure of the Indian sericulture market and who are the key players?
- What is the degree of competition in the Indian sericulture market?
Table of Contents
1 Preface3 Executive Summary11 Competitive Landscape
2 Scope and Methodology
4 Introduction
5 Indian Sericulture Market
6 Market Breakup by Segment
7 Market Breakup by Domestic Production and Imports
8 Market Breakup by Application
9 Market Breakup by State
10 Silk Manufacturing Process
List of Figures
List of Tables
Methodology
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Table Information
| Report Attribute | Details |
|---|---|
| No. of Pages | 115 |
| Published | April 2024 |
| Forecast Period | 2023 - 2032 |
| Estimated Market Value ( INR | INR 531.1 Billion |
| Forecasted Market Value ( INR | INR 1990 Billion |
| Compound Annual Growth Rate | 15.8% |
| Regions Covered | India |
