Extensive studies have been conducted on utilising natural fibres as reinforcement in composite production. All-polymer composites have attracted much attention because of their high strength, enhanced interfacial bonding and recyclability. Silks, as a group of natural animal fibres, possess superior properties, including biocompatibility, tunability and biodegradability. However, few review articles are found on all-silk composites, and they often lack comments on the tailoring of properties through controlling the volume fraction of the matrix. To better understand the fundamental basis of the formation of silk-based composites, this review will discuss the structure and properties of silk-based composites with a focus on employing the time–temperature superposition principle to reveal the corresponding kinetic requirements of the formation process. Additionally, a variety of applications derived from silk-based composites will be explored. The benefits and constraints of each application will be presented and discussed. This review paper will provide a useful overview of research on silk-based biomaterials.