Sophorolipid Market Projected to Garner Significant Revenues by 2027

The sophorolipid market was valued at US$ 374.85 million in 2019 and is projected to reach US$ 547.02 million by 2027; it is expected to grow at a CAGR of 5.0% from 2020 to 2027.

A sophorolipid is known as a surface-active glycolipid compound that can be synthesized by a selected number of nonpathogenic yeast species. They are potential bio-surfactants owing to their biodegradability and low eco-toxicity. Sophorolipid are commercially produced from vegetable oil and glucose by additing anon-pathogenic yeast, called Candida bombicola. The demand for sophorolipid is increasing from many end-use industries such as oil and energy, agriculture, chemical, pharmaceutical, medical and healthcare, and consumer goods; therefore, this sophorolipid market is booming rapidly.

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The Prominent/Emerging Players in the Sophorolipid Market Research includes:

• Allied Carbon Solutions Co.,Ltd
• Givaudan
• Holiferm
• Saraya Co., Ltd
• Mg Intobio Co., Ltd

Our expert team is consistently working on updated data and information of key player's related business processes which values the market. For future strategies and predictions, we provide special section regarding covid-19 situation.

The Covid-19 (coronavirus) pandemic is impacting society and the overall economy across the world. The impact of this pandemic is growing day by day as well as affecting the supply chain. The COVID-19 crisis is creating uncertainty in the stock market, massive slowing of supply chain, falling business confidence, and increasing panic among the customer segments. The overall effect of the pandemic is impacting the production process of several industries. This report on 'Sophorolipid Market' provides the analysis on impact on Covid-19 on various business segments and country markets. The reports also showcase market trends and forecast to 2028, factoring the impact of Covid -19 Situation.

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Market Segmentation:

by Type (Lactonic Sophorolipid and Acidic Sophorolipid) and Application (Household Detergents, Personal Care, Industrial & Institutional Cleaners, Food Processing, Oilfield Chemicals, and Others)

Market Dynamics

The growth in Sophorolipid market is characterized by increasing demand for decorative ceramic tiles from the construction industry. Another factor driving the Sophorolipid market is increased knowledge among the consumers about the improved aesthetic appeal of tiles and international premium interior design products. However, huge costs are involved in shifting from analog technology to digital technology stands as an obstruction in the path of development of the market. Rapid increments in the number of construction projects in the emerging economies is a crucial factor responsible for the growth of the Sophorolipid market in the near future.

Key Reasons to Purchase this Report:

• To provide detailed information regarding the major factors influencing the growth of the Sophorolipid Market with Impact of COVID-19 (Drivers, Restraints, Opportunities, and Challenges) SWOT and PEST
• To forecast the market size, in terms of value, with regard to 4 main regions - Asia Pacific (APAC), Europe, North America, and Rest of the World (ROW) - along with their respective countries

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This release was published on openPR.