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Biosurfactants Market Competitive Landscape, Segmentation, Key Players, Industry Analysis, And Forecast To 2033
Biosurfactants Market Analysis
Furthermore, the report highlights on emerging trends, significant drivers, challenges, and opportunities, providing all necessary data for thriving in the biosurfactants industry. This report on biosurfactants market research offers a comprehensive perspective, including an in-depth analysis of the present and future scenarios within the industry.
Market Sizing:
The biosurfactants market size has grown strongly in recent years. It will grow from $4.44 billion in 2023 to $4.85 billion in 2024 at a compound annual growth rate (CAGR) of 9.2%. The growth in the historic period can be attributed to growth in pharmaceuticals industry, rise in demand for cosmetics, rise in environmental concerns, increased demand for eco-friendly solutions, emerging markets.
The biosurfactants market size is expected to see strong growth in the next few years. It will grow to $6.87 billion in 2028 at a compound annual growth rate (CAGR) of 9.1%. The growth in the forecast period can be attributed to increasing research and development activities, shift towards clean energy, increasing demand from the agriculture industry, rise in disposable income. Major trends in the forecast period include tailored biosurfactants, bioremediation applications, collaborations and partnerships, antimicrobial biosurfactants, carbon footprint reduction.
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Key Market Players:
AGAE Technologies, Biotensidon GmbH, Croda International PLC, Dispersa Inc., Evonik Industries AG, GlycoSurf Inc., Holiferm Ltd. are prominent players in the biosurfactants industry.
Market Drivers:
According to the Biosurfactants Market Report 2024 by The Business Research Company, The increase in demand for personal care industries across the globe is likely to contribute to the growth of the biosurfactant market in the cosmetic and personal care industries. Biosurfactants are used in the manufacturing of personal care products due to their high biodegradability, low toxicity, multi-functionality, environmental capability, and other factors. Moreover, biosurfactants can be used as wetting agents, solubilizers, dispersants, foaming agents, cleaners, detergents, and emulsion-forming agents. According to the study published by Nielsen Holdings, a USA-based data and market measurement firm, the sales of health, personal care, and beauty products are expected to increase from $53.12 billion in 2019 to $99.12 billion in 2023. Thus, the rapid growth in the personal care sector is expected to boost demand for biosurfactants during the forecast period.
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Market segments for biosurfactants include:
1) By Product Type: Glycolipid, Phospholipids, Surfactin, Lichenysin, Polymeric Bio-surfactants, Other Product Types
2) By Application: Detergents, Personal Care, Food Processing, Agricultural Chemicals, Other Applications
The report answers the following questions:
What are the primary factors propelling the market during the projected period?
In which region is the most substantial growth expected?
Which trend will take center stage in the upcoming period?
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