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Biosurfactants Global Market Report 2024 by The Business Research Company | AGAE Technologies, Biotensidon GmbH, Croda International plc, Dispersa Inc., Evonik Industries AG, GlycoSurf Inc., Holiferm Ltd., Jeneil Biotech Inc., Kemin Industries Inc., Lion
Biosurfactants Market Size And Growth
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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Biosurfactants Market Major Segments
The biosurfactants market covered in this report is segmented -
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
Key Driver - Biosurfactants Market A Growing Demand In Personal Care Industries
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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Prominent Trend - Technological Development Driving Growth In Biosurfactant Market
Technological development is a key trend gaining popularity in the biosurfactant market. The companies operating in the biosurfactant sector are investing in the development of new biosurfactants to meet the technical demands of different end-use industries across the globe. For instance, in March 2022, Evonik Industries, a Germany-based manufacturer of specialty chemicals, launched Rewoferm RL 100 Biosurfactant to meet the growing demand for low-emission and low-impact cleaning products. Rewoferm RL 100 Biosurfactant is manufactured from locally sourced feedstocks and offers effective cleaning performance.
Biosurfactants Market Players
Major companies operating in the biosurfactants market include AGAE Technologies, Biotensidon GmbH, Croda International plc, Dispersa Inc., Evonik Industries AG, GlycoSurf Inc., Holiferm Ltd., Jeneil Biotech Inc., Kemin Industries Inc., Lion Corporation, Rhamnolipid, Saraya Mystair Hygiene Pvt. Ltd., Stepan Company, TensioGreen Corp., Victex plc, AlgaEnergy, Al Zaabi Group, Inse India AquaFUELs Pvt Ltd, Biotrem Labs, Diversey Holdings Ltd., Ecover Group, GEA Group, Global Green Chemicals Public Company Limited, Glyconova, Innospec Inc., Lipofoods, Locus Fermentation Solutions, Metgen Oy, MG Intobio Co. Ltd., Oqema Group, Procter & Gamble, R-Biopharm AG
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Largest And Fastest Growing Region In The Market
Western Europe was the largest region in the biosurfactants market in 2023. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the biosurfactants market report include Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East and Africa.
The Table Of Content For The Market Report Include:
1. Executive Summary
2. Biosurfactants Market Report Structure
3. Biosurfactants Market Trends And Strategies
4. Biosurfactants Market - Macro Economic Scenario
5. Biosurfactants Market Size And Growth
…..
27. Biosurfactants Market Competitor Landscape And Company Profiles
28. Key Mergers And Acquisitions
29. Future Outlook and Potential Analysis
30. Appendix
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