The Biosurfactants Global Market Report 2024 by The Business Research Company provides market overview across 60+ geographies in the seven regions – Asia-Pacific, Western Europe, Eastern Europe, North America, South America, the Middle East, and Africa, encompassing 27 major global industries. The report presents a comprehensive analysis over a ten-year historic period (2010-2021) and extends its insights into a ten-year forecast period (2023-2033).
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According to The Business Research Company’s Biosurfactants Global Market Report 2024, 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.
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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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
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.
The biosurfactants market report table of contents includes:
1. Executive Summary
2. Biosurfactants Market Characteristics
3. Biosurfactants Market Trends And Strategies
4. Biosurfactants Market – Macro Economic Scenario
5. Global Biosurfactants Market Size and Growth
…
31. Global Biosurfactants Market Competitive Benchmarking
32. Global Biosurfactants Market Competitive Dashboard
33. Key Mergers And Acquisitions In The Biosurfactants Market
34. Biosurfactants Market Future Outlook and Potential Analysis
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