CAGR: 5.9%Current Market Size: USD 1,903.0 MillionFastest Growing Region: North America
Largest Market: EuropeProjection Time: 2021-2028Base Year: 2020
The global biosurfactants market is expected to grow from USD 1,903.0 Million in 2020 to USD 3,408.7 Million by 2028, at a CAGR of 5.9% during the Projection period 2021-2028. This growth of the Global biosurfactants market is significantly driven by rising consumer demand and awareness about bio-based products coupled with the eco-friendly quality of biosurfactants.
Biosurfactants are surface-active substances that can be produced extracellularly or are synthesized by microorganisms. They are molecules derived from microorganisms and possess both hydrophobic and hydrophilic ends. Several microorganisms including Acinetobacter sp., Candida Antarctica, Bacillus sp, and Pseudomonas aeruginosa are used for producing the biosurfactants. They offer benefits such as low toxicity, biodegradability, better surface, environmentally friendly, and interfacial activity. Such advantages over synthetic surfactants attract several surfactant manufacturers to enter in biosurfactant market.
“Biosurfactants market is expected to see a boost driven by the rising demand for ecofriendly products”
Moreover, biosurfactants are finding wide-ranging applications across agriculture, medicine, industrial, and petroleum sectors. For instance, they have become the potential replacements for synthetic surfactants in industrial processes, such as lubrication, softening, wetting, fixing dyes, stabilizing dispersions, preventing foaming, making emulsions, foaming, as well as in the food and biomedical & pharmaceutical industry.
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Market Dynamics
Drivers:
In Europe and North America, considerable growth has been observed in consumer awareness as well as preference regarding the use of bio-based products. The biosurfactant’s properties such as non-toxic, environmentally friendly, and biodegradability primarily create consumer demand for bio-based products. In addition to this, biosurfactants are offering advantages over synthetic surfactants, which is further fueling its demand.
Applications associated with personal care, soaps & detergents, and industrial cleaning are creating demand for biosurfactants. In addition to this, synthetic surfactants in number of industrial processes, such as lubrication, making emulsions, wetting, stabilizing dispersions, softening, foaming, fixing dyes, and preventing foaming are also being replaced by biosurfactants, fueling the market growth.
Restraints:
Regardless of its properties as well as a potential application across extensive industrial and environmental processes, biosurfactants are yet not much cost-competitive when compared with their synthetic counterparts. In addition, the production of biosurfactants includes high costs, hindering the growth of the market.
Opportunities:
The production cost of biosurfactant is higher than that of its synthetic counterparts, this increases the demand for synthetic surfactants. However, for the production of biosurfactants agro waste can be used. There is emerging usage of agro industrial wastes such as banana peel which can reduce the biosurfactants production costs.
Challenges:
Owing to the unprecedented crisis of COVID-19, a number of countries have employed nationwide lockdowns. However, as they are reopening, safety measures such as social distancing are still being applied. This has caused a significant economic downturn across the globe. Due to slowdown in industrial activities and consumer markets, the surfactants industry has been impacted. Hence, the emergence of the COVID-19 pandemic has posed challenges to the global biosurfactants market.
Segmentation Analysis
“The global biosurfactants market has been segmented based on type, application, and region”
By Type
The glycolipids segment led the by type market for Global Biosurfactants
By Application
Detergents segment held the largest market share by application
By Regional Analysis
The regions analyzed for the Global biosurfactants market include North America, Europe, South America, Asia Pacific, and the Middle East, and Africa. The European region dominated the Global biosurfactants market and held the 39.40% share of the market revenue in 2020.
Key Industry Players Analysis
“Key market players are focusing on new strategies to improve their market position”
The key players of the Global Biosurfactants market are concentrating on creating new strategies to improve their market position such as product innovations, adopting new technology, mergers & acquisitions, alliances, joint venture, and partnerships to improve their market position in the global biosurfactants industry.
For instance, In November 2020, Givaudan SA, a Swiss multinational manufacturer of fragrances, flavors, and active cosmetic ingredients, and Novozymes announced a research partnership for the development of synergistic innovative technologies and ingredients for customers.
In October 2020, Croda International Plc. (Croda) officially announced the launch and certification of its ECO range of bio-based surfactants. This launch is aimed to meet the increasing demand for sustainable and high-performance ingredient options.
In August 2018, Givaudan SA, a Swiss multinational manufacturer of fragrances, flavors, and active cosmetic ingredients partnered with Synthite for the development of innovative natural ingredients for its Fragrance business.
Latest Development
Report Metrics
Report Attribute |
Details |
Projection period |
2021-2028 |
Base year considered |
2020 |
CAGR (%) |
5.9% |
Market Size |
1,903.0 million |
Projection unit |
Value (USD) |
Segments covered |
Type, Application, Region |
Report Scope |
Revenue Projection, competitive landscape, company ranking, growth factors, and trends |
Companies covered |
BASF (Cognis), AkzoNobel N.V.,Evonik Industries AG, Lion Corporation, Ecover, Jeneil Biotech, Inc., Givaudan SA (Soliance), Croda International PLC, Daqing VICTEX Chemical Industries Co., Ltd., Henkel Corporation, Kao Corporation, Biotensidon GmbH, and Boruta Zachem SA among others |
By Type |
|
By Application |
|
Regional scope |
|
Scope of the Report
Global Biosurfactants Market by Type:
Global Biosurfactants Market by Application:
Global Biosurfactants Market by Region:
Global Biosurfactants market is expected to reach USD 3,408.7 million by 2028, at a CAGR of 5.9% from 2021 to 2028.
The regions analyzed for the Biosurfactants market include North America, Europe, South America, Asia Pacific, and the Middle East, and Africa.
The global Biosurfactants market has been segmented based on type, application, and regions.
leading market players active in the global biosurfactants market are BASF (Cognis), AkzoNobel N.V., Evonik Industries AG, Lion Corporation, Ecover, Jeneil Biotech, Inc., Givaudan SA (Soliance), Croda International PLC, Daqing VICTEX Chemical Industries Co., Ltd., Henkel Corporation, Kao Corporation, Biotensidon GmbH, and Boruta Zachem SA among others.
Rising consumer demand and awareness about bio-based products primarily drive the growth of the global biosurfactants market.
Rising consumer demand and awareness about bio-based products. In addition, biosurfactants are the potential replacements for synthetic surfactants.
The pandemic temporarily suspended manufacturing activities, travel bans, and production shutdowns. However, there is huge growth in demand for industrial cleaners and household detergents during the pandemic, fuelling the growth of the market.
Based on the sales revenue, product offering, and regional presence, the companies are selected.
Political- a Swiss multinational manufacturer of fragrances, flavors, and active cosmetic ingredients namely Givaudan SA and Novozymes announced a research partnership on a political front for the development of synergistic innovative technologies and ingredients for customers. In addition to this Croda International Plc. (Croda) officially announced the launch and certification of its ECO range of bio-based surfactants. This launch is aimed to meet the increasing demand for sustainable and high-performance ingredient options.
Economic- Regardless of the properties of biosurfactants as well as its potential application across extensive industrial and environmental processes,these are yet not much cost-competitive when compared with their synthetic counterparts. In addition, the production of biosurfactants includes high costs, hindering the growth of the market. The production cost of biosurfactant is higher than that of its synthetic counterparts, this increases the demand for synthetic surfactants. However, for the production of biosurfactants agro waste can be used. There is emerging usage of agro industrial wastes such as banana peel which can reduce the biosurfactants production costs.
Social- The North American region is likely to register significant growth because of the huge growth in per capita disposable income. In North American region people are increasingly spending more money on personal careproducts which increases the demand for biosurfactants products. In addition to all this, the North American region is home to many popular and leading personal care products manufacturers such as Johnsons & Johnsons, Unilever, Procter & Gamble, and L’Oreal. This factor further creates lucrative growth opportunities for the market in North America.
Technological- Biosurfactants are technologically advance are being used in manufacture of Detergents, Personal Care, Food Processing, Agricultural Chemicals, and Other cosmetic products. active cosmetic ingredients partnered with Synthite for the development of innovative natural ingredients for its Fragrance business. Biosurfactants are surface-active substances that can be produced extracellularly or are synthesized by microorganisms. They offer benefits such as low toxicity, biodegradability, better surface, environmentally friendly, and interfacial activity. Such advantages over synthetic surfactants attract several surfactant manufacturers to enter in biosurfactant market.
Environmental- A rise in awareness among consumers about the health hazards of chemical surfactants abd also the negative impact that these chemical surfactants leave on the environment is also boosting the market for biosurfactants. In addition, the consumers are concerned about the protection of the environment from toxic chemicals, due to stringent laws enforced by regulatory bodies.
Legal- In Europe stringent laws are being enforced by regulatory bodies, monitored by Registration, Evaluation, Authorisation, and Restriction of Chemicals (REACH), a European Union regulation to protect the environment from toxic chemical which harm the environment to a greater extent. These legal laws are very much strict and looks for legal action when any firm is seen not abiding by it. This also makes the usage of biosurfactants more compulsory in European country and companies functional in these areas.
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