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Sophorolipid Market Size to Accelerate at a Rapid CAGR of 5.0% by 2027

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Sophorolipid Market Size to Accelerate at a Rapid CAGR of 5.0% by 2027

November 22
15:14 2021
Growing Demand for Sophorolipid from Numerous End-Use Industries Escalates Sophorolipid Market Growth

According to our latest market study on “Sophorolipid Market Forecast to 2027 – COVID-19 Impact and Global Analysis – by Type and Application” the market was valued at US$ 374.85 million in 2019 and is projected to reach US$ 547.02 million by 2027.

Strategic Insights

Report Coverage

Details

Market Size Value in

US$ 374.85 Million in 2019

Market Size Value by

US$ 547.02 Million by 2027

Growth rate

CAGR of 5.0% from 2020-2027

Forecast Period

2020-2027

Base Year

2020

No. of Pages

127

No. Tables

56

No. of Charts & Figures

73

Historical data available

Yes

Segments covered

Type and Application

Regional scope

North America; Europe; Asia Pacific; Latin America; MEA

Country scope

US, UK, Canada, Germany, France, Italy, Australia, Russia, China, Japan, South Korea, Saudi Arabia, Brazil, Argentina

Report coverage

Revenue forecast, company ranking, competitive landscape, growth factors, and trends

 

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Sophorolipids are potential biosurfactants as they have qualities such as biodegradability and low eco-toxicity. Sophorolipid are extracted from natural sources and are expected to be an alternative to petrochemicals such as detergents and pesticides. It is expected that the efficacy of sophorolipid in breaking down oil into droplets will increase market penetration in untapped market as dispersants of oil. Sophorolipid is useful in hard surface cleaning and automatic dishwashing rinse aid formulations. It has potential use in additional applications owing to its low foaming profile and surface activity properties.

Growing Demand for Sophorolipid from Numerous End-Use Industries Escalates Sophorolipid Market Growth

The effectiveness of sophorolipid mainly to break down oil into droplets is anticipated to increase market penetration as oil dispersants. Also, the growing importance of cleaning agents particularly for cleaning oil spills in the energy sector due to reducing exposure to marine life located offshore is further expected to drive this market. The increasing use of sophorolipid for bioremediation applications in agriculture for the effective reduction of oil and pesticides from the soil, rising application of sophorolipid in manufacturing biopesticides to remove pathogens, and growing application in the pharmaceutical industry due to its antiviral and immune regulatory properties bolsters the sophorolipid market growth. Due to biosurfactant properties, sophorolipid are gaining popularity in manufacturing personal care products such as shampoos and deodorants. Sophorolipid also possess antifungal properties that increase its application in manufacturing anti-dandruff shampoos and bacteriostatic agents. Sophorolipid is widely used in the energy sector, agriculture sector, pharmaceutical industry, and cosmetic and personal care industry due to its natural or bio-based properties, which propels the growth of the sophorolipid market.

Impact of COVID-19 on Sophorolipid Market:

The COVID-19 outbreak was first reported in Wuhan, China, in December 2019. As of November 2020, US, Brazil, India, Russia, South Africa, Mexico, and the UK are among the worst affected countries in terms of COVID-19 confirmed cases and reported deaths. Lockdowns, travel bans, and business shutdowns are adversely affecting the economies and industries in various countries. The chemicals and material industry is one of the major industries that are facing serious disruptions due to office and factory shutdown and supply chain breaks.

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Sophorolipid Market: Type

Based on type, the sophorolipid market is bifurcated into acidic sophorolipid and lactonic sophorolipid. The acidic sophorolipid segment led the market with a higher market share in 2019. Acid sophorolipids are produced by a variety of yeast species, especially Starmerella bombicola. Acid sophorolipids are amphiphilic molecules and thus possess the characteristics of surfactants. As biosurfactants, they have various potential advantages over synthetic surfactants such as lower toxicity, higher biodegradability, and low-cost manufacturing capacity. Acidic forms are stronger foaming agents with higher water solubility and are used in the dairy, cosmetics, and bioremediation industries, which drive the growth of the market for acidic sophorolipid segment.

Sophorolipid Market: Competitive Landscape and Key Developments

Allied Carbon Solutions Co., Ltd; Givaudan; Evonik Industries AG; Holiferm, Saraya Co., Ltd; and Mg Intobio Co., Ltd are among the well-established players in the global Sophorolipid market.

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