Biosurfactants Market worth $2.3 billion by 2028 Globally, at a CAGR of 11.0%, says MarketsandMarkets™

Chicago, Nov. 09, 2023 (GLOBE NEWSWIRE) -- The Global Biosurfactants Market is projected to grow from USD 1.2 billion in 2022 and is projected to reach USD 2.3 billion by 2028, at a CAGR of 11.0% from 2022 to 2028, as per the recent study by MarketsandMarkets™. Microorganisms produce a class of surface-active chemicals known as biosurfactants, which have a wide range of industrial uses. They are gaining popularity because, in contrast to conventional surfactants derived from petrochemical sources, they are sustainable and beneficial to the environment. The usage of ecologically friendly products has been encouraged by governments and regulatory authorities in numerous nations, which has increased demand for biosurfactants.

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Browse In-Depth TOC On "Biosurfactants Market”

162 - Market Data Tables
52 - Figures
198 - Pages

List of Key Players in Biosurfactants Market:

1. Evonik Industries AG (Germany)
2. Deugan Biosurfactant Supplier (China)
3. Biotensidon GmbH (Germany)
4. Saraya Co., Ltd (Japan)
5. Allied Carbon Solutions Co., Ltd. (Japan)
6. Daqing VICTEX Industries Co., Ltd., (China)
7. Jeneil Biotech, Inc. (US)
8. BASF SE (US)
9. Holiferm Limited (UK)
10. Solvay S.A. (Belgium)

Drivers, Restraints, Opportunities and Challenges in Biosurfactants Market:

1. Drivers: Increasing demand for green solutions.
2. Restraints: Less commercialization due to high production cost.
3. Opportunity: Development of cost-effective production techniques.
4. Challenges: Lack of production technology.

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Key Findings of the Study:

1. Rhamnolipids is projected to register the highest CAGR, in terms of value, of the global biosurfactants during the forecast period.
2. Detergents is estimated to be the largest application of the biosurfactants, in terms of value, during the forecast period.
3. Europe is estimated to be the largest market for the biosurfactants market, in terms of value, during the forecast period.

Rhamnolipids are known for their biodegradable nature, making them environmentally friendly and suitable for various eco-friendly applications. Excellent surfactant qualities, such as those for emulsification, foaming, and wetting, are present in rhamnolipids. Because of this, they are useful in a variety of processes, including increased oil recovery, environmental cleanup, and emulsification in the food and cosmetics sectors. Rhamnolipids are likely to find new uses and improve production processes as a result of ongoing research and development in the field of biosurfactants, which will increase demand for them in the future.

In the upcoming years, it is anticipated that the use of biosurfactants in detergents will continue to grow. When used in detergent formulation, biosurfactants have a few benefits that are in line with the growing consumer and industry demands for cleaners that are more environmentally friendly and sustainable. Increased awareness of the potential environmental and health impacts of synthetic surfactants has led consumers to seek alternatives in their cleaning products.

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Based on type, the biosurfactants market is segmented as glycolipids and lipopeptides. Glycolipids accounted for largest market share, in terms of value, in 2022. Glycolipids is further sub-segmented into rhamnolipids and sophorolipids. Sophorolipids are the most common type of glycolipids used to manufacture biosurfactants. Due to their adaptability and eco-friendliness, sophorolipids have drawn attention. These compounds are used in many different industries, including as biotechnology, cosmetics, medicines, and environmental remediation.

Based on application, the biosurfactants market is segmented as detergents, personal care, food processing, agriculture chemicals, and others. Detergents accounted for the largest market share in biosurfactants market, in terms of value, in 2022. Consumers are becoming more environmentally conscious and are seeking cleaning products that are biodegradable and less harmful to the environment. This trend is likely to drive the continued use of biosurfactants in detergent formulations. Various governments and regulatory bodies throughout the world are advocating the use of environmentally friendly and sustainable surfactants. Manufacturers are encouraged to incorporate biosurfactants into their formulas.

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