Market Outline: Sophorolipids Market
A sophorolipid is a surface-active glycolipid compound that can be synthesized by a selected number of non-pathogenic yeast species. Sophorolipids are considered promising bio-surfactants. These combine green chemistry with low carbon footprint, and hence fulfil certain important eco-friendly criteria. Sophorolipids demonstrate synergistic effects with other secondary surfactants in foaming and cleaning applications. Numerous other properties possessed by sophorolipids make them superior to synthetic surfactants. These include stability in wide ranges of pH, temperatures, and salinity; ability to be active in hard water; easy biodegradability, and adequate surface activity. Sophorolipids are generally found in two forms: lactonic and acidic. Sophorolipids find applications in major industries such as agriculture, food, cosmetics, detergents, biomedicine, and bioremediation.
Market Dynamics: Sophorolipids Market
Rising application of sophorolipids in manufacturing bio pesticides on account of effectively removing pathogens is expected to have a favorable impact on the market. Increasing deployment in pharmaceuticals industry owing to its antiviral and immune regulatory properties is expected to be boost sophorolipids market over the forecast period. Excellent bio surfactant properties have resulted in rising popularity of sophorolipids to manufacture personal care products such as shampoos and deodorants. Sophorolipids possess antifungal properties, which are expected to increasing its application to manufacture anti-dandruff shampoos and bacteriostatic agents. This trend is expected to fuel the demand for sophorolipids over the next seven years. However, due to high cost associated with extraction and distillation of bio based surfactants as compared to petrochemical counterpart’s restraints the growth of sophorolipids market.
Sophorolipids Market was valued at US $ XX Mn and expected to grow at XX% Compound Annual Growth Rate (CAGR) from 2019 to 2025.
Market Scope: Sophorolipids Market
Sophorolipids market is segmented based on application and geographical regions.
Based on the application, market is segmented into the following:
- Household detergents
- Industrial & Institutional cleaners
- Personal care
- Oilfield chemicals
- Agricultural chemicals
- Food processing
- Others (Bioremediation, medical and pharmaceutical)
Regional Analysis: Sophorolipids Market
Geographically, sophorolipids market is segmented into North America, Europe, Asia Pacific, Latin America, and Middle East and Africa. Asia Pacific Sophorolipids Market is expected to be a major sophorolipids market on account of growing agriculture industry in India and China amid the implementation of advanced agricultural technology. Favorable regulatory policies coupled with low production costs in India and China as compared to Europe and U.S. has resulted in promoting growth of pharmaceuticals industry. Wide use of organic personal care products in Japan and South Korea in light of new product launches is expected to propel sophorolipids market in the near future.
Europe Sophorolipids Market is driven by increasing consumption and production of bio based products and is expected to have a favorable impact on sophorolipids market. Growing importance of healthy food consumption in US has resulted in increasing production of organic food products in the region. North America Sophorolipids Market is expected to witness a significant growth owing to its in farming of organic crops which is expected to impact a positive growth for sophorolipid market. Increasing production of shale gas in US is expected to increase the availability of petrochemicals which is expected to be a challenging factor for sophorolipids market over the forecast period
- MG Intobio
Notable Market Developments:
- In February 2014, Royal DSM announced collaboration with SyntheZyme LLC to develop and manufacture range of sophorolipids, based on SyntheZymes bio surfactants platform.