The Asia Pacific sophorolipid and rhamnolipid market was valued at US$ 75.21 million in 2022 and is expected to reach US$ 130.09 million by 2030; it is estimated to grow at a CAGR of 7.1% from 2022 to 2030.
In China, the cosmetic industry is driven by the rising promotion of cosmetic products on social media platforms and growing use of e-commerce platforms to buy these products. Japan is one of the major markets for cosmetic & personal care products. According to the International Trade Administration, the country is home to ~3,000 beauty care companies, such as Shiseido, Kosé, Pola Orbis, and other brands. In the country, skin care products for anti-aging, brightening, and moisturizing dominate the Japanese cosmetics market.
Thailand is also witnessing a high demand for skin care products with natural ingredients. Further, the personal care & cosmetics industry in India is growing rapidly due to social media marketing, rising digitization, and the advent of e-commerce beauty platforms. In India, improving socio-economic standards and the large-scale development of digital and manufacturing sectors are increasing the demand for cosmetic products.
Further, rising awareness regarding the use of chemical-based ingredients in personal care and cosmetics products is driving the demand for biosurfactants. Nowadays, biosurfactants such as sophorolipids and rhamnolipids are gaining more attention due to environmentally friendly, biodegradable, non-toxic, and less side effects. Sophorolipids and rhamnolipids are used in personal care and cosmetics products such as shampoos, conditioners, shower gels, face washes, creams, body wash, facial cleansers, lotions, and others. Hence, the strong growth of the personal care & cosmetics industry is expected to offer lucrative opportunities for the Asia Pacific sophorolipid and rhamnolipid market during the forecast period.
These biocompatible and environmentally friendly biosurfactants have gained significant traction due to their versatile application in industries such as personal care, pharmaceuticals, agriculture, and oil recovery. The rising awareness regarding sustainable and green technologies is expected to propel the demand for sophorolipids and rhamnolipids due to their effectiveness in reducing environmental impact. Further, the increasing focus on reducing reliance on traditional petrochemical-based surfactants has prompted companies in Asia Pacific to invest in the research, development, and production of these biobased alternatives. Advanced biosurfactant formulas consisting of sophorolipids and rhamnolipids replace ordinary personal care products such as soaps. Over the coming years, it is anticipated that superior growth can be seen in personal care products, especially in China, which would lead to increased demand for biosurfactants.
Key players such as Evonik and Stepan operating in the Asia Pacific sophorolipid and rhamnolipid market are adopting various strategies, such as investment in research and development activities and new product launches. In January 2022, Evonik constructed a new production plant for bio-based and fully biodegradable rhamnolipids. This will strengthen Evonik's partnership with Unilever and increase the overall production capacity of biosurfactants.
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Based on type, the Asia Pacific sophorolipid and rhamnolipid market is bifurcated into sophorolipid and rhamnolipid. The sophorolipid segment held a larger Asia Pacific sophorolipid and rhamnolipid market share in 2022.
In terms of application, the Asia Pacific sophorolipid and rhamnolipid market is segmented into household detergents, personal care, industrial and institutional cleaners, food processing, oilfield chemicals, leather processing, agriculture, pharmaceuticals, and others. The household detergents segment held the largest Asia Pacific sophorolipid and rhamnolipid market share in 2022.
Based on country, the Asia Pacific sophorolipid and rhamnolipid market is segmented into Australia, China, Japan, India, South Korea, and the Rest of Asia Pacific. China dominated the Asia Pacific sophorolipid and rhamnolipid market in 2022.
Allied Carbon Solutions Co Ltd, Saraya Co Ltd, Evonik Industries AG, Givaudan SA, Godrej Industries Ltd, Stepan Co, Deguan Biosurfactant Supplier, Dow Inc, and Jeneil Bioproducts GmbH are some of the leading companies operating in the Asia Pacific sophorolipid and rhamnolipid market
Reasons to Buy
Strong Growth of Personal Care & Cosmetics Industry Fuels the Asia Pacific Sophorolipid and Rhamnolipid Market
The personal care & cosmetics industry is growing significantly as people increasingly buy personal care and beauty products. In recent years, there has been a growth in the use of different cosmetic products among both male and female consumers in their daily routines. The personal care and cosmetic product manufacturers are focusing on product branding, advertising, and new product launch strategies to increase their product sales. The e-commerce industry in many countries has been witnessing a rising growth curve, further boosting the sales of personal care and cosmetic products across the globe.In China, the cosmetic industry is driven by the rising promotion of cosmetic products on social media platforms and growing use of e-commerce platforms to buy these products. Japan is one of the major markets for cosmetic & personal care products. According to the International Trade Administration, the country is home to ~3,000 beauty care companies, such as Shiseido, Kosé, Pola Orbis, and other brands. In the country, skin care products for anti-aging, brightening, and moisturizing dominate the Japanese cosmetics market.
Thailand is also witnessing a high demand for skin care products with natural ingredients. Further, the personal care & cosmetics industry in India is growing rapidly due to social media marketing, rising digitization, and the advent of e-commerce beauty platforms. In India, improving socio-economic standards and the large-scale development of digital and manufacturing sectors are increasing the demand for cosmetic products.
Further, rising awareness regarding the use of chemical-based ingredients in personal care and cosmetics products is driving the demand for biosurfactants. Nowadays, biosurfactants such as sophorolipids and rhamnolipids are gaining more attention due to environmentally friendly, biodegradable, non-toxic, and less side effects. Sophorolipids and rhamnolipids are used in personal care and cosmetics products such as shampoos, conditioners, shower gels, face washes, creams, body wash, facial cleansers, lotions, and others. Hence, the strong growth of the personal care & cosmetics industry is expected to offer lucrative opportunities for the Asia Pacific sophorolipid and rhamnolipid market during the forecast period.
Asia Pacific Sophorolipid and Rhamnolipid Market Overview
The Asia Pacific sophorolipid and rhamnolipid market, by country, is segmented into Australia, China, India, Japan, South Korea, and the Rest of Asia Pacific. The market is driven by factors such as the growing demand from the detergents & cleaning products industry and rising awareness regarding advantages associated with using sophorolipids and rhamnolipids.These biocompatible and environmentally friendly biosurfactants have gained significant traction due to their versatile application in industries such as personal care, pharmaceuticals, agriculture, and oil recovery. The rising awareness regarding sustainable and green technologies is expected to propel the demand for sophorolipids and rhamnolipids due to their effectiveness in reducing environmental impact. Further, the increasing focus on reducing reliance on traditional petrochemical-based surfactants has prompted companies in Asia Pacific to invest in the research, development, and production of these biobased alternatives. Advanced biosurfactant formulas consisting of sophorolipids and rhamnolipids replace ordinary personal care products such as soaps. Over the coming years, it is anticipated that superior growth can be seen in personal care products, especially in China, which would lead to increased demand for biosurfactants.
Key players such as Evonik and Stepan operating in the Asia Pacific sophorolipid and rhamnolipid market are adopting various strategies, such as investment in research and development activities and new product launches. In January 2022, Evonik constructed a new production plant for bio-based and fully biodegradable rhamnolipids. This will strengthen Evonik's partnership with Unilever and increase the overall production capacity of biosurfactants.
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a Pacific Sophorolipid and Rhamnolipid Market Revenue and Forecast to 2030 (US$ Million)
Asia Pacific Sophorolipid and Rhamnolipid Market Segmentation
The Asia Pacific sophorolipid and rhamnolipid market is segmented based on type, application, and country.Based on type, the Asia Pacific sophorolipid and rhamnolipid market is bifurcated into sophorolipid and rhamnolipid. The sophorolipid segment held a larger Asia Pacific sophorolipid and rhamnolipid market share in 2022.
In terms of application, the Asia Pacific sophorolipid and rhamnolipid market is segmented into household detergents, personal care, industrial and institutional cleaners, food processing, oilfield chemicals, leather processing, agriculture, pharmaceuticals, and others. The household detergents segment held the largest Asia Pacific sophorolipid and rhamnolipid market share in 2022.
Based on country, the Asia Pacific sophorolipid and rhamnolipid market is segmented into Australia, China, Japan, India, South Korea, and the Rest of Asia Pacific. China dominated the Asia Pacific sophorolipid and rhamnolipid market in 2022.
Allied Carbon Solutions Co Ltd, Saraya Co Ltd, Evonik Industries AG, Givaudan SA, Godrej Industries Ltd, Stepan Co, Deguan Biosurfactant Supplier, Dow Inc, and Jeneil Bioproducts GmbH are some of the leading companies operating in the Asia Pacific sophorolipid and rhamnolipid market
Reasons to Buy
- Save and reduce time carrying out entry-level research by identifying the growth, size, leading players, and segments in the Asia Pacific sophorolipid and rhamnolipid market to 2030.
- Highlights key business priorities in order to assist companies to realign their business strategies
- The key findings and recommendations highlight crucial progressive industry trends in the Asia Pacific sophorolipid and rhamnolipid market to 2030 thereby allowing players across the value chain to develop effective long-term strategies
- Develop/modify business expansion plans by using substantial growth offering developed and emerging markets
- Scrutinize in-depth Asia Pacific market trends and outlook coupled with the factors driving the sophorolipid and rhamnolipid market to 2030, as well as those hindering it
- Enhance the decision-making process by understanding the strategies that underpin commercial interest with respect to client products, segmentation, pricing, and distribution
Table of Contents
1. Introduction
2. Executive Summary
3. Research Methodology
4. Asia Pacific Sophorolipid and Rhamnolipid Market Landscape
5. Asia Pacific Sophorolipid and Rhamnolipid Market - Key Market Dynamics
6. Sophorolipid and Rhamnolipid Market - Asia Pacific Market Analysis
7. Asia Pacific Sophorolipid and Rhamnolipid Market Analysis - By Type
8. Asia Pacific Sophorolipid and Rhamnolipid Market Analysis - By Application
9. Asia Pacific Sophorolipid and Rhamnolipid Market - Country Analysis
10. Industry Landscape
11. Company Profiles
List of Tables
List of Figures
Companies Mentioned
- Allied Carbon Solutions Co Ltd
- Deguan Biosurfactant Supplier
- Dow Inc
- Evonik Industries AG
- Givaudan SA
- Godrej Industries Ltd
- Jeneil Bioproducts GmbH
- Saraya Co Ltd
- Stepan Co
Table Information
Report Attribute | Details |
---|---|
No. of Pages | 94 |
Published | February 2024 |
Forecast Period | 2022 - 2030 |
Estimated Market Value ( USD | $ 75.21 Million |
Forecasted Market Value ( USD | $ 130.09 Million |
Compound Annual Growth Rate | 7.1% |
Regions Covered | Asia Pacific |
No. of Companies Mentioned | 9 |