Biosurfactants Market
The Biosurfactants Market size is projected to grow at a CAGR of 5.1% during the forecast period 2022-2027 and reach US$4.7 billion by 2027. Biosurfactants are active compounds or surface-active biomolecules that are mainly produced at the microbial cell surface and offer high biodegradability and lower toxicity as compared to synthetic surfactants. It plays a significant role in bioremediation by increasing the surface area of substrates. They are used in various industries including cleaning, cosmetics & personal care, agriculture and other industries. The expansion of the biosurfactants market is primarily driven by their usage in the cosmetic & personal care industry.?According to the European Trade Association for the Cosmetics and Personal Care Industry, the total sales of the cosmetics and personal care industry in Europe were valued at US$94.6 million in 2021, an increase of 4.3% as compared to US$87.6 in 2020, indicating an increase in demand and production from the sector. An increase in the production of cosmetic & personal care products along with the surging consumer preference for bio-based surfactants is expected to drive the growth of the biosurfactants market size in the upcoming years.?On the other hand, the high costs of biosurfactants may?confine the market growth.?In 2020, the surge in the COVID-19 pandemic negatively impacted cosmetic production activities, thus, temporarily affecting the growth of the biosurfactants industry. However, a steady recovery in cosmetic production has been witnessed since 2021, which in turn, is driving the demand for Biosurfactants.?
Biosurfactants Market Report Coverage
The report: "Biosurfactants Market Report – Forecast (2022-2027)” by IndustryARC, covers an in-depth analysis of the following segments in the Biosurfactants Market.
By Type: Glycolipids (Hamnolipids, Trehalolipids, Sophorolipids), Lipopeptides, Lichenysin, Fatty Acids, Phospholipids and Neutral Lipids, Polymeric Biosurfactants and Others.
By Source: Bacterial, Fungal and Others.
By End-use Industry: Cleaning (Industrial and Household), Cosmetics & Personal Care (Skin Care, Hair Care and Others), Agriculture (Herbicide, Insecticide, Fungicide and Others), Textile, Food Processing, Oil & Gas, Pharmaceuticals and Others.
By Geography: North America (the USA, Canada and Mexico), Europe (the UK, Germany, France, Italy, the Netherlands, Spain, Denmark, Belgium and the Rest of Europe), Asia-Pacific (China, Japan, India, South Korea, Australia and New Zealand, Indonesia, Taiwan, Malaysia and the Rest of APAC), South America (Brazil, Argentina, Colombia, Chile and the Rest of South America) and the Rest of the World [the Middle East (Saudi Arabia, the UAE, Israel and the Rest of Middle East) and Africa (South Africa, Nigeria and the Rest of Africa)].
Key Takeaways
Figure: Biosurfactants Market Share, By Geography, 2021 (%)
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Biosurfactants Market Segment Analysis – By Type
Polymeric Biosurfactants held a significant Biosurfactants Market share of over 20% in 2021, owing to their increasing demand from the cosmetic & personal care sectors. Polymeric biosurfactants offer high biodegradability, lower toxicity, antimicrobial properties along with excellent emulsifying properties which make them ideal for use in cosmetics & personal care products. The Indian Ministry of Economy and Industry states that the beauty and personal care industry in the country was valued at US$10 billion in 2021 and is expected to grow by around 6% in the upcoming years. Thus, such surging growth of the cosmetics and personal care industry is expected to increase the demand for polymeric biosurfactants, owing to their above-mentioned properties. This is expected to fuel the growth of the?Biosurfactants Market?in the upcoming years.
Biosurfactants Market Segment Analysis – By End-use Industry
The cleaning industry held the largest share of over 25% in the Biosurfactants Market in 2021, owing to the increasing production of cleaning products such as detergents, dishwashers, sanitizers and more across the world. According to the Ministry of Chemicals & Fertilizers in India, the production of detergents reached up to 715 thousand metric tons in 2020, an increase of 4.1% from 687 thousand metric tons in 2019. Biosurfactants composed of active compounds or surface-active biomolecules are primarily used in cleaning products such as detergents, dishwashers and more.?They allow such products to mix into the water which helps cleaning agents in the effective removal of dirt from the surface being cleaned. Thus, such surging production of cleaning products is expected to increase the demand for Biosurfactants, thus, expanding the Biosurfactants market size during the forecast period.
Biosurfactants Market Segment Analysis – By Geography
Europe held a dominant share of?around 35%?in the?Biosurfactants Market in 2021. The consumption of biosurfactants is particularly high in this region due to its increasing demand from the cleaning sector. According to the International Association for Soaps, Detergent and Maintenance Products (A.I.S.E), the home cleaning industry in Europe was valued at US$37 billion in 2020, an increase of 7.3% over 2019. Meanwhile, the industrial cleaning industry of Europe was valued at US$10.1 billion, an incline of 22.22% over 2019. In this way, such surging production from the cleaning industry in the region is expected to increase the demand for biosurfactants. They would?use biosurfactants in cleaning chemicals to increase their solubility in water to help cleaning agents in the effective removal of dirt from the surface being cleaned. This is expected to accelerate market growth during the forecast period.
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Biosurfactants Market Drivers
An increase in the production of cosmetic & personal care products:
Biosurfactants composed of active compounds or surface-active biomolecules are primarily used in cosmetic and personal care products to enhance the cleansing, thickening, foaming, emulsifying, solubilizing, penetration and antimicrobial effects of such products. According to the International Trade Administration (ITA), the cosmetics & personal care industry of South Korea was valued at US$9.4 billion in 2019, with total local cosmetic production increasing by 4.9% in comparison to the previous year. Moreover, according to a study published on Fashion Network, skin care and sun care products produced an average annual growth of 5.6% in 2020. Hence, such surging production of cosmetics and personal care products is expected to increase the demand for biosurfactants, due to their above-mentioned usage. This is expected to accelerate the Biosurfactants market growth in the upcoming years.
Surging consumer preference toward biosurfactants:
Biosurfactants are made from renewable resources that are less toxic to the environment. They cause less pollution by emitting very less amount of carbon that can be harmful to the environment as opposed to standard petroleum-based surfactants. Moreover, biosurfactants can be produced from a wide range of materials and also perform very well in most conditions. Biosurfactants are biodegradable in nature and reduce the possibility of contamination of soil or underground water during its transportation, storage or use. Owing to these benefits, the demand for biosurfactants are increasing over the past few years. In March 2021, BASF established a strategic alliance with Allied Carbon Solutions Co., Ltd, based in Japan and Holiferm Ltd., based in the UK, with the aim of strengthening its position in the bio-based surfactants market. Thus, such developments associated with biosurfactants, due to the surging consumer preference for bio-based products, are expected to accelerate market growth in the upcoming years.
Biosurfactants Market Challenge
High cost of biosurfactants:
Biosurfactants are usually associated with high costs as compared to synthetic surfactants, owing to the high cost of raw materials used in the production of biosurfactants. Moreover, the production process of biosurfactants involves the use of expensive industrial processors and composters and complex processes. All of these factors make biosurfactants relatively more expensive than synthetic surfactants. Synthetic surfactants cost around US$4 per kilogram while biosurfactants cost around US$34 per kilogram. Thus, such high costs associated with biosurfactants may limit the growth of the Biosurfactants industry during the forecast period.
Biosurfactants Industry Outlook
Technology launches, acquisitions and increased R&D activities are key strategies adopted by players in the Biosurfactants Market. The top companies in Biosurfactants Market are:
BASF SE
Evonik Industries
Ecover
Lion Corporation
Croda International PLC
Biotensidon GmbH
AkzoNobel N.V.
Saraya Co., Ltd.
Jeneil Biotech, Inc.
Givaudan SA
Recent Developments