At 3.1% CAGR, the South & Central America Sophorolipid and Rhamnolipid market is Projected to be Worth US$ 13.53 Million by 2030, Says Business Market Insights

According to Business Market Insights research, the South & Central America sophorolipid and rhamnolipid market was valued at US$ 10.57 million in 2022 and is expected to reach US$ 13.53 million by 2030, registering a CAGR of 3.1% from 2022 to 2030. Rising focus on developing bio-based products and growing demand from detergents & cleaning products industry are among the critical factors attributed to the South & Central America sophorolipid and rhamnolipid market expansion.

In recent years, environmental sustainability has become an important developmental goal. Efforts are now being driven toward a biomass-based economy, as compared to the fossil fuel-based economy. Various economies focus on fulfilling sustainability goals by developing and using bio-based products partially or fully derived from renewable biological sources. The surfactants industry is focusing on making surfactants from bio-based sources. Various surfactants used in different industries are derived from petroleum sources and are resistant to biodegradation. In addition, toxic pollutants are generated during their synthesis, which are persistent and represent a significant environmental hazard. Therefore, the interest in green and sustainable biosurfactants is increasing to overcome these limitations. Biosurfactants are produced by diverse microbes using various substrates from renewable sources such as industrial and agricultural waste materials. Rhamnolipids are an alternative to chemically synthesized surfactants due to their diversified structures and biocompatibility properties. Sophorolipids are highly used as biosurfactants in various industries due to their low toxicity and high biodegradability. Further, due to rising concerns about the environment, various industries use sophorolipids and rhamnolipids to develop bio-based products and contribute to the environment. Thus, the rising focus on developing bio-based products is projected to boost the South & Central America sophorolipid and rhamnolipid market growth over the coming years.

On the contrary, high cost of sophorolipid and rhamnolipid production hamper the growth South & Central America sophorolipid and rhamnolipid market.

Based on type, the South & Central America sophorolipid and rhamnolipid market is bifurcated into sophorolipid and rhamnolipid. The sophorolipid segment held 82.8% share of the South & Central America sophorolipid and rhamnolipid market in 2022, amassing US$ 8.76 million. It is projected to garner US$ 11.11 million by 2030 to expand at 3.0% CAGR during 2022-2030.

In terms of application, the South & Central America 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 42.6% share of the South & Central America sophorolipid and rhamnolipid market in 2022, amassing US$ 4.50 million. It is projected to garner US$ 5.84 million by 2030 to expand at 3.3% CAGR during 2022-2030.

Based on country, the South & Central America sophorolipid and rhamnolipid market is categorized into Brazil, Argentina, and the Rest of South & Central America. Brazil held 64.6% share of South & Central America sophorolipid and rhamnolipid market in 2022, amassing US$ 6.83 million. It is projected to garner US$ 8.88 million by 2030 to expand at 3.3% CAGR during 2022-2030.

Key players operating in the South & Central America sophorolipid and rhamnolipid market are Dow Inc, Evonik Industries AG, Givaudan SA, Godrej Industries Ltd, and Stepan Co, among others.

- In 2022, Evonik launched a rhamnolipid, Rewoferm RL 100. This biosurfactant meets demands for low-emission, low-impact cleaning products that enable a circular economy. Rewoferm RL 100 is produced from renewable feedstocks sourced in Slovakia, where its new biosurfactant plant is based and is fully biodegradable while providing excellent cleaning performance.


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