Europe Sophorolipid Market
A sophorolipid is a surface-active glycolipid compound which can be synthesized by a selected number of non-pathogenic yeast species. They are potential bio-surfactants owing to their biodegradability and low eco-toxicity. Besides biodegradability, low toxicity & high production potential, sophorolipid has a high surface and interfacial activity. Sophorolipids are produced from vegetable oil and glucose by adding anon-pathogenic yeast, called Candida bombicola. Sophorolipids are extracted from natural sources and are expected to be an alternative to petrochemicals such as detergents and pesticides. The efficacy of sophorolipid in breaking down oil into droplets would likely increase market penetration as oil dispersants. Sophorolipid is shown to be useful in hard surface cleaning a well as automatic dishwashing rinse aid formulations. This is attributed to their low foaming profile coupled with their surface activity properties, which are of potential interest in additional applications. Sophorolipid is widely used in agriculture products, like pesticides and other chemicals, in detergents for residential, medical, and healthcare usage, in personal care & cosmetic products, such as shampoo, hash wash liquids, soap, and many other products. Due to the increasing demand for sophorolipid from many end-use industries, including oil & energy, agriculture, chemical, pharmaceutical, medical & healthcare, consumer goods, and others, this market is booming day by day.
The sophorolipid market in Europe was valued at US$ 187.57 thousand in 2019 and is projected to reach US$ 274.61 thousand by 2027; it is expected to grow at a CAGR of 5.0% from 2020 to 2027. Surging importance of bio-based chemicals is anticipated to impact the Europe Sophorolipid Market positively. The other key drivers of the sophorolipid market include environmental issues, regulatory enforcement, and fluctuating oil prices. Moreover, demand for sophorolipids is likely to increase in applications such as detergents and cosmetics, where environmental concerns are more eminent, which will surge the demand for sophorolipids in the market during the forecast period. Furthermore, sophorolipids can also replace several primary synthetic surfactants such as polyoxyethylene alkyl ether, sodium dodecyl sulphate, and trimethylglycine, which will further boost its demand in the market.
However, high production costs and substitute products' availability may hinder sophorolipids' growth in Europe. Furthermore, COVID-19 has affected economies and industries in multiple countries due to travel bans, lockdowns, and business shutdowns. In Europe, France and Italy are the hardest-hit countries by the COVID-19 outbreak. It is expected to suffer an economic hit due to a lack of revenue from various industries, as Italy recorded the highest number of coronavirus cases. The other member states have implemented drastic measures and travel restrictions, including partially closing their borders which is anticipated to impact market growth in Europe.
The Europe Sophorolipid Market is segmented into type and application. Based on type, the Europe sophorolipid market is segmented into lactonic sophorolipid and acidic sophorolipid. The acidic sophorolipid segment is the leading segment during the forecast period. Based on application, the sophorolipid market is segmented into household detergents, personal care, food processing, industrial & institutional cleaners, oilfield chemicals, and others. The personal care segment is the fastest-growing segment with the highest CAGR.
A few major primary and secondary sources referred to for preparing this report on the sophorolipids market in Europe are company websites, annual reports, financial reports, national government documents, and statistical database, among others. Major companies listed in the report are Givaudan, Evonik Industries AG, Holiferm, and Saraya Co., Ltd. among others.
Strategic insights for the Europe Sophorolipid provides data-driven analysis of the industry landscape, including current trends, key players, and regional nuances. These insights offer actionable recommendations, enabling readers to differentiate themselves from competitors by identifying untapped segments or developing unique value propositions. Leveraging data analytics, these insights help industry players anticipate the market shifts, whether investors, manufacturers, or other stakeholders. A future-oriented perspective is essential, helping stakeholders anticipate market shifts and position themselves for long-term success in this dynamic region. Ultimately, effective strategic insights empower readers to make informed decisions that drive profitability and achieve their business objectives within the market.
| Report Attribute | Details |
|---|---|
| Market size in 2019 | US$ 187.57 thousand |
| Market Size by 2027 | US$ 274.61 thousand |
| Global CAGR (2020 - 2027) | 5.0% |
| Historical Data | 2017-2018 |
| Forecast period | 2020-2027 |
| Segments Covered |
By Type
|
| Regions and Countries Covered | Europe
|
| Market leaders and key company profiles |
The geographic scope of the Europe Sophorolipid refers to the specific areas in which a business operates and competes. Understanding local distinctions, such as diverse consumer preferences (e.g., demand for specific plug types or battery backup durations), varying economic conditions, and regulatory environments, is crucial for tailoring strategies to specific markets. Businesses can expand their reach by identifying underserved areas or adapting their offerings to meet local demands. A clear market focus allows for more effective resource allocation, targeted marketing campaigns, and better positioning against local competitors, ultimately driving growth in those targeted areas.
The Europe Sophorolipid Market is valued at US$ 187.57 thousand in 2019, it is projected to reach US$ 274.61 thousand by 2027.
As per our report Europe Sophorolipid Market, the market size is valued at US$ 187.57 thousand in 2019, projecting it to reach US$ 274.61 thousand by 2027. This translates to a CAGR of approximately 5.0% during the forecast period.
The Europe Sophorolipid Market report typically cover these key segments-
The historic period, base year, and forecast period can vary slightly depending on the specific market research report. However, for the Europe Sophorolipid Market report:
The Europe Sophorolipid Market is populated by several key players, each contributing to its growth and innovation. Some of the major players include:
The Europe Sophorolipid Market report is valuable for diverse stakeholders, including:
Essentially, anyone involved in or considering involvement in the Europe Sophorolipid Market value chain can benefit from the information contained in a comprehensive market report.
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