North America 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 commercially 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 North America was valued at US$ 94.26 thousand in 2019 and is projected to reach US$ 136.37 thousand by 2027; it is expected to grow at a CAGR of 4.8% from 2020 to 2027. Increasing deployment of this bio-based surfactant for bioremediation applications in the agriculture industry on account of the significant reduction of oil and pesticides from the soil is anticipated to impact the market positively. The growing importance of cleaning agents, particularly for oil spills in the energy sector due to reducing exposure to marine life located offshore, is expected to impact this market positively. Excellent biosurfactant properties of sophorolipid have resulted in the rising popularity in manufacturing personal care products, including shampoos and deodorants. Sophorolipid also possesses antifungal properties, which are again expected to increase its application to manufacturing anti-dandruff shampoos and bacteriostatic agents.
However, high production costs and substitute products' availability may hinder sophorolipids' growth in North America. Furthermore, COVID-19 has affected economies and industries in various countries due to travel bans, lockdowns, and business shutdowns. In North America region, the US has the highest number of confirmed coronavirus cases than Canada and Mexico. This is expected to impact the chemical and materials industry in the region. Due to the COVID-19 outbreak, the supply chain is expected to get affected and may negatively impact the North America Sophorolipid Market.
The North America Sophorolipid Market is segmented into product type and application. Based on type, the North America 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 North America are company websites, annual reports, financial reports, national government documents, and statistical database, among others. Major companies listed in the report are Allied Carbon Solutions Co., Ltd; Givaudan; Evonik Industries AG; and Saraya Co., Ltd. among others.
Strategic insights for the North America 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$ 94.26 thousand |
| Market Size by 2027 | US$ 136.37 thousand |
| Global CAGR (2020 - 2027) | 4.8% |
| Historical Data | 2017-2018 |
| Forecast period | 2020-2027 |
| Segments Covered |
By Type
|
| Regions and Countries Covered | North America
|
| Market leaders and key company profiles |
The geographic scope of the North America 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 North America Sophorolipid Market is valued at US$ 94.26 thousand in 2019, it is projected to reach US$ 136.37 thousand by 2027.
As per our report North America Sophorolipid Market, the market size is valued at US$ 94.26 thousand in 2019, projecting it to reach US$ 136.37 thousand by 2027. This translates to a CAGR of approximately 4.8% during the forecast period.
The North America 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 North America Sophorolipid Market report:
The North America Sophorolipid Market is populated by several key players, each contributing to its growth and innovation. Some of the major players include:
The North America Sophorolipid Market report is valuable for diverse stakeholders, including:
Essentially, anyone involved in or considering involvement in the North America Sophorolipid Market value chain can benefit from the information contained in a comprehensive market report.
Office No. 1011, First floor, Farena Corporate Park, Magarpatta-Mundhwa road, Pune - 411028, Maharashtra, India
US:+16467917070
sales@businessmarketinsights.com
Get Free Sample For North America Sophorolipid Market
