Categories: Market Research

Global Biosurfactants Market Analysis 2023 – Market Size And Key Drivers

The Biosurfactants Global Market Report 2023 by The Business Research Company, provides biosurfactants market overview across 60+ geographies in the seven regions – Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa for the 27 major global industries. The report covers a ten-year historic period – 2010-2021, and a ten-year forecast period – 2023-2032.

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According to The Business Research Company’s Biosurfactants Global Market Report 2023, the market size is expected to grow from $4.07 billion in 2022 to $4.39 billion in 2023, at a compound annual growth rate (CAGR) of 7.8%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic, at least in the short term. The war between these two countries has led to economic sanctions on multiple countries, a surge in commodity prices, and supply chain disruptions, causing inflation across goods and services and affecting many markets across the globe. The market size of global biosurfactants is expected to grow to $6 billion in 2027 at a CAGR of 8.1%.

The increase in demand for personal care industries across the globe is likely to contribute to the growth of the biosurfactant market in the cosmetic and personal care industries. Biosurfactants are used in the manufacturing of personal care products due to their high biodegradability, low toxicity, multi-functionality, environmental capability, and other factors. Moreover, biosurfactants can be used as wetting agents, solubilizers, dispersants, foaming agents, cleaners, detergents, and emulsion-forming agents.

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The biosurfactants market is segmented:

1) By Product Type: Glycolipids, Phospholipids, Surfactin, Lichenysin, Polymeric Bio-Surfactants, and Other Product Types

2) By Application: Detergents, Personal Care, Food Processing, Agricultural Chemicals, Other Applications

Technological development is a key trend gaining popularity in the biosurfactant market. The companies operating in the biosurfactant sector are investing in the development of new biosurfactants to meet the technical demands of different end-use industries across the globe. For instance, in March 2022, Evonik Industries, a Germany-based manufacturer of specialty chemicals, launched Rewoferm RL 100 Biosurfactant to meet the growing demand for low-emission and low-impact cleaning products. Rewoferm RL 100 Biosurfactant is manufactured from locally sourced feedstocks and offers effective cleaning performance.

The biosurfactants market report table of contents includes: