The Sugar-based Surfactants by The Business Research Company provides market overview across 60+ geographies in the seven regions – Asia-Pacific, Western Europe, Eastern Europe, North America, South America, the Middle East, and Africa, encompassing 27 major global industries. The report presents a comprehensive analysis over a ten-year historic period (2010-2021) and extends its insights into a ten-year forecast period (2023-2033).
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According to The Business Research Company’s Sugar-based Surfactants, The sugar-based surfactants market size has grown strongly in recent years. It will grow from $5.72 billion in 2023 to $6.08 billion in 2024 at a compound annual growth rate (CAGR) of 6.4%. The growth in the historic period can be attributed to consumer demand for natural products, renewable raw material source, reduced carbon footprint, growing natural personal care products market, increasing awareness of harmful chemicals. .
The sugar-based surfactants market size is expected to see strong growth in the next few years. It will grow to $7.78 billion in 2028 at a compound annual growth rate (CAGR) of 6.4%. The growth in the forecast period can be attributed to rising global emphasis on sustainability, advancements in sugar-based surfactant, expansion of natural and organic products market, global expansion of biorefineries, emergence of new market players.. Major trends in the forecast period include innovation in formulations, integration in household cleaning products, bio-based detergent formulations, bio-based textile processing agents, collaborations and partnerships..
The increased spending on cosmetics and personal care products is expected to propel the growth of the sugar-based surfactant market going forward. Personal care product refers to any item intended to be rubbed, poured, sprinkled, or sprayed on, introduced into, or otherwise applied to any area of the human body for washing, beautifying, boosting attractiveness, or modifying appearance. In personal care items including shampoos, shower gels, and hand soaps, sugar-based surfactants are frequently utilized, these surfactants create a thick, creamy foam that aids in cleansing the skin and hair by removing oil and grime. Additionally, the growing awareness of personal hygiene has favored increasing expenditure on cosmetics and personal care items. For instance, in September 2022, according to the consumer expenditures report 2021 published by the Bureau of Labor Statistics, a US-based agency for economics and statistics, in the US, the average annual expenditure on personal care products and services was increased to $771 in the year 2021, representing a growth of 19.3% in consumer spending. Therefore, the increasing product demand in personal care is driving the growth of the sugar-based surfactant market.
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The sugar-based surfactants market covered in this report is segmented –
1) By Type: Alkyl Polyglycoside, Decyl Glucoside, Sucrose Cocoate, Other Types
2) By Raw Material: Monomeric, Polymeric, Dimeric
3) By Application: Biotechnology, Homecare And Personal Care, Pharmaceuticals, Agriculture, Other Applications
Product innovation is a key trend gaining popularity in the sugar-based surfactant market. Major companies operating in the sugar-based surfactant industry are focused on developing innovative solutions to strengthen their position in the market. For instance, in June 2022, Solvay SA, a France-based chemical business, launched two new products: Mirasoft SL L60 and Mirasoft SL A60. Two new biosurfactants that enable the development of sustainable cosmetics. This product is unique, as it is based on rapeseed oil and sugar, and it has a minimal environmental and carbon footprint. The glycolipid biosurfactants are appropriate for a wide range of applications in beauty care, including shampoos, conditioners, shower gels, face washes, and creams.
The sugar-based surfactants market report table of contents includes:
1. Executive Summary
2. Sugar-based Surfactants Market Characteristics
3. Sugar-based Surfactants Market Trends And Strategies
4. Sugar-based Surfactants Market – Macro Economic Scenario
5. Global Sugar-based Surfactants Market Size and Growth
6. Sugar-based Surfactants Market Segmentation
7. Sugar-based Surfactants Market Regional And Country Analysis
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27 Sugar-based Surfactants Market Competitive Landscape And Company Profiles
28. Key Mergers And Acquisitions In The Sugar-based Surfactants Market
29. Sugar-based Surfactants Market Future Outlook and Potential Analysis
TOP MAJOR PLAYERS:
- Solvay SA
- Evonik Industries AG
- Badische Anilin und Soda Fabrik
- Shanghai Fine Chemicals Co. Ltd.
- Stepan Company
- Dadia Chemical Industries
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