North America Sophorolipid Market Growth and Forecast by 2027
Historic Data: 2017-2018 | Base Year: 2019 | Forecast Period: 2020-2027North America Sophorolipid Market Forecast to 2027 - COVID-19 Impact and Regional Analysis by Type (Lactonic Sophorolipid and Acidic Sophorolipid) and Application (Household Detergents, Personal Care, Industrial and Institutional Cleaners, Food Processing, Oilfield Chemicals, and Others)
- Report Date : Dec 2020
- Report Code : TIPRE00017252
- Category : Chemicals and Materials
- Status : Published
- Available Report Formats :
- No. of Pages : 55
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.
The North American region comprises developed economies such as the United States and Canada and Mexico as a developing country. Companies are continually optimizing the overall business processes to satisfy consumer demand in the best possible way. Several domestic and foreign companies have a strong presence in the North American region. In the North American region, the United States is a significant market for sophorolipids, followed by Canada and Mexico. Sophorolipids are surfactants produced by fermentation of a variety of non-pathogenic yeast species. They combine green chemistry with a low carbon footprint and fulfill specific essential eco-friendly standards that have further favored the sophorolipids market in this region. Sophorolipids are of increasing commercial interest because they can be easily manufactured from low- price raw materials, such as n-alkanes, vegetable oils, and industrial waste products, at too high yields. Besides, sophorolipids have been reported to possess bacteriostatic properties and are therefore used in cosmetics and deodorants, further boosting the demand for sophorolipids in the market. They are also used in the manufacture of detergents. The two main components of sophorolipids are acidic and lactone, which determine their properties and their unique applications. Furthermore, acetylated lactonic sophorolipids have shown commercial and scientific significance. They demonstrate biocides and anticancer activity and have been used as antidandruff, bacteriostatic agents, deodorants, shampoos, and moisturizing agents in cosmetics, further increasing the demand for sophorolipids in the market. They also act as agents to promote skin fibroblasts' metabolism, which will boost their market demand. Additionally, acidic sophorolipids have been used in various therapeutic applications for skin diseases, such as fibrinology, healing, desquamation, depigmentation, and macrophage activation, which has further propelled the demand for sophorolipids in the North American region.
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. Acidic Sophorolipid non-acetylated is a disaccharide consisting of β-1,2′ linked glucose residues with an unsaturated (cis -9) 18 carbon fatty acid chain. Acidic Sophorolipid is produced by various yeast species, notably Starmerella bombicola. Acidic sophorolipid displays better foaming properties.
On the other hand, acidic forms are better foaming agents with higher water solubility and find applications in the food, cosmetics, and bioremediation industries. Many food products are consisting of foams, which are thermodynamically unstable systems. Foam stability could be improved by the addition of SEs, which decreases surface tension. A lower surface tension facilitates the enlargement of the air-water interfacial area, resulting in higher foamability. Acidic sophorolipid help in the same, hence creating demand from the food processing industry.
However, COVID-19 has affected economies and industries in various countries due to travel bans, lockdowns, and business shutdowns. In North America, the US has the highest number of confirmed coronavirus cases than Canada and Mexico. This is likely 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.
North America Sophorolipid Market Revenue and Forecast to 2027 (US$ Thousand)
North America Sophorolipid Market Segmentation
North America Sophorolipid Market, by Type
- Lactonic Sophorolipid
- Acidic Sophorolipid
North America Sophorolipid Market, by Application
- Household Detergents
- Personal Care
- Food Processing
- Industrial & Institutional Cleaners
- Oilfield Chemicals
- Others
North America Sophorolipid Market, by Country
- Brazil
- Argentina
- Rest of North America
North America Sophorolipid Market -Companies Mentioned
- Allied Carbon Solutions Co.,Ltd
- Givaudan
- Evonik Industries AG
- Saraya Co., Ltd.
North America Sophorolipid Report Scope
| 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 |
- Historical Analysis (2 Years), Base Year, Forecast (7 Years) with CAGR
- PEST and SWOT Analysis
- Market Size Value / Volume - Global, Regional, Country
- Industry and Competitive Landscape
- Excel Dataset
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- Allied Carbon Solutions Co.,Ltd
- Givaudan
- Evonik Industries AG
- Saraya Co., Ltd.
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