Publication Month: Nov 2020 | Report Code: TIPRE00016495 | No. of Pages: 127 | Category: Chemicals and Materials | Status: Published
A sophorolipid is known as a surface-active glycolipid compound that can be synthesized by a selected number of nonpathogenic yeast species. They are potential bio-surfactants owing to their biodegradability and low eco-toxicity. Sophorolipid are commercially produced from vegetable oil and glucose by additing anon-pathogenic yeast, called Candida bombicola. The demand for sophorolipid is increasing from many end-use industries such as oil and energy, agriculture, chemical, pharmaceutical, medical and healthcare, and consumer goods; therefore, this sophorolipid market is booming rapidly.
In 2019, Europe dominated the global market for sophorolipid due to the rise in production and consumption of sophorolipid in the developed and developing economies of Europe. Economically developed countries such as Germany, the UK, and Russia witness significant growth in the implementation of technologically advanced solutions. Various industries such as chemical, pharmaceutical, polymers, agrochemicals, and cosmetics and detergents are growing in the region, which is bolstering the growth of the sophorolipid market in the region. The market of sophorolipid in Europe is growing due to its 100% biodegradability properties. The European Union (EU) has an established market for biosurfactants that would meet almost half of the total global demand. This trend is anticipated to drive the sophorolipid market in Europe during the forecast period.
The COVID-19 outbreak was first reported in Wuhan, China, in December 2019. As of November 2020, US, Brazil, India, Russia, South Africa, Mexico, and the UK are among the worst affected countries in terms of COVID-19 confirmed cases and reported deaths. Lockdowns, travel bans, and business shutdowns are adversely affecting the economies and industries in various countries. The chemicals and material industry is one of the major industries that are facing serious disruptions due to office and factory shutdown and supply chain breaks.
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The growth of the global sophorolipid market is driven by the rising importance of bio-based chemicals for reducing greenhouse gas emissions. Sophorolipid is mainly derived from natural sources and is an alternative to petrochemical products such as detergents and pesticides. Sophorolipids are commercially manufactured from vegetable oil and glucose by adding a nonpathogenic yeast, Candida bombicola. Sophorolipids are surfactants prepared by the fermentation of nonpathogenic yeast species. These mainly combine green chemistry with a low carbon footprint and thus meet certain important eco-friendly criteria. Sophorolipid demonstrate synergistic effects along with other secondary surfactants in foaming and cleaning applications. Numerous other properties—such as temperatures, stability in wide ranges of pH and salinity, easy biodegradability, ability to be active in hard water, and adequate surface activity—possessed by sophorolipid demonstrate them superior to synthetic surfactants. Sophorolipids are generally available in two forms—lactonic and acidic. Lactonic forms exhibit better biocidal, cytotoxic, and pro-inflammatory activities and are also good anticancer agents. Acidic forms, on the other hand, are better foaming agents along with higher water solubility. Also, it is used in various applications in the food, cosmetics, and bioremediation industries. All these factors collectively drive the growth of the sophorolipid market.
Based on type, the sophorolipid market is bifurcated into acidic sophorolipid and lactonic sophorolipid. The acidic sophorolipid segment led the market with a higher market share in 2019. Acid sophorolipids are produced by a variety of yeast species, especially Starmerella bombicola. Acid sophorolipids are amphiphilic molecules and thus possess the characteristics of surfactants. As biosurfactants, they have various potential advantages over synthetic surfactants such as lower toxicity, higher biodegradability, and low-cost manufacturing capacity. Acidic forms are stronger foaming agents with higher water solubility and are used in the dairy, cosmetics, and bioremediation industries, which drive the growth of the market for acidic sophorolipid segment.
Based on application, the sophorolipid market is segmented into household detergents, personal care, food processing, Industrial and Institutional Cleaners, oilfield chemicals, and others. The household detergents segment led the market with the highest share in 2019. Sophorolipids are effective in hard surface cleaning and automated dishwashing aid formulations due to their low foaming profile combined with their surface activity properties, which are of potential interest in additional applications. Sophorolipids also has an outstanding environmental profile with excellent efficiency; which makes, it suitable for household applications. This factor increases the sales of sophorolipid products through household detergents.
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|Market Size Value in||US$ 374.85 Million in 2019|
|Market Size Value by||US$ 547.02 Million by 2027|
|Growth rate||CAGR of 5.0% from 2020-2027|
|No. of Pages||127|
|No. of Tables||56|
|No. of Charts & Figures||73|
|Historical data available||Yes|
|Segments covered||Type and Application|
|Regional scope||North America, Europe, Asia Pacific, Middle East & Africa, South & Central America|
|Country scope||US, Canada, Mexico, UK, Germany, Spain, Italy, France, India, China, Japan, South Korea, Australia, UAE, Saudi Arabia, South Africa, Brazil, Argentina|
|Report coverage||Revenue forecast, company ranking, competitive landscape, growth factors, and trends|
|Free Sample Copy Available|
A few of the key players operating in the sophorolipid market are Allied Carbon Solutions Co., Ltd; Givaudan; Evonik Industries AG; Holiferm; Saraya Co., Ltd; and Mg Intobio Co., Ltd. Major market players are focusing on strategies such as mergers & acquisitions and product launches to expand their business and consumer base globally. For instance, in January 2018, Actera Ingredients announced itself as a distributor for Allied Carbon Solution’s ACS-Sophor (INCI: Candida Bombicola/Madhuca Longifolia Seed Oil Ferment Extract) products for the cosmetics and household industry in North America.
The List of Companies - Global Sophorolipid Market