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Biosurfactants are essentially surface-active compounds produced by microorganisms. Owing to the unique set of properties, biosurfactants have gained healthy traction in various end-use markets and is expected to grow steadily over the forecast period. biosurfactants have low toxicity and are eco-friendly products which makes them popular amongst the end-users. biosurfactants can be used in both hydrophilic and hydrophobic fluid systems depending on their type. Rhamnolipids type of biosurfactants dominate the global market and are expected to grow rapidly in the upcoming years. The increasing adoption of biosurfactants in the cosmetics and personal care industry is likely to create lucrative growth opportunities as consumers worldwide are shifting their preference to natural and eco-friendly products.
With rising environmental concerns coupled with the emergence of stringent government regulations, the popularity, and adoption of biosurfactants have significantly increased. It is replacing chemical surfactants in various industries. Growing consumer awareness of the hazards caused by the use of chemical surfactants is changing the consumer's preference and accelerating the demand for biosurfactants.
Key Market Driver -
Rising trend for bio-based materials and formulations to boost the demand for biosurfactants.
Key Market Restraint -
Strong availability of substitutes is likely to hinder the market growth.
However, the strong presence and inexpensive nature of chemical surfactants are confining the growth of the biosurfactants market. Moreover, falling crude oil prices have supported the growth of chemical surfactants and restricted the growth of the biosurfactants market.
Based on type, the market for biosurfactants is further segmented into sophorolipids, rhamnolipids, surfactin, phospholipids and fatty acids, polymeric biosurfactants, particulate biosurfactants, and others. Based on application the market for biosurfactants is segmented into detergents, health & personal care, food processing, agricultural chemicals, oilfield chemicals and others.
From a geographical standpoint, the market is categorized into North America, Europe, Asia Pacific, Latin America, and the Middle East and Africa.
The global biosurfactants market is fairly consolidated, with only a few players operating in global & regional markets. Some of the key players in the biosurfactants market include Evonik Industries, AGAE Technologies LLC, BIOTENSIDON, Givaudan, BASF SE, Ecover, Jeneil Biosurfactants Company LLC, BioFuture Ltd, and others.
The biosurfactants market has been segmented into North America, Europe, Asia Pacific, Latin America, and Middle East & Africa. The Asia-Pacific region is poised to expand rapidly on the back of strong growth opportunities in emerging economies such as China, India, Taiwan, and other Asian countries. Rise of the middle class and increasing incomes of the consumer in the region, the biosurfactants market is expected to witness healthy growth over the forecast period. Moreover, lawmakers in the region are implementing stringent environmental regulation that is creating awareness amongst the consumers. As a result, the demand for natural and bio-based products is significantly increasing in the region.
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Europe leads the global biosurfactants market closely followed by North America. High consumer awareness and rising environmental concerns are boosting the adoption and demand for biosurfactants in the region. North America is expected to grow steadily over the forecast period owing to slow-developments in the end-use markets. Latin America and Middle East & Africa are relatively small markets but have high growth potential. However, severe economic and political crises such as the Venenzuella crises, Ecuodor crises in Latin America and US-Iran conflict, the Libyan crises, and others are likely to hinder the market growth in these regions.
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