At 7.1% CAGR, the Asia Pacific Biosurfactants Market is Projected to be Worth US$ 317.29 million by 2030, says The Business Market Insights

According to the Business Market Insights’ research, the Asia Pacific biosurfactants market was valued at US$ 183.42 million in 2022 and is expected to reach US$ 317.29 million by 2030, registering a CAGR of 7.1% from 2022 to 2030. Advantages associated with usage of biosurfactants and growing demand from detergents & cleaning products industry are the critical factors attributed to the Asia Pacific biosurfactants market expansion.                     

Increasing living standards, growing population, rising urbanization, innovative product launches, and increasing consumer awareness regarding health and hygiene boost the demand for household detergents and cleaning products across the globe. In addition, various marketing activities and campaigns by the market players generate awareness of detergent products such as gels, pods, and liquids among consumers. In recent years, the cleaning products market in China has been growing steadily. Consumers in China are becoming increasingly particular about their health and hygiene-related product purchases. With the expanding cleaning products market in the country, laundry detergent brands are offering new products that cater to the different needs of consumers. In addition, the COVID-19 pandemic has highlighted the importance of cleaning products. Since the pandemic, people have been increasingly associated with cleanliness to stay healthy. The strong growth of the industrial sector in different countries across the globe also drives the demand for industrial detergents and cleaners.       

Biosurfactants are being used increasingly in the detergents & cleaning products industry. They are used instead of chemically synthesized surfactants to avoid the toxicity they exert on freshwater living organisms. Rising demand for bio-based detergents and cleaners is also boosting the consumption of biosurfactants. Hence, the strong growth of the detergents & cleaning products industry is driving the demand for biosurfactants, thereby positively impacting the market outlook.

On the contrary, high cost of biosurfactants production hurdles the growth of Asia Pacific biosurfactants market.

Based on product type, the Asia Pacific biosurfactants market is segmented into sphorolipid, rhamnolipid, mannosylerythritol lipids (MELs), alkyl polyglucosides (APGs), surfactin, phospholipids, polymeric and others. The sphorolipid segment held 34.4% share of Asia Pacific biosurfactants market in 2022, amassing US$ 63.17 million. It is projected to garner US$ 108.75 million by 2030 to expand at 7.0% CAGR during 2022–2030.

Based on application, the Asia Pacific biosurfactants market is segmented into household detergents, personal care, industrial and institutional cleaners, food processing, oilfield chemicals, leather processing, agriculture, pharmaceuticals, and others. The household detergents segment held 40.4% share of Asia Pacific biosurfactants market in 2022, amassing US$ 74.16 million. It is projected to garner US$ 129.55 million by 2030 to expand at 7.2% CAGR during 2022–2030.  

Based on country, the Asia Pacific biosurfactants market has been categorized into Australia, China, Japan, India, South Korea, and the Rest of Asia Pacific. Our regional analysis states that China captured 41.6% share of Asia Pacific biosurfactants market in 2022. It was assessed at US$ 76.30 million in 2022 and is likely to hit US$ 136.27 million by 2030, exhibiting a CAGR of 7.5% during the 2022–2030.      

Key players operating in the Asia Pacific biosurfactants market are Allied Carbon Solutions Co Ltd, Saraya Co Ltd, Evonik Industries AG, BASF SE, Sabo SPA, Stepan Co, Deguan Biosurfactant Supplier, and Dow Inc, among others.   

• In 2022, Evonik launched a rhamnolipid, Rewoferm RL 100. This biosurfactant meets demands for low-emission, low-impact cleaning products that enable a circular economy. Rewoferm RL 100 is produced from renewable feedstocks sourced in Slovakia, where its new biosurfactant plant is based and is fully biodegradable while providing excellent cleaning performance.

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