Report : Asia Pacific Sophorolipid and Rhamnolipid Market Forecast to 2030 - Regional Analysis - by Type (Sophorolipid and Rhamnolipid) and Application (Household Detergents, Personal Care, Industrial & Institutional Cleaners, Food Processing, Oilfield Chemicals, Leather Processing, Agriculture, Pharmaceuticals, and Others)
At 7.1% CAGR, the Asia Pacific Sophorolipids and Rhamnolipids Market is Speculated to be Worth US$ 130.09 Million by 2030, Says Business Market Insights
According to Business Market Insights' research, the Asia Pacific sophorolipid and rhamnolipid market was valued at US$ 75.21 in 2022 and is expected to reach US$ 130.09 million by 2030, registering a CAGR of 7.1% from 2022 to 2030. Strong growth of personal care & cosmetics industry and growing demand from detergents & cleaning products industry are among the critical factors attributed to the Asia Pacific sophorolipid and rhamnolipid market expansion.
Increasing living standards, growing population, rising urbanization, upsurging 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.
Further, there is an increasing use of biosurfactants in the detergents & cleaning products industry. Biosurfactants 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 such as sophorolipids and rhamnolipids. Hence, the strong growth of the detergents & cleaning products industry is creating the demand for sophorolipids and rhamnolipids.
On the contrary, high cost of sophorolipid and rhamnolipid production hamper the growth Asia Pacific sophorolipid and rhamnolipid market.
Based on type, the Asia Pacific sophorolipid and rhamnolipid market is bifurcated into sophorolipid and rhamnolipid. The sophorolipid segment held 83.9% share of the Asia Pacific sophorolipid and rhamnolipid market in 2022, amassing US$ 63.07 million. It is projected to garner US$ 108.14 million by 2030 to expand at 7.0% CAGR during 2022-2030.
In terms of application, the Asia Pacific sophorolipid and rhamnolipid 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 40.9% share of the Asia Pacific sophorolipid and rhamnolipid market in 2022, amassing US$ 30.75 million. It is projected to garner US$ 53.75 million by 2030 to expand at 7.2% CAGR during 2022-2030.
Based on country, the Asia Pacific sophorolipid and rhamnolipid market is categorized into Australia, China, Japan, India, South Korea, and the Rest of Asia Pacific. China held 41.5% share of Asia Pacific sophorolipid and rhamnolipid market in 2022, amassing US$ 31.20 million. It is projected to garner US$ 55.72 million by 2030 to expand at 7.5% CAGR during 2022-2030.
Key players operating in the Asia Pacific sophorolipid and rhamnolipid market are Saraya Co Ltd, Evonik Industries AG, Givaudan SA, Godrej Industries Ltd, Holiferm Ltd, Stepan Co, Deguan Biosurfactant Supplier, Dow Inc, and Jeneil Bioproducts GmbH, 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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