At 5.9% CAGR, the Europe Biosurfactants Market is Projected to be Worth US$ 461.90 million by 2030, says The Business Market Insights

According to the Business Market Insights’ research, the Europe biosurfactants market was valued at US$ 291.53 million in 2022 and is expected to reach US$ 461.90 million by 2030, registering a CAGR of 5.9% from 2022 to 2030. Advantages associated with usage of biosurfactants, growing demand from detergents & cleaning products industry, and strong growth of personal care & cosmetics industry are among the critical factors attributed to the Europe biosurfactants market expansion.                     

The personal care & cosmetics industry is growing significantly as people increasingly buy personal care and beauty products. In recent years, there has been a growth in the use of different cosmetic products among both male and female consumers in their daily routines. The personal care and cosmetic product manufacturers focus on product branding, advertising, and new product launch strategies to increase product sales. The e-commerce industry in many countries has been witnessing a rising growth curve, further boosting the sales of personal care and cosmetic products across the globe.

Rising awareness regarding using chemical-based ingredients in personal care and cosmetics products further drives the demand for biosurfactants. Nowadays, biosurfactants are gaining more attention due to their unique properties such as, environment friendly, biodegradable, nontoxic, and less side effects.  Biosurfactants are used in personal care and cosmetics products such as shampoos, conditioners, shower gels, face washes, creams, body washes, facial cleansers, and lotions. Hence, the strong growth of the personal care & cosmetics industry is expected to offer lucrative opportunities for the Europe biosurfactants market during the forecast period.

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

Based on product type, the Europe biosurfactants market is segmented into sphorolipid, rhamnolipid, mannosylerythritol lipids (MELs), alkyl polyglucosides (APGs), surfactin, phospholipids, polymeric and others. The sphorolipid segment held 32.8% share of Europe biosurfactants market in 2022, amassing US$ 95.68 million. It is projected to garner US$ 150.52 million by 2030 to expand at 5.8% CAGR during 2022–2030.

Based on application, the Europe 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 38.3% share of Europe biosurfactants market in 2022, amassing US$ 111.56 million. It is projected to garner US$ 179.46 million by 2030 to expand at 6.1% CAGR during 2022–2030.  

Based on country, the Europe biosurfactants market has been categorized into Germany, France, Italy, the UK, Russia, and the Rest of Europe. Our regional analysis states that the Rest of Europe region captured 26.5% share of Europe biosurfactants market in 2022. It was assessed at US$ 77.35 million in 2022 and is likely to hit US$ 109.15 million by 2030, exhibiting a CAGR of 4.4% during the 2022–2030.      

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

• In 2022, Evonik announced the investment in the construction of a new production plant for bio-based and fully biodegradable rhamnolipids. The investment at the Slovenská Ľupča site in Slovakia strengthens Evonik's partnership with the consumer goods group Unilever, which began in 2019. At the same time the investment allows Evonik to further expand its market position in the growth market for biosurfactants. The new plant is scheduled to come on stream in two years.  
• 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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