At 4.4% CAGR, the South & Central America Biosurfactants Market is Projected to be Worth US$ 37.08 Million by 2030, says The Business Market Insights

According to the Business Market Insights’ research, the South & Central America biosurfactants market was valued at US$ 26.20 million in 2022 and is expected to reach US$ 37.08 million by 2030, registering a CAGR of 4.4% from 2022 to 2030. Rising focus on developing bio-based products and growing demand from detergents & cleaning products industry are among the critical factors attributed to the South & Central America biosurfactants market expansion.                     

Environmental sustainability has become an important developmental goal in recent years. Efforts are now being driven toward a biomass-based economy, as compared to the fossil fuel-based economy. Various economies focus on fulfilling sustainability goals by developing and using bio-based products partially or fully derived from renewable biological sources. The surfactants industry is focusing on making surfactants from bio-based sources. Various surfactants used in different industries are derived from petroleum sources and are resistant to biodegradation. In addition, toxic pollutants are generated during their synthesis, which are persistent and represent a significant environmental hazard. Therefore, the interest in green and sustainable biosurfactants is growing to overcome these limitations. Biosurfactants are produced by diverse microbes using various substrates from renewable sources such as industrial and agricultural waste materials. Biosurfactants are an alternative to chemically synthesized surfactants due to their diversified structures and biocompatibility properties. Biosurfactants are used in various industries due to their low toxicity and high biodegradability. Further, due to rising environmental concerns, various industries are using biosurfactants to develop bio-based products and contribute to the environment. Thus, the rising focus on developing bio-based products is projected to boost the South & Central America biosurfactants market growth over the coming years.

On the contrary, high cost of biosurfactants production hampers the growth of South & Central America biosurfactants market.

Based on product type, the South & Central America biosurfactants market is segmented into sphorolipid, rhamnolipid, mannosylerythritol lipids (MELs), alkyl polyglucosides (APGs), surfactin, phospholipids, polymeric and others. The sphorolipid segment held 34.2% share of South & Central America biosurfactants market in 2022, amassing US$ 8.97 million. It is projected to garner US$ 12.62 million by 2030 to expand at 4.4% CAGR during 2022–2030.

In terms of application, the South & Central America biosurfactants market is categorized into household detergents, personal care, industrial and institutional cleaners, food processing, oilfield chemicals, leather processing, agriculture, pharmaceuticals, and others. The household detergents segment held 42.5% share of South & Central America biosurfactants market in 2022, amassing US$ 11.15 million. It is projected to garner US$ 16.00 million by 2030 to expand at 4.6% CAGR during 2022–2030.  

By country, the South & Central America biosurfactants market has been categorized into Brazil, Argentina, and the Rest of South & Central America. Our regional analysis states that Brazil captured 64.6% share of South & Central America biosurfactants market in 2022. It was assessed at US$ 16.92 million in 2022 and is likely to hit US$ 24.34 million by 2030, exhibiting a CAGR of 4.6% during the 2022–2030.      

Key players operating in the South & Central America 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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