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The “Sophorolipid Market Forecast to 2027 – COVID-19 Impact and Global Analysis – by Segments and Geography”. The scope of study involves understanding the factors responsible for the sophorolipid market growth along with estimates and revenue forecast, and market share analysis; it also spots significant market players with their key developments.
The global sophorolipid market was valued at US$ 374.85 million in 2019 and is projected to reach US$ 547.02 million by 2027; it is expected to grow at a CAGR of 5.0% from 2020 to 2027. Sophorolipids are potential biosurfactants as they have qualities such as biodegradability and low eco-toxicity. Sophorolipid are extracted from natural sources and are expected to be an alternative to petrochemicals such as detergents and pesticides. It is expected that the efficacy of sophorolipid in breaking down oil into droplets will increase market penetration in untapped markets as dispersants of oil. Sophorolipid is useful in hard surface cleaning and automatic dishwashing rinse aid formulations. It has potential use in additional applications owing to its low foaming profile and surface activity properties. Sophorolipid is widely used in agriculture products such as pesticides and other chemicals, in detergents for residential, medical, and healthcare usage, in personal care and cosmetic products such as shampoo, hash wash liquids, and soap. The demand for sophorolipid is increasing from various end-use industries such as oil and energy, agriculture, chemical, pharmaceutical, medical and healthcare, and consumer goods; therefore the market is booming.
Based on type, the sophorolipid market is bifurcated into lactonic sophorolipid and acidic sophorolipid. The acidic sophorolipid segment accounted for a larger share in market in 2019, and lactonic sophorolipid segment is expected to register a higher CAGR during 2020–2027. Acidic sophorolipids are amphiphilic molecules; thus, they possess the characteristics of surfactants. As biosurfactants, they have various potential advantages over synthetic surfactants such as lower toxicity, higher biodegradability, and low-cost manufacturing capacity. Acidic forms are stronger foaming agents with higher water solubility and are used in the dairy, cosmetics, and bioremediation industries. Acid sophorolipid (ASL), a bola amphiphilic substance, confers a surfactant to a crude sophorolipid. The two hydrophilic ends of the oleic acid hydrophobic skeleton contain sophorose and a carboxylic group that makes ASL an outstanding drug delivery vehicle comparable to other bola amphiphiles. ASL is a simple, water-soluble, mono-component, and stimulus-responsive molecule.
The COVID-19 outbreak is adversely affecting economies and industries in various countries due to lockdowns, travel bans, and business shutdowns. Chemicals and materials is one of the major industries that are suffering serious disruptions due to supply chain breaks, technology events cancellations, and office shutdowns. China is the manufacturing hub and the largest raw material supplier for various industries worldwide, and disrupted operations in the country are hindering several businesses from all other countries dependent on its manufacturing sector. The overall market breakdown due to shutting down of factories, obstacle in supply chain, and downturn in world economy is restraining the growth of the sophorolipid market.
The global sophorolipid market, by geography, is segmented into five regions—North America, Europe, Asia Pacific (APAC), Middle East & Africa (MEA), and South America (SAM). Europe accounted for the largest share of the market in 2019, followed by North America and Asia Pacific. Europe comprises a few major players such as Givaudan, Evonik Industries AG, Holiferm, and Saraya Co., Ltd. The sophorolipid market in Asia Pacific is anticipated to growth with the highest CAGR during the forecast period.
Sophorolipid Market, by Type
- Lactonic Sophorolipid
- Acidic Sophorolipid
Sophorolipid Market, by Application
- Household Detergents
- Personal Care
- Industrial & Institutional Cleaners
- Food Processing
- Oilfield Chemicals
- Others
Global Sophorolipid Market – By Geography
- North America
- Europe
- Germany
- France
- Italy
- UK
- Russia
- Rest of Europe
- Asia Pacific (APAC)
- China
- Australia
- India
- Japan
- South Korea
- Rest of Asia Pacific
- Middle East and Africa
- South Africa
- Saudi Arabia
- UAE
- Rest of MEA
- South America
- Brazil
- Argentina
- Rest of South America
