PUBLISHER: Bizwit Research & Consulting LLP | PRODUCT CODE: 1424910
PUBLISHER: Bizwit Research & Consulting LLP | PRODUCT CODE: 1424910
Global Biosurfactants Market is valued at approximately USD 1.2 billion in 2022 and is anticipated to grow with a healthy growth rate of more than 11.0% during the forecast period 2023-2030. Biosurfactants are surface-active substances produced by microorganisms, including bacteria, yeast, and fungi. Unlike chemical surfactants, which are synthesized from petrochemicals, biosurfactants are derived from renewable resources and have gained attention due to their eco-friendly nature, biodegradability, and diverse applications. The key factors driving the market growth are growing demand in the personal care industry, increasing demand for green solutions, and rising consumer awareness about the environmental and health impacts of chemical products has led to a demand for safer and more sustainable alternatives. Biosurfactants, being biodegradable and less harmful, are gaining popularity among environmentally conscious consumers.
Additionally, the Beauty & Personal Care industry has witnessed a rising demand for sustainable and natural products among consumers. Biosurfactants, being derived from renewable resources and often considered more environmentally friendly than synthetic surfactants, align well with this trend. Beauty and personal care brands are increasingly incorporating biosurfactants in their formulations to meet consumer preferences for eco-friendly products. Thus, the growing Beauty & Personal Care industry is anticipated to support the market growth. According to Statista, in 2019, global Personal Care Market was valued at USD 31.56 billion; in 2022 the market reached USD 47.04 billion and it is anticipated to reach USD 63.08 billion by 2025. Moreover, the advances in biotechnology and fermentation processes, and the growing oil and gas industry are anticipated to create lucrative opportunities for the market during the forecast period. However, the high production cost stifles market growth throughout the forecast period of 2023-2030.
The key regions considered for the Global Biosurfactants Market study includes Asia Pacific, North America, Europe, Latin America, and Middle East & Africa. North America dominated the market in 2022 owing to the growing personal care industry, rising demand for environmentally friendly products and the presence of key market players. Whereas, the Asia Pacific is expected to grow with the highest CAGR over the forecast period, owing to factors such as the growing various end-use industry such as personal care, oil and gas industry and others, and growing consumer awareness about environment friendly products.
The objective of the study is to define market sizes of different segments & countries in recent years and to forecast the values to the coming years. The report is designed to incorporate both qualitative and quantitative aspects of the industry within countries involved in the study.
The report also caters detailed information about the crucial aspects such as driving factors & challenges which will define the future growth of the market. Additionally, it also incorporates potential opportunities in micro markets for stakeholders to invest along with the detailed analysis of competitive landscape and product offerings of key players. The detailed segments and sub-segment of the market are explained below:
List of tables and figures and dummy in nature, final lists may vary in the final deliverable
List of tables and figures and dummy in nature, final lists may vary in the final deliverable