Biosurfactants Market to witness USD 3.51 Bn revenue growth through 2023-2027
The rising demand for personal care products, with a focus on environmentally friendly products, followed by the impact of environmental regulations on synthetic surfactants has impacted the market expansion of the Global Biosurfactants Market. The market for Biosurfactants is forecasted to witness USD 3.51 billion in revenue growth between 2022 and 2027 exhibiting a CAGR of 5.6%.
Navigating through the drivers of the Biosurfactants Market: It has been observed the primary growth driver is the increasing requirements of the personal care market. Biosurfactants are widely used to color-disperse pigments in lipstick and makeup followed by perfumes, aftershaves, hair lotions, and shaving creams thus, the growing demand for personal care products is expected to boost the market expansion.
Snapshot of Biosurfactants Market Analysis
Market Trends: As per market trends there lies a huge potential for the use of biosurfactants in cancer treatment. Biomarkers are keen on finding drugs and treatments with continuous ongoing R&D activities. Get all the details of the Biosurfactants Market in Technavio's comprehensive report summary.
AGAE Technologies LLC, Alfa Chemicals Ltd., Allied Carbon Solutions Co. Ltd., BASF SE, Biotensidon GmbH, Croda International Plc, Evonik Industries AG, Innospec Inc., Jeneil Biotech Inc., Kemin Industries Inc., Lion Corp., Nouryon Chemicals Holding BV, People Against Dirty Holdings Ltd., Saraya Co. Ltd., and TensioGreen Technology Corp. are some of the major market competitors worth mentioning.
In-depth research of the imarket's revenue projections, along with a look at the major players, market drivers, and development prospects, are all included in Technavio's latest report. The research divides the markets geographically into APAC, North America, Europe, South America, and the Middle East and Africa. A market share of 40% is anticipated for the APAC area. Learn more about the market dynamics and the aspects that our report's in-depth analysis predicts will have the biggest impact on the market under review.
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