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Sugar-Based Surfactants Market Report 2024: Growth, Trends, Analysis, Demand, Forecast 2033
"The new report published by The Business Research Company, titled ""Sugar-based Surfactants Global Market Report 2024 - Market Size, Trends, And Global Forecast 2024-2033"", delivers an in-depth analysis of the leading size and forecasts, investment opportunities, winning strategies, market drivers and trends, competitive landscape, and evolving market trends.As per the report, the sugar-based surfactants market size has grown strongly in recent years. It will grow from $5.72 billion in 2023 to $6.08 billion in 2024 at a compound annual growth rate (CAGR) of 6.4%. The sugar-based surfactants market size is expected to see strong growth in the next few years. It will grow to $7.78 billion in 2028 at a compound annual growth rate (CAGR) of 6.4%.
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Rising Consumer Expenditure On Cosmetics And Personal Care Is A Catalyst For Sugar-Based Surfactant Market Growth
The increased spending on cosmetics and personal care products is expected to propel the growth of the sugar-based surfactant market going forward. Personal care product refers to any item intended to be rubbed, poured, sprinkled, or sprayed on, introduced into, or otherwise applied to any area of the human body for washing, beautifying, boosting attractiveness, or modifying appearance. In personal care items including shampoos, shower gels, and hand soaps, sugar-based surfactants are frequently utilized, these surfactants create a thick, creamy foam that aids in cleansing the skin and hair by removing oil and grime. Additionally, the growing awareness of personal hygiene has favored increasing expenditure on cosmetics and personal care items. For instance, in September 2022, according to the consumer expenditures report 2021 published by the Bureau of Labor Statistics, a US-based agency for economics and statistics, in the US, the average annual expenditure on personal care products and services was increased to $771 in the year 2021, representing a growth of 19.3% in consumer spending. Therefore, the increasing product demand in personal care is driving the growth of the sugar-based surfactant market.
Product Innovation In The Sugar-Based Surfactant Market
Product innovation is a key trend gaining popularity in the sugar-based surfactant market. Major companies operating in the sugar-based surfactant industry are focused on developing innovative solutions to strengthen their position in the market. For instance, in June 2022, Solvay SA, a France-based chemical business, launched two new products: Mirasoft SL L60 and Mirasoft SL A60. Two new biosurfactants that enable the development of sustainable cosmetics. This product is unique, as it is based on rapeseed oil and sugar, and it has a minimal environmental and carbon footprint. The glycolipid biosurfactants are appropriate for a wide range of applications in beauty care, including shampoos, conditioners, shower gels, face washes, and creams.
The sugar-based surfactants market covered in this report is segmented -
1) By Type: Alkyl Polyglycoside, Decyl Glucoside, Sucrose Cocoate, Other Types
2) By Raw Material: Monomeric, Polymeric, Dimeric
3) By Application: Biotechnology, Homecare And Personal Care, Pharmaceuticals, Agriculture, Other Applications
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Major companies operating in the sugar-based surfactants market report are Clariant AG, Solvay SA, Evonik Industries AG, Badische Anilin und Soda Fabrik, Shanghai Fine Chemicals Co. Ltd., Stepan Company, Dadia Chemical Industries, Glycosurf Inc., Jeneil Biotech Inc., Seppic Inc., Cargill Inc., Lonza Group AG, Dow Chemicals Co., AkzoNobel NV, Kao Corporation, Galaxy Surfactants Ltd., Henkel AG & Co., Huntsman Corporation, Croda International Plc, Colonial Chemical Inc., Lubrizol Corporation, P&G Chemicals, Unilever, Ashland Global Holdings Inc., Innospec Inc., Vantage Specialty Chemicals Inc., Pilot Chemical Company, Oxiteno USA LLC, Rhodia Operations, Mitsubishi Chemical Corporation .
Contents of the report:
1. Executive Summary
2. Sugar-based Surfactants Market Report Structure
3. Sugar-based Surfactants Market Trends And Strategies
4. Sugar-based Surfactants Market - Macro Economic Scenario
5. Sugar-based Surfactants Market Size And Growth
…..
27. Sugar-based Surfactants Market Competitor Landscape And Company Profiles
28. Key Mergers And Acquisitions
29. Future Outlook and Potential Analysis
30. Appendix
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