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Sophorolipid and Rhamnolipid Market is expected to reach US$ 541.63 million by 2030

The Global Sophorolipid and Rhamnolipid Market share is projected to grow from USD 334.88 million in 2022 to USD 541.63 million by 2030.

By The Insight Partners

Growing Demand from Detergents & Cleaning Products Industry to Bolster Sophorolipid and Rhamnolipid Market Growth During 2022–2030

According to our latest study on “Sophorolipid and Rhamnolipid Market Forecast to 2030 – COVID-19 Impact and Global Analysis – by Type and Application,” the sophorolipid and rhamnolipid market size is expected to grow from US$ 334.88 million in 2022 to US$ 541.63 million by 2030; it is estimated to register a CAGR of 6.2% from 2022 to 2030. The report highlights key factors driving the sophorolipid and rhamnolipid market growth and prominent players along with their developments in the market.

The global sophorolipid and rhamnolipid market is highly competitive. The global sophorolipid and rhamnolipid market is growing due to their increasing use in applications such as household detergents, personal care, industrial and institutional cleaners, food processing, oilfield chemicals, leather processing, agriculture, and pharmaceuticals. Sophorolipids and rhamnolipids have various advantages over their chemical counterparts, such as a high biodegradability rate and production from renewable substrates.

Sophorolipid and Rhamnolipid Market Breakdown – by Region

To get free sample copy of the report, along with the TOC, Statistics, and Tables please visit @ https://www.theinsightpartners.com/brochure/TIPRE00030035

Increasing living standards, growing population, rising urbanization, upsurging innovative product launches, and increasing consumer awareness regarding health and hygiene boost the demand for household detergents and cleaning products across the globe. In addition, various marketing activities and campaigns by the market players generate awareness of detergent products such as gels, pods, and liquids among consumers. In recent years, the cleaning products market in China has been growing steadily. Consumers in China are becoming increasingly particular about their health and hygiene-related product purchases. In addition, the COVID-19 pandemic has highlighted the importance of cleaning products. Since the pandemic, people have been increasingly associated with cleanliness to stay healthy. The strong growth of the industrial sector in different countries across the globe also drives the demand for industrial detergents and cleaners, thus driving the need for sophorolipids and rhamnolipids.

Dow Inc, Allied Carbon Solutions Co Ltd, Saraya Co Ltd, Evonik Industries AG, Givaudan SA, Godrej Industries Ltd, Holiferm Ltd, Stepan Co, Deguan Biosurfactant Supplier, and Jeneil Bioproducts GmbH are a few players operating in the global sophorolipid and rhamnolipid market. Players operating in the global sophorolipid and rhamnolipid market focus on providing high-quality products to fulfill customer demand. They also focus on adopting strategies such as new product launches, capacity expansion, partnerships, and collaborations to stay competitive in the market.

Impact of COVID-19 Pandemic on Sophorolipid and Rhamnolipid Market

The COVID-19 pandemic has adversely altered the status of the chemicals & materials sector and negatively affected the sophorolipid and rhamnolipid market growth. The implementation of measures to combat the spread of the virus has aggravated the situation and restrained the growth of various industries. Many industries have been adversely affected by the sudden distortion in operational efficiencies and disruptions in the value chains attributable to the sudden closure of national and international boundaries.

However, the pandemic made people increasingly aware of cleanliness to stay healthy. Disinfection practices became highly important to reduce the potential for virus contamination in healthcare settings, homes, and other places, thereby positively impacting the global sophorolipid and rhamnolipid market growth.

The report includes the segmentation of the sophorolipid and rhamnolipid market as follows:

The global sophorolipid and rhamnolipid market is bifurcated on the basis of type and application. Based on type, the sophorolipid and rhamnolipid market is bifurcated into sophorolipid and rhamnolipid. By application, the market is segmented into household detergents, personal care, industrial & institutional cleaners, food processing, oilfield chemicals, leather processing, agriculture, pharmaceuticals, and others. By region, the sophorolipid and rhamnolipid market is segmented into North America, Europe, Asia Pacific, the Middle East & Africa, and South & Central America. The North America sophorolipid and rhamnolipid market is further segmented into the US, Canada, and Mexico. The market in Europe is subsegmented into Germany, France, the UK, Italy, Russia, and the Rest of Europe. The Asia Pacific sophorolipid and rhamnolipid market is further segmented into China, India, Japan, Australia, South Korea, and the Rest of Asia Pacific. The sophorolipid and rhamnolipid market in the Middle East & Africa is subsegmented into South Africa, Saudi Arabia, the UAE, and the Rest of Middle East & Africa. The South & Central America sophorolipid and rhamnolipid market is further segmented into Brazil, Argentina, and the Rest of South & Central America.

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