Global sophorolipids market is expected to witness growth on account of rising importance of bio-based chemicals for reducing greenhouse gas emissions. Sophorolipids are derived from natural sources and expected to be alternative to petrochemical products such as detergents and pesticides. Effectiveness of sophorolipids to break down oil into droplets is expected to increase the market penetration as oil dispersants. Growing importance of cleaning agents for oil spills in energy sector on account of reducing exposure to marine life located in offshore is expected to have a positive impact on the market. Increasing deployment of sophorolipids for bio remediation applications in agriculture industry on account of effective removal of oil and pesticides from soil is expected to have a positive impact on market. Rising application of sophorolipids in manufacturing bio pesticides on account of effectively removing pathogens is expected to have a favourable impact on the market. Increasing deployment in pharmaceuticals industry owing to its antiviral and immune regulatory properties is expected to boost the market over the forecast period. Excellent bio surfactant properties have resulted in rising popularity of sophorolipids to manufacture personal care products such as shampoos and deodorants. Sophorolipids possess antifungal properties, which are expected to increasing its application to manufacture anti-dandruff shampoos and bacteriostatic agents. This trend is expected to fuel the demand over the next seven years.
Sophorolipids are commercially manufactured from vegetable oil and glucose by addition of anon-pathogenic yeast, candida bombicola. Rising application of vegetable oil in food & beverage industry is expected to have a negative impact on the market on account of low availability of raw materials over the forecast period. Growing application of rhamnolipids, mannosylerythritol lipids and trehalose lipids is expected to hinder the market growth. High cost associated with extraction and distillation of bio based surfactants as compared to petrochemical counterparts is anticipated to be a major challenge for the market players.
Asia Pacific is expected to be a major market on account of growing agriculture industry in India and China amid the implementation of advanced agricultural technology. Favourable regulatory policies coupled with low production costs in India and China as compared to Europe and U.S. has resulted in promoting growth of pharmaceuticals industry. As a result, sophorolipids is expected to find the application in manufacturing of antiviral and antimicrobial drugs is expected to have a positive impact on the market. Gaining popularity of organic personal care products in Japan and South Korea in light of new product launches is expected to increase the market penetration in the near future. Increasing importance of the halal standard for the production of food products in Middle East is foreseen to fuel the demand for bio pesticides such as sophorolipids and is expected to have a favourable impact on the market. Robust manufacturing base of crude oil and natural gas in Saudi Arabia and Russia is anticipated to fuel the sophorolipids market demand in oil spill and bio remediation over the forecast period.
Rising importance of health safety and cleanliness in Africa is expected to play a crucial role in enhancing production output in pharmaceutical and cleaning industry which is expected to fuel sorphorlipids demand. In January 2014, European Commission launched Horizon 2020 Strategy, aimed at developing a sustainable bio economy in Europe by 2020. This is expected to result in increasing consumption and production of bio based products and is expected to have a favourable impact on sophorolipids market. Growing importance of healthy food consumption in US has resulted in increasing production of organic food products in the region. This trend is expected to fuel the demand based pesticides in farming of organic crops and is expected to have a favourable impact on the market. Increasing production of shale gas in US is expected to increase the availability of petrochemicals which is expected to be a challenging factor for the market over the forecast period. The implementation of agroecology farming technology in countries of Latin America such as Brazil, Ecuador, Costa Rica and Mexico is expected to provide a constant supply of raw material for sophorolipids production.
Key players in the sophorolipids market include Saraya, Ecover, MG Intobio, Soliance and Cognis. In February 2014, Royal DSM announced collaboration with SyntheZyme LLC to develop and manufacture range of sophorolipids, based on SyntheZymes bio surfactants platform.
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The COVID-19 pandemic and subsequent halt in manufacturing activities shall have an impact on the supply availability of a variety of renewable chemicals. Furthermore, current disruption in trade shall also gravely impact the availability of chemical stocks in import-dependent countries. The report will account for Covid19 as a key market contributor.