Global Sugar-Based Surfactants Market to Expand, Anticipated to Reach $7.17 Billion by 2027
Sugar-Based Surfactants Global Market Report 2023 – Market Size, Trends, And Global Forecast 2023-2032
The Business Research Company’s Sugar-Based Surfactants Global Market Report 2023 – Market Size, Trends, And Global Forecast 2023-2032
— The Business Research Company
LANDON, GREATER LANDON, UK, November 10, 2023 /EINPresswire.com/ — The global sugar-based surfactants market is witnessing significant growth, with projections indicating an increase from $5.42 billion in 2022 to $5.76 billion in 2023, reflecting a CAGR of 6.2%. Despite global economic challenges stemming from the Russia-Ukraine conflict and pandemic repercussions, the market is expected to reach $7.17 billion by 2027, with a steady CAGR of 5.6%.
Increased Spending on Cosmetics and Personal Care Products Propelling Market Growth
The surge in consumer expenditure on cosmetics and personal care items is a key driver for the growth of the sugar-based surfactants market. These surfactants find extensive use in various personal care products, such as shampoos, shower gels, and hand soaps, creating a rich lather that effectively cleanses the skin and hair by eliminating dirt and oil. Moreover, the growing emphasis on personal hygiene has led to a considerable surge in consumer spending on personal care products and services, as evidenced by the substantial 19.3% increase in consumer spending on personal care products and services in the United States from 2020 to 2021.
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Product Innovation Driving Market Trends
Market players such as Clariant AG, Solvay SA, and Evonik Industries AG are at the forefront of product innovation in the sugar-based surfactants industry. Notably, Solvay SA introduced two groundbreaking products, Mirasoft SL L60 and Mirasoft SL A60, which are biosurfactants derived from rapeseed oil and sugar, boasting minimal environmental impact. These biosurfactants find versatile applications in a wide range of beauty care products, including shampoos, conditioners, shower gels, face washes, and creams.
Market Segments:
• By Type: Alkyl Polyglycoside, Decyl Glucoside, Sucrose Cocoate, Other Types
• By Raw Material: Monomeric, Polymeric, Dimeric
• By Application: Biotechnology, Homecare And Personal Care, Pharmaceuticals, Agriculture, Other Applications
Western Europe Leading the Market, Asia-Pacific Spearheading Growth
While Western Europe dominated the sugar-based surfactants market in 2022, the Asia-Pacific region is anticipated to emerge as the fastest-growing market, fostering substantial regional development and progression.
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Sugar based Surfactants Global Market Report 2023 from TBRC covers the following information:
• Market size date for the forecast period: Historical and Future
• Market analysis by region: Asia-Pacific, China, Western Europe, Eastern Europe, North America, USA, South America, Middle East and Africa.
• Market analysis by countries: Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA.
Trends, opportunities, strategies and so much more.
The Sugar based Surfactants Global Market Report 2023 by The Business Research Company is the most comprehensive report that provides insights on sugar based surfactants market size, sugar based surfactants market drivers and trends, sugar based surfactants market major players, sugar based surfactants market competitors’ revenues, market positioning, and sugar based surfactants market growth across geographies. The sugar based surfactants market report helps you gain in-depth insights on opportunities and strategies. Companies can leverage the data in the report and tap into segments with the highest growth potential.
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