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Biosurfactants market size to reach $2.69bn 2023

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Biosurfactants Market size was estimated at 370.5 kilo tons as per the latest research report by Global Market Insights, Inc. Rising environmental friendly products demand owing to rising consumer consciousness are key trending factors to propel biosurfactants market size growth. 

Global biobased surfactants market size is set to be worth USD 2.69 billion by 2023. Increasing concerns pertaining to petrochemical derived surfactants disposal accompanied by regulatory compliance by EPA & REACH to promote eco friendly products should positively influence biosurfactants market. 

Biosurfactants are predominately derived from fatty alcohols and vegetable oils. Fatty alcohol sources include soybean oil, safflower oil, sunflower oil, rapeseed oil, beef tallow, tall oil and palm oil. Increasing sustainable raw materials supply oilseed form may enhance industry growth. 

Global Market Scenario of Biosurfactants

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U.S., Argentina, Brazil, China, and India are major soy oil production centre. Rapeseed and sunflower oil is among the promising sources which are accounted at over 14% and 8% of the global oilseed market share in 2014. Russia, Canada, and Ukraine are major sunflower and rapeseed oil manufacturing countries. Shift in trend towards sustainable and naturally derived products in Asia Pacific and Latin America is expected to drive demand. Sugar-based products, neem extracts, and sulfate free products are key bio-based products gaining popularity due to their biodegradable and cost-effective nature. Favourable initiatives taken by the European government to promote production of bio-based products under CEN/BT/WG 209 and CEN/TC411 may favor regional biosurfactant market size.

CEN/TC-276 under the European Commission has been working on a biosurfactants mandate (M/491) which is a part of Lead Market Initiative (LMI) for bio-based products.

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North America biosurfactants market size, by application, 2012-2023 (Tons)

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Application AnalysisHousehold detergent application was dominant and was worth over USD 780 million in 2015. Increasing demand for laundry detergents and household cleaners will drive bio based surfactants market. Increasing consumer awareness regarding toxicity of petrochemical derived products has been instrumental in driving demand in household applications.   Regional AnalysisEurope biosurfactants market size, led by Germany, France and UK, was dominant with over USD 900 million revenue generation in 2015. European market is characterized by stringent regulatory policies framed by agencies such as EEA, ECHA and REACH favoring biobased products consumption.    Competitive Market ShareGlobal biosurfactants market share is consolidated with BASF-Cognis, Ecover, Urumqui Unite, MG Intobio and Saraya occupying over 70% of the total volume in 2015. The companies are expanding product portfolio and participating in merger & acquisition as a part of growth strategy.

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360° Analysis

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Latest Research Report On Biosurfactants Market @ https://www.gminsights.com/industry-analysis/biosurfactants-market

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