Biosurfactants Market Size to Reach $2.69 Billion 2023.

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.

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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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