North America Sophorolipid Market Forecast to 2027 - COVID-19 Impact and Regional Analysis by Type and Application

By Type (Lactonic Sophorolipid and Acidic Sophorolipid) and Application (Household Detergents, Personal Care, Industrial & Institutional Cleaners, Food Processing, Oilfield Chemicals, and Others),” is expected to reach US$ 136.37 thousand by 2027 from US$ 94.26 thousand in 2019 and is expected to grow at a CAGR of 4.8% from 2020 to 2027. The report provides trends prevailing in the North America Sophorolipid Market along with the drivers and restraints pertaining to the market growth. Growing demand for sophorolipid from the end-use industries is the primary factor driving the North America Sophorolipid Market. However, high production costs and substitute products' availability may hinder sophorolipids' growth in North America. Besides, COVID-19 has affected economies and industries in various countries due to travel bans, lockdowns, and business shutdowns. In North America region, the US has the highest number of confirmed coronavirus cases than Canada and Mexico. This is expected to impact the chemical and materials industry in the region. Due to the COVID-19 outbreak, the supply chain is expected to get affected and may negatively impact the North America Sophorolipid Market.

The North America Sophorolipid Market is segmented into product type and application. Based on type, the North America sophorolipid market is segmented into lactonic sophorolipid and acidic sophorolipid. The acidic sophorolipid segment is the leading segment during the forecast period. Based on application, the sophorolipid market is segmented into household detergents, personal care, food processing, industrial & institutional cleaners, oilfield chemicals, and others. The personal care segment is the fastest-growing segment with the highest CAGR.

Allied Carbon Solutions Co., Ltd; Givaudan; Evonik Industries AG; and Saraya Co., Ltd. are among the leading companies in the North America Sophorolipid Market. The companies are focused on adopting organic growth strategies such as product launches and expansions to sustain their position in the dynamic market. For instance, in 2018 Actera Ingredients announced itself as a distributor for Allied Carbon Solution’s ACS-Sophor (INCI: Candida Bombicola/?Madhuca Longifolia Seed Oil Ferment Extract) products for the cosmetics and household industry in North America.

North America Sophorolipid Market, By Country, 2019 and 2027 (%)

The Report Segments The North America Sophorolipid Market As Follows:

By Type

• Lactonic Sophorolipi

By Application

• Household Detergents
• Personal Care
• Food Processing
• Industrial & Institutional Cleaners
• Oilfield Chemical

By Country

• Brazil
• Argentina
• Rest of North America

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