Global biosurfactants market size is estimated to exceed 500 kilo tons by 2023 growing at a CAGR of over 4% and is likely to be worth more than USD 2.5 billion by 2023.
Soybeans are an important source of three natural products namely soy lecithin, protein and saponin. Lecithin dominated the soy-based surfactants market demand over the past few years. Global soy oilseed production was estimated at more than 280 million tons in 2014.
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Stringent government regulations owing to environmental concerns are likely to hamper synthetic detergent demand. Renewable materials such as seed oils & animal fats coupled with technological advancements are likely to counter challenges for soy-based surfactants market growth. Seed oil substitution can significantly reduce carbon footprints into the atmosphere.
Lecithin can be derived from animal source such as egg yolk, but is too expensive for industrial applications. It is predominantly obtained from plant seeds, particularly oilseeds as they are abundantly available at competitive pricing. Soy lecithin market finds preference in industrial applications to be used as a stabilizer, antioxidant, emulsifier, nutritional supplement and wetting agent owing to structural & compositional properties. Soy-based surfactants market price trend will be critical in determining industry acceptance.
Soy lecithin was granted GRAS status by the FDA and is also confirmed safe by WHO. This factor is likely to positively influence soy-based surfactant market growth. It is widely used for applications in food industry with content ranging from 0.1% to 0.2%, and added to food products to enhance shelf life and quality. For example, lecithin is added in chocolates to reduce viscosity whereas it enhances the freshness & volume in baked goods. It is also used in food supplement applications for improving memory and cardiovascular health.
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The global soy-based surfactants market share is consolidated and is characterized by the technological advancements to develop cost effective product. Key companies operating in this market include Saraya Co. Ltd, Loveland Products, Noveon and Illionois. Other prominent manufacturers include Sinerga Cosmetic Company, Cognic GmbH, Akzo Nobel, Koch Industries, Georgia Pacific Corp and ADM.
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