Market Size of Rhamnolipids Industry
|2019 - 2029
|Market Size (2024)
|USD 41.15 Million
|Market Size (2029)
|USD 52.47 Million
|CAGR (2024 - 2029)
|Fastest Growing Market
*Disclaimer: Major Players sorted in no particular order
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Rhamnolipids Market Analysis
The Rhamnolipids Market size is estimated at USD 41.15 million in 2024, and is expected to reach USD 52.47 million by 2029, growing at a CAGR of 4.98% during the forecast period (2024-2029).
The COVID-19 outbreak resulted in a global lockdown, a breakdown in supply chains and manufacturing activities, and production halts, all of which had a detrimental effect on the market in 2020. However, things started to get better in 2021, which allowed the market to resume its upward trend for the remainder of the projected period.
- The major factor driving the market studied is the growing demand for rhamnolipids from surfactants. Moreover, the increasing demand for personal care products is also expected to fuel the market demand.
- On the flip side, the high manufacturing cost of rhamnolipids has hindered the growth of the market.
- The growing demand for bio-surfactants in the oil and gas sector is forecasted to offer various opportunities for the growth of the market over the forecast period.
- Asia-Pacific region represents the largest market and is also expected to be the fastest-growing market over the forecast period owing to the increasing consumption from countries such as China, India, and Japan.