MANNOSYLERYTHRITOL LIPIDS MARKET ANALYSIS

Global mannosylerythritol lipids market was valued at US$ 3,339.4 Mn in 2022, exhibiting a CAGR of 5.1% in terms of revenue, over the forecast period (2023 to 2030) to reach US$ 4,991.9  Mn by 2030. Mannosylerythritol lipids are biosurfactant that belongs to the class of glycolipid and possess excellent interfacial and biochemical properties. They are extracted from fungal and yeast extracts. Moreover, they also have excellent emulsification, dispersing, and frothing properties that enable their properties across various residential as well as commercial applications. Oilfield chemicals, personal care, industrial, agricultural chemicals, institutional cleaners, household detergents, food processing, and textiles are some of the major application areas of mannosylerythritol lipids. Out of which, household detergents are a consumer of application of mannosylerythritol lipids. Moreover, this lipid is also used across the pharmaceutical industry as they have excellent biochemical functions such as anti-tumor activity against human leukemia cells and other cancers.

Global Mannosylerythritol Lipids Market- Impact of Coronavirus (Covid-19) Pandemic

The COVID-19 pandemic has had both direct and indirect impacts on various industries, which, in turn, can affect the demand and supply of mannosylerythritol lipids. Some of the potential effects of the pandemic on the market are disruption in supply in supply chains, COVID-19 led to global supply chain disruptions, including restrictions on transportation and logistics. This could have affected the production of mannosylerythritol lipids potentially leading to delays or shortages in supply. Moreover, fluctuating demand is also a factor, which is affected by the pandemic, the pandemic has caused economic uncertainties and changes in consumer behaviour. Some industries that utilize mannosylerythritol lipids, such as cosmetics and personal care, may have experienced a decline in demand due to reduced consumer spending and changes in purchasing patterns.

Figure 1 Global Mannosylerythritol Lipids Market, By End-use Industries, 2022

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Global Mannosylerythritol Lipids Market - Drivers

• Growing demand for eco-friendly products in the detergent industry

Growing demand for eco-friendly products in the detergent industry is primarily fueling the market growth of mannosylerythritol lipids. Synthetic surfactant has a various negative impact on the environment as well as the health of the human due to the presence of harmful chemical, which can pollute the environment and leave long-term effects. This is expected to raise the demand for the mannosylerythritol lipids as a natural surfactant.

• Increasing demand for mannosylerythritol lipids as a natural ceramide substitute in the cosmetic industry

Increasing demand for mannosylerythritol lipids as a natural ceramide substitute in the cosmetic industry is projected to fuel the market growth. Mannosylerythritol lipids are the best alternative, cost-effective skincare ingredient, which can be used to replace the higher-priced ingredients such as natural ceramides. It has excellent moisturizing effect for skin cells and also capable of treating damaged skin. 

• Rising consumer preference for natural products

With increasing awareness about the harmful effects of synthetic chemicals, consumers are gravitating towards natural and sustainable products. Mannosylerythritol lipids, being derieved from renewable sources such as yeast and agricultural waste, are considered eco-friendly alternatives to synthetic chemicals. The consumer shift towards natural and sustainable products is fueling the demand for mannosylerythritol lipids

Global Mannosylerythritol Lipids Market - Restraints

• Witnessing relatively slow growth in regions

Developed regions such as North America and Europe are key consumers of mannosylerythritol lipids, but these markets are mature and thus witnessing relatively slow growth. This factor is expected to hamper the market growth. At the same time, China is another major the market for mannosylerythritol lipids, which is also facing a slow economic downturn. This factor is expected to restrict the market growth. Additionally, the shorter shelf life of the mannosylerythritol lipids is another major factor restricting the adoption of this product. This is the factor is expected to restrict the adoption of mannosylerythritol lipids, which in turn hampering the market growth over the forecast timeframe.

On the basis of the end-use industry in 2022, the personal care & cosmetics segment has accounted the largest market share of 34.40% in terms of value, followed by household detergent and pharmaceutical industry. Mannosylerythritol lipids are used as natural surfactants, emulsifiers, and moisturizers in various skincare, haircare, and makeup formulations. Mannosylerythritol lipids offer improved stability, enhanced foaming properties, and moisturizing effects, making them desirable ingredients for the cosmetics industry.

Global Mannosylerythritol Lipids Market - Opportunities

Rising usage of mannosylerythritol lipids in bioremediation is projected to provide enormous growth opportunity to the market of mannosylerythritol lipids. mannosylerythritol lipids are used to breakdown the environmental pollution and clean the polluted site such as water and soil. Therefore, rising usage of mannosylerythritol lipids is expected to foster the market growth over the forecast timeframe.

Increasing application of mannosylerythritol lipids in oil recovery is projected to stimulate the market growth over the forecast period. The market growth is also expected to gain growth on the account of rising demand for oil around the globe. According to the U.S. Energy Information Administration’s (EIA), an average of 11.9 million barrels of U.S. crude oil were produced per day in 2022, below the record in 2019 of an average of 12.3 million barrels per day. The EIA is forecasting a new record for this year, but barely higher, at an average of 12.4 million barrels per day.

Figure 2 Global Mannosylerythritol Lipids Market, By Region, 2022

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Global Mannosylerythritol Lipids Market - Market Trends

The rising trend of using sugarcane to produce mannosylerythritol lipids (MEL) as it is considered as the best source of carbon is expected to foster market growth. Many manufacturers are focusing on the production of more efficient biosurfactant by using sugarcane juice as it is one of the most economical resources. Therefore, growing demand for more efficient biosurfactant is projected to accelerate the market growth of mannosylerythritol lipids over the forecast period.

Growing research development for the production of bio-based surfactants is expected to fuel market growth. For instance, in October 2016, the team of Nuno Faria (Ph.D., MIT Portugal Program graduate), Frederico Ferreira (IBB-IST) and César Fonseca (Ph.D., former Researcher at LNEG, Professor at Aalborg University has developed a new technology aims at producing biodegradable and non-toxic biosurfactants (detergents) from renewable resources (agricultural and forest wastes) as an alternative to oil-based products.

Global Mannosylerythritol Lipids Market - Regional Insights

North America dominated the global mannosylerythritol lipids market in 2022, accounting for a 5.1% share in terms of value. It is due to the regions strong presence in the personal care and cosmetics industry, which is the key application areas of mannosylerythritol lipids the demand for natural and sustainable ingredients in this region, coupled with consumer preferences for eco-friendly products, is likely to drive the adoption of mannosylerythritol lipids market by forecast prriod. Additionally, North America has a well-established pharmaceutical and industry sector, where mannosylerythritol lipids may find applications in the future.

Global Mannosylerythritol Lipids Market - Key Developments

• In March 2022, Kao Corporation championed a more inclusive approach to beauty with the launch of the Wakati-brand, designed especially for women having type three-four hair, and mainly for kinks, coils, as well as curls. Kao Corp. engages in the manufacture and sale of consumer and chemical products. It operates through the following segments: Beauty Care, Human Health Care, Fabric and Home Care, and Chemicals. It also offers sanitary napkins, baby diapers, health beverages, laundry detergents, kitchen cleaners, surfactants, fatty alcohol, edible fats and oils, toners, fragrances and aroma chemicals. The company also provides oleo chemicals, performance chemicals, and specialty chemicals.
• In 2019, a South Korea based company called CJ CheilJedang launched it’s of mannosylerythritol lipids – based biosurfactant product called MEL-A. CJ CheilJedang Corp. engages in the development, production, and sale of processed foods. It operates through the following Business Divisions: Food, Life Science, and Logistics. The Food division provides sugar, flour, oil, and others. The Life Science division offers pharmaceuticals.
• In 2019, Ecover launched a line of products with mannosylerythritol lipids. The products includes dishwashing liquids, laundry detergents and all-purpose cleaners. Mannosylerythritol lipids are biodegradable and are used to make the products more environmentally friendly. Ecover Manufacturer of home care products. The company's home care products include washing powder, laundry liquid, fabric conditioner, stain remover, rinse acid, dishwasher tablets, bathroom cleaner, window and glass cleaner, toilet cleaner, hand soap and other home care products.

Global Mannosylerythritol Lipids Market - Key Players

Key players operating in the global mannosylerythritol lipids market includes Toyobo Co. Ltd., Biotopia Co. Ltd., Damy Chemicals Co. Ltd., and Kanebo Cosmetics (Formulator).

*Definition: Mannosylerythritol lipids (MELs) are glycolipid biosurfactants produced by fungi of the Ustilaginaceae family in the presence of hydrophobic carbon sources such as plant oils.