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Global Sodium Cocoyl Glutamate Market Size By Form, By Application, By Geographic Scope And Forecast


Published on: 2024-08-07 | No of Pages : 320 | Industry : latest updates trending Report

Publisher : MIR | Format : PDF&Excel

Global Sodium Cocoyl Glutamate Market Size By Form, By Application, By Geographic Scope And Forecast

Sodium Cocoyl Glutamate Market Size And Forecast

Sodium Cocoyl Glutamate Market size was valued at USD 170.03 Million in 2024 and is projected to reach USD 222.01 Million by 2031, growing at a CAGR of 3.74% during the forecast period 2024-2031.

Global Sodium Cocoyl Glutamate Market Drivers

The market drivers for the Sodium Cocoyl Glutamate Market can be influenced by various factors. These may include

  • Customer PreferencesThe market for sodium cocoyl glutamate, a natural and mild surfactant, is being driven by rising consumer awareness of and preference for natural and organic personal care products.
  • Health And Safety Concerns As consumers become increasingly aware of the possible health hazards connected to synthetic chemicals in personal care products, natural substances are becoming more popular.
  • Growing Concern For Environmental Sustainability Eco-Friendly ProductsSodium cocoyl glutamate satisfies consumer demand for sustainable and eco-friendly products by being biodegradable and environmentally friendly.
  • Corporate Sustainability Objectives To lessen their influence on the environment, businesses are embracing more and more sustainable methods, such as including biodegradable materials in their formulations.
  • Compliance And Support For Regulations Regulatory ApprovalsMarket expansion is facilitated by favourable regulations and the acceptance of natural ingredients in cosmetics and personal hygiene products.
  • Prohibition Of Dangerous Chemicals Laws that prohibit or limit the use of dangerous chemicals in personal hygiene products are driving producers to look for safer substitutes, such as sodium cocoyl glutamate.
  • Developments In The Personal Care and Cosmetics Sector Innovation in Product FormulationSodium cocoyl glutamate usage is increased by ongoing innovation in product formulations, which includes the creation of softer and more potent surfactants.
  • Release Of New Products Market growth is aided by the introduction of new personal care products that highlight gentle and natural components.
  • Urbanisation And Rising Disposable Income Increased Spending PowerConsumers can now afford to spend more on high-end personal care products, many of which contain natural ingredients, thanks to rising disposable income, particularly in emerging economies.
  • Urban Lifestyle As a result of increased exposure to international beauty and personal care trends brought about by urbanisation, there is a growing market for premium, natural products.
  • E-commerce And Digital Marketing Growth Online Retail ChannelsThe growth of e-commerce platforms makes personal care goods containing sodium cocoyl glutamate more widely available and easier to access.
  • Digital Marketing Powerful digital marketing efforts draw attention to the advantages of natural ingredients, increasing sales and consumer interest.
  • Consumer Education And Awareness Information AccessibilityConsumers are better informed about the advantages of natural ingredients, which influences their purchase decisions, thanks to the internet and social media’s increased availability of information.
  • Influence Of Beauty Bloggers And Influencers Products containing sodium cocoyl glutamate are also greatly aided by the recommendations and endorsements of these individuals.

Global Sodium Cocoyl Glutamate Market Restraints

Several factors can act as restraints or challenges for the Sodium Cocoyl Glutamate Market. These may include

  • Exorbitant Production Costs The complicated manufacturing procedures and requirement for premium raw materials make the production of sodium cocoyl glutamate relatively expensive. This may limit the product’s market penetration by making it more costly in the end than conventional surfactants.
  • Availability Of Alternatives The market is flooded with surfactants, many of which are more well-known and less expensive. It is difficult for sodium cocoyl glutamate to obtain a sizable market share because there are widely utilised substitutes with strong market presence, such as sodium lauryl sulphate (SLS) and sodium laureth sulphate (SLES).
  • Regulatory Obstacles Cosmetic and personal care product regulations can be complicated. Manufacturers have to spend time and money complying with a variety of international standards and regulations. The market may be further impacted by any modifications to the laws.
  • Consumer Perception And Awareness Although there is an increasing trend towards natural and mild surfactants, consumers are still not well-informed about the particular advantages of sodium cocoyl glutamate. Marketing campaigns must be heavily invested in educating consumers and generating demand.
  • Supply Chain Problems There may be hiccups in the supply chain while procuring raw components like glutamic acid and coconut oil. This may cause availability and price fluctuation, which would undermine market stability.
  • Environmental Issues The manufacture and disposal of sodium cocoyl glutamate can have an adverse effect on the environment, despite the fact that it is thought to be more environmentally benign than some traditional surfactants. Costs may increase in order to ensure ecologically friendly and sustainable production methods.
  • Market Penetration In Emerging Nations Cost is still a major deciding factor for many consumers in emerging nations when making purchases. Products with sodium cocoyl glutamate may be less widely used in price-sensitive areas due to their higher price point.

Global Sodium Cocoyl Glutamate Market Segmentation Analysis

The Global Sodium Cocoyl Glutamate Market is Segmented on the basis of Form, Application, And Geography.

Sodium Cocoyl Glutamate Market, By Form

  • Solid Sodium cocoyl glutamate in powder form.
  • Liquid Sodium cocoyl glutamate in an aqueous (water-based) solution.

Sodium Cocoyl Glutamate Market, By Application

  • Hair Care This is the dominant segment, driven by the use of sodium cocoyl glutamate in shampoos and conditioners for its mild cleansing and lathering properties.
  • Skin Care Sodium cocoyl glutamate is used in various skincare products such as soaps, shower gels, and facial cleansers due to its gentle cleansing properties and ability to retain moisture in the skin.
  • Other Applications This segment includes a growing use of sodium cocoyl glutamate in oral care and baby care products.

Sodium Cocoyl Glutamate Market, By Geography

  • North America Market conditions and demand in the United States, Canada, and Mexico.
  • Europe Analysis of the Sodium Cocoyl Glutamate Market in European countries.
  • Asia-Pacific Focusing on countries like China, India, Japan, South Korea, and others.
  • Middle East and Africa Examining market dynamics in the Middle East and African regions.
  • Latin America Covering market trends and developments in countries across Latin America.

Key Players

The major players in the Sodium Cocoyl Glutamate Market are

  • BASF SE
  • Clariant International AG
  • Ajinomoto Co. Ltd.
  • Asahi Kasei
  • Schill Seilacher
  • Sino Lion
  • Taiwan NJC
  • DeWolf Chemical

Report Scope

REPORT ATTRIBUTESDETAILS
STUDY PERIOD

2021-2031

BASE YEAR

2024

FORECAST PERIOD

2024-2031

HISTORICAL PERIOD

2021-2023

UNIT

Value (USD Billion)

KEY COMPANIES PROFILED

BASF SE, Clariant International AG, Ajinomoto Co. Ltd., Asahi Kasei, Schill Seilacher, Taiwan NJC, DeWolf Chemical

SEGMENTS COVERED
  • By Form
  • By Application
  • By Geography
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Reasons to Purchase this Report

• Qualitative and quantitative analysis of the market based on segmentation involving both economic as well as non-economic factors• Provision of market value (USD Billion) data for each segment and sub-segment• Indicates the region and segment that is expected to witness the fastest growth as well as to dominate the market• Analysis by geography highlighting the consumption of the product/service in the region as well as indicating the factors that are affecting the market within each region• Competitive landscape which incorporates the market ranking of the major players, along with new service/product launches, partnerships, business expansions and acquisitions in the past five years of companies profiled• Extensive company profiles comprising of company overview, company insights, product benchmarking and SWOT analysis for the major market players• The current as well as future market outlook of the industry with respect to recent developments (which involve growth opportunities and drivers as well as challenges and restraints of both emerging as well as developed regions• Includes an in-depth analysis of the market of various perspectives through Porter’s five forces analysis• Provides insight into the market through Value Chain• Market dynamics scenario, along with growth opportunities of the market in the years to come• 6-month post sales analyst support

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