REPORT ATTRIBUTE | DETAILS |
---|---|
MARKET SIZE (2032) | USD 190.1 Million |
MARKET SIZE (2023) | USD 170.1 Million |
CAGR (2023-2029) | 4.9% |
HISTORIC YEAR | 2019 |
BASE YEAR | 2023 |
FORECAST YEAR | 2032 |
BY TYPE | Sodium Cocoyl Glutamate [SCG] |
BY APPLICATION | Skincare Hair Care Oral Care Bath & Shower Products Baby Care Products Others |
GEOGRAPHIC ANALYSIS | North America, Europe, Asia Pacific, Latin America, and Middle East & Africa |
KEY PLAYERS | Ajinomoto Co., Inc., BASF SE, Clariant AG, Croda International Plc, Galaxy Surfactants Ltd., Innospec Inc., Jarchem Industries Inc., Kao Corporation, KLK OLEO Group, Lonza Group, Sino Lion (USA) Ltd., Solvay S.A., Stepan Company, Taiwan NJC Corporation, The Lubrizol Corporation. |
Introduction:
Monosodium glutamate is a mild, biodegradable surfactant derived from coconut oil and glutamic acid that is widely used in personal care and cosmetic products. Known for its gentle cleansing and foaming properties, Sodium Cocoyl Glutamate is popular for its ability to effectively cleanse without causing irritation or dryness, making it suitable for sensitive skin types.
Sodium Cocoyl Glutamate Market was valued at USD 170.1 Million in 2023 and is expected to reach USD 190.1 Million by 2032 at a CAGR of 4.9% from 2024 to 2032.
This ingredient is valued in formulations due to its natural origin, sustainable production methods, and compatibility with various skin and hair care products. Its eco-friendly profile and ability to improve product lather and skin feel have increased its popularity in the cosmetics industry. As consumer preferences shift toward sustainable and skin-friendly ingredients, MSG remains a key ingredient in formulations that prioritize both efficacy and environmental responsibility.
Overview:
The Sodium Cocoyl Glutamate Market size is expected to develop revenue and exponential market growth. The growth of the market is due to the fact that the demand for MSG, which has a shower, shampoo, cleaning, and other applications, is increasing globally. The report provides insights into the lucrative opportunities in the Sodium Cocoyl Glutamate market at the country level. The report also includes precise costs, segments, trends, regions, and business development of key players during the forecast period.
Sodium Cocoyl Glutamate Market report represents the collected information about the industry or the market of different industries. The Sodium Cocoyl Glutamate market report includes analysis in terms of quantitative and qualitative data and the forecast period of the report extends from 2024 to 2032. While compiling the report, various factors were considered, such as product prices, distribution of the product or service in Estonia. both countries. country and regional level, country GDP, parent market and sub-market market dynamics, end application industry, key players, consumer buying behaviour, economic, political, and social scenarios of countries, and much more. The report is divided into various segments to provide a detailed analysis of the market from all possible aspects.
Research Methodology:
The qualitative and quantitative data of the Sodium Cocoyl Glutamate Market is prepared through various research considerations such as subject matter expert advice, primary and secondary research. Primary research leverages valuable information from face-to-face and/or telephonic interviews and surveys, questionnaires, industry expert opinion, KOLs, customers, and others. Primary interviews are conducted regularly with industry experts to create in-depth expert information on the market and to substantiate the existing analysis of the data.
Secondary research done through various sources such as,
Company websites, annual reports, financial reports, investor presentations and SEC filings
Internal and external proprietary databases, relevant patent, and regulatory databases
National government documents, statistical databases, and market reports
News articles, press releases and web-casts specific to the companies operating in the market
Paid database.
Value Chain Analysis:
Raw Material Supply: SCG is derived from coconut oil sourced from coconut regions around the world. Obtained by fermentation processes using natural sources such as sugarcane or gluten-free grains.
Preparation of Monosodium Glutamate: Coconut oil is hydrolyzed to release fatty acids, which are then combined with glutamic acid in a chemical reaction to produce SCG. SCG is prepared in various concentrations and purity levels depending on the intended cosmetic use.
Packaging and Distribution: SCG is packaged in suitable containers for transport and storage, ensuring product integrity and regulatory compliance. Distributed to cosmetic and personal care manufacturers worldwide, either directly or through distributors.
Cosmetic Manufacturing: Cosmetic manufacturers are incorporating SCG into skin care, hair care, and personal care products. Ensuring that SCG meets regulatory and product specifications for safety, efficacy, and consistency.
Marketing and Sales: SCG's natural origin and gentle properties are emphasized in marketing campaigns aimed at consumers interested in sustainable and gentle skin care solutions. Sold through retail channels, online platforms, and direct sales to cosmetic companies.
Consumption: Consumers purchase cosmetics and personal care products containing SCG for daily use based on natural ingredients, efficacy and skin compatibility.
After-Sales Service: Providing product usage, safety and troubleshooting information to consumers and retailers. Collect consumer feedback to improve formulations and product offerings.
Disposal and Recycling: Monitoring SCG's environmental impact through sustainable sourcing practices, biodegradability and recyclable packaging.
Compliance: Ensuring that cosmetics and personal care products comply with regulations and standards in different regions of the world.
Market Segmentation:
By Type:
By Application:
By Region:
North America
Europe
Asia-Pacific
Latin America
Middle East & Africa
Market Opportunities:
Growing Demand for Natural Ingredients: Growing consumer preference for natural and sustainable ingredients in cosmetics and personal care products offers a significant opportunity for monosodium glutamate (SCG) derived from coconut oil and glutamic acid, both renewable natural resources.
Growing Awareness of Skin Sensitivity: SCG's mild and gentle cleansing properties make it suitable for sensitive skin types, a market segment that prioritizes skin health and comfort.
Expansion in Emerging Markets: The growing economies of Asia Pacific, Latin America, and Africa present SCG with untapped opportunities as disposable incomes increase and consumer lifestyles change.
Innovations in Product Formulations: Continued R&D efforts to improve the efficacy, versatility, and compatibility of SCG formulations with various cosmetic applications provide opportunities for market growth.
Regulatory Support for Natural Products: Favourable regulatory trends promoting the use of natural and biodegradable ingredients in personal care products will support SCG market entry and acceptance.
Key Players:
Market Restraints:
Cost and Price Pressure: Despite its advantages, SCG can have problems with production costs and price competitiveness compared to synthetic alternatives, affecting adoption in cost-sensitive markets.
Availability and Supply Chain Limitations: Dependence on reliable sources of raw materials such as coconut oil and glutamic acid can create supply chain risks, affecting product availability and price stability.
Competition Among Synthetic Surfactants: Intense competition among synthetic surfactants that offer comparable cleaning properties at potentially lower costs may hinder the expansion of the SCG market.
Technological Constraints: Constraints related to technological development and scale of production processes can limit the ability to effectively respond to growing market demand.
Consumer Education and Awareness: Limited consumer awareness of SCG and its advantages over established synthetic alternatives may slow market entry, requiring investment in marketing and education.
Recent Development:
27 May, 2024 Ajinomoto Co., Inc. (Ajinomoto), a JOC and JPC official sponsor (category: Cooking Condiments, Dehydrated Soup, Nutritional Supplement, Prepared Frozen Foods, Coffee Beans), announced its comprehensive nutritional support plan for TEAM JAPAN, the Japan Olympic and Paralympic Team participating in the Olympic and Paralympic Games Paris 2024, commencing on July 26.
22 March 2022 Galaxy Surfactants Ltd, one of the largest manufacturers of performance surfactants and Specialty Care Products in the country has achieved the status of being a water positive company.
7 June 2024 CSSC Power (Group) Corporation Limited (CPGC) will install its advanced Onboard Carbon Capture System (OCCS) on multiple liquefied natural gas (LNG) carriers and utilize BASF’s OASE® blue technology.
Frequently Asked Questions (FAQs):
Q.1 How big is the Sodium Cocoyl Glutamate Market?
Ans: Sodium Cocoyl Glutamate Market was valued at USD 170.1 Million in 2023 and is expected to reach USD 190.1 Million by 2032 at a CAGR of 4,9% from 2024 to 2032.
Q.2 Who are the major players in the Sodium Cocoyl Glutamate Market?
Ans: Ajinomoto Co., Inc., BASF SE, Clariant AG, Croda International Plc, Galaxy Surfactants Ltd., Innospec Inc., Jarchem Industries Inc., Kao Corporation, KLK OLEO Group, Lonza Group, Sino Lion (USA) Ltd., Solvay S.A., Stepan Company, Taiwan NJC Corporation, The Lubrizol Corporation.
Q.3 Which segments are covered in the report of Sodium Cocoyl Glutamate Market?
Ans: The Sodium Cocoyl Glutamate Market is Segmented on the basis of Type, Application, and region.
Q.4 Which regions are covered in the report that having potential scope for the Sodium Cocoyl Glutamate Market?
Ans: On the basis of region, The Sodium Cocoyl Glutamate Market is classified into North America, Europe, Asia Pacific, and the Rest of the world.
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