Sodium Cocoyl Glycinate Market
Sodium Cocoyl Glycinate Market Size And Forecast
The Global Sodium Cocoyl Glycinate Market report provides a holistic evaluation of the market for the forecast period. The report comprises various segments as well as an analysis of the trends and factors that are playing a substantial role in the market. These factors; the market dynamics involve the drivers, restraints, opportunities, and challenges through which the impact of these factors in the market is outlined. The drivers and restraints are intrinsic factors whereas opportunities and challenges are extrinsic factors of the market. The Global Sodium Cocoyl Glycinate Market study provides an outlook on the development of the market in terms of revenue throughout the prognosis period.
Sodium Cocoyl Glycinate Market was valued at USD 57.57 Million in 2019 and is projected to reach USD 83.55 Million by 2027, growing at a CAGR of 4.77 % from 2020 to 2027.
What is Sodium Cocoyl Glycinate?
Sodium cocoyl glycinate is an amino acid-derivative based moderate surfactant. It is derived from natural coco fatty acid and amino acid glycine. It is available in 3 forms – solid, liquid, and powdered form. It is biodegradable and sometimes derived from plant oils. Sodium cocoyl glycinate produces a concentrated, creamy and elastic foam, even in hard water. It forms a silky texture, reduces irritability, and safe to use making it suitable for skin cleaners. This mixture is primarily used to manufacture sulfate-free products. Sodium cocoyl glycinate is predominantly used in skincare and haircare segments such as shampoos, body wash, face wash, and cleansers.
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Global Sodium Cocoyl Glycinate Market Outlook
In the report, the market outlook section mainly encompasses fundamental dynamics of the market which include drivers, restraints, opportunities and challenges faced by the industry. Drivers and Restraints are intrinsic factors whereas opportunities and challenges are extrinsic factors of the market.
The rise in demand for sulfate-free products, development in the application of mild surfactants, and advancement in manufacturing technologies is expected to fuel the growth of the global sodium cocoyl glycinate market. The humungous demand for products such as shampoos, face wash, cleaners, and body wash prompted through promotional ads globally is likely to drive the demand for the forecast period.
The emergence of sustainable manufacturing for developing mild surfactants to meet the demand of the ever-increasing population is anticipated to propel the market growth. On the contrary, complexity in processing and high cost of manufacturing are the potential restraints hampering the overall market. Whereas, growth in urbanization, increasing per capita spending, and rapidly changing consumer lifestyle offers the favorable growth opportunities.
Verified Market Research narrows down the available data using primary sources to validate the data and use it in compiling a full-fledged market research study. The report contains a quantitative and qualitative estimation of market elements which interests the client. The “Global Sodium Cocoyl Glycinate Market” is mainly bifurcated into sub-segments which can provide a classified data regarding latest trends in the market.
Global Sodium Cocoyl Glycinate Market Competitive Landscape
The “Global Sodium Cocoyl Glycinate Market” study report will provide a valuable insight with an emphasis on global market including some of the major players such as Ajinomoto Omnichem S.A., Clariant International Ltd., Galaxy Surfactants Ltd., Guangzhou Tinci Materials Technology Co. Ltd., Henan Surface Chemical Industry Co. Ltd., Innospec Inc., Parchem, Sino Lion (USA) Ltd., Solvay S.A., Stepan Company, and Others.
Our market analysis also entails a section solely dedicated for such major players wherein our analysts provide an insight to the financial statements of all the major players, along with its product benchmarking and SWOT analysis. The competitive landscape section also includes key development strategies, market share and market ranking analysis of the above-mentioned players globally.
Sodium Cocoyl Glycinate Market, By Type
Sodium Cocoyl Glycinate Market, By Application
• Skin Care
• Hair Care
Sodium Cocoyl Glycinate Market Geographic Scope
• North America
o Rest of Europe
• Asia Pacific
o Rest of Asia Pacific
• Rest of the World
o Middle East & Africa
o Latin America