Global Sodium Cocoyl Isethionate Market - Forecast 2022-2027

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Sodium Cocoyl Isethionate market size is forecast to reach US$259.2 million by 2027, after growing at a CAGR of 5.8% during 2022-2027.

Global Sodium Cocoyl Isethionate Market - Forecast 2022-2027

Sodium Cocoyl Isethionate Market Overview

Sodium Cocoyl Isethionate market size is forecast to reach US$259.2 million by 2027, after growing at a CAGR of 5.8% during 2022-2027. Sodium cocoyl isethionate is a fine white powder derived from the fatty acid in coconut oil and isethionic acid, a type of sulfonic acid. The growing demand for natural ingredients in-home care and personal care is one of the major factors driving the market growth during the forecast period 2022-2027. The manufacturers of personal care are replacing sulfate surfactants with sodium cocoyl isethionate in various products such as body soaps, creams and lotions among others. Sodium cocoyl isethionate is widely preferred as a versatile and mild primary surfactant in liquid and solid formulations. The growing consumer spending on various personal care products such as hair care, skincare and body care also supports the market growth during the forecast period. The COVID-19 outbreak led to major economic problems and challenges for the personal care and industries globally. According to the International Monetary Fund (IMF), the global GDP growth declined by 3.5% owing to the economic impact of COVID-19. Governments all across the globe announced strict measures to slow the spread of the coronavirus and only the production of essential commodities was allowed, which impacted the non-essential commodity industries, thereby impacting the production of Sodium Cocoyl Isethionate.

Report Coverage

The report: “Sodium Cocoyl Isethionate Market Report – Forecast (2022-2027)” by IndustryARC, covers an in-depth analysis of the following segments in the Sodium Cocoyl Isethionate industry.

By Type: Flakes, Powder and Granules.
By Application: Personal care [Haircare (Shampoos, Conditioners, Hair color and bleaching, Hair Serum, Others), Skincare (Moisturizer, Creams {Face Cream, Anti-Aging Cream, Sun Protection Cream} Body lotions, Facial and body Powder, Others), Oral Care (Toothpaste, Mouthwashes, Multifunctional Products, Others), Body Care (Bar Soaps, Bathing Gels, Bath butters, Others), Baby Care Products], Pharmaceutical and Electroplating and Electro polishing.
By Geography: North America (USA, Canada and Mexico), Europe (UK, France, Germany, Italy, Spain, Netherlands, Belgium and Rest of Europe), Asia Pacific (China, Japan, India, South Korea, Australia & New Zealand and Rest of APAC), South America (Brazil, Argentina, Colombia, Chile, Rest of South America) and Rest of the world (Middle East (Saudi Arabia, UAE, Israel and Rest of Middle East) and Africa (South Africa, Nigeria and Rest of Africa).

Key Takeaways

The Asia-Pacific region is expected to grow at a high CAGR 0f 6.2% during the forecast period. One of the key drivers driving the market is the growing production and skin care products along with increasing consumer expenditure on beauty products.
The growing trend for sustainable, clean and natural label products by consumers is augmenting the sales of sodium cocoyl isethionate during the forecast period.
However, fluctuating oil prices along with the availability of other raw materials for the personal care industry are likely to hamper the market growth during the forecast period.

Figure: Asia-Pacific Sodium Cocoyl Isethionate Market Revenue, 2021-2027 (US$ Million)

Sodium Cocoyl Isethionate Market

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Sodium Cocoyl Isethionate Market Segment Analysis – By Type

The Powder segment held the largest share with 42% in the Sodium Cocoyl Isethionate market in 2021 and is anticipated to grow at a significant CAGR during the forecast period 2022-2027. The powder-based sodium cocoyl isethionate is a highly active, flowable and finely divided product used in various products such as combo bars, syndet bars, facial cleaners, shampoos and liquid soaps among others. According to the facts published by ITC (International Trading Centre), the USA exported over US$ 290.43 million worth of soap products in 2020, representing nearly 8% of the world’s total soap exports. Some of the major soap manufacturing companies in the USA include Church & Dwight, Colgate-Palmolive, Ecolab and Procter & Gamble among others. The growing demand for raw materials from these companies is one of the majors driving the market for powder-based sodium cocoyl isethionate during the forecast period.

Sodium Cocoyl Isethionate Market Segment Analysis - By Application

The Personal Care segment held the largest share with 38% in the Sodium Cocoyl Isethionate market in 2021 and is anticipated to grow at a significant CAGR during the forecast period 2022-2027. The sodium cocoyl isethionate offers various properties such as high foam performance & extreme mildness and offers a soft and silky skin feeling among others. Hence these properties of the product are driving the personal-care manufacturers to use it in different types of products such as skin care, body care and baby care among others. The growing demand for sulfate-free surfactants in the personal care industry is also propelling the market growth during the forecast period. <span lang="EN-US" times="" new="" roman";mso-bidi-font-family:="" calibri;mso-bidi-theme-font:minor-latin"="" style="box-sizing: border-box;">According to the Ministry of Economy, Trade and Industry (METI), the cosmetics and personal care products market of Japan reached US$35 billion in 2019, making it the world’s third-largest after the U.S. and China. Japan has about 3,000 beauty care manufacturing companies, including global brands of Shiseido, Kao, Kose and Pola Orbis. These are some of the major factors supporting the market growth during the forecast period 2022-2027.

Sodium Cocoyl Isethionate Market Segment Analysis – By Geography

The Asia- Pacific region dominated the Sodium Cocoyl Isethionate market share in terms of revenue with a share of 32% in 2021 and is projected to dominate the market during the forecast period (2022-2027). The presence of key manufacturers including Galaxy Surfactants Ltd., BASF SE, Akzo Nobel N.V., and Taiwan NJC Corporation; are driving the market growth for Sodium Cocoyl Isethionate in the Asia Pacific region. The growing production of personal care and cosmetic products in developing nations such as India, Japan and China are supporting the market growth during the forecast period. The presence of notable personal care manufacturers such as Unilever Group, L’Oreal Group, Godrej Group and Johnson & Johnson among others. According to the facts published by Indian beauty and personal care (BPC), the industry is estimated to be worth USD 10 billion in 2021 and estimated to grow by a CAGR of 6.5% during 2021-2024.

Sodium Cocoyl Isethionate Market Driver

Growing Demand for Natural Ingredients in Personal Care Industry

Sodium Cocoyl Isethionate is a sodium salt ester that is derived from coconut oil. Generally, they are used as surfactants in personal care and cleaning products like body wash, shampoos, shaving foams and conditioners among others. Natural personal care products are gaining popularity in developed and developing nations due to their benefits in terms of health and well-being. The personal care manufacturers are also increasing R&D investments to produce chemical-free products. According to a report published by the Indian Beauty & Hygiene Association, the all-natural market occupies around one-third of the personal care market and growing at 2.5 times more than the non-natural market. According to the facts published by Pacific Trade Invest, due to rising consumer awareness, recent studies show that the European natural organic cosmetics market, valued at €3.6 billion in 2018, is growing faster than the overall cosmetics market. Hence the growing demand for natural ingredients is driving the market for Sodium Cocoyl Isethionate during the forecast period.

Increasing demand for cleansing products will support the market growth

Sodium Cocoyl Iethionate is used as an important surfactant ingredient in mild, syndet (synthetic detergent) cleansing bars. Surfactants are used as cleansing agents as they mix well with both oils and water. So, sodium cocoyl isethionate is preferred in a wide range of cleaning products such as shampoos, soaps, baby care products and body washes among others. Rising awareness regarding personal hygiene among adults along with an increased number of working professionals is supporting the demand of the cleansing product which is further supporting the market for sodium cocoyl isethionate. According to the data published by Qatar Development Bank (QDB), the market for detergents, soaps and toilet soaps registered about 75,600,and 36,600 metric tons in 2019. The global liquid soap market is also reached USD 18.5 billion in 2019.

Sodium Cocoyl Isethionate Market Challenges

Availability of substitute products in the market

The Sodium Cocoyl Isethionate has several substitutes such as sodium lauryl sulfate (SLS), sodium coco sulfate (SCS) and sodium C14-16 olefin sulfonate among others. These substitutes have similar chemical properties and performance. However, the high cost and complexity of extracting sodium salt from coconut oil likely hamper the market growth in the forecast period. Additionally, other products such as sodium lauryl sulfate (SLS) and sodium coco sulfate are used in many cleaning products and liquid personal care products due to their transparent esthetic properties. The average price of sodium cocoyl isethionate ranges from US$ 3,800 to 7,000/ton whereas sodium lauryl sulfate ranges from US$ 1,500 to 3,000/ton.

Sodium Cocoyl Isethionate Industry Outlook

Technology launches, acquisitions and R&D activities are key strategies adopted by players in the Sodium Cocoyl Isethionate market. The Sodium Cocoyl Isethionate market's top 10 companies are: