The global sodium-cocoyl-isethionate sci market is anticipated to grow at a significant CAGR during the forecast period (2022-2028). Sodium- cocoyl- isethionate is a surfactant that allows water, oil, and dirt to mix, allowing things to become cleaner. It is generally found in personal care products such as skincare products, oral care, and more. The rise in the incidence of skin conditions such as acne, black spots, scars, and more are anticipated to drive the demand for sodium-cocoyl-isethionate. For instance, according to the data published by National Center for Biotechnology Information (NCBI) in 2020, acne is the most prevalent disease with a prevalence of 9.4% globally. Moreover, a cross-sectional study was designed, where the data was collected from 484 residents of Hail city. The study revealed that 65% of respondents were suffering from mild to moderate acne and 81.0% of respondents had acne on the whole face. Thus, by simple cost effective life modification, its occurrence and the late consequence could be minimized. Therefore, the demand for skincare products is anticipated to rise, which will, in turn, drive the growth of the sodium cocoyl-isethionate sci market.
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According to the State Administration of Market Regulation (SAMR), in 2020, there were 2.77 million registered cosmetics-related enterprises up from 12.0% of the 2.47 million enterprises registered in China in 2019. Among these, 74.0% consisted of small enterprises and 1.0% were large enterprises. Moreover, according to the National Beuarue of Statistics, the sale of cosmetics in November 2020 and March 2021 accounted for 32.3% and 42.5% respectively. Further, according to the mainland research report on strategic investment planning in China’s cosmetic sector, the online sales channels accounted for 38% of total cosmetic sales. Thus, the rise in the number of competitors and rising demand for cosmetics is anticipated to drive the growth of the global sodium cocoyl-isethionate sci market.
Looking towards the demand of sodium cocoyl-isethionate sci, key market players are adopting various strategies including mergers & acquisitions, geographical expansion, partnerships and collaborations, and new product launches, to stay competitive in the market. For instance, in March 2020, Group GM had launched Damana Earth –solid Sun Range. The product is composed of a mixture of mild surfactants such as sodium cocoyl isethionate derived from cocnut oil, emulsifiers, and emollients. The packaging of these products is made of FSC certified cardboard, coated with water-resistant varnish. According to Group GM, the range included three 20g solid bars such as citrus shower gel, juniper shampoo, and white nettle conditioner, which have been dermatologically tested. Thus, such product launches are anticipated to drive the growth of the global sodium cocoyl-isethionate sci market during the forecast period (2022-2028).
Market Coverage
- The market number available for – 2021-2028
- Base year- 2021
- Forecast period- 2022-2028
- Segment Covered-
- By Type
- By Application
- Regions Covered-
- North America
- Europe
- Asia-Pacific
- Rest of the World
- Competitive Landscape- BASF SE, Clariant International Ltd, Galaxy Surfactants Ltd and Taiwan NJC Corp among others .
Key questions addressed by the report
- What is the market growth rate?
- Which segment and region dominate the market in the base year?
- Which segment and region will project the fastest growth in the market?
- How has COVID-19 impacted the market?
- Deviation from the pre-COVID-19 forecast
- Most affected region and segment
- Who is the leader in the market?
- How players are addressing challenges to sustain growth?
- Where is the investment opportunity?
Global Sodium Cocoyl Isethionate sci Market Report by Segment
By Type
- Flakes
- Powders
- Granules
By Application
- Haircare (Shampoos, Conditioners, and Hair Styling Products
- Skin Care (Shower Gels, Soaps and Cleansers, Shaving Foams and Others)
- Oral Care
- Baby Care
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