Sodium Cocoyl Glycinate Market Size 2023-2030 Global Industrial Analysis, Market Share, Top Key Players

Sodium Cocoyl Glycinate Market

The global sodium cocoyl glycinate market size was worth around USD 71.45 Million in 2022 and is predicted to grow to around USD 105.67 Million by 2030 with a compound annual growth rate (CAGR) of roughly 4.99% between 2023 and 2030. The report analyzes the global sodium cocoyl glycinate market drivers, restraints/challenges, and the effect they have on the demands during the projection period.

Global Sodium Cocoyl Glycinate Market: Overview

Sodium cocoyl glycinate, also referred to as glycinate, is an amino acid-based mild surfactant derived from natural coco fatty acid and amino acid glycine. It is available in powder and liquid forms. The mildness features of glycinate favor its application in hair shampoo, skin care, body wash, and shaving cream. Sodium cocoyl glycinate is primarily used to manufacture sulfate-free products.

Global Sodium Cocoyl Glycinate Market: Growth Factors

Rise in demand for sulfate-free products, development in application of mild surfactants, and advancement in manufacturing technologies are anticipated to drive sodium cocoyl glycinate market demand in the ensuing years. Rise in awareness about sulfate-free products through promotional ads has prompted manufacturers to develop new-generation mild water-soluble sulfate-free surfactants. This, in turn, has created humungous demand for these products in shampoos, face wash, cleaners, and body wash, thereby propelling the growth of sodium cocoyl glycinate market. Rise in consumer awareness about raw materials used in personal care products is also estimated to fuel the demand for sodium cocoyl glycinate in the years to come. Emergence of sustainable manufacturing technologies for developing mild surfactants to meet the demand of the ever-increasing population is also projected to propel the sodium cocoyl glycinate market earnings in the near future.

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The usage of sodium cocoyl glycinate in cosmetic products is anticipated to increase during the forecast period, as it possesses chemical properties such as high lather formation and minimum cleanser-induced damage to the skin. However, complexity in processing and high cost of manufacturing is anticipated to hamper the sodium cocoyl glycinate market during the forecast period.

Global Sodium Cocoyl Glycinate Market: Segmentation

The global sodium cocoyl glycinate market can be divided based on form and application.

Based on the form, the sodium cocoyl glycinate market can be segmented into solid or powdered form and liquid form.

Based on the application, the market can be sectored into skin care and hair care applications.

Global Sodium Cocoyl Glycinate Market: Regional Analysis

Based on regions, the global sodium cocoyl glycinate market can be divided into five main regions: North America, Europe, Asia Pacific, Latin America, and the Middle East and Africa. North America and Europe are expected to hold prominent share of the sodium cocoyl glycinate market, as the per capita expenditure on personal care products and consumption of premium cosmetic products is high in these regions. North America also constitutes significant share of the market. The market in Asia Pacific is estimated to expand at a fast pace due to the rapid economic development and increase in disposable income in countries such as China and India. In addition, massive demand and high per capita expenditure for personal care items in countries such as China, India, Japan, and Korea will further spur the market demand in the region. The sodium cocoyl glycinate market in Middle East & Africa and Latin America is expected to expand at a significant pace during the forecast period.

Global Sodium Cocoyl Glycinate Market: Competitive Players

The key market players of the global sodium cocoyl glycinate market include:

Ajinomoto Omnichem S.A.
Clariant
Galaxy Surfactants
Innospec Inc.
Sino Lion Ltd
Solvay S.A.
Stepan Company
Henan Surface Chemical Industry Co Ltd
Guangzhou Tinci Materials Technology Co. Ltd.

Companies are investing significantly in the development of new production facilities to increase their production capacity in order to cater to the demand for sodium cocoyl glycinate.

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