Overview and Scope
Sodium cocoyl isethionate is a component that is extracted from coconut oil. Sodium Cocoyl Isethionate is used mainly in the creation of bath soaps and cleaning ingredients for beauty and personal care products.
Sizing and Forecast
The sodium cocoyl isethionate market size has grown strongly in recent years. It will grow from $0.18 billion in 2023 to $0.2 billion in 2024 at a compound annual growth rate (CAGR) of 8.7%. The growth in the historic period can be attributed to consumer demand for mild surfactants, rising popularity of solid bar products, growth in natural and organic personal care, increasing awareness of sensitive skin care, preference for sulfate-free formulations.
The sodium cocoyl isethionate market size is expected to see strong growth in the next few years. It will grow to $0.28 billion in 2028 at a compound annual growth rate (CAGR) of 8.7%. The growth in the forecast period can be attributed to continued demand for gentle surfactants, innovation in solid personal care products, emphasis on biodegradability and sustainability, expansion in baby care product offerings, continued popularity in facial cleansers. Major trends in the forecast period include innovation in multifunctional formulations, focus on mildness for sensitive skin care, adoption in baby care and dermatological products, rising demand in high-foaming hair care products, global expansion of sodium cocoyl isethionate applications.
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Segmentation & Regional Insights
The sodium cocoyl isethionate market covered in this report is segmented –
1) By Type: Powder, Needles And Flakes, Granules
2) By Product Type: Cleansing Sodium Cocoyl Isethionate, Hair Conditioning Sodium Cocoyl Isethionate, Surfactant Sodium Cocoyl Isethionate, Other Product Types
3) By Application: Skin Care, Hair Care, Baby Care, Oral Care, Other Applications
North America was the largest region in the sodium cocoyl isethionate market in 2023. Asia-Pacific is expected to be the fastest-growing region in the market. The regions covered in the sodium cocoyl isethionate market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
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Major Driver Impacting Market Growth
The growing demand for skincare products is expected to drive the growth of the sodium cocoyl isethionate market in the coming years. Skincare products, such as face masks and body scrubs, play an important role in self-care routines. Sodium cocoyl isethionate is a solvent that allows water, oil, and dirt to be combined to make things clean. Sodium cocoyl isethionate can be used in hundreds of skincare products such as facial cleansers, bar soap, acne products, styling products and other products. According to Trefis, a financial research and analysis company, the global skincare industry was worth almost $135 billion, rising almost 60% in the last 10 years, and Trefis estimates it to hit $180 billion, a rise of over 30% by 2023. Therefore, the growing demand for skincare products drives the growth of the sodium cocoyl isethionate market.
Key Industry Players
Major companies operating in the sodium cocoyl isethionate market report are BASF SE, L'Oréal S.A., Solvay SA, Akzo Nobel N.V., Clariant International Ltd., Nouryon Chemicals Co Ltd., Stepan Company, Sino Lion USA Ltd., Innospec Inc., Aegischem Ltd., Galaxy Surfactants Ltd., Chemistry Connection, Huanggang Yongan Pharmaceutical Co Ltd., Huzhou Zhanwang Pharmaceutical Co Ltd., Colonial Chemical Inc., Columbus Chemical Industries Inc., Vantage Specialty Ingredients Pvt Ltd., Matangi Industries LLP, JEEN International Corporation, Shijiazhuang City Horizon Chemical Industry Co Ltd., Ithos Global Inc., Earth Science Naturals Inc., Taiwan Nihon Jakie Corporation, KIYU New Material Co Ltd., Henan Surface Chemical Industry Co Ltd., MiLLChem-Akott LP, Wuhan Glorious Chemical Co Ltd., Shanghai Bett Chemical Co Ltd., Bafeorii Chemical Co Ltd., Starchem Enterprises Limited
The sodium cocoyl isethionate market report table of contents includes:
1. Executive Summary
2. Sodium Cocoyl Isethionate Market Characteristics
3. Sodium Cocoyl Isethionate Market Trends And Strategies
4. Sodium Cocoyl Isethionate Market - Macro Economic Scenario
5. Global Sodium Cocoyl Isethionate Market Size and Growth
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32. Global Sodium Cocoyl Isethionate Market Competitive Benchmarking
33. Global Sodium Cocoyl Isethionate Market Competitive Dashboard
34. Key Mergers And Acquisitions In The Sodium Cocoyl Isethionate Market
35. Sodium Cocoyl Isethionate Market Future Outlook and Potential Analysis
36. Appendix
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