MANNOSYLERYTHRITOL LIPIDS MARKET ANALYSIS

Market Challenges And Opportunities

Global Mannosylerythritol Lipids Market - Restraints

• Witnessing relatively slow growth in regions

Developed regions such as North America and Europe are key consumers of mannosylerythritol lipids, but these markets are mature and thus witnessing relatively slow growth. This factor is expected to hamper the market growth. At the same time, China is another major the market for mannosylerythritol lipids, which is also facing a slow economic downturn. This factor is expected to restrict the market growth. Additionally, the shorter shelf life of the mannosylerythritol lipids is another major factor restricting the adoption of this product. This is the factor is expected to restrict the adoption of mannosylerythritol lipids, which in turn hampering the market growth over the forecast timeframe.

Global Mannosylerythritol Lipids Market - Opportunities

Rising usage of mannosylerythritol lipids in bioremediation is projected to provide enormous growth opportunity to the market of mannosylerythritol lipids. mannosylerythritol lipids are used to breakdown the environmental pollution and clean the polluted site such as water and soil. Therefore, rising usage of mannosylerythritol lipids is expected to foster the market growth over the forecast timeframe.

Increasing application of mannosylerythritol lipids in oil recovery is projected to stimulate the market growth over the forecast period. The market growth is also expected to gain growth on the account of rising demand for oil around the globe. According to the U.S. Energy Information Administration’s (EIA), an average of 11.9 million barrels of U.S. crude oil were produced per day in 2022, below the record in 2019 of an average of 12.3 million barrels per day. The EIA is forecasting a new record for this year, but barely higher, at an average of 12.4 million barrels per day.