The global Sclerotium Gum market is currently valued at USD 8.5 million in 2024 and is projected to reach USD 10.5 million by 2031, growing at a CAGR of 3.1% during the forecast period. This growth is primarily driven by increasing demand for natural and sustainable cosmetic ingredients in skincare and haircare products.
Sclerotium gum is a natural polysaccharide derived from fungal fermentation, widely used as a thickening and stabilizing agent in cosmetic formulations. Its ability to improve product texture while maintaining natural credentials makes it increasingly popular in clean beauty products.
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Market Overview
North America currently leads the Sclerotium gum market, accounting for approximately 40% of global demand, driven by strong consumer preference for natural cosmetic ingredients. Europe follows closely with stringent regulations promoting sustainable cosmetic formulations.
Asia-Pacific is emerging as the fastest-growing region, with increasing disposable income and growing awareness of natural cosmetics in China, Japan, and South Korea. The region is expected to grow at 4.2% CAGR through 2031.
Key Market Segments
The market is segmented by product form:
- Liquid Sclerotium Gum (65% market share)
- Powder Sclerotium Gum (35% market share)
By application:
- Skincare products (55%)
- Haircare products (30%)
- Other cosmetic applications (15%)
Competitive Landscape
Major players in the Sclerotium gum market include:
- BASF
- Cargill
- Alban Muller International
- Bloomage Biotech
- Shanghai LANHIC
Companies are focusing on product innovation and sustainable sourcing to meet the growing demand for natural cosmetic ingredients.
For detailed market analysis and forecasts, please download the full report.
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