Caprylic Acid Market Share

Global Caprylic Acid Market Overview

Caprylic Acid Market Size was valued at USD 0.04 Billion in 2022. The Caprylic Acid industry is projected to grow from USD 0.042 Billion in 2023 to USD 0.071 Billion by 2032, exhibiting a compound annual growth rate (CAGR) of 16.26% during the forecast period (2023 - 2032). increasing understanding of dietary improvements and increased sustenance. Expanding government regulations and growing ecological worries about the scarcity of conventional and non-sustainable resources are the key market drivers enhancing the market growth.

Source: Secondary Research, Primary Research, MRFR Database and Analyst Review

Caprylic Acid Market Trends

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  Growing treatment for skin is driving the market growth

  
  

The rising treatment for skin is driving market CAGR for caprylic acid. Coconut oil, which contains caprylic acid, has become widespread in treating numerous skin conditions. It has been demonstrated that treating skin diseases in people and animals is possible due to the inherent efficiency of antimicrobial and antibacterial qualities. Caprylic acid has potent chemicals that can mercilessly suppress any germs on your skin that may be causing a variety of ailments, including acne. Hair follicles clogged with oil and dead skin cells are known as acne. Coconut oil's high caprylic acid concentration controls skin irritation, preventing acne from developing. This is done by utilizing coconut oil as a natural skin moisturizer. Additionally, your hair's health is improved.

The unpleasant digestive condition known as inflammatory bowel disorder can be treated with the anti-inflammatory effects of caprylic acid. Internal inflammation and bacterial infections are two common symptoms of this illness, both of which can be treated with caprylic acid. Caprylic acid is one example of a medium-chain fatty acid that inhibits the release of inflammatory enzymes. In addition to bloating and bleeding, this helps treat severe digestive conditions, including Crohn's disease. The gut's initial line of defense, the epithelium, is similarly shielded by the medium-chain fatty acids. Current market revenue growth is being supported by increased consumer demand for dietary and nutrition supplements and growing knowledge of the advantages of caprylic acid, which is anticipated to last throughout the forecast period. Additionally, the rising demand for caprylic acid in producing pesticides and surfactants and increased research activities and medical applications of caprylic acid contribute to market expansion.

Many sectors, such as wineries, breweries, and meat processing factories, employ caprylic acid as a natural antibacterial component for food equipment and contact surfaces. The acid encourages healthy digestion and aids in the body's maintenance of pH balance. Additionally, the acid triggers ghrelin, which boosts hunger and increases appetite. Rising consumer demand for personal care products in developing nations like Thailand, India, and Brazil is anticipated to boost demand. Esters are made with caprylic acid and are used in soaps, shampoos, conditioners, colour cosmetics, perfumes, and other personal care products. Over the next seven years, the compound's use in more opulent goods, medications, lubricants, and surfactants is anticipated to fuel market demand. Furthermore, its hydrophobic feature is responsible for the expanding usage in the surfactant market. The substance is also widely used in industrial settings as a fat-reducing agent, an antimicrobial pesticide, and a fragrance-enhancing ingredient. Thus, driving the Caprylic Acid market revenue.

Caprylic Acid Market Segment Insights

Caprylic Acid End-User Insights

Based on end-user, the Caprylic Acid market segmentation includes personal care and cosmetics, pharmaceuticals, food & beverage, fertilizer, and chemicals. The personal care and cosmetics segment dominated the market, accounting for 47% of market revenue. Soaps and cosmetics include the caprylic component triglyceride. Typically, glycerine and coconut oil are combined to make it. Capric triglyceride is another name for this component. Additionally, it is occasionally referred to as fractionated coconut oil. Caprylic triglyceride is viewed as a more natural alternative to other synthetic ingredients found in topical skin care treatments. Caprylic triglyceride can frequently be discovered in products promoted as "all-natural" or "organic" by businesses. Caprylic triglyceride is viewed as a more natural alternative to other synthetic ingredients found in topical skin care treatments.

Caprylic Acid Source Insights

Based on the source, the Caprylic Acid market segmentation includes coconut oil, palm oil, and mammal milk. Palm oil generated the most income (65%). Palm oil is a natural oil rich in valuable chemicals and fatty acids ready to be used in lipid-based formulations and pharmaceutical applications. Long-chain and medium-chain triglycerides, which include phytonutrients like tocotrienol, tocopherol, and carotenes, are present in palm oil and palm kernel oil, respectively. The use of palm oil in the drug delivery system appeared to increase the drug's bioavailability and solubility, stabilize the emulsification of the formulation between the emulsifier and surfactant, encourage improved drug permeability and performance, and lengthen the drug's shelf life.

Figure 1: Caprylic Acid Market, by Source, 2022 & 2032 (USD Billion)

Source: Secondary Research, Primary Research, MRFR Database and Analyst Review

Caprylic Acid Regional Insights

By region, the study provides market insights into North America, Europe, Asia-Pacific and the Rest of the World. The Asia Pacific Caprylic Acid market area will dominate this market, The beauty and personal care sector in Asia has developed into a world-class innovation hub, and Western markets are now looking East for ideas. Our beauty experts in Asia highlight the changing trends influencing consumer behavior in this opinion piece.

The main major countries studied in the market report are The US, Canada, German, France, the UK, Italy, Spain, China, Japan, India, Australia, South Korea, and Brazil.

Figure 2: CAPRYLIC ACID MARKET SHARE BY REGION 2022 (USD Billion)

Source: Secondary Research, Primary Research, MRFR Database and Analyst Review

Europe's Caprylic Acid market accounts for the second-largest market share. The growing use of personal care products and rising disposable income increase demand. Additionally, the UK caprylic acid market grew the fastest in the European region, while the German caprylic acid market had the biggest market share.

The North American Caprylic Acid Market is expected to grow fastest from 2023 to 2032. The area offers a sophisticated healthcare infrastructure, including hospitals, clinics, and skilled and knowledgeable medical staff. Furthermore, throughout the projected period, the market expansion is anticipated to be aided by rising consumer health consciousness and increased demand for organic personal care products. Moreover, the UK Caprylic Acid market held the largest market share, and the Canada Caprylic Acid market was the fastest-growing market in the North American region.

Caprylic Acid Key Market Players & Competitive Insights

Leading industry companies are making significant R&D investments to diversify their product offerings, which will drive the Caprylic Acid market's expansion. Important market developments include new product releases, contractual agreements, mergers and acquisitions, greater investments, and collaboration with other organizations. Market participants also engage in several strategic actions to increase their worldwide presence. The Caprylic Acid industry needs to provide reasonably priced goods to grow and thrive in an increasingly competitive and challenging market environment.

Local production to minimize operating costs is one of the key business tactics manufacturers use in the Caprylic Acid industry to support clients and increase the market sector. The Caprylic Acid industry has recently provided some of the most significant benefits. Major players in the Caprylic Acid market, including Kuala Lumpur Kepong Berha, Arizona Chemicals, and others, are attempting to increase market demand by investing in research and development operations.

Since its founding as a plantation enterprise in 1906, Kuala Lumpur Kepong Berhad (KLK) has focused primarily on developing oil palm and rubber. Over 300,000 hectares of both crops have been planted due to the Group's strong management and strategic acquisitions over its more than 110-year history of operations. KLK entered the resource-based manufacturing industry in the 1990s to maximize value throughout the supply chain. It vertically integrated its upstream business with its downstream capabilities in oleochemicals, derivatives, and specialty chemicals to do this. The Group is a leading producer of oleochemicals today, with complexes strategically positioned in China, Europe, Malaysia, and Indonesia. Their products are used in various end uses, such as lubricants, medicines, food and nutrition, personal care, flavorings and perfumes, and industrial chemicals.

The Kraton Corporation is a top producer of styrenic block copolymers, engineered polymers, and chemicals made from waste products from pine wood pulping. These materials are utilized to improve the functionality of end-use items that impact their daily lives. Kraton's Polymer segment provides value-adding goods used in a wide range of industries, such as consumer goods and personal care, electronics, adhesives and coatings, medical supplies, automotive components, compounding solutions, paving and roofing materials, as well as consumer goods and personal care. The primary end-use markets Kraton serves through its Chemical segment are adhesive, tire, and road & construction. Kraton's Chemical Intermediates division also serves a wide range of end-use applications. In more than 70 different nations worldwide, Kraton provides its products to many clients.

Key Companies in the Caprylic Acid market include.

• Oleon


• Wilmar International


• Acme Chem


• Ecogreen Oleochemicals


• Hallstar


• Pacific Oleo chemicals


• Solazyme


• VVF

Caprylic Acid Market Segmentation

Caprylic Acid End User Outlook

• Personal Care and Cosmetics


• Pharmaceuticals


• Food & Beverage


• Fertilizer


• Chemicals

Caprylic Acid Source Outlook

• Coconut Oil


• Palm Oil


• Mammal Milk

Caprylic Acid Regional Outlook

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  North America
  
  
  
  • US
  
  
  • Canada
  
  
  
  

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  Europe
  
  
  
  • Germany
  
  
  • France
  
  
  • UK
  
  
  • Italy
  
  
  • Spain
  
  
  • Rest of Europe
  
  
  
  


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  Asia-Pacific
  
  
  
  • China
  
  
  • Japan
  
  
  • India
  
  
  • Australia
  
  
  • South Korea
  
  
  • Australia
  
  
  • Rest of Asia-Pacifi
  
  
  
  

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  Rest of the World
  
  
  
  • Middle East
  
  
  • Africa
  
  
  • Latin America