Caprylic/Capric Triglycerides Market Research Report - Global Forecast till 2030

Caprylic/Capric Triglycerides Market Research Report: Information by Application (Dietary Supplements, Personal Care, Food & Beverage, Industrial, and others) and Region (North America, Europe, Asia-Pacific, and Rest of the World) - Forecast till 2030

ID: MRFR/F-B & N/4229-HCR | February 2023 | Region: Global | 139 Pages         

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Caprylic/Capric Triglycerides Market

Caprylic/Capric Triglycerides Market is projected to register a CAGR of 6.1 % and reach a value of USD 1,219 Million by 2030

Segmentation
By Application Dietary Supplements Personal Care Food & Beverage Industrial others
By Region North America Europe Asia-Pacific
Key Players
Companies Profiled   Croda International plc (UK)    Oleon NV (Belgium)    Ecogreen Oleochemicals (Singapore)    Peter Cremer North America (U.S.)    IOI Oleo GmbH (Germany)    KLK Oleo (Malaysia)    Oxiteno (Brazil)    BERG + SCHMIDT GmbH & CO. (Germany)    Emery Oleochemicals (Malaysia)    Sternchemie GmbH & Co KG (Germany)
Drivers
Market Driving Forces   Growing demand for skin and personal care products
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Caprylic/Capric Triglycerides Market Scenario:


The Caprylic/Capric Triglycerides Market is projected to reach USD 1,219 million by 2030, growing at 6.1% CAGR during the forecast period, 2022–2030. Caprylic/capric triglyceride is an oily liquid, produced by combining coconut oil and glycerin. Caprylic/capric triglyceride is extensively used in cosmetics and other personal care products, such as moisturizers, face creams, sunscreens, eye makeup, perfumes, lipstick foundations, and many others.


The growing demand for skin and personal care products is expected to surge the market growth. Due to its anti-fungal and antimicrobial properties caprylic acid also finds its application in the food & beverage industry. In addition, various benefits associated with caprylic/capric triglycerides such as proper weight management, healthy cognitive functioning, and efficient metabolism pave its way into many dietary supplements, and sports drinks. However, factors such as availability of substitutes, high production cost, and costs involved in research and development activities may hamper the growth of the global caprylic/capric triglycerides market.


Segmentation:


The global caprylic/capric triglycerides market has been segmented based on application and region.


By application, the global caprylic/capric triglycerides market is segmented into dietary supplements, personal care, food & beverage, industrial, and others.


The global caprylic/capric triglycerides market has been studied with regards to four key regions—North America, Europe, Asia-Pacific, and the rest of the world.


The North American caprylic/capric triglycerides market has further been categorized as the US, Canada, and Mexico. The European caprylic/capric triglycerides market has been segmented into Germany, France, Italy, Spain, the UK, and the rest of Europe. The caprylic/capric triglycerides market in Asia-Pacific has been segmented into China, India, Japan, Australia and New Zealand, and the rest of Asia-Pacific. The caprylic/capric triglycerides market in the rest of the world has been segmented into South America, the Middle East, and Africa.


Key Players:


Croda International plc (UK), Oleon NV (Belgium), Ecogreen Oleochemicals (Singapore), Peter Cremer North America (U.S.), IOI Oleo GmbH (Germany), KLK Oleo (Malaysia), Oxiteno (Brazil), and BERG + SCHMIDT GmbH & CO. (Germany), Emery Oleochemicals (Malaysia), and Sternchemie GmbH & Co KG (Germany) are some of the key players in the global caprylic/capric triglycerides market.


Type: Secondary Types and MRFR Analysis


The market in Asia-Pacific is expected to dominate the market for caprylic/capric triglycerides during the forecast period. China and India are the major countries in terms of population and thus significantly contributing to the growth of the caprylic/capric triglycerides market. In addition, the increasing domestic consumption coupled with ongoing investments in research and development of caprylic/capric triglycerides is another factor that is projected to drive the regional market growth during the forecast period.


Global Caprylic/Capric Triglycerides Market, by Application



  • Dietary Supplements

  • Personal Care

  • Food & Beverage

  • Industrial

  • Others


Global Caprylic/Capric Triglycerides Market, by region



  • North America


    • US

    • Canada

    • Mexico




  • Europe


    • Germany

    • France

    • Italy

    • Spain

    • UK

    • Rest of Europe




  • Asia-Pacific


    • Japan

    • China

    • India

    • Australia and New Zealand

    • Rest of Asia-Pacific




  • Rest of the World (RoW)


    • South America

    • Middle East

    • Africa



Intended Audience



  • Caprylic/capric triglycerides manufacturers

  • Medium-chain triglycerides manufacturers

  • Food and beverages industry

  • Personal care industry

  • Commercial research and development institutions

  • Traders, importers, and exporters


 



Report Scope:

Report Attribute/Metric Details
  Market Size   USD 1,219 Million
  CAGR   6.1%
  Base Year   2021
  Forecast Period   2022-2030
  Historical Data   2020
  Forecast Units   Value (USD Million)
  Report Coverage   Revenue Forecast, Competitive Landscape, Growth Factors, and Trends
  Segments Covered   By Application and Region
  Geographies Covered   North America, Europe, Asia-Pacific, and Rest of the World (RoW)
  Key Vendors   Croda International plc (UK), Oleon NV (Belgium), Ecogreen Oleochemicals (Singapore), Peter Cremer North America (U.S.), IOI Oleo GmbH (Germany), KLK Oleo (Malaysia), Oxiteno (Brazil), and BERG + SCHMIDT GmbH & CO. (Germany), Emery Oleochemicals (Malaysia), and Sternchemie GmbH & Co KG (Germany)
  Key Market Opportunities   Availability of substitutes, High production cost, Costs involved in research and development activities
  Key Market Drivers   Growing demand for skin and personal care products


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Frequently Asked Questions (FAQ) :

The market will attain a value of USD 1,219 million during the forecast period.

Croda International plc (UK), Oleon NV (Belgium), Ecogreen Oleochemicals (Singapore), Peter Cremer North America (U.S.), IOI Oleo GmbH (Germany), KLK Oleo (Malaysia), Oxiteno (Brazil), and BERG + SCHMIDT GmbH & CO. (Germany), Emery Oleochemicals (Malaysia), and Sternchemie GmbH & Co KG (Germany) are some of the key players in the global caprylic/capric triglycerides market.

The global caprylic/capric triglycerides market is growing at a CAGR of 6.1% over the next 8 years.

Global caprylic/capric triglycerides industry is dominated by Asia Pacific region.