The global caprylic acid market size is expected to reach USD 9.34 million by 2030, registering a CAGR of 10.4% from 2024 to 2030. The widespread use of caprylic acid in the personal care and pharmaceutical industry coupled with the growth of these end-use industries is expected to drive growth. Furthermore, the growing demand for the acid in manufacturing pesticides and surfactants is expected to propel market growth over the projected period.
The personal care segment dominated the market and accounted for a market revenue share of 38.2% in 2023. Caprylic acid has multifunctional properties, making it a versatile ingredient in personal care formulations. It is an emollient that helps moisturize and soften the skin by forming a barrier that prevents water loss. Additionally, it includes antimicrobial properties, which make it effective in preserving the stability of formulations and preventing the growth of bacteria and fungi.
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The personal care segment dominated the market and accounted for a market revenue share of 38.2% in 2023. Caprylic acid has multifunctional properties, making it a versatile ingredient in personal care formulations. It is an emollient that helps moisturize and soften the skin by forming a barrier that prevents water loss. Additionally, it includes antimicrobial properties, which make it effective in preserving the stability of formulations and preventing the growth of bacteria and fungi.
Caprylic Acid Market Report Highlights
- The personal care segment dominated the market and accounted for a market revenue share of 38.2% in 2023.
- The food & beverage segment is expected to witness significant growth over the forecast period.
- The North America caprylic acid market accounted for the largest revenue share of 36.5% in 2023. The food processing industry in North America is highly developed, with a strong focus on innovation and quality control.
- Asia Pacific caprylic acid market is expected to witness the fastest CAGR over the forecast period. The expansion of e-commerce in the Asia Pacific region significantly impacts the distribution and accessibility of caprylic acid-based products.
The leading players in the Caprylic Acid market include:
- VVF L.L.C.
- Oleon NV
- Wilmar International Ltd.
- KLK OLEO
- Emery Oleochemicals
- The Procter & Gamble Company
- PT. Ecogreen Oleochemicals
- Temix Oleo Srl
- Pacific Oleochemicals, Sdn. Bhd.
- Musim Mas Group
Why should you buy this report?
- Comprehensive Market Analysis: Gain detailed insights into the global market across major regions and segments.
- Competitive Landscape: Explore the market presence of key players worldwide.
- Future Trends: Discover the pivotal trends and drivers shaping the future of the global market.
- Actionable Recommendations: Utilize insights to uncover new revenue streams and guide strategic business decisions.
This report addresses:
- Market intelligence to enable effective decision-making
- Market estimates and forecasts from 2018 to 2030
- Growth opportunities and trend analyses
- Segment and regional revenue forecasts for market assessment
- Competition strategy and market share analysis
- Product innovation listing for you to stay ahead of the curve
- COVID-19's impact and how to sustain in these fast-evolving markets
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Table of Contents
Chapter 1. Methodology and Scope
Chapter 2. Executive Summary
Chapter 3. Caprylic Acid Market Variables, Trends, & Scope
Chapter 4. Caprylic Acid Market: Application Estimates & Trend Analysis
Chapter 5. Caprylic Acid Market: Regional Estimates & Trend Analysis
Chapter 6. Competitive Landscape
Companies Mentioned
The leading players in the Caprylic Acid market include:- VVF L.L.C.
- Oleon NV
- Wilmar International Ltd.
- KLK OLEO
- Emery Oleochemicals
- The Procter & Gamble Company
- PT. Ecogreen Oleochemicals
- Temix Oleo Srl
- Pacific Oleochemicals, Sdn. Bhd.
- Musim Mas Group
Methodology
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Table Information
Report Attribute | Details |
---|---|
No. of Pages | 100 |
Published | September 2024 |
Forecast Period | 2023 - 2030 |
Estimated Market Value ( USD | $ 4.69 Million |
Forecasted Market Value ( USD | $ 9.34 Million |
Compound Annual Growth Rate | 10.4% |
Regions Covered | Global |
No. of Companies Mentioned | 11 |