Market Overview:
The global caprylic acid market is expected to grow at a CAGR of 5.5% from 2018 to 2030. The growth in the market can be attributed to the increasing demand for caprylic acid from various applications such as food additives, medicine, rubber and latex, pharmaceuticals and cosmetics, manufacture of perfume, organic synthesis, greases and lubricants, plastics and rubber. Asia Pacific is expected to be the fastest-growing region during the forecast period.
Product Definition:
Caprylic Acid is a type of fatty acid that is found in coconut oil and other plant-based oils. It has antimicrobial properties and can be used to treat acne, eczema, and other skin conditions.
Coconut Oil:
Coconut oil is extracted from the kernel of the coconut and has been used for centuries in various parts of the world. The use of coconut oil as an everyday product is increasing due to its many uses in food, cosmetics, and pharmaceutical industries. It can be used as a substitute for any other cooking oils such as vegetable or soybean oil; it contains almost similar fats and calories with a different flavor profile.
Palm Oil:
Palm oil is a vegetable oil that is extracted from the kernel of the palm tree. It has been used as a cooking medium, fuel, and feedstock for generations. The chemical composition of palm oil includes fatty acids (C16-C18), stearic acid, oleic acid and saturated fat.
Application Insights:
Caprylic acid has several applications in food additives, medicine, rubber and latex, pharmaceuticals and cosmetics manufacturing. Food additives application segment led the global market accounting for over 40% of the overall revenue share in 2017. The product is widely used as a preservative to prevent bacterial growth due to its strong anti-microbial property. It is also used as an emulsifier and antioxidant which enhances the nutritional value of foods including dairy products, meat products, bakery products along with maintaining their freshness during storage or transportation.
The use of caprylic acid increases energy metabolism in cells leading to weight loss among obese people who consume it by drinking milk after taking it as capsules or tablets for several weeks/months together.
Regional Analysis:
Asia Pacific was the largest market in 2016 and is expected to continue its dominance over the forecast period. The region accounts for a major share of global population, which makes it a potential customer base for cosmetics and other personal care products manufactured using caprylic acid as an ingredient. Increasing disposable income levels coupled with growing awareness regarding health & hygiene are also expected to drive demand from this region. Europe is anticipated to be the second-largest market owing to high demand from end-use industries such as rubber and pharmaceuticals along with increasing R&D activities by various companies operating in this sector. North America has been witnessing steady growth in product consumption due to rising applications of caprylic acid in food additives, medicines, organic synthesis, perfumes, greases & lubricants and plastics sectors over the past few years; especially U S has been one of its key consumers owing to high production volume coupled with easy availability of raw materials (palm oil).
Growth Factors:
- Increasing demand for natural and organic personal care products
- Rising awareness about the benefits of Caprylic Acid for skin and hair health
- Growing popularity of ketogenic diets and other low-carbohydrate diets
- Increased use of Caprylic Acid in food manufacturing and processing industries
- Rising demand from emerging markets
Scope Of The Report
Report Attributes
Report Details
Report Title
Caprylic Acid Market Research Report
By Type
Coconut Oil, Palm Oil, Algal Oil, Others
By Application
Food Additives, Medicine, Rubber and Latex, Pharmaceuticals and Cosmetics, Manufacture of Perfume, Organic Synthesis, Greases and Lubricants, Plastics, Rubber & Dye
By Companies
Oleon, Wilmar International, Acme Chem, Ecogreen Oleochemicals, Hallstar, Pacific Oleochemicals, P&G Chemicals, Solazyme, VVF, Oleon
Regions Covered
North America, Europe, APAC, Latin America, MEA
Base Year
2021
Historical Year
2019 to 2020 (Data from 2010 can be provided as per availability)
Forecast Year
2030
Number of Pages
195
Number of Tables & Figures
137
Customization Available
Yes, the report can be customized as per your need.
Global Caprylic Acid Market Report Segments:
The global Caprylic Acid market is segmented on the basis of:
Types
Coconut Oil, Palm Oil, Algal Oil, Others
The product segment provides information about the market share of each product and the respective CAGR during the forecast period. It lays out information about the product pricing parameters, trends, and profits that provides in-depth insights of the market. Furthermore, it discusses latest product developments & innovation in the market.
Applications
Food Additives, Medicine, Rubber and Latex, Pharmaceuticals and Cosmetics, Manufacture of Perfume, Organic Synthesis, Greases and Lubricants, Plastics, Rubber & Dye
The application segment fragments various applications of the product and provides information on the market share and growth rate of each application segment. It discusses the potential future applications of the products and driving and restraining factors of each application segment.
Some of the companies that are profiled in this report are:
- Oleon
- Wilmar International
- Acme Chem
- Ecogreen Oleochemicals
- Hallstar
- Pacific Oleochemicals
- P&G Chemicals
- Solazyme
- VVF
- Oleon
Highlights of The Caprylic Acid Market Report:
- The market structure and projections for the coming years.
- Drivers, restraints, opportunities, and current trends of market.
- Historical data and forecast.
- Estimations for the forecast period 2030.
- Developments and trends in the market.
- By Type:
- Coconut Oil
- Palm Oil
- Algal Oil
- Others
- By Application:
- Food Additives
- Medicine
- Rubber and Latex
- Pharmaceuticals and Cosmetics
- Manufacture of Perfume
- Organic Synthesis
- Greases and Lubricants
- Plastics
- Rubber & Dye
- Market scenario by region, sub-region, and country.
- Market share of the market players, company profiles, product specifications, SWOT analysis, and competitive landscape.
- Analysis regarding upstream raw materials, downstream demand, and current market dynamics.
- Government Policies, Macro & Micro economic factors are also included in the report.
We have studied the Caprylic Acid Market in 360 degrees via. both primary & secondary research methodologies. This helped us in building an understanding of the current market dynamics, supply-demand gap, pricing trends, product preferences, consumer patterns & so on. The findings were further validated through primary research with industry experts & opinion leaders across countries. The data is further compiled & validated through various market estimation & data validation methodologies. Further, we also have our in-house data forecasting model to predict market growth up to 2030.
Regional Analysis
- North America
- Europe
- Asia Pacific
- Middle East & Africa
- Latin America
Note: A country of choice can be added in the report at no extra cost. If more than one country needs to be added, the research quote will vary accordingly.
The geographical analysis part of the report provides information about the product sales in terms of volume and revenue in regions. It lays out potential opportunities for the new entrants, emerging players, and major players in the region. The regional analysis is done after considering the socio-economic factors and government regulations of the countries in the regions.
How you may use our products:
- Correctly Positioning New Products
- Market Entry Strategies
- Business Expansion Strategies
- Consumer Insights
- Understanding Competition Scenario
- Product & Brand Management
- Channel & Customer Management
- Identifying Appropriate Advertising Appeals
8 Reasons to Buy This Report
- Includes a Chapter on the Impact of COVID-19 Pandemic On the Market
- Report Prepared After Conducting Interviews with Industry Experts & Top Designates of the Companies in the Market
- Implemented Robust Methodology to Prepare the Report
- Includes Graphs, Statistics, Flowcharts, and Infographics to Save Time
- Industry Growth Insights Provides 24/5 Assistance Regarding the Doubts in the Report
- Provides Information About the Top-winning Strategies Implemented by Industry Players.
- In-depth Insights On the Market Drivers, Restraints, Opportunities, and Threats
- Customization of the Report Available
Frequently Asked Questions?
Caprylic acid is a fatty acid that is found in coconut oil. It has anti-inflammatory properties and can be used to treat skin conditions such as acne.
Some of the major companies in the caprylic acid market are Oleon, Wilmar International, Acme Chem, Ecogreen Oleochemicals, Hallstar, Pacific Oleochemicals, P&G Chemicals, Solazyme, VVF, Oleon.
The caprylic acid market is expected to grow at a compound annual growth rate of 5.5%.
Chapter 1 Executive Summary
Chapter 2 Assumptions and Acronyms Used
Chapter 3 Research Methodology
Chapter 4 Caprylic Acid Market Overview
4.1 Introduction
4.1.1 Market Taxonomy
4.1.2 Market Definition
4.1.3 Macro-Economic Factors Impacting the Market Growth
4.2 Caprylic Acid Market Dynamics
4.2.1 Market Drivers
4.2.2 Market Restraints
4.2.3 Market Opportunity
4.3 Caprylic Acid Market - Supply Chain Analysis
4.3.1 List of Key Suppliers
4.3.2 List of Key Distributors
4.3.3 List of Key Consumers
4.4 Key Forces Shaping the Caprylic Acid Market
4.4.1 Bargaining Power of Suppliers
4.4.2 Bargaining Power of Buyers
4.4.3 Threat of Substitution
4.4.4 Threat of New Entrants
4.4.5 Competitive Rivalry
4.5 Global Caprylic Acid Market Size & Forecast, 2018-2028
4.5.1 Caprylic Acid Market Size and Y-o-Y Growth
4.5.2 Caprylic Acid Market Absolute $ Opportunity
Chapter 5 Global Caprylic Acid Market Analysis and Forecast by Type
5.1 Introduction
5.1.1 Key Market Trends & Growth Opportunities by Type
5.1.2 Basis Point Share (BPS) Analysis by Type
5.1.3 Absolute $ Opportunity Assessment by Type
5.2 Caprylic Acid Market Size Forecast by Type
5.2.1 Coconut Oil
5.2.2 Palm Oil
5.2.3 Algal Oil
5.2.4 Others
5.3 Market Attractiveness Analysis by Type
Chapter 6 Global Caprylic Acid Market Analysis and Forecast by Applications
6.1 Introduction
6.1.1 Key Market Trends & Growth Opportunities by Applications
6.1.2 Basis Point Share (BPS) Analysis by Applications
6.1.3 Absolute $ Opportunity Assessment by Applications
6.2 Caprylic Acid Market Size Forecast by Applications
6.2.1 Food Additives
6.2.2 Medicine
6.2.3 Rubber and Latex
6.2.4 Pharmaceuticals and Cosmetics
6.2.5 Manufacture of Perfume
6.2.6 Organic Synthesis
6.2.7 Greases and Lubricants
6.2.8 Plastics
6.2.9 Rubber & Dye
6.3 Market Attractiveness Analysis by Applications
Chapter 7 Global Caprylic Acid Market Analysis and Forecast by Region
7.1 Introduction
7.1.1 Key Market Trends & Growth Opportunities by Region
7.1.2 Basis Point Share (BPS) Analysis by Region
7.1.3 Absolute $ Opportunity Assessment by Region
7.2 Caprylic Acid Market Size Forecast by Region
7.2.1 North America
7.2.2 Europe
7.2.3 Asia Pacific
7.2.4 Latin America
7.2.5 Middle East & Africa (MEA)
7.3 Market Attractiveness Analysis by Region
Chapter 8 Coronavirus Disease (COVID-19) Impact
8.1 Introduction
8.2 Current & Future Impact Analysis
8.3 Economic Impact Analysis
8.4 Government Policies
8.5 Investment Scenario
Chapter 9 North America Caprylic Acid Analysis and Forecast
9.1 Introduction
9.2 North America Caprylic Acid Market Size Forecast by Country
9.2.1 U.S.
9.2.2 Canada
9.3 Basis Point Share (BPS) Analysis by Country
9.4 Absolute $ Opportunity Assessment by Country
9.5 Market Attractiveness Analysis by Country
9.6 North America Caprylic Acid Market Size Forecast by Type
9.6.1 Coconut Oil
9.6.2 Palm Oil
9.6.3 Algal Oil
9.6.4 Others
9.7 Basis Point Share (BPS) Analysis by Type
9.8 Absolute $ Opportunity Assessment by Type
9.9 Market Attractiveness Analysis by Type
9.10 North America Caprylic Acid Market Size Forecast by Applications
9.10.1 Food Additives
9.10.2 Medicine
9.10.3 Rubber and Latex
9.10.4 Pharmaceuticals and Cosmetics
9.10.5 Manufacture of Perfume
9.10.6 Organic Synthesis
9.10.7 Greases and Lubricants
9.10.8 Plastics
9.10.9 Rubber & Dye
9.11 Basis Point Share (BPS) Analysis by Applications
9.12 Absolute $ Opportunity Assessment by Applications
9.13 Market Attractiveness Analysis by Applications
Chapter 10 Europe Caprylic Acid Analysis and Forecast
10.1 Introduction
10.2 Europe Caprylic Acid Market Size Forecast by Country
10.2.1 Germany
10.2.2 France
10.2.3 Italy
10.2.4 U.K.
10.2.5 Spain
10.2.6 Russia
10.2.7 Rest of Europe
10.3 Basis Point Share (BPS) Analysis by Country
10.4 Absolute $ Opportunity Assessment by Country
10.5 Market Attractiveness Analysis by Country
10.6 Europe Caprylic Acid Market Size Forecast by Type
10.6.1 Coconut Oil
10.6.2 Palm Oil
10.6.3 Algal Oil
10.6.4 Others
10.7 Basis Point Share (BPS) Analysis by Type
10.8 Absolute $ Opportunity Assessment by Type
10.9 Market Attractiveness Analysis by Type
10.10 Europe Caprylic Acid Market Size Forecast by Applications
10.10.1 Food Additives
10.10.2 Medicine
10.10.3 Rubber and Latex
10.10.4 Pharmaceuticals and Cosmetics
10.10.5 Manufacture of Perfume
10.10.6 Organic Synthesis
10.10.7 Greases and Lubricants
10.10.8 Plastics
10.10.9 Rubber & Dye
10.11 Basis Point Share (BPS) Analysis by Applications
10.12 Absolute $ Opportunity Assessment by Applications
10.13 Market Attractiveness Analysis by Applications
Chapter 11 Asia Pacific Caprylic Acid Analysis and Forecast
11.1 Introduction
11.2 Asia Pacific Caprylic Acid Market Size Forecast by Country
11.2.1 China
11.2.2 Japan
11.2.3 South Korea
11.2.4 India
11.2.5 Australia
11.2.6 South East Asia (SEA)
11.2.7 Rest of Asia Pacific (APAC)
11.3 Basis Point Share (BPS) Analysis by Country
11.4 Absolute $ Opportunity Assessment by Country
11.5 Market Attractiveness Analysis by Country
11.6 Asia Pacific Caprylic Acid Market Size Forecast by Type
11.6.1 Coconut Oil
11.6.2 Palm Oil
11.6.3 Algal Oil
11.6.4 Others
11.7 Basis Point Share (BPS) Analysis by Type
11.8 Absolute $ Opportunity Assessment by Type
11.9 Market Attractiveness Analysis by Type
11.10 Asia Pacific Caprylic Acid Market Size Forecast by Applications
11.10.1 Food Additives
11.10.2 Medicine
11.10.3 Rubber and Latex
11.10.4 Pharmaceuticals and Cosmetics
11.10.5 Manufacture of Perfume
11.10.6 Organic Synthesis
11.10.7 Greases and Lubricants
11.10.8 Plastics
11.10.9 Rubber & Dye
11.11 Basis Point Share (BPS) Analysis by Applications
11.12 Absolute $ Opportunity Assessment by Applications
11.13 Market Attractiveness Analysis by Applications
Chapter 12 Latin America Caprylic Acid Analysis and Forecast
12.1 Introduction
12.2 Latin America Caprylic Acid Market Size Forecast by Country
12.2.1 Brazil
12.2.2 Mexico
12.2.3 Rest of Latin America (LATAM)
12.3 Basis Point Share (BPS) Analysis by Country
12.4 Absolute $ Opportunity Assessment by Country
12.5 Market Attractiveness Analysis by Country
12.6 Latin America Caprylic Acid Market Size Forecast by Type
12.6.1 Coconut Oil
12.6.2 Palm Oil
12.6.3 Algal Oil
12.6.4 Others
12.7 Basis Point Share (BPS) Analysis by Type
12.8 Absolute $ Opportunity Assessment by Type
12.9 Market Attractiveness Analysis by Type
12.10 Latin America Caprylic Acid Market Size Forecast by Applications
12.10.1 Food Additives
12.10.2 Medicine
12.10.3 Rubber and Latex
12.10.4 Pharmaceuticals and Cosmetics
12.10.5 Manufacture of Perfume
12.10.6 Organic Synthesis
12.10.7 Greases and Lubricants
12.10.8 Plastics
12.10.9 Rubber & Dye
12.11 Basis Point Share (BPS) Analysis by Applications
12.12 Absolute $ Opportunity Assessment by Applications
12.13 Market Attractiveness Analysis by Applications
Chapter 13 Middle East & Africa (MEA) Caprylic Acid Analysis and Forecast
13.1 Introduction
13.2 Middle East & Africa (MEA) Caprylic Acid Market Size Forecast by Country
13.2.1 Saudi Arabia
13.2.2 South Africa
13.2.3 UAE
13.2.4 Rest of Middle East & Africa (MEA)
13.3 Basis Point Share (BPS) Analysis by Country
13.4 Absolute $ Opportunity Assessment by Country
13.5 Market Attractiveness Analysis by Country
13.6 Middle East & Africa (MEA) Caprylic Acid Market Size Forecast by Type
13.6.1 Coconut Oil
13.6.2 Palm Oil
13.6.3 Algal Oil
13.6.4 Others
13.7 Basis Point Share (BPS) Analysis by Type
13.8 Absolute $ Opportunity Assessment by Type
13.9 Market Attractiveness Analysis by Type
13.10 Middle East & Africa (MEA) Caprylic Acid Market Size Forecast by Applications
13.10.1 Food Additives
13.10.2 Medicine
13.10.3 Rubber and Latex
13.10.4 Pharmaceuticals and Cosmetics
13.10.5 Manufacture of Perfume
13.10.6 Organic Synthesis
13.10.7 Greases and Lubricants
13.10.8 Plastics
13.10.9 Rubber & Dye
13.11 Basis Point Share (BPS) Analysis by Applications
13.12 Absolute $ Opportunity Assessment by Applications
13.13 Market Attractiveness Analysis by Applications
Chapter 14 Competition Landscape
14.1 Caprylic Acid Market: Competitive Dashboard
14.2 Global Caprylic Acid Market: Market Share Analysis, 2019
14.3 Company Profiles (Details – Overview, Financials, Developments, Strategy)
14.3.1 Oleon
14.3.2 Wilmar International
14.3.3 Acme Chem
14.3.4 Ecogreen Oleochemicals
14.3.5 Hallstar
14.3.6 Pacific Oleochemicals
14.3.7 P&G Chemicals
14.3.8 Solazyme
14.3.9 VVF
14.3.10 Oleon
