Global Caprylic Acid Market 2017-2021

This industry research report identifies Forchem Oyj, IOI Corporation, Kuala Lumpur Kepong, Oleon, and Wilmar International as the key vendors in the global caprylic acid market. This industry research report also presents a comprehensive analysis of the market by application (personal care and cosmetics, food and beverage, pharmaceuticals, and others) and by geography (the Americas, APAC, and EMEA).

Overview of the global caprylic acid market

The growing demand from the US personal care industry especially, the skin and hair care cream sector is one of the major factors that will fuel the growth of the caprylic acid market in the coming years. Owing to its antimicrobial and antifungal properties, caprylic acid finds its use as a food-contact surface sanitizer. Moreover, youth have shown high interest in naturally aspirated products which are healthy for consumption and this has increased the demand for caprylic acid in US. This increasing adoption of caprylic acid is making the market growth high in the US. Our market research analysts estimate that this market will grow steadily at a CAGR of almost 7% by 2021.

Increasing usage as a hydrophobe will be one of the key trends that will gain traction in the caprylic acid market in the coming years. Caprylic acid, as a surfactant, decreases the friction between a liquid and solid or between two different liquids. Caprylic acid finds its application as a cleaning agent, paints, emulsions, shampoos, toothpaste, and detergents. Caprylic acid efficiently removes oil stains when used as a hydrophobe in surfactants. Hydrophobe coupled with water acts as an effective cleaning agent for removing oil stains from textiles. These factors are generating the demand for caprylic acid in the market.

Competitive landscape and key vendors

The caprylic acid market appears to be concentrated and is dominated by the key players. With the entry of new players, the market’s competitive environment will moderately intensify in the coming few years. Most of the key players focus on expanding their global footprints and are investing in sustainability techniques to decrease the operational and production cost and strengthen their financial position. To remain competitive in the caprylic acid supplement market, the vendors are investing heavily in the R&D to develop innovative caprylic acid products and enhance their product portfolio.

The leading vendors in the market are-

• Forchem Oyj
• IOI Corporation
• Kuala Lumpur Kepong
• Oleon
• Wilmar International

The other prominent vendors in the market are Acme Chem, Ecogreen Oleochemicals, Hallstar, Pacific Oleochemicals, P&G Chemicals, Solazyme, and VVF.

Segmentation by application type and analysis of the caprylic acid market

• Personal care and cosmetics
• Food and beverages
• Pharmaceuticals

The personal care and cosmetics segment accounts for the highest market share in terms of revenue in the caprylic acid supplement market. Caprylic acid acts as a softening agent and provides smooth texture to hair and skin. Moreover, owing to its dispersing and solvent nature, the popularity in the cosmetics and personal care industry is growing. The growth in the caprylic acid supplement market can be attributed due its long-lasting shell life, stability, and absence of color and odor.

Segmentation by geography and analysis of the caprylic acid market

• Americas
• APAC
• EMEA

The market study estimates that in terms of geographic regions, the Americas will be the major revenue contributor to the caprylic acid supplement market throughout the forecast period. Due to the growing demand in the organic personal care products and food and beverages products by health-conscious consumers, caprylic acid market is experiencing high growth in the Americas. 

Key questions answered in the report include

• What will the market size and the growth rate be in 2021?
• What are the key factors driving the global caprylic acid market?
• What are the key market trends impacting the growth of the global caprylic acid market?
• What are the challenges to global caprylic acid market growth?
• Who are the key vendors in the market?
• What are the market opportunities and threats faced by the vendors in the global caprylic acid market?
• Trending factors influencing the market shares of the Americas, APAC, and EMEA.
• What are the key outcomes of the five forces analysis of the global caprylic acid market?

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