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Report Overview
2023
Base Year
2018-2023
Historical Year
2024-2032
Forecast Year
Caprylic/Capric Triglycerides Market Growth
The Global Market for Caprylic/Capric Triglycerides is Bolstered by the Growing Demand for Cosmetics
The market for caprylic/capric triglycerides is being driven by the rising demand for cosmetics. The product is used in the cosmetic products as an absorbent which smoothens the skin and leaves a dry finish upon oiling of the skin. It is in high demand for products like cream, moisturizer, lotion, serum, cleanser and face wash, among others, as it does not get sticky and heavy on the skin. The product is also used in the medical field as it provides an energy source for patients ailing from fat malabsorption syndrome. Caprylic/capric triglycerides are pure and have unique attributes that still find applications in medical and nutritional products.
The Asia Pacific Presents Significant Growth Opportunities for the Caprylic/Capric Triglycerides Industry
Region-wise, the Asia Pacific and the Middle East and Africa markets for caprylic/capric triglycerides are growing significantly. Within the Asia Pacific region, India and China have witnessed considerable growth over the past years. Due to the dynamic nature of the market in these developing economies as a result of rapid urbanisation, increasing disposable incomes, and changing lifestyles, the market is expected to grow rapidly in the forecast period. Additionally, India is considered to become the next home of several international producers of the product owing to the accelerating cosmetics market in the country in the forecast period. The cosmetics market in Indian is also influenced by the rising trend of influencers on the digital platform that promotes and market various cosmetic brands, along with the increasing number of young consumers within the country.
Caprylic/Capric Triglycerides Market Report Snapshots
Caprylic/Capric Triglycerides Market Size
Caprylic/Capric Triglycerides Market Growth
Caprylic/Capric Triglycerides Companies
*While we strive to always give you current and accurate information, the numbers depicted on the website are indicative and may differ from the actual numbers in the main report. At Expert Market Research, we aim to bring you the latest insights and trends in the market. Using our analyses and forecasts, stakeholders can understand the market dynamics, navigate challenges, and capitalize on opportunities to make data-driven strategic decisions.*
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Key Questions Answered in the Report
The market is projected to grow at a CAGR of 4% between 2024 and 2032.
The market is estimated to witness a healthy growth in the forecast period of 2024-2032 to reach about USD 1,062.86 million by 2032.
The major drivers of the market include the growing demand for cosmetics, the rising use of caprylic in medical and nutritional products, rising disposable incomes, and rapid urbanisation.
The key trends propelling the market development are the low cost, smooth texture, and oxidising effects provided by caprylic/capric triglycerides, the growing awareness regarding the versatile benefits of caprylic/capric triglycerides, and the rising sales of cosmetics in emerging economies.
The major regions in the market are North America, Latin America, the Middle East and Africa, Europe, and the Asia Pacific.
The leading functions of caprylic/capric triglycerides in the market are dispersing agents, solubilisers, solvents, and spreading agents, among others.
The major end uses of caprylic/capric triglycerides include food and beverages, personal care and cosmetics, pharmaceuticals, and process industries, among others.
The major players in the market are Berg + Schmidt GmbH & Co. KG, Croda International plc, IOI Oleo GmbH, Oleon NV, and Ecogreen Oleochemicals Inc., among others.
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United States (Head Office)
30 North Gould Street, Sheridan, WY 82801
+1-415-325-5166
Australia
63 Fiona Drive, Tamworth, NSW
+61 448 06 17 27
India
C130 Sector 2 Noida, Uttar Pradesh 201301
+91-858-608-1494
Philippines
40th Floor, PBCom Tower, 6795 Ayala Avenue Cor V.A Rufino St. Makati City, 1226.
+63 287899028, +63 967 048 3306
United Kingdom
6 Gardner Place, Becketts Close, Feltham TW14 0BX, Greater London
+44-753-713-2163
Vietnam
193/26/4 St.no.6, Ward Binh Hung Hoa, Binh Tan District, Ho Chi Minh City
+84865399124