Global Caprylic Acid Market - 2022-2029

Global Caprylic Acid Market - 2022-2029

Market Overview

The global caprylic acid market size was worth US$ XX million in 2021 and is estimated to reach US$ XX million by 2029, growing at a CAGR of XX% during the forecast period (2022-2029).

Coconut oil has established itself as a trendy food among the health-conscious and is marketed as a one-stop solution for almost everything. Although it is commonly used in cooking, coconut oil has many other applications. It's excellent for moisturizing skin, removing makeup, repelling bugs and cleaning laundry. Coconut oil can also be used medicinally. Some people believe it can treat yeast infections and help balance cholesterol levels. Many advantages are attributed to the caprylic acid found in coconut oil.

Coconut oil contains three essential fatty acids: caprylic, capric and lauric. Caprylic acid is the most prized active ingredient of all the acids. Caprylic acid is a reliable source of fatty acids found in coconut oil. It's a medium-chain fatty acid with antibacterial, antifungal and anti-inflammatory properties. Because of these properties, caprylic acid may help treat various ailments. Caprylic acid is known for its ability to kill Candida cells while also restoring normal stomach acidity levels. During treatment, taking caprylic acid can help get the intestinal tract back in shape and prevent new cells from growing.

Market Dynamics

Due to the expanding cosmetic industry, the market is expected to grow significantly. Expanding cosmetic industry is also due to the compound's extensive use as a cleansing agent, masking agent and perfume agent. Coconut and palm oils are the primary raw materials used in the production of caprylic acid and their application in various end-use industries. Because the compound has been approved by U.S. Food and Drug Administration (FDA) for use in nutritional supplements in the food industry. It is widely used in medical and dietary applications.

Increasing treatment for skin issues

Coconut oil, which contains caprylic acid, has become a well-known treatment for various skin ailments. Indeed, its antimicrobial and antibacterial properties have been demonstrated in treating skin diseases in humans and other animals. Caprylic acid's incredible mixtures can mercilessly suffocate the microorganisms that may be living on your skin and cause a variety of contaminations, including skin breakouts.

Skin inflammation is a common skin condition in which hair follicles become clogged with dead skin cells and oil. Coconut oil contains a high caprylic acid concentration, which helps prevent skin irritation and inflammation. Indeed, this is the most common reason for using coconut oil as a regular skin cream. It also benefits the health of your hair.

Caprylic acid advances digestive health.

Caprylic acid's calming properties can help treat provocative entrails issues, a difficult stomach-related illness. This condition is commonly associated with internal aggravation and bacterial diseases. Caprylic acid can be used to treat both of these conditions.

Caprylic acid and other medium-chain unsaturated fats suffocate the release of incendiary catalysts. The aide deals with stomach-related severe illnesses such as Crohn's disease, swelling and death. The medium-chain unsaturated fats also protect the epithelium, the gut's first line of defense.

Harmful effects of caprylic acid on liver

Caprylic acid is prohibited in the presence of any liver disease. The liver separates the acid. However, this may not occur as efficiently in individuals with liver infections, promoting acid development in the blood. The consequences of a liver infection can be fatal. The liver separates caprylic acid.

Some concern is that people suffering from liver disease will not separate caprylic acid. Caprylic acid levels in the blood may rise as a result of this. On the other hand, individuals with liver infections are not yet ready to separate caprylic acid. The harmful effect is relied on to stifle the growth of the caprylic acid market.

COVID-19 Impact Analysis

The novel coronavirus (COVID-19) outbreak has temporarily slowed global economic growth. The operational halts directly impact the revenue flow of the caprylic acid market. The rapid spread of COVID significantly affects international business sectors, as significant economies worldwide have been put on lockdown due to the pandemic.

Due to the effective lockdown, the buyer market has suddenly shown zero revenue for purchasing products. One of the major issues confronting the market is the closure of numerous modes of transportation. The need for caprylic acid was clogged due to a worldwide emergency in all areas, including vehicles, which was impacted by a drop in interest in merchandise creation and products.

Segment Analysis

By application, the caprylic acid market is segmented into personal care, pharmaceuticals, food & beverages, chemicals, fertilizers and others.

Rising demand for personal care products to make the personal care segment the dominant type

Caprylic acid makes esters in skincare, haircare, color cosmetics, perfumes, soaps, and other personal care products. The compound's increasing use in skincare creams, hair care products and cosmetics is expected to drive demand over the forecast period. Caprylic triglyceride is a soap and cosmetics component. It's often prepared by blending coconut oil and glycerin. This component is also known as a capric triglyceride. It's also occasionally referred to as fractionated coconut oil. Caprylic triglyceride is a natural alternative to other synthetic compounds in topical skin care treatments.

Caprylic triglyceride is frequently found in items labeled as ""all-natural"" or ""organic."" Caprylic triglyceride is a healthier remedy than other synthetic compounds in topical skin care treatments. Caprylic triglyceride is frequently found in items labeled as ""all-natural"" or ""organic."" Unlike the popular diet, which includes antibiotics and pharmaceutical drugs that pose threats to human health and the environment, caprylic acid is a completely harmless and completely natural ingredient.

Geographical Analysis

The growing increasing demand for personal care products in North America

North America is the leading region for the growth of the caprylic acid market, owing to the growing demand for personal care & cosmetics products due to an increase in consumer spending, increasing demand by working women and an increase in disposable income in this region. For example, according to a 2019 personal care organization report, the personal care market in U.S. was valued at around US$ 48 billion in 2018.

Furthermore, the caprylic acid market is being driven by increased demand from the pharmaceutical industry, which has increased due to several leading pharma companies. According to the IFPMA report from 2017, U.S. accounted for approximately 40% of the global pharmaceutical market, or about US$ 572 billion, compared to US$ 1430 billion in international pharmaceutical productions in 2020.

Competitive Landscape

The global caprylic acid market is highly competitive, with numerous players present. Significant companies have used new product launches, expansions, mergers and acquisitions to increase their market shares and expand their distribution networks worldwide. The companies carry out R&D activities to innovate and develop products that can pave the way for new end-use industries. Solazyme Inc., for example, has developed a new technology for caprylic acid production that uses algal oil as a raw material. Algal oil can generate low-cost caprylic acid while meeting rising consumer demand.

Key players operating in the global caprylic acid market include McKinley Resources Inc., Cremer Oleo GmbH & Co. K.G., KLK Oleo, Pacific Oleochemicals Sdn Bhd, Merck KGaA, Vigon International, Wilmar International Ltd., Ecogreen Oleochemicals, Solazyme and Hydrite Chemical Co.

Ecogreen Oleochemicals

Overview: Started in 1991, with multiple later expansions in the Batam Island manufacturing plant, it established one of the world's biggest Natural Fatty Alcohol production sites. Ecogreen Oleochemical is a major manufacturer of natural fatty alcohols. For food, cosmetic, pharmaceutical and lubricant applications, the company manufactures fatty alcohol ethoxylates (downstream of fatty alcohol), saturated fatty alcohols (from C8 to C18), unsaturated fatty alcohols (oleyl alcohols), primary fatty amines, sorbitol powders, fatty alcohol ether sulfates, fatty alcohol sulfates and specialty esters such as Medium Chain Triglycerides (MCT).

Product Portfolio: The company sells fatty acids, which are utilized in various applications. Ecoric is a fatty acid derived from caprylic acid that is used in the manufacture of polyol esters for usage in food, cosmetics, personal care and pharmaceutical applications. They can be found in grease, metal working fluids and demolding fluids. Fatty acid meets the needs of the lubricant industry and is highly pure and colorless. They can be used to make various derivatives such as fatty alcohols, fatty amines, soaps and so on.

Key Development: Ecogreen Oleochemicals expanded the footprint of its fatty alcohol facilities in Batam, Indonesia, by 180,000 tonnes per year, making it the world's largest single-track plant. Ecogreen Oleochemicals chose the Lurgi-based methylester method due to its dependability and performance track record. Ecogreen Oleochemicals' fatty alcohol manufacturing capacity will be doubled to 360,000 tonnes per year with the expanded capacity. The announcement demonstrates Ecogreen's dedication to serving its fatty alcohol clients worldwide.

Why Purchase the Report?
• Visualize the composition of the caprylic acid market segmentation by source, application and region, highlighting the critical commercial assets and players.
• Identify commercial opportunities in the caprylic acid market by analyzing trends and co-development deals.
• Excel data sheet with thousands of caprylic acid market-level 4/5 segmentation points.
• PDF report with the most relevant analysis cogently put together after exhaustive qualitative interviews and in-depth market study.
• Product mapping in excel for the key product of all major market players

The global caprylic acid market report would provide access to an approx. 53 market data table, 46 figures and 201 pages.

Target Audience 2022
• Caprylic Acid Service Providers/ Buyers
• Industry Investors/Investment Bankers
• Education & Research Institutes
• Emerging Companies
• Caprylic Acid Manufacturers