Global Caprylic / Capric Triglycerides Market to Reach $1 Billion by 2030
The global market for Caprylic / Capric Triglycerides estimated at US$742.1 Million in the year 2023, is expected to reach US$1 Billion by 2030, growing at a CAGR of 4.8% over the analysis period 2023-2030. Food & Beverage Application, one of the segments analyzed in the report, is expected to record a 4.3% CAGR and reach US$375.4 Million by the end of the analysis period. Growth in the Personal Care Application segment is estimated at 5.4% CAGR for the next 7-year period.
The U.S. Market is Estimated at $196.5 Million, While China is Forecast to Grow at 7.1% CAGR
The Caprylic / Capric Triglycerides market in the U.S. is estimated at US$196.5 Million in the year 2023. China, the world`s second largest economy, is forecast to reach a projected market size of US$220.3 Million by the year 2030 trailing a CAGR of 7.1% over the analysis period 2023 to 2030. Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at 3% and 3.8% respectively over the 2023-2030 period. Within Europe, Germany is forecast to grow at approximately 3.5% CAGR. Led by countries such as Australia, India, and South Korea, the market in Asia-Pacific is forecast to reach US$140.9 Million by the year 2030.
Learn how to effectively navigate the market research process to help guide your organization on the journey to success.
Download eBook