Capryloyl Glycine Market Size, By Purity (Between 98% - 99%, 99% and above), By Application (Cosmetics [Acne Care Products, Anti-Wrinkle Products], Personal Care [Anti-Dandruff & Anti-Seborrheic Products, Dermo-Protective Products], Cosmetics & skin care product preservative, Others), COVID-19 Impact Analysis, Regional Outlook, Growth Potential, Competitive Market Share & Forecast, 2023 - 2032
Capryloyl Glycine Market is expected to grow during 2023-2032 owing to the increasing product benefits for skin and hair health. Capryloyl glycine helps prevent water loss from the skin's surface and can increase the efficiency of cosmetic preservatives, enabling the use in smaller amounts. It also helps to control the excessive secretion of sebum, making it advantageous for preventing and treating acne, along with reducing the occurrence of fine lines and wrinkles. Additionally, capryloyl glycine can be used as a surfactant to restrict bacterial growth.
Although, health issues associated with the product, such as respiratory irritation, skin irritation, and severe eye irritation, are some of the factors that are expected to hinder the market expansion during the estimated timeframe. However, constant initiatives undertaken by the key players to introduce effective skincare and hair care products will build several opportunities for the business growth.
Overall, the capryloyl glycine Market is segmented in terms of purity, application, and region.
Based on purity, the between 98% and 99% purity segment is estimated to grow considerably through 2032. Capryloyl glycine of this purity level comes handy in formulations that are made to treat seborrheic dermatitis. As per credible sources, the prevalence of seborrheic dermatitis is 3-5% globally. Not to mention, the ingredient is also being largely incorporated in anti-dandruff products.
In terms of application, the personal care segment is anticipated to depict over 5.5% CAGR through 2032. The growth will be mainly attributed to the budding use of capryloyl glycine in personal care products. It is a very excellent raw material for personal care products owing to its capability of controlling alkaline acidity and avoiding excessive keratinization. In addition, the rising consumer preference toward self-care will also positively influence the overall market growth during the estimated timeframe.
Regionally, the Asia Pacific capryloyl glycine industry is estimated to exhibit over 5.5% CAGR between 2023-2032. Factors such as increasing individual disposable incomes and constantly mounting consciousness for personal appearance will support the regional outlook during 2032. In addition, the increasing incidences of hair fall, especially in countries such as India, will also favor the demand for capryloyl glycine in the coming future. It has been revealed that more than 150 million Indians suffer from hair fall and balding issues in their early 20s.
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