San Francisco, 15
February, Caprylic Acid Market Analysis
By Application (Personal Care, Pharmaceutical, Food & Beverages,) And
Segment Forecasts To 2022
The global caprylic acid market is expected to reach USD 4.4 million by 2022,
according to a new report by Grand View Research, Inc. Widespread use of
caprylic acid in personal care, and pharmaceutical industry coupled with the
growth of these end-use industries is expected to drive growth. Furthermore,
growing demand for the acid in manufacturing pesticides and surfactants is
expected to propel market growth over the projected period.
Pharmaceutical accounted for
17.9% of the overall volume share in 2014. Growing use of caprylic acid in the
treatment of yeast infections on account of its anti-microbial and anti-fungal
properties is expected to propel demand over the forecast period. Furthermore,
rising use of the product for treatment of Crohn’s disease, bladder infections
and gingivitis is also expected to drive the market.
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Report On Caprylic Acid Market Analysis:
Further key findings from the report suggest:
·
Personal care accounted for
39.2% of the overall volume share in 2014. Caprylic acid is used extensively in
hair care, skin care, and cosmetic products owing to its skin as well as hair
conditioning properties. Furthermore, caprylic acid helps acts as an emollient
and dispersing agent wherein it helps in the release of pigments and vitamins
thereby providing smooth texture to the hair as well as skin.
·
Caprylic acid has profound
usage as a natural antimicrobial ingredient for food contact surfaces &
equipment, which includes breweries, wineries, and meat processing plants. It
helps to maintain proper functioning of the digestive tract and pH balance of
the body. Furthermore, this product also activates ghrelin, which stimulates
hunger and increases appetite. Market for caprylic acid in food & beverage
applications is estimated to be worth USD 1.3 million by 2022.
·
North America market accounted
for over 30.0% of the volume and revenue share in 2014. Growing demand for
organic personal care products as well as food & beverages is expected to
be a key factor driving the market. Caprylic acid is used on food &
beverage processing equipment due to its anti-microbial and anti-fungal
property.
·
Asia Pacific caprylic acid demand
was 118.2 tons in 2014. Personal care segment in Asia Pacific is expected to
witness significant growth on account of increasing disposable income and
changing consumer preferences towards naturally derived organic products. In
addition, China pharmaceutical market is expected to witness significant growth
on account of the economic & demographic conditions, improved R&D
activity and growing health concerns.
·
Caprylic acid market is
characterized by integration across various stages of the value chain by the
various companies including Willmar International Limited, Kuala Lumpur Kepong
Berhad, VVF Company, P&G and Oxiteno
Browse More Reports Of This Category By
Grand View Research At: https://www.grandviewresearch.com/industry/renewable-chemicals
Grand View Research has segmented the
caprylic acid market on the basis of application and region:
Caprylic Acid Market
Application Outlook (Volume, Tons; Revenue, USD Million, 2012 - 2022)
·
Personal care
·
Pharmaceutical
·
Food & beverage
·
Others
Caprylic Acid Market Regional
Outlook (Volume, Tons; Revenue, USD Million, 2012 - 2022)
·
North America
o
U.S.
·
Europe
o
Germany
o
United Kingdom
·
Asia Pacific
o
China
o
Japan
·
Latin America
o
Brazil
·
Middle East & Africa
Access Full
Press Release of this Report: www.grandviewresearch.com/press-release/global-caprylic-acid-market
About Grand
View Research
Grand View Research provides syndicated as well as customized research reports and consulting services on 46 industries across 25 major countries worldwide. This U.S.-based market research and consulting company is registered in California and headquartered in San Francisco. Comprising over 425 analysts and consultants, the company adds 1200+ market research reports to its extensive database each year. Supported by an interactive market intelligence platform, the team at Grand View Research guides Fortune 500 companies and prominent academic institutes in comprehending the global and regional business environment and carefully identifying future opportunities.
Grand View Research provides syndicated as well as customized research reports and consulting services on 46 industries across 25 major countries worldwide. This U.S.-based market research and consulting company is registered in California and headquartered in San Francisco. Comprising over 425 analysts and consultants, the company adds 1200+ market research reports to its extensive database each year. Supported by an interactive market intelligence platform, the team at Grand View Research guides Fortune 500 companies and prominent academic institutes in comprehending the global and regional business environment and carefully identifying future opportunities.
For more information: www.grandviewresearch.com/
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