Caprylic Acid Market Share | Trends. Type,Industry Analysis and Market Forecast 2022-2027
Caprylic Acid Market Insights
Caprylic Acid Market is a naturally produced acid found in
palm oil, coconut and in bovine and human milk. Caprylic Acid is a part of fatty
acid and it is also known as octanoic acid. This exists in the form of oily
liquid which is minimally soluble in the water. Caprylic acid also contains the
properties of antifungal, antibacterial, antiviral and anti-inflammatory.
According to a recent study report published by the Market
Research Future, The global market for Caprylic Acid is expected to grow at a
significant rate of CAGR; witnessing exponential growth crossing its previous
growth records by the end of the forecasted period (2020 – 2023).
Market Segmentation
The Caprylic Acid Market Share Size is segmented in
to 2 key dynamics for the convenience of the report and enhanced understanding.
Segmentation On the basis of Application Type: Comprises Food
Additives, Medicine, Rubber and Latex, Pharmaceuticals and Cosmetics,
Manufacture Of Perfume, Organic Synthesis, Greases and Lubricants, Plastics and
Rubber & Dye
Segmentation On the basis of Regions: Comprises Geographical
regions – North America, Europe, APAC and Rest of the World.
Cosmetics/ Personal care Segment accounted for the largest share
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.
Market Analysis
The major factor which is driving the market of Caprylic acid share is increase in the awareness for health and
nutrition’s. Nowadays, people spend a good part of their income on the health
and try to consume as much health food as they can. Many populaces are turning
towards organic foods and nutrition which is helping the market of Caprylic
Acid to grow. Apart from this the government and federal regulations for environment
is also forcing the companies to move towards natural resources and companies
are moving towards the natural resources in order to produce the Caprylic
acids. Furthermore, government is promoting the incentives programs to
encourage the growth in the renewable natural fatty acids. However, there are
some factors which play the restraint role in the market of Caprylic Acid.
Excess consumption of Caprylic acid can cause some health issues like diarrhea,
nausea, indigestion and heartburn, states the MRFR Research Analyst while
commenting upon this deep diving study report, presented through more than 100
market data tables and figures, widely spread over 175 pages
Market Scenario
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.
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. Owing to its wide range of applications;
Caprylic acid market is anticipated to grow rapidly both in terms of value and
volume.
Competitive analysis
Caprylic acid market share is characterized by integration
across various stages of the value chain by the various companies. Solazyme
Inc. has developed a new technology for caprylic acid production which uses
algal oil as a raw material. The algal oil has potential to produce lost cost
caprylic acid and meet the rising consumer demand.
Access Full Report @ https://www.marketresearchfuture.com/reports/caprylic-acid-market-705
Competitive Landscape
Key Players
McKinley Resources Inc.
Barite World
Spectrum Chemical Manufacturing Corp.
Hydrite Chemical Co
Acme
Chemand and Solazyme
KLK OLEO
LANXESS
Huntsman Corporation
Dow Chemical Company
Eastman Chemical Company
Regional Analysis
Asia-Pacific dominates the market of Caprylic acid in terms of
revenue in the year 2014 due to the high demand from the food industry and
cosmetics. Some developing countries like China, India and Japan who are the
emerging market for the cosmetic industry is consuming the Caprylic acid in
very high amount resulting high demands. Apart from this other geographical
area like South Africa and Middle East who are demanding more Caprylic Acid for
nutrition’s and food additives. North America is introduction various health
various weight loss programs helps to grow the market for Caprylic Acid.
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