Caprylic/Capric triglycerides are derived from coconut oil and glycerin, it is considered as an excellent emollient and skin-replenishing ingredient. It is included in cosmetics as it is a mixture of fatty acids that skin can use to replenish its surface and resist moisture loss. It has its wide application in personal care, food & beverages, industrial, pharmaceuticals, and others. Rising demand for personal care, food & beverages, pharmaceutical, and other sectors may act as the major driver in the growth of caprylic/capric triglycerides market. On the other side, releasing gastric distress can create troubles in the long term may hamper the market.
Global Caprylic/Capric Triglycerides Market accounted for USD 554.7 million in 2016 and projected to grow at a CAGR of 6.3% during the forecast period of 2017 to 2024. The upcoming market report contains data for historic years 2014, 2015, the base year of calculation is 2016 and the forecast period is 2017 to 2024.
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- Croda International Plc
- Ecogreen Oleochemicals
- Peter Cremer North America
- IOI Oleo GmbH
- Berg + Schmidt
- Oleon group
- Univar Inc
- Oxiteno, and others
Major Market Drivers:
- Rising demand for personal care, food & beverages, pharmaceutical, and other sectors
- Strong demand and growing use of caprylic/capric triglycerides, especially in food & beverages products
- Releasing Gastric distress can create troubles in the long term
- Person allergic to coconut oil cannot use it
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The global caprylic/capric triglycerides market is segmented on the basis of application into
- Personal Care
- Food & Beverages
- Pharmaceuticals and others
On the basis of geography, the global caprylic/capric triglycerides market report covers data points for 28 countries across multiple geographies such as
- North America
- South America
- Middle East
Some of the major countries covered in this report are
- US., Canada, Germany, France, U.K., Netherlands, Switzerland, Turkey, Russia, China, India, South Korea, Japan, Australia, Singapore, Saudi Arabia, South Africa, and Brazil among others.
The global Caprylic/capric triglycerides market is consolidated due to the presence of limited number of players concentrated in few countries. These major players have adopted various organic as well as inorganic growth strategies such as mergers & acquisitions, new product launches, expansions, agreements, joint ventures, partnerships, and others to strengthen their position in this market.
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