San Francisco, 13 February 2019: The Report 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.
Access Research Report of Caprylic Acid Market @ www.grandviewresearch.com/industry-analysis/caprylic-acid-market
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: 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
·
Europe
·
Asia Pacific
·
Latin America
·
Middle East & Africa
Access Press Release of
Caprylic Acid Market@ www.grandviewresearch.com/press-release/global-caprylic-acid-market
About Grand View Research
Grand View Research, Inc. is a
U.S. based market research and consulting company, registered in the State of
California and headquartered in San Francisco. The company provides
syndicated research reports, customized research reports, and consulting
services. To help clients make informed business decisions, we offer market
intelligence studies ensuring relevant and fact-based research across a range
of industries, from technology to chemicals, materials and healthcare.
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