Berg + Schmidt GmbH & Co. KG, Croda International plc, IOI Oleo GmbH, Oleon NV, and Ecogreen Oleochemicals Inc., among others, are the major players in the global caprylic/capric triglycerides market.
The global caprylic/capric triglycerides market is expected to grow at a CAGR of about 4% in the forecast period of 2022-2027. As per the analysis by Expert Market Research, the market is expected to be driven by the rising demand for caprylic/capric triglycerides in cosmetics and personal care products.
The growing use of caprylic/capric triglycerides as absorbents in skincare cosmetic products such as moisturisers and serums, among others, is driving the market growth. Caprylic/capric triglycerides are also added to skincare and cosmetic products to create a barrier on the surface of the skin and reduce skin dryness issues.
Due to its oily texture, caprylic/capric triglycerides are used in natural strength deodorants and lotions to provide a non-greasy after-touch. Moreover, antioxidant benefits of caprylic/capric triglycerides are boosting their utilisation in the cosmetics and personal care sector. Caprylic/capric triglycerides are also used as dispersion agents to evenly distribute product ingredients in skincare and cosmetic formulations.
Caprylic/capric triglycerides are metabolised into ketone bodies and are also used as an alternative energy substrate for neuronal metabolism. They are further utilised as a medical food for promoting mitochondrial metabolism in Alzheimer’s disease. The surging research and development activities to investigate the clinical impact of caprylic/capric triglycerides are also anticipated to boost the market growth. Furthermore, the base of caprylic/capric triglycerides, caprylic acid, is used in preprepared food like puddings, baked goods, meat products, and frozen dairy products, among others.
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Berg + Schmidt GmbH & Co KG is a feed and food ingredients company and is involved in the development, production, and global distribution of lipids. The company also boasts a comprehensive portfolio of monogastric animals and ruminants. With affiliates in Asia, the United States, and Europe, the company’s research and development and application technologies are based in Germany, and it actively invests in innovative technologies.
|Headquarters:||Snaith, United Kingdom|
Croda International plc is a company focused on consumer care and life sciences. The company offers innovative and practical solutions and develops innovative and sustainable speciality ingredients. With 105 operations in 39 countries, it boasts an employee base of 6,100.
IOI Oleo GmbH is one of the leading suppliers of oleochemical specialities. The company sells and produces a wide range of oleochemical products for various industrial applications. Its products and solutions are used in cosmetics, food additives, pharmaceuticals, and technical applications. The company is also one of the most prominent suppliers of medium-chain triglycerides in Europe.
Oleon NV is a leading oleochemical manufacturer that produces fatty acids, glycerine, esters, dimers, technical oils, speciality oleochemicals, and biodiesel from natural fats and oils. Its products are made from renewable raw materials. In July 2022, Oleon signed a land acquisition agreement with Central Spectrum to bolster its growth in Malaysia.
|Headquarters:||Central Region, Singapore|
Ecogreen Oleochemicals Inc is a prominent natural fatty acid manufacturer. It has marketing offices in Germany, the United States, and Singapore, the company also has production facilities in Indonesia for manufacturing various cuts of saturated fatty alcohols. With nearly 1,000 employees, the company aims to supply quality products for building strong customer relationships.
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