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The market for caprylic/capric triglycerides is aided by the rising demand for the product due to its substantial use in the cosmetic products, along with the rising use of cosmetics and personal care across the globe. The caprylic/capric triglycerides are in high demand in North America and Europe due to the rising rate of consumption in cosmetics and personal care products in the region. In the Asia Pacific region, the market is expected to grow significantly due to the rising preference for the products that have caprylic/capric triglycerides present in them. The region, along with the Middle East and Africa, poses huge opportunities for the market to grow. The industry has primarily established itself in China and is further expected to expand throughout the Asia Pacific region.
The market is led by major industry players, such as Croda International plc and Berg + Schmidt GmbH & Co. KG. These companies deliver caprylic/capric triglycerides to be used in the body care products and decorative cosmetics, like eye contour care, bath, shower, shampoo, and soaps. Amazon.com (NASDAQ: AMZN), an e-commerce site, helps deliver these products at the customer’s doorstep. It also provides an extensive range of products and offers exclusive offers, such as discounts on special days, season end sale, and more. Thus, the growth of such e-commerce platforms is expected to influence the caprylic/capric triglycerides industry positively.
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Berg + Schmidt GmbH & Co. KG, Croda International plc, IOI Oleo GmbH, Oleon NV, and Ecogreen Oleochemicals Inc., among others, are the key players in the global caprylic/capric triglycerides market. The EMR report looks into the capacity, market share, and latest developments of these major players like plant turnarounds, mergers and acquisitions, and capacity expansions.
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