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Global Caprylic/Capric Triglycerides Market to Grow at a CAGR of 4% During 2021-2026, Owing to the Rising Demand for Cosmetics

According to a new report by EMR titled, 'Global Caprylic/Capric Triglycerides Market Report and Forecast 2021-2026', the global market for caprylic/capric triglycerides is expected to grow at a CAGR of 4% in the forecast period of 2021-2026 to reach a value of around USD 840 million by 2026.

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. (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.

Market Analysis by Function, End Use, and Region:

  • The caprylic/capric triglycerides industry, on the basis of function, is divided into dispersing agents, solubilizers, solvents, and spreading agents, among others.
  • Based on end use, the market is segmented into food and beverages, personal care and cosmetics, pharmaceuticals, and process industries, among others.
  • Regionally, the market is divided into North America, Europe, the Asia Pacific, Latin America, and the Middle East and Africa.

Key Findings of the Report:

  • The global caprylic/capric triglycerides industry is being driven by the growing demand for cosmetics, such as creams, soaps, and moisturizers, among others, globally.
  • The market is furthered by the desirable features of the product like low cost, smooth texture, and oxidizing effect, which makes it preferable by the manufacturers.
  • Moreover, the changing perception towards cosmetics and fashion is aiding the market growth of the product.
  • Certain factors, such as the rising per capita income and changing lifestyle, are accelerating the market growth. 

Key Offerings of the Report:

  • The EMR report gives an overview of the global market for caprylic/capric triglycerides for the periods (2016-2020) and (2021-2026).
  • The report also offers the historical (2016-2020) and forecast (2021-2026) for the functions, end-uses, and regional markets of caprylic/capric triglycerides. 
  • It gives an in-depth look at the regional price trends in the global caprylic/capric triglycerides industry.
  • The report analyses the market dynamics, covering the key demand and price indicators in the market, along with providing an assessment of the SWOT and Porter’s Five Forces models.

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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Expert Market Research (EMR) is a leading market research and business intelligence company, ensuring its clients remain at the vanguard of their industries by providing them with exhaustive and actionable market data through its syndicated and custom market reports, covering over 15 major industry domains. The company's expansive and ever-growing database of reports, which are constantly updated, includes reports from industry verticals like chemicals and materials, food and beverages, energy and mining, technology and media, consumer goods, pharmaceuticals, agriculture, and packaging.

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