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Global Caprylic/Capric Triglycerides Market: By Function: Dispersing Agents, Solubilizers, Solvents, Spreading Agents, Others; By End Use: Food and Beverages, Personal Care and Cosmetics, Pharmaceuticals, Others; Regional Analysis; Historical Market and Forecast (2018-2028); Competitive Landscape; Industry Events and Developments
Global Caprylic/Capric Triglycerides Market Outlook
The global caprylic/capric triglycerides market is expected to grow at a CAGR of 4% in the forecast period of 2023-2028 to reach a value of USD 840 million by 2026.
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The Global Market for Caprylic/Capric Triglycerides is Bolstered by the Growing Demand for Cosmetics
The market for caprylic/capric triglycerides is being driven by the rising demand for cosmetics. The product is used in the cosmetic products as an absorbent which smoothens the skin and leaves a dry finish upon oiling of the skin. It is in high demand for products like cream, moisturizer, lotion, serum, cleanser and face wash, among others, as it does not get sticky and heavy on the skin. The product is also used in the medical field as it provides an energy source for patients ailing from fat malabsorption syndrome. Caprylic/capric triglycerides are pure and have unique attributes that still find applications in medical and nutritional products.
The Asia Pacific Presents Significant Growth Opportunities for the Caprylic/Capric Triglycerides Industry
Region-wise, the Asia Pacific and the Middle East and Africa markets for caprylic/capric triglycerides are growing significantly. Within the Asia Pacific region, India and China have witnessed considerable growth over the past years. Due to the dynamic nature of the market in these developing economies as a result of rapid urbanisation, increasing disposable incomes, and changing lifestyles, the market is expected to grow rapidly in the forecast period. Additionally, India is considered to become the next home of several international producers of the product owing to the accelerating cosmetics market in the country in the forecast period. The cosmetics market in Indian is also influenced by the rising trend of influencers on the digital platform that promotes and market various cosmetic brands, along with the increasing number of young consumers within the country.
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Caprylic/Capric Triglycerides: Market Segmentation
Caprylic/capric triglycerides, variously known as MCT oil or medium-chain triglycerides is formulated by the reaction of coconut oil with glycerol through the esterification method. It is used extensively in cosmetics, beauty, and personal use industries as it offers oxidative stability and smooth texture.
On the basis of function, the market is divided into:
- Dispersing Agents
- Solubilizers
- Solvents
- Spreading Agents
- Others
Based on end use, the industry can be segmented into:
- Food and Beverages
- Personal Care and Cosmetics
- Pharmaceuticals
- Process Industries
- Others
The regional markets for the product include North America, Europe, the Asia Pacific, Latin America, and the Middle East and Africa.
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Rising Demand from Emerging Economies to Aid the Global Caprylic/Capric Triglycerides Market Growth
The market for caprylic/capric triglycerides is driven by the growing demand for personal care products like creams, moisturizers, and soaps across the world. It is in huge demand due to its smooth texture, oxidizing effect, and low cost. The market is expected to witness further growth prospects in countries, such as India, China, and Egypt. Regions such as the Middle East and the Asia Pacific are witnessing robust growth as a result of changing perception towards cosmetics and fashion. Factors such as increased per capita income and changing lifestyles are also influencing the market positively. The caprylic/capric triglycerides industry is predicted to grow during the forecast period owing to its versatile benefits.
Key Industry Players in the Global Caprylic/Capric Triglycerides Market
The report gives a detailed analysis of the following key players in the global caprylic/capric triglycerides market, covering their competitive landscape, capacity, and latest developments like mergers, acquisitions, and investments, expansions of capacity, and plant turnarounds:
- Berg + Schmidt GmbH & Co. KG
- Croda International plc
- IOI Oleo GmbH
- Oleon NV
- Ecogreen Oleochemicals Inc.
- Others
The comprehensive EMR report provides an in-depth assessment of the market based on the Porter's five forces model along with giving a SWOT analysis.
| REPORT FEATURES | DETAILS |
|---|---|
| Base Year | 2022 |
| Historical Period | 2018-2022 |
| Forecast Period | 2023-2028 |
| Scope of the Report | Historical and Forecast Trends, Industry Drivers and Constraints, Historical and Forecast Market Analysis by Segment- Function, End Use, Region |
| Breakup by Function | Dispersing Agents, Solubilizers, Solvents, Spreading Agents, Others |
| Breakup by End Use | Food and Beverages, Personal Care and Cosmetics, Pharmaceuticals, Process Industries, Others |
| Breakup by Region | North America, Europe, Asia Pacific, Latin America, Middle East and Africa |
| Market Dynamics | SWOT, Porter's Five Forces, Key Indicators for Price and Demand |
| Price Analysis | Historical and Forecast Price Trends- Regional |
| Competitive Landscape | Market Structure, Company Profiles- Company Overview, Product Portfolio, Demographic Reach and Achievements, Certifications |
| Companies Covered | Berg + Schmidt GmbH & Co. KG, Croda International plc, IOI Oleo GmbH, Oleon NV, Ecogreen Oleochemicals Inc., Others |
| Report Price and Purchase Option | Explore our purchase options that are best suited to your resources and industry needs. |
| Delivery Format | Delivered as an attached PDF and Excel through email, with an option of receiving an editable PPT, according to the purchase option. |
*At Expert Market Research, we strive to always give you current and accurate information. The numbers depicted in the description are indicative and may differ from the actual numbers in the final EMR report.
1 Preface
2 Report Coverage – Key Segmentation and Scope
3 Report Description
3.1 Market Definition and Outlook
3.2 Properties and Applications
3.3 Market Analysis
3.4 Key Players
4 Key Assumptions
5 Executive Summary
5.1 Overview
5.2 Key Drivers
5.3 Key Developments
5.4 Competitive Structure
5.5 Key Industrial Trends
6 Snapshot
6.1 Global
6.2 Regional
7 Industry Opportunities and Challenges
8 Global Caprylic/Capric Triglycerides Market Analysis
8.1 Key Industry Highlights
8.2 Global Caprylic/Capric Triglycerides Historical Market (2018-2022)
8.3 Global Caprylic/Capric Triglycerides Market Forecast (2023-2028)
8.4 Global Caprylic/Capric Triglycerides Market by Function
8.4.1 Dispersing Agents
8.4.1.1 Market Share
8.4.1.2 Historical Trend (2018-2022)
8.4.1.3 Forecast Trend (2023-2028)
8.4.2 Solubilizers
8.4.2.1 Market Share
8.4.2.2 Historical Trend (2018-2022)
8.4.2.3 Forecast Trend (2023-2028)
8.4.3 Solvents
8.4.3.1 Market Share
8.4.3.2 Historical Trend (2018-2022)
8.4.3.3 Forecast Trend (2023-2028)
8.4.4 Spreading Agents
8.4.4.1 Market Share
8.4.4.2 Historical Trend (2018-2022)
8.4.4.3 Forecast Trend (2023-2028)
8.4.5 Others
8.5 Global Caprylic/Capric Triglycerides Market by End Use
8.5.1 Food and Beverages
8.5.1.1 Market Share
8.5.1.2 Historical Trend (2018-2022)
8.5.1.3 Forecast Trend (2023-2028)
8.5.2 Personal Care and Cosmetics
8.5.2.1 Market Share
8.5.2.2 Historical Trend (2018-2022)
8.5.2.3 Forecast Trend (2023-2028)
8.5.3 Pharmaceuticals
8.5.3.1 Market Share
8.5.3.2 Historical Trend (2018-2022)
8.5.3.3 Forecast Trend (2023-2028)
8.5.4 Process Industries
8.5.4.1 Market Share
8.5.4.2 Historical Trend (2018-2022)
8.5.4.3 Forecast Trend (2023-2028)
8.5.5 Others
8.6 Global Caprylic/Capric Triglycerides Market by Region
8.6.1 Market Share
8.6.1.1 North America
8.6.1.2 Europe
8.6.1.3 Asia Pacific
8.6.1.4 Latin America
8.6.1.5 Middle East and Africa
9 Regional Analysis
9.1 North America
9.1.1 Historical Trend (2018-2022)
9.1.2 Forecast Trend (2023-2028)
9.1.3 Breakup by Country
9.1.3.1 United States of America
9.1.3.2 Canada
9.2 Europe
9.2.1 Historical Trend (2018-2022)
9.2.2 Forecast Trend (2023-2028)
9.2.3 Breakup by Country
9.2.3.1 United Kingdom
9.2.3.2 Germany
9.2.3.3 France
9.2.3.4 Italy
9.2.3.5 Others
9.3 Asia Pacific
9.3.1 Historical Trend (2018-2022)
9.3.2 Forecast Trend (2023-2028)
9.3.3 Breakup by Country
9.3.3.1 China
9.3.3.2 Japan
9.3.3.3 India
9.3.3.4 ASEAN
9.3.3.5 Australia
9.3.3.6 Others
9.4 Latin America
9.4.1 Historical Trend (2018-2022)
9.4.2 Forecast Trend (2023-2028)
9.4.3 Breakup by Country
9.4.3.1 Brazil
9.4.3.2 Argentina
9.4.3.3 Mexico
9.4.3.4 Others
9.5 Middle East and Africa
9.5.1 Historical Trend (2018-2022)
9.5.2 Forecast Trend (2023-2028)
9.5.3 Breakup by Country
9.5.3.1 Saudi Arabia
9.5.3.2 United Arab Emirates
9.5.3.3 Nigeria
9.5.3.4 South Africa
9.5.3.5 Others
10 Market Dynamics
10.1 SWOT Analysis
10.1.1 Strengths
10.1.2 Weaknesses
10.1.3 Opportunities
10.1.4 Threats
10.2 Porter’s Five Forces Analysis
10.2.1 Supplier’s Power
10.2.2 Buyer’s Power
10.2.3 Threat of New Entrants
10.2.4 Degree of Rivalry
10.2.5 Threat of Substitutes
10.3 Key Indicators for Demand
10.4 Key Indicators for Price
11 Value Chain Analysis
12 Price Analysis
12.1 North America Historical Price Trends (2018-2022) and Forecast (2023-2028)
12.2 Europe Historical Price Trends (2018-2022) and Forecast (2023-2028)
12.3 Asia Pacific Historical Price Trends (2018-2022) and Forecast (2023-2028)
12.4 Latin America Historical Price Trends (2018-2022) and Forecast (2023-2028)
12.5 Middle East and Africa Historical Price Trends (2018-2022) and Forecast (2023-2028)
13 Manufacturing Process
13.1 Overview
13.2 Detailed Process Flow
13.3 Operation Involved
14 Competitive Landscape
14.1 Market Structure
14.2 Company Profiles
14.2.1 Berg + Schmidt GmbH & Co. KG
14.2.1.1 Company Overview
14.2.1.2 Product Portfolio
14.2.1.3 Demographic Reach and Achievements
14.2.1.4 Certifications
14.2.2 Croda International plc
14.2.2.1 Company Overview
14.2.2.2 Product Portfolio
14.2.2.3 Demographic Reach and Achievements
14.2.2.4 Certifications
14.2.3 IOI Oleo GmbH
14.2.3.1 Company Overview
14.2.3.2 Product Portfolio
14.2.3.3 Demographic Reach and Achievements
14.2.3.4 Certifications
14.2.4 Oleon NV
14.2.4.1 Company Overview
14.2.4.2 Product Portfolio
14.2.4.3 Demographic Reach and Achievements
14.2.4.4 Certifications
14.2.5 Ecogreen Oleochemicals Inc.
14.2.5.1 Company Overview
14.2.5.2 Product Portfolio
14.2.5.3 Demographic Reach and Achievements
14.2.5.4 Certifications
14.2.6 Others
15 Industry Events and Developments
Additional Customisations Available
1 Project Requirements and Cost Analysis
1.1 Land, Locations, and Site Development
1.2 Construction
1.3 Plant Machinery
1.4 Cost of Raw Material
1.5 Packaging
1.6 Transportation
1.7 Utilities
1.8 Manpower
1.9 Other Capital Investment
List of Key Figures and Tables
1. Global Caprylic/Capric Triglycerides Market: Key Industry Highlights, 2018 and 2028
2. Global Caprylic/Capric Triglycerides Historical Market: Breakup by Function (USD Million), 2018-2022
3. Global Caprylic/Capric Triglycerides Market Forecast: Breakup by Function (USD Million), 2023-2028
4. Global Caprylic/Capric Triglycerides Historical Market: Breakup by End Use (USD Million), 2018-2022
5. Global Caprylic/Capric Triglycerides Market Forecast: Breakup by End Use (USD Million), 2023-2028
6. Global Caprylic/Capric Triglycerides Historical Market: Breakup by Region (USD Million), 2018-2022
7. Global Caprylic/Capric Triglycerides Market Forecast: Breakup by Region (USD Million), 2023-2028
8. North America Caprylic/Capric Triglycerides Historical Market: Breakup by Country (USD Million), 2018-2022
9. North America Caprylic/Capric Triglycerides Market Forecast: Breakup by Country (USD Million), 2023-2028
10. Europe Caprylic/Capric Triglycerides Historical Market: Breakup by Country (USD Million), 2018-2022
11. Europe Caprylic/Capric Triglycerides Market Forecast: Breakup by Country (USD Million), 2023-2028
12. Asia Pacific Caprylic/Capric Triglycerides Historical Market: Breakup by Country (USD Million), 2018-2022
13. Asia Pacific Caprylic/Capric Triglycerides Market Forecast: Breakup by Country (USD Million), 2023-2028
14. Latin America Caprylic/Capric Triglycerides Historical Market: Breakup by Country (USD Million), 2018-2022
15. Latin America Caprylic/Capric Triglycerides Market Forecast: Breakup by Country (USD Million), 2023-2028
16. Middle East and Africa Caprylic/Capric Triglycerides Historical Market: Breakup by Country (USD Million), 2018-2022
17. Middle East and Africa Caprylic/Capric Triglycerides Market Forecast: Breakup by Country (USD Million), 2023-2028
18. North America Historical Price Trends and Forecast 2018-2028
19. Europe Historical Price Trends and Forecast 2018-2028
20. Asia Pacific Historical Price Trends and Forecast 2018-2028
21. Latin America Historical Price Trends and Forecast 2018-2028
22. Middle East and Africa Historical Price Trends and Forecast 2018-2028
23. Global Caprylic/Capric Triglycerides Market Structure
Key Questions Answered in the Report
The market is projected to grow at a CAGR of 4% between 2021 and 2026.
The market is estimated to witness a healthy growth in the forecast period of 2023-2028 to reach about USD 849 million by 2026.
The major drivers of the industry, such as rising disposable incomes, growing demand for cosmetics, rising per capita incomes of younger consumers, rapid urbanisation, and growing trend of social media influencers, are expected to aid the market growth.
The key trend guiding the growth of the market includes rising demand from emerging markets like India, China, and Egypt due to changing perceptions towards cosmetics and fashion.
The major regions in the industry are North America, Latin America, the Middle East and Africa, Europe, and the Asia Pacific.
The leading functions of caprylic/capric triglycerides in the market are dispersing agents, solubilizers, solvents, and spreading agents, among others.
The major end-use sectors in the industry are food and beverages, personal care and cosmetics, pharmaceuticals, and process industries, among others.
The major players in the industry are Berg + Schmidt GmbH & Co. KG, Croda International plc, IOI Oleo GmbH, Oleon NV, and Ecogreen Oleochemicals Inc., among others.
Analyst Review
The global caprylic/capric triglycerides market is being driven by the rising demand for cosmetics. Aided by the rising demand from emerging markets, the industry is expected to witness a moderate growth in the forecast period of 2023-2028, growing at a CAGR of 4%. The market is projected to reach USD 840 million by 2026.
EMR's meticulous research methodology delves deep into the market, covering the macro and micro aspects of the industry. Based on function, the market is segmented into dispersing agents, solubilizers, solvents, and spreading agents, among others. By end-use, the industry Is divided into food and beverages, personal care and cosmetics, pharmaceuticals, and process industries, among others. The major regional markets for caprylic/capric triglycerides are North America, Europe, the Asia Pacific, Latin America, and the Middle East and Africa. The key players in the above market include Berg + Schmidt GmbH & Co. KG, Croda International plc, IOI Oleo GmbH, Oleon NV, and Ecogreen Oleochemicals Inc., among others.
EMR's research methodology uses a combination of cutting-edge analytical tools and the expertise of their highly accomplished team, thus, providing their customers with market insights that are accurate, actionable, and help them remain ahead of their competition.
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