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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

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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 (2016-2026); 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 2021-2026 to reach a value of USD 840 million by 2026.

 

Caprylic/Capric Triglycerides Market

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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.

 

Caprylic/Capric Triglycerides Market by End Use

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Caprylic/Capric Triglycerides: Industry Definition and 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.

 

Caprylic/Capric Triglycerides Market by Region

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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 industry based on the Porter's five forces model along with giving a SWOT analysis.

*We at Expert Market Research always thrive to give you the latest information. The numbers in the article are only indicative and may be different from the actual 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 (2016-2020) 
    8.3    Global Caprylic/Capric Triglycerides Market Forecast (2021-2026)
    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 (2016-2020)
            8.4.1.3    Forecast Trend (2021-2026)
        8.4.2    Solubilizers
            8.4.2.1    Market Share
            8.4.2.2    Historical Trend (2016-2020)
            8.4.2.3    Forecast Trend (2021-2026)
        8.4.3    Solvents
            8.4.3.1    Market Share
            8.4.3.2    Historical Trend (2016-2020)
            8.4.3.3    Forecast Trend (2021-2026)
        8.4.4    Spreading Agents
            8.4.4.1    Market Share
            8.4.4.2    Historical Trend (2016-2020)
            8.4.4.3    Forecast Trend (2021-2026)
        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 (2016-2020)
            8.5.1.3    Forecast Trend (2021-2026)
        8.5.2    Personal Care and Cosmetics
            8.5.2.1    Market Share
            8.5.2.2    Historical Trend (2016-2020)
            8.5.2.3    Forecast Trend (2021-2026)
        8.5.3    Pharmaceuticals
            8.5.3.1    Market Share
            8.5.3.2    Historical Trend (2016-2020)
            8.5.3.3    Forecast Trend (2021-2026)
        8.5.4    Process Industries
            8.5.4.1    Market Share
            8.5.4.2    Historical Trend (2016-2020)
            8.5.4.3    Forecast Trend (2021-2026)
        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 (2016-2020)
        9.1.2    Forecast Trend (2021-2026)
        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 (2016-2020)
        9.2.2    Forecast Trend (2021-2026)
        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 (2016-2020)
        9.3.2    Forecast Trend (2021-2026)
        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 (2016-2020)
        9.4.2    Forecast Trend (2021-2026)
        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 (2016-2020)
        9.5.2    Forecast Trend (2021-2026)
        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    EMR’s Key Indicators for Demand
    10.4    EMR’s Key Indicators for Price
11    Value Chain Analysis
12    Price Analysis
    12.1    North America Historical Price Trends (2016-2020) and Forecast (2021-2026)
    12.2    Europe Historical Price Trends (2016-2020) and Forecast (2021-2026)
    12.3    Asia Pacific Historical Price Trends (2016-2020) and Forecast (2021-2026)
    12.4    Latin America Historical Price Trends (2016-2020) and Forecast (2021-2026)
    12.5    Middle East and Africa Historical Price Trends (2016-2020) and Forecast (2021-2026)
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 Figures and Tables

1.    Global Caprylic/Capric Triglycerides Market: Key Industry Highlights, 2016 and 2026
2.    Global Caprylic/Capric Triglycerides Historical Market: Breakup by Function (USD Million), 2016-2020
3.    Global Caprylic/Capric Triglycerides Market Forecast: Breakup by Function (USD Million), 2021-2026
4.    Global Caprylic/Capric Triglycerides Historical Market: Breakup by End Use (USD Million), 2016-2020
5.    Global Caprylic/Capric Triglycerides Market Forecast: Breakup by End Use (USD Million), 2021-2026
6.    Global Caprylic/Capric Triglycerides Historical Market: Breakup by Region (USD Million), 2016-2020
7.    Global Caprylic/Capric Triglycerides Market Forecast: Breakup by Region (USD Million), 2021-2026
8.    North America Caprylic/Capric Triglycerides Historical Market: Breakup by Country (USD Million), 2016-2020
9.    North America Caprylic/Capric Triglycerides Market Forecast: Breakup by Country (USD Million), 2021-2026
10.    Europe Caprylic/Capric Triglycerides Historical Market: Breakup by Country (USD Million), 2016-2020
11.    Europe Caprylic/Capric Triglycerides Market Forecast: Breakup by Country (USD Million), 2021-2026
12.    Asia Pacific Caprylic/Capric Triglycerides Historical Market: Breakup by Country (USD Million), 2016-2020
13.    Asia Pacific Caprylic/Capric Triglycerides Market Forecast: Breakup by Country (USD Million), 2021-2026
14.    Latin America Caprylic/Capric Triglycerides Historical Market: Breakup by Country (USD Million), 2016-2020
15.    Latin America Caprylic/Capric Triglycerides Market Forecast: Breakup by Country (USD Million), 2021-2026
16.    Middle East and Africa Caprylic/Capric Triglycerides Historical Market: Breakup by Country (USD Million), 2016-2020
17.    Middle East and Africa Caprylic/Capric Triglycerides Market Forecast: Breakup by Country (USD Million), 2021-2026
18.    North America Historical Price Trends and Forecast 2016-2026
19.    Europe Historical Price Trends and Forecast 2016-2026
20.    Asia Pacific Historical Price Trends and Forecast 2016-2026
21.    Latin America Historical Price Trends and Forecast 2016-2026
22.    Middle East and Africa Historical Price Trends and Forecast 2016-2026
23.    Global Caprylic/Capric Triglycerides Market Structure

Key Questions Answered in the Report

What is the growth rate of the global caprylic/capric triglycerides market?

The market is projected to grow at a CAGR of 4% between 2021 and 2026.

What is the forecast outlook of the market for 2021-2026?

The market is estimated to witness a healthy growth in the forecast period of 2021-2026 to reach about USD 849 million by 2026.

What are the major industry drivers?

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.

What are the key industry trends of the global caprylic/capric triglycerides market?

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.

What are the major regional markets of caprylic/capric triglycerides, according to the EMR report?

The major regions in the industry are North America, Latin America, the Middle East and Africa, Europe, and the Asia Pacific.

What are the leading functions of caprylic/capric triglycerides in the market?

The leading functions of caprylic/capric triglycerides in the market are dispersing agents, solubilizers, solvents, and spreading agents, among others.

What are the major end-use sectors in the industry?

The major end-use sectors in the industry are food and beverages, personal care and cosmetics, pharmaceuticals, and process industries, among others.

Who are the key industry players, according to the report?

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 2021-2026, 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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