Caprylic Acid Market is forecast to reach $5.1 billion by 2025, after growing at a CAGR of 6.2% during 2020-2025. Caprylic acid is a medium-chain Fatty acid that is found in palm oil, coconut oil, and the milk of humans and bovines. Coconut oil also has medicinal uses, so with the increase in use of Coconut oil, the caprylic acid market is expected to grow. Growing public interest coconut oil & palm oil products will further enhance the overall market demand for Caprylic Acid during the forecast period.
Asia-Pacific dominates the Caprylic Acid market owing to increasing demand from households works such as cooking, personal care stuffs and others.
Caprylic acid is widely used in the production of esters, which are used in perfumery, and in the manufacturing of dyes which is, likely to aid in the market growth of Caprylic Acid.
COVID 19 pandemic will create hurdles for the Caprylic Acid market
Caprylic Acid Market Segment Analysis – By Source
Palm Oil holds the largest segment for caprylic acid market. Palm oil is natural oil packed with important compounds and fatty acids ready to be exploited in lipid-based formulations and drug uses. Palm oil and palm kernel oil contain long chain and medium-chain triglycerides, respectively, including phytonutrients such as tocotrienol, tocopherol and carotenes. The utilization of palm oil as part of the drug delivery system seemed to improve the bioavailability and solubility of the drug, stabilizing emulsification of formulation between emulsifier and surfactant, promoting enhanced drug permeability and performance, as well as extending the shelf-life of the drug. Despite the complexity in designing lipid-based formulations, palm oil has proven to offer dynamic behavior in providing versatility in drug design, form and delivery.
Caprylic Acid Market Segment Analysis – By End Use
Personal Care sector has been the primary market for Caprylic Acid. Caprylic triglyceride is an ingredient used in soaps and cosmetics. It’s usually made from combining coconut oil with glycerin. This ingredient is sometimes called capric triglyceride. It’s also sometimes mistakenly called fractionated coconut oil. Caprylic triglyceride is valued as a more natural alternative to other synthetic chemicals found in topical skin products. Companies that claim that their products are “all natural” or “organic” often contain caprylic triglyceride. Caprylic triglyceride is valued as a more natural alternative to other synthetic chemicals found in topical skin products. Companies that claim that their products are “all natural” or “organic” often contain caprylic triglyceride. Unlike the popular diet in vogue i.e. antibiotics and other chemical medicines which pose multiple kinds of risks to human health and the environment, caprylic acid is purely natural substance and safe.
Caprylic Acid Market Segment Analysis – Geography
APAC dominated the Caprylic Acid market with a share of more than xx%, followed by North America and Europe. Asia’s beauty and personal care industry has become an innovation Centre of equal caliber to its global counterparts and Western markets are now looking East for inspiration. In this thought piece, our beauty experts in Asia shine a spotlight on the shifting trends that are affecting consumer behavior. Among them, how the region’s ageing population is impacting the beauty industry and the new waves of disruption rippling across the anti-ageing market. The beauty industry in Asia holds boundless opportunities to cater to consumers, young and old, looking to prevent or tackle the issue of ageing. Consumers are starting their anti-ageing beauty regimes as young as in their 20s, in hopes of prolonging their youth and delaying the signs of ageing.
Caprylic Acid Market Drivers
Growing treatment for skin problems
Coconut oil, comprising caprylic acid, has emerged as a very popular product that is used in the treatment of various skin ailments. In fact, the sheer efficacy of its antimicrobial and antibacterial properties has been proven to treat skin infections in not only humans but different animals too. The powerful compounds present in caprylic acid can ruthlessly suppress the bacteria that may be living on your skin that causes a plethora of infections including acne. Acne is a common skin condition wherein hair follicles plug with dead skin cells and oil. It is evident that coconut oil with rich amount of caprylic acid content keeps a check on skin inflammation preventing the occurrence of acne. In fact, this is exactly the reason for using coconut oil as natural skin moisturizer. It also boosts the health of your hair.
Promotes Digestive Health
The anti-inflammatory properties of caprylic acid can help treat inflammatory bowel disorder, a painful digestive disease. This condition typically involves internal inflammation and bacterial infections – both of which can be treated with caprylic acid. Medium-chain fatty acids, like caprylic acid, suppress the secretion of inflammatory enzymes. This helps treat severe digestive ailments like Crohn’s disease, bloating, and bleeding. The medium-chain fatty acids also protect the epithelium, which is the gut’s first line of defense.
Caprylic Acid Market Challenges
Side effects for liver disease
If you have any form of liver disease, stay away from caprylic acid. The acid is broken down by the liver. But in people with liver disease, this may not happen as efficiently – leading to the build-up of the acid in the blood. This can be fatal. Caprylic acid is broken down by the liver. There is some concern that people with liver disease might not be able to break down caprylic acid. This might cause blood levels of caprylic acid to increase. However, people with liver disease are still able to break down caprylic acid. This is expected to degrade the market growth of caprylic acid market.
Impact of COVID 19
The rapid spread of coronavirus has had a major impact on global markets as, major economies of the world are completely lockdown due to this pandemic. Because of this major lockdown, suddenly all the consumer market has started to show zero interest towards purchasing any goods. One of the major difficulties, market is facing are the shutdown of all kinds of transportation. Global crisis for all sectors including shipping, which was hit by slowing demand in goods’ production and exports had slowdown the market for caprylic acid.
Technology launches, acquisitions and R&D activities are key strategies adopted by players in the Caprylic Acid market. In 2019, the market of Caprylic Acid has been consolidated by the top five players accounting for xx% of the share. Major players in the Caprylic Acid Market are Kuala Lumpur Kepong (KLK), Wilmar International Vantage Oleochemical, CremerOleo, Evergreen Oleochemicals, Pacific Oleochemicals Sdn Bhd among others.
In December 2017, Kuala Lumpur Kepong Berhad has acquired Elementis Specialties Netherlands B.V. for €39M.