Caprylic Acid Size, Share, Growth, Demand, Emerging Trends and Forecast by 2029
Data Bridge Market Research analyses that the caprylic acid market was valued at USD 4.60 million in 2021 and is expected to reach USD 9.65 million by 2029, registering a CAGR of 9.70% during the forecast period of 2022 to 2029. In addition to the insights on market scenarios such as market value, growth rate, segmentation, geographical coverage, and major players, the market reports curated by the Data Bridge Market Research also include in-depth expert analysis, geographically represented company-wise production and capacity, network layouts of distributors and partners, detailed and updated price trend analysis and deficit analysis of supply chain and demand.
Caprylic acid is also known as octanoic acid. This is a medium-chain fatty acid naturally found in coconut oil, palm oil, and the milk of humans and some animals. Caprylic acid is a component of medium-chain triglyceride (MCT) products. People mainly use caprylic acid for epilepsy which is a nerve disorder that causes digestive disorders, uncontrollable shaking (essential tremor), kidney failure and many other conditions, but there is no good scientific evidence to support these uses.
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Some of the major players operating in the caprylic acid market are:
- Wilmar International Ltd (Singapore)
- KLK OLEO. (Malaysia)
- Ecogreen Oleochemicals (Singapore)
- Procter & Gamble (U.S.)
- IOI Corporation Berhad (Malaysia)
- Pacific Oleochemicals Sdn Bhd (Malaysia)
- McKinley Resources Inc. (U.S.)
- Cremer Oleo GmbH & Co. KG (Germany)
- Merck KGaA (Germany)
- Vigon International, LLC. (U.S.)
- Spectrum Chemical (U.S.)
Global Caprylic Acid Market Scope:
The caprylic acid market is segmented on the basis of raw material and application. The growth amongst these segments will help you analyse meagre growth segments in the industries and provide the users with a valuable market overview and market insights to help them make strategic decisions for identifying core market applications.
Raw Material
- Coconut Oil
- Palm Oil
- Mammal Milk
- Others
Application
- Personal care
- Cosmetics
- Pharmaceutical
- Food & Beverage
- Fertilizer
- Chemicals
- Others
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Caprylic Acid Market Regional Analysis/Insights:
The caprylic acid market is analysed and market size insights and trends are provided by country, raw material and application as referenced above.
The countries covered in the caprylic acid market report are U.S., Canada and Mexico in North America, Germany, France, U.K., Netherlands, Switzerland, Belgium, Russia, Italy, Spain, Turkey, Rest of Europe in Europe, China, Japan, India, South Korea, Singapore, Malaysia, Australia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific (APAC) in the Asia-Pacific (APAC), Saudi Arabia, U.A.E, South Africa, Egypt, Israel, Rest of Middle East and Africa (MEA) as a part of Middle East and Africa (MEA), Brazil, Argentina and Rest of South America as part of South America.
North America dominates the caprylic acid market in terms of revenue and market share. This is due to the growing patient population which is suffering from chronic diseases and availability of major market players in this region
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