Demand For Caprylic Capric Triglycerides In The United States Is Expected To Increase At A High CAGR Of 7% During The Forecast Period: Fact.MR Analysis
Global caprylic capric triglycerides market to be led by North America over the next ten years, says Fact.MR in its newly released market research report.
Rockville, April 11, 2023 (GLOBE NEWSWIRE) -- As per Fact.MR, a provider of market research and competitive intelligence, the global caprylic capric triglycerides market is expected to reach US$ 1.2 billion by the end of 2033, expanding at a CAGR of 5% from 2023 to 2033.Caprylic capric triglyceride is produced by combining fatty acids with natural oils such as glycerin and coconut oil. It is used in various personal and cosmetic products as an emollient, solvent, dispersion agent, and antioxidant. With its natural antioxidant, antimicrobial, and antifungal properties, demand for organic personal care products is expected to increase significantly.
The U.S. FDA's approval of caprylic capric triglyceride for usage in nutritional supplements in the food industry has led to its widespread use in dietary and medicinal applications. The growing demand for personal care products such as skin creams, lotions, moisturizers, sunscreens, lip balms, fragrances, face washes, serums, hair products, and more is expected to continue driving the expansion of the caprylic capric triglyceride market.
*Get Free Sample Report to Grow Your Profit Margin **–* *https://www.factmr.com/connectus/sample?flag=S&rep_id=8498*
Rise in pollution levels and environmental changes leading to deteriorating skin health has been driving the demand for personal care products, thereby contributing to the growth of the caprylic capric triglyceride market. Increasing consumer spending on enhancing body and facial aesthetics worldwide is expected to further propel the sales of these compounds in the coming years.
*Key Takeaways from Market Study*
· The global caprylic capric triglycerides market is valued at US$ 700 million as of 2023.
· Demand for caprylic capric triglycerides is projected to increase at a CAGR of 5% during the forecast period (2023 to 2033).
· The market for caprylic capric triglycerides is estimated to touch US$ 1.2 billion by 2033.
· Demand for caprylic capric triglycerides in the United States is expected to increase at a high CAGR of 7% during the forecast period.
· Consumption of medicines containing caprylic capric triglycerides is expected to rise at a CAGR of 5% through 2033.“Increasing government push to use of organic products and rising environmental concerns are expected to fuel the demand for caprylic capric triglycerides for use in industrial products,” says a Fact.MR analyst.
*Key Segments of **Caprylic* *Capric** Triglycerides Industry*
· *By Form :*
· Liquid
· Semi-solid
· *By Source :*
· Coconut Oil
· Palm Oil
· Others
· *By Application :*
· Skincare
· Hair Care
· Makeup
· Fragrances
· Food
· Medicines
· Bath & Body Care
· *By Region :*
· North America
· Latin America
· Europe
· Asia Pacific
· Middle East & Africa*Get Customization on this Report fo**r Specific Research Solutions **–* *https://www.factmr.com/connectus/sample?flag=RC&rep_id=8498*
*Report Attributes* *Details*
Market Size in 2022 US$ 700 Million
Estimated Market Value (2023) US$ 735 Million
Projected Market Value (2033) US$ 1.2 Billion
Global Market Growth Rate (2023 to 2033) 5% CAGR
United States Market Growth Rate (2023) 7.7% CAGR
No. of Pages 170 Pages
No. of Tables 84 Tables
No. of Figures 112 Figures
*Winning Strategy*
The market for caprylic capric triglycerides is anticipated to expand as a result of the rising demand from the food and beverages sector as well as the personal care and cosmetics industry due to their natural benefits. Also, it is anticipated that R&D pertaining to the usage of promising and inexpensive raw materials for the manufacturing of caprylic capric triglycerides will drive the market during the forecast period.
· Algal oil is used as a raw resource in a novel caprylic acid synthesis method created by Solazyme Inc. The utilization of algal oil is a cost-effective method to produce caprylic acid and meet the growing demand from customers.*Key Companies Profiled*
· Mckinley Resources Inc.
· Cremer Oleo GmbH & Co.
· Merck KGaA
· Interfat
· Procter & Gamble
· Hydrite Chemicals Co.
· Vigon International
· Ecogreen Oleochemicals
· Wilmar BioEthanol*Explore Our Safe & Secure Payment Options for Quick Buy **– **https://www.factmr.com/checkout/8498*
*More Valuable Insights on Offer*
Fact.MR, in its new offering, presents an unbiased analysis of the global caprylic capric triglycerides market, presenting historical demand data for 2018 to 2022 and forecast statistics for 2023 to 2033.
The study divulges essential insights into the market based on form (liquid, semi-solid), source (coconut oil, palm oil, others), and application (skincare, hair care, makeup, fragrances, food, medicines, bath & body care), across five major regions of the world (North America, Europe, Asia Pacific, Latin America, and the Middle East & Africa).
*Check out more related studies published by Fact.MR Research: *
*Capric** Acid Market*: Capric acid is a medium-chain saturated fatty acid that is also referred to as Decanoic acid or Decylic acid. Capric acid is known to be found abundantly in tropical oils such as palm kernel oil and coconut oil. Besides tropical oils, capric acid is also found in significant amounts in cow’s or goat’s milk. Commercially, capric acid is produced from the oxidation of decanol along with the use of oxidant chromium trioxide.
*Liquid Crystal Polymer Market**: *The global market is anticipated to reach a valuation of US$ 2 Bn by 2031, expanding at a steady CAGR of 5% across the assessment period of 2021 to 2031. Liquid crystal polymers (LCPs) possess excellent properties - they are fire-resistant at high temperatures and chemically-resistant in very thin-walled applications. As such, they hold immense potential for a variety of applications that depend on an optical or a mechanical response to external stimuli.
*Liquid Organic Hydrogen Carriers Market**: *According to the latest study by Fact.MR, liquid organic hydrogen carriers market is expected to get major boost in demand over the forecast period. Vital need for technologies that support safe transportation and storage of potential energy is driving the LOHC market. Moreover Fact.MR projects substantial demand for LOHC over the forecast period growing at a CAGR of around 5.6%.
*Liquid Polybutadiene Market**: *The global liquid polybutadiene market is set to enjoy a valuation of US$ 353.6 million in 2022 and further expand at a CAGR of 6.1% to reach US$ 642.7 million by the end of 2032. Sales of liquid polybutadiene accounted for nearly 3.1% of the global polybutadiene market at the end of 2021. Booming demand across paints and coatings fuels the overall sales of the market.
*Liquid Propellants Market*: The expansion of the rocket propulsion sector is fueled by an increase in the number of space expeditions, high efficiency and technological improvements in the rocket propulsion, due to which the liquid propellants market is expected to grow at a CAGR of over 7% during the forecast period and demand for the product is set to behold the huge gain. During the assessment period, the market is expected to benefit from the rising demand for effective rocket propelling chemicals in numerous countries.
*About Us:*
We are a trusted research partner of 80% of fortune 1000 companies across the globe. We are consistently growing in the field of market research with more than 1000 reports published every year. The dedicated team of 400-plus analysts and consultants is committed to achieving the utmost level of our client’s satisfaction.
*Specialties: *Competition Tracking, Customized Research, Syndicated Research, Investment Research, Social Media Research, Business Intelligence, Industry Analysis, Thought Leadership.
*Contact**:*
US Sales Office:
11140 Rockville Pike
Suite 400
Rockville, MD 20852
United States
Tel: +1 (628) 251-1583
Connect to Analyst: Yash Pathak
*Email *: yash@factmr.com
*Sales Team* : sales@factmr.com
*Follow Us:* LinkedIn | Twitter | YouTube