The global caprylic acid market is expected
to reach USD 4.4 million by 2022, according to a new report by Grand View
Research, Inc. Widespread use of caprylic acid in personal care, and
pharmaceutical industry coupled with the growth of these end-use industries is
expected to drive growth. Furthermore, growing demand for the acid in
manufacturing pesticides and surfactants is expected to propel market growth
over the projected period.
Pharmaceutical
accounted for 17.9% of the overall volume share in 2014. Growing use of
caprylic acid in the treatment of yeast infections on account of its
anti-microbial and anti-fungal properties is expected to propel demand over the
forecast period. Furthermore, rising use of the product for treatment of
Crohn’s disease, bladder infections and gingivitis is also expected to drive
the market.
To request a
sample copy or view summary of this report, click the link below:
Further key findings from the study suggest:
- Personal care accounted for 39.2% of the overall volume share in 2014. Caprylic acid is used extensively in hair care, skin care, and cosmetic products owing to its skin as well as hair conditioning properties. Furthermore, caprylic acid helps acts as an emollient and dispersing agent wherein it helps in the release of pigments and vitamins thereby providing smooth texture to the hair as well as skin.
- Caprylic acid has profound usage as a natural antimicrobial ingredient for food contact surfaces & equipment, which includes breweries, wineries, and meat processing plants. It helps to maintain proper functioning of the digestive tract and pH balance of the body. Furthermore, this product also activates ghrelin, which stimulates hunger and increases appetite. Market for caprylic acid in food & beverage applications is estimated to be worth USD 1.3 million by 2022.
- North America market accounted for over 30.0% of the volume and revenue share in 2014. Growing demand for organic personal care products as well as food & beverages is expected to be a key factor driving the market. Caprylic acid is used on food & beverage processing equipment due to its anti-microbial and anti-fungal property.
- Asia Pacific caprylic acid demand was 118.2 tons in 2014. Personal care segment in Asia Pacific is expected to witness significant growth on account of increasing disposable income and changing consumer preferences towards naturally derived organic products. In addition, China pharmaceutical market is expected to witness significant growth on account of the economic & demographic conditions, improved R&D activity and growing health concerns.
- Caprylic acid market is characterized by integration across various stages of the value chain by the various companies including Willmar International Limited, Kuala Lumpur Kepong Berhad, VVF Company, P&G and Oxiteno
See More
Reports of This Category:
About
Grand View Research:
Grand View Research, Inc. is a U.S.
based market research and consulting company, registered in the State of California
and headquartered in San Francisco. The company provides syndicated research
reports, customized research reports, and consulting services. To help clients
make informed business decisions, we offer market intelligence studies ensuring
relevant and fact-based research across a range of industries, from technology
to chemicals, materials and healthcare.
Contact:
Sherry James
Corporate Sales Specialist, USA
Grand View Research, Inc
Phone: 1-415-349-0058
Toll Free: 1-888-202-9519
Email:
sales@grandviewresearch.com
No comments:
Post a Comment