Global Caprylic/Capric Triglycerides Market, By Application (Skin Care, Hair Care, Makeup, Fragrances, Bath and Body Care, Food and Medicines), Form (Liquid and Semi-solid), Source (Coconut oil, Palm oil and Other sources), End Use Industry (Cosmetic and Personal Care Industry, Pharmaceutical Industry, Food and Beverage Industry, Health and Wellness Industry and Others) – Industry Trends and Forecast to 2030.
Caprylic/Capric Triglycerides Market Analysis and Size
According to L'Oreal, the global cosmetics market will be worth more than EUR 213 billion in 2020, with skin care accounting for approximately 42% of the total. Skin care products experienced positive market growth in 2020 and were a major contributor to the cosmetics market. According to Cosmetics Europe, the European Cosmetics and Personal Care industry was valued at approximately USD 95.32 billion in 2019, with a growth rate of approximately 1.5% compared to the previous year, resulting in an increase in the region's demand for cosmetics. As a result, the above factors are expected to significantly impact the caprylic/capric triglycerides market in the coming years.
Data Bridge Market Research analyses that the caprylic/capric triglycerides market which is USD 0.73 billion in 2022, is expected to reach USD 1.2 billion by 2030, at a CAGR of 6% during the forecast period 2023 to 2030. 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 depth expert analysis, patient epidemiology, pipeline analysis, pricing analysis, and regulatory framework.
Caprylic/Capric Triglycerides Market Scope and Segmentation
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Report Metric
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Details
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Forecast Period
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2023 to 2030
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Base Year
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2022
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Historic Years
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2021 (Customizable to 2015 - 2020)
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Quantitative Units
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Revenue in USD Billion, Volumes in Units, Pricing in USD
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Segments Covered
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Application (Skin Care, Hair Care, Makeup, Fragrances, Bath and Body Care, Food and Medicines), Form (Liquid and Semi-solid), Source (Coconut oil, Palm oil and Other sources), End Use Industry (Cosmetic and Personal Care Industry, Pharmaceutical Industry, Food and Beverage Industry, Health and Wellness Industry and Others)
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Countries Covered
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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
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Market Players Covered
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Croda International plc (U.K.), Oleon NV (Belgium), Ecogreen Oleochemicals (Singapore), Cremer North America, LP (U.S.), IOI Oleo GmbH (Germany), KLK Oleo (Malaysia), Oxiteno (Brazil), BERG + SCHMIDT GmbH & CO. (Germany), Emery Oleochemicals (Malaysia), Sternchemie GmbH & Co KG (Germany)
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Market Opportunities
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Market Definition
Caprylic triglycerides is an oily liquid made by combining coconut oil and glycerin. This ingredient is also known as capric triglyceride. It's also occasionally referred to incorrectly as fractionated coconut oil. It helps to smooth the skin and acts as an antioxidant. Caprylic triglycerides are naturally occurring fatty acid compounds. Because of their high-fat content, as well as their surface and antioxidant agent properties, they are ideal for cleanser and skincare products. It is used in cosmetics to extend the life of active ingredients in beauty care products by acting as a preservative by binding together other ingredients.
Caprylic/Capric Triglycerides Market Dynamics
Drivers
- Rising demand from emerging economies
The global demand for personal care products such as creams, moisturizers, and soaps is driving the caprylic/capric triglyceride market. Its smooth texture, oxidizing effect, and low cost make it extremely popular. The market is expected to expand further in countries such as India, China, and Egypt. As a result of changing attitudes toward cosmetics and fashion, regions such as the Middle East and Asia Pacific are experiencing rapid growth. Increased per capita income and changing lifestyles are also positively influencing the market. Because of its versatile benefits, the caprylic/capric triglycerides industry is expected to grow during the forecast period.
Opportunities
- Rising usage of caprylic capric triglycerides
Caprylic capric triglyceride is gaining popularity in the personal care and cosmetics industries due to its beneficial properties such as skin replenishment, emollient, antioxidant, moisturizing, and non-greasy feel, among others. It is widely used in personal care and cosmetics products such as face creams, perfumes, moisturizers, lipstick, foundations, eye makeup, sunscreens, and others. As a result of rising consumer spending on improving body and facial aesthetics around the world, the caprylic capric triglyceride market is expected to grow rapidly.
Restraints/Challenges
- Side effects associated with the use and consumption of caprylic/capric triglycerides
Some side effects are associated with the use and consumption of caprylic capric triglycerides such as skin irritation, rashes, gastric distress, nausea, and diarrhoea among others. The increasing prevalence of such ailments is impeding global market sales.
Furthermore, the high cost of caprylic capric triglyceride and the increasing availability of low-cost substitutes are some of the factors restraining market growth.
This caprylic/capric triglycerides market report provides details of new recent developments, trade regulations, import-export analysis, production analysis, value chain optimization, market share, impact of domestic and localized market players, analyses opportunities in terms of emerging revenue pockets, changes in market regulations, strategic market growth analysis, market size, category market growths, application niches and dominance, product approvals, product launches, geographic expansions, technological innovations in the market. To gain more info on the caprylic/capric triglycerides market contact Data Bridge Market Research for an Analyst Brief, our team will help you take an informed market decision to achieve market growth.
COVID-19 Impact on the Caprylic/Capric Triglycerides Market
COVID-19 had a negative impact on the market in 2020. Lipstick, eyeliner, cream-based and liquid foundations, moisturizing face creams, sunscreens, eye creams, anti-aging serums, and other cosmetics contain caprylic/capric triglycerides. During the pandemic scenario, the cosmetics makeup segment suffered the most negative consequences due to people not frequently visiting salons or intending to do such jobs at home. For instance, according to L'Oreal, the global revenue of the cosmetics market will fall by 8% in 2020 compared to 2019, reaching EUR 213 billion.
Global Caprylic/Capric Triglycerides Market Scope
The caprylic/capric triglycerides market is segmented on the basis of application, form, source and end use industry. The growth amongst these segments will help you analyze 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.
Application
- Skin Care
- Hair Care
- Makeup
- Fragrances
- Bath and Body Care
- Food and Medicines
Form
- Liquid
- Semi-solid
Source
- Coconut oil
- Palm oil
- Other sources
End Use
- Cosmetic and Personal Care Industry
- Pharmaceutical Industry
- Food and Beverage Industry
- Health and Wellness Industry
- Others
Caprylic/Capric Triglycerides Market Regional Analysis/Insights
The caprylic/capric triglycerides market is analyzed and market size insights and trends are provided by country, application, form, source and end use industry as referenced above.
The countries covered in the caprylic/capric triglycerides 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/capric triglycerides market because of the region's well-developed healthcare infrastructure and favourable reimbursement policies.
Asia-Pacific is expected to grow at the highest growth rate in the forecast period of 2023 to 2030 because of a decrease in the consumption of caprylic/capric triglycerides in the cosmetics industry. Furthermore, the presence of major key players, as well as the growing demand from foods and beverages, will drive the growth of the caprylic/capric triglycerides market in the region over the forecast period.
The country section of the report also provides individual market impacting factors and changes in regulation in the market domestically that impacts the current and future trends of the market. Data points like down-stream and upstream value chain analysis, technical trends and porter's five forces analysis, case studies are some of the pointers used to forecast the market scenario for individual countries. Also, the presence and availability of global brands and their challenges faced due to large or scarce competition from local and domestic brands, impact of domestic tariffs and trade routes are considered while providing forecast analysis of the country data.
Healthcare Infrastructure Growth Installed base and New Technology Penetration
The caprylic/capric triglycerides market also provides you with detailed market analysis for every country growth in healthcare expenditure for capital equipment, installed base of different kind of products for caprylic/capric triglycerides market, impact of technology using life line curves and changes in healthcare regulatory scenarios and their impact on the caprylic/capric triglycerides market. The data is available for historic period 2011-2021.
Competitive Landscape and Caprylic/Capric Triglycerides Market Share Analysis
The caprylic/capric triglycerides market competitive landscape provides details by competitor. Details included are company overview, company financials, revenue generated, market potential, investment in research and development, new market initiatives, global presence, production sites and facilities, production capacities, company strengths and weaknesses, product launch, product width and breadth, application dominance. The above data points provided are only related to the companies' focus related to caprylic/capric triglycerides market.
Some of the major players operating in the caprylic/capric triglycerides market are:
- Croda International plc (U.K.)
- Oleon NV (Belgium)
- Ecogreen Oleochemicals (Singapore)
- Cremer North America, LP (U.S.)
- IOI Oleo GmbH (Germany)
- KLK Oleo (Malaysia)
- Oxiteno (Brazil)
- BERG + SCHMIDT GmbH & CO. (Germany)
- Emery Oleochemicals (Malaysia)
- Sternchemie GmbH & Co KG (Germany)
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