The global caprylic/capric triglycerides market is expected to grow at a CAGR of 4.00% in the forecast period of 2025-2034 to reach a value of USD 1.06 billion by 2034.
The Asia-Pacific Presents Significant Growth Opportunities for the Caprylic/Capric Triglycerides Industry
Region-wise, the Asia-Pacific and the Middle East and Africa markets for caprylic/capric triglycerides are growing significantly. Within the Asia-Pacific region, India and China have witnessed considerable growth over the past years. Due to the dynamic nature of the market in these developing economies as a result of rapid urbanisation, increasing disposable incomes, and changing lifestyles, the market is expected to grow rapidly in the forecast period. Additionally, India is considered to become the next home of several international producers of the product owing to the accelerating cosmetics market in the country in the forecast period. The cosmetics market in Indian is also influenced by the rising trend of influencers on the digital platform that promotes and market various cosmetic brands, along with the increasing number of young consumers within the country.
The Global Market for Caprylic/Capric Triglycerides is Bolstered by the Growing Demand for Cosmetics
The market for caprylic/capric triglycerides is being driven by the rising demand for cosmetics. The product is used in the cosmetic products as an absorbent which smoothens the skin and leaves a dry finish upon oiling of the skin. It is in high demand for products like cream, moisturizer, lotion, serum, cleanser and face wash, among others, as it does not get sticky and heavy on the skin. The product is also used in the medical field as it provides an energy source for patients ailing from fat malabsorption syndrome. Caprylic/capric triglycerides are pure and have unique attributes that still find applications in medical and nutritional products.The Asia-Pacific Presents Significant Growth Opportunities for the Caprylic/Capric Triglycerides Industry
Region-wise, the Asia-Pacific and the Middle East and Africa markets for caprylic/capric triglycerides are growing significantly. Within the Asia-Pacific region, India and China have witnessed considerable growth over the past years. Due to the dynamic nature of the market in these developing economies as a result of rapid urbanisation, increasing disposable incomes, and changing lifestyles, the market is expected to grow rapidly in the forecast period. Additionally, India is considered to become the next home of several international producers of the product owing to the accelerating cosmetics market in the country in the forecast period. The cosmetics market in Indian is also influenced by the rising trend of influencers on the digital platform that promotes and market various cosmetic brands, along with the increasing number of young consumers within the country.
Caprylic/Capric Triglycerides: Market Segmentation
Caprylic/capric triglycerides, variously known as MCT oil or medium-chain triglycerides is formulated by the reaction of coconut oil with glycerol through the esterification method. It is used extensively in cosmetics, beauty, and personal use industries as it offers oxidative stability and smooth texture.On the basis of function, the market is divided into:
- Dispersing Agents
- Solubilizers
- Solvents
- Spreading Agents
- Others
Based on end use, the industry can be segmented into:
- Food and Beverages
- Personal Care and Cosmetics
- Pharmaceuticals
- Process Industries
- Others
The regional markets for the product include:
- North America
- Europe
- Asia-Pacific
- Latin America
- Middle East and Africa
Rising Demand from Emerging Economies to Aid the Global Caprylic/Capric Triglycerides Market Growth
The market for caprylic/capric triglycerides is driven by the growing demand for personal care products like creams, moisturizers, and soaps across the world. It is in huge demand due to its smooth texture, oxidizing effect, and low cost. The market is expected to witness further growth prospects in countries, such as India, China, and Egypt. Regions such as the Middle East and the Asia-Pacific are witnessing robust growth as a result of changing perception towards cosmetics and fashion. Factors such as increased per capita income and changing lifestyles are also influencing the market positively. The caprylic/capric triglycerides industry is predicted to grow during the forecast period owing to its versatile benefits.Key Industry Players in the Global Caprylic/Capric Triglycerides Market
The report gives a detailed analysis of the following key players in the global caprylic/capric triglycerides market, covering their competitive landscape, capacity, and latest developments like mergers, acquisitions, and investments, expansions of capacity, and plant turnarounds:- Berg + Schmidt GmbH & Co. KG
- Croda International plc
- IOI Oleo GmbH
- Oleon NV
- Ecogreen Oleochemicals Inc.
- Others
Table of Contents
1 Executive Summary
2 Market Overview and Stakeholder Insights
3 Economic Summary
4 Country Risk Profiles
5 Global Caprylic/Capric Triglycerides Market Analysis
6 North America Caprylic/Capric Triglycerides Market Analysis
7 Europe Caprylic/Capric Triglycerides Market Analysis
8 Asia-Pacific Caprylic/Capric Triglycerides Market Analysis
9 Latin America Caprylic/Capric Triglycerides Market Analysis
10 Middle East and Africa Caprylic/Capric Triglycerides Market Analysis
11 Market Dynamics
13 Price Analysis
14 Manufacturing Process
15 Competitive Landscape
Companies Mentioned
The key companies featured in this Caprylic/Capric Triglycerides market report include:- Berg + Schmidt GmbH & Co. KG
- Croda International plc
- IOI Oleo GmbH
- Oleon NV
- Ecogreen Oleochemicals Inc.