Capric Acid Market
Capric Acid Market Share & Trends Analysis, By Source (Natural, Synthetic), By End-user (Food and Beverage (F&B), Personal Care, Industrial Chemicals, Others) & By Region Forecast - Global Market Insights 2019 to 2029
Capric Acid Market Introduction
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. The use of capric acid in consumer products is high as the health benefits obtained by the consumption of capric acid are numerous.
For instance, it is known to increase good cholesterol in the body when consumed in combination with other medium-chain fatty acids such as lauric acid and caprylic acid. Other beneficial properties of capric acid include cleansing, emulsifying, perfuming, surfactant, humectant, emollient, excipient, and masking. Furthermore, capric acid also contains antibacterial and antiviral properties. This has enabled the utilization of capric acid as a denture disinfectant. Industrial applications of capric acid include the manufacture of perfumes, lubricants, plastics, food additives, greases, rubber, dyes, and pharmaceuticals.
Capric Acid Market Dynamics
The growing demand for capric acid from the pharmaceutical industry is one of the key driving factors leading to the growth of the global capric acid market. The healthcare industry has grown significantly during the past years and is expected to grow further in the future years as changing lifestyles has resulted in a higher dependence of the population on medicine and pharmaceuticals. The esters of capric acid (decanoate esters) are extensively used in the production of drugs for increasing its affinity towards adipose tissue i.e. to increase its lipophilicity.
Some examples of drugs derived from the esters of capric acid are haloperidol, bromperidol, and nandrolone among others. This has considerably resulted in a higher demand for capric acid from the pharmaceutical industry and hence is expected to drive the growth of the global capric acid market.
Another key factor driving the sales of global capric acid is expected to be the growing demand from the perfume industry. Perfume is a luxury-based consumer good which is increasingly being consumed across developed and developing countries. This has significantly resulted in the growth of the perfume and fragrances industry. Capric acid is one of the key ingredients used in the production of perfumes. Hence, the growing production of perfumes is expected to benefit the growth of the global capric acid market.
Availability of other medium-chain fatty acids such as caproic acid, lauric acid, and caprylic acid among others with properties similar to capric acid might restrain the sales of global capric acid. However, the intensity of impact is expected to be low and thus the dominating impacts of driving factors are expected to lead to the growth of the global capric acid market. This growth is expected to be further enhanced by the investments of capric acid manufacturers being made in high-growth regions such as East Asia and South Asia for economic production and expansion.
Capric Acid Market Participants
Some of the market participants identified across the value chain of global capric acid market that are involved in the manufacturing, supply or distribution of capric acid are P&G Chemicals, KLK OLEO, IOI Oleochemicals, Acme-Hardesty Company, Sisco Research Laboratories Pvt. Ltd., Mosselman s.a, Saanvi Corp, Chemical Associates and Oleocomm Global SDN BHD among others.
Capric Acid Market Regional Outlook
Asian regions are expected to dominate the global capric acid market. Owing to economical production and increasing manufacturing, East Asia is expected to dominate in the global capric acid market. Also, improving the infrastructure and economy of South Asian countries are expected to mark South Asia as a significant consuming region of the global capric acid market. Manufacturers are highly focusing on investment in countries like China, Japan, and India as they offer various opportunities for growth to the market. Other regions such as North America and Europe are also expected to hold promising shares of the global capric acid market.
The research report presents a comprehensive assessment of the market and contains thoughtful insights, facts, historical data, and statistically supported and industry-validated market data. The report also contains projections using a suitable set of assumptions and methodologies. The research report provides analysis and information according to market segments such as geographies and applications.
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The Report covers exhaustive analysis on:
- Market Segments
- Market Dynamics
- Market Size
- Supply & Demand
- Current Trends/Issues/Challenges
- Competition & Companies involved
- Value Chain
Regional analysis includes:
- North America (U.S., Canada)
- Latin America (Mexico, Brazil)
- Western Europe (Germany, Italy, France, U.K, Spain)
- Eastern Europe (Poland, Russia)
- Asia Pacific (China, India, ASEAN, Australia & New Zealand)
- Middle East and Africa (GCC Countries, S. Africa, Northern Africa)
The report is a compilation of first-hand information, qualitative and quantitative assessment by industry analysts, inputs from industry experts and industry participants across the value chain. The report provides in-depth analysis of parent market trends, macro-economic indicators and governing factors along with market attractiveness as per segments. The report also maps the qualitative impact of various market factors on market segments and geographies.
An Adaptive Approach to Modern-day Research Needs
- Detailed overview of parent market
- Changing market dynamics in the industry
- In-depth market segmentation
- Historical, current, and projected market size in terms of volume and value
- Recent industry trends and developments
- Competitive landscape
- Strategies of key players and products offered
- Market potential and niche segments, geographical regions exhibiting promising growth
- A neutral perspective on market performance
- Must-have information for market players to sustain and enhance their market footprint
NOTE - All statements of fact, opinion, or analysis expressed in reports are those of the respective analysts. They do not necessarily reflect formal positions or views of the company.
Capric Acid Market Segmentation
The global capric acid market can be segmented on the basis of source, end-use and regions.
On the basis of source, the global capric acid market can be segmented as:
On the basis of end-user, the global capric acid market can be segmented as:
- Food and Beverage (F&B)
- Personal Care
- Industrial Chemicals
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