Caprylic Capric Triglycerides Market

Caprylic/Capric Triglycerides Market Growth Outlook (2023 to 2033)

The global caprylic/capric triglycerides market is valued at US$ 735 million in 2023 and is forecasted 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 a substance created by combining glycerin and fatty acids from natural oils, including coconut oil. These triglycerides function as antioxidants and aid in making the skin smooth, which is why they are commonly used in skincare products such as soaps and cosmetics. They are clear, colorless, odorless liquids that provide a natural alternative to the synthetic chemicals found in many skincare products.

Aside from personal care, caprylic/capric triglycerides can also find applications in various other industries, such as pharmaceuticals and food and beverages.

Caprylic triglycerides are primarily composed of coconut oil and glycerin. They act as emollients and help retain moisture in the skin by creating a thin, non-greasy layer of lubrication. Caprylic triglycerides can be found in various skincare products such as lipsticks, eye makeup, face serums, moisturizers, sunscreen, and others. Although they are naturally present in food, they can also be produced using industrial techniques.

The fast-paced lifestyle of the urban environment has led to an increased dependence on dietary supplements. Capric triglycerides are included in dietary supplements as they can enhance stamina and endurance. With growing concerns over the negative effects of synthetic products, the demand for natural ingredient-based products is on the rise, particularly in the cosmetics industry. This is expected to provide a promising growth opportunity for the global caprylic capric triglycerides market.

Demand for caprylic triglycerides is expected to grow over the coming years due to its increasing utilization in the food and beverages and personal care sectors. Caprylic triglycerides are known for their desirable characteristics, such as being lightweight and non-greasy, and for their ability to be rapidly absorbed into the skin. These triglycerides are widely acknowledged to work effectively with most skin types, making them a preferred choice for people with sensitive skin.

Fact.MR’s report on the caprylic triglycerides market provides a comprehensive analysis for each country, including details about the rise in healthcare spending on capital equipment, the installed base of various products in the caprylic capric triglycerides market, the influence of technology using lifeline curves, and changes in healthcare regulatory scenarios, along with their effects on the market.

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
Key Companies Profiled	Mckinley Resources Inc. Cremer Oleo GmbH & Co. Merck KGaA Interfat Procter & Gamble Hydrite Chemicals Co. Vigon International Ecogreen Oleochemicals Wilmar BioEthanol

Why is the Use of Caprylic Capric Triglycerides Growing in the Cosmetics Industry?

“Excellent Skin Replenishing and Hydrating Capabilities of Caprylic”

Caprylic capric triglycerides are gaining popularity in the body care and cosmetics industries due to their beneficial properties, including their skin replenishing and hydrating capabilities as well as their non-greasy feel. These compounds are widely used in various cosmetic and personal care products. It is expected that demand for caprylic triglycerides will continue to grow in the coming years as their applications expand to hair care products.

Because emollient esters are widely utilized in personal care products to soften the skin, sales of cosmetics and personal care products will increase significantly. The personal care industry is expected to exhibit substantial growth due to the widespread use of these compounds among the working population. The continued use of these chemicals by this section is expected to drive sales of caprylic triglycerides for various personal care applications.

“Increasing Disposable Income in Emerging Countries Driving Sales of Body Care Products”

Growing demand for body care products such as creams, lotions, and cleansers is fueling the sales of caprylic capric triglycerides. Their popularity stems from their smooth texture and antioxidant properties. Egypt, China, and India are emerging as lucrative markets for manufacturers of caprylic capric triglycerides.

Sales of caprylic/capric triglycerides in the Middle East and Asia Pacific are expanding, driven by changing attitudes towards cosmetics and fashion. In addition to people’s increasing disposable income, the market is also benefiting from changes in lifestyles.

What are the Factors Restraining the Sales of Caprylic Capric Triglycerides?

“Health Implications Associated with Use of Products Containing Caprylic Triglycerides”

Caprylic capric triglycerides can have adverse effects such as skin irritation, rashes, gastrointestinal discomfort, nausea, and diarrhea when ingested. These health concerns have been hindering sales of caprylic capric triglycerides. Other factors that are limiting the market's growth include the high cost of caprylic capric triglycerides and the availability of cheaper alternatives.

Country-wise Analysis

How is Demand for Caprylic Capric Triglycerides Shaping Up in the United States?

“Increasing Utilization of Caprylic Capric Triglycerides as Contact Surface Sanitizer”

During the forecast period, sales of caprylic capric triglycerides in North America are anticipated to increase significantly due to the growing food and beverages and personal care industries.

The utilization of caprylic acid as a food contact surface sanitizer has increased due to its antibacterial and antifungal properties, leading to a rise in demand for the product in wineries, breweries, and dairy facilities. Additionally, the caprylic market is expected to experience growth fueled by the United State's personal care industry, particularly in the skin and hair cream sector.

In the United States, there is a growing demand for naturally sourced products that are healthy for consumption among young people, which has led to a growing demand for caprylic triglycerides. Sales of caprylic triglycerides in the United States are estimated to grow at a CAGR of 7% during the forecast period. This is because major weight loss campaigns related to the consumption of caprylic acid are organized in countries such as Canada and the United States.

Why are Sales of Caprylic Capric Triglycerides Increasing in Asia Pacific?

“Increasing Government Investments in Health Technologies Driving Demand for Caprylic Capric Triglycerides”

Caprylic capric triglycerides are extensively utilized in the food, wax, and perfumery industries in emerging economies such as South Korea, China, India, and Japan. The Japanese pharmaceutical market is anticipated to expand significantly as a result of escalating health concerns, better economic and statistical conditions, and increasing R&D initiatives.

The reason behind the growth of government initiatives and investments for the development of essential health technology, infrastructure, and research and development operations in emerging economies like India is attributed to their large populations and high incidence of chronic diseases. Growing utilization of personal care products and increasing disposable incomes in these economies are contributing to high sales of caprylic capric triglycerides.

Category-wise Analysis

Which Oil is a Potent Source of Caprylic Capric Triglycerides?

“Anti-aging Properties of Coconut Oil Makes it Rich Source of Caprylic Capric Triglycerides”

Coconut fruit is used to obtain coconut oil, which is a high-quality nutritional fat. Compared to other plant-based oils, coconut oil has a higher fat concentration and a lower protein and medium protein level. Coconut oil contains 5% to 8% caprylic acid, while palm oil has a caprylic acid level of only 3% to 5%. Coconut oil is rich in lauric acid, which can be converted into antiviral monolaurin, thus making it a renowned advantage of using coconut oil.

If used undiluted with carrier oils like olive or sunflower seed oil, coconut oil may trigger skin allergies. As it does not possess any natural fragrance, it is commonly added during the manufacturing process. Coconut oil is in higher demand than palm oil due to the latter’s lower yield as a plant-based commodity. As one grows older and faces more sun exposure, their body generates an increased number of free radicals, which leads to the formation of wrinkles on the face and neck.

Coconut oil has significant antioxidant capabilities that help reduce swelling and prevent aging caused by free radicals. Virgin coconut oils have low acidity, so producers of cosmetics frequently choose to include this oil in soaps.

Which End Uses Account for High Sales of Caprylic Capric Triglycerides?

“Rapidly Increasing Utilization of Caprylic Capric Triglycerides in Medications for Treatment of Chronic Disorders & Infections”

The medicines segment is anticipated to expand at a CAGR of 5% through 2033, followed by the skincare segment, due to technological advancements, a growing aging population, and rising awareness of generic medications.

The rising usage of caprylic capric triglycerides in the treatment of gingivitis, fungal infections, urinary tract infections, Crohn's disease, and bladder infections has resulted in their growing demand. These compounds are extensively used in the production of cosmetics, personal care items, masking agents, and perfumes. As dispersing agents, they impart a smooth texture to both the skin and hair.

Competitive Landscape

The market for caprylic capric triglycerides is dominated by major players. As more companies enter the market in the coming years, the competitive environment is expected to become increasingly intense. The larger companies are primarily focused on expanding their global reach while also investing in sustainable production methods to lower costs and enhance their financial standing. To remain at the forefront of the caprylic capric triglycerides market, these companies are making significant investments in research and development to create innovative products and expand their product lines.

• In July 2020, Vita Coco launched Vita Coco Boosted, a coconut water product that contains MCT (medium-chain triglyceride) oil, which is expected to increase demand for MCT oil throughout the forecast period.
• In May 2021, BASF introduced a new fungicide solution based on Revysol.

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