Caprylic/capric triglycerides find application in a wide range of products, including creams, lotions, moisturizers, and hair care products. Their ability to act as emollients, solvents, and dispersing agents makes them valuable ingredients in the formulation of cosmetics and personal care products. Furthermore, through their safer nature, longer shelf life, and reduced toxicity, caprylic/capric triglycerides are preferred in foods and beverages.
According to Data Bridge Market Research, Middle East and Africa Caprylic/Capric Triglycerides Market is expected to reach the value of USD 35,286.77 thousand by 2030, which was USD 22,819.20 thousand in 2022, registering a CAGR of 5.60% during the forecast period of 2023 to 2030
“Rising popularity of caprylic/capric triglycerides in the personal care and cosmetics industries surge market demand"
Through its advantageous qualities, including skin replenishment, moisturizing, emollient, antioxidant, and non-greasy feel, caprylic/capric triglyceride is becoming more and more popular in the personal care and cosmetics industries. Lipstick, foundation, eye makeup, face creams, perfumes, moisturizers, and sunscreen are just a few examples of personal care and cosmetic products that use it extensively. The market is likely to grow as a result of the increased use of caprylic/capric triglycerides in the personal care and cosmetics industries.
What restraints the growth of the Middle East and Africa caprylic/capric triglycerides market?
“Side effects associated with the usage of caprylic/capric triglycerides can impede the market growth”
While caprylic/capric triglycerides offer various benefits, such as moisturizing and emollient properties, they can also have side effects. These include gastric distress, nausea, skin irritation, rashes, and diarrhea, among others. The occurrence of these side effects, particularly in individuals with sensitive skin or underlying health conditions, hinders the market growth of caprylic/capric triglycerides. Manufacturers and users need to be aware of these potential side effects and take necessary precautions to ensure safe and appropriate usage of these ingredients.
Segmentation: Middle East and Africa Caprylic/Capric Triglycerides Market
The caprylic/capric triglycerides market is segmented on the basis of raw material, usage, application, form, source and end use industry.
- On the basis of raw material, the caprylic/capric triglycerides market is segmented into glycerol, caprylic (C:8) fatty acid, capric (C:10) fatty acid and others
- On the basis of usage, the caprylic/capric triglycerides market is segmented into emollient, dispersing agent, solvent, antioxidant, masking, skin conditioning, perfuming, and others
- On the basis of application, the caprylic/capric triglycerides market is segmented into skin care, hair care, makeup, fragrances, bath and body care, food and medicines
- On the basis of form, the caprylic/capric triglycerides market is segmented into liquid and semi-solid
- On the basis of source, the caprylic/capric triglycerides market is segmented into coconut oil, palm oil, and other sources
- On the basis of end use industry, the caprylic/capric triglycerides market is segmented into cosmetic and personal care industry, pharmaceutical industry, food and beverage industry, health, and wellness industry, and others.
Regional Insights: Saudi Arabia dominates the Middle East and Africa Caprylic/Capric Triglycerides Market
Saudi Arabia dominates the caprylic/capric triglycerides market because of the region's abundant supply of raw materials such as glycerol, caprylic acid and fatty acids. Other factors that will contribute to the market growth in this region include the high consumer adoption of anti-aging cosmetics products and a larger population.
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Recent Developments in the Middle East and Africa Caprylic/Capric Triglycerides Market
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The Prominent Key Players Operating in the Middle East and Africa Caprylic/Capric Triglycerides Market Include:
- 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)
- Wilmar International Ltd (Singapore)
- Procter & Gamble (U.S.)
- Pacific Oleochemicals Sdn Bhd (Malaysia)
- McKinley Resources Inc. (U.S.)
- Cremer Oleo GmbH & Co. KG (Germany)
- Merck KGaA (Germany)
- Vigon International, LLC. (U.S.)
- Spectrum Chemical (U.S.)
- Hydrite Chemical (U.S.)
- Forchem Oyj (Finland)
- Kraton Corporation (Japan)
Above are the key players covered in the report, to know about more and exhaustive list of Middle East and Africa caprylic/capric triglycerides market companies contact, https://www.databridgemarketresearch.com/contact
Research Methodology: Middle East and Africa Caprylic/Capric Triglycerides Market
Data collection and base year analysis are done using data collection modules with large sample sizes. The market data is analyzed and estimated using market statistical and coherent models. In addition, market share analysis and key trend analysis are the major success factors in the market report. The key research methodology used by dbmr research team is data triangulation which involves data mining, analysis of the impact of data variables on the market, and primary (industry expert) validation. Apart from this, data models include vendor positioning grid, market time line analysis, market overview and guide, company positioning grid, company market share analysis, standards of measurement, global vs regional and vendor share analysis. Please request analyst call in case of further inquiry.
