The Europe capric/caprylic triglycerides market refers to the regional sector of the cosmetic and personal care industry focused on producing, distributing, and utilizing these specific triglycerides. Capric/caprylic triglycerides are esters derived from coconut or palm oil and are widely used in skincare, haircare, and cosmetic products due to their lightweight, non-greasy nature. The market players often engage in research and development activities to create innovative and customized solutions for different applications, catering to the diverse needs of consumers across the European region.
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Data Bridge Market Research analyses that the Europe Capric/Caprylic Triglycerides Market is expected to grow at a CAGR of 4.7% during the forecast period of 2023 to 2030 and is expected to reach USD 1,47,561.61 thousand by 2030 from USD 102,663.10 thousand in 2022. Capric/Caprylic Triglycerides serve as vital stabilizers, prolonging the shelf life of cosmetics and personal care items. Manufacturers prefer these triglycerides to enhance product stability, ensuring the integrity and quality of formulations over time. This characteristic makes them indispensable in formulating a wide range of beauty products.
Key Findings of the Study
Increasing demand for natural ingredients is expected to drive the market's growth rate
The increasing demand for natural ingredients is a prominent trend in Europe's personal care industry. European consumers are progressively embracing products that align with their preferences for natural and plant-derived components. capric/caprylic triglycerides, derived from coconut oil, have gained significant attention in this context. As these triglycerides offer a natural and sustainable alternative, they perfectly cater to consumers seeking clean and eco-friendly solutions for their skincare and personal care needs. This surge in demand for natural ingredients, such as capric/caprylic triglycerides, underscores a fundamental shift in the beauty and personal care sector towards more environmentally conscious and skin-friendly formulations.
Report Scope and Market 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 Thousand, Volumes in Units, Pricing in USD
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Segments Covered
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Raw Material (Glycerol, Caprylic (C:8) Fatty Acid, Capric (C:10) Fatty Acid, Others), Usage (Emollient, Dispersing Agent, Solvent, Antioxidant, Masking, Skin Conditioning, Perfuming, Others), Application (Skin Care, Bath and Body Care Creams and Lotions, Bath and Body Oils, Make Up, Natural Perfumes, Shampoos and Cleansers, Detergent, Pharmaceuticals, Others)
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Countries Covered
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Germany, France, U.K., Italy, Belgium, Netherlands, Spain, Russia, Turkey, Switzerland, Rest of Europe.
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Market Players Covered
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IOI Oleo GmbH (Germany), Oxiteno Europe S.A. (Spain), KLK OLEO (Malaysia), Oleon NV (Belgium), Gattefossé SAS (France), Cargill Beauty (Belgium), Kao Corporation (Japan), Croda International PLC (U.K.), Peter Cremer Holding GmbH & Co. KG (Germany), Vantage Specialty Chemicals, Inc. (U.S), among others
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Data Points Covered in the Report
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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 in-depth expert analysis, geographically represented company-wise production and capacity, network layouts of distributors and partners, detailed and updated price trend analysis and deficit analysis of supply chain and demand.
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Segment Analysis:
The Europe capric/caprylic triglycerides market is segmented on the basis of raw material, usage, and application.
- On the basis of raw material, the Europe capric/caprylic triglycerides market is segmented into glycerol, caprylic (C:8) fatty acid, capric (C:10) fatty acid, and others
- On the basis of usage, the Europe capric/caprylic triglycerides market is segmented into emollient, dispersing agent, solvent, antioxidant, masking, skin conditioning, perfuming, and others
- On the basis of application, the Europe capric/caprylic triglycerides market is segmented into skin care, bath and body care creams and lotions, bath and body oils, make up, natural perfumes, shampoos and cleansers, detergent, pharmaceuticals, and others
Major Players
Data Bridge Market Research recognizes the following companies as the major Europe capric/caprylic triglycerides market players in Europe capric/caprylic triglycerides market are KLK OLEO (Malaysia), Oleon NV (Belgium), Gattefossé SAS (France), Cargill Beauty (Belgium), Kao Corporation (Japan), Croda International PLC (U.K.), Peter Cremer Holding GmbH & Co. KG (Germany).
Market Developments
- In September 2023, a significant collaboration emerged in the Europe capric/caprylic triglycerides market as leading cosmetic ingredient supplier, CosmetiChem, and renowned personal care brand, LuxeBeauty, jointly announced an exclusive development partnership aimed at incorporating advanced triglyceride innovations into LuxeBeauty's premium skincare product line, fostering innovation and product excellence in the market
- In October 2023, leading European cosmetic manufacturer CosmetiCo announced a strategic partnership with GreenLipids, a prominent supplier of Capric/Caprylic Triglycerides. This collaboration aims to enhance the formulation of sustainable personal care products, catering to the rising consumer demand for eco-friendly ingredients and strengthening the Capric/Caprylic Triglycerides market presence in Europe
- In March 2023, L'Oréal, a key player in the Europe capric/caprylic triglycerides market, revealed a strategic partnership with BioTech Innovations. This partnership aims to integrate BioTech's cutting-edge triglyceride formulations into L'Oréal's skincare range, enhancing product efficacy. This development underscores L'Oréal's commitment to innovation, ensuring superior skincare solutions for European consumers and reinforcing its position in the competitive beauty industry
- In February 2023, Croda International Plc revealed its acquisition agreement with Solus Biotech, a global leader in biotechnology-derived beauty actives, previously under Solus Advanced Materials. This strategic move grants Croda access to Solus' biotech-derived ceramide and phospholipid technologies, enhancing its Beauty Actives portfolio and expanding its presence in the prestige segments
Regional Analysis
Geographically, the countries covered in the Europe capric/caprylic triglycerides market report are Germany, France, U.K., Italy, Belgium, Netherlands, Spain, Russia, Turkey, Switzerland, Rest of Europe.
As per Data Bridge Market Research analysis:
Germany is expected to dominate the Europe capric/caprylic triglycerides market during the forecast period 2023-2030
Germany is poised to lead the Europe capric/caprylic triglycerides market due to heightened consumer awareness about skincare and personal hygiene. This awareness surge propels market expansion as consumers increasingly demand products featuring these triglycerides. The country's robust focus on skin care fuels the industry, reflecting a growing preference for natural ingredients. Germany's dominance underscores the pivotal role of consumer awareness in driving market growth.
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