Europe Capric/Caprylic Triglycerides Market – Industry Trends and Forecast to 2030

Europe Capric/Caprylic Triglycerides Market, By 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), Country (Germany, France, U.K., Italy, Belgium, Netherlands, Spain, Russia, Turkey, Switzerland, Rest of Europe) - Industry Trends and Forecast to 2023 to 2030.

Europe Capric/Caprylic Triglycerides Market Analysis and Size

The essential factors contributing to the growth of the capric/Caprylic Triglycerides market in the forecast period of 2023 to 2020 include increasing demand in the personal care industry and rising demand from the pharmaceutical industry. Moreover, the growing preference for natural and sustainable ingredients is significantly contributing to the market's growth.

Data Bridge Market Research analyses that the capric/Caprylic Triglycerides market, which was USD 102,663.10 thousand in 2022, is expected to reach USD 147,561.61 thousand by 2030, growing at a CAGR of 4.7% during the forecast period of 2023 to 2030. 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.

Europe Capric/Caprylic Triglycerides Market Scope and Segmentation

Market Definition

Caprylic triglyceride is an ingredient that is widely used in soaps and cosmetics It is usually made from combining coconut oil with glycerine. This ingredient is sometimes referred to as capric triglyceride or sometimes erroneously referred to as fractionated coconut oil.

Europe Capric/Caprylic Triglycerides Market Dynamics

Drivers

• Increasing demand in the personal care industry

Capric/Caprylic Triglycerides are widely used in the personal care industry for their emollient, moisturizing, and conditioning properties. They are commonly found in skincare products, hair care products, cosmetics, and other personal care formulations. As the demand for natural and effective ingredients in personal care products rises, the Capric/Caprylic Triglycerides market experiences growth.

• Growing preference for natural and sustainable ingredients

The mining and construction sectors heavily rely on capric/Caprylic Triglycerides for drilling tools, excavation equipment, and wear-resistant parts. With ongoing infrastructure development projects and mining operations across the globe, the demand for capric/Caprylic Triglycerides in these industries remains robust.

• Rising demand from the pharmaceutical industry

Capric/Caprylic Triglycerides find applications in the pharmaceutical industry as excipients in drug formulations. They serve as solvents, carriers, and emulsifiers, helping to enhance the bioavailability and stability of active pharmaceutical ingredients. The growing pharmaceutical industry and the need for effective drug delivery systems contribute to the demand for Capric/Caprylic Triglycerides.

Opportunities

• Market expansion in emerging economies

As emerging economies experience economic growth, urbanization, and an expanding middle class, the demand for personal care products increases. This drives the growth of the Capric/Caprylic Triglycerides market, as these ingredients are extensively used in various personal care products.

• Expansion of the skincare industry

Skincare has become a significant segment within the beauty and personal care industry. Consumers are increasingly prioritizing skincare routines and investing in products that promote skin health and address specific concerns. Capric/Caprylic Triglycerides are utilized in skincare formulations for their moisturizing, soothing, and skin-conditioning properties, driving their demand.

Restraints/Challenges

• Availability and price volatility of raw materials

Capric/Caprylic Triglycerides are derived from natural sources such as coconut oil. The availability and price volatility of raw materials can impact the cost and supply of Capric/Caprylic Triglycerides. Fluctuations in raw material prices can affect the profitability of manufacturers and limit market growth.

• Competition from alternative ingredients

While Capric/Caprylic Triglycerides offer desirable properties and functionality, they face competition from alternative ingredients that provide similar benefits. Manufacturers and formulators have a range of options when selecting emollients, moisturizers, and conditioners for personal care products. Competition from alternative ingredients can limit the market growth for Capric/Caprylic Triglycerides.

This capric/Caprylic Triglycerides market report provides details of new recent developments, trade regulations, import-export analysis, production analysis, value chain optimization, market share, the impact of domestic and localized market players, analyses opportunities in terms of emerging revenue pockets, changes in market regulations, strategic market growth analysis, market size, category market growths, application niches and dominance, product approvals, product launches, geographic expansions, technological innovations in the market. To gain more info on the capric/Caprylic Triglycerides market, contact Data Bridge Market Research for an Analyst Brief. Our team will help you make an informed market decision to achieve market growth.

Impact and Current Market Scenario of Raw Material Shortage and Shipping Delays

Data Bridge Market Research offers a high-level analysis of the market and delivers information by keeping in account the impact and current market environment of raw material shortage and shipping delays. This translates into assessing strategic possibilities, creating effective action plans, and assisting businesses in making important decisions. Apart from the standard report, we also offer in-depth analysis of the procurement level from forecasted shipping delays, distributor mapping by region, commodity analysis, production analysis, price mapping trends, sourcing, category performance analysis, supply chain risk management solutions, advanced benchmarking, and other services for procurement and strategic support.

Expected Impact of Economic Slowdown on the Pricing and Availability of Products

When economic activity slows, industries begin to suffer. The forecasted effects of the economic downturn on the pricing and accessibility of the products are taken into account in the market insight reports and intelligence services provided by DBMR. With this, our clients can typically keep one step ahead of their competitors, project their sales and revenue, and estimate their profit and loss expenditures.

Recent Developments

• In February 2023, Croda International Plc announced that it has agreed to acquire Solus Biotech, which is a global leader in premium, biotechnology-derived beauty actives, from Solus Advanced Materials. This acquisition provides access to Solus' existing biotech-derived ceramide and phospholipid technologies and its emerging capabilities in natural retinol. This acquisition will significantly strengthen Croda's Beauty Actives portfolio and increases its exposure to targeted prestige segments.

• In February 2018, reacting to increased demand for non-palm-based raw materials, IOI Oleo GmbH introduced the following coconut-based grades within its Witarix MCT range: Witarix MCT, Witarix MCT Organic (82.3% certified organic) and Witarix MCT Pure Organic (100% certified organic). This has enhanced Company's product portfolio.

Europe Capric/Caprylic Triglycerides Market Scope

The capric/Caprylic Triglycerides market is segmented on the basis of raw material, usage, and application. The growth amongst these segments will help you analyze meager growth segments in the industries and provide the users with a valuable market overview and market insights to help them make strategic decisions for identifying core market applications.

Raw Material

• Glycerol
• Caprylic (C:8) Fatty Acid
• Capric (C:10) Fatty Acid
• Other

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

Europe Capric/Caprylic Triglycerides Market Regional Analysis/Insights

The capric/caprylic triglycerides market is analyzed, and market size insights and trends are provided by raw material, usage, and application, as referenced above.

The countries covered in the Europe capric/caprylic triglycerides market report are Germany, France, the U.K., Italy, Belgium, Netherlands, Spain, Russia, Turkey, Switzerland, and Rest of Europe.

Germany is expected to dominate the Europe capric/caprylic triglycerides market owing to growing awareness regarding skin care and personal hygiene among consumers is significantly contributing to the market's growth.

The country section of the report also provides individual market impacting factors and changes in regulation in the market domestically that impact the current and future trends of the market. Data points like downstream and upstream value chain analysis, technical trends, and Porter's five forces analysis, case studies are some of the pointers used to forecast the market scenario for individual countries. Also, the presence and availability of global brands and their challenges faced due to large or scarce competition from local and domestic brands, the impact of domestic tariffs, and trade routes are considered while providing forecast analysis of the country data.   

Competitive Landscape and Europe Capric/Caprylic Triglycerides Market Share Analysis

The capric/caprylic triglycerides market competitive landscape provides details of competitors. Details included are company overview, company financials, revenue generated, market potential, investment in research and development, new market initiatives, global presence, production sites and facilities, production capacities, company strengths and weaknesses, product launch, product width and breadth, and application dominance. The above data points provided are only related to the companies' focus related to the capric/caprylic triglycerides market.

Some of the major players operating in the capric/caprylic triglycerides market are:

• 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