Global Caprylic/Capric Triglycerides Market by Application (Personal Care, Food & Beverages, Industrial, Pharmaceuticals); Geography (North America, Europe, Asia-Pacific, Europe, South America, Middle East and Africa) – Industry Trends and Forecast to 2024The Global Caprylic/Capric Triglycerides Market accounted for USD 554.7 million in 2016 and projected to grow at a CAGR of 6.3% during the forecast period of 2017 to 2024. The upcoming market report contains data for historic years 2014, 2015, the base year of calculation is 2016 and the forecast period is 2017 to 2024.
Market Definition: Global Caprylic/Capric Triglycerides Market
Caprylic/Capric triglycerides are derived from coconut oil and glycerin, it is considered as an excellent emollient and skin-replenishing ingredient. It is included in cosmetics as it is a mixture of fatty acids that skin can use to replenish its surface and resist moisture loss. It has its wide application in personal care, food & beverages, industrial, pharmaceuticals, and others. Rising demand for personal care, food & beverages, pharmaceutical, and other sectors may act as the major driver in the growth of caprylic/capric triglycerides market. On the other side, releasing gastric distress can create troubles in the long term may hamper the market.
Major Market Drivers: Global Caprylic/Capric Triglycerides Market
- Rising demand for personal care, food & beverages, pharmaceutical, and other sectors
- Strong demand and growing use of caprylic/capric triglycerides, especially in food & beverages products
- Releasing Gastric distress can create troubles in the long term
- Person allergic to coconut oil cannot use it
Market Segmentation: Global Caprylic/Capric Triglycerides Market
The global caprylic/capric triglycerides market is segmented on the basis of application into Personal Care, Food & Beverages, Industrial, Pharmaceuticals, and others.
On the basis of geography, the global caprylic/capric triglycerides market report covers data points for 28 countries across multiple geographies such as North America, South America, Europe, Asia-Pacific and Middle East & Africa. Some of the major countries covered in this report are U.S., Canada, Germany, France, U.K., Netherlands, Switzerland, Turkey, Russia, China, India, South Korea, Japan, Australia, Singapore, Saudi Arabia, South Africa, and Brazil among others.
Competitive Landscape: Global Caprylic/Capric Triglycerides Market
The global Caprylic/capric triglycerides market is consolidated due to the presence of limited number of players concentrated in few countries. These major players have adopted various organic as well as inorganic growth strategies such as mergers & acquisitions, new product launches, expansions, agreements, joint ventures, partnerships, and others to strengthen their position in this market.
Major Market Competitors: Global Caprylic/Capric Triglycerides Market
Some of the major players in global caprylic/capric triglycerides market include Croda International Plc, Ecogreen Oleochemicals, Peter Cremer North America, LP, Parallels, IOI Oleo GmbH, Berg + Schmidt, Oleon group, Univar Inc., Oxiteno, and others.
Research Methodology: Global Caprylic/Capric Triglycerides Market
Data collection and base year analysis is done using data collection modules with large sample sizes. The market data is analyzed and forecasted using market statistical and coherent models. Also market share analysis and key trend analysis are the major success factors in the market report. To know more please Request an Analyst Call or can drop down your inquiry.
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, other data models include Vendor Positioning Grid, Market Time Line Analysis, Market Overview and Guide, Company Positioning Grid, Company Market Share Analysis, Standards of Measurement, Top to Bottom Analysis and Vendor Share Analysis. To know more about the research methodology, drop in an inquiry to speak to our industry experts.