Middle East and Africa Caprylic/Capric Triglycerides Market, By Raw Material (Glycerol, Caprylic (C:8) Fatty Acid, Capric (C:10) Fatty Acid, and Others), Usage (Emollient, Dispersing Agent, Solvent, Antioxidant, Masking, Skin Conditioning, Perfuming, and Others), Application (Skin Care, Hair Care, Makeup, Fragrances, Bath and Body Care, Food and Medicines), Form (Liquid and Semi-solid), Source (Coconut oil, Palm oil, and Other sources), End Use Industry (Cosmetic and Personal Care Industry, Pharmaceutical Industry, Food and Beverage Industry, Health, and Wellness Industry, and Others) – Industry Trends and Forecast to 2030.
Middle East and Africa Caprylic/Capric Triglycerides Market Analysis and Size
During the forecast period, caprylic/capric triglycerides are gaining widespread attention in cosmetics, beauty, and personal use industries because of their smooth texture and oxidative stability. Cosmetics and personal care products are likely to dominate the market because of their extensive usage as an emollient in personal care products for skin softening. Furthermore, caprylic/capric triglycerides are preferred in food and beverages because they have a longer shelf-life, less toxicity, and are safe.
Data Bridge Market Research analyses that the caprylic/capric triglycerides market is expected to reach 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. 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..
Middle East and Africa Caprylic/Capric Triglycerides Market Scope and 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, and Others), Usage (Emollient, Dispersing Agent, Solvent, Antioxidant, Masking, Skin Conditioning, Perfuming, and Others), Application (Skin Care, Hair Care, Makeup, Fragrances, Bath and Body Care, Food and Medicines), Form (Liquid and Semi-solid), Source (Coconut oil, Palm oil and Other sources), End Use Industry (Cosmetic and Personal Care Industry, Pharmaceutical Industry, Food and Beverage Industry, Health and Wellness Industry and Others)
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Countries Covered
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Saudi Arabia, U.A.E, South Africa, Egypt, Israel, Rest of Middle East and Africa (MEA) as a part of Middle East and Africa (MEA).
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Market Players Covered
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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)
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Market Opportunities
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Market Definition
Caprylic/capric triglycerides, also known as medium chain triglycerides. Caprylic/capric triglycerides are produced by reacting glycerol with coconut oil through esterification. It is a colorless, clear, and virtually odorless liquid that easily dispenses at room temperature compared to its raw material, such as coconut oil which is mainly solid at room temperature. Caprylic triglyceride is a normally used ingredient in cosmetics and soap.
Caprylic/Capric Triglycerides Market Dynamics
Drivers
- The rising popularity of caprylic/capric triglycerides in the personal care and cosmetics industries
Caprylic/capric triglyceride is gaining popularity in the personal care and cosmetics industries because of its beneficial properties such as skin replenishment, moisturizing, emollient, antioxidant, and non-greasy feel. It is extensively used in personal care and cosmetics products such as lipstick, foundations, eye makeup, face creams, perfumes, moisturizers, and sunscreens. As a result of increasing usage of caprylic/capric triglycerides in the personal care and cosmetics industries is likely to propel the market growth.
- Increasing usage of caprylic/capric triglycerides as an antimicrobial pesticide
Growing usage of caprylic/capric triglycerides as antimicrobial pesticides, mainly in food sanitizers is expected to propel the market's growth during the forecast period. Caprylic/capric triglycerides are antimicrobial pesticides used as food sanitizers in food handling units such as wineries, dairy equipment, food processing equipment, breweries, and beverage processing units. Therefore, increasing the usage of caprylic/capric triglycerides as antimicrobial pesticides boosts market growth.
Opportunities
- Rising demand of caprylic/capric triglycerides from emerging economies
The increasing demand for the products, such as creams and moisturizers, from emerging economies, is likely to create ample opportunities for market growth. The smooth texture and oxidizing effect of caprylic/capric triglycerides make it extremely popular. Due to changing attitudes toward fashion and cosmetics, the market is expected to expand further in emerging economies of the Middle East and Africa, such as Saudi Arabia. Furthermore, due to its versatile benefits, the caprylic/capric triglycerides industry is expected to grow in the Middle East and Africa region during the forecast period.
- Growing demand for caprylic/capric triglycerides in the pharmaceutical sector
Caprylic acid or caprylic/capric triglyceride is also used in numerous medical applications, such as treating children with Crohn's and epilepsy, which is likely to boost the demand for caprylic/capric triglyceride in upcoming years. Moreover, according to a recent study, it has been witnessed that caprylic/capric triglycerides are used in weight management by burning extra calories in the body. Therefore, the rising demand for caprylic acid or caprylic/capric triglyceride in the pharmaceuticals industries will further create immense opportunities that will lead to market growth in the abovementioned forecast.
Restraints/ Challenges
- Side effects associated with the usage of caprylic/capric triglycerides
Some major side effects are associated with consuming and using caprylic/capric triglycerides, such as gastric distress, nausea, skin irritation, rashes, and diarrhea, among others. Therefore, the growing prevalence of such ailments is hampering the caprylic/capric triglycerides market growth.
- Availability of alternatives
The presence of alternative options of caprylic/capric triglycerides, such as palm oil, is another major factor likely to hamper the market growth during the forecast period. Palm oil is a common alternative to caprylic/capric triglycerides because it is an endangered resource.
This caprylic/capric triglycerides market report provides details of new recent developments, trade regulations, import-export analysis, production analysis, value chain optimization, market share, 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 caprylic/capric triglycerides market contact Data Bridge Market Research for an Analyst Brief, our team will help you take 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 Development
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Middle East and Africa Caprylic/Capric Triglycerides Market Scope
The caprylic/capric triglycerides market is segmented on the basis of raw material, usage, application, form, source and end use industry. The growth amongst these segments will help you analyze meagre 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
- Others
Usage
- Emollient
- Dispersing Agent
- Solvent
- Antioxidant
- Masking
- Skin Conditioning
- Perfuming
- Others
Application
- Skin Care
- Hair Care
- Makeup
- Fragrances
- Bath and Body Care
- Food and Medicines
Form
- Liquid
- Semi-solid
Source
- Coconut oil
- Palm oil
- Other sources
End Use Industry
- Cosmetic and Personal Care Industry
- Pharmaceutical Industry
- Food and Beverage Industry
- Health and Wellness Industry
- Others
Caprylic/Capric Triglycerides Market Regional Analysis/Insights
The caprylic/capric triglycerides market is analysed and market size insights and trends are provided by country, raw material, usage, application, form, source and end use industry as referenced above.
The countries covered in the caprylic/capric triglycerides market report are Saudi Arabia, U.A.E, South Africa, Egypt, Israel, Rest of Middle East and Africa (MEA) as a part of Middle East and Africa (MEA).
Saudi Arabia dominates the caprylic/capric triglycerides market because of the strong presence of raw materials such as glycerol, caprylic, and fatty acid in this region. Furthermore, the high adoption of anti-aging cosmetics products among consumers and a higher population are other factors that will further increase the market growth in this region.
The country section of the report also provides individual market impacting factors and changes in market regulation that impact the current and future trends of the market. Data points like down-stream 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, impact of domestic tariffs and trade routes are considered while providing forecast analysis of the country data.
Competitive Landscape and Caprylic/Capric Triglycerides Market Share Analysis
The caprylic/capric triglycerides market competitive landscape provides details by competitor. 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, application dominance. The above data points provided are only related to the companies' focus related to caprylic/capric triglycerides market.
Some of the major players operating in the caprylic/capric triglycerides market are:
- 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)
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