Caprylic Acid Market Forecast to 2029: Key Players, Size, Share, Growth, Trends and Opportunities
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Data Bridge Market Research analyses that the caprylic acid market was valued at USD 4.60 million in 2021 and is expected to reach USD 9.65 million by 2029, registering a CAGR of 9.70% during the forecast period of 2022 to 2029.
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Market Overview:
Caprylic acid is also known as octanoic acid. This is a medium-chain fatty acid naturally found in coconut oil, palm oil, and the milk of humans and some animals. Caprylic acid is a component of medium-chain triglyceride (MCT) products. People mainly use caprylic acid for epilepsy which is a nerve disorder that causes digestive disorders, uncontrollable shaking (essential tremor), kidney failure and many other conditions, but there is no good scientific evidence to support these uses.
The caprylic acids market is expected to witness positive growth during forecast period. Growing health consciousness among people related with increased nutrition and dietary supplements, increasing federal regulations, and rising environmental concerns regarding the non-renewable resources and deficiency of natural have triggered the demand of caprylic acid, especially in developing economies which will boost the growth rate of the market during the forecast period of 2022-2029.
Some of the major players operating in the caprylic acid market are:
- Wilmar International Ltd (Singapore)
- KLK OLEO. (Malaysia)
- Ecogreen Oleochemicals (Singapore)
- Procter & Gamble (U.S.)
- IOI Corporation Berhad (Malaysia)
- 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)
Global Caprylic Acid Market Scope:
Global caprylic acid market is segmented on the basis of raw material and application. 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
- Coconut Oil
- Palm Oil
- Mammal Milk
- Others
Application
- Personal care
- Cosmetics
- Pharmaceutical
- Food & Beverage
- Fertilizer
- Chemicals
- Others
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Table of Content:
Part 01: Executive Summary
Part 02: Scope of the Report
Part 03: Research Methodology
Part 04: Market Landscape
Part 05: Pipeline Analysis
Part 06: Market Sizing
Part 07: Five Forces Analysis
Part 08: Market Segmentation
Part 09: Customer Landscape
Part 10: Regional Landscape
Part 11: Decision Framework
Part 12: Drivers and Challenges
Part 13: Market Trends
Part 14: Vendor Landscape
Part 15: Vendor Analysis
Part 16: Appendix
Get the Full Table of Contents @ https://www.databridgemarketresearch.com/toc/?dbmr=global-caprylic-acid-market
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