Capric Acid Market - Opportunities, Size & Growth Projections
The global capric acid market is projected to reach $ 2 billion by 2027. Capric acid also known as C10 fatty acid or decanoic acid, is a saturated acid naturally found in palm and coconut oils, as well as certain types of milk such as cow’s or goat’s milk. Capric acid is used extensively in consumer products owing to its various health benefits. For instance, it helps in increasing good cholesterol in the body when consumed in combination with other medium-chain fatty acids such as caprylic acid and lauric acid.
Growing demand from food & beverage industry is one of the key factors expected to propel the growth of the global capric acid market through 2027. On account of increasing demand from growing economies like APAC and Africa, the food production industry has been growing significantly. This robust growth is anticipated to drive the growth of the capric acid market across the globe since capric acid is widely used by various food items, breweries, wineries, and meat processing industries. Additionally, capric acid is classified as an emulsifier as well as an emollient. Therefore, it finds its application in the personal care industry for formulating lotions and creams, which is anticipated to give a boost to the capric acid market across the globe over the coming years.
The global capric acid market is segmented based on source, application, region, and company. Based on application, the market can be segmented into cosmetics and personal care, food and beverage, pharmaceutical, industrial chemicals, and others. Among them, the food and beverage sector dominated the market until 2021 and is projected to maintain its lead over the forecast period as well. This growth is attributable to the rising consumption of packaged and processed food which in turn increases the demand for new and differentiated textures, aromas, colors, and flavors. Capric acid is a key ingredient used in the manufacture of esters. These esters are used in making artificial food coloring, flavors, and aromas.
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TechSci Research performed both primary and exhaustive secondary research for this study. Initially, TechSci Research sourced a list of manufacturers across the globe. Subsequently, TechSci Research conducted primary research surveys with the identified companies. While interviewing, the respondents also enquired about their competitors. Through this technique, TechSci Research could include the manufacturers which could not be identified due to the limitations of secondary research. TechSci Research analyzed the new products, distribution channels, and presence of all major players across the globe.
TechSci Research calculated the market size of the global capric acid market using a bottom-up approach, wherein data for various end-user segments was recorded and forecasted for the future years. TechSci Research sourced these values from industry experts and company representatives. It is externally validated by analyzing historical data of these product types and applications for getting an appropriate, overall market size. Various secondary sources such as company websites, news articles, press releases, company annual reports, investor presentations, and financial reports were also studied by TechSci Research.
The study is useful in providing answers to several critical questions that are important for the industry stakeholders such as manufacturers and partners, end users, etc., besides allowing them in strategizing investments and capitalizing on market opportunities.
| Attribute | Details | |
| Base Year | 2021 | |
| Historical Data | 2017 – 2020 | |
| Estimated Year | 2022 | |
| Forecast Period | 2023 – 2027 | |
| Quantitative Units | Revenue in USD Million and CAGR for 2017-2021 and 2022E-2027F | |
| Report coverage | Revenue forecast, company share, competitive landscape, growth factors, and trends | |
| Segments covered | · Source · Application | |
| Regional scope | North America; Europe; Asia Pacific; South America; Middle East & Africa | |
| Country scope | United States, Mexico, Canada, China, India, Japan, South Korea, Australia; Germany, France, United Kingdom, Spain, Italy, South Africa, UAE, Saudi Arabia, Brazil, Argentina, Colombia | |
| Key companies profiled | Acme-Hardesty, Ecogreen Oleochemicals, Henan Eastar Chemicals, Hangzhou Oleochemicals, IOI Oleochemicals, KLK OLEO, Majorhub Oleochemicals, P&G, Temix Oleo, Univar. | |
| Customization scope | 10% free report customization with purchase. Addition or alteration to country, regional & segment scope. | |
| Pricing and purchase options | Avail customized purchase options to meet your exact research needs. Explore purchase options | |
| Delivery Format | PDF and Excel through Email (We can also provide the editable version of the report in PPT/Word format on special request) | |
In this report, the global capric acid market has been segmented into the following categories, in addition to the industry trends which have also been detailed below:
Competitive Landscape
Company Profiles: Detailed analysis of the major companies present in the global capric acid market.
Available Customizations:
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Product Overview
5.1. Market Size & Forecast
5.1.1. By Value
5.2. Market Share & Forecast
5.2.1. By Source (Animal and Plant)
5.2.2. By Application (Cosmetics and Personal Care, Food and Beverage, Pharmaceutical, Industrial Chemicals and Others)
5.2.3. By Region
5.2.4. By Company (2021)
6.1. Market Size & Forecast
6.1.1. By Value
6.2. Market Share & Forecast
6.2.1. By Source
6.2.2. By Application
6.2.3. By Country (United States; Canada; Mexico and Rest of North America)
6.3. North America: Country Analysis
6.3.1. United States Capric Acid Market Outlook
6.3.1.1. Market Size & Forecast
6.3.1.1.1. By Value
6.3.1.2. Market Share & Forecast
6.3.1.2.1. By Source
6.3.1.2.2. By Application
6.3.2. Canada Capric Acid Market Outlook
6.3.2.1. Market Size & Forecast
6.3.2.1.1. By Value
6.3.2.2. Market Share & Forecast
6.3.2.2.1. By Source
6.3.2.2.2. By Application
6.3.3. Mexico Capric Acid Market Outlook
6.3.3.1. Market Size & Forecast
6.3.3.1.1. By Value
6.3.3.2. Market Share & Forecast
6.3.3.2.1. By Source
6.3.3.2.2. By Application
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