Caprylic/Capric Triglycerides Market - Forecast(2024 - 2030)

Report Code: CMR 29277 Report Format: PDF + Excel
Caprylic/Capric Triglycerides Market size is forecast to reach $859.50 million by 2025, after growing at a CAGR of 6.2% during 2020-2025. Caprylic/Capric Triglycerides also known as MCT Oil or Medium Chain Triglycerides is gaining widespread attention in beauty, cosmetics, and personal use industries due to its oxidative stability and smooth texture. Caprylic/Capric Triglycerides is produced by reacting coconut oil with glycerol through esterification. Caprylic/Capric Triglycerides is a clear, colorless and virtually odorless liquid that dispenses quickly at room temperature as compared to its raw material coconut oil which is solid at room temperature.

Report Coverage

The report: “Caprylic/Capric Triglycerides Market – Forecast (2020-2025)”, by IndustryARC, covers an in-depth analysis of the following segments of the Caprylic/Capric Triglycerides Market.

By Application: Personal Care, Food & Beverages, Pharmaceuticals, Industrial and Others
By Geography: North America, South America, Europe, APAC, and RoW

Key Takeaways
  • Asia-Pacific is expected to dominate the global market during the forecast period.
  • Caprylic/Capric Triglycerides is a preferred ingredient in food & beverages product due it is longer shelf-life, minimum toxicity, and as a safe ingredient. 
  • The growing demand for skin and personal care products is expected to surge the market growth. 

By Application - Segment Analysis

Personal care segment held a significant share in Caprylic/Capric Triglycerides Market in 2019 growing at a CAGR of 6% during the forecast period. Caprylic/Capric Triglycerides is a popular product used as emollient in the skin care, hair care, makeup, bath and body care and fragrances. Caprylic/Capric Triglycerides are commonly used in cosmetics as it absorbs rapidly into the skin and adds a smooth and dry oil feel to the skin. It is often used as an ingredient in lotion, cream, moisturizer, serum, cleanser & face wash and others. Caprylic/Capric Triglycerides developed around fifty years ago as an energy source for patients suffering from fat malabsorption syndrome which still finds applications in medical, nutritional products due to the purity and the unique attributes of caprylic/capric triglycerides.
Beauty products considered safe, trustworthy and comforting will see a sharp rise in demand in the aftermath of novel coronavirus, with few firms believing that color cosmetics could dip, while hygiene and skin care will drive forward. 

Geography- Segment Analysis

Asia Pacific dominated the Caprylic/Capric Triglycerides Market with a share of more than 40%, followed by North America and Europe.  Countries like India and China have shown significant growth in cosmetic consumption; India is the most growing cosmetic market in the world is likely to become next home of many international caprylic/capric triglycerides producers during the forecast period. Consumers all around the world are getting attracted towards caprylic/capric triglycerides because of its oxidizing effect, smooth texture and low cost which is driving the market. Perception towards cosmetics in the Middle East is changing, and with the rise of per capita income, people changed their lifestyle and getting attracted to fashion. Hence, Caprylic/Capric Triglycerides Market is expected to grow during the forecast period due to its versatile benefits.

Drivers – Caprylic/Capric Triglycerides Market

Increasing consumption in food & beverages, and personal care industry drives the caprylic/capric triglycerides market

Caprylic/capric triglyceride is an oily liquid, derived from coconut oil and glycerine. Caprylic works as an emollient, and helps skin to retain moisture by providing lightweight and non-greasy barrier of lubrication. Caprylic/capric triglyceride is used in cosmetics and other personal care products, such as eye makeup, moisturizers, face creams, sunscreens, perfumes lipstick, and foundations. It can also be used in perfumes, moisturizers and sunscreens. As it is found naturally in foods, it can also be made by industrial processes. Personal care, food & beverages, pharmaceutical, and industrial & others are the major applications of Caprylic/capric triglyceride.

Uses of caprylic acid are found commercially in perfumery& in manufacture of dyes. It is an antimicrobial pesticide that is used as a food sanitizer in food handling units like dairy equipment, food processing equipment, wineries, breweries and beverage processing units. The dietary uses of caprylic acid constitute as excess calorie burning & weight loss. Even athletes and sport persons consume triglycerides present in certain supplements to build endurance and stamina.

Challenges – Caprylic/Capric Triglycerides Market 

Health issues and availability of substitutes

Caprylic/Capric Triglycerides include potential gastric distress which can create troubles in the long term. Any product made with Caprylic/Capric Triglycerides should not be used by a person who has allergy from coconut oil as this oil also contain some of the features of coconut oil. MCT oil can also cause jitters in some people, which is a similar effect to consuming too much caffeine. However, factors such as availability of substitutes, high production cost, and costs involved in research and development activities may hamper the growth of the Caprylic/Capric Triglycerides Market.

Market Landscape

Technology launches, acquisitions and R&D activities are key strategies adopted by players in the Caprylic/Capric Triglycerides Market. In 2019, the market of Caprylic/Capric Triglycerides has been consolidated by the top five players accounting for xx% of the share. Major players in the Caprylic/Capric Triglycerides Market are Croda International plc, Oleon NV, Ecogreen Oleochemicals, Peter Cremer North America, IOI Oleo GmbH, KLK Oleo, Oxiteno, and BERG + SCHMIDT GmbH & CO., Emery Oleochemicals, and Sternchemie GmbH & Co KG among others.

Expansion
  • In January 2015, Oxiteno has expanded its Pasadena, Texas. The plant, with a capacity of 170 thousand tons/year is a part of company’s strategic plan for US$ 113 million investment in the country which announced in November 2015. The plant will help company to expand will expand its portfolio of surfactants and specialty chemicals, as well as its alkoxylation technologies.
1. Caprylic/capric Triglycerides Market - Overview
        1.1 Definitions and Scope
2. Caprylic/capric Triglycerides Market - Executive summary
        2.1 Market Revenue, Market Size and Key Trends by Company
        2.2 Key Trends by type of Application
        2.3 Key Trends segmented by Geography
3. Caprylic/capric Triglycerides Market
        3.1 Comparative analysis
            3.1.1 Product Benchmarking - Top 10 companies
            3.1.2 Top 5 Financials Analysis
            3.1.3 Market Value split by Top 10 companies
            3.1.4 Patent Analysis - Top 10 companies
            3.1.5 Pricing Analysis
4. Caprylic/capric Triglycerides Market - Startup companies Scenario Premium
        4.1 Top 10 startup company Analysis by
            4.1.1 Investment
            4.1.2 Revenue
            4.1.3 Market Shares
            4.1.4 Market Size and Application Analysis
            4.1.5 Venture Capital and Funding Scenario
5. Caprylic/capric Triglycerides Market - Industry Market Entry Scenario Premium
        5.1 Regulatory Framework Overview
        5.2 New Business and Ease of Doing business index
        5.3 Case studies of successful ventures
        5.4 Customer Analysis - Top 10 companies
6. Caprylic/capric Triglycerides Market Forces
        6.1 Drivers
        6.2 Constraints
        6.3 Challenges
        6.4 Porters five force model
            6.4.1 Bargaining power of suppliers
            6.4.2 Bargaining powers of customers
            6.4.3 Threat of new entrants
            6.4.4 Rivalry among existing players
            6.4.5 Threat of substitutes
7. Caprylic/capric Triglycerides Market -Strategic analysis
        7.1 Value chain analysis
        7.2 Opportunities analysis
        7.3 Product life cycle
        7.4 Suppliers and distributors Market Share
8. Caprylic/capric Triglycerides Market - By Product Type(Market Size -$Million / $Billion)
        8.1 Market Size and Market Share Analysis
        8.2 Application Revenue and Trend Research
        8.3 Product Segment Analysis
9. Caprylic/capric Triglycerides Market - By Type(Market Size -$Million / $Billion)
10. Caprylic/capric Triglycerides - By Application Type(Market Size -$Million / $Billion)
        10.1 Segment type Size and Market Share Analysis
        10.2 Application Revenue and Trends by type of Application
        10.3 Application Segment Analysis by Type
            10.3.1 Personal Care Application By Region
            10.3.2 Food & Beverages Application By Region
            10.3.3 Industrial & Other Application By Region
            10.3.4 Pharmaceuticals Application By Region
11. Caprylic/capric Triglycerides- By Geography (Market Size -$Million / $Billion)
        11.1 Caprylic/capric Triglycerides Market - North America Segment Research
        11.2 North America Market Research (Million / $Billion)
            11.2.1 Segment type Size and Market Size Analysis
            11.2.2 Revenue and Trends
            11.2.3 Application Revenue and Trends by type of Application
            11.2.4 Company Revenue and Product Analysis
            11.2.5 North America Product type and Application Market Size
                  11.2.5.1 U.S
                  11.2.5.2 Canada
                  11.2.5.3 Mexico
                  11.2.5.4 Rest of North America
        11.3 Caprylic/capric Triglycerides- South America Segment Research
        11.4 South America Market Research (Market Size -$Million / $Billion)
            11.4.1 Segment type Size and Market Size Analysis
            11.4.2 Revenue and Trends
            11.4.3 Application Revenue and Trends by type of Application
            11.4.4 Company Revenue and Product Analysis
            11.4.5 South America Product type and Application Market Size
                  11.4.5.1 Brazil
                  11.4.5.2 Venezuela
                  11.4.5.3 Argentina
                  11.4.5.4 Ecuador
                  11.4.5.5 Peru
                  11.4.5.6 Colombia
                  11.4.5.7 Costa Rica
                  11.4.5.8 Rest of South America
        11.5 Caprylic/capric Triglycerides- Europe Segment Research
        11.6 Europe Market Research (Market Size -$Million / $Billion)
            11.6.1 Segment type Size and Market Size Analysis
            11.6.2 Revenue and Trends
            11.6.3 Application Revenue and Trends by type of Application
            11.6.4 Company Revenue and Product Analysis
            11.6.5 Europe Segment Product type and Application Market Size
                  11.6.5.1 U.K
                  11.6.5.2 Germany
                  11.6.5.3 Italy
                  11.6.5.4 France
                  11.6.5.5 Netherlands
                  11.6.5.6 Belgium
                  11.6.5.7 Denmark
                  11.6.5.8 Spain
                  11.6.5.9 Rest of Europe
        11.7 Caprylic/capric Triglycerides - APAC Segment Research
        11.8 APAC Market Research (Market Size -$Million / $Billion)
            11.8.1 Segment type Size and Market Size Analysis
            11.8.2 Revenue and Trends
            11.8.3 Application Revenue and Trends by type of Application
            11.8.4 Company Revenue and Product Analysis
            11.8.5 APAC Segment - Product type and Application Market Size
                  11.8.5.1 China
                  11.8.5.2 Australia
                  11.8.5.3 Japan
                  11.8.5.4 South Korea
                  11.8.5.5 India
                  11.8.5.6 Taiwan
                  11.8.5.7 Malaysia
                  11.8.5.8 Hong kong
                  11.8.5.9 Rest of APAC
        11.9 Caprylic/capric Triglycerides - Middle East Segment and Africa Segment Research
        11.10 Middle East & Africa Market Research (Market Size -$Million / $Billion)
            11.10.1 Segment type Size and Market Size Analysis
            11.10.2 Revenue and Trend Analysis
            11.10.3 Application Revenue and Trends by type of Application
            11.10.4 Company Revenue and Product Analysis
            11.10.5 Middle East Segment Product type and Application Market Size
                  11.10.5.1 Israel
                  11.10.5.2 Saudi Arabia
                  11.10.5.3 UAE
            11.10.6 Africa Segment Analysis
                  11.10.6.1 South Africa
                  11.10.6.2 Rest of Middle East & Africa
12. Caprylic/capric Triglycerides Market - Entropy
        12.1 New product launches
        12.2 M&A s, collaborations, JVs and partnerships
13. Caprylic/capric Triglycerides Market - Industry / Segment Competition landscape Premium
        13.1 Market Share Analysis
            13.1.1 Market Share by Country- Top companies
            13.1.2 Market Share by Region- Top 10 companies
            13.1.3 Market Share by type of Application - Top 10 companies
            13.1.4 Market Share by type of Product / Product category- Top 10 companies
            13.1.5 Market Share at global level - Top 10 companies
            13.1.6 Best Practises for companies
14. Caprylic/capric Triglycerides Market - Key Company List by Country Premium
15. Caprylic/capric Triglycerides Market Company Analysis
        15.1 Market Share, Company Revenue, Products, M&A, Developments
        15.2 Berg + Schmidt GmbH & Co
        15.3 Croda International PLC
        15.4 Ecogreen International Group Ltd.
        15.5 IOI Oleo GmbH
        15.6 KLK Oleo
        15.7 OLEON NV
        15.8 Oxiteno
        15.9 Company 9
        15.10 Company 10
16. Caprylic/capric Triglycerides Market - Appendix
        16.1 Abbreviations
        16.2 Sources
17. Caprylic/capric Triglycerides Market - Methodology
        17.1 Research Methodology
            17.1.1 Company Expert Interviews
            17.1.2 Industry Databases
            17.1.3 Associations
            17.1.4 Company News
            17.1.5 Company Annual Reports
            17.1.6 Application Trends
            17.1.7 New Products and Product database
            17.1.8 Company Transcripts
            17.1.9 R&D Trends
            17.1.10 Key Opinion Leaders Interviews
            17.1.11 Supply and Demand Trends

LIST OF TABLES

LIST OF FIGURES

1.US Caprylic/capric Triglycerides Market Revenue, 2023-2030 ($M)
2.Canada Caprylic/capric Triglycerides Market Revenue, 2023-2030 ($M)
3.Mexico Caprylic/capric Triglycerides Market Revenue, 2023-2030 ($M)
4.Brazil Caprylic/capric Triglycerides Market Revenue, 2023-2030 ($M)
5.Argentina Caprylic/capric Triglycerides Market Revenue, 2023-2030 ($M)
6.Peru Caprylic/capric Triglycerides Market Revenue, 2023-2030 ($M)
7.Colombia Caprylic/capric Triglycerides Market Revenue, 2023-2030 ($M)
8.Chile Caprylic/capric Triglycerides Market Revenue, 2023-2030 ($M)
9.Rest of South America Caprylic/capric Triglycerides Market Revenue, 2023-2030 ($M)
10.UK Caprylic/capric Triglycerides Market Revenue, 2023-2030 ($M)
11.Germany Caprylic/capric Triglycerides Market Revenue, 2023-2030 ($M)
12.France Caprylic/capric Triglycerides Market Revenue, 2023-2030 ($M)
13.Italy Caprylic/capric Triglycerides Market Revenue, 2023-2030 ($M)
14.Spain Caprylic/capric Triglycerides Market Revenue, 2023-2030 ($M)
15.Rest of Europe Caprylic/capric Triglycerides Market Revenue, 2023-2030 ($M)
16.China Caprylic/capric Triglycerides Market Revenue, 2023-2030 ($M)
17.India Caprylic/capric Triglycerides Market Revenue, 2023-2030 ($M)
18.Japan Caprylic/capric Triglycerides Market Revenue, 2023-2030 ($M)
19.South Korea Caprylic/capric Triglycerides Market Revenue, 2023-2030 ($M)
20.South Africa Caprylic/capric Triglycerides Market Revenue, 2023-2030 ($M)
21.North America Caprylic/capric Triglycerides By Application
22.South America Caprylic/capric Triglycerides By Application
23.Europe Caprylic/capric Triglycerides By Application
24.APAC Caprylic/capric Triglycerides By Application
25.MENA Caprylic/capric Triglycerides By Application
26.Croda International PLC, Sales /Revenue, 2015-2018 ($Mn/$Bn)
27.OLEON NV, Sales /Revenue, 2015-2018 ($Mn/$Bn)
28.Ecogreen International Group Ltd., Sales /Revenue, 2015-2018 ($Mn/$Bn)
29.IOI Oleo GmbH, Sales /Revenue, 2015-2018 ($Mn/$Bn)
30.KLK Oleo, Sales /Revenue, 2015-2018 ($Mn/$Bn)
31.Oxiteno, Sales /Revenue, 2015-2018 ($Mn/$Bn)
32.Berg + Schmidt GmbH & Co, Sales /Revenue, 2015-2018 ($Mn/$Bn)