Caprylic Acid Market Forecast to 2022 – Expected to Reach USD 4.4 Million – Widespread Use in Personal Care – Research and Markets
June 3, 2016 | By Business Wire News
DUBLIN
Research and Markets has announced the addition of the “Caprylic Acid Market Analysis By Application (Personal Care, Pharmaceutical, Food & Beverages,) And Segment – Forecasts To 2022” report to their offering.
The global caprylic acid market is expected to reach USD 4.4 million by 2022. Widespread use of caprylic acid in personal care, and pharmaceutical industry coupled with the growth of these end-use industries is expected to drive growth. Furthermore, growing demand for the acid in manufacturing pesticides and surfactants is expected to propel market growth over the projected period.
Pharmaceutical accounted for 17.9% of the overall volume share in 2014. Growing use of caprylic acid in the treatment of yeast infections on account of its anti-microbial and anti-fungal properties is expected to propel demand over the forecast period. Furthermore, rising use of the product for treatment of Crohn’s disease, bladder infections and gingivitis is also expected to drive the market.
North America market accounted for over 30.0% of the volume and revenue share in 2014. Growing demand for organic personal care products as well as food & beverages is expected to be a key factor driving the market. Caprylic acid is used on food & beverage processing equipment due to its anti-microbial and anti-fungal property.
Asia Pacific caprylic acid demand was 118.2 tons in 2014. Personal care segment in Asia Pacific is expected to witness significant growth on account of increasing disposable income and changing consumer preferences towards naturally derived organic products. In addition, China pharmaceutical market is expected to witness significant growth on account of the economic & demographic conditions, improved R&D activity and growing health concerns.
Companies Mentioned:
- Wilmar International Ltd.
- VVF LLC
- Vigon International Inc.
- Hallstar
- Ecogreen Oleochemicals
- KLK Oleo
- Oleon
- Solazyme
- Pacific Oleochemicals
Key Topics Covered:
1. Methodology and Scope
2. Executive Summary
3. Caprylic Acid Industry Outlook
4. Caprylic Acid Application Outlook
5. Acetic Acid Regional Outlook
6. Competitive Landscape
For more information visit http://www.researchandmarkets.com/research/stgfvx/caprylic_acid
View source version on businesswire.com: http://www.businesswire.com/news/home/20160603005659/en/
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