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Global Capric Acid Market 2017-2021

Global Capric Acid Market 2017-2021

About Capric Acid

Capric acid, also called as decanoic acid, is a saturated fatty acid with a chain of 10 carbon atoms. It is a light-yellowish transparent oily liquid with an unpleasant smell. Capric acid, together with other medium-chain triglycerides, is considered to be an important contributor to good health. This is most commonly used in the cosmetics and personal care, food and beverage, and pharmaceutical industries.

Technavio’s analysts forecast the global capric acid market to grow at a CAGR of 6.85% during the period 2017-2021.

Covered in this report

The report covers the present scenario and the growth prospects of the global capric acid market for 2017-2021. To calculate the market size, the report considers the revenue generated from the retail sales of haircare products to individual consumers and salons.

The market is divided into the following segments based on geography:

  • Americas
  • APAC
  • EMEA
Technavio's report Global Capric Acid Market 2017-2021, has been prepared based on an in-depth market analysis with inputs from industry experts. The report covers the market landscape and its growth prospects over the coming years. The report also includes a discussion of the key vendors operating in this market.

Key vendors
  • Ecogreen Oleochemicals
  • Henan Eastar Chemicals
  • P&G
  • Temix Oleo
  • VVF
Market driver
  • Growing awareness of grooming and personal hygiene.
  • For a full, detailed list, view our report
Market challenge
  • Unpredictable weather condition.
  • For a full, detailed list, view our report
Market trend
  • High demand for capric acid from pharmaceutical industry.
  • For a full, detailed list, view our report
Key questions answered in this report
  • What will the market size be in 2021 and what will the growth rate be?
  • What are the key market trends?
  • What is driving this market?
  • What are the challenges to market growth?
  • Who are the key vendors in this market space?
  • What are the market opportunities and threats faced by the key vendors?
  • What are the strengths and weaknesses of the key vendors?


Press Release

Technavio Announces the Publication of its Research Report – Global Capric Acid Market 2017-2021

Technavio recognizes the following companies as the key players in the global capric acid market: Ecogreen Oleochemicals, Henan Eastar Chemicals, P&G, Temix Oleo, and VVF.

Commenting on the report, an analyst from Technavio’s team said: “One trend in market is growing investments in flavor and fragrance market. One of the main factors of the growth of the global flavors and fragrances market is the increasing investments by vendors in the market to increase their production capabilities and to expand their distribution networks to reach more consumers. Vendors are also investing in the market to gain access to more untapped markets, which offer them many chances to grow. In 2015, Parag Milk Foods in India announced its plans to invest $60-$75 million in expanding its production capabilities and to expand its operation to the North and Northeast India. Amul plans to invest close to $744 million in three years to set up 10 new plants to increase its production capabilities. The company plans to increase its milk processing capabilities by 9 million liters during the forecast period.”

According to the report, one driver in market is growing awareness of grooming and personal hygiene. Improved economic conditions worldwide, expanding population in developing countries, growing aging population, increased disposable incomes, growing preference for healthier lifestyles, and an increase in the use of organic natural products are the major drivers for the growth of the global capric acid market. Skin care items, hair care items, and perfumes are expected to witness the highest demand due to the growing awareness of personal hygiene and grooming. The global perfume market was estimated at $40 billion in 2016, which is again expected to grow at a CAGR of 6% during the forecast period.

Further, the report states that one challenge in market is unpredictable weather condition. Capric acid is mainly extracted from plant sources. It is derived from coconut oil, PKO, milk of various mammals, and to some extent from animal fat. Weather condition plays a vital role in the derivation process as it might be affected by any kind of adverse weather condition and other natural disasters such as flood, earthquake, and drought. Erratic supplies of coconut due to adverse weather conditions and declining productivity of aging coconut also have a negative effect on this market. In addition, coconut trees are not very resistant to pest and other diseases in certain weather conditions, which might also be a reason for low productivity certain times.

Companies Mentioned

Ecogreen Oleochemicals, Henan Eastar Chemicals, P&G, Temix Oleo, VVF.

  • Executive summary
  • Scope of the report
    • Market overview
      • Table Segmentation of global capric acid market
      • Table Segmentation of global capric acid market by end-user industries
      • Table Segmentation of global capric acid market by geography
  • Market research methodology
    • Research methodology
    • Economic indicators
  • Introduction
    • Key market highlights
  • Market landscape
    • Market overview
    • Global capric acid market
      • Table Global capric acid market 2016 and 2021 ($ millions)
      • Table Market forecast: Global capric acid market 2016-2021
    • Five forces analysis
      • Table Five forces analysis
  • Market segmentation by end-user industries
    • Global capric acid market by end-user industries
      • Table Global capric acid market by end-user industries 2016 and 2021
    • Global capric acid market in cosmetics and personal care industry
      • Table Global capric acid market in cosmetics and personal care industry 2016 and 2021 ($ millions)
      • Table Market forecast: Global capric acid market in cosmetics and personal care industry 2016-2021
      • Table Global cosmetics and personal care industry by category 2016
      • Table Global cosmetics and personal care industry by region 2016
    • Global capric acid market in food and beverage industry
      • Table Global capric acid market in food and beverage industry 2016 and 2021 ($ millions)
      • Table Market forecast: Global capric acid market in food and beverage industry 2016-2021
      • Table Retail sales of foods and beverages by region 2016
    • Global capric acid market in pharmaceutical industry
      • Table Global capric acid market in pharmaceutical industry 2016 and 2021 ($ millions)
      • Table Market forecast: Global capric acid market in pharmaceutical industry 2016-2021
      • Table Global pharmaceutical industry by region 2016
      • Table Global pharmaceutical industry 2013-2017 ($ billions)
    • Global capric acid market in other industries
      • Table Global capric acid market in other industries 2016 and 2021 ($ millions)
      • Table Market forecast: Global capric acid market in other industries 2016-2021
  • Geographical segmentation
    • Global capric acid market by geography
      • Table Global capric acid market by geography 2016 and 2021
    • Capric acid market in APAC
      • Table Capric acid market in APAC 2016 and 2021 ($ millions)
      • Table Market forecast: Capric acid market in APAC 2016-2021
      • Table APAC's food industry turnover 2015 and 2016 ($ billions)
      • Table APAC's beverage industry turnover 2015 and 2016 ($ billions)
    • Capric acid market in Americas
      • Table Capric acid market in Americas 2016 and 2021 ($ millions)
      • Table Market forecast: Capric acid market in Americas 2016-2021
    • Capric acid market in Europe
      • Table Capric acid market in Europe 2016 and 2021 ($ millions)
      • Table Market forecast: Capric acid market in Europe 2016-2021
      • Table Cosmetics and personal care market in Europe by category 2016
    • Capric acid market in ROW
      • Table Capric acid market in ROW 2016 and 2021 ($ millions)
      • Table Market forecast: Capric acid market in ROW 2016-2021
  • Market drivers
    • Growth in food and beverage industry
      • Table Food products market in APAC 2015 (%)
      • Table Global sales of beverage by volume 2015 (%)
    • Growing awareness of grooming and personal hygiene
      • Table Global personal care market 2016-2021 ($ billions)
    • Distinct properties of capric acid
  • Impact of drivers
    • Table Impact of drivers
  • Market challenges
    • Volatility in raw material prices
    • Unpredictable weather condition
    • Threat of substitutes
  • Impact of drivers and challenges
    • Table Impact of drivers and challenges
  • Market trends
    • Growing investments in flavor and fragrance market
    • Economic growth in APAC
    • High demand for capric acid from pharmaceutical industry
  • Vendor landscape
    • Table Major vendors
    • Ecogreen Oleochemicals
      • Table Ecogreen Oleochemicals: Business segmentation
    • Henan Eastar Chemicals
      • Table Henan Eastar Chemicals: Business segmentation
    • P&G
      • Table P&G: Business segmentation by revenue 2016
      • Table P&G: Business segmentation by geography 2016
    • Temix Oleo
      • Table Temix Oleo: Business segmentation
    • VVF
      • Table VVF: Business segmentation
  • Appendix
    • List of abbreviations
  • Explore Technavio

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