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Global Caprylic Acid Market 2017-2021

Global Caprylic Acid Market 2017-2021

About Caprylic Acid

Caprylic acid or octanoic acid consists of eight-carbon saturated fatty acid. Caprylic acid can be found in the milk of many mammals, palm oil (3%-5%), and coconut (5%-8%). It is minutely soluble in water and has a rancid smell and taste. Caprylic acid has antimicrobial properties that restrain the growth of microbes such as bacteria, fungi, and algae. It has proved to be beneficial in fighting Candida fungi. In addition, it oxidizes fat component in the body, which enables to burn excess calories and helps in losing weight.

Technavio’s analysts forecast the global caprylic acid market to grow at a CAGR of 6.50% during the period 2017-2021.

Covered in this report

The report covers the present scenario and the growth prospects of the global caprylic acid market for 2017-2021. The report presents a detailed picture of the market by way of study, synthesis, and summation of data from multiple sources.

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

  • Americas
  • APAC
  • EMEA
Technavio's report, Global Caprylic 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
  • Forchem Oyj
  • IOI Corporation
  • Kuala Lumpur Kepong
  • Oleon
  • Wilmar International
Other prominent vendors
  • Acme Chem
  • Ecogreen Oleochemicals
  • Hallstar
  • Pacific Oleochemicals
  • P&G Chemicals
  • Solazyme
  • VVF
Market driver
  • Increasing promotion by governments
  • For a full, detailed list, view our report
Market challenge
  • Uncertainty about long-term effects of caprylic acid
  • For a full, detailed list, view our report
Market trend
  • Growing demand in food and drug segment
  • 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?


Press Release

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

Technavio recognizes the following companies as the key players in the global caprylic acid market: Forchem Oyj, IOI Corporation, Kuala Lumpur Kepong, Oleon, and Wilmar International.

Other Prominent Vendors in the market are: Acme Chem, Ecogreen Oleochemicals, Hallstar, Pacific Oleochemicals, P&G Chemicals, Solazyme, and VVF.

Commenting on the report, an analyst from Technavio’s team said: “One trend in the market is growing demand in food and drug segment. Caprylic acid is approved by many food and drug administrative agencies such as the US Food and Drug Administration and the European Union. These approvals allow the industry to boost its application as a food additive and nutrition supplement. As the modern generation is becoming more health and nutrition conscious, approvals like these accelerate the demand.”

According to the report, one driver in the market is increasing promotion by governments. The rising number of incentive plans by the government encourages and increases the production of natural and ecofriendly fatty acids. For instance, the US Food and Drug Administration is promoting caprylic acid as it liberates fatty acids and has nutritional values. Governments are compelling companies for using natural resources to produce caprylic acid. These initiatives have come from the growing benefits of caprylic acid in terms of health gain and the growing concerns among consumers regarding the use of naturally aspirated products that are safe to consume.

Further, the report states that one challenge in the market is uncertainty about long-term effects of caprylic acid. There are little known facts about the long-term use of caprylic acid. It may lead to side effects such as nausea, constipation, diarrhea, and indigestion. Caprylic acid may interact with blood pressure medications and lower the blood pressure. It is also harmful to people suffering from medium-chain acyl-CoA dehydrogenase deficiency as it leads to the inability to break down caprylic acid, resulting in an acid buildup in the blood. This can ultimately lead to coma. All these health concerns relate to the use of caprylic acid affect its adoption, which in turn, will hinder the market growth during the forecast period.

Companies Mentioned

Forchem Oyj, IOI Corporation, Kuala Lumpur Kepong, Oleon, Wilmar International, Acme Chem, Ecogreen Oleochemicals, Hallstar, Pacific Oleochemicals, P&G Chemicals, Solazyme, and VVF.

  • Executive summary
  • Scope of the report
  • Research methodology
  • Introduction
    • Market outline
  • Market landscape
    • Market overview
      • Table Global caprylic acid market
    • Market size and forecast
      • Table Global caprylic acid market in 2016-2021 ($ millions)
    • Five forces analysis
      • Table Five forces analysis
  • Market segmentation by application
    • Global caprylic acid market by application
      • Table Global caprylic acid market by application 2016
      • Table Global caprylic acid market by application 2021
    • Global caprylic acid market by personal care and cosmetics
      • Table Global caprylic acid market by personal care and cosmetics 2016-2021 ($ millions)
      • Table Applications of caprylic acid in personal care and cosmetics
    • Global caprylic acid market by food and beverages
      • Table Global caprylic acid market by food and beverages 2016-2021 ($ millions)
    • Global caprylic acid market by pharmaceuticals
      • Table Global caprylic acid market by pharmaceuticals 2016-2021($ millions)
    • Global caprylic acid market by others
      • Table Global caprylic acid market in others segment 2016-2021 ($ millions)
  • Regional landscape
    • Geographical segmentation
      • Table Global – market size & forecast
    • Regional comparison
      • Table Regional comparison
    • Americas – market size & forecast
      • Table Americas – market size & forecast 2016-2021 ($ millions)
      • Table Americas – Year-over-year growth (2017-2021)
    • APAC – market size & forecast
      • Table APAC – market size & forecast 2016-2021 ($ millions)
      • Table APAC – Year-over-year growth 2017-2021
    • EMEA – market size & forecast
      • Table EMEA – market size & forecast 2016-2021 ($ millions)
      • Table EMEA – Year-over-year growth (2017-2021)
      • Table Top 5 countries in caprylic acid
    • Market opportunity
  • Decision framework
  • Drivers and challenges
    • Market drivers
    • Market challenges
  • Market trends
    • Growing demand in food and drug segment
    • Increasing usage as an hydrophobe
    • Increasing usage of caprylic acid
  • Vendor landscape
    • Competitor landscape
    • Other prominent vendors
  • Key Vendor analysis
    • Forchem Oyj
      • Table Forchem Oyj: Geographical segmentation 2016 (% share of revenue)
    • IOI Corporation
      • Table IOI Corporation: Geographical segmentation 2016 (% share of revenue)
      • Table IOI Corporation: Caprylic acid products
    • Kuala Lumpur Kepong
      • Table Kuala Lumpur Kepong: Business segmentation 2016 (% share of revenue)
      • Table Kuala Lumpur Kepong: Geographic segmentation 2016 (% share of revenue)
      • Table Kuala Lumpur Kepong: Product segmentation
    • Oleon
      • Table Oleon: Product offerings
      • Table Oleon fatty acid segment related to caprylic acid
    • Wilmar International
      • Table Wilmar International: Business segmentation 2016 (% share of revenue)
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