Press release
Caprylic/Capric Triglycerides Market 2018-2023; Croda International plc. Oleon NV, Ecogreen Oleochemicals, Peter Cremer North America, IOI Oleo GmbH, KLK Oleo, Oxiteno, BERG + SCHMIDT GmbH & CO.
Caprylic/capric triglycerides also known as MCT are a class of triglycerides. Various benefits of triglycerides such as proper weight management, efficient metabolism, and healthy cognitive functioning pave its way into many dietary supplements, and sports drinks. Caprylic acid is also known as octanoic acid is a saturated fatty acid, which is naturally found in milk, palm oil, and coconut oil. Caprylic triglycerides find its application in manufacturing of dyes, perfumes, as food sanitizers, and as disinfectants among others. The growing demand for dietary supplements across the globe is expected to drive the market during the forecast period. Moreover, the usage of caprylic triglycerides in the cosmetic and personal care industry is expected to surge the market growth. Growing awareness about the medicinal benefits of caprylic triglycerides has increased the adoption of the product in the pharmaceutical industry. The growing demand for sports supplements is likely to augment the market growth further. The global caprylic/capric triglycerides market is anticipated to grow at a CAGR of over 5% during the given period. The food and beverage segment is leading the market and is anticipated to continue its dominance over the forecast period. Whereas the cosmetic and personal care segment is anticipated to exhibit the highest growth with an expanding CAGR. The anti-fungal and antimicrobial property of caprylic acid finds its application in the food and beverage industry.
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Global Caprylic Triglycerides Market share, by region
Segmentation
The global caprylic/capric triglycerides market is segmented into application and region. On the basis of the application, the global caprylic/capric triglycerides market is further segmented into dietary supplements, cosmetic & personal care, pharmaceuticals, sports drinks, infant nutrition, food & beverage and others. On the basis of the region, the global caprylic/capric triglycerides market is segmented into Asia Pacific, North America, Latin America, Europe, and the Middle East & Africa.
Key Players
Croda International plc.
Oleon NV
Ecogreen Oleochemicals
Peter Cremer North America
IOI Oleo GmbH
KLK Oleo
Oxiteno
BERG + SCHMIDT GmbH & CO.
Intended Audience
• Caprylic/Capric Triglycerides market manufacturers
• Traders and Distributors of Caprylic/Capric Triglycerides market
• Production process industries
• Potential investors
Geographical Analysis
The report covers brief analysis of the major geographic regions namely Asia Pacific, Europe, North America, Latin America, and the Middle East & Africa.
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