Global Lauric Acid Market Size, Share, Revenue Estimation, Demand, Growth and Forecast to 2030

Lauric Acid is a saturated medium-chain fatty acid with a 12-carbon backbone. It is found naturally in various plant and animal fats and oils, and is a major component of coconut oil and palm kernel oil. It is a white, powdery solid with a faint odour of bay oil. Lauric acid, although slightly irritating to mucous membranes, has a very low toxicity and so is used in many soaps and shampoos. Since the lauric acid is less costly relatively to others products, non-toxic, easy to handle, long self-life emulsifier, and certified from U.S. Food and Drug Administration (U.S. FDA) for the use in cosmetic application therefore companies are preferring lauric acid over other emulsifiers for the manufacturing of cosmetic & personal product.

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Lauric acid is a versatile product therefore used in various application like cosmetic & personal care, food & beverages, pharmaceutical, and many more. It is use as intermediate and as surface active agent in chemical industry, used to increase total serum cholesterol in medicine industry, used in manufacturing of soaps and other cosmetic & personal care products. But cosmetic & personal application hold the significant share in the lauric acid market due to increase in demand for these products because of rise in consumer disposable income which will increase spending power to buy these products in order to maintain grooming standard.

Geographically, APAC is a prominent region for the growth of lauric acid market due to increase in industries such as chemical and pharmaceuticals in economies like China, and India where lauric acid is used in the manufacturing of various end-use product. Further, increase in industries in the region will provide employability opportunity to people which will increase the people per capita income and as a result increase in disposable income , growth in urban population, and changing standard living that also aids the market as more people will able to afford cosmetic & personal and pharmaceutical products in the region.

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Lauric Acid Market Competitive Landscape

Some of the major companies operating in the global lauric acid market are VVF LLC, Cailà & Parés, KLK OLEO, Wilmar International Ltd., IOI Oleo GmbH, Musim Mas Holdings Pte. Ltd., Oleon N.V., Kao Corporation, Godrej Industries Limited, and Tokyo Chemical Industry Co. Ltd.

The major countries covered in this report for historical and forecast market size analyses are the U.S., Canada, France, Germany, the U.K., Italy, Spain, Japan, China, India, South Korea, Brazil, Argentina, Saudi Arabia, and South Africa.

Lauric Acid Market Size Breakdown by Segment

Based on Application

Cosmetic & Personal Care
Food & Beverages
Pharmaceuticals
Geographical Analysis

North America
U.S.
Canada
Europe
U.K.
Germany
France
Italy
Spain
Asia-Pacific (APAC)
China
Japan
India
South Korea
Latin America (LATAM)
Brazil
Argentina
Middle East & Africa (MEA)
South Africa
Saudi Arabia

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This release was published on openPR.