Press release
Caprylic Acid Market Growth, Industry Trends To 2022 by Grand View Research, Inc.
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.
Browse full research report on Global Caprylic Acid Market: http://www.grandviewresearch.com/industry-analysis/caprylic-acid-market
Further key findings from the report suggest:
• Personal care accounted for 39.2% of the overall volume share in 2014. Caprylic acid is used extensively in hair care, skin care, and cosmetic products owing to its skin as well as hair conditioning properties. Furthermore, caprylic acid helps acts as an emollient and dispersing agent wherein it helps in the release of pigments and vitamins thereby providing smooth texture to the hair as well as skin.
• Caprylic acid has profound usage as a natural antimicrobial ingredient for food contact surfaces & equipment, which includes breweries, wineries, and meat processing plants. It helps to maintain proper functioning of the digestive tract and pH balance of the body. Furthermore, this product also activates ghrelin, which stimulates hunger and increases appetite. Market for caprylic acid in food & beverage applications is estimated to be worth USD 1.3 million by 2022.
• 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.
• Caprylic acid market is characterized by integration across various stages of the value chain by the various companies including Willmar International Limited, Kuala Lumpur Kepong Berhad, VVF Company, P&G and Oxiteno
Read detailed report or request for sample of this research report:
http://www.grandviewresearch.com/industry-analysis/caprylic-acid-market/request
Grand View Research has segmented the caprylic acid market on the basis of application and region:
Caprylic Acid Market Application Outlook (Volume, Tons; Revenue, USD Million, 2012 - 2022)
• Personal care
• Pharmaceutical
• Food & beverage
• Others
Caprylic Acid Market Regional Outlook (Volume, Tons; Revenue, USD Million, 2012 - 2022)
• North America
o U.S.
• Europe
o Germany
o United Kingdom
• Asia Pacific
o China
o Japan
• Latin America
o Brazil
• Middle East & Africa
Browse more reports of this category by Grand View Research: http://www.grandviewresearch.com/industry/renewable-chemicals
Grand View Research, Inc. is a U.S. based market research and consulting company, registered in the State of California and headquartered in San Francisco. The company provides syndicated research reports, customized research reports, and consulting services. To help clients make informed business decisions, we offer market intelligence studies ensuring relevant and fact-based research across a range of industries, from technology to chemicals, materials and healthcare.
Sherry James
Corporate Sales Specialist, USA
Grand View Research, Inc
Web: grandviewresearch.com
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