Press release
Caproic Acid Market Updated Market Insight (With Market Values & CAGR 7.1%
Caproic Acid Market
The Caproic Acid Market is witnessing growing demand across food & beverage, animal feed, fragrances, personal care, pharmaceuticals, and industrial chemicals. Caproic acid (hexanoic acid), a medium-chain fatty acid, is widely used as a flavoring agent, antimicrobial ingredient, ester precursor, and feed additive. Its increasing use in perfume formulations, dairy flavors, synthetic lubricants, and specialty chemicals is accelerating global demand.
The global market is valued at USD 327.6 million in 2024 and is projected to reach USD 495.3 million by 2030, growing at a CAGR of 7.1% during 2024-2030. Growth is driven by higher consumption of flavoring esters, rising awareness of functional fatty acids, and increasing adoption of bio-based chemical production.
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Market Growth (2024-2030)
• Market Size 2024: USD 327.6 million
• Market Size 2030: USD 495.3 million
• CAGR: 7.1%
Demand is particularly strong in Asia-Pacific, supported by expanding food processing industries and growing production of fatty acid derivatives.
Key Market Drivers
• Increasing use of caproic acid in flavor and fragrance formulations
• Strong demand from animal feed and nutrition supplements
• Rising consumption of medium-chain fatty acids in pharmaceuticals
• Growth of bio-based chemical production from palm kernel and coconut oil
• Expanding applications in plasticizers, lubricants, surfactants, and corrosion inhibitors
• Increased research in microbial fermentation for sustainable caproic acid production
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Market Segmentation
By Source
• Plant-Based (Coconut Oil, Palm Kernel Oil)
• Animal-Based Sources
• Synthetic / Petrochemical
• Fermentation-Based (Bio-derived)
By Grade
• Food Grade
• Feed Grade
• Industrial Grade
• Pharmaceutical Grade
By Application
• Food & Beverage Flavors (cheese, dairy, savory formulations)
• Fragrances & Perfumes
• Animal Feed Additives
• Pharmaceutical Intermediates
• Lubricants & Greases
• Plasticizers & Polymers
• Corrosion Inhibitors
• Surfactants & Esters
By End-Use Industry
• Food & Beverage
• Cosmetics & Personal Care
• Animal Nutrition
• Pharmaceuticals
• Chemicals & Plastics
• Industrial Manufacturing
By Region
• North America
• Europe
• Asia Pacific
• South America
• Middle East & Africa
Key Market Trends
• Growing adoption of bio-based caproic acid driven by sustainability regulations
• Increased usage in ester formulations for cosmetics and fragrances
• Rising demand for medium-chain fatty acids in clinical nutrition
• Expansion of animal feed applications due to antimicrobial and gut-health benefits
• Innovation in fermentation technology enabling low-cost production
• Higher usage in synthetic lubricants, polyol esters, and corrosion inhibitors
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Competitive Landscape
Major companies operating in the Caproic Acid Market include:
• KLK Oleo
• BASF SE
• Oleon NV
• Pacific Oleochemicals
• P&G Chemicals
• Musim Mas
• IOI Oleochemical
• Acme-Hardesty
• Sigma-Aldrich (Merck)
• Huatai Chemical
These companies focus on sustainable sourcing, high-purity fatty acid production, efficiency improvements, and expansion in Asian manufacturing hubs.
Recent Developments
• Expansion of oleochemical capacities in Malaysia and Indonesia
• Increased production of high-purity ester-grade caproic acid for cosmetics
• Development of microbial fermentation pathways for renewable caproic acid
• New product launches in food-grade and pharma-grade caproic acid
• Strategic partnerships between oleochemical producers and specialty chemical manufacturers
This report is also available in the following languages : Japanese (カプロン酸市場), Korean (카프로산 시장), Chinese (己酸市场), French (Marché de l'acide caproïque), German (Markt für Capronsäure), and Italian (Mercato dell'acido caproico), etc.
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Exactitude Consultancy is a market research & consulting services firm which helps its client to address their most pressing strategic and business challenges. Our market research helps clients to address critical business challenges and also helps make optimized business decisions with our fact-based research insights, market intelligence, and accurate data.
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