According to the recent study the caprylic/capric triglycerides marketis projected to grow at a CAGR of 5%-6% from 2020 to 2025. Growth in this market is primarily driven byincreasing consumption in food and beverage industry as an ingredient and as a skin protector chemical for personal care industries.
Browse XX figures / charts and XXtables in this 150 -page report to understand trends, opportunities and forecast in caprylic/capric triglyceridesmarketby application (personal care, food and beverage, pharmaceutical, industrial, and others) and region (North America, Europe, Asia Pacific, and Rest of the World).
“Food and beverage market is expected to remain the largest segment during the forecast period.”
Based on application, the caprylic/capric triglyceridesmarket is segmented intopersonal care, food and beverage, pharmaceutical, industrial, and others. Lucintel forecasts that the food and beverageis expected to witness the largest segment over the forecast period due to growing consumption of oils in food & beverages industry.
“Asia Pacificwill dominate the caprylic/capric triglyceridesmarket in near future”
Asia Pacificis expected to be the largest region over the forecast perioddue to heavy use of triglycerides in personal care industry, growing investments in industrial and other applications, growing economies and increasing domestic consumption.
Major players of caprylic/capric triglyceridesmarket are adopting various growth strategies like new product launches, expansions, merger and acquisitions, partnerships, agreements, and collaborations to expand their presence in this market. Croda International plc, Oleon NV, EcogreenOleochemicals, Peter Cremer North America, IOI Oleo GmbH, KLK Oleo, Oxiteno, Emery Oleochemicals, and Sternchemie GmbH & Co KGare among the major caprylic/capric triglyceridesproviders.
