Global Capric Acid Market is projected to grow to USD 258.56 million by 2033

From GlobeNewswire: 2024-07-06 03:00:00

The Global Capric Acid Market is expected to grow from USD 168.56 million in 2023 to USD 258.56 million by 2033, with a CAGR of 4.37%. Capric acid, a 10-carbon saturated fatty acid, is derived from sources like coconut and palm kernel oils, finding application in food, pharmaceutical, cosmetic, and personal care industries. Plant-based capric acid is preferred due to its natural sources, leading the market. Food & beverage is the largest application segment, with its antibacterial properties and ability to enhance flavor. Asia Pacific is projected to dominate the market, driven by the food industry’s expansion and industrial growth.

Moreover, North America is expected to see rapid growth in the capric acid market due to a comprehensive healthcare system and increasing demand for organic personal care products. Key players in the market include Sisco Research Laboratories Pvt. Ltd, P and G Chemicals, and IOI Oleochemicals, among others. In January 2022, Gadot Biochemical Industries launched a new product, Cal2Mg, to meet the growing demand for high-quality, functional food ingredients.

With a focus on global capric acid market analysis, the study forecasts revenue at the global, regional, and country levels from 2020 to 2033. Key segments include source (plant vs. animal) and application (pharmaceuticals, food & beverage, personal care & cosmetics, industrial chemicals, and others). Regional analysis covers North America, Europe, Asia Pacific, South America, and Middle East & Africa. Explore related reports on topics like hydrogen trucks and copper foil for in-depth market insights.



Read more at GlobeNewswire: Global Capric Acid Market Size To Worth USD 258.56 Million