Caprylic/Capric Triglycerides Market - Growth, Trends, COVID-19 Impact, and Forecasts (2021 - 2026)

The Market is segmented by End-user Industry (Cosmetics and Personal Care, Food and Beverages, Pharmaceuticals, and Other End-user Industries), and Geography (Asia-Pacific, North America, Europe, South America, and Middle-East and Africa). The report offers market size and forecasts for Caprylic/Capric Triglycerides in revenue (USD million) for all the above segments.

Market Snapshot

Caprylic/Capric Triglycerides Market Bar Graph
Study Period: 2016 - 2026
Base Year: 2020
Fastest Growing Market: Asia Pacific
Largest Market: Asia Pacific
CAGR: >4 %
Caprylic/Capric Triglycerides Market Top Companies

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Market Overview

The Global Caprylic/Capric Triglycerides Market is projected to register a CAGR of over 4% during the forecast period (2021-2026).

The market was negatively impacted by COVID-19 in 2020. Caprylic/capric triglycerides are used in cosmetics products including lipstick, eyeliner, cream-based and liquid foundations, moisturizing face creams, sunscreens, eye creams, anti-aging serums, and others. During the pandemic scenario, the cosmetics makeup segment has got the hardest negative hit during the lockdown as peoples were not frequently opting to visit salons or also not intending to do such jobs at home. For instance, according to L'oreal, the cosmetics market's global revenue has fallen by 8% in the year 2020 compared to 2019 reaching out a total of EUR 213 billion.

  • Over the short term, the increasing demand from the cosmetics and personal care industry and food and beverage industry owing to their natural benefits are expected to drive the market's growth. 
  • Cosmetics and personal care products are expected to dominate the global market owing to their wide usage as an emollient that is used in personal care products for skin softening.
  • Asia-Pacific is forecasted to hold the largest market share due to huge spending in personal care products from countries such as China, India, South Korea, etc.

Scope of the Report

Caprylic/capric triglyceride is a compound that is formulated using fatty acids and natural oil, for example, coconut oil and glycerin. It can be used as an antioxidant, solvent, dispersing agent, and emollient in various cosmetics and personal care products. The caprylic/capric triglycerides market is segmented by end-user industry and geography. By end-user industry, the market is segmented into Cosmetics and Personal Care, Food and Beverages, Pharmaceuticals, and Other End-user Industries. The report also covers the market size and forecasts for the caprylic/capric triglycerides market in 15 countries across major regions. For each segment, the market sizing and forecasts have been done on the basis of revenue (USD million).

End-User Industry
Cosmetics and Personal Care
Food and Beverages
Pharmaceuticals
Other End-user Industries
Geography
Asia-Pacific
China
India
Japan
South Korea
Rest of Asia-Pacific
North America
United States
Canada
Mexico
Europe
Germany
United Kingdom
Italy
France
Spain
Rest of Europe
South America
Brazil
Argentina
Rest of South America
Middle-East and Africa
Saudi Arabia
South Africa
Rest of Middle-East and Africa

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Key Market Trends

Cosmetics and Personal Care Sector to Dominate the Market

  • Caprylic triglycerides is an oily liquid, typically produced from combining coconut oil with glycerin. This ingredient is sometimes called capric triglyceride. It's likewise now and then erroneously called fractionated coconut oil. It assists in smoothening the skin and also works as an antioxidant.
  • Caprylic triglycerides are compounds made of naturally occurring fatty acids. The high-fat substance in them alongside their surface and antioxidant agent characteristics, make them of specific use for cleanser and skincare items.
  • It is added in the cosmetics products to make active ingredients beauty care products last longer as it works as a preservative by binding together other ingredients.
  • According to L'oreal, in the year 2020, the global cosmetics market was worth over EUR 213 billion, with skin care contributing about 42%. During 2020, skin care products had a positive growth on the market and were a leading contributor to the cosmetics market.
  • As of Cosmetics Europe, the European Cosmetics and personal care industry was valued at about USD 95.32 billion in 2019, with a growth rate of about 1.5% compared to the previous year, thus led to an increase in the demand for cosmetics in the region.
  • Therefore, the aforementioned factors are expected to show significant impact on the caprylic/capric triglycerides market in the coming years.
Caprylic/Capric Triglycerides Market Share

Asia-Pacific Region to Dominate the Market

  • Asia-Pacific is expected to have the largest market share in the caprylic/capric triglycerides market globally during the forecast period.
  • Asia-Pacific region accounts for over 43% of the global cosmetics market in the year 2020, the regional sales during 2020 in the Asia-Pacific stood around EUR 105 billion. Japan, China, Korea, and India are leading the cosmetics market in the Asia-Pacific region.
  • In March 2019, the retail trade revenue of cosmetics in China was amounted to about USD 4.33 billion and reached about USD 3.85 billion in March 2020, with a decline rate of about 11% mainly due to the COVID-19 impact, which in turn decreases the consumption of caprylic/capric triglycerides by the cosmetics segment within the country.
  • The beauty and personal care industry in China has generated a revenue of USD 51.27 billion in 2020, witnessing a fall from USD 51.8 billion in 2019. Also, it is expected to reach USD 78.54 billion in 2025, according to Statista Market Forecast.
  • According to the India Brand Equity Foundation, the domestic pharmaceutical market turnover was reached to USD 20.03 billion in 2019, with a growth rate of 9.8% year on year and the industry in the country is expected to reach USD 100 billion by 2025.
  • According to Statista market forecast, the beauty and personal care market in India is expected to reach USD 37.2 billion in 2025 witnessing a CAGR of 8.51% during the period 2021-2025,
  • Therefore, the aforementioned factors are expected to show significant impact on the caprylic/capric triglycerides market in the coming years.
Caprylic/Capric Triglycerides Market Growth By Region

Competitive Landscape

The caprylic/capric triglycerides market is consolidated. Some of the key players operating in the market include Croda International Plc, Oleon NV, Peter Cremer North America LP, KLK OLEO, and IOI Oleo GmbH, among others.

Table of Contents

  1. 1. INTRODUCTION

    1. 1.1 Study Assumptions

    2. 1.2 Scope of the Study

  2. 2. RESEARCH METHODOLOGY

  3. 3. EXECUTIVE SUMMARY

  4. 4. MARKET DYNAMICS

    1. 4.1 Drivers

      1. 4.1.1 Cosmetics and Personal Care Sector to Drive the Market

      2. 4.1.2 Growing Usage in the Food and Beverages Industry

    2. 4.2 Restraints

      1. 4.2.1 COVID-19 Outbreak Hampering the Market Growth

      2. 4.2.2 Other Restraints

    3. 4.3 Industry Value-Chain Analysis

    4. 4.4 Porter's Five Forces Analysis

      1. 4.4.1 Bargaining Power of Suppliers

      2. 4.4.2 Bargaining Power of Buyers

      3. 4.4.3 Threat of New Entrants

      4. 4.4.4 Threat of Substitute Products and Services

      5. 4.4.5 Degree of Competition

  5. 5. MARKET SEGMENTATION

    1. 5.1 End-User Industry

      1. 5.1.1 Cosmetics and Personal Care

      2. 5.1.2 Food and Beverages

      3. 5.1.3 Pharmaceuticals

      4. 5.1.4 Other End-user Industries

    2. 5.2 Geography

      1. 5.2.1 Asia-Pacific

        1. 5.2.1.1 China

        2. 5.2.1.2 India

        3. 5.2.1.3 Japan

        4. 5.2.1.4 South Korea

        5. 5.2.1.5 Rest of Asia-Pacific

      2. 5.2.2 North America

        1. 5.2.2.1 United States

        2. 5.2.2.2 Canada

        3. 5.2.2.3 Mexico

      3. 5.2.3 Europe

        1. 5.2.3.1 Germany

        2. 5.2.3.2 United Kingdom

        3. 5.2.3.3 Italy

        4. 5.2.3.4 France

        5. 5.2.3.5 Spain

        6. 5.2.3.6 Rest of Europe

      4. 5.2.4 South America

        1. 5.2.4.1 Brazil

        2. 5.2.4.2 Argentina

        3. 5.2.4.3 Rest of South America

      5. 5.2.5 Middle-East and Africa

        1. 5.2.5.1 Saudi Arabia

        2. 5.2.5.2 South Africa

        3. 5.2.5.3 Rest of Middle-East and Africa

  6. 6. COMPETITIVE LANDSCAPE

    1. 6.1 Mergers and Acquisitions, Joint Ventures, Collaborations, and Agreements

    2. 6.2 Market Share Analysis**/ Ranking Analysis

    3. 6.3 Strategies Adopted by Leading Players

    4. 6.4 Company Profiles

      1. 6.4.1 Alzo International Inc

      2. 6.4.2 Berg + Schmidt

      3. 6.4.3 Croda International Plc

      4. 6.4.4 PT. Ecogreen Oleochemicals

      5. 6.4.5 IOI Oleo GmbH

      6. 6.4.6 KLK OLEO

      7. 6.4.7 Oleon NV

      8. 6.4.8 Peter Cremer North America, LP

      9. 6.4.9 Vantage Specialty Chemicals

    5. *List Not Exhaustive
  7. 7. MARKET OPPORTUNITIES AND FUTURE TRENDS

**Subject to Availability

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Frequently Asked Questions

The Caprylic/Capric Triglycerides Market market is studied from 2016 - 2026.

The Caprylic/Capric Triglycerides Market is growing at a CAGR of >4% over the next 5 years.

Asia Pacific is growing at the highest CAGR over 2021- 2026.

Asia Pacific holds highest share in 2020.

Croda International Plc , Oleon NV, Peter Cremer North America, LP, KLK OLEO, IOI Oleo GmbH are the major companies operating in Caprylic/Capric Triglycerides Market.

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