Increasing Demand from Personal Care Industry Set to Drive Capric Acid Market.

Capric acid, also known as decanoic acid, is a medium chain saturated fatty acid used in multiple end-use industries. Capric acid is manufactured by the wet fractionation of palm kernel oil. Coconut oil is also used in the manufacturing of capric acid. The wide range of chemical properties exhibited by capric acid makes it suitable for use in various end-user industries. The capric acid market has been segmented into key end-user segments such as food & beverages, industrial chemicals, personal care, pharmaceutical, and others such as plastic, rubber, etc. Rising demand for capric acid in a diverse range of end-user industries is predicted to drive the global capric acid market in the next eight years.

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Transparency Market Research, a leading U.S.-based market research firm, has analyzed the capric acid market and projected a compounded annual growth rate of 3.6% in terms of volume for the period from 2015 to 2023.

Personal care is anticipated to be the fastest growing end-user segment of the global capric acid market in the next few years. The personal care segment mainly includes companies that manufacture cosmetics, creams, and lotions. Capric acid acts as a natural antimicrobial agent. It also acts as an emulsifier and emollient due to which it is used in multiple creams and lotions. Capric acid is used in the production of esters, which are used to make perfumes. Increased need for natural antimicrobial agents, emulsifiers, and emollients from the personal care industry is expected to drive the demand for capric acid in the next six years. Additionally, the use of capric acid for manufacturing esters that are used in the production of perfume is anticipated to boost the market for capric acid in the next eight years.

Food and beverages end-user segment is also an important segment of the global capric acid market. Capric acid is used in the food and beverages segment for commercial food handling. It is mainly used in breweries, wineries, and meat processing plants. Extensive use of capric acid in the food and beverages industry is projected to act as a major driver for the growth of the capric acid market. In addition to the food and beverages industry, high demand for capric acid from the industrial chemicals and pharmaceutical industries is also expected to drive the demand for capric acid during the forecast period.

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Therefore, increasing demand for capric acid in various end-user segments, especially personal care and food and beverages segments, is set to drive the global capric acid market in the next few years.

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