The global capric/caprylic triglycerides market is expected to witness significant growth over the forecast period. Caprylic acid is a typical name for eight-carbon saturated fatty acid known by octanoic acid. Its compounds are formed naturally in the milk of several mammals& as a minor part of coconut oil& palm kernel oil. Caprylic acid is an oily liquid that is partly soluble in water with a rancid-like smell &taste.
Uses of caprylic acid are found commercially in perfumery& in manufacture of dyes. It is an antimicrobial pesticide that is used as a food sanitizer in food handling units like dairy equipment, food processing equipment, wineries, breweries and beverage processing units. It is used as a disinfectant in healthcare facilities, schools, animal care/veterinary facilities, office building & premises, recreational units, retail & wholesale firms, restaurants and hotels. Additionally, caprylic acid is also used as an algaecide, bactericide & fungicide in nurseries, greenhouses& garden facilities.
The dietary uses of caprylic acid constitute as excess calorie burning & weight loss. Even athletes and sport persons consume triglycerides present in certain supplements to build endurance and stamina. Hence, capric/caprylic triglyceride is a preferred ingredient in food & beverages product due it is longer shelf-life, minimum toxicity, and as a safe ingredient.
The major drivers of global triglycerides market constitute as rise in usage of chemicals as skin protector, mainly in personal care and increasing use of capric/caprylic triglycerides in food & beverages as an ingredient is propelling the market growth for capric/caprylic triglycerides. Therefore, capric triglycerides witness an increasing demand for capric/caprylic triglycerides in food & beverages, personal care, pharmaceuticals & other industries globally.
On the basis of application, the global triglycerides market is segmented as personal care, industrial& other applications. Increasing use of safe ingredients, specifically in food & beverages and personal care is propelling the demand for caprylic/capric triglycerides.
On the basis of geographic segmentation, the global market for capric/caprylic triglycerides market is segmented as North America, Europe, Asia-Pacific, Middle East & Africa.
APAC regions account for the largest share in the global market followed by North America & Europe. The growth in the APAC regions is mostly attributed to heavy use of triglycerides, personal care, growing investments in industrial & other applications, growing economies and increasing domestic consumption.
The key players in the market include Croda International plc, Oleon NV,Oxiteno, Ecogreen Oleochemicals, Peter Cremer North America, KLK Oleo,IOI Oleo GmbH, and BERG + SCHMIDT GmbH & CO.
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