Global Capric Acid Market Expected To Grow At A CAGR Of 6.2% Over 2016-2020


Posted June 26, 2017 by ridnhgnjsia

Capric acid is a saturated fatty acid. Salts and esters of decanoic acid are called decanoates or “caprates”. Capric acid occurs naturally in coconut oil (about 10%) and palm kernel oil

 
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Global Capric Acid Market Expected To Grow At A CAGR Of 6.2% Over 2016-2020
Capric acid is a saturated fatty acid. Salts and esters of decanoic acid are called decanoates or “caprates”. Capric acid occurs naturally in coconut oil (about 10%) and palm kernel oil (about 4%), otherwise it is uncommon in typical seed oils. It is found in the milk of various mammals and to a lesser extent in other animal fats.
Base on the application, capric acid is used in the manufacture of esters for artificial fruit flavors and perfumes. It is also used as an intermediate in chemical syntheses. It is used in organic synthesis and industrially in the manufacture of perfumes, lubricants, greases, rubber, dyes, plastics, food additives and pharmaceuticals.


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……………………The growing investments in flavor and fragrance market is one of main drivers to fuel the growth for the Capric Acid market, in addition, expanding population in developing countries, growing aging population, growing preference for healthier lifestyles, and an increase in the use of organic natural products are also the major drivers for the growth of the global capric acid market. According to a brand new research, the global Capric Acid market is expected to grow at A CAGR of 6.2% over 2016-2020.
Geographically, in 2015, Parag Milk Foods in India announced its plans to invest $60-$75 million in expanding its production capabilities and to expand its operation to the North and Northeast India. Amul plans to invest close to $744 million in three years to set up 10 new plants to increase its production capabilities.
Global top manufacturers operating in Capric Acid Market are Ecogreen Oleochemicals, Henan Eastar Chemicals, P&G, Temix Oleo, VVF among others.
Global Capric Acid market share by region as following

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Joanna | Executive – International Business and partner Relations
E-mail: [email protected] | Tel: 510-400-8520
Web: www.gosreports.com
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Last Updated June 26, 2017