Adroit Market Research launched a report on, “Global Caprylic Acid Market Size 2017 Application (Personal Care, Pharmaceutical, Food & Beverage, and Others), By Region and Forecast 2018 to 2025”. The study covers the global caprylic acid market trends including the various driving and restraining factors. Additionally, the report discusses the global caprylic acid market growth for a period between 2015 and 2025. Caprylic acid is also known as octanoic acid.

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The global caprylic acid market size is estimated to reach USD 3.11 million by 2025 driven by its antifungal and antimicrobial properties. Caprylic acid or octanoic acid is a natural fatty acid that helps to boost immunity against fungal or bacterial infections and in plummeting cholesterol level. Caprylic acid is also used as a pesticide in various commercial food grade industries to prevent unwanted microbial growth.

Application of caprylic acid in infant formula has been one of the major drivers of the global caprylic acid market, however, post the renewal of the infant formula composition as per the 23(a) of standard 2.9.1 which states that the MCTs should not be used as these fats are not absorbed naturally in the breast milk. Thereafter, the amount of MCTs has been reduced to 0.002% (w/w) of the total fat content of infant formula. Caprylic acid is the major component of medium chain triglycerides (MCTs).

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Coconut oil, palm kernel nuts, and Babassu palm are the major sources of C8 caprylic acid and other C12-C14 fatty acids across the globe. Plants oil market itself is a more than USD 200 billion market with coconut oil accounting more than USD 5 billion and palm kernel oil accounting for more than around USD 9 billion at present.

Key players present in this market include TerraVia Holdings, Oleon, Arizona Chemicals, Wilmar BioEthanol, and Spectrum Chemical Manufacturing Corp. TerraVia Holdings is likely to lead the global caprylic and oleochemical industry in terms of joint ventures and agreements that include global leaders in chemical and sugar industry, such as Dow, AkzoNobel, and Mitsui.

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Key segments of the global caprylic acid market
Application Overview, 2015-2025 (USD Thousand) (Tons)
• Personal care
• Pharmaceutical
• Food & beverage
• Others

Regional Overview, 2015-2025 (USD Thousand) (Tons)
• North America
• U.S.
• Europe
• Germany
• UK
• Asia Pacific
• China
• Japan
• Central and South America
• Brazil
• Middle East and Africa


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