Caprylic/Capric Triglycerides Market: Industry Trends, Market Segments, Landscape, Analysis and Forecast – 2027

Posted April 1, 2021 by Vaibhavwamrfr2021

The report provides detailed statistics and analysis on the state of the industry; and is a valuable source of guidance and direction for companies and individuals interested in the market.

Market Overview

The caprylic triglycerides are widely used as dietary supplements, infant nutrition, pharmaceuticals, cosmetic & personal care, sports drink, and others. Food and beverage segment is dominating the global market. Whereas, the cosmetic & personal care segment is anticipated to witness the highest growth during the forecast period 2017-2023. The growing consciousness about health benefits along with the increasing demand for fat burning alternatives is contributing to the growth of the segment.

Key Players

Some of the prominent players operating in the global Caprylic/Capric Triglycerides market are Croda International plc (U.K.), Oleon NV (Belgium), Ecogreen Oleochemicals (Singapore), Peter Cremer North America (U.S.), IOI Oleo GmbH (Germany), KLK Oleo (Malaysia), Oxiteno (Brazil), and BERG + SCHMIDT GmbH & CO. (Germany) among others.

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The global caprylic/capric triglycerides market is segmented into application and region. On the basis of the application, the global caprylic/capric triglycerides market is further segmented into dietary supplements, cosmetic & personal care, pharmaceuticals, sports drinks, infant nutrition, food & beverage and others. On the basis of the region, the global caprylic/capric triglycerides market is segmented into Asia Pacific, North America, Latin America, Europe, and the Middle East & Africa.

The global caprylic triglycerides market is spanned across five regions of the world namely, Europe, Asia Pacific, North America, Latin America, and the Middle East & Africa. Asia Pacific holds the largest share of the global market and is projected to grow at a rapid rate. The growing personal care and pharmaceuticals demand in the region is positively affecting the market growth. Moreover, the growing cases of malnutrition in the region are further expected to surge the growth in the region. According to the report published by the United Nations in 2017, over 190 million people in India are undernourished. The North American market is expected to grow at a steady CAGR owing to the growing demand for caprylic triglycerides in food & beverage and cosmetics sectors. Growing cases of lifestyle diseases such as obesity and diabetes are anticipated to propel the market demand further. According to the Center for Disease Control and Prevention, the obesity rate in the U.S grew to over 35% in 2017.

NOTE: Our Team of Researchers are Studying Covid19 and its Impact on Various Industry Verticals and wherever required we will be considering Covid19 Footprints for Better Analysis of Market and Industries. Cordially get in Touch for More Details.
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Issued By MRFR
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Country India
Categories Business , Consumer
Tags Caprylic/Capric Triglycerides Market
Last Updated April 1, 2021