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2017 Forecast – Capric Acid Global Market, Industry Size, Share, Analysis and Opportunities to 2023

Friday, March 17, 2017 4:38
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Latest industry research report on Capric Acid Market. Capric acid, also known as Decanoic acid, is a saturated fatty acid naturally found in animal fats, milk of goats and cows, and plant oils such as palm and coconut oil. Capric acid is used in the manufacturing of esters for artificial flavoring, color, and aroma. Moreover, it is used in the production of personal care products, pharmaceuticals, synthetic rubbers, dyes, lubricating grease, and plastics products. It is a vital part of the delivery system that helps the diabetics absorb prescribed amounts of insulin. The world capric acid market is expected to witness dynamic growth, owing to the large number of end users and increasing industry applications.

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Factors such as progressive demographic changes and consumer awareness regarding personal care have boosted the capric acid market. Moreover, increasing consumption of processed and packaged food products has fostered the demand for new artificial flavoring and coloring agents. However, the exposure in its refined form leading to skin or pulmonary irritation and irregular availability of raw materials are the major factors restricting the market growth. The prominent pharmaceutical companies intend to use the capric acid present in coconut oil to manufacture drugs for diabetic patients, which boosts the growth of the market.

The capric acid market is segmented on the basis of source, end user, and geography

Market By Source

  • Animal
  • Plant

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Market By End Users

  • Food & Beverages
  • Industrial Chemicals
  • Personal Care
  • Pharmaceuticals
  • Others

Market By Geography

North America

  • U.S.
  • Canada
  • Mexico

Europe

  • U.K.
  • France
  • Germany
  • Others

Asia-Pacific

  • India
  • China
  • Japan
  • Others

LAMEA

  • Latin America
  • Middle East
  • Africa

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