The global caprylic acid market size (or octanoic acid) was 564.3 tons in 2017 and is projected to grow significantly owing to rising demand in high-performance applications. For instance, medium chain triglycerides (MCTs) are one of the powerful tools of nutrition that convert fat quickly into energy. The key type of MCTs includes C8, C10, and C12. They help in building immunity and also promote fat loss. C8 caprylic acid is known as the best ketogenic dietary supplement.
Caprylic acid is the eight-carbon saturated fatty acid and is known commonly as octanoic acid or C8 caprylic acid. Caprylic acid is least soluble in water and is majorly used in the production of esters. It is used in the manufacturing of neopolyolesters (NPE) and polyethylene/propylene glycol (PEG/PG) esters. Largely established market for caprylic acid includes lubricants, emulsifiers, thickeners, resin plasticizer, viscosity control, wetting agent, and emollients.
The global Caprylic Acid market is anticipated to increase at a 6.6% CAGR to reach value $ 2.69 million in 2030
.jpg "The Global Caprylic Acid Market 2020-2030 (USD Million)")
Caprylic acid’s use in natural feed additive is found to be an effective way of killing pathogens and bacteria. Use of caprylic acid in feed additives is likely to decrease the contamination of poultry products, especially in aged broiler chickens.
Caprylic acid is generally recognized as safe (GRAS) by the US Food and Drug Administration. However, short supply coupled with high prices of this product are the key restraints for the global caprylic acid market growth. Furthermore, increasing raw material price and low production rate are likely to hinder the growth of this market.
In terms of region, North America accounted for a major market revenue share in 2017 and is also the fastest growing market in the global caprylic acid market at an expected revenue CAGR of 8.4% between 2018 and 2025. Higher obesity rates in the U.S. is estimated to be the key factor for the caprylic acid market growth in this region. Major market of caprylic acid in other regions, such as Asia Pacific and Europe, include cosmetics & toiletries, soaps & detergents, textiles, lubricants greases & oil, paints & protective covers, etc. Asia Pacific held the second largest share within the global caprylic acid market, both in terms of volume and value in 2017.
Most of the fatty acids are harmless, hence, the demand for caprylic acid is growing in the personal care segment. However, direct contact of caprylic acid and other lower molecular fraction of fatty acid can cause irritation, hence direct contact should be avoided. People suffering from kidney stone are not recommended to consume caprylic acid. Furthermore, females that are pregnant or lactating should get a doctor’s prescription before using this product.
Application of caprylic acid in the personal care segment dominated the market in terms of market revenue in 2017 at 39.2% volume share and is likely to maintain its dominance over the forecast period. Meanwhile, pharmaceuticals are the fastest growing application segment of caprylic acid. Food & beverage is also estimated to show noteworthy growth over the foreseeable future.
Key players in the global caprylic acid market include TerraVia Holdings, Inc., Codexis, LS9, Inc, Oleon, Arizona Chemicals, Oxiteno, Braido, Cremer Oleo GmbH & Co. KG, MeadWestvaco, Wilmar International Vantage Oleochemical, Vigon International, Wilmar BioEthanol, Spectrum Chemical Manufacturing Corp, and Hydrite Chemical Co.
Caprylic Acid Market Scope
| Metrics | Details |
| Base Year | 2022 |
| Historic Data | 2020-2021 |
| Forecast Period | 2022-2030 |
| Study Period | 2020-2030 |
| Forecast Unit | Value (USD) |
| Revenue forecast in 2030 | $ 2.69 million |
| Growth Rate | CAGR of over 6.6 % during 2020-2030 |
| Segment Covered | Application, Regions |
| Regions Covered | North America, Europe, Asia Pacific, Central and South America, Middle East and Africa |
| Key Players Profiled | TerraVia Holdings, Inc., Codexis, LS9, Inc, Oleon, Arizona Chemicals, Oxiteno, Braido, Cremer Oleo GmbH & Co. KG, MeadWestvaco, Wilmar International Vantage Oleochemical, Vigon International, Wilmar BioEthanol, Spectrum Chemical Manufacturing Corp, and Hydrite Chemical Co. |
Key segments of the global caprylic acid market
Application Overview (USD Million)
- Personal care
- Pharmaceutical
- Food & beverage
- Others
Regional Overview, (USD Million)
- North America
- U.S.
- Europe
- UK
- Germany
- Asia Pacific
- China
- Japan
- Central and South America
- Brazil
- Middle East and Africa
Frequently Asked Questions (FAQ) :
The market value of caprylic acid market in 2030 was$ 2.69 million
The application of the caprylic acid market Personal Care, Pharmaceutical, Food & Beverage and other.
The top companies that hold the market share in caprylic acid market are TerraVia Holdings, Inc., Codexis, LS9, Inc, Oleon, Arizona Chemicals, Oxiteno, Braido, Cremer Oleo GmbH & Co. KG, MeadWestvaco, Wilmar International Vantage Oleochemical, Vigon International, Wilmar BioEthanol, Spectrum Chemical Manufacturing Corp, and Hydrite Chemical Co.