The glyceryl caprylate market is anticipated to secure a CAGR of 6% during the forecast period.
Sales of glyceryl caprylate are expected to rise due to a sudden increase in the cosmetics and personal care industry. In addition to this, the demand for glyceryl caprylate is rising on account of improved public awareness of the importance of personal hygiene.
| Attributes | Details |
|---|---|
| Glyceryl Caprylate Market CAGR (2022 to 2032) | 6% |
| Glyceryl Caprylate Market Value (2022 to 2032) | USD 2.4 billion |
The report sheds light on the factors improving the sales of glyceryl caprylate and, in turn, the opportunities for the market players. However, the glyceryl caprylate market also faces some challenges, which might limit the glyceryl caprylate market share from reaching its potential.
Some of the key glyceryl caprylate market trends promoting the demand for glyceryl caprylate include the changing retail market outlook owing to the surge in e-commerce.
With the strong presence of many domestic and international cosmetic product manufacturing businesses, the global market for glyceryl caprylate is expected to increase. An additional factor driving the growth of the glyceryl caprylate market is the rising demand for organic cosmetics and personal hygiene products.
The growing cosmetics and personal care industry and awareness among the population for personal hygiene are driving the sales of glyceryl caprylate globally. Glyceryl caprylate is a co-emulsifier primarily used for stabilizing oil-in-water emulsions. It is derived from various vegetable oils. Palm oil and coconut oil are commonly used resources for obtaining glyceryl caprylate. The fundamental concept of using glyceryl caprylate in cosmetics is its properties that enhance human skin features, such as regulating skin moisture, maintaining skin oils, and humidifying the skin. Glyceryl caprylate also acts as a solubilizer for synthetic materials and a viscous modifier for flavors and fragrances.
There is a trend for multi-functional end products offering several benefits in one product. This trend has propelled the glyceryl caprylate market as it not only enhances the anti-microbial effect but also provides the necessary conditioning. Glyceryl caprylate replaces many conventional thickeners and conditioners such as PQ7, guar gum, Q10, and PEG thickeners.
The compatibility of glyceryl caprylate with organic ingredients enhances the market growth as demand for natural products is increasing steadily. The market for glyceryl caprylate is estimated to grow globally with the strong presence of many domestic and international cosmetic product manufacturing brands. The increased demand for organic cosmetic and personal hygiene products is an add-on factor fueling the growth of sales of glyceryl caprylate.
In the current century, people are more aware of their looks and appearances. And the global population has an immense interest in gaining knowledge about the ingredients in the products and their effect on their skin. The functions of glyceryl caprylate, such as a surfactant and skin conditioning agent, drive the demand from the market following the factors mentioned above.
Other significant factors propelling the sales of glyceryl caprylate are a surge in the cosmetics and personal care industry and the development of new cosmetics, personal care, and fragrance products. Moreover, increased awareness among the population for personal care, urbanization, changing the retailing sector, and e-commerce are some of the factors fueling the demand for glyceryl caprylate.
Developing countries are forecasted to be the most promising regions in terms of lucrative opportunities as a result of rapid urbanization, rising disposable income of the population, and growing population. The glyceryl caprylate market is expected to have a significant impact on developing countries in terms of high revenue generation, with the sales of glyceryl caprylate rising constantly.
Glyceryl caprylate has a natural origin and is safe for baby care products also, thus, creating new opportunities. The market players are now developing products for the baby care range with glyceryl caprylate as one of the ingredients, which is expected to improve the demand for glyceryl caprylate.
North America, Japan, and Europe are the mature glyceryl caprylate markets and have a prominent market share for products containing glyceryl caprylate. As Europe has a more aging population, more anti-aging skin products are being sold with a high demand for glyceryl caprylate. Thus, the sales of glyceryl caprylate are also significantly higher in the region.
Although Japan is experiencing a similar scenario as Europe, China has more youth population. The demand for glyceryl caprylate in East Asia is estimated to be high in a specific country while slowing in another country. Also, North America has a growing aged population. Thus, the glyceryl caprylate market is eventually growing in the region.
The South Asia market for glyceryl caprylate is forecasted to be the most emerging market and a trendsetter for new products. The Middle East and Africa (MEA) are anticipated to propel the sales of glyceryl caprylate with the development of products containing the glyceryl caprylate market. The glyceryl caprylate market in Latin America is estimated to exhibit exceptional growth with increased awareness among the population for personal care.
Some of the major players in the Glyceryl Caprylate market are SkinChakra, Parchem Fine & specialty chemicals, Stepan Company, ABITEC, BOC Sciences, Kao Corporation, Kingyoung Bio Technical Co., Ltd., Tokyo Chemical Industry Co., Ltd. (TCI), INOLEX Inc., Subhash Chemical Industries Pvt Ltd., Universal Preserv-A-Chem Inc. [UPI], SpecialChem, Evonik Industries, and among others.
These key market players are estimated to enhance the sales of glyceryl caprylate with innovative product formulations and new product launches. This would be beneficial to cater to the growing demand for glyceryl caprylate.
The report consists of key players contributing to the glyceryl caprylate market share. It also consists of organic and inorganic growth strategies adopted by market players to improve their market positions. This exclusive report analyzes the competitive landscape and glyceryl caprylate market share acquired by players to strengthen their market position.
| Report Attribute | Details |
|---|---|
| The base year for estimation | 2021 |
| Historical data | 2015 to 2020 |
| Forecast period | 2022 to 2032 |
| Quantitative units | Revenue in USD Million, volume in kilotons, and CAGR from 2022 to 2032 |
| Report Coverage | Revenue forecast, volume forecast, company ranking, competitive landscape, growth factors, and trends, Pricing Analysis |
| Segments Covered | Application, end-use, form, source, sales channel, region |
| Regional scope | North America; Western Europe, Eastern Europe, Middle East, Africa, ASEAN, South Asia, Rest of Asia, Australia, and New Zealand |
| Country scope | USA; Canada; Mexico; Germany; United Kingdom; France; Italy; Spain; Russia; Belgium; Poland; Czech Republic; China; India; Japan; Australia; Brazil; Argentina; Colombia; Saudi Arabia; United Arab Emirates(UAE); Iran; South Africa |
| Key companies profiled | SkinChakra, Parchem fine & specialty chemicals, Stepan Company, ABITEC, BOC Sciences, Kao Corporation, Kingyoung Bio Technical Co., Ltd., Tokyo Chemical Industry Co., Ltd. (TCI), INOLEX Inc., Subhash Chemical Industries Pvt Ltd., Universal Preserv-A-Chem Inc. [UPI], SpecialChem, Evonik Industries |
| Customization scope | Free report customization (equivalent to up to 8 analysts' working days) with purchase. Addition or alteration to country, regional & segment scope. |
| Pricing and purchase options | Avail customized purchase options to meet your exact research needs. |
The glyceryl caprylate market is expected to register a CAGR of 6% from 2022 to 2032.
The cosmetic product sector is a key driver in the glyceryl caprylate market.
The North American region is anticipated to dominate the glyceryl caprylate market during the forecast period.
The glyceryl caprylate market is likely to hold a valuation of USD 4.30 billion by 2032.
The current valuation of the glyceryl caprylate market in 2022 is USD 2.4 billion.
Glyceryl Caprylate Market
Thank you!
You will receive an email from our Business Development Manager. Please be sure to check your SPAM/JUNK folder too.
