Capric Acid Market research report (2018 – 2023) studies market insights, List of major Key players, buyers, threats of new entrants and substitute products. Also, Capric Acid market includes the various market dynamics like Drivers, Restraints, and Opportunities globally. The research report involved the various affecting factors like market growth, market share, competitive intelligence and growth opportunity.
“Capric Acid Market report is expected to register a CAGR of 7.9% over a five years forecast period.”
List of Major Key players operating in the Global Capric Acid Market are –
- Ecogreen Oleochemicals
- Henan Eastar Chemicals
- Hangzhou Oleochemicals
- IOI Oleochemicals
- KLK OLEO
- Majorhub Oleochemicals
- Temix Oleo
- VVF L.L.C.
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The global capric acid market is expected to grow at a CAGR of 7.9% during the forecast period 2018-2023 due to the increase in demand from various end-user industries, from the food & beverage industry to cosmetics and pharmaceutical industries.
Capric acid, also known as decanoic acid, is a medium-chain saturated fatty acid naturally found in animal fats, milk of goats and cows, and plant oils such as palm (3.7%) and coconut oil (5.4%). It has high market value, owing to its wide range of end-user applications. It is mainly used in the preparation of artificial food flavors, which by itself is a large market.
Rising Demand for Processed Foods Driving the Market
Increasing consumption of the processed and packaged food products has fostered the demand for new artificial flavoring and coloring agents. Capric acid is used for producing esters for color, artificial flavoring, and aroma. Capric acid acts as an antimicrobial agent and is therefore, used in commercial food handling. Capric acid is widely used in wineries, breweries, and meat processing industries. The growth of the food & beverage industry is expected to drive the market for capric acid.
New sources of raw materials can provide a lucrative opportunity for the capric acid market. The use of decanoate ester, a derivative of capric acid, in various injectable drugs will further boost capric acid usage in the pharmaceutical Industry. Prominent pharmaceutical companies intend to use the capric acid found in coconut oil to manufacture drugs for diabetic patients, which is a major opportunity for the capric acid market.
The global market for capric acid is segmented based on source, application and geography. Capric acid has various applications in the food and beverages industry such as flavor fixation, bacterial sterilization, stabilization, flavor enhancement, and adjustment of acid levels. Therefore, it is frequently used in ice creams, desserts, canned, sauces, cake mixes, baked goods, packaged vegetables, frozen fish and fruits, products, puddings, and cheese products. Further, it also finds application in the beverage products, from fruit juices to wine.
At 35% of the market share, the Asia-Pacific region exhibited itself as the fastest growing market in capric acid during the forecast period. Most of the global manufacturers are focusing on investments in the Asia-Pacific region due to strong opportunities in the artificial flavoring, color, and aroma in the backdrop of rapidly growing processed food industry.
China, Japan, and India are the leading producers of food products, such as meat and meat products and oils and fats, giving a further boost to the market for capric acid in this region. The availability of raw materials is one of the major factors contributing to the extensive growth of the capric acid market in the region. Europe, followed by North America, is exhibiting promising growth for the capric acid market. However, the increasing demand for products with natural content is likely to curb growth in the North American region.
• June 2015 – Univar USA, Inc. acquired Chemical Associates to foster the development of innovative products and optimization of chemical manufacturing methods.
• March 2018 – Omega-3 specialist Coromega launched its first products specifically positioned for sports which contain 1800 mg of capric acid for sustained energy following work-out.
Major players – ACME-HARDESTY, ECOGREEN OLEOCHEMICALS, HENAN EASTAR CHEMICALS, HANGZHOU OLEOCHEMICALS, IOI OLEOCHEMICALS, KLK OLEO, MAJORHUB OLEOCHEMICALS, P&G, TEMIX OLEO, UNIVAR, VVF L.L.C., among others.
Reasons to Purchase this Report
• Analyzing outlook of the market with the recent trends and Porters five forces analysis
• Market dynamics, which essentially consider the factors, which are impelling the present market scenario, along with growth opportunities of the market in the years to come
• Market segmentation analysis, including qualitative & quantitative research incorporating the impact of economic & non-economic aspects
• Regional and Country level analysis integrating the demand and supply forces that are influencing the growth of the market
• Competitive landscape involving the market share of major players, along with the key strategies adopted for development in the past five years
• Comprehensive company profiles covering the product offerings, key financial information,
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Global Capric Acid Market: Regional Segment Analysis (Regional Production Volume, Consumption Volume, Revenue and Growth Rate 2018-2023):
- North America (United States, Canada and Mexico)
- Europe (Germany, UK, France, Italy, Russia, Spain and Benelux)
- Asia Pacific (China, Japan, India, Southeast Asia and Australia)
- Latin America (Brazil, Argentina and Colombia)
- The Middle East and Africa
Key Questions Answered About Capric Acid Market:
- What is the market size and growth rate of the global and regional market by various segments?
- What is the market size and growth rate of the Capric Acid market for selective countries?
- Which region or sub-segment is selected is expected to drive the market in the forecast period?
- What factors are estimated to drive and restrain the market growth?
- What are the key technological and Capric Acid market trends shaping the market?
- What are the key companies operating in the market?
- Which company accounted for the highest market share?
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Reasons to Purchase Capric Acid Market Report:
- The report analyses how stringent emission control norms will drive the global Capric Acid market.
- Analyzing various perspectives of the market with the help of Porter’s five forces analysis.
- Study on the product type that is expected to dominate the market.
- Study on the regions that are expected to witness the fastest growth during the forecast period.
- Identify the latest developments, market shares and strategies employed by the major Capric Acid market players.
- 3 months’ analyst support along with the Market Estimate sheet (in excel).
Scope of the Report:
The report analyses Capric Acid market, which includes –
- Analysis of the growth of Capric Acid market in global and regional level including Asia-Pacific, Americas, and EMEA.
- The report provides Capric Acid market analysis for key countries including the US, Canada, Chile, China, India, Japan, the UK, Germany, France, and Italy.
- The report offers country level Capric Acid market volume and value by end-user segment for the period 2012-2023.
- Qualitative analysis of key market drivers and restraints, and analysis of their impacts on Capric Acid market are discussed.
- The report provides competitive landscape at country level for the year 2018. It also covers key policies and initiatives, key deals, and key upcoming projects.
Look into Table of Content of Capric Acid Market Report @ https://www.360marketupdates.com/TOC/12886696#TOC
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