Global “Capric Acid Market” Report 2021 (value and volume) by company, regions, product types, end industries, history data and estimate data. Also, Report contains a comprehensive analysis of the important segments like market opportunities, import/export details, market dynamics, key manufacturers, growth rate, and key regions. This report focuses on the Capric Acid in the Global market, especially in the United States, Europe, China, Japan, South Korea, North America, India. Capric Acid Market report categorizes the market based on manufacturers, regions, type, and application. Capric Acid Market reports offer a detailed assessment of the Capric Acid including enabling technologies, current market situation, market assumptions, restraining factors.
The Global Capric Acid market swot is provided for the international markets including progress trends, competitive landscape breakdown, and key in regions development status. Development policies and plans are discussed as well as manufacturing processes and cost structures are also analyzed.
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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The global Capric Acid market covers the vision of participant analysis by product types, market share, applications, sales, and revenue.
Capric Acid Market Report covers the Top Key-players in 2021:-
- Ecogreen Oleochemicals
- Henan Eastar Chemicals
- Hangzhou Oleochemicals
- IOI Oleochemicals
- KLK OLEO
- Majorhub Oleochemicals
- Temix Oleo
- VVF L.L.C.
Highlighted points of Capric Acid Market Size:
- Covers the varying market dynamics of the industry.
- In-depth analysis of market risks, opportunities, limitations, and growth of the market.
- Includes market driving and restraining factors.
- Participants profiles along with product description, overview, and business data.
- Include details of five years of forecast analysis by types, regions, and applications.
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This Capric Acid Market Research/analysis Report Contains Answers to your following Questions
- Which Manufacturing Technology is Used for Capric Acid? What Developments Are Going On in That Technology? Which Trends Are Causing These Developments?
- Who Are the Global Key Players in This Capric Acid Market? What’s Their Company Profile, Their Product Information, Contact Information?
- What Was Global Market Status of Capric Acid Market? What Was Capacity, Production Value, Cost and PROFIT of Capric Acid Market?
- What Is Current Market Status of Capric Acid Industry? What’s Market Competition in This Industry, Both Company, and Country Wise? What’s Market Analysis of Capric Acid Market by Taking Applications and Types in Consideration?
- What Are Projections of Global Capric Acid Industry Considering Capacity, Production and Production Value? What Will Be the Estimation of Cost and Profit? What Will Be Market Share, Supply and Consumption? What About Import and Export?
- What Is Capric Acid Market Chain Analysis by Upstream Raw Materials and Downstream Industry?
- What Is Economic Impact On Capric Acid Industry? What are Global Macroeconomic Environment Analysis Results? What Are Global Macroeconomic Environment Development Trends?
- What Are Market Dynamics of Capric Acid Market? What Are Challenges and Opportunities?
- What Should Be Entry Strategies, Countermeasures to Economic Impact, Marketing Channels for Capric Acid Industry?
Key Developments in the Capric Acid Market:
Reasons to Purchase this Report
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Finally, the report Global Capric Acid Market 2021 describes the Capric Acid industry expansion game plan, the Capric Acid industry knowledge supply, appendix, analysis findings, and the conclusion.
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