PUNE,India, December 16, 2016 /PRNewswire/ --
The report "Caprylic/Capric Triglycerides Market by Application (Personal Care, Food & Beverages, Pharmaceuticals, and Industrial & Others), and Region (Asia-Pacific, Europe, North America, Latin America, and Middle East & Africa) - Global Forecast to 2026", published by MarketsandMarkets, the market is projected to reach USD 913.4 Million by 2026, at a CAGR of 5.9% from 2016 to 2026.
Browse 43 market data Tables and 56 Figures spread through 122 Pages and in-depth TOC on "Caprylic/Capric Triglycerides Market"
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Growing usage of chemical lubricant as skin protector, especially in personal care and growing usage of caprylic/capric triglycerides in food & beverages as an ingredient are fueling the growth of caprylic/capric triglycerides market. This growth can be attributed to the increasing demand for caprylic/capric triglycerides in food & beverages, personal care, pharmaceuticals, and other industries worldwide.
Food & beverages application segment is expected to lead the caprylic/capric triglycerides market by 2026
Based on application, the food & beverages application segment of the caprylic/capric triglycerides market is expected to account for a major share in 2016, followed by personal care, and industrial & other application segment. Growing usage of safe ingredients, especially in food & beverages and personal care is fueling the demand for caprylic/capric triglycerides. Caprylic/Capric Triglycerides is a trimester, which is available in form of liquid. Caprylic/Capric Triglyceride, owing to its excellent properties of longer shelf life, less toxicity, and a safe ingredient, is widely preferred as an ingredient in food & beverages products.
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The Asia-Pacific is expected to lead the caprylic/capric triglycerides market during the forecast period
Asia-Pacific is estimated to account for the largest share of the Caprylic/Capric Triglycerides Market in 2016, followed by Europe and North America. China is one of the major consumers of caprylic/capric triglycerides in the Asia-Pacific region. Growing usage of caprylic/capric triglycerides in food & beverages and personal care, increasing investments in industrial & other applications, growing economies, and increasing domestic consumption are anticipated to drive the demand for caprylic/capric triglycerides in the Asia-Pacific region.
Major market players covered in this report are Croda International plc (U.K.), Oleon NV (Belgium), Ecogreen Oleochemicals (Singapore), Peter Cremer North America (U.S), IOI Oleo GmbH (Germany), KLK Oleo (Malaysia), Oxiteno (Brazil), and BERG + SCHMIDT GmbH & CO. (Germany).
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This report offers an overview of market trends, drivers, and barriers with respect to the caprylic/capric triglycerides market. It also provides a detailed overview of the market across five regions, namely, Asia-Pacific, North America, Europe, Middle East & Africa, and Latin America. The report categorizes the caprylic/capric triglycerides market on the basis of application and region. A detailed analysis of leading players, along with key growth strategies adopted by them, is also covered in this report.
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