Global caprylic acid market has registered significant growth rate on account of rising health concerns and subsequent demand for health supplements produced using organic pesticides. Caprylic acid is natural, organic oil found in palm and coconut oil and also human milk. It is recognized by the U.S. FDA (Food and Drug Administration) as an 8-fat carbon fatty acid, safe for general food preservation. Medical application of caprylic acid as health and dietary supplement has driven global market demand. Increasing awareness about reduction in cholesterol levels, increased immunity against Crohn’s disease and bacterial infections has also led to augmented caprylic acid demand.
Increasing applications in food, drugs and cosmetics are major factors driving global caprylic acid market. Highest caprylic acid demand has been witnessed in the commercial and medical sectors as a food contact surface sanitizer on account of its antimicrobial properties. Other driving factors for caprylic acid market are increasing demand for renewable & sustainable raw materials and growing federal regulations restricting usage of conventional fossil fuels. Government subsidies and incentives supplementing application of caprylic acid are also likely to enhance global market demand.
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Few factors such as nausea, constipation and heartburn associated with ingestion of caprylic acid are expected to hamper global market development. However, increasing applications in perfumeries, food and wax industries are likely to drive caprylic acid market growth in developing economies such as Asia, South America and Africa. Countries in Asia Pacific such as India, Korea and China are expected to generate high demand for caprylic acid on account of rising application in food and drug industries.
Other markets such as U.S. and Canada are also encountering increased caprylic acid demand for application in major weight loss programs, this benefiting North American market growth. Egypt, South Africa and other African countries are also likely to face rising caprylic acid demand as renewable raw material. Major Middle Eastern countries such as Saudi Arabia and UAE are projected to exhibit moderate to high caprylic acid demand in food and pharmaceuticals. Key industry players operating in the global caprylic acid market include CremerOleo, Felda, MeadWestVaco, Braido, Forchem, Arizona Chemicals, IOI and Oleon.
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