Caprylic Capric Triglycerides Market Size, Share & Trends | 2022-27

Market Overview:

Over the course of the forecast period, the global market for caprylic/capric triglycerides is anticipated to grow at a CAGR of over 4%. (2021–2026).

COVID-19 had a negative effect on the market in 2020. Lipstick, eyeliner, cream- and liquid-based foundations, moisturising face creams, sunscreens, eye creams, anti-aging serums, and other cosmetics products all contain caprylic/capric triglycerides. The cosmetics and makeup industry suffered the most during the lockdown in the pandemic because fewer people were choosing to visit salons or planning to do such tasks at home. For instance, according to L’Oreal, the global revenue from the cosmetics market fell by 8% in 2020 compared to 2019 and totaled EUR 213 billion.

Scope of the Report:

A compound called caprylic/capric triglyceride is created by combining fatty acids with natural oils like glycerin and coconut oil. It can be utilised in a variety of cosmetic and personal care products as an emollient, solvent, dispersing agent, and antioxidant. The caprylic/capric triglycerides market is divided into regions and end-user industries. The market is divided into four categories according to end-user industry: pharmaceuticals, food and beverage, cosmetics and personal care, and other end-user industries. The market size and forecasts for caprylic/capric triglycerides in 15 countries across major regions are also covered in the report. The market sizing and forecasting for each segment have been done based on revenue (USD million).

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