Caprylic Acid Market growth outlook with industry review and forecasts

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Caprylic Acid Market Analysis, Trends Forecast
to 2024 Global Market Insights Inc.
Fuel Cell Market size worth 25.5bn by 2024
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Regional Analysis of Caprylic Acid Market

• North America, led by caprylic acid market size,
  accounted for a largest chunk of the industrial
  demand in 2015. Growth in personal care and
  processed food industry should drive regional
  industry growth. It is also used as disinfectant
  in healthcare facilities, school/colleges, animal
  care/veterinary facilities, industrial
  facilities, wholesale establishments,
  hotels/motels.
• Europe caprylic acid market size, led by Germany,
  UK, Italy and France, should witness moderate
  gains throughout the forecast timeframe owing to
  growth of personal care cosmetic industry.
  Product benefits such as ability to reduce
  cellulite, wrinkle and age spots should positive
  influence regional product demand.
• Asia pacific, led by Japan, India and China
  caprylic acid market size, accounted for a
  sizeable portion of the demand in 2015.
  Pharmaceutical industry growth along with rapid
  industrialization should drive regional industry
  growth.

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Application Analysis of Caprylic Acid Market

• Caprylic acid market size from food and beverage
  applications expects significant gains over the
  forecast period. This compound is used as
  anti-microbial ingredient for food contact
  surfaces and equipment in brewery, winery, and
  meat processing plants. It stimulates hunger,
  increases appetite, maintain proper functioning
  of digestive tract and pH balance of body.
• Pharmaceutical applications has been a major
  consumer of caprylic acid market and occupies a
  sizable portion of the demand. Technological
  innovations, aging population, as well as rising
  awareness regarding generic medicine should drive
  product demand throughout the forecast period. It
  is mostly used for treatment of epilepsy, crohns
  disease, urinary tract infections, bladder
  infections and oral gingivitis.

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Competitive Market Share of Caprylic Acid Market

• Growth of personal care industry in Thailand,
  Malaysia, Indonesia and Brazil should drive
  caprylic acid market size. Rising costs of animal
  fats and vegetable oil with higher export duties
  is expected to hamper demand as feedstock for
  product formulations which can cause supply
  deficit and affect caprylic acid market price
  trend. Government based incentive plans
  encouraging growth of renewable, natural fatty
  acids should provide new avenues for product
  demand.
• Company like Solazyme Inc. developed new
  technology for production which uses algae oil as
  raw material. This oil has attributes to produce
  cost effective acid and meet growing consumer
  demand. Caprylic acid market share is moderately
  fragmented with the presence of numerous domestic
  and MNCs. Some of the industry particpants
  include Oleon, Evergreen Oleochemicals, Pacific
  Oleochemicals Sdn. Bhd, KLK Oleo and Wilmar
  International Vantage Oleochemical.

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