Global Caprylic Acid Market Size & Outlook, 2023-2030
The caprylic acid industry worldwide is expected to reach a projected revenue of US$ 9.4 million by 2030. A compound annual growth rate of 10.4% is expected of the worldwide caprylic acid industry from 2024 to 2030.
Revenue, 2023 (US$M)
$4.7
Forecast, 2030 (US$M)
$9.4
CAGR, 2024 - 2030
10.4%
Report Coverage
Worldwide
Global caprylic acid market, 2018-2030 (US$M)
Global caprylic acid market highlights
- The global caprylic acid market generated a revenue of USD 4.7 million in 2023 and is expected to reach USD 9.4 million by 2030.
- The market is expected to grow at a CAGR (2024 - 2030) of 10.4% by 2030.
- In terms of segment, personal care accounted for a revenue of USD 4.7 million in 2023.
- Personal care is the most lucrative application segment registering the fastest growth during the forecast period.
- In terms of region, North America was the largest revenue generating market in 2023.
Global data book summary
| Market revenue in 2023 | USD 4.7 million |
| Market revenue in 2030 | USD 9.4 million |
| Growth rate | 10.4% (CAGR from 2023 to 2030) |
| Largest segment | Personal care |
| Fastest growing segment | Personal care |
| Historical data covered | 2018 - 2022 |
| Base year for estimation | 2023 |
| Forecast period covered | 2024 - 2030 |
| Quantitative units | Revenue in USD million |
| Market segmentation | Personal care |
Other key industry trends
- In terms of revenue, the North America accounted for 36.5% of the global caprylic acid market in 2023.
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Caprylic Acid Market Scope
Caprylic acid market segmentation & scope
Countries
U.S.
Canada
Mexico
UK
Germany
France
Italy
Spain
China
Japan
India
South Korea
Brazil
Argentina
Saudi Arabia
South Africa
Caprylic Acid Market Companies
| Name | Profile | # Employees | HQ | Website |
|---|
Global caprylic acid market size, by regions, 2018-2030 (US$M)
Related regional statistics
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