North America Caprylic Acid Market Size & Outlook
The caprylic acid market in North America is expected to reach a projected revenue of US$ 3.6 million by 2030. A compound annual growth rate of 11% is expected of North America caprylic acid market from 2024 to 2030.
Revenue, 2023 (US$M)
$1.7
Forecast, 2030 (US$M)
$3.6
CAGR, 2024 - 2030
11.3%
Report Coverage
North America
North America caprylic acid market, 2018-2030 (US$M)
North America caprylic acid market highlights
- The North America caprylic acid market generated a revenue of USD 1.7 million in 2023.
- The market is expected to grow at a CAGR of 11% from 2024 to 2030.
- In terms of segment, personal care was the largest revenue generating application in 2023.
- Personal care is the most lucrative application segment registering the fastest growth during the forecast period.
North America data book summary
| Market revenue in 2023 | USD 1.7 million |
| Market revenue in 2030 | USD 3.6 million |
| Growth rate | 11% (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, North America region accounted for 36.5% of the global caprylic acid market in 2023.
- Globally, North America is projected to lead the regional market in terms of revenue in 2030.
- Asia Pacific is the fastest growing regional market and is projected to reach USD 2.7 million by 2030.
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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 |
|---|
North America caprylic acid market
Related regional statistics
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