PUBLISHER: The Business Research Company | PRODUCT CODE: 1465686
PUBLISHER: The Business Research Company | PRODUCT CODE: 1465686
Caprylyl glycol stands as a multifaceted cosmetic ingredient renowned for its role as a humectant, moisturizer, and preservative enhancer in skincare and personal care formulations. Derived from caprylic acid, a naturally occurring substance found in coconut and palm oils, it aids in stabilizing products, thwarting microbial growth, and bestowing a luxurious, silky texture upon the skin.
The primary categories of caprylyl glycol include cosmetic grade and industrial grade variants. Cosmetic grade caprylyl glycol serves as a versatile compound esteemed within the cosmetic industry for its preservation and stabilization attributes. Widely employed in an array of products spanning haircare, skincare, toiletries, makeup, and color cosmetics, these formulations cater to pharmaceutical, cosmetic, personal care, and industrial sectors.
The caprylyl glycol market research report is one of a series of new reports from The Business Research Company that provides caprylyl glycol market statistics, including caprylyl glycol industry global market size, regional shares, competitors with a caprylyl glycol market share, detailed caprylyl glycol market segments, market trends and opportunities, and any further data you may need to thrive in the caprylyl glycol industry. This caprylyl glycol market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenario of the industry.
The caprylyl glycol market size has grown strongly in recent years. It will grow from $1.47 billion in 2023 to $1.59 billion in 2024 at a compound annual growth rate (CAGR) of 7.9%. The expansion observed during the historic period can be attributed to several factors, including the rising demand for skincare products, the increasing popularity of organic cosmetics, growing consumer preference for natural preservatives, demand emanating from various end-use industries, and the overall expansion of the beauty and personal care industry.
The caprylyl glycol market size is expected to see strong growth in the next few years. It will grow to $2.05 billion in 2028 at a compound annual growth rate (CAGR) of 6.5%. The anticipated growth in the forecast period can be attributed to several factors, including the increasing popularity of natural cosmetics, rising awareness of product safety among consumers, a growing trend towards clean beauty products, the recognized benefits of utilizing caprylyl glycol in various applications, and the rising demand for skincare treatments. Key trends expected during this period include expansion into emerging markets, an increase in production capacity to meet growing demand, technological advancements in the manufacturing and utilization of caprylyl glycol, innovation in formulations to cater to evolving consumer preferences, and a heightened focus on ethical and sustainable sourcing practices within the industry.
The increasing consumer demand for natural and organic cosmetics is poised to propel the growth of the caprylyl glycol market in the foreseeable future. Natural and organic cosmetics encompass beauty and personal care products crafted with natural ingredients and devoid of synthetic chemicals, artificial preservatives, or genetically modified organisms (GMOs). This heightened demand stems from consumers' prioritization of clean, sustainable, and environmentally friendly products in their beauty regimens. Caprylyl glycol, derived from renewable sources such as coconut oil, is a key ingredient in natural and organic cosmetics due to its versatile properties, including moisturization and product preservation capabilities. For example, the annual organic beauty and wellbeing report by the Soil Association revealed a 15% growth in sales of Soil Association-certified organic and natural beauty and wellbeing products in the UK, reaching approximately $170 million in 2021. Consequently, the surging demand for natural and organic cosmetics is fostering the expansion of the caprylyl glycol market.
Leading companies in the caprylyl glycol market are pioneering innovative formulations, such as bio-based glycol, to enhance the natural origin index of personal care products. Bio-based glycol, derived from renewable biological sources rather than conventional fossil fuels, represents a sustainable alternative. For instance, Symrise AG introduced Hydrolite 8 Green in April 2022, a 100% bio-based caprylyl glycol sourced from palm kernel oil. This sustainable ingredient not only mirrors the properties of its synthetic counterpart but also offers moisturizing benefits, improves sensory profiles, acts as a wetting agent, and enhances product protection in cosmetic formulations. Hydrolite 8 Green embodies a sustainable solution for formulators seeking multifunctional ingredients with superior performance and eco-friendly attributes, aligning with the growing consumer preference for natural and sustainable cosmetics.
In April 2021, Ashland Inc., a US-based specialty chemicals solutions company, successfully acquired the personal care business of Schulke & Mayr GmbH for approximately $284.06 million. This strategic acquisition is intended to fortify Ashland's natural cosmetic business portfolio and bolster its position in specialty additives within the personal care sector. Additionally, the move aligns with Ashland's commitment to advancing its environmental, social, and governance (ESG) goals. Schulke & Mayr GmbH, headquartered in Germany, is a company specializing in providing infection prevention and hygiene solutions, along with caprylyl glycol medical skincare products.
Major companies operating in the caprylyl glycol market are Archer Daniels Midland Company, BASF SE, Dow Inc., LyondellBasell Industries N.V., Merck KGaA, Evonik Industries AG, DuPont de Nemours Inc., Huntsman Corporation, Avantor, Lonza Group AG, Lubrizol Corporation, Clariant AG, Symrise AG, Croda International Plc, Ashland Global Holdings Inc., Innospec Inc., Galaxy Surfactants Ltd., Thor Specialties, Schulke & Mayr GmbH, Spectrum Chemical Manufacturing Corp., Colonial Chemical Inc., Hallstar Company, INOLEX Inc., Floratech, Tri-K Industries Inc., Lotioncrafter LLC, The Good Scents Company, Pilot Chemical Company
North America was the largest region in the caprylyl glycol market in 2023. The regions covered in the caprylyl glycol market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
The countries covered in the caprylyl glycol market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA, Canada, Italy, Spain.
The caprylyl glycol market consists of sales of moisturizers and serums, shampoos, and conditioners. Values in this market are 'factory gate' values, that is, the value of goods sold by the manufacturers or creators of the goods, whether to other entities (including downstream manufacturers, wholesalers, distributors, and retailers) or directly to end customers. The value of goods in this market includes related services sold by the creators of the goods.
The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD, unless otherwise specified).
The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products.
Caprylyl Glycol Global Market Report 2024 from The Business Research Company provides strategists, marketers and senior management with the critical information they need to assess the market.
This report focuses on caprylyl glycol market which is experiencing strong growth. The report gives a guide to the trends which will be shaping the market over the next ten years and beyond.
Where is the largest and fastest growing market for caprylyl glycol ? How does the market relate to the overall economy, demography and other similar markets? What forces will shape the market going forward? The caprylyl glycol market global report from the Business Research Company answers all these questions and many more.
The report covers market characteristics, size and growth, segmentation, regional and country breakdowns, competitive landscape, market shares, trends and strategies for this market. It traces the market's historic and forecast market growth by geography.
The impact of sanctions, supply chain disruptions, and altered demand for goods and services due to the Russian Ukraine war, impacting various macro-economic factors and parameters in the Eastern European region and its subsequent effect on global markets.
The impact of higher inflation in many countries and the resulting spike in interest rates.
The continued but declining impact of COVID-19 on supply chains and consumption patterns.