Capric Acid Prices Overview
In 2018, the price of Caprice acid reached 1.70 USD/Kg. In December 2023, the price was 1.78 USD/Kg.
Global Capric Acid Import (tons)
|
Region |
2018 |
2023 |
|
North America |
8,955.25 |
12,450.72 |
|
Europe |
9,257.79 |
12,897.40 |
|
Asia pacific |
3,221.35 |
5,067.37 |
|
Middle east |
1,996.78 |
2,079.50 |
Global Capric Acid Export (tons)
|
Region |
2018 |
2023 |
|
North America |
2,953.39 |
4,631.95 |
|
Europe |
1,769.15 |
3,141.77 |
|
Asia pacific |
21,890.79 |
27,688.87 |
|
Middle east |
452.37 |
611.84 |
Capric Acid Price Trend, Market Analysis, and News
Credence research’s newly published report, “Capric acid pricing report 2024: price trend, chart, news, market analysis, demand, historical and forecast data,” provides a comprehensive analysis of Capric acid pricing, focusing on global and regional trends and the key factors driving these price movements. The report includes an in-depth review of the spot price of Capric acid at major ports, with a detailed breakdown of prices including ex works, fob, and cif. It also offers a region-wise analysis of Capric acid price trends across North America, Europe, Asia pacific, Latin America, and the Middle East and Africa.
The report delves into the elements influencing Capric acid price fluctuations, such as changes in raw material costs, supply-demand dynamics, geopolitical factors, and industry-specific developments. Additionally, it incorporates the latest news, offering stakeholders up-to-date information on market shifts, regulatory changes, and technological advancements. This comprehensive overview aids in strategic decision-making and forecasting, providing valuable insights for stakeholders in the Capric acid market.
Capric Acid Market Analysis
- The Capric Acid, also known as Decanoic Acid, is experiencing steady growth due to its extensive applications in various industries. Derived primarily from coconut oil and palm kernel oil, this saturated fatty acid with a 10-carbon backbone is gaining traction for its versatile uses and benefits.
- Capric acid finds significant application in the food and beverage industry as a flavoring agent and preservative. In the pharmaceutical sector, it is used in the synthesis of esters for drug manufacturing and as a penetration enhancer in topical formulations. The cosmetics and personal care industry utilizes capric acid as an emollient and moisturizer in products like skin creams, lotions, and hair care formulations. Additionally, it is employed in the industrial sector for the production of esters used in lubricants, plasticizers, and greases.
- The rising demand for natural and organic personal care products is a major driver for the Capric acid market. Consumers’ increasing preference for eco-friendly and sustainable products is boosting the use of Capric acid in cosmetics and personal care formulations. Moreover, the expanding food and beverage industry, particularly in emerging economies, is fueling the growth.
- Continuous research and development in pharmaceutical applications of Capric acid are propelling market expansion. Its role in enhancing drug delivery and penetration in topical formulations is particularly noteworthy, making it a valuable component in the pharmaceutical industry.
- A significant trend in the Capric acid is the shift towards natural ingredients. With growing consumer awareness about the benefits of natural products, there is an increased adoption of Capric acid in various formulations. Technological advancements in extraction and processing techniques are also enhancing the purity and quality of Capric acid, broadening its application scope.
- There is a growing emphasis on sustainable and eco-friendly sourcing of capric acid from renewable resources such as coconut oil. This trend aligns with the global push towards sustainability and environmental responsibility, making Capric acid a preferred choice for many manufacturers.
- The Asia-Pacific region dominates the Capric acid market due to the abundance of raw materials, an expanding food industry, and rising demand for personal care products. North America holds a significant market share, driven by its advanced pharmaceutical sector and increasing preference for natural ingredients. Europe is also witnessing steady growth, supported by stringent regulations promoting the use of natural additives.
- The competitive landscape of the capric acid market is characterized by the presence of numerous players focusing on expanding their product portfolios and geographical reach. Companies are investing in research and development to innovate and develop new applications for capric acid, aiming to gain a competitive edge.
- There are numerous opportunities for growth in the Capric acid. Innovation in product development, particularly in the pharmaceutical and personal care sectors, can open new avenues for market expansion. Additionally, the untapped markets in regions like Latin America and Africa present significant growth potential.
Capric Acid News
The report comprehensively covers the latest developments, updates, and trends affecting the global Capric acid price, offering stakeholders timely and pertinent information. This section includes a broad spectrum of news items, such as the inauguration of new production facilities, advancements in Capric acid production technologies, strategic expansions by key industry players, and significant mergers and acquisitions that influence Capric acid price trends.
Recent developments in the Capric acid industry:
In January 2022 Gadot Biochemical Industries launched a new product called Cal2Mg. This product is a composition of calcium citrate and magnesium, created through a special granulation process with a binder. While not directly related to capric acid, this development in the biochemical industry could potentially impact the broader market that includes capric acid applications.
Product Description
Capric acid, also known as Decanoic acid, is a saturated fatty acid with a 10-carbon chain, primarily sourced from coconut oil and palm kernel oil. It typically appears as a colorless to pale yellow liquid with a mild, unpleasant odor. Capric acid is recognized for its antimicrobial properties and its versatility in various industrial applications.
In the food and beverage industry, capric acid serves as a flavoring agent and preservative, enhancing the shelf life and taste of food products. Its antimicrobial properties help in maintaining the quality and safety of these products. In pharmaceuticals, capric acid is essential for the synthesis of esters used in drug manufacturing. It acts as a penetration enhancer in topical formulations, improving the delivery of active pharmaceutical ingredients through the skin.
In the cosmetics and personal care industry, capric acid is widely used as an emollient and moisturizer in skin creams, lotions, and hair care products. Its ability to help maintain moisture and improve the texture of formulations makes it a valuable ingredient in personal care products. Additionally, capric acid finds significant use in the industrial sector, particularly in the production of esters for lubricants, plasticizers, and greases. These esters play a crucial role in enhancing the performance and longevity of various industrial products.
Regional Coverage of Capric Acid Price
North America Capric Acid Price
In North America, the capric acid price has experienced a steady increase in both import and export volumes, from a total of 11,908.64 tons in 2018 to 17,082.67 tons in 2023. This growth reflects robust demand for capric acid in various industries, particularly in the production of lubricants and cosmetics. The increased import volume, rising from 8,955.25 tons in 2018 to 12,450.72 tons in 2023, suggests a rising consumption rate, typically putting upward pressure on prices due to higher demand. Simultaneously, the substantial increase in export volume, from 2,953.39 tons in 2018 to 4,631.95 tons in 2023, indicates strong production capabilities, which could moderate price hikes by ensuring supply meets both local and international demand effectively.
Europe Capric Acid Price
Europe presents a similar upward trend in both imports and exports of capric acid, with figures rising from a total of 11,026.94 tons in 2018 to 16,039.17 tons in 2023. The European market’s growth can be attributed to the expanding cosmetics and personal care industries, which heavily utilize capric acid for its emollient properties. As a result, prices in Europe have likely seen a consistent increase due to heightened demand. The region’s ability to balance imports with exports ensures a stable supply chain, mitigating extreme price volatility despite growing consumption rates.
Sustainability analysis including environmental impact and eco-friendly alternatives and regulations
Capric acid production, primarily derived from natural sources like coconut oil and palm kernel oil, poses several sustainability concerns. The environmental impact is significant, particularly with the cultivation of palm oil, which is associated with deforestation, loss of biodiversity, and greenhouse gas emissions. These practices contribute to habitat destruction and climate change, raising alarms about the long-term viability of traditional capric acid sources.
Eco-friendly alternatives to conventional capric acid production are gaining attention. Biotechnological advancements offer sustainable solutions through microbial fermentation processes. These methods can produce capric acid with lower environmental footprints, reducing reliance on deforestation-prone crops. Additionally, sourcing capric acid from sustainably managed plantations certified by organizations like the Roundtable on Sustainable Palm Oil (RSPO) can mitigate some environmental impacts.
Regulations play a crucial role in promoting sustainable capric acid production. Governments and international bodies are increasingly implementing stringent environmental guidelines and sustainability standards for the chemical and agricultural sectors. Policies incentivizing the use of renewable resources, reducing carbon emissions, and protecting ecosystems are vital. Adherence to these regulations ensures that capric acid production aligns with global sustainability goals, fostering a more environmentally responsible industry.
Report details
| Key attributes | Details |
| Product name | Capric acid |
| Report features | Exploration of historical trends and market outlook industry demand industry supply gap analysis challenges Capric acid price analysis and segment-wise assessment. |
| Currency/units | Us$ (data can also be provided in local currency) or metric tons |
| Region/countries covered | The current coverage includes analysis at the global and regional levels only. Based on your requirements, we can also customize the report and provide specific information for the following countries: Asia Pacific: China, India, Indonesia, Pakistan, Bangladesh, Japan, the Philippines, Vietnam, Thailand, South Korea, Malaysia, Nepal, Taiwan, Sri Lanka, Hong Kong, Singapore, Australia, and New Zealand. Europe: Germany, France, the United Kingdom, Italy, Spain, Russia, Turkey, the Netherlands, Poland, Sweden, Belgium, Austria, Ireland, Switzerland, Norway, Denmark, Romania, Finland, the Czech Republic, Portugal, and Greece. North America: the United States and Canada Latin America: Brazil, Mexico, Argentina, Colombia, Chile, Ecuador, and Peru Middle East and Africa: Saudi Arabia, UAE, Israel, Iran, South Africa, Nigeria, Oman, Kuwait, Qatar, Iraq, Egypt, Algeria, and Morocco note: the list of countries presented is not exhaustive. Information on additional countries can be provided if required by the client. |
| Information covered for key suppliers | Company overview business description product portfolio recent trends and developments |
| Customization scope | The report can be customized as per the requirements of the customer |
| Report price and purchase option | Plan A: monthly updates; annual subscription scope historical data for the current month forecast for next month total deliverables per year: 12 (one per month) includes: one pdf and one Excel datasheet per month post-purchase analyst support throughout the year Plan B: quarterly updates; annual subscription scope historical data for the current quarter forecast for the next quarter Total deliverables per year: 4 (one per quarter) includes: one pdf and one Excel datasheet per quarter post-purchase analyst support throughout the year Plan C: biannually updated updates; annual subscription scope historical data for the current half forecast for the next half total deliverables per year: 2 (one per 6 months) includes: one pdf and one Excel datasheet per half post-purchase analyst support throughout the year |
| Post-sale analyst support | 360-degree analyst support after report delivery |
| Delivery format | Pdf and excel through email (we can also provide the editable version of the report in ppt/word format on special request) |
Key benefits for stakeholders:
- Credence research’s report provides an in-depth analysis of Capric acid pricing, including global and regional trends, spot prices at key ports, and detailed ex works, fob, and cif price breakdowns.
- The study explores factors influencing the Capric acid price trend, such as raw material costs, supply-demand changes, geopolitical impacts, and industry developments, to offer valuable insights for informed decision-making.
- The competitive landscape review offers stakeholders essential insights into the latest market news, regulatory changes, and technological advancements, providing a comprehensive, strategic overview for forecasting and planning.
- Credence research offers various subscription options—monthly, quarterly, and biannual updates—enabling clients to stay updated with the latest market trends, ongoing developments, and extensive market insights. The Capric acid price charts ensure our clients remain industry leaders.
