Sodium Caprylate Market size was valued at USD 28.2 Million in 2023 and is predicted to cross USD 59.5 Million by the end of 2036, expanding at more than 7% CAGR during the forecast period i.e., between 2024-2036. In the year 2024, the industry size of sodium caprylate is evaluated at USD 30.2 Million.
The growing need for food safety will likely create a higher demand for safe food preservatives like sodium caprylate commonly utilized in food products as an emulsifier and binder, and to improve product stability and prevent the growth of microorganisms.
According to the United Nations, it is estimated that 600 million cases of foodborne diseases occur each year, posing a hazard to human health and economies.
Growth Drivers
Challenges
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Base Year |
2023 |
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Forecast Year |
2024-2036 |
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CAGR |
7% |
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Base Year Market Size (2023) |
USD 28.2 Million |
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Forecast Year Market Size (2036) |
USD 59.5 Million |
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Regional Scope |
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Form (Powder, Liquid)
Powder segment is anticipated to dominate sodium caprylate market share of over 70% by 2036. The segment growth can be accredited to the growing cases of nutritional deficiencies. Inadequate food intake, poor nutritional absorption, and consumption of diets deficient in some important nutrients may cause deficiencies among young children and adults who may exhibit a variety of symptoms such as slow growth and low vitality. For instance, more than 25% of the world's population is thought to be deficient in one or more essential micronutrients.
These deficiencies can be met using sodium caprylate NF/EP powder an off-white powder that can be added to tablets as a dietary supplement to help with libido and muscular growth.
Application (Food and Beverage, Pharmaceuticals, Personal Care and Cosmetics, Industrial)
By 2036, personal care and cosmetics segment in the sodium caprylate market is expected to exceed USD 9 Million. The growing personal care and cosmetics sectors are the main drivers of the segment's growth. The market for cosmetics and personal hygiene is expanding yearly led by the increase in purchasing power and the growing consciousness among consumers regarding general well-being and self-care. For instance, the global market for beauty and personal care would bring in over USD 645 billion by 2024.
These factors have led to an increase in demand for sodium caprylate as it can operate as an emulsifier and surfactant when employed as a cosmetic ingredient, and also possesses antibacterial properties.
Grade (Food, Pharmaceutical, Industrial)
During 2024-2036, food segment in the sodium caprylate market is expected to grow at CAGR of more than 8% owing to the growing need for food additives. It is predicted that between 2020 and 2025, the global consumption of food additives will increase at an average annual rate of more than 2%.
Moreover, sodium caprate is one of the compounds that can be added to food to improve its color, flavor, or texture, or to keep it fresh. Sodium caprylate is often found in cosmetics like lotions, creams, and shampoos, and is highly sought after on the global market because of its excellent efficacy, environmental friendliness, and purity.
Our in-depth analysis of the sodium caprylate market includes the following segments:
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Application |
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Grade |
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Form |
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North American Market Statistics
North America region in sodium caprylate market is predicted to hold more than 40% revenue share by 2036. The market growth in the region is also expected on account of rising disposable income. As a result, more and more individuals in the region are spending money on beautifying themselves, which is fueling an increase in the sodium caprylate market.
Additionally, spending on health care increased by around 4% in the United States in 2022. This may create a higher demand for medication supplements containing sodium caprylate.
The animal feed business in Canada is expected to expand rapidly since it is an essential part of the nation's agricultural sector, supporting the sustainability and productivity of animals. As a consequence, the demand for sodium caprylate may substantially rise as it is added to the feed as a growth promoter and to control microbial contamination.
APAC Market Analysis
The Asia Pacific region will also encounter massive growth for the sodium caprylate market through 2036 propelled by the increasing livestock farming in this region. Both for economic growth and the way of life of farmers in developing Asian nations, livestock is essential, leading to huge demand for sodium caprylate which acts as a preservative in feed and aids in enhancing animal performance.
Japan’s expanding online retail is driving optimistic growth in the Japanese market for beauty and personal care products, which is foreseen to fuel sodium caprylate market demand. The Japanese eCommerce market is predicted to grow by 6% in 2024, which will add to the 10% global growth rate that year.
China continues to outpace all other countries in its rapidly expanding chemical sector, which is currently the largest in the world.
Furthermore, more than 85% of the oil palm trees in the world are planted on a small number of Malaysian and Indonesian islands. Since sodium caprylate is a byproduct of palm oil therefore its demand may rise in the region.
The sodium caprylate market consists of many key players who are launching various strategic initiatives to expand their market position in the industry.
Author Credits: Rajrani Baghel
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