Capryloyl glycine is a derivative of glycine, a naturally occurring amino acid that is widely used in the personal care and cosmetic industry. Capryloyl glycine is an effective ingredient used in skin care products owing to its antibacterial, anti-inflammatory, and moisturizing properties. It is also used as a preservative in personal care and cosmetic products. The global capryloyl glycine market is expected to witness significant growth during the forecast period from 2021 to 2028.
Market Size and Growth
The global capryloyl glycine market size was valued at USD 22.3 million in 2020 and is expected to grow at a CAGR of 5.6% during the forecast period. The growth of the market can be attributed to the increasing demand for personal care and cosmetic products globally. The demand for natural and organic personal care products is also driving the market growth as capryloyl glycine is a naturally derived ingredient.
Trends and Drivers
The increasing awareness regarding the harmful effects of synthetic ingredients on skin and hair is driving the demand for natural and organic personal care products. Capryloyl glycine is a naturally derived ingredient that has antimicrobial properties and is used in the manufacturing of natural and organic personal care products. The increasing consumer demand for natural and organic products is driving the growth of the capryloyl glycine market.
The use of capryloyl glycine as a preservative in personal care and cosmetic products is also driving the market growth. Capryloyl glycine is a broad-spectrum preservative that is effective against bacteria and fungi. The use of capryloyl glycine in personal care and cosmetic products helps to extend their shelf life and prevent the growth of bacteria and fungi.
The growth of the e-commerce industry is also driving the growth of the capryloyl glycine market. The increasing popularity of online shopping has led to the growth of the personal care and cosmetic industry. The convenience of online shopping and the availability of a wide range of products is driving the demand for personal care and cosmetic products, which in turn is driving the demand for capryloyl glycine.
The availability of raw materials and the cost of production are some of the factors that are expected to impact the growth of the capryloyl glycine market. The availability of raw materials at competitive prices is important for the manufacturing of capryloyl glycine. The cost of production also plays a significant role in determining the price of capryloyl glycine.
Key Players
Some of the key players operating in the capryloyl glycine market include Croda International Plc, Evonik Industries AG, Merck KGaA, Clariant AG, and BASF SE. These companies are focusing on product innovation and expansion of their product portfolio to cater to the growing demand for capryloyl glycine.
Conclusion
The global capryloyl glycine market is expected to witness significant growth during the forecast period from 2021 to 2028. The increasing demand for natural and organic personal care products, the use of capryloyl glycine as a preservative in personal care and cosmetic products, the growth of the e-commerce industry, and the availability of raw materials and cost of production are some of the factors that are expected to drive the market growth. Key players in the market are focusing on product innovation and expansion of their product portfolio to cater to the growing demand for capryloyl glycine.
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