Capryloyl glycine is a popular skincare ingredient that has gained significant attention in recent years due to its antimicrobial and anti-inflammatory properties. Capryloyl glycine is a combination of caprylic acid and glycine and is used as a preservative in various skincare and cosmetic products. The global capryloyl glycine market is expected to witness substantial growth over the forecast period from 2021-2028. In this article, we will discuss the key players, growth, and analysis of the capryloyl glycine market.
Key Players in the Capryloyl Glycine Market
The capryloyl glycine market is highly competitive and has a few key players dominating the market. The leading players in the market include:
- Ajinomoto Co., Inc.
- BASF SE
- Evonik Industries AG
- DSM Nutritional Products AG
- Kao Corporation
- Merck KGaA
- Ashland Inc.
- Innospec Inc.
- Croda International Plc
- Solvay SA
These companies are focused on product innovation, strategic partnerships, and mergers and acquisitions to maintain their market position and expand their global presence.
Growth of the Capryloyl Glycine Market
The global capryloyl glycine market is expected to grow at a CAGR of 7.8% from 2021 to 2028. The market growth is primarily driven by the increasing demand for natural and organic skincare products, the rising awareness of the harmful effects of synthetic ingredients, and the growing trend of using multi-functional skincare products.
The demand for capryloyl glycine is increasing as it is a natural and safe preservative that is effective in preventing the growth of harmful bacteria and fungi in skincare products. Additionally, capryloyl glycine has anti-inflammatory and antimicrobial properties, making it an ideal ingredient for treating acne-prone and sensitive skin.
Analysis of the Capryloyl Glycine Market
The capryloyl glycine market is segmented based on application, end-use, and region.
Based on application, the market is segmented into skincare products, hair care products, and other cosmetic products. The skincare products segment is expected to dominate the market due to the increasing demand for natural and organic skincare products.
Based on end-use, the market is segmented into commercial and personal care. The personal care segment is expected to dominate the market due to the rising demand for natural and organic personal care products.
Based on region, the market is segmented into North America, Europe, Asia Pacific, Latin America, and the Middle East and Africa. Asia Pacific is expected to dominate the market due to the increasing demand for skincare and cosmetic products and the presence of major manufacturers in the region. North America and Europe are also expected to witness substantial growth over the forecast period due to the rising awareness of the harmful effects of synthetic ingredients in personal care products.
Conclusion
The global capryloyl glycine market is expected to witness significant growth over the forecast period from 2021-2028 due to the increasing demand for natural and organic skincare products, the rising awareness of the harmful effects of synthetic ingredients, and the growing trend of using multi-functional skincare products. The market is highly competitive, with a few key players dominating the market. These players are focused on product innovation, strategic partnerships, and mergers and acquisitions to maintain their market position and expand their global presence.
Disclaimer: The views, suggestions, and opinions expressed here are the sole responsibility of the experts. No Knox Market Research journalist was involved in the writing and production of this article.
