Capryloyl Glycine Market - By Purity (Between 98% - 99%, 99% and above), By Application (Cosmetics, Personal Care, Cosmetics & skin care product preservative) & Forecast, 2023-2032
Report ID: GMI5431
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Published Date: February 2023
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Report Format: PDF
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Base Year: 2022
Companies covered: 11
Tables & Figures: 373
Countries covered: 22
Pages: 245
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Capryloyl Glycine Market
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Capryloyl Glycine Market Size
Capryloyl Glycine Market size was worth USD 65 million in 2022 and is predicted to observe more than 5.5% CAGR between 2023 to 2032. Rising sales of high-quality and premium hair care and skin care products to fuel overall market growth.
The incidence of hair issues like hair fall, dandruff, dry hair, unhealthy hair, and more have drastically increased across nations worldwide. According to a study by the Australian Journal of General Practice, approximately 49% of women will experience hair loss throughout their lives, with female pattern hair loss (FPHL) being the common cause of female alopecia. Such incidences increase with age and are aggravated due to external factors like unhealthy eating habits, pollution, and stress.
With growing awareness through social media, consumers are spending heavily on hair care products that contain capryloyl glycine to counter problems associated with hair fall and dandruff. Rising sales of premium and high-quality haircare and skincare products would offer impetus to the market progress.
Certain health hazards linked with the use of capryloyl glycine would impede capryloyl glycine market share. Capryloyl glycine exhibits various hair care and skin care benefits, but the product is touted to cause irritation, allergies, respiratory issues, and asthma. However, increasing R&D efforts focused towards the formulation and development of effective skincare and hair care products should create new growth opportunities and demand for capryloyl glycine by cosmetics brands.
Capryloyl Glycine Market Analysis
Capryloyl glycine market from the 99% and above purity segment is predicted to surpass USD 80 million by 2032. This purity level of capryloyl glycine is typically used in cosmetics because it is efficient in preventing elastin from activating, which reduces wrinkles. It works in cosmetics as a conditioner and can help improve the effectiveness of cosmetic preservatives to protect the skin’s surface. Due to its effectiveness, accurate composition, and high level of purity, the demand for 99% capryloyl glycine is expected to be robust among cosmetic manufacturers.
Capryloyl glycine market share from the cosmetics application segment is estimated to surpass USD 29 million by 2032. The segment is further categorized into acne care products and anti-wrinkle products. Capryloyl glycine is useful in cosmetics items as it can maintain the pH level balance of the product and reduce microbial growth.
It is also used in acne care products and acne medications to treat mild to moderate breakouts. The ability to control excessive sebum secretion makes capryloyl glycine conducive to prevent and treat different acne problems. Steady growth in the sales of cosmetic products through online platforms would supplement market outlook.
North America capryloyl glycine market is expected to register around 5.5% CAGR between the forecast years 2023 to 2032. Shift in customer preference for cosmetic products with short drying time and higher quality has led to strong demand for capryloyl glycine in North America. The personal care products sector in the region has witness exponential growth over recent years driven by the presence of key cosmetic manufacturers and a strong consumer base.
Companies in this U.S. cosmetic sector are focusing on developing new products containing capryloyl glycine. For instance, in September 2022, TRI-K Industries, one of the leading U.S. manufacturers of actives and specialty ingredients, launched Galgaurd Tetra, an amino acid-based preservative that contains capryloyl glycineto to offer a great alternative to traditional preservatives.
Capryloyl Glycine Market Share
are the leading players in the global capryloyl glycine industry. Some of these companies are focusing on the development of new products and taking up strategic development initiatives.
Impact of COVID-19 Pandemic
The COVID-19 pandemic negatively impacted the market due to the lockdown restrictions and shut down of manufacturing and production units. Reduced sales due to widespread store closures dented the cosmetic sector on a large scale. However, a major shift in consumer preference for skincare and cosmetics products during the pandemic and rising sales through e-commerce platforms in the post-COVID-19 era is expected to the fuel the expansion of market between 2023 to 2032.
The capryloyl glycine market research report includes in-depth coverage of the industry with estimates & forecasts in terms of volume in Tons and revenue in USD Thousand from 2018 to 2032 for the following segments:
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By Purity
By Application
The above information is provided on a regional and country basis for the following: