Caprylyl Glycol Market Size & Growth Analysis to 2030

Key Findings:

• The market size was valued at over US$ 1.5 Bn in 2023 and registering a significant growth rate of ~ 6.5% by 2030
• By application, the skincare products segment dominated the market in the benchmark year 2023 with a significant market share of over 1/3 market
• Geographically, North America is accounted to hold the largest market share in the benchmark year 2023 and expected to grow at the same trend by 2030

The global caprylyl glycol market size was valued at over USD 1.5 billion in 2023 and expected to grow at a significant CAGR of around 6.5% during the forecast period from 2024 to 2030. The market is driven by the increasing demand for personal care and cosmetic products. As a multifunctional ingredient, caprylyl glycol serves as a humectant, skin-conditioning agent, and preservative, making it highly sought after in the formulation of skincare, haircare, and cosmetic products. The growing consumer awareness of skincare and the rising trend towards natural and clean-label cosmetics further boost the demand for caprylyl glycol, as it is often used in formulations that cater to these preferences. Additionally, the expansion of the beauty and personal care industry in emerging economies, particularly in the Asia-Pacific region, contributes to the market’s growth as more consumers in these regions adopt Western beauty standards and products.

Another significant driving factor is the increasing application of caprylyl glycol in pharmaceuticals and industrial sectors. In pharmaceuticals, it is used as an antimicrobial agent, which is crucial for the preservation of various products. The rising demand for effective antimicrobial agents in topical medications and formulations also drives the market. Moreover, in industrial applications, caprylyl glycol is used in coatings, adhesives, and other products that require antimicrobial properties. The versatility of caprylyl glycol across multiple industries and its effectiveness as a multifunctional ingredient make it a key component in various formulations, thereby driving its market growth.

Market Snapshot:

To know more about the research study, request sample papers

Market Trends:

Shift Towards Natural and Sustainable Ingredients: Consumers are increasingly prioritizing products that are derived from natural and sustainable sources, driven by a growing awareness of environmental issues and the desire for healthier, safer options in personal care. This trend has led to a rising demand for caprylyl glycol, as it is often sourced from renewable plant-based materials. Its natural origin and gentle profile make it an appealing ingredient for brands looking to align with the “green beauty” movement, which emphasizes the use of eco-friendly, non-toxic ingredients.

Rising Popularity in Clean-Label Products: The clean-label movement, which focuses on transparency and the use of simple, recognizable ingredients, has gained significant traction in the personal care industry. Caprylyl glycol is increasingly being used in clean-label skincare and cosmetic products because it meets consumer demands for purity and efficacy without compromising safety. As more consumers scrutinize ingredient lists and seek out products free from synthetic chemicals, caprylyl glycol’s reputation as a clean and effective ingredient is driving its adoption.

Adoption of Multifunctional Ingredients: In the quest for efficiency and simplicity, both consumers and manufacturers are gravitating towards multifunctional ingredients that can serve multiple purposes within a single formulation. Caprylyl glycol exemplifies this trend, as it functions as a humectant, drawing moisture into the skin; an emollient, softening and smoothing the skin; and a preservative, extending the shelf life of products. This versatility not only reduces the need for additional ingredients but also aligns with the growing trend towards minimalist skincare routines.

Minimalistic Formulations: Modern consumers are increasingly embracing minimalism in their beauty routines, favoring products with fewer ingredients that still deliver effective results. Caprylyl glycol’s ability to perform multiple roles within a product makes it an ideal choice for these streamlined formulations. This trend is especially prevalent in the skincare industry, where brands are formulating products that are straightforward yet powerful, catering to consumers who prefer simplicity over complexity.

Market Opportunities:

The caprylyl glycol market presents significant opportunities driven by the expanding global demand for personal care products, particularly in emerging markets. As economies in regions like Asia-Pacific and Latin America continue to grow, there is an increasing appetite for high-quality skincare and cosmetic products. This shift offers a prime opportunity for manufacturers to capitalize on the rising consumer awareness and preference for effective, multifunctional ingredients. The growing middle class in these regions, coupled with increased spending on beauty and personal care, creates a fertile ground for the expansion of caprylyl glycol in various product formulations. Moreover, as more international brands enter these markets, the demand for reliable and versatile ingredients like caprylyl glycol is expected to surge.

Another key opportunity lies in the clean beauty and natural skincare trends, which continue to gain momentum globally. Consumers are increasingly looking for products that align with their values, such as sustainability, transparency, and minimalism. Caprylyl glycol, being a naturally derived ingredient with multifunctional properties, fits well into these trends. There is a growing opportunity for innovation in product formulations that leverage caprylyl glycol’s benefits, such as combining it with other natural ingredients to create more holistic skincare solutions. Additionally, the push for safer preservatives in cosmetics, driven by regulatory changes and consumer demand, further enhances the market potential for caprylyl glycol as a preferred ingredient in preserving product integrity while maintaining a clean label.

Market Restraints:

One of the primary restraining factors in the global caprylyl glycol market is the growing competition from alternative ingredients that offer similar benefits, such as other glycols and natural preservatives. While caprylyl glycol is valued for its multifunctionality, the availability of these alternatives, often at a lower cost or with specific advantages like enhanced natural credentials, can limit its market share. Additionally, regulatory challenges and stringent safety standards in various regions may pose hurdles for manufacturers, requiring significant investments in compliance and product testing.

Market Insights:

The global caprylyl glycol market is bifurcated into nature, grade, application, end-use, and geography. On the basis of application, the skin care products segment is the dominant application in the global market, largely due to the ingredient’s multifunctional benefits and its widespread use in a variety of skincare formulations. caprylyl glycol is highly valued for its ability to act as a humectant, helping to draw moisture into the skin, an emollient that smooths and softens the skin, and a preservative that enhances the shelf life of products. These properties make it a crucial ingredient in products such as moisturizers, serums, cleansers, and anti-aging creams. The growing consumer focus on skin health, driven by concerns about aging, pollution, and lifestyle factors, has led to an increased demand for effective skincare products, further boosting the dominance of this segment.

Additionally, the trend towards natural and clean-label skincare has reinforced the prominence of the skin care products segment. Consumers are increasingly seeking out products that offer safe, gentle, yet effective ingredients, making caprylyl glycol a popular choice in formulations designed to meet these criteria. The expansion of the skincare market in emerging regions, coupled with innovations in product formulation, has also contributed to the segment’s growth. As skincare routines become more sophisticated, with an emphasis on hydration, protection, and overall skin wellness, the demand for caprylyl glycol in this segment is expected to continue its upward trajectory, solidifying its dominant position in the market.

Market Trends for Skin Care Products Sub-category:

• Increased Focus on Anti-Aging: There is a growing consumer demand for products that address signs of aging, such as fine lines and wrinkles. This trend has led to a rise in the use of advanced ingredients in skincare formulations, with caprylyl glycol being valued for its moisturizing and preservative properties, which can enhance the effectiveness of anti-aging products.
• Preference for Natural and Clean Ingredients: Consumers are increasingly seeking skincare products that are free from synthetic chemicals and are made from natural or clean ingredients. Caprylyl glycol fits well into this trend due to its natural origin and multifunctional benefits, aligning with the demand for safer and more transparent skincare options.

Market Opportunities for Growth in the Skin Care Products Sub-category:

• Expansion into Emerging Markets: As disposable incomes rise and beauty standards evolve in emerging markets, there is a significant opportunity for growth in the skincare segment. Caprylyl glycol can capitalize on this expansion by catering to the growing consumer base in regions like Asia-Pacific and Latin America, where there is increasing investment in premium skincare products.
• Innovation in Formulations: There is substantial opportunity for innovation in skincare formulations that leverage the multifunctional properties of caprylyl glycol. Developing new products that combine it with other active ingredients can create unique offerings in the market, addressing specific skincare concerns and attracting a broader consumer base.

The caprylyl glycol market research report presents the analysis of each segment from 2020 to 2030 considering 2023 as the base year for the research. The compounded annual growth rate (CAGR) for each respective segment is calculated for the forecast period from 2024 to 2030.

Historical & Forecast Period

• 2020-22 – Historical Year
• 2023 – Base Year
• 2024-2030 – Forecast Period

Market Segmentation:

By Nature:

• Natural
• Synthetic

By Grade:

• Cosmetic Grade
• Industrial Grade

By Application:

• Hair Care Products
• Skin Care Products
• Wet Wipes
• Toiletries
• Others

By End-Use:

• Pharmaceuticals
• Cosmetics and Personal Care
• Industrial
• Others

By Region:

• North America
• Europe
• Asia Pacific
• Latin America
• Middle East & Africa

Regional Analysis:

Geographically, North American region is the dominant market for caprylyl glycol industry, primarily due to the high demand for advanced personal care and cosmetic products. North America, particularly the United States and Canada, has a well-established beauty and personal care industry with a strong consumer preference for innovative and high-quality products. The region’s robust skincare market, coupled with a growing trend towards natural and clean-label products, drives significant demand for caprylyl glycol, which is valued for its multifunctional benefits including moisturizing, antimicrobial, and preservative properties. Additionally, North America’s emphasis on research and development, along with a strong presence of leading skincare and cosmetic brands, further solidifies its position as the leading market for caprylyl glycol.

The dominance of North America is also supported by the region’s high level of consumer awareness and demand for advanced skincare solutions. The increasing focus on personalized skincare, anti-aging products, and clean beauty aligns well with the properties of caprylyl glycol, making it a preferred ingredient in formulations that cater to these trends. Furthermore, stringent regulations and standards in North America ensure high-quality product formulations, which contributes to the sustained use and preference for caprylyl glycol in the region. This combination of consumer demand, industry innovation, and regulatory standards makes North America the leading market for caprylyl glycol.

Competitive Landscape:

Some of the prominent market players operating in the global caprylyl glycol market are Lonza Group, BASF SE, Evonik Industries AG, Clariant AG, and Symrise AG. Companies are exploring markets by expansion, new investment, the introduction of new services, and collaboration as their preferred strategies. Players are exploring new geography through expansion and acquisition to gain a competitive advantage through joint synergy.

Recent Developments:

• In April 2024, Clariant AG, based in Switzerland, announced its acquisition of Lucas Meyer Cosmetics, a prominent supplier of cosmetic ingredients, for USD 810 million. This acquisition aims to enhance Clariant’s growth through sustainability and customer-focused innovations.
• In 2023, Germany’s Evonik Industries launched a new line of fermented caprylyl glycol products designed to boost skin health. This range includes BeautiFerm Lift and BeautiFerm Healerine, which are engineered to balance skin microbiota and enhance skin resurfacing.

Key Companies:

• Ashland
• BASF SE
• Symrise AG
• Inolex, Inc.
• Lonza Group Ltd.
• Evonik Industries AG
• Dow
• Clariant AG
• Lotioncrafter
• Thor Personal Care

Key Questions Answered by Caprylyl Glycol Market Report

• Global caprylyl glycol market forecasts from 2024-2030
• Regional market forecasts from 2024-2030 covering Asia-Pacific, North America, Europe, Middle East & Africa, and Latin America
• Country-level forecasts from 2024-2030 covering 15 major countries from the regions as mentioned above
• Caprylyl glycol submarket forecasts from 2024-2030 covering the market by nature, grade, application, end-use, and geography
• Various industry models such as SWOT analysis, Value Chain Analysis about the market
• Analysis of the key factors driving and restraining the growth of the global, regional, and country-level caprylyl glycol markets from 2024-2030
• Competitive Landscape and market positioning of top 10 players operating in the market