Caprylyl Glycol Market Size, Share, Growth, Trends, and Global Industry Analysis: By Nature (Natural, Synthetic), By Grade (Cosmetic, Industrial), By Application (Personal care, Homecare, Industrial & Others) and Region Forecast 2019-2030

The caprylyl glycol market was valued at US$ 1,893.2 million in 2023 and is projected to grow at 5.9% CAGR from 2024-2030. Caprylyl glycol is a liquid additive that is commonly used in cosmetics, personal care products, and some pharmaceuticals. Caprylyl glycol is a humectant, which means it attracts and binds water to the skin, and also has emollient properties that help to moisturize and soften the skin. Caprylyl glycol is generally considered safe for most skin types and is approved for use in the US and the EU. The key drivers of the market are increasing demand for personal care products as there is increasing awareness regarding personal hygiene and grooming products is widely used in products like skin creams, lotions, shampoos, and conditioners, rising demand for natural and organic products, growth in the pharmaceutical sector, growing demand of superior and safe ingredients.

However, the key restraints are high production costs though it is extracted with a simple extraction process & purification process the manufacturing costs are still quite high, threat of substitutes as threat posed by similar products such as other glycols, preservatives environmental issues as there is growing concern over the environmental impact of some chemical processes used in the production of ingredients. The emerging opportunities are innovation in product formulations, for instance, microencapsulation can be applied so that a chemical substance such as caprylyl glycol would remain encapsulated in a capsule and slowly and continuously release it to provide an uninterrupted benefit, shift towards paraben free products, growing consumer focus on skin health. The key market trends of caprylyl glycol are the rapid expansion of e-commerce in the personal care and beauty sectors, collaborations and strategic partnerships as companies can leverage partnerships with cosmetic brands, pharmaceutical firms, or even research institutions to develop and market innovative products featuring.

Key Developments

• In November 2020, Chemipol announced the launch of the new product range, SENSICARE C 2060, which is proven to possess antimicrobial properties that function as a protector for numerous cosmetic formulation products.
• In 2023, German-based company Evonik Industries introduced a new portfolio of fermented caprylyl glycol products for healthy skin. The company's new portfolio contains BeautiFerm Lift as well as BeautiFerm Healerine.