Caprylic Triglyceride, also known as GTCC, is a mixed triester formed from glycerol and medium carbon fatty acids (caprylic and decanoic acids) in vegetable oils. It is a colorless, odorless, low viscosity oleophilic lubricant with extremely high antioxidant properties. In the cosmetics industry, caprylic triglyceride can replace various oils and fats as lubricants and fat enhancers, and can also be added as carriers and diluents to active agents or sterols and other conditioning agents. In addition, it can also be used in lipstick, lipstick and shaving cream to change the dispersion and gloss of cosmetics. ‌

Overview of Market Development

The global market for caprylic triglyceride has shown a steady growth trend in recent years. According to our research data, the global consumption of caprylic triglyceride is expected to reach 20892.1 tons in 2024, and the market size is estimated to be $540 million, an increase of 9.24% compared to 2023. It is expected that the market will maintain a growth trend in the coming years, especially in the Asian market. With the improvement of consumer power and further expansion of application fields, the market prospects are broad. It is expected that by 2029, the global market size of caprylic triglyceride will continue to increase to $814 million. The CAGR for 2024-2029 is estimated to be 8.55%.

Analysis of Downstream Application Pattern

From the perspective of downstream application patterns, caprylic triglyceride is mainly used in skin care products, sunscreen products, and hair care products. Among them, the skin care product field is the largest downstream application market, with an estimated application share of 29.80% in 2024.

Source: www.globalmarketmonitor.com

Market Analysis of Major Regions/Countries

From a regional perspective, the global market for caprylic triglyceride is concentrated in three major regions: North America, Europe, and Asia Pacific. Among them, the Asia Pacific region is the largest consumer market, accounting for over 40% of the global market share. From a national perspective, China is the largest consumer country. Data shows that the consumption of caprylic triglyceride in China is expected to reach 6704.2 tons in 2024, accounting for an estimated 32.09% of the total global consumption of caprylic triglyceride.

Regions/Countries	Consumption (Tons)	Proportion
North America	4310.8	20.63%
Europe	4031.8	19.30%
China	6704.2	32.09%
Japan	919.5	4.40%
India	1282.3	6.14%
South America	837.1	4.01%
Middle East & Africa	945.9	4.53%