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Global Lauric Acid Market Size, Growth and Demand Forecast Report, 2030

Globally, the lauric acid market is currently exhibiting rapid expansion in the Asia-Pacific (APAC) region, as per the observations of P&S Intelligence, a market research company based in India. This is attributed to the soaring urban population, increasing per capita income of the people in various APAC countries, and the changing living standards of inhabitants of the region. In addition to this, the presence of flourishing cosmetics and personal, food and beverages, textile, plastics and polymers, and pharmaceutical industries is massively contributing toward the growth of the market in the

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Global Lauric Acid Market Size, Growth and Demand Forecast Report, 2030

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  1. Global Lauric Acid Market Size, Growth and Demand Forecast Report, 2030 1 © Prescient & Strategic (P&S) Intelligence Pvt. Ltd. All rights reserved

  2. These days, people are increasingly becoming conscious regarding their health and physical appearance. Due to increased social media penetration, the focus on aesthetic appearance has rise considerably. In addition to this, the disposable income of people across the globe has increased considerably since the past few years. Due to these factors, the demand for food products that are food for health and aid in weight loss is also on the rise. Moreover, the prevalence of chronic diseases, such as diabetes and heart problems, is also surging, which is further compelling people to opt for a healthier diet rather than foot products that lead to high cholesterol levels. Owing to this, the demand for lauric acid, which is a saturated fat that is found in different vegetable fats, primarily palm kernel and coconut oils, is growing as well. It has been observed that lauric acid is directly transported to the liver, where is converts into energy and metabolites instead of being stored as fat. Lauric acid has been observed to contribute the lease to fat accumulation among all the saturated fatty acids. Attributed to these factors, the global lauric acid market is expected to witness considerable growth in the near future. Other than the food & beverages industry, lauric acid also finds applications in cosmetic & personal care industry and pharmaceutical industry. Among all these, the cosmetic & personal care industry is predicted to generate a considerable demand for lauric acid in the near future, which can majorly be because of the rising requirement for grooming products. Furthermore, due to the rising disposable income, people are able to spend more on personal care products frequently. In order to cater to the rising needs of people, personal care product companies are focusing on increasing their production capacity, which, in turn, is driving the demand for raw materials including emulsifiers. Request for sample copy of this report: https://www.psmarketresearch.com/market-analysis/lauric-acid- market/report-sample Lauric acid is an inexpensive and non-toxic emulsifier, which further has longer shelf life. Attributed to this, it is widely being utilized in the production of detergents, soaps, and other personal care products. Moreover, the U.S. Food and Drug Administration has listed the acid as Generally Regarded as Safe for applications in the cosmetic and personal care industry. Other than this, lauric acid is also utilized for treating several viral infections, such as avian flu, influenza, and common cold. Because of this, the demand for lauric acid is also projected to increase in the pharmaceutical industry in the years to come. Geographically, the Asia-Pacific region is predicted to emerge as a major lauric acid market in the coming years, which is particularly because of the growing urban population, changing standards of living, and increasing per capita income. In addition to this, the growth of the end-use industries, including 2 © Prescient & Strategic (P&S) Intelligence Pvt. Ltd. All rights reserved

  3. plastics & polymers, pharmaceuticals, textile, food & beverages, and cosmetic & personal care, is also driving the demand for lauric acid in the region. In conclusion, the growing cosmetic and personal care industry and rising focus towards healthy food items is leading to the increasing demand for lauric acid. Browse full report at: https://www.psmarketresearch.com/market- analysis/lauric-acid-market Lauric Acid Market Size Breakdown by Segment Based on Application Cosmetic & Personal Care Food & Beverages Pharmaceuticals Geographical Analysis North America • • • • oU.S. oCanada Europe • oU.K. oGermany oFrance oItaly oSpain Asia-Pacific • oChina oJapan oIndia oSouth Korea Latin America • oBrazil oArgentina Middle East & Africa • oSouth Africa oSaudi Arabia 3 © Prescient & Strategic (P&S) Intelligence Pvt. Ltd. All rights reserved

  4. 4 © Prescient & Strategic (P&S) Intelligence Pvt. Ltd. All rights reserved

  5. Disclaimer: P&S Intelligence always keeps its customers’ interests at the core while carrying out research activities. P&S Intelligence ensures the reliability and accuracy of information and data provided in its market research publications. However, the information in publications is subject to fluctuations, as it is based on primary interviews of officials from various companies or organizations. P&S Intelligence is not responsible for any incorrect data provided by the key industry players of the concerned domain. The information or analysis in P&S Intelligence publications represents opinions based on research and should not be interpreted as statements of fact. Information in this report was believed to be correct at the time of publication, but cannot be guaranteed. P&S Intelligence does not endorse any product, service, or vendor depicted in its research publications. All intellectual properties, including trademarks and copyrights, belong to their respective owners and may be protected by copyright. Under no circumstance can these be reproduced in any form without prior written agreement of their owners. An order for market research report is intended for internal use of the company only and not for disclosure to third parties or any other publication in general. No service, report, or part thereof provided by P&S Intelligence can be reproduced, republished, resold, revealed, distributed, circulated, or sublicensed in any medium or form now realized or hereafter become realized, including but not limited to, all forms of optical-based media, magnetic, electronic, or digital, without a written permission from Prescient & Strategic Intelligence Pvt. Ltd. Kindly write to: enquiry@psmarketresearch.com B-13, Sector – 2, Noida, U.P. – 201301, INDIA Contact No: +91 120 4541 337 US/Canada Toll-Free: 1-888-778-7886 5 © Prescient & Strategic (P&S) Intelligence Pvt. Ltd. All rights reserved

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