Caprylyl Glycol Market Valuation Set to Total USD 3.2 Billion by 2034 amid Escalating Demand for Natural Cosmetics and Personal Care Products | Future Market Insights, Inc. [Yahoo! Finance...
BASF SE S/ADR (BASFY)
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Source: Yahoo! Finance
a value of USD 570.2 million . This surge is driven by a rising consumer inclination towards natural cosmetics and personal care items. As sustainability and wellness become increasingly important, the demand for these products continues to soar, promising a lucrative future for the industry. NEWARK, Del. May 9, 2024 /PRNewswire/ -- The global caprylyl glycol market value is estimated to total USD 1.7 billion in 2024 and USD 3.2 billion by 2034. Global demand is anticipated to increase at a CAGR of throughout the forecast period, fueled by increasing production and consumption of cosmetics and personal care items. Multiple factors are expected to propel the demand for caprylyl glycol during the assessment period. These include robust growth of cosmetics and personal care sector, growing interest in natural ingredients, and widening applications of 1,2-octanediol in pharmaceutical and other industries. Caprylyl glycol is becoming a widely used ingredient in the cosmetics and pers
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