Lauric Acid Market Is Projected To Surpass USD 7.7 Bn By 2033

Updated · Jan 7, 2025

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Table of Contents

Overview
Key Takeaways
Key Market Segments
Regional Analysis
Recent Developments
Conclusion

Overview

New York, NY – January 7, 2025 – The global Lauric Acid Market is poised for significant growth, with its size projected to increase from USD 3.9 billion in 2023 to approximately USD 7.7 billion by 2033, reflecting a compound annual growth rate (CAGR) of 7.1% during the forecast period from 2024 to 2033.

This expansion is primarily driven by rising demand in the personal care and cosmetics industry, where lauric acid’s antimicrobial and moisturizing properties make it a preferred ingredient in products like soaps, shampoos, and lotions. Additionally, the food and beverage sector’s increasing utilization of lauric acid as an emulsifier and preservative contributes to market growth.

The market’s popularity is further bolstered by a global shift towards natural and sustainable products, enhancing lauric acid’s appeal due to its derivation from renewable sources such as coconut and palm kernel oils. Emerging opportunities in pharmaceuticals, owing to lauric acid’s antiviral and antibacterial characteristics, along with advancements in extraction and processing technologies, are expected to facilitate market expansion and diversification into new applications.

Key Takeaways

The Global Lauric Acid Market is expected to be worth around USD 7.7 Billion by 2033, up from USD 3.9 Billion in 2023, and grow at a CAGR of 7.1% from 2024 to 2033.
The liquid form of lauric acid dominates the market, accounting for 47.4% of total consumption.
High-purity lauric acid, ranging from 85-98%, represents 47.5% of the market share.
C12 chain-length lauric acid is the most prevalent, comprising 54.5% of the market.
As an emulsifier, lauric acid holds a 26.5% share in various application sectors.
The cosmetics and personal care sector is a major end-user, utilizing 29.5% of lauric acid.
In 2023, the Lauric Acid Market in North America captured a 32.4% share, reaching a valuation of USD 1.2 billion.

Key Market Segments

In 2023, liquid lauric acid led the market with a 47.4% share due to its versatility in soaps, detergents, and personal care products. Crystalline form followed at 32.1%, driven by its use in food preservation and baking. Powder form held the smallest share at 20.5%, primarily utilized in pharmaceuticals and cosmetics for its solubility. Liquid’s dominance highlights its cost-effectiveness and adaptability.
High-purity lauric acid (85-98%) dominated with 47.5% of the market in 2023, favored for its balance of cost and performance in industrial and consumer applications. Medium purity (70-85%) held 26.2%, catering to cleaners and solvents. Low purity (<70%) captured 15.3%, serving low-grade industrial needs. Ultra-high purity (98-99%) made up 11.0%, used in premium cosmetics and pharmaceuticals for its superior quality.
C12 chain length led with 54.5% market share in 2023, driven by its key role in surfactants and soaps. C14 followed at 29.7%, used in MCTs for health supplements. C16 held 15.8%, serving niche applications like harder soaps. C12’s broad utility and performance solidify its market leadership.

Regional Analysis

In 2023, North America led the Lauric Acid Market with a 32.4% share, valued at USD 1.2 billion. This dominance is attributed to the region’s advanced industrial base, particularly in cosmetics and personal care, coupled with strict regulations favoring sustainable and natural ingredients.
Europe ranked second, driven by strong demand for bio-based and environmentally friendly products. Government policies promoting green chemistry and high consumer awareness of natural personal care products play key roles in bolstering the region’s market share.
Asia Pacific emerged as the fastest-growing region, fueled by rapid industrialization and manufacturing expansion in countries like China, India, and Southeast Asia. Abundant raw materials and a robust lauric acid supply chain support the region’s rising domestic and global demand.
The Middle East & Africa and Latin America are gaining momentum with increasing industrial investments and rising consumer spending. These regions offer significant growth potential due to untapped markets and growing awareness of health and wellness products.

Recent Developments

AAK AB, a Swedish company specializing in plant-based oils and fats, reported an 18% increase in operating profit at fixed currencies for Q3 2024, with a 4% volume growth across all business areas. The company achieved a return on capital employed of 22.1%, reflecting efficient use of capital. Sustainability efforts showed progress, with verified deforestation-free palm oil increasing from 83% in 2023 to 89% in the first half of 2024. AAK continues to focus on innovation and sustainability to drive growth in the plant-based oils and fats market.
Acme-Hardesty, a U.S.-based distributor of bio-based chemicals, emphasizes sustainability in sourcing renewable ingredients for various industries. While specific financial data for 2023 or 2024 is not publicly available, the company has a longstanding history of providing high-quality, sustainable alternatives to traditional chemicals and supporting manufacturers in creating environmentally friendly products. Acme-Hardesty’s commitment to sustainability positions it as a trusted partner in the bio-based chemical industry.
The Bakrie Group, an Indonesian conglomerate, operates across multiple sectors, including agriculture and food processing. While detailed financial figures for 2023 or 2024 are not readily available, the group’s diversified portfolio and significant presence in Indonesia contribute to its role in the agricultural sector. The Bakrie Group’s involvement in agriculture supports Indonesia’s economy and food industry.
BASF SE, a leading global chemical company, The company focuses on innovation and sustainability, providing a wide range of products, including chemicals, materials, industrial solutions, surface technologies, nutrition and care, and agricultural solutions. BASF’s commitment to sustainable development and innovation drives its growth in the global market.
Cailà & Parés, a Spanish company specializing in the production of oleochemicals, offers a range of products derived from natural fats and oils. While specific financial data for 2023 or 2024 is not publicly available, the company’s long-standing expertise and focus on quality have established it as a reputable supplier in the oleochemical industry. Cailà & Parés’ commitment to quality and innovation supports its position in the market.

Conclusion

The Lauric acid is a versatile saturated fatty acid predominantly found in coconut oil and palm kernel oil. It’s widely used in industries such as food and beverages, cosmetics, pharmaceuticals, and industrial manufacturing. In the food sector, lauric acid serves as an emulsifier and preservative, enhancing product stability and shelf life. In cosmetics, it’s valued for its antimicrobial properties, making it a common ingredient in soaps and skincare products. The pharmaceutical industry utilizes lauric acid for its antiviral and antibacterial benefits. The global lauric acid market is projected to experience significant growth in the coming years, driven by increasing demand across these diverse applications.