Dodecanoic Acid Market Size

Dodecanoic Acid Market size is poised to reach USD 1 Billion by the end of 2036, growing at a CAGR of 14% during the forecast period, i.e., 2024-2036. In the year 2023, the industry size of dodecanoic acid was USD 165 Million. The reason behind the growth is impelled by the growing burden of cardiovascular diseases across the globe which are usually brought on by several risk factors, including low-density lipoprotein (LDL) cholesterol, diabetes, high blood pressure, smoking, secondhand smoke exposure, obesity, poor diet, physical inactivity. Moreover, dodecanoic acid is used to treat cardiovascular diseases, as it can potentially increase the secretion of LDL (good cholesterol) in the body. For instance, the number of CVD-related deaths worldwide rose from around 12 million in 1990 to more than 19 million in 2022.

The growing awareness regarding personal hygiene is believed to fuel the market growth. Globally, people's everyday knowledge of hygiene has altered owing to social media awareness, and different health education efforts run by healthcare facilities, which help to clarify the relationship between general health and personal cleanliness.