Medium-chain Triglycerides (Lauric Acid, Caprylic Acid, Caproic Acid And Capric Acid) MarketIncreased consumer acceptance of a healthy lifestyle is expected to promote the intake of medium chain triglycerides-based diets and health supplements during the forecast period. In addition, medium chain triglycerides are accepted by athletes to improve their performance. Medium-chain triglycerides are a type of saturated fat derived from fatty acids. When taken, medium chain triglycerides offer many health benefits, including increased metabolism, cognitive function, and weight management.
The increasing use of medium chain triglycerides in the healthcare industry is expanding market progress. Medium Chain Triglycerides are usually taken with medications to treat food absorption syndromes such as diarrhoea, celiac disease, and liver disease. In addition, medium chain triglyceride compounds are used in many applications such as dietary supplements, infant formulas, and pharmaceuticals due to their health benefits.
Based on the Application, the medium chain triglycerides Market is divided into Diet & Diet Supplements, Personal Care & Cosmetics, Pharmaceuticals, and Other Applications. The Diet and Dietary Supplements segment is set to register the highest market share at 51% during the forecast period. The ability to reduce and prevent multiple illnesses, including cardiovascular and gastrointestinal disorders, has increased the use of multiple health and dietary supplement formulations.
Based on the source, the Medium-chain Triglycerides (Lauric Acid, Caprylic Acid, Caproic Acid And Capric Acid) Market is divided into Coconut, Palm, and Other Sources (Milk & Vegetable Fats). The Coconut Supplement segment is set to register the highest market share at 41% during the forecast period. Coconut is a decent source of medium chain triglycerides.
Based on the segment Form, the Medium-chain Triglycerides (Lauric Acid, Caprylic Acid, Caproic Acid And Capric Acid) Market is divided into Dry and Liquid subsegments. The Liquid Dietary Supplement sub-segment is set to register the highest market share at 54% during the forecast period. In Liquid Form, Medium Chain Triglycerides are used as an energy and fat source for clients suffering from poor fat digestion and ultimately help people with disabilities.
Asia Pacific dominated the market with a volume share of over 35 % in 2019 and is likely to continue to do so throughout the forecast period. The increased popularity of nutritional supplements and functional foods and beverages among millennials is driving up product demand in this region. In addition, many worldwide known beverage makers are located in the region, offering lucrative opportunities for the market. Thus, anticipated to drive the market growth over the forecast period.
Some of key players inMedium-chain Triglycerides (Lauric Acid, Caprylic Acid, Caproic Acid And Capric Acid) Marketinclude,BASF SE (Germany), Koninklijke DSM N.V. (The Netherlands), Dupont (US), Lonza Group Ltd. (Switzerland), Musim Mas Holdings (Singapore), Croda International Plc. (UK), P&G Chemicals (US), Acme-Hardesty Company (US), Wilmar International Limited ( Singapore), Stepan Company (US), Sternchemie GmbH & Co. KG (Germany), Emery Oleochemicals Group (US), KLK Oleo (Malaysia), Nutricia (New Zealand), Connoils (US), Now foods(US), Barleans (US), Jarrow formula’s (US) Nutiva (US), Henry Lamotte Oils GmbH (Germany).
Nov 09, 2021
