Medium-Chain Triglycerides Market
Medium-Chain Triglycerides Market - Global Industry Assessment & Forecast
- By Source Palm, Coconut, Other Sources (milk and vegetable fats)
- By Form Dry, Liquid
- By Fatty Acid Type Caproic Acid, Caprylic Acid, Lauric Acid, Capric Acid
- By Application Nutritional Supplements, Personal Care Products, Pharmaceutical Products, Sports Drinks, Infant Formula, Other Applications (Flavorings Fragrances, & Industrial)
- By Region North America, Europe, Asia Pacific, Latin America, Middle East & Africa
|Forecast Years:||2022 - 2028|
|Historical Years:||2016 - 2021|
|Revenue 2021:||USD 753.8 Million|
|Revenue 2028:||USD 1063.2 Million|
|Revenue CAGR (2022 - 2028):||5.90%|
|Fastest Growing Region (2022 - 2028)||Asia Pacific|
|Largest Region (2021):||Asia Pacific|
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The Global Medium-Chain Triglycerides Market was valued at USD 753.8 Million in the year 2021 and is forecast to reach a value of USD 1063.2 Million by the year 2028. The Global Market is anticipated to grow to exhibit a Compound Annual Growth Rate (CAGR) of 5.90% over the forecast period.
Medium-Chain Triglycerides Market Size, 2021 To 2028 (USD Million)
Medium chain triglycerides (MCTs) are partially synthetic lipids. The term refers to how the carbon atoms are arranged in their chemical structure. MCTs are often produced in laboratories by processing coconut and palm kernel oils. In comparison, normal dietary fats are long-chain triglycerides. MCTs are used in medicine. MCTs are also utilized to treat obesity, sports performance, and other disorders. Because of their shorter chain length of fatty acids, these triglycerides are swiftly broken down and easily absorbed in the human body, making them less likely to be deposited as body fat. This also aids in the development of rapid energy in the body. Extremely low-carb or ketogenic diets are effective methods of losing weight, and these triglycerides can be used in such diets since they create ketones. Because of the aforementioned benefits, Medium-Chain Triglycerides are becoming increasingly popular among health-conscious customers who favour good eating habits, resulting in rising demand.
The Medium-Chain Triglycerides (Lauric Acid, Caprylic Acid, Caproic Acid and Capric Acid) is segmented on the basis of Source, Form, Fatty Acid Type, By Application. Based on Source, the market is segmented as Palm, Coconut, Other Sources (milk and vegetable fats). Based on Form, the market is segmented as Liquid and Dry. Based on Fatty Acid Type, the market is segmented as Caproic Acid, Caprylic Acid, Lauric Acid and Capric Acid. Based on Application, the market is segmented as Nutritional Supplements, Personal Care Products, Pharmaceutical Products, Sports Drinks, Infant Formula and Other Applications such as flavorings, fragrances and industrial.
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Based on Source:
On the basis of Source, the market is segmented as Palm, Coconut, Other Sources (milk and vegetable fats). The medium chain triglyceride market has been segmented into coconut, palm, and others. The coconut is anticipated to register and will increase at the fastest rate of 6.3 percent over the forecast period. It provides several health advantages, including blood pressure regulation, cholesterol reduction, and the prevention of heart attacks.
Based on Form:
On the basis of Form, the market is segmented as Liquid and Dry. The market for medium chain triglycerides has been classified into two types: dry and liquid. During the forecast period, the liquid supplements sector is expected to have the greatest market share of 54 percent. In liquid form, MCT is employed as a source of energy and fat for consumers due to reduced fat digestion, and it finally benefits people with illnesses. In the gut, long-chain triglycerides are broken down and converted into a form that can be carried in the blood. Medium-chain triglycerides, on the other hand, are broken down to caprylic acid at a much faster pace, making them more absorbable in those with low lipase levels.
Based on Fatty Acid Type:
On the basis of Fatty- Acid Type, the market is segmented as Caproic Acid, Caprylic Acid, Lauric Acid and Capric Acid. The market for Lauric acid, by fatty acid type, is expected to develop at the quickest rate during the forecast period. The majority of the MCTs in coconut oil are made up of lauric acid. However, it is frequently eliminated from MCT oil. Lauric acid is the slowest to metabolize among the MCTs, yet it still has antimicrobial characteristics and other health advantages.
Based on Application:
On the basis of Application, the market is segmented as Nutritional Supplements, Personal Care Products, Pharmaceutical Products, Sports Drinks, Infant Formula and Other Applications such as flavorings, fragrances, and industrial. MCT Oil, when used in skincare, haircare, and cosmetic products, provides a light and very stable moisturizing basis with neutral sensory properties (odour and color), adding to a favorable customer experience. Furthermore, due to its non-oily, more powdered texture, MCT oil can improve the consistency of an emulsion, which can improve the consumer's sense of performance, and it is also great in rinse-off products. MCT Oil is widely used as a carrier oil in aromatherapy and massage treatment since it does not interfere with the smell of aromatic blends, absorbs quickly, does not stain clothes, and leaves the skin with a smooth yet non-greasy sensation.
Asia Pacific is Projected to Grow at the Highest CAGR during the Forecast Period
Asia Pacific is accounted to grow at the highest CAGR during the forecast period since, Asia Pacific is one of the world's fastest-growing areas for medium-chain triglyceride intake. Growing need for Medium-Chain Triglycerides such as caprylic, capric, and lauric triglycerides in the cosmetics, personal care, and food and beverage segments is boosting demand in the area. China, India, and Japan are the top three consumers of medium-chain triglycerides. With busy lives and rising disposable budgets, the region's need for healthful food and products is expanding. Furthermore, the increasing usage of personal care and cosmetics items such as lotions, gels, creams, and cosmetics for women is propelling market expansion in the Asia Pacific region.
The key players in the Global Medium-Chain Triglycerides Market include- 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), and others.
Segmentation of the Global Medium-Chain Triglycerides Market:
|Regions & Countries Covered||
|Report Coverage||Market growth drivers, restraints, opportunities, Porter’s five forces analysis, PEST analysis, value chain analysis, regulatory landscape, technology landscape, patent analysis, market attractiveness analysis by segments and North America, company market share analysis, and COVID-19 impact analysis|
Frequently Asked Question
What is the global demand for Medium-Chain Triglycerides in terms of revenue?
The global Medium-Chain Triglycerides valued at USD 753.8 Million in 2020 and is expected to reach USD 1063.2 Million in 2028 growing at a CAGR of 5.90%.
Which are the prominent players in the market?
The prominent players in the market are 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).
At what CAGR is the market projected to grow within the forecast period?
The market is project to grow at a CAGR of 5.90% between 2021 and 2028.
What are the driving factors fueling the growth of the market.
The driving factors of the Medium-Chain Triglycerides include
- Increasing use of medium-chain triglycerides in diets as alternative energy source
Which region accounted for the largest share in the market?
Asia Pacific was the leading regional segment of the Medium-Chain Triglycerides in 2020.