Increased consumer acceptance of a healthy lifestyle is expected to promote the intake of medium chain triglycerides-based diets and health supplements by consumers during the forecast period. Athletes accept medium chain triglycerides to improve their performance. Thus, changing trend toward sports as a carrier is anticipated to propel the market growth.
In terms of revenue, the Global Medium-chain Triglycerides (Lauric Acid, Caprylic Acid, Caproic Acid And Capric Acid) Market is expected to reach USD 1063.2 Million by 2028, growing at a Compound Annual Growth Rate (CAGR) of 5.60% from 2022 to 2028.
Key Highlights from Report:
- The Coconut sub-segment held a significant share in 2021. This surge is attributable to the rising preferences of consumers for more natural food products. Additionally, the oil provides health advantages like decreasing cholesterol, controlling blood pressure, lowering risks for cardiovascular diseases (CVDs), promoting weight loss, enhancing cognitive abilities, acting as an antibacterial agent, and more.
- The Dry Medium-Chain Triglycerides sub-segment is projected to grow at a considerable Compound Annual Growth Rate (CAGR) during the forecast period. Powdered Medium-Chain Triglycerides have no flavor and no odor. It is combined with other nutritious components to create a variety of nutritional formulae, including newborn formula, weight-management products, and sports nutrition.
- Asia Pacific is expected to grow at the fastest Compound Annual Growth Rate (CAGR) during the forecast period. Consumer demand for a wide variety of food products with functional advantages, such as gut health, bone health, immunity, and heart health, drives the Asia Pacific market. In addition, the region's demand for medium-chain triglycerides, including caprylic, capric, and lauric triglycerides, is being driven by growing usage in cosmetics, personal care, and food and beverage segments. The region's functional food and beverage sectors are predicted to have bright futures due to rising earnings, rising purchasing power, and considerable consumer demand for nutritional and healthful products.
Some macroeconomic and microeconomic factors that were present in some important nations had an impact on the worldwide market for medium-chain triglycerides. However, in terms of value sales, this would be strong enough to significantly influence the market during the predicted period. Prominent firms are established, financially sound competitors who have been in business for a while, have a broad range of products, proprietary technologies, strong international distribution networks, and offices in key regions. Thus, anticipated to drive the market growth.
As they quickly produce energy and improve physical endurance, medium-chain triglycerides are frequently utilized in nutritional diets, infant formulas, functional foods, pharmaceutical items, personal care products, sports drinks, and dietary supplements. Due to the shorter chain length of the fatty acids in these triglycerides, they are quickly metabolized and readily absorbed by humans, decreasing their likelihood of being deposited as body fat. This supports the body's ability to produce energy right away. Extremely low-carb or ketogenic diets are effective strategies for losing weight, and since they create ketones, these triglycerides can be included in such diets. Due to the advantages above, medium-chain triglycerides are in higher demand since they are becoming more well-liked by customers who are health conscious and inclined toward healthy eating habits. In cosmetics and personal care products, mineral oils are frequently utilized in place of medium-chain triglycerides since they are more economical. When used in personal care products, medium-chain triglycerides construct skin barriers effectively, although not as effective as mineral oils. Only when petrochemicals are not used in their formulation are these triglycerides suitable replacements for mineral oils. Therefore, the availability of alternatives such as mineral oils limits market expansion.
Asia Pacific held the most significant shares in 2021. The US held the largest share in North America for the Medium-chain Triglycerides (Lauric Acid, Caprylic Acid, Caproic Acid And Capric Acid) market. Rising product demand in this area is mostly related to millennials' increased interest in dietary supplements and functional foods and drinks. Numerous well-known beverage producers in the area are led by the United States.