The Global Medium Chain Triglycerides Market is forecast to reach USD 1.07 Billion by 2027, according to a new report by Reports and Data. Fats that are derived by processing palm kernel and coconut oils may be referred to as Medium Chain Triglycerides (MCTs). MCTs can be considered as a man-made fat. Its unique functional and metabolic properties are the result of its chemical structure that makes it a versatile ingredient in various food, flavor, and pharmaceutical applications.
The report includes an extensive study of manufacturers, strategic initiatives adopted by major companies, growth prospects, market position, and shares held by key participants to provide readers a comprehensive overview of the competitive landscape. The report also studies strategic initiatives undertaken by major companies in the market, including product launches, product innovation, and technological development, to strengthen their position in the market.
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Key participants include E.I. Dupont De Nemours and Company, BASF SE, Lonza Group Ltd, Koninklijke DSM N.V., Croda International PLC, Musim Mas Holdings, The Procter & Gamble Company, Wilmar International Limited, Acme-Hardesty Co. Inc., Sternchemie GmbH & Co Kg and Nutiva.
Further key findings from the report suggest
- The Medium Chain Triglycerides market held a market share of USD 637.0 Million in the year 2018 that is forecasted to grow at a rate of 5.9% during the forecast period.
- In context to Source, the Palm segment is projected to witness a significant growth rate of 6.3% during the forecast period, which is expected to hold 36.0% of the market by 2027. The growth rate witnessed by the Palm segment is attributed to the fact that palm kernel oil is a rich source of the man-made fat, which comprises nearly 54.0% of MCTs along with the affordability of this source results in growing preference of this source of MCTs.
- In context to Fatty Acid Type, the Caprylic Acid segment held the largest market share of more than 30.0% in 2018, with a CAGR of 6.0% during the forecast period. Various beneficial properties of this type of fatty acid like antifungal, anti-inflammatory, and antibacterial properties make it an ideal choice for treating various disorders like skin conditions, high cholesterol, digestive disorders and yeast infections, which results in the high demand for Caprylic Acid in the pharmaceutical sector.
- In regards to the region, Europe held 35.0% of the market in 2018, with a CAGR of 6.0% during the forecast period. The market share held by the region is attributed to the expanding healthcare & pharmaceutical industry, increasing geriatric population, and continuously increasing demand for dietary & health supplement products.
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For the purpose of this report, Reports and Data have segmented the global Medium Chain Triglycerides market according to Source, Grade, Fatty Acid Type, Form, Application, and Region:
Source Outlook (Volume, Kilo Tons; Revenue, USD Million; 2016-2027)
- Palm
- Coconut
- Others
Grade Outlook (Volume, Kilo Tons; Revenue, USD Million; 2016-2027)
- Food Grade
- Technical Grade
- Medical Grade
- Others
Fatty Acid Type Outlook (Volume, Kilo Tons; Revenue, USD Million; 2016-2027)
- Capric Acid
- Caprylic Acid
- Caproic Acid
- Lauric Acid
Form Outlook (Volume, Kilo Tons; Revenue, USD Million; 2016-2027)
- Dry
- Liquid
Application Outlook (Volume, Kilo Tons; Revenue, USD Million; 2016-2027)
- Pharmaceuticals
- Dietary & health supplements
- Personal care & cosmetics
- Others
Regional Outlook (Volume, Kilo Tons; Revenue, USD Million; 2016-2027)
- North America
- U.S
- Europe
- U.K
- France
- Asia Pacific
- China
- India
- Japan
- MEA
- Latin America
- Brazil
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Objective of Studies:
- To provide country level analysis of the market with respect to the current market size and future prospective.
- To provide country level analysis of the market for segment by application, product type and sub-segments.
- To provide strategic profiling of key players in the market, comprehensively analyzing their core competencies, and drawing a competitive landscape for the market.
- To track and analyze competitive developments such as joint ventures, strategic alliances, mergers and acquisitions, new product developments, and research and developments in the global Medium Chain Triglycerides market.
Thank you for reading this article. You can also get chapter-wise sections or region-wise report coverage for North America, Europe, Asia Pacific, Latin America, and Middle East & Africa.
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