Medium-Chain Triglycerides Industry Growth Factors, Business Trends, COVID – 19 Outbreak, Applications, Regional Analysis, Top Key Players and Segments by 2027
According to the MRFR reports, the
global Medium-Chain Triglycerides Market is expected to attain a market size of
over USD 889.25 million by the end of 2024 while exhibiting a healthy CAGR of
approximately 6.5% from 2019 to 2024.
Medium-chain triglycerides are made
from two or three fatty acids. MCT is obtained from the processing of coconut
and palm kernel oils. The global Medium-Chain Triglycerides Market has
witnessed massive growth over recent years owing to factors such as growing
demand for functional food supplements, increasing the demand for different
types of medium-chain triglycerides, escalation in demand from food processing
and beverage making industries, and growing areas of applications such as
medicinal products, infant nutrition, personal care products, and dietary
supplements. However, the growth of the MCT market is anticipated to be impeded
by the cost involved in research and development activities and high production
costs.
Competitive Analysis
The global Medium-Chain
Triglycerides Market has an intensely competitive
landscape. The players in the global MCT market are adopting several new
strategies such as partnerships, mergers, product development, acquisitions,
etc., strengthening their market position. The leading players in the Medium-Chain
Triglycerides Market include Timur Oleochemicals Malaysia Sdn.Bhd. (Malaysia),
Lonza Group Ltd. (Switzerland), Croda International PLC. (UK), Jarrow Formulas
(US), Stepan Company (US), E. I. du Pont de Nemours and Company (US), KLK Oleo
(Malaysia), Sternchemie GmbH & Co KG (Germany), Procter & Gamble
Company (US), ABITEC (US), Wilmar International Ltd (Singapore), Emery
Oleochemicals (US), BASF SE (Germany), Sternchemie Lipid Technology (Germany),
Koninklijke DSM N.V. (Netherlands), and several others.
Regional Analysis
The global Medium-Chain Triglycerides
Market is studied across five major regions: North America, South America,
Europe, Asia-Pacific, and the Middle East & Africa.
The North American regional Medium-Chain
Triglycerides Market will likely secure the top position globally over the
review timeframe. The regional market's growth is being driven by the
increasing demand for convenience and processed food items, the growing
inclination of consumers toward healthy lifestyles, and the growing demand for
healthy and nutritious food among consumers across the region. The US and
Canada are the leading growth contributors in the regional Medium-Chain
Triglycerides Market.
The Asia-Pacific regional Medium-Chain
Triglycerides Market is projected to register the highest growth over the
assessment timeframe. The regional market's growth is attributed to the growing
demand for applications such as food additives, personal care, surfactants, and
detergents. Furthermore, the rising use of personal care products such as
cosmetics, creams, gels, and lotions is also one of the vital factors to boost
the performance of the regional MCT market.
Segment Analysis
The global Medium-Chain Triglycerides
Market is divided into several segments based on application, type, source,
form, and region.
The global MCT market is bifurcated
into caproic, lauric, capric, and caprylic based on type.
Based on form, the MCT market is split
into liquid and dry.
By source, the global MCT market is
bifurcated into coconut oil, palm kernel oil, and others.
The MCT market is divided into
personal care, pharmaceuticals, food & beverages, and others based on
application.
Access Report Details @ https://www.marketresearchfuture.com/reports/medium-chain-triglycerides-market-5677
Recent Developments
November 2021 - a leader in
plant-based materials manufacturing, NEXE Innovations Inc., has
announced that its XOMA Superfoods product
line has received approval for listing with leading Canadian eCommerce
retailer, Walmart.ca. The products are well-matched with
Keurig® single-serve brewing systems and are sold in packages of 12 pods.
The
product line by XOMA Superfoods product line includes:
ü
Keto Cocoa
ü
Matcha
ü
Turmeric Golden Milk
ü
Coffee Fortified with medium-chain
triglycerides (MCT)
ü
Keto Coffee
August 2021- Glanbia Nutritionals, a
Chicago-based company, offers the weight management and sports nutrition
markets with the latest keto powder ingredient, the latest that combines
medium-chain triglyceride (MCT) oil and whey protein. KetoSure MCT enables
companies to develop keto-friendly weight management and sports nutrition
products. The company revealed in a press conference that Glanbia Nutritionals'
latest KetoSure MCT offers customers an extraordinary ketogenic ingredient,
which blends premium whey protein isolate with high-quality, coconut-based MCT
oil in a powder format.
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Market Research Future
(part of Wantstats Research and Media Private Limited),
99 Hudson Street,5Th Floor, New York,
New York 10013,
United States of America
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