Medium-Chain Triglycerides Market Size - Global Opportunity Analysis and Industry Forecast, 2021-2027
The global Medium-Chain Triglycerides
Market Size is expected to rise to a valuation of USD 889.25 million by the end
of 2024, according to the latest research report from Market Research Future
(MRFR). The global Medium-Chain Triglycerides Market is expected to exhibit a
strong 6.5% CAGR over the forecast period from 2019 to 2024, according to the
report. The report presents a detailed overview of the global Medium-Chain
Triglycerides Market by analyzing the market’s historical growth patterns. A
detailed forecast for the market’s growth over the forecast period is further
presented in the report on the basis of the accurate analysis of the market’s
historical growth.
Medium chain triglycerides are vital
nutrients needed in the human body for various purposes. Medium chain
triglycerides are essential in maintaining top-notch operations in the brain,
as well as helping preserve healthy skin. Other uses of medium chain
triglycerides are as antioxidants, which may possibly have an anti-cancer
function. Thus, medium chain triglycerides are vital as nutrients required in
the human body. This has driven the demand for medium chain triglycerides from
the food and beverage and nutraceutical industries, as manufacturers of
packaged food and beverage products can promote the health benefits of foods
and beverages containing medium chain triglycerides and attract new customers.
The ease of incorporating medium chain triglycerides into packaged food and
beverages has led to a growing demand for medium chain triglycerides from the
food and beverage industry in recent years. The growing demand for dietary
innovations that help prevent diseases rather than curing them has also been
crucial for the global
Medium-Chain Triglycerides Market Size. The growing nutraceuticals industry
is also likely to be a major driver for the global Medium-Chain Triglycerides
Industry, as the widespread acceptance of nutraceutical products by consumers
has resulted in easy visibility of medium chain triglyceride products.
The growing personal care products industry
is also likely to be a major driver for the global Medium-Chain Triglycerides
Market Size over the forecast period. Medium chain triglycerides are often used
as a lubricant in personal care products, leading to widespread demand for
medium chain triglycerides in the pharmaceuticals and personal care products
industries. The growing demand for personal care products such as soap,
shampoos, and lotions and creams is likely to be a major driver for the global Medium-Chain
Triglycerides Market Size over the forecast period.
Competitive Analysis:
Leading players in the Medium-Chain
Triglycerides Market Size include Timur Oleochemicals Malaysia Sdn. Bhd.,
Procter & Gamble Company, Lonza Group Ltd., Koninklijke DSM NV, Croda
International plc, ABITEC, Jarrow Formulas, Sternchemie Lipid Technology,
Stepan Company, Wilmar International Ltd., E.I. du Pont de Nemours and Company,
BASF SE, KLK Oleo, Emery Oleochemicals, and Sternchemie GmbH & Co KG.
Segmentation:
The global Medium-Chain Triglycerides
Market Size is segmented on the basis of form, source, type, application, and
region.
By form, the global Medium-Chain
Triglycerides Market is segmented into dry and liquid.
By source, the global Medium-Chain
Triglycerides Market is segmented into palm kernel oil, coconut oil, and
others.
By type, the global Medium-Chain
Triglycerides Market is segmented into caproic, caprylic, capric, and lauric.
By application, the global Medium-Chain
Triglycerides Market is segmented into food and beverages, pharmaceuticals,
personal care products, and others. The food and beverage segment is likely to
dominate the global market over the forecast period, followed by the
pharmaceuticals and personal care products industries.
Access Report Details @ https://www.marketresearchfuture.com/reports/medium-chain-triglycerides-market-5677
Regional Analysis:
North America is likely to dominate the
global Medium-Chain Triglycerides Market over the forecast period, led by the
U.S. The growing demand from consumers for healthy foods and beverages that act
as functional foods is the major driver for the Medium-Chain Triglycerides Market
in North America, especially the U.S. and Canada. Growing awareness about the
benefits of medium chain triglycerides is also a major driver for the Medium-Chain
Triglycerides Market in North America.
Asia Pacific is the fastest growing
regional market for medium chain triglycerides and is likely to hold an
important role in the global market over the forecast period due to the high
production of palms and coconuts in the region.
Contact us:
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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