Medium Chain Triglycerides Market Share, Key Players, Opportunity and Forecast 2022-2027
The global medium chain triglycerides market size to reach US$ 1,096.7 Million by 2027, exhibiting a growth rate (CAGR) of 6.27% during 2022-2027.
Medium Chain Triglycerides Market Outlook
Medium chain triglycerides (MCTs) refer to dietary fats with a glycerol molecule attached to three fatty acid chains. They easily get oxidized and absorbed into the bloodstream, unlike other lipid molecules, which require a complex digestion process.
The global medium chain triglycerides market size reached US$ 757.6 Million in 2021. Looking forward, IMARC Group expects the market to reach US$ 1,096.7 Million by 2027, exhibiting a growth rate (CAGR) of 6.27% during 2022-2027.
MCTs are utilized for the management of several gastrointestinal disorders and the treatment of steatorrhea resulting from various malabsorptive conditions, including prior gastrectomy, pancreatic insufficiency, small bowel resection, etc. They are usually administered in the form of capsules, tablets, powders, ointments, injections, etc.
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Medium Chain Triglycerides Market Trends:
The rising prevalence of gastrointestinal disorders is driving the medium chain triglycerides market. Furthermore, as MCTs are derived from natural and organic sources, such as palm oil, coconut oil, butter, etc., they are extensively used in the cosmetics industry.
Moreover, on account of their long shelf life, lightweight, lack of color and odor, etc., MCTs are also gaining popularity in aromatherapy. Additionally, numerous leading players are investing in research and development projects as MCTs show promising results in the management of cardiovascular diseases, obesity, neurological disorders, etc.
Besides this, owing to the growing consumer health consciousness, various government bodies have launched numerous programs and campaigns to spread awareness about several chronic diseases. This, in turn, is anticipated to fuel the market growth in the coming years.
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As the novel coronavirus (COVID-19) crisis takes over the world, we are continuously tracking the changes in the markets, as well as the industry behaviors of the consumers globally and our estimates about the latest market trends and forecasts are being done after considering the impact of this pandemic.
Competitive Landscape with Key Players:
The competitive landscape of the industry has also been examined along with the profiles of the key players.
- BASF SE
- ConnOils LLC
- Croda International Plc
- DuPont de Nemours Inc.
- IOI Oleo GmbH
- KLK OLEO
- Musim Mas Holdings
- NOW Foods
- Sternchemie GmbH & Co. KG
- The Procter & Gamble Company
- Wilmar International Limited.
Key Market Segmentation:
The report has categorized the market based on type, source, form and application.
Breakup by Type:
- Caproic Acid (C6)
- Caprylic Acid (C8)
- Capric Acid (C10)
- Lauric Acid (C12)
Breakup by Source:
- Coconut Oil
- Palm Kernel Oil
Breakup by Form:
Breakup by Application:
- Dietary and Health Supplements
- Personal Care and Cosmetics
Breakup by Region:
- North America (United States, Canada)
- Europe (Germany, France, United Kingdom, Italy, Spain, Others)
- Asia Pacific (China, Japan, India, Australia, Indonesia, Korea, Others)
- Latin America (Brazil, Mexico, Others)
- Middle East and Africa (United Arab Emirates, Saudi Arabia, Qatar, Iraq, South Africa Others)
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Key highlights of the report:
- Market Performance (2016-2021)
- Market Outlook (2022-2027)
- Market Trends
- Market Drivers and Success Factors
- Impact of COVID-19
- Value Chain Analysis
- Comprehensive mapping of the competitive landscape
If you need specific information that is not currently within the scope of the report, we will provide it to you as a part of the customization.
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