The Global Caprylic Capric Triglyceride (MCT) Oil Market size is expected to reach USD 4.65 billion by 2028 at a CAGR of 6% during the forecast period 2021-2028. The growth in this market can be attributed to the rise in demand for sustainable and healthy cooking oils that are free of hydrogenated substances and trans-fats in order to maintain the nutritional profile of food products.
Caprylic Capric Triglyceride (MCT) Oil is a type of vegetable fat that can be extracted from coconut and palm oils. MCT oil has been used for various purposes such as in cooking, food preservation, pharmaceuticals, personal care products, etc. It was first introduced by the American company Trans-World Products Company in 1982 during which it became popularly known as "liquid gold". MCT oil has been studied to find some medicinal properties for people with illnesses or disorders like Alzheimer's disease, cancer, diabetes mellitus, etc.
On the basis of Type, the market is segmented into Coconut Oil and Palm Oil. Coconut oil showed higher demand than palm oil due to less production of this plant-based product. Coconut Oil has high antioxidant properties that help reduce inflammation and prevents the skin aging effects caused by free radicals etc.; which are generated at an increased rate with the increasing age and sunburn exposure leading to wrinkles formation on your face or neck areas. Moreover, cosmetic manufacturers tend to prefer using virgin coconut oils for their soaps as they have low acidity.
Coconut Oil is extracted from coconut fruit and has a high quality of dietary fat. It contains low carbohydrate, medium protein but higher in fat content as compared to other plant-based oils. Coconut oil is also known for its abundant amount of lauric acid which can be converted into monolaurin that helps fight viruses such as HIV or herpes virus etc. This product may cause skin allergy if used without diluting it with some carrier oils like olive oil, sunflower seed oil, etc; since it does not have any fragrant properties so people usually add fragrance during the manufacturing process.
Palm oil is extracted from the palm fruit and it has a high quality of dietary fat. It contains low carbohydrate, medium protein but higher in fat content as compared to other plant-based oils. Palm oil is also known for its abundant amount of lauric acid which can be converted into monolaurin that helps fight viruses such as HIV etc. This product may cause skin allergy if used without diluting it with some carrier oils like olive oil, sunflower seed oil, etc; since it does not have any fragrant properties so people usually add fragrance during the manufacturing process.
On the basis of Application, the market is segmented into Detergent, Cosmetic, Hair Care, Personal Care, and Pharmaceuticals. The detergents segment commanded the highest market share in 2020 owing to its extensive use for fabric washing purposes. It is also used as a raw material in shampoos because it helps remove lather from hair effectively. Cosmetic application is the second-largest market by revenue. It includes hair care products such as shampoos and conditioners; skin moisturizers including lotions, creams, and ointments; make-up cosmetics like lipsticks and eye shadows with pigmentation or without it; fragrant chemicals which provide odor to perfumes, etc.
On the basis of Region, the market is segmented into North America, Latin America, Europe, Asia Pacific, and Middle East & Africa. The Western European region dominates the market because of a large number of industrial applications such as in coatings for paper products, textiles, and plastics; food additives/enhancers; pharmaceuticals (e.g., insulin); humectants for cosmetics or detergent-based soaps; base oils to be processed into soap or waxes with coating properties. The North American Market is expected to experience significant growth with the emergence of new applications such as synthetic lubricants, bioethanol fuel blends, and plasticizers.
The Asia Pacific market is expected to witness considerable growth in future years due to the increasing market demand and high-end developments such as in pharmaceuticals, cosmetics, medical devices. In the Latin America region there are many opportunities for MCT oils which are used primarily as an ingredient of personal care products (e.g., skin creams), hair treatments (e.g., shampoos) or food additives/enhancers; Pharmaceuticals (e.g., insulin); humectants for cosmetics or detergent-based soaps; base oils to be processed into soap or waxes with coating properties).
Up Market Research published a new report titled “Caprylic Capric Triglycerides MCT Oil Market research report which is segmented by Types (Coconut Oil, Palm Oil), By Applications (Detergent, Cosmetic, Hair Care, Personal Care, Pharmaceuticals, Industrial), By Players/Companies IOI Oleo, Univar, Croda International, Revada, OLEON, KLK OLEO”.
|Report Attributes||Report Details|
|Report Title||Caprylic Capric Triglycerides MCT Oil Market Research Report|
|By Type||Coconut Oil, Palm Oil|
|By Application||Detergent, Cosmetic, Hair Care, Personal Care, Pharmaceuticals, Industrial|
|By Companies||IOI Oleo, Univar, Croda International, Revada, OLEON, KLK OLEO|
|Regions Covered||North America, Europe, APAC, Latin America, MEA|
|Historical Year||2018 to 2019 (Data from 2010 can be provided as per availability)|
|Number of Pages||211|
|Number of Tables & Figures||148|
|Customization Available||Yes, the report can be customized as per your need.|
The report covers comprehensive data on emerging trends, market drivers, growth opportunities, and restraints that can change the market dynamics of the industry. It provides an in-depth analysis of the market segments which include products, applications, and competitor analysis.
The market is segmented by Type Coconut Oil, Palm Oil and By Application Detergent, Cosmetic, Hair Care, Personal Care, Pharmaceuticals, Industrial.
Some of the companies that are profiled in this report are:
Caprylic Capric Triglycerides MCT Oil Market research report delivers a close watch on leading competitors with strategic analysis, micro and macro market trend and scenarios, pricing analysis and a holistic overview of the market situations in the forecast period. It is a professional and a detailed report focusing on primary and secondary drivers, market share, leading segments and geographical analysis. Further, key players, major collaborations, merger & acquisitions along with trending innovation and business policies are reviewed in the report.
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Based on region, the market is segmented into North America, Europe, Asia Pacific, Latin America and Middle East & Africa (MEA). North America region is further bifurcated into countries such as U.S., and Canada. The Europe region is further categorized into U.K., France, Germany, Italy, Spain, Russia, and Rest of Europe. Asia Pacific is further segmented into China, Japan, South Korea, India, Australia, South East Asia, and Rest of Asia Pacific. Latin America region is further segmented into Brazil, Mexico, and Rest of Latin America, and the MEA region is further divided into GCC, Turkey, South Africa, and Rest of MEA.
We have studied the Caprylic Capric Triglycerides MCT Oil Market in 360 degrees via. both primary & secondary research methodologies. This helped us in building an understanding of the current market dynamics, supply-demand gap, pricing trends, product preferences, consumer patterns & so on. The findings were further validated through primary research with industry experts & opinion leaders across countries. The data is further compiled & validated through various market estimation & data validation methodologies. Further, we also have our in-house data forecasting model to predict market growth up to 2028.
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