Global Medium Chain Triglycerides Market by Application (Pharmaceuticals, Personal Care & Cosmetics, Dietary & Health Supplements) and Region (North America, Latin America, Europe, Asia Pacific and Middle East & Africa), Forecast To 2028

Summary of the Report

In 2019, the global market for medium chain triglycerides was worth USD 1.7 billion. It is projected to grow at 6.8% compound annual growth rate (CAGR), between 2020 and 2027. Consumption of medium chain triglycerides (MCT), which is based on dietary and other health supplements, will increase due to an improved standard of living and healthier lifestyles.

MCTs are partially-derived fats that have 6-10 carbon chains. MCTs are caproic acid, caprylic Acid and capric acid. It is usually made from vegetable oils such as soybean, palm kernels, rapeseeds, sunflower and coconut. Coconut oil is the main source of MCT extract. Coconut oil is the second most popular raw material for MCT extraction, accounting for nearly 34.0%.

A few small-scale companies in the market are marketing coconut oil-infused products as MCT-infused products. Market growth will be impeded by confusion among consumers about the differences between coconut oil and medium chain triglycerides. They may mistakenly consider them similar. The main difference is that coconut oil has MCTs in addition to other fats, while coconut oil only contains specific MCTs.

MCTs are commercially manufactured by fractionation, which separates capric acid and caprylic acids from other fats in vegetable oils. To produce triglycerides, the extracted product is further processed by lipase esterification. The final product is then distributed for consumption after a series quality checks.

The extracted product also contains caprylic acid, and capric acid in a higher amount than other glycerides. It is approximately 5:2. Caproic acid, which has a bitter odor and taste, is often removed from the product. The benefits of lauric acid (C12), as well as their potential health effects, are not generally included in products on the market.

Application Insights

The largest application segment was dietary and health supplements, accounting for more than 57.0% in total revenue in 2019. Because of its ability to prevent and reduce the incidence of many diseases, such as cardiovascular, Alzheimer's and Chyle Leaks and gastro-intestinal disorders, medium chain triglycerides are used widely in formulating dietary and health supplements. Regular consumption of medium-chain triglycerides can increase metabolism, reduce fat deposition in the adipose tissues, and lower food intake, thus lowering obesity levels. It is also used to make sport nutrition supplements that are consumed during training. This helps reduce body fat and increase lean muscle mass.

MCT's have been steadily gaining popularity in the personal and cosmetic industries due to their anti-inflammatory, antioxidant, and anti-microbial qualities. It is used primarily as an emollient and viscosity regulator and carrier of active substances in many cosmetic formulations such as lipsticks, creams and sunscreens. MCT-based products moisturize the skin and give it a smooth texture. It also reduces the skin's aging effects. The product is a non-comedogenic ingredient, which prevents pores from clogging and enhances skin properties.

MCT-infused cosmetic products are safe for sensitive skin because they contain natural ingredients. The product can also be used extensively in aromatherapy because it is light, colorless and odorless. It also has a longer shelf life. The use of medium-chain triglycerides, however, is still in its infancy and offers greater opportunity for new entrants to the medium chain market.

Regional Insights

North America held a market share of more than 35.0% in 2019, and it is expected to continue its dominance in the future. The growing demand for dietary supplements, functional foods and beverages by millennials is the main reason for this increase in product demand. Many internationally acclaimed beverage producers are based in the region.

The market for nutrition supplements is growing in the U.S. MCT is slowly becoming more popular in the United States as a component of nutritional supplements due to its ability to treat liver and cardiovascular diseases. Because they are not considered medical drugs, the dietary supplement market isn't well-regulated. These factors have encouraged manufacturers to increase production to meet varied consumer demand. Over the years, health supplements have become more popular with consumers across the country. The trend of increasing product consumption will be largely driven by their sedentary lifestyles over the forecast period.

Asia Pacific is expected to experience significant growth during the forecast period due to an increase in demand for dietary supplement and an increased consumption of medium-chain triglycerides (nutraceutical) sector. High youth populations are another key market feature. This will increase the use of MCTs for dietary supplements and sports drinks. ChinaHemp and Scion Chem Pvt. are key market players. The presence of key market players such as ChinaHemp, Stepan Company, and Bioriginal Food and Science Corp is expected to raise awareness about the product's benefits, which will lead to higher demand.

The product can be purchased over-the-counter in some areas of the region, including Singapore. Windmill Health Products, LLC. MCT-based products and MCT-based products are a well-known manufacturer and supplier in the country. MCTs are developed by the company using chemical-free processes. This makes them extremely safe to include in food formulations.

Market Share Insights & Key Companies

This market is highly fragmented, with a few long-term and well-established players dominating. Due to rising demand for health supplements, the competition will intensify in the future. Due to the high level of competition in the market, there are many established players.

The majority of these players are backward-integrated and focus on sustainable raw material source sourcing, thereby reducing manufacturing costs. P&G, BASF SE, and Cargill, Incorporated are some of the market players. The partnership was commissioned by Germany's Federal Ministry for Economic Cooperation and Development to create a sustainable supply chain for coconut oil in Indonesia and Philippines. The market for medium chain triglycerides is dominated by:

• BASF SE

• DSM

• Croda International Plc.

• Sternchemie Lipid Technology

• KLK OLEO

• Wilmar International Limited

Up Market Research published a new report titled “Medium Chain Triglycerides Market research report which is segmented by Application (Pharmaceuticals, Personal Care & Cosmetics, Dietary & Health Supplements), By Players/Companies Sternchemie Lipid Technology, BASF SE, Wilmar International Limited, DSM, KLK OLEO, Croda International Plc”. As per the study the market is expected to grow at a CAGR of XX% in the forecast period.

Report Scope

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.

Global Medium Chain Triglycerides Market Report Segments:

The market is segmented by Application (Pharmaceuticals, Personal Care & Cosmetics, Dietary & Health Supplements).

Medium Chain Triglycerides 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.

Key Benefits for Industry Participants & Stakeholders:

• Industry drivers, restraints, and opportunities covered in the study
• Neutral perspective on the market performance
• Recent industry trends and developments
• Competitive landscape & strategies of key players
• Potential & niche segments and regions exhibiting promising growth covered
• Historical, current, and projected market size, in terms of value
• In-depth analysis of the Medium Chain Triglycerides Market

Overview of the regional outlook of the Medium Chain Triglycerides Market:

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.

Highlights of The Medium Chain Triglycerides Market Report:

1. The market structure and projections for the coming years.
2. Drivers, restraints, opportunities, and current trends of Medium Chain Triglycerides Market.
3. Historical data and forecast.
4. Estimations for the forecast period 2028.
5. Developments and trends in the market.

                1. Pharmaceuticals

                2. Personal Care & Cosmetics

                3. Dietary & Health Supplements

7. Market scenario by region, sub-region, and country.
8. Market share of the market players, company profiles, product specifications, SWOT analysis, and competitive landscape.
9. Analysis regarding upstream raw materials, downstream demand, and current market dynamics.
10. Government Policies, Macro & Micro economic factors are also included in the report.

We have studied the Medium Chain Triglycerides 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.

How you may use our products:

• Correctly Positioning New Products
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Reasons to Purchase the Medium Chain Triglycerides Market Report:

• The report includes a plethora of information such as market dynamics scenario and opportunities during the forecast period
• Segments and sub-segments include quantitative, qualitative, value (USD Million,) and volume (Units Million) data.
• Regional, sub-regional, and country level data includes the demand and supply forces along with their influence on the market.
• The competitive landscape comprises share of key players, new developments, and strategies in the last three years.
• Comprehensive companies offering products, relevant financial information, recent developments, SWOT analysis, and strategies by these players.