medium chain triglycerides market has several key components which have been segmented in MRFR's report on the basis of source, form, fatty acid type, application, and region. Sources of medium chain triglyceride include coconut, palm
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Medium chain triglycerides (MCT) has a class of triglycerides which contain some fatty acids and are often extracted to natural sources. The main natural sources from which MCTs are extracted include palm and coconut. MCTs have recently received a lot of attention for their nutritional value and heavy use in the highly popular ketogenic diet. Market Research Future's analysis is highly comprehensive in its newest report on the global medium chain triglycerides market. Research findings suggest healthy growth of the global market over the forecast period from 2017 to 2023.
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Different from normal fats, medium chain triglycerides offer a number of nutritional and functional benefits in F&B and healthcare applications. MCTs are efficient in increasing metabolism and are a good inert source of energy. Patients with problems related to nutrition absorption and other related disorders are often treated with medium-chain triglyceride supplements. MCT oil has also been witnessing increasing demand from consumers looking to pursue weight loss, particularly those consumers that implement a ketogenic diet. Additionally, MCT oils are bland and flavorless which make them ideal as solvents for flavors, oral medication, and vitamins. These oils are also highly useful in elongating the shelf life of cosmetics products. Increasing applications of medium chain triglycerides are expected to boost market growth. Moreover, the prevalence of lifestyle diseases and significant obesity numbers across the globe are likely to result in higher adoption of MCT products.
Increased disposable incomes, and a growing cosmetic and personal care sector will likely reveal multiple opportunities for growth in the coming years.
The global medium chain triglycerides market has several key components which have been segmented in MRFR's report on the basis of source, form, fatty acid type, application, and region. Sources of medium chain triglyceride include coconut, palm, and others.
Forms of medium chain triglycerides have been segmented into liquid form and dry form.
Fatty acid types of medium chain triglycerides include capric acid, caprylic acid, lauric acid, and caproic acid. Caprylic acid is one of the most popular types of medium chain triglyceride fatty acids due to its extensive use in cosmetic products as well as in F&B products.
Applications of medium chain triglycerides have segmented the market into dietary supplements, pharmaceuticals, cosmetic & personal care, sports drink, infant nutrition, and others. Dietary supplements make up a majority market share of 35%.
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The regional division of the global medium chain triglycerides market includes Asia Pacific, Europe, Latin America, North America, and the Middle East & Africa. The North American medium chain triglycerides market possesses the largest share of the global market. Increasing health consciousness and a high obesity rate in the region is expected to propel demand for MCT dietary supplements. The European market is on track to witness a CAGR of over 4% during the assessment period. The increasing application of medium chain triglycerides in hair care, skin care, and other personal care products in the well-developed cosmetics and personal care industry present in the European region is a key driver of growth. Moreover, the growing demand for dietary supplements and sports supplements in Europe is likely to support market growth.
The Asia Pacific displays the highest potential for rapid growth during the review period. The region is naturally conducive to the growth of coconut and palm trees which are the main source of medium chain triglycerides. Moreover, the region's significant consumer population with increasing disposable incomes are expected to impact the market positively. Growing applications in cosmetics and the rapidly expanding food & beverage industry are anticipated to be important drivers of growth for the market.
MRFR's competition tracking of the global medium chain triglyceride market includes prominent key players such as Jarrow Formulas, Sternchemie Lipid Technology, Wilmar International Ltd, Stepan Company, ABITEC, BASF SE, DuPont, KLK Oleo, Emery Oleochemicals, and Sternchemie GmbH & Co KG among others.
Latest Industry News
Koia has announced the launch of its new ketogenic drinks which will be available in 3 flavors and have added MCT oil which provides 14gms of medium chain triglycerides.
Nutiva has announced the expansion of its USDA certified organic line of flavored MCT powder - NuMCT in three new flavors.
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