According to IMARC Group’s latest report, titled “Medium Chain Triglycerides Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2023-2028”, the global medium chain triglycerides market size reached US$ 809.1 Million in 2022. Looking forward, IMARC Group expects the market to reach US$ 1,163.5 Million by 2028, exhibiting a growth rate (CAGR) of 6.18% during 2023-2028.
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. 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.
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, application and region.
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)
Key Highlights of The Report:
- Market Performance (2017-2022)
- Market Outlook (2023-2028)
- Market Trends
- Market Drivers and Success Factors
- SWOT Analysis
- 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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