Market Summary
The Global Medium Chain Triglycerides market is forecast to reach USD 1.07 Billion by 2027, according to a new report by Reports and Data. Medium-chain triglycerides (MCTs) can be described as fats available in various natural sources like coconut oil. As compared to the long-chain triglycerides (LCT) that are available in various other foods, MCTs are metabolized differently.
One of the major supplements derived from MCTs is MCT oil, which contains a large number of these fats, and it is considered to have various health benefits. The technical term for fat is Triglyceride. It has two major functioning, either it gets stored as body fat or burned for energy. All triglycerides comprise of three fatty acids and a glycerol molecule. Most of the fats in the usual diet of a person consist of long-chain fatty acids that comprise of 13–21 carbons.
In short- chain fatty acids, there are lesser than six carbon atoms. On the other hand, MCT’s medium-chain fatty acids have 6–12 carbon atoms. One of the major benefits of the supplement derived from MCTs, i.e., MCT oil may help in weight loss in various ways. As an instance, it has lower energy density as compared to LCTs. Approximately 10% lesser calories as compared to LCTs are provided by MCT. Furthermore, as MCT s are rapidly absorbed and used as compared to LCTs, its opportunity of being stored as body fat is considerably less. Thus, due to the benefits of MCTs as mentioned above, it is widely used in dietary & health supplement products and pharmaceuticals, which is supporting the growth of the sector. Though various supporting market factors are propelling the growth of the industry, adverse factors like the availability of alternatives and MCT oil being not prescribed to patients with certain medical conditions may slow down the growth of the market.
In regards to region, North America can be seen to lead the industry. The dominance of the region in this sector is attributed to well-established dietary supplement industry, developed pharmaceutical sector, and growing personal care & cosmetics industry in this region, which is supporting the expansion of this sector in this region.
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Further key findings from the report suggest
- The Medium Chain Triglycerides market held a market share of USD 637.0 Million in the year 2018 that is forecasted to grow at a rate of 5.9% during the forecast period.
- In context to Source, the Palm segment is projected to witness a significant growth rate of 6.3% during the forecast period, which is expected to hold 36.0% of the market by 2027. The growth rate witnessed by the Palm segment is attributed to the fact that palm kernel oil is a rich source of the man-made fat, which comprises nearly 54.0% of MCTs along with the affordability of this source results in growing preference of this source of MCTs.
- In context to Fatty Acid Type, the Caprylic Acid segment held the largest market share of more than 30.0% in 2018, with a CAGR of 6.0% during the forecast period. Various beneficial properties of this type of fatty acid like antifungal, anti-inflammatory, and antibacterial properties make it an ideal choice for treating various disorders like skin conditions, high cholesterol, digestive disorders and yeast infections, which results in the high demand for Caprylic Acid in the pharmaceutical sector.
- In regards to Application, the Personal care & cosmetics segment is projected to witness the fastest growth rate of 7.4% during the forecast period, which is expected to hold, 10.5% of the market by 2027. The growth rate witnessed by the Personal care & cosmetics segment is attributed to the continuous growth of the personal care sector, various benefits of MCTs like antimicrobial & antiviral properties gets easily absorbed in the skin and smoothens the skin have resulted in the growing demand of the man-made fat in manufacturing personal care & cosmetic products.
- In regards to the region, Europe held 35.0% of the market in 2018, with a CAGR of 6.0% during the forecast period. The market share held by the region is attributed to the expanding healthcare & pharmaceutical industry, increasing geriatric population, and continuously increasing demand for dietary & health supplement products.
- Key participants include E.I. Dupont De Nemours and Company, BASF SE, Lonza Group Ltd, Koninklijke DSM N.V., Croda International PLC, Musim Mas Holdings, The Procter & Gamble Company, Wilmar International Limited, Acme-Hardesty Co. Inc., Sternchemie GmbH & Co Kg and Nutiva.
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For the purpose of this report, Reports and Data have segmented the global Medium Chain Triglycerides market according to Source, Grade, Fatty Acid Type, Form, Application, and Region:
Source Outlook (Volume, Kilo Tons; Revenue, USD Million; 2016-2027)
- Palm
- Coconut
- Others
Grade Outlook (Volume, Kilo Tons; Revenue, USD Million; 2016-2027)
- Food Grade
- Technical Grade
- Medical Grade
- Others
Fatty Acid Type Outlook (Volume, Kilo Tons; Revenue, USD Million; 2016-2027)
- Capric Acid
- Caprylic Acid
- Caproic Acid
- Lauric Acid
Form Outlook (Volume, Kilo Tons; Revenue, USD Million; 2016-2027)
- Dry
- Liquid
Application Outlook (Volume, Kilo Tons; Revenue, USD Million; 2016-2027)
- Pharmaceuticals
- Dietary & health supplements
- Personal care & cosmetics
- Others
Regional Outlook (Volume, Kilo Tons; Revenue, USD Million; 2016-2027)
- North America
- U.S
- Europe
- U.K
- France
- Asia Pacific
- China
- India
- Japan
- MEA
- Latin America
- Brazil
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