According to a recent report by Reports and Data, the global market for Medium Chain Triglycerides (MCTs) is expected to reach USD 1.07 billion by 2027. MCTs are a type of fat that is produced by processing coconut and palm kernel oils. Due to their unique chemical structure, MCTs have several functional and metabolic properties that make them suitable for use in various applications such as food, flavor, and pharmaceuticals. One major use of MCTs is in the production of MCT oil, which is a supplement with a high concentration of MCTs. MCTs have been found to be beneficial in weight loss, as they increase hormones that promote feelings of fullness and reduce appetite. Studies have also shown that MCTs, particularly C10 and C8, can enhance the body's ability to burn fat and calories in both humans and animals.
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Top Companies Operating in the Global Medium Chain Triglycerides for Medical Grade Market Report:
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.
Further key findings from the report suggest
- The Medium Chain Triglycerides for Medical Grade 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.
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For the purpose of helping readers make profitable business decisions, the report is written with industry analysts, market segmentation, and data collection. In addition to providing detailed information on technical and product advances, this report also discusses market value, growth rates, and niche market segments in detail.
An analysis of the Medium Chain Triglycerides for Medical Grade Market has been carried out by segmenting it into key regions and offering information on growth rates, market shares, current and emerging trends, production and consumption ratios, analysis of the industrial chain, demand and supply, imports and exports, revenue contributions, and the presence of key players in each region. To gain a better understanding of the regional spread of and progress of the Medium Chain Triglycerides for Medical Grade Market, a country-by-country analysis of the market is provided in the report.
The global Medium Chain Triglycerides for Medical Grade Market is segmented into:
- North America (U.S.A., Canada, Mexico)
- Europe (Italy, U.K., Germany, France, Rest of Europe)
- Asia Pacific (China, India, Japan, South Korea, Australia, Rest of APAC)
- Latin America (Chile, Brazil, Argentina, Peru, Rest of Latin America)
- Middle East Africa (Saudi Arabia, U.A.E., South Africa, Rest of MEA)
Further market segmentation
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
Key Questions Addressed in the Report:
- What are the dominating factors that are influencing the growth of the industry?
- In the forecast period, which market segment is expected to rise the most?
- What are the risks and challenges that the industry is facing?
- In the coming years, which area is projected to dominate the market?
- Who are the major players in the market? What kind of strategic business plans have they made?
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