Medium-Chain Triglycerides Market to Grow with a CAGR of 4.81% through 2028
Growing research and development activities expected to drive the Global
Medium-Chain Triglycerides Market growth in the forecast period, 2024-2028.
According to TechSci Research report, “Medium-Chain
Triglycerides Market – Global Industry Size, Share, Trends, Competition
Forecast & Opportunities, 2028”, the Global Medium-Chain Triglycerides
Market stood at USD1.75 billion in 2022 and is anticipated to grow with a
CAGR of 4.81% in the forecast period, 2023-2028. The initiatives taken by
government based on medium-chain triglycerides has led to favorable market
conditions for the Global Medium-Chain Triglycerides Market. Several factors
contribute to the growth of various medium-chain triglycerides products. Government
bodies worldwide are increasingly recognizing the potential benefits of
medium-chain triacylglycerols (MCTs). This acknowledgement is evident through
actions such as the U.S. Food and Drug Administration (FDA) receiving a notice
from Nestle Nutrition concerning the addition of MCTs to specific food
products. This not only demonstrates the growing acceptance of MCTs but also
signifies regulatory support for their integration into the food industry.
Moreover,
government agencies have played a pivotal role in promoting research and
development into the applications and health benefits of MCTs. A multitude of
studies, often published on government-backed platforms like PubMed Central
(PMC), have shed light on the promising potential of MCTs. These studies have
explored their ability to enhance memory, modulate gut microbiota, and even
bypass impediments in long-chain fatty acid oxidation disorders. Such detailed
investigations continue to unveil the diverse and fascinating aspects of MCTs,
fueling further interest and exploration in this field.
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market data Figures spread through XX Pages and an in-depth TOC on "Global
Medium-Chain Triglycerides Market”
Research and
development (R&D) activities are of utmost importance in unraveling the
multifaceted benefits of medium-chain triglycerides (MCTs). These saturated
fats, naturally found in palm kernel oil, milk fat, and coconut oil, possess
the unique characteristic of being rapidly absorbed by the body, serving as an
immediate source of energy. Ongoing research continues to shed light on the
novel applications and health advantages of MCTs, which in turn, propels their
widespread adoption across diverse industries.
The growth of
the MCT market owes much to the relentless pursuit of R&D initiatives.
These efforts have not only resulted in the exploration of new applications for
MCTs but have also uncovered their potential in areas such as weight
management, sports nutrition, and even therapeutic uses in the management of
conditions like Alzheimer's disease. The continuous expansion of the MCT market
is a testament to the ever-expanding opportunities that arise from these
discoveries, elevating the significance and impact of R&D in shaping the
future of this industry.
The Global
Medium-Chain Triglycerides Market is segmented into fatty acid type,
application, regional distribution, and company. Based on its fatty acid type, the
caprylic acid segment held the largest share in the market. One of the fatty
acids found in coconut oil is caprylic acid. It is a medium-chain fatty acid
known for its antibacterial, antifungal, and anti-inflammatory properties.
These remarkable properties contribute to its potential effectiveness in
treating various ailments. Additionally, caprylic acid acts as an antioxidant,
providing skin benefits and enhancing the antioxidant effects of skincare
products. Beyond its skincare applications, caprylic acid is also utilized as
an antimicrobial pesticide for surface sanitization in the food and dairy
industries. Furthermore, it serves as a disinfectant in specific healthcare
sectors and services. These multifaceted uses and benefits of caprylic acid are
anticipated to be the major factors influencing the growth of the medium-chain
triglycerides market throughout the forecast period.
Based on region, Asia Pacific segment is expected to
grow during the forecast period.
The surge in demand for dietary supplements and
increased consumption of medium chain triglycerides (MCTs) in the nutraceutical
sector can be ascribed to various factors. One significant factor is the
growing awareness among consumers about the potential health benefits of MCTs,
such as improved energy levels and enhanced metabolism. Additionally, the
presence of a high youth population in the region further drives the market for
MCTs, as younger consumers tend to be more health-conscious and open to trying
new products. Moreover, the regional market is characterized by the presence of
key market players, including ChinaHemp, Scion Chem Pvt. Ltd, Stepan Company,
and Bioriginal Food and Science Corp. These companies play a crucial role in
increasing awareness regarding the benefits of MCTs, thus contributing to the
overall growth of the market. With their expertise and extensive research, they
are constantly working towards developing innovative MCT-based products that
cater to the evolving needs and preferences of consumers.
As a result, the demand for MCTs in dietary
supplements and sports drinks is expected to witness significant growth in the
coming years. The combination of increasing consumer awareness, the presence of
key market players, and the rising popularity of health and wellness trends is
driving the demand for MCTs, making them a sought-after ingredient in the
nutraceutical industry.
Major companies operating in Global Medium-Chain
Triglycerides Market are:
- BASF SE
- DuPont de Nemours Inc
- Lonza Group Ltd.
- Croda International Plc
- The Procter & Gamble Company
- Wilmar International Ltd
- Stepan Company
- Sternchemie GmbH & Co. KG
- Koninklijke DSM N.V.
- Emery Oleochemicals LLC
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“Growing application of medium-chain triglycerides in
various end user industries are key drivers of the medium-chain triglycerides market.
Growth in competitive landscape and presence of well-established companies in
the market who are dedicated to enhance their productivity of medium-chain triglycerides
with every passing year are anticipated to register an impressive growth to Global
Medium-Chain Triglycerides Market in the forecast period.,” said Mr. Karan
Chechi, Research Director with TechSci Research, a research-based management
consulting firm.
“Medium-Chain Triglycerides Market By Fatty
Acid Type (Caprylic Acid, Lauric Acid, Capric Acid, Caproic Acid), By Application
(Pharmaceutical, Personal Care, Infant Formula, Others), By Region, By Competition Forecast & Opportunities, 2018-2028F”, has evaluated
the future growth potential of Global Medium-Chain Triglycerides Market and
provides statistics & information on market size, structure and future
market growth. The report intends to provide cutting-edge market intelligence
and help decision makers take sound investment decisions. Besides, the report
also identifies and analyzes the emerging trends along with essential drivers,
challenges, and opportunities in Global Medium-Chain Triglycerides Market.
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