Medium-Chain Triglycerides Market Share Revenue Analysis & Region and Country Forecast To 2030

 


According to the MRFR reports, the global medium-chain triglycerides is expected to grow at 6.80% CAGR between 2021 and 2030, with a projected market value of USD 1,359.25 million by 2030.

Medium-chain triglycerides are made from two or three fatty acids. MCT is obtained from the processing of coconut and palm kernel oils. The global market for medium-chain triglycerides has witnessed massive growth over recent years owing to factors such as growing demand for functional food supplements, increasing the demand for different types of medium-chain triglycerides, escalation in demand from food processing and beverage making industries, and growing areas of applications such as medicinal products, infant nutrition, personal care products, and dietary supplements. However, the growth of the MCT market is anticipated to be impeded by the cost involved in research and development activities and high production costs.

Segment Analysis

The global market for Medium-Chain Triglycerides Market Trends is divided into several segments based on application, type, source, form, and region.

The global MCT market is bifurcated into caproic, lauric, capric, and caprylic based on type.

Based on form, the MCT market is split into liquid and dry.

By source, the global MCT market is bifurcated into coconut oil, palm kernel oil, and others.

The MCT market is divided into personal care, pharmaceuticals, food & beverages, and others based on application.

Regional Analysis

The global Medium-Chain Triglycerides Market Overview is studied across five major regions: North America, South America, Europe, Asia-Pacific, and the Middle East & Africa.

The North American Medium-Chain Triglycerides Market Overview regional will likely secure the top position globally over the review timeframe. The regional market's growth is being driven by the increasing demand for convenience and processed food items, the growing inclination of consumers toward healthy lifestyles, and the growing demand for healthy and nutritious food among consumers across the region. The US and Canada are the leading growth contributors in the regional market for medium-chain triglycerides.

The Asia-Pacific regional medium-chain triglycerides market is projected to register the highest growth over the assessment timeframe. The regional market's growth is attributed to the growing demand for applications such as food additives, personal care, surfactants, and detergents. Furthermore, the rising use of personal care products such as cosmetics, creams, gels, and lotions is also one of the vital factors to boost the performance of the regional MCT market.

Competitive Analysis

The global market for medium-chain triglycerides has an intensely competitive landscape. The players in the global MCT market are adopting several new strategies such as partnerships, mergers, product development, acquisitions, etc., strengthening their market position. The leading players in the medium-chain triglycerides market include Timur Oleochemicals Malaysia Sdn.Bhd. (Malaysia), Lonza Group Ltd. (Switzerland), Croda International PLC. (UK), Jarrow Formulas (US), Stepan Company (US), E. I. du Pont de Nemours and Company (US), KLK Oleo (Malaysia), Sternchemie GmbH & Co KG (Germany), Procter & Gamble Company (US), ABITEC (US), Wilmar International Ltd (Singapore), Emery Oleochemicals (US), BASF SE (Germany), Sternchemie Lipid Technology (Germany), Koninklijke DSM N.V. (Netherlands), and several others.

Recent Developments

·         November 2021 - a leader in plant-based materials manufacturing, NEXE Innovations Inc., has announced that its XOMA Superfoods product line has received approval for listing with leading Canadian eCommerce retailer, Walmart.ca. The products are well-matched with Keurig® single-serve brewing systems and are sold in packages of 12 pods.

The product line by XOMA Superfoods product line includes:

ü  Keto Cocoa

ü  Matcha

ü  Turmeric Golden Milk

ü  Coffee Fortified with medium-chain triglycerides (MCT)

ü  Keto Coffee

 

·         August 2021- Glanbia Nutritionals, a Chicago-based company, offers the weight management and sports nutrition markets with the latest keto powder ingredient, the latest that combines medium-chain triglyceride (MCT) oil and whey protein. KetoSure MCT enables companies to develop keto-friendly weight management and sports nutrition products. The company revealed in a press conference that Glanbia Nutritionals' latest KetoSure MCT offers customers an extraordinary ketogenic ingredient, which blends premium whey protein isolate with high-quality, coconut-based MCT oil in a powder format.

Related Reports:

Virgin Coconut Oil Market Research Report by Category (Organic and Conventional), Packaging Type (Bottles & Jars, Pouches and others), Distribution Channel (Store-Based (Hypermarkets & Supermarkets, Convenience Stores and others) Non-Store-Based) and Region (North America, Europe, Asia-Pacific, and Rest of the World) - Forecast till 2030 -

Organic Coconut Water Market information: by Type (Pure and Mixed), by Packaging Type (Cartons, Bottles, and Others), by Distribution Channel (Store-based and Non-store-based) and by Region (Asia-Pacific, Europe, North America, Latin America, and Middle East & Africa) - Global Forecast till 2027

Dry Ice Market Research Report - Forecast till 2030

 

About Market Research Future:

At Market Research Future (MRFR), we enable our customers to unravel the complexity of various industries through our Cooked Research Report (CRR), Half-Cooked Research Reports (HCRR), Raw Research Reports (3R), Continuous-Feed Research (CFR), and Market Research Consulting Services. MRFR team have supreme objective to provide the optimum quality market research and intelligence services to our clients. Our market research studies by Components, Application, Logistics and market players for global, regional, and country level market segments, enable our clients to see more, know more, and do more, which help to answer all their most important questions.

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