The global Medium-chain triglycerides market size is estimated to be valued at USD 763 million in 2021. It is projected to reach USD 1,034 million by 2026, recording a CAGR of 6.3%during the forecast period. The market for medium-chain triglycerides is driven by the rising demand for nutritional food and the increasing health consciousness among consumers. The preference for natural food additives over synthetic ones to eliminate health concerns also drives the demand for medium-chain triglycerides, as these are generally extracted from natural sources such as milk fats, coconut, and palm kernel oil.
Key players in this market include BASF SE, Dupont, Koninklijke DSM N.V., Lonza Group Ltd., and Musim Mas Holdings.
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BASF SE is a leading chemical company, which is listed on the stock exchanges in Frankfurt (Germany), London (UK), and Zurich (Switzerland). The company operates through segments, namely, Chemicals, Materials, Industrial Solutions, Surface Technologies, Nutrition & Care, and Agricultural Solutions. For financial reporting, it has organized its regional divisions into four: Europe, North America, Asia Pacific, and South America/Africa/Middle East. The company’s product range includes plant sterols, conjugated linoleic acid, fish oil, omega-3 oils, medium-chain triglycerides (MCT), colorants, fat and water-soluble vitamins, antioxidants, emulsifiers, etc.
BASF operates globally through its subsidiaries in 90 countries with 390 production sites. It primarily operates in Europe and has an active presence in North America, Asia Pacific, South America, Australia, Africa, and the Middle East. Its key competitors of the company are E. I. du Pont de Nemours and Company (US), Koninklijke DSM N.V. (Netherlands), and Lonza Group Ltd. (Switzerland).
DuPont is one of the leading global companies offering science-based products and services, particularly chemicals. The company operates through five major business segments: Electronics & Imaging, Nutrition & Biosciences, Transportation & Industrial, Safety & Construction, and Non-core. It offers functional food ingredients and medium chain triglycerides under its Nutrition & Biosciences segment. The three major product lines of the company under the Nutrition & Biosciences segment include food & beverages, health & biosciences, and pharma solutions.
DuPont develops, produces, and markets a wide variety of clean label ingredients to the global market. It provides science- and technology-based products, materials, and services. It also serves the government and public sector organizations from the service & protection, energy, and utilities verticals.
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Koninklijke DSM N.V. is engaged in the production of nutritional and pharmaceutical ingredients and industrial chemicals. The company operates through four segments—Nutrition, Materials, Innovation Center, and Corporate Activities. It offers medium-chain triglycerides through its Nutrition segment. This segment consists of the following business units: Animal Nutrition & Health, Human Nutrition & Health, and Personal Care. The Nutrition segment comprises DSM Food Specialties and DSM Nutritional Products that offer customized premixes with essential nutrients such as vitamins, minerals, and amino acids, to the animal feed, food, pharmaceuticals, and personal care industries.
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