Synopsis of Medium Chain Triglycerides Market
Medium chain triglycerides are also known as MCT, a class of triglycerides, which contains fatty acid with an aliphatic tail of 6-12 atoms of carbon. The major sources of these triglycerides are palm and coconut. Medium chain triglycerides are slightly yellowish oil liquid, which is widely used as a substitute for normal fats. The major applications of medium chain triglycerides are nutritional diet, cosmetics & personal care, pharmaceuticals, sports drinks, and infant nutrients. The health benefits of this triglyceride such as efficient metabolism, proper weight management, and healthy cognitive functioning pave its way into many dietary supplements and sports drinks. Moreover, it is also used in the treatment of various diseases such as diarrhea, gallbladder disease, jaundice, Whipple’s disease, and Alzheimer’s diseases, and others. The increasing demand for sports supplements along with the growing awareness of the health benefits of medium chain triglycerides is the major factors driving the growth of the global medium chain triglycerides market. Furthermore, the growing prevalence of lifestyle diseases across the globe is further anticipated to augment the market growth during the assessment period 2017-2023.
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Market Segmentation
The global medium chain triglycerides market is segmented into the source, form, fatty acid type, and application. On the basis of the source, the market is segregated into coconut, palm, and others. The market by form is bifurcated into dry form and liquid form. On the basis of the fatty acid type, the global market can be segregated into caprylic acid, capric acid, lauric acid, and caproic acid. On the basis of the application, the market is further segmented into dietary supplements, cosmetic & personal care, pharmaceuticals, sports drinks, infant nutrition, and others.
Market Scenario
Among the various applications of the medium chain triglyceride, the dietary supplement segment was the largest segment in 2016 and is expected to show the same trend during the forecast years. The health benefits of medium chain triglyceride, such as reducing hormonal imbalances, weight gain, gut problems, and cognitive disorders among others, are positively affecting the growth of the segment.
The global medium chain triglyceride market is spanned across five key regions:, Europe, Asia Pacific, North America Latin America, and the Middle East & Africa. Among these, Asia Pacific is expected grow at an expanding CAGR during the forecast period.. The grwoing development of the cosmetic & personal care industry along with the pharmaceutical industry is anticipated to fuel the demand for medium chain triglyceride in the region. Moreover, the rising instances of malnutrition in Asia Pacific region are projected to further fuel the market growth during the review period.
The European region is estimated to witness steady growth owing to growing consumption of medium chain triglyceride from the cosmetic and personal care industry. Moreover, the growing usage of medium chain triglyceride as fat burners by atheletes is another major factor positively effecting the market growth.The North American medium chain triglyceride market is mainly driven by the U.S. and Canada. The presence of the developed end-user industries coupled with the increasing adoption rate is contributing significantly to the growth of the market. Moreover, the growing prevalence of obesity and other lifestyle diseases are expected to propel the growth of the market.
Competitive Analysis
- Sternchemie GmbH & Co KG
- Emery Oleochemicals
- KLK Oleo
- BASF SE
- DuPont
- Wilmar International Ltd
- Stepan Company
- Sternchemie Lipid Technology
- Jarrow Formulas
- ABITEC
Geographical Analysis
The report covers brief analysis of the major geographic regions namely Asia Pacific, Europe, North America, Latin America, and the Middle East & Africa.
Intended Audience
- Medium chain triglycerides market manufacturers
- Traders and Distributors of Medium chain triglycerides market
- Production process industries
- Potential investors
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