IMARC Group, a leading market research company, has recently released a report titled “Medium Chain Triglycerides Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2023-2028.” The study provides a detailed analysis of the industry, including the global medium chain triglycerides market share, size, trends, and growth forecasts. The report also includes competitor and regional analysis and highlights the latest advancements in the market.
How Big is the Medium Chain Triglycerides Market?
|Market Size in 2022||US$ 809.1 Million|
|Market Forecast in 2028||US$ 1,163.5 Million|
|Growth rate (2023 to 2028)||CAGR of 6.18%|
|Base Year of the Analysis||2022|
What are Medium Chain Triglycerides?
Medium chain triglycerides (MCTs) represent dietary fats with a glycerol molecule attached to three fatty acid chains. In line with this, MCTs easily get oxidized and absorbed into the bloodstream, unlike other lipid molecules that require a complex digestion process. Consequently, they are extensively utilized for the management of various gastrointestinal disorders across the globe. Medium chain triglycerides are also used to treat steatorrhea resulting from malabsorptive conditions, such as prior gastrectomy, pancreatic insufficiency, small bowel resection, etc. As such, they find wide-ranging applications in dietary health supplements, pharmaceuticals, personal care, etc.
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What are the Growth Prospects and Trends in the Medium Chain Triglycerides Industry?
The rising prevalence of gastrointestinal and malabsorptive disorders is primarily driving the medium chain triglycerides market. Additionally, the widespread adoption of MCTs, as they are generally administered in the form of capsules, ointments, tablets, powders, injections, etc., and are derived from organic and natural sources, including palm oil, coconut oil, butter, etc., is further catalyzing the market growth. Besides this, the inflating popularity of medium chain triglycerides in aromatherapy and extensive investments in R&D activities by key market players, as MCTs show promising results in the management of cardiovascular diseases, obesity, and neurological disorders, are acting as significant growth-inducing factors. Moreover, the launch of favorable policies by government bodies, healthcare groups, and non-governmental organizations (NGOs) to spread awareness regarding chronic and lifestyle diseases is positively influencing the global market. Apart from this, the growing consumer health consciousness is also stimulating medium chain triglycerides market growth. Furthermore, the expanding pharmaceutical industry is anticipated to fuel the medium chain triglycerides market over the forecasted period.
Who are the key players operating in the Medium Chain Triglycerides Market?
The competitive landscape of the industry has also been examined along with the profiles of the key players.
- BASF SE
- ConnOils LLC
- Croda International Plc
- DuPont de Nemours Inc.
- IOI Oleo GmbH
- KLK OLEO
- Musim Mas Holdings
- NOW Foods
- Sternchemie GmbH & Co. KG
- The Procter & Gamble Company
- Wilmar International Limited.
What is included in market segmentation?
The report has categorized the market based on type, source, form, application and region.
Breakup by Type:
- Caproic Acid (C6)
- Caprylic Acid (C8)
- Capric Acid (C10)
- Lauric Acid (C12)
Based on Source:
- Coconut Oil
- Palm Kernel Oil
Analysed by Form:
Breakup by Application:
- Dietary and Health Supplements
- Personal Care and Cosmetics
- North America (United States, Canada)
- Europe (Germany, France, United Kingdom, Italy, Spain, Others)
- Asia Pacific (China, Japan, India, Australia, Indonesia, Korea, Others)
- Latin America (Brazil, Mexico, Others)
- Middle East and Africa (United Arab Emirates, Saudi Arabia, Qatar, Iraq, South Africa Others)
Key Highlights of The Report:
- Market Performance (2017-2022)
- Market Outlook (2023-2028)
- Market Trends
- Market Drivers and Success Factors
- SWOT Analysis
- Value Chain Analysis
- Comprehensive mapping of the competitive landscape
If you need specific information that is not currently within the scope of the report, we will provide it to you as a part of the customization.
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