Medium Chain Triglycerides Market - Forecast(2023 - 2028)

Overview

Medium Chain Triglycerides Market is forecast to reach $845.19 million by 2025, after growing at a CAGR of 7% during 2020-2025. Medium chain triglycerides (MCTs) are partially man-made fats. Medium chain triglycerides are generally made by processing coconut and palm kernel oils in the laboratory. Caprylic Acid, Caproic Acid, Capric Acid, Heptanoic Acid, Lauric Acid and Nonanoic Acid are the prime products of global medium chain triglycerides market. The medium chain triglycerides market is expected to grow during the forecast period due to excessive usage of MCTs in various applications like dietary and health supplements, personal care and pharmaceuticals industries.

Report Coverage

The report: “Medium Chain Triglycerides – Forecast (2020-2025)”, by IndustryARC, covers an in-depth analysis of the following segments of the Medium Chain Triglycerides.

Key Takeaways

• Due to usage of MCTs along with usual medications for treating food absorption disorders including fat indigestion, diarrhea, liver disease, celiac disease, and digestion problems due to partial surgical removal of the stomach or the intestine, the market for medium chain triglycerides is expected to grow.
• MCTs are also used as emollients and high-quality carriers in the manufacturing of cosmetics that are certified in accordance to set standards by Natural and Organic Ecocert.
• The demand for potential anti-aging properties of medium-chain triglycerides coupled with its property of thermogenesis has led to high demand in the personal care and dietary supplements industry.

By Type - Segment Analysis

Caprylic acid segment held a significant share of the medium chain triglycerides market in 2019. The demand for caprylic acid is projected to grow, due to its increasing consumption in and personal care and the food & beverage industries. Caprylic triglycerides work as emollient agents in different applications. Caprylic acid is a mixed trimester available only in the liquid form. It improves shelf life and creates a lubrication barrier for cosmetic products. It is widely used in many applications, including food & beverages, pharmaceuticals, personal care and industrial.

By Source - Segment Analysis

Coconut segment held a significant share of the medium chain triglycerides market in 2019. Medium-chain triglycerides (MCTs) are medium-chain fatty acids with a carbon chain that is obtained by treating oils such as palm kernel oil and coconut oil. Caprylic triglycerides work as emollient agents in different applications. They are derived from glycerin and coconut oil. Coconut oil aids in treating a health problems, especially related to inflammations such as help in maintaining healthy weight supports in reducing stored body fat by increasing metabolic functions, balances hormone levels and helps in better digestion and gives more energy.

By Application - Segment Analysis

Dietary and Health Supplement segment held a significant share of the medium chain triglycerides market in 2019. Medium-chain triglycerides have numerous health benefits, ranging from better weight management to improved cognitive functioning. Saturated fats and MCTs are good for consumption on daily basis; they help in reducing the risks associated with hormone imbalances, weight gain, gut problems, and cognitive disorders.

Geography - Segment Analysis

North America dominated the medium chain triglycerides market with a share of more than 37% during the forecast period. The growing usage of personal care products such as gels, lotions and cosmetics products for women are propelling the growth of the medium-chain triglycerides market in the North America region. Additionally, with increase in disposable incomes and busy lifestyles, the demand for nutritional food & products is growing in the region.

Drivers – Medium Chain Triglycerides Market

·         Rising health concerns

Medium chain triglycerides demand is attributed to rising health concerns associating with dietary supplements. MCTs are used for "milky urine" (chyluria) and a rare lung condition called chylothorax. Other uses include treatment of AIDS, gallbladder disease, Alzheimer's disease, cystic fibrosis and seizures in children. Athletes sometimes use MCTs for nutritional support during training, for decreasing body fat, to increase exercise performance and increasing lean muscle mass, and for weight loss.

MCTs are also used to reduce levels of cholesterol and other fats in the blood called triglycerides. MCTs are also used to increase muscle mass and strength. They are also used for a rare disease called Waldmann disease. Hence, due to exceptional usage of MCTs in dietary and health supplements the market for medium chain triglycerides is expected to grow during the forecast period.

Challenges – Medium Chain Triglycerides Market

·         High manufacturing cost

Factors such as high cost involved in R&D activities and production are restraining the market. Also, excessive intake of oral MCT oil has been associated with gastrointestinal distress, such as cramping, abdominal discomfort, gassiness, and diarrhea

Market Landscape

Technology launches, acquisitions and R&D activities are key strategies adopted by players in the medium chain triglycerides market. In 2019, the market of medium chain triglycerides has been consolidated by the top five players accounting for xx% of the medium chain triglycerides market share. Major top 10 companies of medium chain triglycerides market KLK Oleo, BASF SE, Stepan Company, Croda International PLC., E. I. du Pont de Nemours and Company and Koninklijke DSM N.V. among others.