Global Medium Chain Triglycerides Market
Report Highlights
The global Medium Chain Triglycerides Market was valued at USD 573.8 million in 2016 and is projected to reach USD 961.2 million by 2025, growing at a CAGR of 5.9% from 2017 to 2025.
Medium chain triglycerides (MCTs) are partially man-made fats. MCTs are generally made by processing coconut and palm kernel oils in the laboratory. Usual dietary fats, by comparison, are long-chain triglycerides. People use MCTs as medicine. MCTs are used along with usual medications for treating food absorption disorders including diarrhea, fat indigestion, celiac disease, liver disease, and digestion problems due to partial surgical removal of the stomach or the intestine.
Market Dynamics:
1. Market Drivers
1.1 Increasing demand as compared to other alternatives of regular fats
1.2 Growing demand from emerging economies
1.3 Increasing cases of obesity due to unhealthy lifestyles
2. Market Restraints
2.1 Fluctuating raw material prices
2.2 Availability of synthetic products
Market Segmentation:
The global Medium Chain Triglycerides Market is segmented on the basis of source, form, product, application, and region.
1. Global Medium Chain Triglycerides Market, by Source:
1.1 Coconut
1.2 Palm
1.3 Others
2. Global Medium Chain Triglycerides Market, by Form:
2.1 Dry
2.2 Liquid
3. Global Medium Chain Triglycerides Market, by Product:
3.1 Caprylic Acid
3.2 Capric Acid
3.3 Lauric Acid
3.4 Caproic Acid
4. Global Medium Chain Triglycerides Market, by Application :
4.1 Nutritional Diet
4.2 Personal Care
4.3 Pharmaceuticals
4.4 Sports Drinks
4.5 Infant Formula
4.6 Others
5. Global Medium Chain Triglycerides Market, by Region:
5.1 North America (U.S., Canada, Mexico)
5.2 Europe (Germany, UK, France, Rest of Europe)
5.3 Asia Pacific (China, India, Japan, Rest of Asia Pacific)
5.4 Latin America (Brazil, Argentina, Rest of Latin America)
5.5 Middle East & Africa
Competitive Landscape:
The major players in the market are as follows:
1. BASF SE
2. Stepan Company
3. Connoils LLC
4. STERNCHEMIE LIPID TECHNOLOGY
5. Nutricia
6. Jarrow formulas
7. Barlean's
8. NOW Foods
9. Wilmar International Limited
10. Lonza
11. KLK OLEO
12. E.I. Dupont De Nemours and Company
13. Koninklijke DSM N.V.
14. Musim Mas Holdings
15. The Procter & Gamble Company
These major players have adopted various organic as well as inorganic growth strategies such as mergers & acquisitions, new product launches, expansions, agreements, joint ventures, partnerships, and others to strengthen their position in this market.
RESEARCH METHODOLOGY OF VERIFIED MARKET INTELLIGENCE:
Research study on the Medium Chain Triglycerides Market was performed in five phases which include Secondary research, Primary research, subject matter expert advice, quality check and final review.
The market data was analyzed and forecasted using market statistical and coherent models. Also market shares and key trends were taken into consideration while making the report. Apart from this, other data models include Vendor Positioning Grid, Market Time Line Analysis, Market Overview and Guide, Company Positioning Grid, Company Market Share Analysis, Standards of Measurement, Top to Bottom Analysis and Vendor Share Analysis.
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