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The Global Medium Chain Triglycerides Market was valued at US$ 876.1 Mn in 2023 and is forecast to reach a value of US$ 1,286.2 Mn by 2030 at a CAGR of 5.6% between 2023 and 2030.
Report Coverage
Report Details
Base Year:
2022
Market Size in 2023:
US$ 876.1 Mn
Historical Data for:
2018 to 2021
Forecast Period:
2023 - 2030
Forecast Period 2023 to 2030 CAGR:
5.60%
2030 Value Projection:
US$ 1,286.2 Mn
Figure 1. Global Medium Chain Triglycerides Market, By Region
Medium Chain Triglycerides (MCTs) are widely used in the food and beverages industry as a source of healthy fats. They are used in a variety of products including energy bars, sports drinks, and meal replacement shakes. MCTs are also used in the pharmaceutical industry as a source of energy for patients who are unable to consume food orally. They are also used in nutritional supplements and medical foods. Moreover, medium chain triglycerides are also used in the personal care industry in a variety of cosmetic products including lotions, creams, and hair care products. They have moisturizing and emollient properties, making them a popular ingredient in these products.
Market Dynamics:
The pharmaceutical industry has become a one of the major drivers of the demand for Medium Chain Triglycerides (MCTs) in recent years. MCTs are increasingly being used as excipients in pharmaceutical products due to their ability to enhance the solubility and bioavailability of Active Pharmaceutical Ingredients (APIs). According to the World Health Organization (WHO), the global pharmaceutical sales are projected to reach US$ 1.6 trillion by 2025, up from $1.2 trillion in 2020. This growth will spur the demand for pharmaceutical excipients like MCTs.
MCTs are also particularly useful for lipid-based drug delivery systems, which improve the absorption of poorly water-soluble drugs. The growth in the biopharmaceutical pipeline relying on lipid excipients is contributing to the MCT demand.
Overall, expanding pharmaceutical sales, growth in biopharmaceutics, and potential direct uses of MCTs as APIs are fueling the rising demand from the pharmaceutical sector. This creates a positive long-term growth trajectory for the global medium chain triglycerides market.
Key features of the study:
This report provides an in-depth analysis of the global medium chain triglycerides market, and provides market size (US$ Million) and Compound Annual Growth Rate (CAGR %) for the forecast period (2023-2030), considering 2022 as the base year
It elucidates potential revenue growth opportunities across different segments and explains attractive investment proposition matrices for this market
This study also provides key insights about market drivers, restraints, opportunities, new product launches or approvals, market trends, regional outlook, and competitive strategies adopted by key players
It profiles key players in the global medium chain triglycerides market based on the following parameters such as company highlights, products portfolio, key highlights, financial performance, and strategies
The key companies covered as a part of this study include BASF SE, Wilmar International Limited, Lonza, Koninklijke DSM N.V., Stepan Company, Nutricia, Jarrow Formulas, E. I. du Pont de Nemours and Company, KLK Oleo, and The Procter & Gamble Company
Insights from this report would allow marketers and the management authorities of the companies to make informed decisions regarding their future product launches, type up-gradation, market expansion, and marketing tactics.
The global medium chain triglycerides market report caters to various stakeholders in this industry including investors, suppliers, product manufacturers, distributors, new entrants, and financial analysts
Stakeholders would have ease in decision-making through various strategy matrices used in analyzing the global medium chain triglycerides market
Global Medium Chain Triglycerides Market Detailed Segmentation:
By Fatty Acid Type:
Caproic Acid
Caprylic Acid
Capric Acid
Lauric Acid
By Application:
Dietary Supplements
Pharmaceuticals
Food and Beverages
Beauty and Personal Care Products
By Region :
North America
Latin America
Europe
Asia Pacific
Middle East
Africa
Company Profiles:
BASF SE
Wilmar International Limited
Lonza
Koninklijke DSM N.V.
Stepan Company
Nutricia
Jarrow Formulas
E. I. du Pont de Nemours and Company
KLK Oleo
The Procter & Gamble Company
Table of Contents
1. Research Objectives and Assumptions
Research Objectives
Assumptions
Abbreviations
2. Market Purview
Report Description
Market Definition and Scope
Executive Summary
Market Snippet, By Fatty Acid Type
Market Snippet, By Application
Market Snippet, By Region
Coherent Opportunity Map (COM)
3. Market Dynamics, Regulations, and Trends Analysis
Market Dynamics
Rising Consumer Interest in Ketogenic and Paleo Diets that Emphasize Coconut Oil and MCTs
Increasing Use of MCTs In Various Food, Beverage, and Supplement Products
Impact Analysis
Key Highlights
Regulatory Scenario
Product Launches/Approvals
PEST Analysis
PORTER's Analysis
Merger and Acquisition Scenario
4. Global Medium Chain Triglycerides Market - Impact of Coronavirus (COVID-19) Pandemic
COVID-19 Epidemiology
Supply Side and Demand Side Analysis
Economic Impact
5. Global Medium Chain Triglycerides Market, By Fatty Acid Type, 2018-2030, (US$ Million)
Introduction
Market Share Analysis, 2023 and 2030 (%)
Y-o-Y Growth Analysis, 2023 - 2030
Segment Trends
Caproic Acid
Introduction
Market Size and Forecast, and Y-o-Y Growth, 2018-2030, (US$ Million)
Caprylic Acid
Introduction
Market Size and Forecast, and Y-o-Y Growth, 2018-2030, (US$ Million)
Capric Acid
Introduction
Market Size and Forecast, and Y-o-Y Growth, 2018-2030,(US$ Million)
Lauric Acid
Introduction
Market Size and Forecast, and Y-o-Y Growth, 2018-2030, (US$ Million)
6. Global Medium Chain Triglycerides Market, By Application, 2018-2030, (US$ Million)
Introduction
Market Share Analysis, 2023 and 2030 (%)
Y-o-Y Growth Analysis, 2023 - 2030
Segment Trends
Dietary Supplements
Introduction
Market Size and Forecast, and Y-o-Y Growth, 2018-2030, (US$ Million)
Pharmaceuticals
Introduction
Market Size and Forecast, and Y-o-Y Growth, 2018-2030, (US$ Million)
Food and Beverages
Introduction
Market Size and Forecast, and Y-o-Y Growth, 2018-2030, (US$ Million)
Beauty and Personal Care Products
Introduction
Market Size and Forecast, and Y-o-Y Growth, 2018-2030, (US$ Million)
7. Global Medium Chain Triglycerides Market, By Region, 2018-2030, (US$ Million)
Introduction
Market Share Analysis, 2023 and 2030 (%)
Y-o-Y Growth Analysis, 2018 - 2030
Segment Trends
North America
Introduction
Market Size and Forecast, and Y-o-Y Growth, By Product Type, 2018-2030, (US$ Million)
Market Size and Forecast, and Y-o-Y Growth, By End User, 2018-2030, (US$ Million)
Europe
Introduction
Market Size and Forecast, and Y-o-Y Growth, By Product Type, 2018-2030, (US$ Million)
Market Size and Forecast, and Y-o-Y Growth, By End User, 2018-2030, (US$ Million)
Asia Pacific
Introduction
Market Size and Forecast, and Y-o-Y Growth, By Product Type, 2018-2030, (US$ Million)
Market Size and Forecast, and Y-o-Y Growth, By End User, 2018-2030, (US$ Million)
Latin America
Introduction
Market Size and Forecast, and Y-o-Y Growth, By Product Type, 2018-2030, (US$ Million)
Market Size and Forecast, and Y-o-Y Growth, By End User, 2018-2030, (US$ Million)
Middle East
Introduction
Market Size and Forecast, and Y-o-Y Growth, By Product Type, 2018-2030,(US$ Million)
Market Size and Forecast, and Y-o-Y Growth, By End User, 2018-2030, (US$ Million)
Africa
Introduction
Market Size and Forecast, and Y-o-Y Growth, By Product Type, 2018-2030,(US$ Million)
Market Size and Forecast, and Y-o-Y Growth, By End User, 2018-2030, (US$ Million)