Medium Chain Triglycerides Market Report 2024

The medium chain triglycerides market size has grown strongly in recent years. It will grow from $1.88 billion in 2023 to $2.05 billion in 2024 at a compound annual growth rate (CAGR) of 9.3%. The growth observed in the historic period can be attributed to several factors, including the rising use of mineral oils, increasing demand for dietary supplements, growing interest in weight management solutions, rising consumption of healthy diets, and the overall increase in the intake of dietary supplements.

The medium chain triglycerides market size is expected to see strong growth in the next few years. It will grow to $2.96 billion in 2028 at a compound annual growth rate (CAGR) of 9.6%. The forecasted growth in the upcoming period can be attributed to the increasing prevalence of obesity, rising demand for weight management supplements, growing popularity of organic supplements, increasing consumption of nutritional foods, and the expanding market for functional foods. Key trends expected in the forecast period include the development of plant-based materials, ongoing product innovations, advancements in technology, innovation in food and beverage applications, and enhancements in delivery formats.

The rising prevalence of obesity is expected to drive the growth of the medium-chain triglycerides (MCTs) market. Obesity is a chronic and complex condition characterized by excessive body fat accumulation, negatively impacting health. Factors contributing to obesity include an increase in health-conscious behaviors, unhealthy eating habits, and a lack of exercise. Medium-chain triglycerides are quickly absorbed and transported directly to the liver, where they are rapidly converted into energy (ketones) instead of being stored as fat. This process can enhance metabolic rate and energy expenditure more effectively than long-chain fatty acids (LCTs). For example, in March 2023, the World Heart Foundation, a global cardiovascular community based in Switzerland, reported that approximately 2.3 billion adults and children worldwide are obese or overweight. It is estimated that this number will rise to 2.7 billion by 2025. Consequently, the increasing prevalence of obesity is fueling the demand for medium-chain triglycerides.

Leading companies in the medium-chain triglycerides market are focusing on developing innovative products, such as soluble organic MCT coffee, to meet the needs of health-conscious consumers seeking convenience and wellness. Organic MCT coffee is infused with organic MCT oil derived from coconut or palm kernel oil, offering benefits such as enhanced energy levels, cognitive function, and overall health. For instance, in February 2021, Xoma Super Foods, a US-based food company, and Nexe, a Canada-based composite materials company, introduced soluble organic MCT coffee in fully compostable capsules. This innovative product features a blend of organic MCTs, a fully compostable capsule, and a sustainable production process, providing a convenient and healthy coffee experience with minimal environmental impact.

In March 2021, Croda International Plc, a UK-based provider of high-performance ingredients and technologies, acquired Alban Muller for an undisclosed sum. This acquisition grants Croda access to cutting-edge technology in the botanicals market, including Zeodration, a low-energy drying technology that preserves sensitive active ingredients. Alban Muller, based in France, offers medium-chain triglycerides (MCTs).

Major companies operating in the medium chain triglycerides market are Nestle Health Science S.A., BASF SE, Wilmar International Ltd., ABF Ingredients, DuPont de Nemours Inc., Musim Mas Group, Lonza Group AG, The Nisshin OilliO Group Ltd., IOI Oleochemical, Stepan Company, Croda International Plc, KLK Oleo, Sternchemie GmbH & Co. KG (Stern-Wywiol Gruppe GmbH & Co. KG), Oleon NV, Jarrow Formulas Inc., ABITEC, Connoils LLC, Acme-Hardesty (Jacob Stern & Sons Inc.), Barlean's, CREMER OLEO GmbH & Co. KG, Henry Lamotte Oils GmbH.

North America was the largest region in the medium chain triglycerides market in 2023. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the medium chain triglycerides market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.

The countries covered in the medium chain triglycerides market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA, Canada, Italy, Spain.

Medium-chain triglycerides (MCTs) are a type of saturated fatty acid characterized by an aliphatic tail of 6-12 carbon atoms, typically sourced from coconut and palm kernel oil. They are valued for their unique properties, including their role in weight management, digestive health improvement, and energy enhancement.

The primary sources of medium-chain triglycerides include coconut, palm, and other sources. Palm-derived MCTs are specifically obtained from palm oil, which is a significant reservoir of these fatty acids. MCTs are available in various forms including dry and liquid formulations, and find application in nutraceutical supplements, food and beverage products, pharmaceuticals, cosmetics and personal care items, and other industrial uses.

The medium-chain triglycerides market research report is one of a series of new reports that provides medium-chain triglycerides market statistics, including medium-chain triglycerides industry global market size, regional shares, competitors with a medium-chain triglycerides market share, detailed chain triglycerides market segments, market trends, and opportunities, and any further data you may need to thrive in the medium-chain triglycerides industry. This medium-chain triglycerides market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenario of the industry.

The medium-chain triglycerides market consists of sales of caproic acid (hexanoic acid), caproic acid (hexanoic acid), capric acid (decanoic acid), and lauric acid (dodecanoic acid). Values in this market are ‘factory gate’ values, that is the value of goods sold by the manufacturers or creators of the goods, whether to other entities (including downstream manufacturers, wholesalers, distributors, and retailers) or directly to end customers. The value of goods in this market includes related services sold by the creators of the goods.

The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD, unless otherwise specified).

The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products.


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