Medium-chain Triglycerides are fatty acids with carbon chain and medium chain. The majority of medium-chain triglycerides are produced in a laboratory by processing palm and coconut oils. Medium-chain Triglycerides are an oily liquid that is drab or slightly yellowish in colour. It is soluble in methylene chloride, alcohol, fatty oil and light petroleum, but not in water. It has become more popular in the sports world as a replacement for traditional fats in the diet.
Covid-19 Impact & Market Status:
During the pandemic, consumers are consuming more private and branded label items, which has been associated to better immunity. In general, consumers choose branded things because of their growing faith in the brand and the belief that they are created with safe and high-quality ingredients. Retailers have noticed an increase in premium vegan item sales, indicating a shift in client purchasing habits. Following the COVID-19 epidemic, consumers have become more mindful of what they eat, and they are experimenting with and incorporating luxury foods into their diets, even if they are more expensive. Similarly, despite the fact that some MCTs, such as natural components and plant-based MCTs, are more expensive than conventional ingredients, consumers prefer them.The availability of replacements such as mineral oil, as well as poor conditions resulting from the COVID-19 outbreak, are two main limitations that are predicted to limit market expansion.
The market will be dominated by the Asia-Pacific region.
Asia-Pacific region will have the greatest growth in the market for (MTC). The demand for medium-chain triglycerides such as capric, lauric and caprylic has been rising in countries such as India, Japan and China owing to rising demand from various end-user industries such as pharmaceuticals, personal care & cosmetics,and food & beverages.
Dietary and health supplements is expected to be the most popular application segment during forecast.
Dietary and health supplements is expected to be the most popular application segment during forecast period. Because of their capacity to minimise and prevent the occurrence of multiple diseases such as cardiovascular, Alzheimer's, Chyle Leaks, and gastrointestinal issues, medium chain triglycerides are frequently employed in the formulation of various health and dietary supplements. Regular consumption of medium chain triglycerides raises metabolism, lowers fat deposition in adipose tissue, and lowers food intake, all of which contribute to a reduction in obesity. It is also utilised in the formulation of sports nutrition supplements that are eaten during training to improve endurance, reduce body fat, and increase lean muscle mass.
During the forecast period, the market for Lauric acid, is predicted to grow at highest rate.
From 2022 to 2029, the lauric acid market is predicted to grow at greatest rate of 6.8%. The growing number of patients is expected to promote the pharmaceutical industry's overall growth, which will increase demand for lauric acid. Lauric acid is largely used to prevent HIV infection in children from their mothers. As a result, the growing number of patients is expected to promote the pharmaceutical industry's overall growth, which will increase demand for lauric acid.
The global market for medium chain triglycerides is estimated to grow at compound annual growth rate (CAGR) of 6.8% predicted from 2022 to 2029 to reach a market valuation of 1582 million during this period.
Coconut oil, cheese, butter, milk, palm kernel oil and yoghurt all contain medium-chain triglycerides (MCT). Medium-chain Triglycerides (MCTs) are abundant in coconut (MCT). It is a unique type of dietary fat that has many health benefits.
During the forecast period, the rising trend of consumers adopting a healthy lifestyle is likely to promote medium-chain triglycerides (MCT) consumption-based on dietary and health supplement use. Medium-chain triglycerides are becoming increasingly popular among athletes as a performance enhancer. Supplements containing medium-chain triglycerides have been shown to be effective in the treatment of diarrhoea, steatorrhea, and patients undergoing stomach or intestine surgery. The expansion of the Medium Chain Triglycerides Market is fueled by the health benefits of medium-chain triglycerides and rising consumer awareness. In addition, the growing demand for nutritional supplements in Asia Pacific is predicted to boost the growth of the (MCT) Market in the region over the projection period, owing to expanding consumer awareness and a developing retail sector.
Furthermore, important factors such as positive growth in athletic activities across regions, an increase in strategic marketing activities by major manufacturers to build a bigger consumer base, and rising demand for functional dietary supplements are likely to fuel market expansion. Furthermore, government healthcare programmes are likely to fuel the growth of the MTC Market during the period of 2022-2029, resulting in increased fitness awareness among individuals.
However, raw material price fluctuation has an impact on final manufacturing costs, and the availability of alternative synthetic goods may limit market growth throughout the forecast period.
The major market players of Medium-chain Triglycerides Market are BASF SE, DuPont, Stepan Company Wilmar International Ltd, and Croda International Plc among others.
Major Developments in Medium-chain Triglycerides Market:
Croda International PLC bought Alban Muller, a botanicals expert, in March 2021 to add to its range of active ingredients used in cosmetics and personal care products.
Dr Reddys Laboratories Ltd announced the launch of 'Celevida Maxx' in August 2020, a product designed for critical care, to manage the nutritional requirements of cancer and chronic obstructive pulmonary disease (COPD) patients in India.
Nexe Innovations, a plant-based materials company, released a micro-ground soluble coffee with organic medium chai triglycerides in a totally compostable coffee pod in February 2021.
Medium-chain Triglycerides Market Scope
|Forecast Unit||Value (USD)|
|Revenue forecast in 2028||USD 1582 million|
|Growth Rate||CAGR of 6.8 % during 2021-2028|
|Segment Covered||Fatty Acid Type, Application, Regions|
|Regions Covered||North America, Europe, Asia Pacific, Middle East and Africa, South America|
|Key Players Profiled||BASF SE, DuPont, Stepan Company Wilmar International Ltd, and Croda International Plc among others.|
Key Segments of Medium-chain Triglycerides Market
- By Fatty Acid Type
- By Application
- Dietary and Health Supplements
- Food and Beverages
- Personal Care and Cosmetics
- By Region
- North America
- Rest of Europe
- Asia Pacific
- Rest of Asia Pacific
- South America
- Rest of South America
- Middle East & Africa