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MCT Oil Market Size

Report ID: GMI7346
Published Date: Nov 2023
Report Format: PDF

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MCT Oil Market Size

MCT Oil Market in terms of transaction was valued at USD 780 million in 2022 and is anticipated to register a CAGR of 7.6% between 2023 and 2032.

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Increasing consumer awareness of the health benefits associated with MCT oils, such as weight management, improved cognitive function, and enhanced energy levels, has boosted demand for these products. In addition, MCT oils are a staple in the ketogenic diet, which has gained popularity due to its potential for weight loss and metabolic health. This trend has driven the demand for MCT oils as a dietary supplement.

MCT Oil Market Report Attributes
Report Attribute	Details
Base Year:	2022
MCT Oil Market Size in 2022:	USD 780 Million
Forecast Period:	2023 to 2032
Forecast Period 2023 to 2032 CAGR:	7.6%
2032 Value Projection:	USD 1.62 Billion
Historical Data for:	2018 to 2022
No. of Pages:	180
Tables, Charts & Figures:	273
Segments covered:	Source, Type, Form, Application
Growth Drivers:	Growing Health and Wellness Trends Ketogenic Diet Popularity
Pitfalls & Challenges:	Fluctuation Raw Material Prices Environmental Concern

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MCT oils are derived from sources like coconut oil and palm kernel oil, and their prices can be influenced by supply and demand dynamics, weather conditions, and geopolitical factors, leading to price volatility. In addition, the production of palm kernel oil, one of the primary sources of MCTs, is associated with deforestation and habitat destruction, leading to environmental concerns and negative publicity for products containing palm-derived MCTs.

Authors: Kiran Pulidindi, Manish Mohanan

Frequently Asked Questions (FAQ) :

Market size for MCT oil was worth USD 0.78 billion in revenue in 2022 and is set to record 7.6% CAGR from 2023 to 2032 driven by the rising consumer awareness of the health benefits.

The coconut oil segment held 43.5% revenue share of the MCT oil market in 2022 and is likely to witness high demand between 2023 and 2032 attributed to the increasing consumer preference for sustainable and clean-label products.

Asia Pacific MCT oil industry was USD 0.27 billion in revenue in 2022 and is estimated to expand at a notable pace through 2032 attributed to the surging health and wellness awareness among the regional consumers.

Some of the major MCT oil companies are Stepan, BASF, KLK OLEO, Nisshin OilliO Group, Wilmar International Limited, Musim Mas Holdings Pte. Ltd., Croda International, Lonza, ABITEC Corporation, and Valio, among others.