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Global Medium-Chain Triglycerides Market Size, Share and Industry Analysis Report by Source (Coconut, Palm) and Application (Nutritional Supplements, Food & Beverage, Pharmaceutical, and Cosmetics & Personal Care), Regional Outlook, Growth Potential, Competitive Market Share & Forecast, 2021 – 2027

  • Report ID: GMI5216
  • Published Date: Feb 2022
  • Report Format: PDF

Industry Overview

Medium-Chain Triglycerides market size exceeded USD 1.25 billion, in 2020 and is estimated to grow at over 6% CAGR between 2021 and 2027. Rapid expansion of the nutraceutical industry along with the significant adoption by the cosmetics and food & beverage industries should contribute towards the market growth.
 

medium-chain triglycerides market outlook

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Medium-chain triglycerides are often used in nutritional diets infant formula, pharmaceutical, cosmetics, functional foods, and sports drinks, as they rapidly generate energy and enhance the endurance of the human body. Owing to shorter chain length of fatty acids in triglycerides, they are quickly broken down and absorbed in the human body, making them less likely to be classified as body fat.
 

Ketogenic diets that are extremely low in carbs are effective for weight loss, and these triglycerides can be added to such diets since they produce ketones. As a result, medium-chain triglycerides are gaining popularity among health-conscious people and fuelling the medium-chain triglycerides market across the globe. Also, rising trend of microencapsulation of fats and oils are providing favourable growth to the market.
 

Successful encapsulation of sensitive ingredients, including medium-chain fatty acids in food products being reported. Thus, several key players are currently planning to encapsulate milk fat and vegetable oils in a matrix made up of whey proteins and casein-whey protein combinations. These fat-rich powders are used in a variety of food and nutritional supplement formulations, as well as pharmaceutical items.
 

Increasing inclusion of lauric acid in pharmaceutical industry should boost market growth

medium-chain triglycerides market form pharmaceutical application

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Global medium-chain triglycerides market form pharmaceutical application has expected to reach over USD 95 million by 2027 owing to rising need of lauric acid in pharmaceutical industry. Lauric acid is known as dodecanoic acid, it is a saturated fatty acid, which occurs naturally in many vegetables’ fats such as coconut and palm kernel oil. It is solid at room temperature but melts easily in boiling water. Since it is categorized in the medium fatty acid chain, it is usually white, powdery solid with a faint baby soap or oil odour.
 

Lauric acid is widely used in pharmaceutical industry as it helps to treat viral infections that includes swine flu, avian flu, common cold, influenzas and genital warts. Lauric acid is primarily used to prevent the transmission of HIV infections from mothers to children. Therefore, this acid is likely to witness high demand from pharmaceutical industry across the globe.
 

Also, lauric acid makes up most of the MCTs in coconut oil; however, it is often removed from MCT oil. Compared to other MCTs, lauric acid is the slowest to metabolize but still provides anti-microbial properties and other health benefits such as acne treatment, improve hydration and skin elasticity.
 

Increasing demand for naturally sourced products is likely to boost the market growth from coconut source segment

medium-chain triglycerides market from coconut source

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Global medium-chain triglycerides market value from coconut source was valued at USD 725 million in 2020 and anticipated to grow at a CAGR of 6.5% through 2027 owing to the growing number of consumers having obesity is also one of the significant reasons that is supporting the market growth.
 

Medium-Chain Triglycerides which are sourced form coconut has immense demand in food & beverage and cosmetics s & personal care industry. As, coconut contains no cholesterol and are rich in vitamins, minerals, and plants sterols.  It is used in food industry for manufacturing baked goods, soft candies, cheeses, frozen dairy products, gelatines and puddings and other meat products.
 

Growing skin consciousness among consumers is likely to boost market growth from cosmetics s & personal care application

medium-chain triglycerides market from cosmetics & personal care application

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Global cosmetics & personal care application segment is likely to surpass USD 290 million by 2027 as it is non-greasy, natural emollient that provides a silky skin feel. Also, increasing demand for cosmetics and personal care products owing to changing climate and increasing number of skin conscious consumer is witnessing favorable growth in medium-chain triglycerides market. Further, Medium-Chain Triglycerides has an effective antimicrobial property which helps to treat acne and other minor skin irritations.
 

As it has fatty acid which is sourced from natural products such as coconut or palm oil. Thereby, it has immense demand amongst manufactures for making personal care products such as bath products, cleansing products, other skin care products. Also, Medium-Chain Triglycerides has compounds that are oily in texture, and which helps to create barriers on the skins surface to lock in moisture.
 

Moreover, increasing demand for makeup products which are naturally sourced is gaining traction in the market. As it has compound that contains fatty acids and are non-sticky, thereby it is used for manufacturing liquid foundation, blush, lipstick, and others. High demand for cosmetics products through online channel is also supporting the medium-chain triglycerides market growth.

 

Substantial demand for nutrition rich product is supporting market growth in North America

medium-chain triglycerides market by region

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North America medium-chain triglycerides market size should exceed USD 685 Million by 2027 owing to increasing demand of nutritional supplements that contains healthy fats. Nutritional supplements include functional foods & beverage, and dietary supplements that positively impacts human health. Additionally, it is also offering medicinal or other health benefits, such as the treatment or prevention of the disease by acting on the root cause of the disease or problem.
 

Medium-Chain Triglycerides has wide acceptance in food & beverage industry as its consumption does not affect LDL cholesterol, HDL cholesterol and helps to boost in mood and cognitive performance. Thereby, to take adequate fat and carbohydrates, consumer who are suffering from obesity or other chronic disease are opting for Medium-Chain Triglycerides products.
 

Further, increasing spending on healthcare and supplements owing to a large population with obesity, diabetes, heart problems, and chronic disease has surged the demand for nutraceutical supplements and fortified food in the U.S. Positive indicators by consumers pertaining to physical wellness and nutrient-rich food products are likely to stimulate the U.S. nutraceuticals market.
 

Innovative product launches and continuous research & development activities to be key business strategies Incorporated by key players

Global medium-chain triglycerides industry is moderately fragmented, and key players include BASF, Dupont, Lonza, Croda International PLC, P&G Chemicals, Acme Hardesty are key players operating in the market. They are also showing keen interest in the market owing to extensive product adoption in many of the end use industries such as food & beverage, pharmaceutical, and cosmetics.

 

In addition, manufacturers are also engaged in several activities such as merger, acquisition or collaboration to strengthen their position in Medium-Chain Triglycerides market. For instance, On March 2021 Croda International PLC has acquired Alban Muller, which is an expert in botanicals, in order to expand its portfolio of active ingredients used in cosmetics and personal care products.
 

The medium-chain triglycerides market report includes in-depth coverage of the industry with estimates & forecast in terms of volume (Kilo Tons) and revenue in USD (Million) from 2021 to 2027 for the following segments:

By Source

  • Coconut
  • Palm
  • Others

By Application

  • Nutraceutical Supplements
  • Food & Beverage
  • Pharmaceuticals
  • Cosmetics s & Personal Care
  • Others

The above information has been provided for the following regions and countries:

By Region

  • North America
    • U.S.
    • Canada
    • Mexico
  • Europe
    • Germany
    • UK
    • France
    • Italy
    • Spain
    • Switzerland
  • Asia Pacific
    • China
    • India
    • Japan
    • South Korea
    • Australia
    • Thailand
  • Latin America
    • Brazil
  • Middle East & Africa
    • Saudi Arabia
    • UAE
    • South Africa
       
Authors: Kunal Ahuja, Sarita Bayas

Frequently Asked Questions (FAQ) :

The global medium-chain triglycerides industry size had reached over USD 1.25 billion in 2020 and is poised to record a 6% CAGR through 2027 owing to the fast-growing nutraceutical sector and higher demand from the food & beverage industries.

Medium-chain triglycerides are partially man-made fats mostly used in nutritional diets, infant formula, functional foods, pharmaceuticals, cosmetics, and sports drinks, as they quickly generate energy and improve the endurance of the human body.

The medium-chain triglycerides market revenue from the cosmetics & personal care application segment is set to record close to USD 290 million by 2027 on account of the rising number of skin conscious consumers.

The medium-chain triglycerides market share in North America is anticipated to exceed USD 685 million by 2027 driven by the surging need for nutritional supplements that contain healthy fats, in functional foods & beverages, and dietary supplements.

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Premium Report Details

  • Base Year: 2020
  • Companies covered: 9
  • Tables & Figures: 168
  • Countries covered: 19
  • Pages: 200

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