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Medium-chain Triglycerides Market Size By Source (Coconut, Palm), By Application (Nutritional Supplements, Food & Beverage, Pharmaceutical, Cosmetics & Personal Care), COVID-19 Impact Analysis, Regional Outlook, Growth Potential, Competitive Market Share & Forecast, 2023 – 2032

  • Report ID: GMI5216
  • Published Date: Feb 2023
  • Report Format: PDF

Industry Drivers

Medium-chain Triglycerides Market size surpassed USD 1.3 billion in 2022 and is projected to expand at over 6% CAGR from 2023 to 2032.
 

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Increasing prevalence of obesity in western countries, particularly across North America is expected to proliferate the need for weight management supplements containing medium-chain triglycerides (MCTs). Lack of nutrition, rapid adoption of sedentary lifestyles, improper diet, and the increasing consumption of alcohol are some of the key contributors to adult obesity. According to the 19th annual report by the Trust for America’s Health (TFAH) on the obesity crisis, 19 U.S. states reported more than 35% growth in obesity rates in 2022, up from 16 states in 2021. Hence, the growing burden of obesity will fuel the application scope of MCT for enhanced weight management and mental function.
 

Easy availability of alternative products may hamper the industry growth

The rising use of mineral oils as substitutes for MCTs and MCT products could impede the medium-chain triglycerides market analysis. Mineral oils are extensively used to manufacture cosmetics and personal care products as opposed to MCTs as they provide better strength and moisture retention properties. Additionally, unlike MCT-based oil formulations, mineral oils offer excellent lubrication properties along with suitable spreadable consistency.
 

Rising preference for palm sources to counter vitamin E deficiency to fuel the segment growth

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The medium-chain triglycerides market valuation from the palm source segment is poised to surpass USD 835 million by 2032. Palm seeds and kernels are widely used to manufacture MCTs due to their high production yield at 3.3t/ha as compared to rapeseed and sunflower with a 0.7t/ha yield. Palm oil is a rich source of MCTs and antioxidants offering numerous health benefits, including a healthy immune system. The growing health concerns associated with age-related macular degeneration, cardiovascular diseases, and certain cancers are also driving the consumer preference for a vitamin E-rich diet, further emphasizing on MCT oils produced from palm kernels.
 

Rising application scope in food and beverages to drive the industry trends

Authors: Kiran Pulidindi, Kunal Ahuja

Frequently Asked Questions (FAQ) :

The market size of medium-chain triglycerides worth USD 1.3 billion in 2022 and is set to witness over 6% CAGR between 2023 and 2032.
The food & beverage applications segment is poised to expand at a CAGR of 5.5% from 2023 to 2032, due to surging use in the manufacturing of functional foods.
The market size for medium-chain triglycerides in Asia Pacific is projected to exceed USD 765 million by 2032, owing to the rising rate of pharmaceutical manufacturing.
BASF, Lonza, Croda International, Acme Hardesty, Stepan Company, KLK OLEO, and Sternchemie GMNH & CO. KG. are some of the major companies in the market.

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Premium Report Details

  • Base Year: 2022
  • Companies covered: 9
  • Tables & Figures: 191
  • Countries covered: 21
  • Pages: 188
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