According to a new research report by Global Market Insights Inc., the Medium-Chain Triglycerides Market size is set to surpass USD 1.90 billion by end of 2027.
The medium-chain triglycerides (MCT) are partially man-made fats generally made by processing coconut and palm kernel oils. The sources of MCT includes palm, coconut, rapeseed, sunflower, and soybean oils. They are produced by esterification and contains carbohydrates in addition to fat. The product is biologically inert source of energy, and the body finds it reasonably easy to metabolize it.
They have potential beneficial attributes in protein metabolism and are rapidly absorbed by an individual body. They are manufactured by spray drying process and has application in various sectors including food & beverage, nutritional supplements, pharmaceutical, cosmetics and personal care industries.
Low cost and health benefits of palm oil is anticipated to drive the demand for palm based MCT oil thus supporting business growth
Global Medium-chain Triglycerides market by palm oil source witnessed a consumption of over USD 635 million in 2027. Palm oil derived MCT contains 3 medium-chain fatty acids which include lauric, caprylic, and capric acid. Palm contains over 50% healthy MCT’s which are much faster digested and assimilated in the body as compared to the longer chain counterpart found in most of the vegetable oils. High consumer inclination towards health along with attention towards the food they consume is anticipated to favor medium-chain triglycerides market growth.
MCT oils provide potential health benefits which includes improved cholesterol and antioxidant level which helps to reduce the risk of heart disease, as well as lowers blood sugar level. It also helps to manages diabetes, produces ketones which acts as an alternative energy source for the brain. Also, it helps to prevent brain disease like Alzheimer disease and dementia. Consumer trends shifting towards health and wellness along with adoption of food products which boosts mental state, and metabolism should fuel product demand thus accelerating the market growth.
The palm MCT’s are widely used to treat malnutrition and disorder that hinder nutrient absorption which should foster product demand. They are used in supplements to treat conditions such as diarrhea, liver disease and fat indigestion. Patents undergoing stomach or bowel surgery and athletes enduring high-intensity exercise can be benefitted from the product which should create business opportunities for medium-chain triglycerides market growth.
After the COVID-19 pandemic consumers are becoming more focused on eating for their health which is expected to fuel MCT demand. Also, the companies are working on innovating products, according to consumer choices and demand which is further anticipated to favor medium-chain triglycerides market growth. Increasing consumer interest towards products to improve mental health along with willingness to spend more money on health and wellness related items should positively impact the medium-chain triglycerides market growth.
Browse key industry insights spread across 200 pages with 151 market data tables and 15 figures & charts from the report, “Medium-Chain Triglycerides Market By Source (Coconut, Palm), By Application (Nutritional Supplements, Food & Beverage, Pharmaceutical, and Cosmetics & Personal Care), Industry Analysis Report, Regional Outlook, Application Potential, Price Trend, Competitive Market Share & Forecast, 2021 – 2027” in detail along with the table of contents:
Increasing preference towards nutritional supplement products to prevent the risk of health issues should stimulate market growth
Medium-chain triglyceride market demand from nutritional supplement application exceeded USD 730 million in 2020 and is expected to witness growth with a CAGR of over 6.5% through 2027. MCT’s are widely used in dietary supplements owing to its ability to provide instant source of energy which should foster market growth. The product provides various health benefits such as great fat loss, enhances exercise performance, and lowers cholesterol level. These factors have led to product popularity as a dietary supplement and is anticipated to witness growth in the projected time frame.
Post pandemic has led consumers seek out for dietary supplements for protection against health issues, therefore propelling the demand for nutritional supplements which should favor medium-chain triglycerides market growth. MCT’s are easier to absorb by the body and are less likely to be stored as fat thereby serving as an instant energy source. Increasing consumer inclination towards health maintenance along with consumer attention toward pre-emptily safeguarding their health in possible ways are driving the demand for dietary supplements.
The medium-chain triglycerides have absence of unpleasant taste, smell and possess antimicrobial properties which are effective in maintaining the gut health which should stimulate product demand for nutritional supplement application. The product is widely used in nutritional supplement products as it increases energy level, promotes body’s ability to burn fat and help prevent obesity which is anticipated to propel medium-chain triglycerides market growth.
Furthermore, consumers are becoming aware regarding personal health, owing to their inability to fulfill daily nutritional requirement, hectic lifestyle, and work schedules. These are few factors that are further expected to boost the growth of dietary supplements market thus expected to favor MCT’s market growth. Rising healthcare cost along with increasing risk of chronic diseases are factors which are driving the demand for nutritional supplement products which are further expected to favor medium-chain triglycerides business growth.
Increase in demand for functional beverages with high nutritional content should drive market growth in Asia Pacific
Asia Pacific medium-chain triglycerides market is slated to exceed USD 565 million by 2027, with substantial growth over the predicted time. Rapid penetration of internet along with increasing consumer knowledge about skin care and hair care products is driving the regional personal care industry. This is anticipated to stimulate the product demand for cosmetics & personal care application in the region.
Medium-chain triglycerides is highly versatile and is suitable for different skin types and wide variety of products including lip care, skin care, hair care, massage products and cosmetics. Also, the product contains antimicrobial and anti-inflammatory properties which treats various skin diseases such as eczema and bacterial skin infection.
Increasing consumer inclination towards maintenance of skin health along with high purchase of beauty care products is anticipated to drive MCT demand in the region. Growing urbanization along with rapidly surging young population are shifting consumer demand for healthy food & beverage products is anticipated to escalate product demand.