Global Medium Chain Triglycerides (MCT) Market To Cross USD 528.2 MN By 2025
Posted On April 18, 2019
The Global Medium Chain Triglycerides (MCT) Market was valued USD 298.4 MN (by revenue) in 2018 and is projected to reach USD 528.2 MN by 2025 with a CAGR of 8.5% from 2019 to 2025, according to the Value Market Research. The global MCTs market is expected to perceive robust growth owing to the increasing application of MCTs in the food industry. Also, its use as an excipient which acts as a carrier or suspension medium for oil soluble antibiotics and drugs is expected to add enormous growth to the market. Moreover, rising applications of the product in the surfactants, food additive, personal care, and detergents is further propelling market growth. High demand from the cosmetic industry where it is used as emollients and high-quality carriers in the production of skin care products is again augmenting the market growth under the study period.
Medium-chain Triglycerides (MCTs) are triglycerides whose fatty acids isan aliphatic tail of 6–12 carbon atoms. They are oily & slightly yellowish liquid, insoluble in water but are miscible with a compound like alcohol, methylene chloride, light petroleum, and fatty oil. These fats are the source of healthy fats that are required by the body. Medium-chain Triglycerides (MCT) is mainly present in food products such as palm kernel oil, coconut oil, cheese, butter, milk, and yogurt.
The report "Global Medium Chain Triglycerides (MCT) Market Report By Product Type (Lauric Acid, Caprylic Acid, Caproic Acid, And Capric Acid), Applications (Food, Medical, And Other) And By Regions - Industry Trends, Size, Share, Growth, Estimation and Forecast, 2018-2025" provides an in-depth analysis covering all the important parameters of the market
The market segmentation has been done on the basis of product type, applications, and regions. By type, the market has been segregated into lauric acid, caprylic acid, caproic acid, and capric acid. Lauric acid is gaining high demand since it is comparatively inexpensive and has prolonged shelf-life. Also, it has huge demand across soaps & detergent and personal care industry which is expected to fuel the segment growth. Moreover, it also has wide application as a chemical intermediate and precursor in plastic, lubricants, pharmaceuticals etc. which is again boosting its demand. By application, the market has been split into food, medical, and other. Food segment is dominating owing to the rising usage of the products in beverages, nutritional bars, and energy drinks and foods. It is also used as a food emulsifier and to offer different flavors to enhance the taste of the food products. Region-wise the market has been studied across North America, Europe, Asia-Pacific, Latin America, and the Middle East and Africa. At present, Asia-Pacific is dominating the market owing to the rising demand from cosmetic and food and beverage industry in the region.
The Report Segments Global Medium Chain Triglycerides (MCT) Market -
By Product Type
- Lauric Acid
- Caprylic Acid
- Caproic Acid
- Capric Acid
- Other Application
- North America
- Latin America
- Middle East and Africa
Players Profiled In The Report:
A&A FratelliParodi SRL, ABITEC Corporation, Acme-Hardesty Co., Avik Pharmaceutical Ltd., BASF SE, Britz Inc., Croda International, Dr.Straetmans GmbH, Elementis PLC, Emery AG, Henry Lamotte Oils GmbH, Lonza Group Ltd, Magna-Kron Corporation, Musim Mas Holdings Pte. Ltd., Peter Cremer Holding GmbH & Co. KG, Stepan Company, Sternchemie GmbH & Co. KG, Wilmar International Limited, Wumei Holdings Inc. and Zhejiang Wumei Chemical Product Co. Ltd.
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