The market is anticipated to grow as a result of important aspects such the region's positive growth in sport activities, an increase in top manufacturers' strategic marketing initiatives to expand their consumer bases, and rising consumer demand for functional food supplements. Furthermore, throughout the course of the forecast period, the market for medium-chain triglycerides is anticipated to increase as a result of rising fitness consciousness among people, which is being fueled by government healthcare programmes.
The market for Medium-Chain Triglycerides was valued at US$ 1,309.8 million in 2016 and is anticipated to grow at a CAGR of 6.55% between 2017 and 2025 in terms of revenue.
1. BASF SE: The largest chemical firm in the world, BASF was established in 1865 and is headquartered in Germany. Its products range from commonplace to specialise. The business also manufactures agricultural crop protection chemicals and automobile emissions control catalysts. Given its scale, BASF holds a position in the top three of the market in almost 70% of its companies. Vattenfall sells its 49.5% stake in the offshore wind farm Hollandse Kust Zuid to BASF.
2. Wilmar International Limited: Established in 1991. Head office in Singapore. Consumer pack edible oils are produced by Wilmar International Ltd, a company that processes palm and lauric oils. Food Products, Feed and Industrial Products, Plantation and Sugar Milling, and other items are included in its operating segment. The feed and industrial products category is where the corporation makes the most money. Shree Renuka Sugars (July 2017), Goodman Fielder (Apr 2014), and jasmro.com (Dec 1999) are the most recent acquisitions.
3. Stepan Company: Established in 1932. Head office in the United States. Numerous chemicals and goods based on chemicals are produced and sold by Stepan Co. Based on product category, the corporation divides itself into three sectors. The majority of the company's revenue comes from the surfactants business, which provides the cleaning compounds used in toothpaste, fabric softeners, body washes, detergents, shampoos, and other personal care products. Surfactants are chemical substances that influence how two surfaces interact with one another. The completion of Stepan Company's acquisition of PerformanX Specialty Chemicals, LLC's surfactant business and related assets was announced today. Inventory, business ties, and intellectual property are all part of the deal. The transaction's financial details weren't made public.
4. Nutricia: Established in 1896. Headquarters are in the Netherlands.Based in Hoofddorp, the Netherlands, the company produces infant food and nutritional supplements. Protein supplements, energy supplements, high protein oral nutritional supplements, and other similar goods are among the company's baby food and nutrition offerings, which help patients and children eat right and stay healthy. Danone increases its Specialised Nutrition offerings in Poland with the acquisition of Promedica.
5. E. I. du Pont de Nemours and Company: Founded in 1801. Headquarters in the United States. A diversified, international specialty chemicals corporation called DuPont was established in 2019 as a result of the merger of DowDuPont and subsequent divisions. Its portfolio includes speciality chemicals and downstream goods for the water management, construction, automotive, electronics and communication, and safety and protection sectors. A cash tender offer has been launched by E. I. du Pont de Nemours & Company to buy any and all of its outstanding debt securities listed in the table below.
6. KLK Oleo: KLK OLEO is a manufacturer of oleochemicals with its headquarters in Selangor, Malaysia, and was founded in 1996. KLK OLEO is a subsidiary of Kuala Lumpur Kepong Berhad ("KLK"), one of the top global plantations groups listed on Bursa Malaysia Securities Berhad's Main Market. Due to its strategic integration with its parent company's upstream plantations, KLK OLEO is able to capitalise on synergies and concentrate on creating sustainable solutions and a steady supply for its clients. Sustainability is essential to KLK OLEO's operations. As an RSPO member, we are dedicated to providing our consumers with high-quality, safe products and guaranteeing excellent traceability across our supply chain. Our steadfast dedication to exceeding clients' expectations at KLK OLEO further solidifies our standing as a trustworthy supplier in the international marketplace.
7. The Procter & Gamble Company: Procter & Gamble, which was established in 1837, has grown to be one of the biggest producers of consumer goods in the world, with annual sales of more than $80 billion. It has a portfolio of well-known products, including more than 20 that have annual global sales of at least $1 billion apiece, including Pampers diapers, Charmin toilet paper, Pantene shampoo, and Tide laundry detergent. In the year 2012, P&G transferred ownership of its final food brand, Pringles, to Kellogg. About 55% of the company's overall sales come from countries outside of its native country, with about a third coming from emerging economies. The most recent acquisitions include OUAI Haircare (Dec 2021), TULA (Jan 2022), and Mielle Organics (Jan 2023).
Definition: Medium-chain triglycerides contain medium-chain fatty acid esterified to the glycerol backbone.
