The global medium chain triglycerides industry is witnessing notable growth. This is due to rising consumer interest in health and wellness products, advances in MCT extraction and processing technologies, and increasing collaborations and acquisitions between players.
In June 2024, Azelis signed a distribution agreement with BASF for food and nutrition products in China. Under this partnership, Azelis will distribute BASF’s range of medium chain triglycerides, (MCT), emulsifiers, conjugated linoleic acid (CLA), and phytosterol ester. These ingredients are mostly used in food and beverage, bakery, and nutrition enhancement in retail as well as food service.
The new agreement strengthens Azelis’ long-standing commercial relationship with BASF. It strengthens its lateral value chain, enhancing the company’s presence across key food industry segments in China with a broader portfolio of food ingredients.
In February 2023, KLK Oleo announced the acquisition of Italy-based Temix Oleo to solidify its position in the oleochemical segment. The new acquisition will help KLK Oleo to increase its production, trading, and distribution of chemicals and oleochemicals like medium-chain triglycerides, esters, etc.
The move aligns with the company’s strategy to cater to the growing demand for sustainable and high-performance oleochemical solutions across industries such as pharmaceuticals, personal care, and industrial applications. It will empower KLK Oleo to supply ingredients like MCT for weight management and food and beverage products.
Temix Oleo is also set to benefit from this acquisition. According to Roberto Cella, Managing Director Temix Oleo, “this acquisition will help Temix Oleo to continue to grow in product portfolio and geographic areas, with a focus on innovation and sustainability”.
In March 2021, Croda International Plc acquired botanicals expert Alban Mullar for £16 million. This acquisition is aimed to expand Croada’s range of active ingredients, including MCT’s, aligning with its commitment to innovation and sustainability in the personal care sector and cosmetics.
These developments highlight a strategic trend among medium chain triglyceride manufacturers towards collaboration and innovation to strengthen their positions in the global landscape. Increasing partnerships, such as Azelis-BASF agreement, will play a key role in making ingredients like medium chain triglycerides and conjugated linoleic acid more accessible across various regions for cosmetics and food and beverage products.
KLK Oleo’s acquisition of Temix Oleo is expected to boost production capacity and distribution of chemicals and oleochemicals like medium-chain triglycerides. This will further boost growth of the global medium chain triglycerides industry during the forecast period.
According to Coherent Market Insights (CMI), the global medium chain triglycerides industry size is set to reach US$ 1,430.5 million by 2032. Rising usage of MCTs across industries like food & beverages, health, and personal care as well as increasing partnerships and acquisitions will play a key role in driving this future growth.
Sources:
Company: Azelis, KLK Oleo, Croda International Plc
