The Global Medium Chain Triglycerides Market was valued at US$ 876.1 Mn in 2023, according to the Global Medium Chain Triglycerides Market report, By Fatty Acid Type (Caproic Acid, Caprylic Acid, Capric Acid, and Lauric Acid), By Application (Dietary Supplements, Pharmaceuticals, Food and Beverages, and Beauty and Personal Care Products), and by Region (North America, Latin America, Asia Pacific, Europe, Middle East, and Africa), published by Coherent Market Insights.
The global medium chain triglycerides market is expected to surpass US$ 1,286.2 Mn by 2030 and exhibit a CAGR of 5.6% during the forecast period (2023-2030).
Medium Chain Triglycerides (MCTs) are fats that have 6-12 carbon atoms per fat molecule. The most common MCTs are caprylic acid and capric acid. Compared to long chain triglycerides that have 13-21 carbon atoms, MCTs are more rapidly absorbed and metabolized. MCT oils and powders have gained popularity in recent years due to their purported health benefits. Since MCTs are shorter and smaller than long chain triglycerides, they are easier to digest and do not require bile acids for absorption. This makes MCTs a useful fat source for those with digestive disorders or malabsorption issues. Additionally, MCTs are readily used for energy in the body and are less likely to be stored as fats. For this reason, MCTs are popular among athletes and in weight management products.
Drivers:
- Unique Properties and Potential Health Benefits: Medium Chain Triglycerides (MCTs) are increasingly being used in dietary supplements and infant formula due to their unique properties and potential health benefits. MCTs are easily digested and absorbed by the body, making them a popular ingredient in dietary supplements and infant formula.
Opportunities:
- MCTs are easily digested and absorbed by animals, making them a popular ingredient in animal feed. This can help improve nutrient absorption and support overall health in animals. It is a source of energy and can help improve athletic performance and support weight gain. MCTs have been shown to have potential benefits for gut health in animals including reducing inflammation and improving the balance of gut bacteria. This makes them a popular ingredient in animal feed designed to support digestive health.
To know the latest trends and insights prevalent in this market, click on the link below:
https://www.coherentmarketinsights.com/market-insight/medium-chain-triglycerides-market-1007
Restraints:
The cost of raw materials used to produce MCTs, such as coconut oil and palm kernel oil, can be volatile and subject to fluctuations. This can impact the cost of producing MCTs and make it difficult to maintain consistent pricing for customers. MCTs must meet strict quality control standards to ensure they are safe for consumption. This can increase the cost of production, as manufacturers must invest in quality control measures to ensure their products meet these standards.
Global Medium Chain Triglycerides Market - Impact of Coronavirus (COVID-19) Pandemic
The pandemic has caused disruptions in the global supply chain, which has impacted the availability of raw materials used to produce MCTs. This has led to price fluctuations and supply chain challenges for manufacturers. The pandemic has led to changes in consumer behavior, with many people becoming more health-conscious and focused on boosting their immune systems. This has led to the increased demand for products that contain MCTs such as supplements and functional foods.
Key Takeaways:
The global medium chain triglycerides market was valued at US$ 826.2 Mn in 2023 and is forecast to reach a value of US$ 1,286.2 Mn by 2030 at a CAGR of 5.6% between 2023 and 2030.
The North America region held a dominant position in the global medium chain triglycerides market in 2022.
Market Trends:
MCTs can be used as a carrier for drugs, improving their solubility and bioavailability. This can help improve drug delivery and efficacy. MCTs are a source of energy and can be used to support patients who are unable to consume food orally. This makes them a popular ingredient in nutritional supplements and medical foods. It is commonly used in ketogenic diets, which is used to treat epilepsy and other neurological disorders. This has led to the increased demand for MCTs in the pharmaceutical industry.
Competitive Landscape:
The major players operating in the global medium chain triglycerides market include BASF SE, Wilmar International Limited, Lonza, Koninklijke DSM N.V., Stepan Company, Nutricia, Jarrow Formulas, E. I. du Pont de Nemours and Company, KLK Oleo, and The Procter & Gamble Company.
Recent Developments:
In July 2023, Stepan Company, a chemical manufacturing company has announced the Food and Drug Administration approval for the use of medium chain triglycerides in infant formula in the U.S. This regulatory approval opens up new opportunities for the company to supply MCTs for infant nutrition products in the U.S. and globally.
