Medium Chain Triglycerides (Mct) Market - Growth, Trends, Covid-19 Impact, and Forecasts (2023 - 2028)
The medium-chain triglycerides (MCT) market is estimated to reach around USD 1,270 million by the end of this year. It is expected to grow with a CAGR of over 8% during the forecast period.
In 2020, considering the COVID-19 outbreak, the food and beverage industries were affected globally. The food and beverages, personal care, and cosmetics markets account for the largest share of the medium-chain triglycerides market. Lockdowns in several countries sent the restaurant industry into a tailspin. However, in 2021, the demand from this industry will recover and is predicted to grow further.
Key HighlightsThe global medium-chain triglyceride (MCT) market is fragmented in nature. Some of the key companies in the market include Wilmar International Ltd, IOI Oleo GmbH, Musim Mas, KLK EMMERICH GmbH, and The Nisshin OilliO Group, Ltd, among others.
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