Global Medium-Chain Triglycerides Market Size, Share and Industry Analysis Report by Source (Coconut, Palm) and Application (Nutritional Supplements, Food & Beverage, Pharmaceutical, and Cosmetics & Personal Care), Regional Outlook, Growth Potential, Comp

Global Medium-Chain Triglycerides Market Size, Share and Industry Analysis Report by Source (Coconut, Palm) and Application (Nutritional Supplements, Food & Beverage, Pharmaceutical, and Cosmetics & Personal Care), Regional Outlook, Growth Potential, Competitive Market Share & Forecast, 2021 - 2027

The global medium-chain triglycerides market is likely to observe robust growth through 2027 driven by increased consumer demand for nutritional supplements. Moreover, mounting health consciousness among consumers across the globe, coupled with rising awareness pertaining to the benefits of a ketogenic diet, is likely to further support market growth through the forecast timeline.

Medium-chain triglycerides (MCTs) are dietary supplements that have been found to induce ketosis without requiring prolonged fasting or a traditional ketogenic diet. According to some studies, MCTs have also shown potential for marginally delaying the progression of neurodegenerative conditions like Alzheimer's disease.

Notably, MCTs are easily absorbed in the intestine and undergo rapid oxidation to give energy. Research studies have demonstrated that as part of a high-fat diet, MCTs can reduce body weight and decrease fat deposits over the course of a several months. They can also lower food intake and appetite as well as subcutaneous adipose tissue in some instances. Thus, MCTs have indicated potential to serve as an agent to prevent obesity and control insulin resistance and the associated inflammation, which has positively influenced the product landscape of the medium-chain triglycerides market.

Recently, growing research focus on medium-chain triglycerides has expanded the scope of application of the product, which has enhanced market dynamics. For instance, in June 2021, a paper published in Epilepsia studied the effectiveness of MCTs in the management of epilepsy. The study found that MCTs are safe and tolerated as a dietary add-on and could offer people suffering with epilepsy a novel epilepsy management solution with new mechanisms of actions, which do not involve cognitive side effects that are commonly linked with antiseizure drugs (ASDs).

For comprehensive assessment, the medium-chain triglycerides market has been segmented on the basis of application, product, and region. From the application perspective, the market has further been categorized into food & beverage, nutritional supplements, cosmetic & personal care products, pharmaceutical, and others.

The medium-chain triglycerides industry share from the others application segment is anticipated to grow at a CAGR of over 5% through the analysis timeline to reach a sizable valuation by the end of 2027. Other applications of medium-chain triglycerides include animal feed, aromatherapy, oral care, and so on.

In the regional landscape, the Latin America medium-chain triglycerides market accounts for a significant portion of the overall industry revenue and is expected to witness substantial expansion at around 5.4% CAGR over the study timeframe. Meanwhile, the Middle East & Africa medium-chain triglycerides industry is speculated to witness notable growth at a CAGR of about 4.9% through the forecast period to garner a considerable valuation by 2027.