Medium-Chain Triglycerides Market Forecasts to 2028 – Global Analysis By Form (Liquid, Dry), Grade (Food Grade, Medical Grade), Source (Coconut, Palm Kernel), and By Geography

Medium-Chain Triglycerides Market Forecasts to 2028 – Global Analysis By Form (Liquid, Dry), Grade (Food Grade, Medical Grade), Source (Coconut, Palm Kernel), and By Geography

According to Stratistics MRC, the Global Medium-Chain Triglycerides Market is accounted for $809.82 billion in 2022 and is expected to reach $1,306.65 billion by 2028 growing at a CAGR of 8.3 during the forecast period. Medium-chain triglycerides are partially derived fats with 6-10 carbon chain lengths. It is produced by processing coconut and palm kernel oils. MCT is an oily, colorless, or yellowish liquid that is insoluble in water. Medium-chain triglycerides are widely used as substitutes for normal fats.

The price of medium-chain triglycerides such as plant-based and natural ingredients is higher than conventional ingredients, it is likely that the consumers would be willing to pay higher to consume good-quality food. According to The Economic Research Service of the U.S. Department of Agriculture, the Consumer Price Index (CPI) for all food increased 1.1 percent from April 2022 to May 2022, and food prices were 10.1 percent higher than in May 2021.

Market Dynamics:

Driver:

Benefits of medium-chain triglycerides

Medium-chain triglycerides are often utilized in many supplements, as they rapidly produce energy and improve the endurance of the human body. These triglycerides are quickly broken down and easily absorbed in the human body because of their shorter chain length of fatty acids, making them less likely to be stored as body fat. This additionally assists with instant energy generation in the body. Because of these benefits, medium-chain triglycerides are becoming popular among consumers who are health conscious and inclined toward healthy eating habits, resulting in their increased demand.

Restraint:

Overconsumption of medium-chain triglycerides

Overconsumption of medium-chain triglycerides causes a few health issues such as bloating and other gastrointestinal disorders. Prior to using medium-chain triglycerides in the diet, consumers need to consult with their dieticians to understand the correct amount of oil valuable for the body. Apart from MCT, other essential fats and oils also need to be incorporated to ensure that the consumers achieve a balanced diet.

Opportunity:

Increasing demand for natural cosmetic products

The preference for natural products over artificial chemicals has expanded in the beauty and personal care industry. Factors such as the increasing millennial population, specifically in many countries, and use of the Internet, growing per capita income, and rising awareness regarding sustainable and environment-friendly products have together driven the market for organic cosmetics and personal care products. This has resulted in an increase in the demand for specialty ingredients such as palm oil and coconut oil for use in the beauty and personal care industries in recent years.

Threat:

High costs of end products

Increasing production costs because of the rising cost of raw materials such as coconut oil, palm oil, and milk fats is one of the significant challenges faced by the manufacturers of triglycerides. Also, the fractionation process requires sophisticated technology, the cost of which is also increasing, thus making it a challenge for manufacturers.

The coconut segment is expected to be the largest during the forecast period

The coconut segment is estimated to have a lucrative growth as medium-chain triglycerides which are obtained from coconut has enormous demand in the food & beverage and cosmetics & personal care industry. Coconut contains no cholesterol and is rich in vitamins, minerals, and plant sterols. It is used in the food industry for manufacturing baked goods, soft candies, cheeses, frozen dairy products, gelatines and puddings, and other meat products.

The dry segment is expected to have the highest CAGR during the forecast period

The dry segment is anticipated to witness the fastest CAGR growth during the forecast period as medium-chain triglyceride powder is used in combination with other nutritional ingredients to produce various nutritional formulas, such as infant formula, products for weight management, and sports nutrition.

Region with highest share:

Asia Pacific is projected to hold the largest market share during the forecast period due to the growing use of personal care & cosmetics products such as lotions, gels, creams, and cosmetics products for women. The presence of a high youth population also characterizes the regional market, which is expected to augment the use of MCTs in dietary supplements and sports drinks. With busy lifestyles and increasing disposable incomes, the demand for nutritional food & products is growing in the region.

Region with highest CAGR:

North America is projected to have the highest CAGR over the forecast period owing to the increasing demand for nutritional supplements that contain healthy fats. Consumers across the country have been increasingly using health supplements over the years. Further, increasing spending on healthcare and supplements owing to a large population with obesity, diabetes, heart problems, and chronic disease has surged the demand for nutraceutical supplements and fortified food in the U.S.

Key players in the market

Some of the key players profiled in the Medium-Chain Triglycerides Market include Wilmar International Limited, BASF SE, Stepan Company, P&G Chemicals, Nutricia, KLK Oleo, Croda International Plc., Musim Mas Holdings, Lonza Group Ltd., Koninklijke DSM N.V., Jarrow formula’s, Henry Lamotte Oils GmbH, Emery Oleochemicals Group, Dupont, Connoils, Nutiva, Barleans, Acme-Hardesty Company and Sternchemie GmbH & Co. KG.

Key Developments:

In April 2021, Sternchemie GmbH & Co. KG launched MCT oil from coconut which offers the same functionalities as MCT Oil from palm products. It is an alternative to palm-sourced MCT Oil.

In March 2021, BASF SE signed two distinct partnership agreements with ACS to expand its global leading position in the bio-based surfactants and actives market. It further entails exclusive technology cooperation, commercial agreement, and product development for sophorolipids, one class of glycolipids, to address the ever-increasing needs of consumers for sustainable, natural, and bio-degradable ingredients and actives.

Forms Covered:
• Liquid
• Dry

Grades Covered:
• Technical Grade
• Food Grade
• Medical Grade

Fatty Acid Types Covered:
• Nonanoic Acid
• Caproic Acid (C6)
• Heptanoic Acid
• Lauric Acid (C12)
• Caprylic Acid (C8)
• Capric Acid (C10)

Sources Covered:
• Coconut Oil
• Palm Kernel Oil
• Other Sources

Applications Covered:
• Sports Drinks
• Pharmaceutical Products
• Infant Formula
• Nutritional Supplements
• Personal Care & Cosmetics
• Food & Beverages
• Dietary & Health Supplements
• Other Applications

Regions Covered:
• North America
US
Canada
Mexico
• Europe
Germany
UK
Italy
France
Spain
Rest of Europe
• Asia Pacific
Japan
China
India
Australia
New Zealand
South Korea
Rest of Asia Pacific
• South America
Argentina
Brazil
Chile
Rest of South America
• Middle East & Africa
Saudi Arabia
UAE
Qatar
South Africa
Rest of Middle East & Africa

What our report offers:
- Market share assessments for the regional and country-level segments
- Strategic recommendations for the new entrants
- Covers Market data for the years 2020, 2021, 2022, 2025, and 2028
- Market Trends (Drivers, Constraints, Opportunities, Threats, Challenges, Investment Opportunities, and recommendations)
- Strategic recommendations in key business segments based on the market estimations
- Competitive landscaping mapping the key common trends
- Company profiling with detailed strategies, financials, and recent developments
- Supply chain trends mapping the latest technological advancements

Free Customization Offerings:
All the customers of this report will be entitled to receive one of the following free customization options:
• Company Profiling
Comprehensive profiling of additional market players (up to 3)
SWOT Analysis of key players (up to 3)
• Regional Segmentation
Market estimations, Forecasts and CAGR of any prominent country as per the client's interest (Note: Depends on feasibility check)
• Competitive Benchmarking
Benchmarking of key players based on product portfolio, geographical presence, and strategic alliances