The medium chain triglycerides market is projected to grow from USD 763 million in 2021 growing at a CAGR of 6.3% from 2021 to 2026 to reach USD 1,034 million by 2026. Due to the rising demand for MCT oil in dietary supplements and functional foods, as well as the rising public awareness of the health advantages of MCT, the medium chain triglycerides (MCT) market is expanding significantly. Coconut oil, palm oil, and dairy products all include MCTs, a kind of saturated fatty acid. MCTs are metabolised differently and are quickly absorbed by the body than long-chain fatty acids, which has increased their appeal as an ingredient in energy bars, sports drinks, and weight-loss supplements.
The Asia Pacific region dominated the market and is projected to grow at a significant CAGR of 8.4% by 2026
Asia Pacific is one of the fastest-growing regions for the consumption of medium chain triglycerides, globally. Growing usage in cosmetics, personal care, and food & beverages segment is driving the demand for medium chain triglycerides market such as caprylic, capric, and lauric triglycerides in the region. China, India, and Japan are the leading consuming countries of medium chain triglycerides. With busy lifestyles and increasing disposable incomes, the demand for nutritional food & products is growing in the region. Moreover, the growing use of personal care & cosmetics products such as lotions, gels, creams and cosmetics products for women are fueling the growth of the market in the Asia Pacific region.
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Top Companies in Medium Chain Triglycerides Market
The key service providers in this market include BASF SE (Germany), Koninklijke DSM N.V. (the Netherlands), Dupont(US), Lonza Group Ltd(Switzerland), Musim Mas Holdings(Singapore), Croda International Plc(UK), P&G Chemicals (US), Acme-Hardesty Company(Bluebell, PA), Wilmar International Limited( Singapore), Stepan Company (US), Sternchemie GmbH & Co. KG(Germany), Emery Oleochemicals Group(US), KLK Oleo(Malaysia), Nutricia(New Zealand), Connoils (US), Now foods(US), Barleans (Washington), Jarrow formula’s(US), Nutiva(US), Henry Lamotte Oils GmbH (Germany).
The caprylic acid segment dominated the market with a share of 50.4% in 2020, in terms of value
The caprylic acid segment dominated the market with a share of 50.4% in 2020, in terms of value as Caprylic acid does not have an offensive taste or smell. Thus, it is often the primary MCT used in MCT oil. Caprylic triglyceride is a compound that comes from combining fatty acids with glycerin. The fatty acids in the compound are medium-chain triglycerides (MCTs). Caprylic acid is also known for its antiviral, antibacterial and antifungal properties, and can help treat skin disorders and acne. It’s also useful for treating urinary tract infections, bladder infections, STIs, and even gingivitis. It also helps to burn excess calories, which in turn leads to weight loss. The liver finds it easy to break down, or oxidize, MCFAs such as caprylic acid. This faster rate of oxidation leads to a higher rate of energy expenditure.