The global medium chain triglycerides market size was valued at USD 763 million in 2021. The market is estimated to expand USD 1034 million in 2026, exhibiting a CAGR of 6.3% over the projected period. With the rise in demand and preference for organic food products, medium chain triglyceride manufacturers have been strategizing on developing innovative products at a reasonable price. MarketsandMarkets™ provides this information in its research report, titled “Medium Chain Triglycerides Market Global Forecast, 2021-2026”.
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Key Industry Development:
Medium chain triglycerides market is increasingly being used in sports nutrition products due to their ability to provide quick energy and improve endurance. This has led to the development of new medium chain triglycerides-based sports supplements and energy drinks.
Key Takeaways:
· Medium chain triglycerides market size was valued at USD 763 million in 2021.
· With the rise in demand and preference for organic food products, medium chain triglyceride manufacturers have been strategizing on developing innovative products at a reasonable price.
· The caprylic acid segment dominated the market with a share of 50.4%, in terms of value.
· The market is highly competitive, with numerous players operating in the industry. Key players include BASF, Koninklijke DSM N.V., Lonza Group Ltd, Musim Mas Holdings, P&G Chemicals etc.
· The Asia Pacific region dominated the Medium chain triglycerides market and is projected to grow at a significant CAGR of 8.4% by 2026
Segments:
The caprylic acid segment dominated the market with a share of 50.4%, 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.
The nutritional supplements segment by application dominated the market, with a share of 25.9%
The nutritional supplements segment accounted for the major share of 25.9% in 2020, with a total value of USD 186.5 million. Medium chain triglycerides aid in weight loss by reducing calorie intake and fat storage and increasing fullness, calorie burning, and ketone levels on low-carb diets.Medium chain triglycerides have numerous health benefits, ranging from better weight management to improved cognitive functioning. Saturated fats and MCTs are good for consumption on daily basis; they help in reducing the risks associated with hormone imbalances, weight gain, gut problems, and cognitive disorders. They also support maintenance of a healthy gut environment. MCTs are digested more rapidly than long chain triglycerides. It supports in reducing stored body fat by raising metabolic function and helps in better digestion and gives more energy. MCTs are not stored in fat deposits in the body as much as LCTs. Furthermore, MCTs have been shown to enhance thermogenesis (i.e., fat burning). So, they seem to offer a triple approach to weight loss - they have a lower calorie content than other fats, are minimally stored as fat, and contribute to enhanced metabolism to burn even more calories.
List of Key Players Mentioned in the Report:
· BASF SE (Germany)
· Koninklijke DSM N.V.(Netherlands)
· Dupont(US)
· Lonza Group Ltd (Switzerland)
· Musim Mas Holdings (Singapore)
· Croda International Plc (UK)
· P&G Chemicals (US)
· Wilmar International Limited (Singapore)
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Frequently Asked Questions (FAQs):
1. What is the projected market value of the global medium chain triglycerides market?
The global medium chain triglycerides market size is projected to reach USD 1034 million by 2026.
2. What is the estimated growth rate (CAGR) of the global medium chain triglycerides market for the next five years?
The global medium chain triglycerides market is expected to grow at a compound annual growth rate (CAGR) of 6.3% from 2021 to 2026.
3. What are the major revenue pockets in the medium chain triglycerides market currently?
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 such as caprylic, capric, and lauric triglycerides in the region. China, India, and Japan are the leading consuming countries of medium chain triglycerides.
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Hydrocolloids Market
Sourdough Market