The Global Medium-Chain Triglycerides Market is projected to register a significant rate of 6.80% from 2024 to 2032 to reach a market value of USD 1,359.25 million by the end of 2032. Medium-chain triglycerides are composed of two or three fatty acids. It is produced by processing coconut and palm kernel oils. Medium-chain triglycerides are yellowish in color and are insoluble in water and are miscible with alcohol, and methylene chloride. Medium-chain triglycerides are widely used as a substitutes for normal fats.
Medium-chain triglycerides are used in numerous applications including dietary supplements, personal care products, infant nutrition, and medicinal products. Rising demand for functional food supplements among the consumers globally is expected to fuel the growth of medium-chain triglycerides market. The market is also driven by cumulative demand from food processing and beverage making industries and simultaneously increasing the demand for different types of medium-chain triglycerides such as caproic, caprylic, capric, and lauric acids.
Factors such as high production cost and cost involved in research and development activities may hamper the market growth for medium-chain triglycerides during the forecast period.
The global medium-chain triglycerides market has been segmented based on form, source, type, application, and region.
The global medium-chain triglycerides market has been classified, based on form, as dry and liquid.
The global medium-chain triglycerides market has been classified, based on source, as palm kernel oil
coconut oil, and others.
The global medium-chain triglycerides market has been classified, based on type, as caproic, caprylic
capric, and lauric.
The global medium-chain triglycerides market has been divided, based on application, into food & beverages, pharmaceuticals, personal care, and others.
The global medium-chain triglycerides market has been analyzed for four key regions—North America, Europe, Asia-Pacific, and the rest of the world.
The North American medium-chain triglycerides market has further been bifurcated into the US, Canada, and Mexico.
The European medium-chain triglycerides market has been classified as the UK, Germany, France, Italy, Spain, and the rest of Europe.
The medium-chain triglycerides market in Asia-Pacific has been divided into China, India, Japan, Australia and New Zealand, and the rest of Asia-Pacific.
The medium-chain triglycerides market in the rest of the world has been segmented into South America, the Middle East, and Africa.
Regional Market Summary
Global Medium-Chain Triglycerides Share (%), by Region, 2018
Source: Secondary Sources and MRFR Analysis
The market in North America is expected to dominate the global medium-chain triglycerides market during the forecast period. North American medium-chain triglycerides market is driven by the factors such as growing demand for healthy and nutritious food, increasing inclination of consumers toward healthy lifestyles, and increasing demand for convenience and processed food items among the consumers. Among the countries of North America, the US holds a significant share in medium-chain triglycerides market.
The Asia-Pacific market is expected to generate the highest CAGR in the global medium-chain triglycerides market during the forecast period. The Asia-Pacific medium-chain triglycerides market is driven by factors such as increasing demand from applications such as detergents, surfactants, personal care, and food additive. In addition to that, increasing use of personal care products such as lotions, gels, creams, and cosmetics is also influencing the market for medium-chain triglycerides in the region.
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