Medium-Chain Triglycerides Market Research Report - Global Forecast till 2030

Medium-Chain Triglycerides Research Report: By form (Dry and Liquid), by source (Palm Kernel Oil, Coconut Oil and others), by Type (Caproic, Caprylic, Capric and Lauric), by Application (Food & Beverages, Pharmaceuticals, Personal Care and others) and Region (North America, Europe, Asia-Pacific and Rest of the World) - Global Forecast till 2030

ID: MRFR/F-B & N/4222-HCR | February 2021 | Region: Global | 139 pages         

Medium Chain Triglycerides Market

Medium Chain Triglycerides Market Size is anticipated to reach USD 1,359.25 Million by 2030, registering a CAGR of 6.80% during 2020-2030

Segmentation

By Form Dry Liquid
By Source Palm Kernel Oil Coconut Oil others
By Type Caproic Caprylic Capric and Lauric
By Application Food & Beverages Pharmaceuticals Personal Care others

Key Players

  • Sternchemie GmbH & Co KG (Germany)
  • Emery Oleochemicals (US)
  • KLK Oleo (Malaysia)
  • BASF SE (Germany)
  • E. I. du Pont de Nemours and Company (US)
  • Wilmar International Ltd (Singapore)
  • Stepan Company (US)
  • Sternchemie Lipid Technology (Germany)
  • Jarrow Formulas (US)
  • ABITEC (US)
  • Croda International PLC. (UK)
  • Koninklijke DSM N.V. (Netherlands)
  • Lonza Group Ltd. (Switzerland)
  • Procter & Gamble Company (US)
  • Timur Oleochemicals Malaysia Sdn.Bhd. (Malaysia)

Drivers

  • Healthy lifestyle
  • Increasing demand for convenience and processed food
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Market Scenario


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.


The Global Medium-Chain Triglycerides Market is projected to register a significant rate of 6.80% from 2021 to 2030 to reach a market value of USD 1,359.25 million by the end of 2030. 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.


Segmentation


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.


Key Players



  • Sternchemie GmbH & Co KG (Germany)

  • Emery Oleochemicals (US)

  • KLK Oleo (Malaysia)

  • BASF SE (Germany)

  • E. I. du Pont de Nemours and Company (US)

  • Wilmar International Ltd (Singapore)

  • Stepan Company (US)

  • Sternchemie Lipid Technology (Germany)

  • Jarrow Formulas (US)

  • ABITEC (US)

  • Croda International PLC. (UK)

  • Koninklijke DSM N.V. (Netherlands)

  • Lonza Group Ltd. (Switzerland)

  • Procter & Gamble Company (US)

  • Timur Oleochemicals Malaysia Sdn.Bhd. (Malaysia)


Regional Market Summary


Global Medium-Chain Triglycerides Share (%), by Region, 2018  Medium-Chain Triglycerides


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.


Global Medium-Chain Triglycerides Market, by Form



  • Dry

  • Liquid


Global Medium-Chain Triglycerides Market, by Source



  • Palm kernel oil

  • Coconut oil

  • Others


Global Medium-Chain Triglycerides Market, by Type



  • Caproic

  • Caprylic

  • Capric

  • Lauric


Global Medium-Chain Triglycerides Market, by Application



  • Food & Beverages

  • Pharmaceuticals

  • Personal Care

  • Others


Global Medium-Chain Triglycerides Market, by Region



  • North America

    • US

    • Canada

    • Mexico





  • Europe

    • Germany

    • France

    • Italy

    • Spain

    • UK

    • Rest of Europe





  • Asia-Pacific

    • Japan

    • China

    • India

    • Australia and New Zealand

    • Rest of Asia-Pacific





  • Rest of the World (RoW)

    • South America

    • Middle East

    • Africa




Intended Audience



  • Food processors

  • Agriculture associations

  • Commercial research and development institutions

  • Raw material suppliers and distributors

  • Retailers, distributors, and wholesalers

  • Traders, exporters, and importers



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