Internet of Things is fastest growing segment fueling the growth of the Medium Chain Triglycerides Market


The global Medium chain Triglycerides Market is estimated to be valued at US$ 860.54 Mn in 2023 and is expected to exhibit a CAGR of 6.2% over the forecast period 2023 to 2030, as highlighted in a new report published by Coherent Market Insights.

Market Overview:
Medium chain triglycerides, also known as MCTs, are triglycerides with fatty acid chains that are usually between 6 and 12 carbons long. MCTs are more stable, efficient to digest and metabolize than long chain triglycerides. They serve as a rich source of energy and have various health benefits like regulating metabolism and weight management.

Market key trends:
One of the key trends driving the growth of the medium chain triglycerides market is its increasing application in the food and beverage industry. MCTs have wider industrial applications as emulsifiers, stabilizers and viscosity-controlling agents in products like baked goods, sauces, beverages and nutritional products. Their usage enhances the taste, texture and shelf life of the final products.
Segment Analysis
The global medium chain triglycerides market is segmented by type into caprylic acid, capric acid, and others. Among these, the capric acid segment dominates the market currently owing to its widespread end-use applications in personal care, food & beverage, pharmaceutical industries due to its anti-microbial and anti-inflammatory properties. It helps improve digestion and liver function along with being used as a carrier for other agents.

Key Takeaways
The global medium chain triglycerides market is expected to witness high growth, exhibiting CAGR of 6.2% over the forecast period, due to increasing demand from personal care, food & beverage, and pharmaceutical industries where MCTs are increasingly preferred as substitutes for usual fats and oils owing to associated health benefits.

Regional analysis shows that Asia Pacific dominates the global MCT market currently due to increasing consumption of nutritional and personal care products in the region. Growing health consciousness and expenditure on personal care in major economies like India and China is driving the regional market.

The global medium chain triglycerides market size was valued at US$ 860.54 Mn in 2023. Key players operating in the medium chain triglycerides market are BASF, Wilmar International Ltd, Avic Pharmaceutical, ABITEC Corporation, A&A Fratelli Parodi, Musim Mas, DuPont, Lonza, Procter & Gamble, and Stepan Company. BASF and Wilmar International are currently the global leaders in MCT production.
 

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