The global Medium chain Triglycerides Market Growth Accelerated by Increased Applications in Nutritional Supplements

 

Medium chain triglycerides or MCTs are a type of saturated fatty acids that have many health benefits such as easy digestion, enhancing metabolism and energy level. MCTs are extracted from coconut or palm kernel oils and have wide applications in nutritional supplements, personal care products and pharmaceuticals due to their therapeutic properties. The growing awareness about benefits of MCTs among consumers has increased their demand for dietary supplements, weight management products and sports nutrition products containing MCTs.

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 key trends:
The increased demand from dietary supplement industry is one of the major trends driving the growth of medium chain triglycerides market. Manufacturers are increasingly using MCTs in various supplement products for weight management, diabetes management, sports nutrition etc. due to therapeutic properties of MCTs. Furthermore, rise in health consciousness among people has augmented the consumption of dietary supplements containing MCTs. Various clinical studies have demonstrated positive effects of MCTs in managing weight, controlling blood sugar levels and improving cognitive functions. This widespread popularity and recognition of health benefits of MCTs have propelled the demand from supplement makers thereby accelerating the market growth over the forecast period.


Segment Analysis
Medium chain triglycerides market is dominated by medium chain triglyceride oil segment which accounts for more than 60% of the total market share. This is because medium chain triglyceride oil segment finds wide applications in food and beverages, medical, and personal care industries. It is used as a replacement for long chain triglycerides in various food products to provide enhanced benefits. The increasing demand for MCT oil from pharmaceuticals and nutraceuticals industry is also contributing to the growth of this segment.

Key Takeaways
The global medium chain triglycerides market is expected to witness high growth over the forecast period. 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.


Regional analysis related content comprises:
The Asia Pacific region is expected to dominate the medium chain triglycerides market during the forecast period. Countries like China, India, Japan, and South Korea are witnessing rapid economic growth and rising disposable incomes. This is resulting in increased health awareness and growing demand for nutritional and health beneficial products. Moreover, the presence of emerging nutraceuticals and pharmaceuticals industry in the region is also driving the adoption of MCTs.

Key players related content comprises:
Key players operating in the medium chain triglycerides market are BASF,Wilmar International Ltd,Avic Pharmaceutical Corporation,ABITEC Corporation,A&A Fratelli Parodi,Musim Mas,DuPont,Lonza,Procter & Gamble,Stepan Company. BASF is one of the leading manufacturers of MCTs globally. Wilmar International Ltd specializes in manufacturing and marketing palm oil and lauric oils.


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