Report ID: SQMIG15E2237
Medium Chain Triglycerides Market Size, Share, Growth Analysis, By Source(Coconut Oil, Palm Kernel Oil, and Others), By Form(Powder, and Liquid), By Application(Dietary & Health Supplements, Personal Care & Cosmetics, Pharmaceuticals, and Others), By Region - Industry Forecast 2024-2031
Report ID:
SQMIG15E2237 |
Region:
Global |
Published Date: March, 2024
Pages:
184
|
Tables:
90 |
Figures:
76
Medium Chain Triglycerides Market Regional Insights
North America accounted for about 35.0% of market volume, and it is expected that it is going to retain its dominance over the following years. The millennial generation is primarily to blame for the region's increasing product demand because of their growing interest in functional meals, beverages, and nutritional supplements. There are several reputable beverage manufacturers in the region, which is headed by the United States.
The Asia Pacific region is anticipated to grow significantly over the course of the forecast period as a result of an increase in the demand for nutritional supplements & increased moderate-chain triglyceride usage in the nutraceutical industry. The region's market is also distinguished by a sizable youth population that is expected to promote the use of MCTs in nutritional supplements and sports drinks. China Hemp, Scion Chemical Pvt. Ltd., Stepan Company, and Bioregional Food & Science Corp. are among the leading market participants in the area, and their presence is expected to increase customer awareness of the benefits of the product and increase demand.
Medium Chain Triglycerides Market Report Snapshots
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