Global Medium Chain Triglycerides Market

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 2025-2032


Report ID: SQMIG15E2237 | Region: Global | Published Date: March, 2024
Pages: 184 | Tables: 90 | Figures: 76

Medium Chain Triglycerides Market Insights

Medium Chain Triglycerides Market size was valued at USD 2.21 Billion in 2023 and is poised to grow from USD 2.36 Billion in 2024 to USD 3.99 Billion by 2032, growing at a CAGR of 6.8% during the forecast period (2025-2032).

A rise in living and customer acceptance of a healthy lifestyle are expected to be the primary drivers of the consumption of dietary and medical supplements based on medium-chain triglyceride (MCT) over the projected period.

MCTs are partially generated lipids with chains that are between 6 and 10 carbons long. MCTs include caproic acids, caprylic acid, capric acids, and lauric acid. Typically, vegetable oils like soybean, rapeseed, coconuts, palm kernel, & sunflower are used to make the product. According to reports, coconut oil is the primary source of MCT extraction. Palm kernel oil is the second most favored raw material after coconut oil in the production of MCTs, making up around 34.0% of the total.

Several small-scale market participants advertise items infused with coconut oil as MCT-infused products. It is believed that this could hinder market growth because medium-chain triglyceride and coconut oil are confusing to customers. The main distinction among the two is that while particular MCTs are derived from other fats, coconut oil also contains MCTs.

Capric and caprylic acid are separated from the other fats in the vegetable oils during the fractionation process, which is the method used to make MCTs for commercial use. Through lipase esterification, triglycerides are produced from the extracted product. The final item is provided as a finished good for consumption following a number of quality checks.

Additionally, the extracted product has a 5:2 ratio for each and a higher content of caprylic acid and capric acid compared to other glycerides. However, caproic acid is typically taken out of the residual product due to its disagreeable taste and odor. Additionally, the benefits of lauric acid (C12), which is typically absent from products marketed on the market, are controversial.

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Medium Chain Triglycerides Market size was valued at USD 2.21 Billion in 2023 and is poised to grow from USD 2.36 Billion in 2024 to USD 3.99 Billion by 2032, growing at a CAGR of 6.8% during the forecast period (2025-2032).

The market is very fragmented, and the dominant firms have been there for a very long time. Due to the rising demand for health supplements, it is anticipated that the rivalry would worsen throughout the anticipated time. Additionally, the existence of significant and long-standing players has increased market competition to a high degree. 'IOI Oleochemicals', 'BASF SE', 'Croda International PLC', 'KLK Oleo', 'Wilmar International Ltd.', 'Sternchemie GmbH & Co. KG', 'Stepan Company', 'Nutricia Advanced Medical Nutrition', 'Kerry Group', 'Jarrow Formulas, Inc.', 'NOW Foods', 'Lonza Group Ltd.', 'Nutiva Inc.', 'Koninklijke DSM N.V.', 'MusclePharm Corporation', 'ABITEC Corporation', 'Emery Oleochemicals', 'Peter Cremer Holding GmbH & Co. KG', 'AAK AB', 'Oleon NV'

MCTs have gained popularity across various industries, including food and beverage, dietary supplements, pharmaceuticals, and cosmetics. The versatility of MCTs in these sectors, as a dietary fat source, energy booster, emulsifier, and carrier for active ingredients, drives the demand for MCT products.

Increasing Demand for Clean Label and Natural Products: Consumers are increasingly seeking clean label and natural products, including MCTs. There is a growing preference for MCTs derived from natural sources such as coconut oil, as they are perceived to be healthier and more sustainable.

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.

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Global Medium Chain Triglycerides Market

Report ID: SQMIG15E2237

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