The global medium-chain triglycerides (MCT) market is estimated to cross a higher CAGR in the forecast period. Medium-chain triglycerides (MCT) are produced out of medium-chain fatty acid along with carbon series. Usually, a medium-chain triglyceride is made out of palm and coconut oil under laboratory conditions. Triglycerides are insoluble in water and are solvents with petroleum, alcohol, and fatty oil. Besides, MCT is used in the medical domain in cases of anti-aging, epilepsy, and obesity.
The medium-chain triglycerides market is driven by factors such as a rise in demand for medical applications to lessen the risks associated with cardiovascular disease and diabetes. In addition, increasing demand from the food & beverage industry in emerging economies and availability of raw materials are likely to have a positive impact on the market growth shortly.
The “Application” segment for the medium-chain triglycerides market includes food and medical.“Medical” segment is expected to account for a significant market share in the forecast period owing to an increase in consumers’ awareness for health and diet. Product segmentation for the medium-chain triglycerides industry includes caprylic acid, lauric acid, capric acid, and caproic acid. Lauric acid and caproic acid are expected to rise at a higher CAGR in the forecast period.
Geographical segmentation for medium-chain triglycerides market includes North America, Latin America, Europe, Asia-Pacific, Middle East, and Africa. North America accounted for a higher CAGR in the forecast period due to the rise in applications in surfactants, personal care, detergents, and food additive. Asia-Pacific’s market is expected to account for positive traction in the forecast period due to the vastness of the medical domain and the unmet medical demands of patients. The key players in the medium-chain triglycerides industry include Stepan Company, BASF, Jarrow Formulas, Barlean’s, NOW Foods, Wilmar International Limited KLK OLEO, and Lonza.
MCT Application Outlook (Volume, Kilotons; Revenue, USD Million, 2014 - 2025)
• Personal care
• Dietary and healthcare supplements
MCT Regional Outlook (Volume, Kilotons; Revenue, USD Million, 2014 - 2025)
• North America
• the U.S
• the UK
• the Asia Pacific
• the Middle East and Africa
• Central & South America
Research Support Specialist, USA
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