DUBLIN, Oct. 15, 2020 /PRNewsCentre/ — The "Medium Chain Triglycerides Market Size, Share & Trends Analysis Report By Application (Dietary & Health Supplements, Personal Care & Cosmetics, Pharmaceuticals), By Region, And Segment Forecasts, 2020 – 2027" report has been added to ResearchAndMarkets.com’s offering.
The global medium chain triglycerides market size is expected to reach USD 2.7 billion by 2027, expanding at a CAGR of 6.8%
Growing consumer inclination towards natural and organic alternatives coupled with augmented demand for dietary supplements is expected to drive the market for medium chain triglycerides (MCT) over the forecast period.
MCTs are composed of medium chain fatty acid attached to carbon chain ranging from C6 to C12. The prominent raw materials used for MCT extraction include coconut, palm kernel, palm, rapeseed, sunflower, and soybean oils. However, coconut oil is preferred over other oils owing to its high MCT composition accounting for approximately 60 to 70 percent. Palm kernel oil after coconut is also used on the large scale for product manufacturing owing to largescale production globally resulting due to high consumption among consumers.
Commercially, the product is extracted using fractionation process which separates MCTs from other fats, naturally present in vegetable oils. However the extraction process is capital intensive which is proving to be a major constrain in production. Furthermore, the fluctuating prices of raw materials such as coconut and palm kernel oil many affect the prices of finished products.
The product is gaining popularity among several pharmaceutical, beverage, and nutritional supplement manufacturers owing to the anti oxidant, and anti microbial properties exhibited by the product. The pharmaceutical formulation requires extremely pure and high-quality extracts, which are further used to treat gastrointestinal, liver, and cardiovascular disorders.
MCTs infused supplements are being consumed on a large scale across the globe due to changing food consumption pattern, improved lifestyle, and rise in consumer spending. Furthermore, increasing demand for safe and healthy products coupled with a rising number of individuals suffering from, obesity, and various other diseases is projected to drive market for MCTs over the coming years.
In 2019, Asia Pacific emerged as the fastest growing regional market for MCT owing to growing consumer health awareness and a diet-conscious population increasingly seeking functional benefits from dietary supplements in this region.
North America emerged as the largest market for MCT over the forecast period owing to rising consumption of dietary supplements that offer several health benefits such as weight loss promotion and blood sugar regulation. The recent outbreak of COVID-19 pandemic is expected to augment the consumption of dietary supplements in the coming years. MCT based supplements act as immunity boosters, which helps in proper body functioning and reduce disease occurrence. This is expected to positively impact the market for MCT over the forecast period.
Medium Chain Triglycerides Market Report Highlights
Key Topics Covered:
Chapter 1 Methodology and Scope
Chapter 2 Executive Summary
Chapter 3 Industry Outlook Analysis
3.1 Market Lineage Outlook
3.2 Penetration & Growth Prospect Mapping
3.3 Value Chain Analysis
3.3.1 Raw Material Trends
3.4 Technology Overview
3.5 Regulatory Framework
3.6 Production Outlook
3.7 Market Dynamics
3.7.1 Market Driver Analysis
3.7.2 Market Restraint Analysis
3.7.3 Industry Challenges
3.7.4 Impact Of Covid-19
3.8 Business Environment Analysis
3.8.1 Porter Analysis
3.8.2 PESTEL ANALYSIS
Chapter 4 Application Estimates & Trend Analysis
4.1 Medium Chain Triglycerides Market size & forecasts and trend analysis, by application, 2014-2025, (Kilotons) (USD Millions)
4.2 Dieatry & Health Supplements
4.2.1 Medium Chain Triglycerides Market volume estimates & forecasts, by Pharmaceutical, 2016 – 2027 (Kilotons) (USD Millions)
4.3 Personal Care & Cosmetics
Chapter 5 Regional Estimates & Trend Analysis
5.1 Medium Chain Triglycerides Regional Movement Analysis & Market Share, 2018 & 2025 (Kilotons) (USD Millions)
5.2 Medium Chain Triglycerides Market Size & Forecasts And Trend Analysis By Region, 2016-2027 (Kilotons) (USD Millions)
Chapter 6 Competitive Analysis
6.1 Vendor Landscape
6.2 Company Market Positioning
6.2.1 Competitive Environment
6.2.2 Strategy Framework
Chapter 7 Company Profiles
7.1 Company Overview
7.2 Financial Performance
7.3 Product Benchmarking
For more information about this report visit https://www.researchandmarkets.com/r/jzzaip
Research and Markets also offers Custom Research services providing focused, comprehensive and tailored research.
Research and Markets
Laura Wood, Senior Manager
For E.S.T Office Hours Call +1-917-300-0470
For U.S./CAN Toll Free Call +1-800-526-8630
For GMT Office Hours Call +353-1-416-8900
U.S. Fax: 646-607-1904
Fax (outside U.S.): +353-1-481-1716
SOURCE: Research and Markets