According to SPER Market Research, the Medium Chain Triglycerides market estimated to reach USD 1268 million by 2030 with a CAGR of 5.8%.
Rising adoption of dietary supplements and healthy products is a key driver for the growth of Medium Chain Triglycerides market.
Medium Chain Triglycerides are rapidly absorbed in the body to give energy rapidly after consumption. These are not stored as fats in the body thus, are used for nutritional benefits.
The sedentary lifestyle leads to the high risk to lifestyle disorders. Consumers are becoming more aware about health and the quality of food being consumed. Consumers are spending more on premium food products due to trust on the brand and perception of using premium ingredients.
Medium Chain Triglycerides are used in variety of products such as pharmaceuticals, dietary supplements, sports drink, infant formula and cosmetics products. The sustainability and environment friendly properties of medium chain triglycerides promotes its use in various industries.
The coconut market is the largest source segment by share in this market. The large share of this segment is mainly attributed by preference for natural products among consumers, health benefits of coconut oil, reduction in risk of cardiovascular diseases and antimicrobial action. North America dominated the market by regional segmentation owing to high preference for dietary supplements, demand for natural products, prevalence of lifestyle diseases and high per capita income.
The global Medium Chain Triglycerides market study provides market data by competitive landscape, revenue analysis, market segments and detailed analysis of key market players such as Acme-Hardesty Company, Barleans, BASF SE, Connoils, Croda International Plc., Dupont, Emery Oleochemicals Group, Henry Lamotte Oils GmbH, Jarrow formula’s, KLK Oleo, Koninklijke DSM N.V., Lonza Group Ltd., Musim Mas Holdings, Now foods, Nutiva, Nutricia, P&G Chemicals, Stepan Company, Sternchemie GmbH & Co. KG, Wilmar International Limited
SPER Market Research study aims to provide market dynamics, demand and supply with yearly forecast to 2030. This report provides data for growth estimates and forecasts for source segment- palm, coconut and others; for form segment-dry and liquid; for fatty acid type segment- Caproic Acid, Caprylic Acid, Lauric Acid, Capric Acid; for application segment- Nutritional Supplements, Personal Care Products, Pharmaceutical Products, Sports Drinks, Infant Formula, Other Applications. This report also provides the data for key regional segments of North America, Europe, Asia-Pacific and Rest of the World.
This study also encompasses various drivers and restraining factors for this market for the forecast period. Various growth opportunities are also discussed in the report.