Jan 19, 2022   SOURCE: BusinessWire

Medium-Chain Triglycerides Market by Fatty Acid Type, Application, Form, Source and Region - Global Forecast to 2026 - ResearchAndMarkets.com

The "Global Medium-Chain Triglycerides Market by Fatty Acid Type (Caproic, Caprylic, Capric and Lauric), Application (Nutritional Supplements, Infant Formula, Sports Drinks, Pharmaceutical Products), Form, Source and Region - Forecast to 2026" report has been added to ResearchAndMarkets.com's offering.

The Medium-chain triglycerides market is estimated at USD 763 million in 2021 and is projected to grow at a CAGR of 6.3% to reach USD 1,034 million by 2026.

Increasing incorporation of medium-chain triglycerides as an alternative to regular fats in diet. Its natural and safe nature of ingredients leads to wide range of its applications. With the rise in demand and preference for organic food products, medium-chain triglyceride manufacturers have been strategizing on developing innovative products at a reasonable price. The surge in global Internet penetration would be another influential trend in driving the market in terms of value sales.

The market for Lauric acid, by fatty acid type, is projected to witness the fastest growth in the market during the forecast period

The lauric acid is projected to witness the highest CAGR of 6.8% from 2021 to 2026. The rising number of patients is projected to boost the overall growth of the pharmaceutical industry, which in turn will boost the demand for lauric acid. Lauric acid is primarily used to prevent the transmission of HIV infection from mothers to children. Therefore, the rising number of patients is projected to boost the overall growth of the pharmaceutical industry, which in turn will boost the demand for lauric acid

The market for coconut, by source segment dominated the Medium-chain triglycerides market in 2020

The coconut segment dominated the market and accounted for USD 303 million and a market share of 42.2% in 2020, owing to rising preferences of consumers for more natural food products. In coconut oil, about half of the fatty acids are lauric acid. As the primary source for MCT oil, more than 60 percent of the fatty acids in coconut oil are MCTs. Coconut oil is one of the most important raw materials for the medium-chain triglycerides industry, as its fatty acid composition is used as a starting block for many Medium-chain triglycerides products. The oil also has health benefits that include cholesterol-lowering effects, regulating blood pressure, reduction of risks of cardiovascular diseases (CVDs), weight loss, improvement of cognitive functions, actions as an antimicrobial agent, and others.

The dry form segment dominated the Medium-chain triglycerides market in 2020

The dry segment of the medium-chain triglycerides market was valued at USD 208 million in 2020, and is projected to reach USD 304 million by 2026. Medium-chain triglyceride powder is odorless and is neutral in taste. It is used in combination with other nutritional ingredients to produce various nutritional formulas, such as infant formula, products for weight management, and sports nutrition. The dry segment is projected to attain the fastest growth rate of 6.6% during the forecast period. The demand for dry medium-chain triglycerides is expected to increase over the next few years due to its convenient application.

Asia Pacific market is driven by consumer demand for a wide range of food products with functional benefits such as gut health, bone health, immunity, and heart health

Asia Pacific is one of the fastest-growing regions for the consumption of medium-chain triglycerides globally. Growing usage in cosmetics, personal care, and food & beverages segment is driving the demand for medium-chain triglycerides such as caprylic, capric, and lauric triglycerides in the region Rising incomes, increasing purchasing power, and significant consumer demand for nutritional & healthy products are expected to provide promising prospects for the growth and diversification of the region's functional food & beverage sectors.

Market Dynamics

Drivers

  • Increasing Use of Medium-Chain Triglycerides in Diets as Alternative Energy Source
  • Growing Focus of Global Population on Adding Healthy Food to Their Diet
  • Rising Incidences of Chronic Diseases

Restraints

  • Availability of Mineral Oils as Substitute
  • Unsuitability of Medium-Chain Triglycerides for Patients with Certain Medical Conditions

Opportunities

  • Surging Demand for Natural and Organic Beauty Products
  • Growing Trend of Microencapsulation of Fats and Oils

Challenges

  • High Cost of Food Products due to Overdependence on Imports Significant Gap in Their Demand and Supply

Companies Mentioned

  • Acme-Hardesty Company
  • Barlean's
  • Basf Se
  • Connoils
  • Croda International plc.
  • Dupont
  • Emery Oleochemicals Group
  • Henry Lamotte Oils GmbH
  • Jarrow Formulas
  • Klk Oleo
  • Koninklijke Dsm N.V.
  • Lonza Group Ltd.
  • Musim Mas Holdings
  • Now Foods
  • Nutiva
  • Nutricia
  • P&G Chemicals
  • Stepan Company
  • Sternchemie Gmnh & Co. Kg
  • Wilmar International Ltd.

For more information about this report visit https://www.researchandmarkets.com/r/ni9mhz