Global Medium Chain Triglycerides Market Size Study & Forecast, by Type, by Source, by Application, and Regional Analysis, 2023-2030

Description

List of Tables

Global Medium Chain Triglycerides Market is valued approximately at USD 1.71billion in 2022 and is anticipated to grow with a growth rate of more than 6.6% over the forecast period 2023-2030. Medium Chain Triglycerides (MCTs) are dietary fats composed of medium-chain fatty acids, found naturally in coconut oil, palm kernel oil and dairy products. Unlike long-chain triglycerides (LCTs), MCTs have shorter carbon chains and are quickly absorbed and metabolized by the body, providing a rapid source of energy. They are popular among athletes and those on ketogenic diets for their potential benefits in weight management, cognitive function and nutrient absorption. MCT oil is a concentrated form of MCTs that is commonly used as a supplement or added to food and beverages. The medium chain triglycerides (MCT) market is experiencing substantial growth attributed to increase in the adoption of MCTs in personal care and cosmetics products, surge in use of medium chain triglycerides in diets as alternative energy source and growing public awareness of the health benefits associated with MCT consumption.

In addition, the growing demand for MCT oil in dietary supplements and functional foods is exhibiting a positive influence on the growth of the Medium Chain Triglycerides market across the globe. This demand expansion has prompted manufacturers to diversify their product offerings, introducing a range of MCT oil-based supplements and functional foods to cater to evolving consumer preferences. Increased consumer awareness about the health benefits associated with MCT oil coupled with its support for dietary trends such as ketogenic diets, drives consumer preference for MCT-containing products. According to Statista, in 2022, the global functional food sector was estimated to be was valued at approximately USD 207.33 billion. Also, it is projected to expand to around USD 268 billion USD in size by 2027. Thus, these aforementioned factors are propelling the growth of Medium Chain Triglycerides Market during the estimated period. Moreover, the rising popularity of ketogenic and low-carbohydrate diets, as well as growing trend of microencapsulation of fats and oils in the healthcare sector present various lucrative opportunities over the forecast years. However, the availability of substitutes such as mineral oil and the unsuitability of MCT for patients with certain medical conditions are hampering the market growth throughout the forecast period of 2023-2030.

The key regions considered for the Global Medium Chain Triglycerides Market study include Asia Pacific, North America, Europe, Latin America, and Middle East & Africa. North America dominated the market in 2022 with largest market share owing to the rising interest among millennials in dietary supplements and functional food and beverages. With many globally renowned beverage manufacturers situated in the region, particularly led by the U.S., the market experiences substantial growth. Whereas, Asia Pacific is expected to grow at the fastest growth rate over the forecast years. The region is experiencing a surge in the demand for medium-chain triglycerides (MCTs) like caprylic, capric, and lauric, propelled by various end-user industries including personal care and cosmetics, pharmaceuticals and food and beverages. MCTs find extensive application in sports drinks, nutritional bars, and energy foods, serving as food emulsifiers and enhancing the properties of both hot and cold beverages. They also contribute distinct flavors to food products. This escalating demand for MCTs in the region is poised to drive market growth throughout the forecast period. According to the National Bureau of Statistics of China, the food industry's total profits in China reached CNY 618.71 billion (USD 95.88 billion) in 2021, compared to CNY 620.66 billion (USD 89.99 billion) in 2020.

Major market players included in this report are:

BASF SE
P&G Chemicals
Croda International Plc
DuPont de Nemours, Inc
Koninklijke DSM N.V.
Stepan Company
Lonza Group Ltd
Wilmar International Ltd
Sternchemie GmbH & Co. KG
Emery Oleochemicals

Recent Developments in the Market:

In February 2022, IOI Oleo, under its parent company IOI Oleo GmbH, forged a strategic partnership with DKSH. DKSH extend its expertise in business development, marketing, sales, logistics, and distribution services to support IOI Oleo's oleochemical specialties across Australia, New Zealand, the Philippines, Taiwan, South Korea, and Vietnam.
In September 2021, ABITEC finalized an amended agreement with DKSH to broaden the distribution of specialty lipids into new markets and regions throughout Europe. This agreement marks a significant milestone in the ongoing collaboration between the two companies, with the shared goal of enhancing their presence and fostering growth in emerging markets.

Global Medium Chain Triglycerides Market Report Scope:

Historical Data - 2020 - 2021
Base Year for Estimation - 2022
Forecast period - 2023-2030
Report Coverage - Revenue forecast, Company Ranking, Competitive Landscape, Growth factors, and Trends
Segments Covered - Type, Source, Application, Region
Regional Scope - North America; Europe; Asia Pacific; Latin America; Middle East & Africa
Customization Scope - Free report customization (equivalent up to 8 analyst's working hours) with purchase. Addition or alteration to country, regional & segment scope*

The objective of the study is to define market sizes of different segments & countries in recent years and to forecast the values to the coming years. The report is designed to incorporate both qualitative and quantitative aspects of the industry within countries involved in the study.

The report also caters detailed information about the crucial aspects such as driving factors & challenges which will define the future growth of the market. Additionally, it also incorporates potential opportunities in micro markets for stakeholders to invest along with the detailed analysis of competitive landscape and product offerings of key players. The detailed segments and sub-segment of the market are explained below:

By Type:

Caprylic Acid
Capric Acid
Lauric Acid
Caproic Acid

By Source:

Coconut Oil
Palm Kernel Oil
Others

By Application:

Dietary Supplements
Pharmaceuticals
Food and Beverages
Beauty and Personal Care Products
Others

By Region:

North America
U.S.
Canada
Europe
UK
Germany
France
Spain
Italy
ROE
Asia Pacific
China
India
Japan
Australia
South Korea
RoAPAC
Latin America
Brazil
Mexico
Middle East & Africa
Saudi Arabia
South Africa
Rest of Middle East & Africa

Chapter 1.Executive Summary

1.1.Market Snapshot
1.2.Global & Segmental Market Estimates & Forecasts, 2020-2030 (USD Billion)
- 1.2.1.Medium Chain Triglycerides Market, by region, 2020-2030 (USD Billion)
- 1.2.2.Medium Chain Triglycerides Market, by Type, 2020-2030 (USD Billion)
- 1.2.3.Medium Chain Triglycerides Market, by Source, 2020-2030 (USD Billion)
- 1.2.4.Medium Chain Triglycerides Market, by Application, 2020-2030 (USD Billion)
1.3.Key Trends
1.4.Estimation Methodology
1.5.Research Assumption

Chapter 2.Global Medium Chain Triglycerides Market Definition and Scope

2.1.Objective of the Study
2.2.Market Definition & Scope
- 2.2.1.Industry Evolution
- 2.2.2.Scope of the Study
2.3.Years Considered for the Study
2.4.Currency Conversion Rates

Chapter 3.Global Medium Chain Triglycerides Market Dynamics

3.1.Medium Chain Triglycerides Market Impact Analysis (2020-2030)
- 3.1.1.Market Drivers
  - 3.1.1.1.Increasing demand for MCT oil in dietary supplements and functional foods
  - 3.1.1.2.Rising adoption of MCTs in personal care and cosmetics products
- 3.1.2.Market Challenges
  - 3.1.2.1.Availability of substitutes such as mineral oil
  - 3.1.2.2.Unsuitability of MCT for patients with certain medical conditions
- 3.1.3.Market Opportunities
  - 3.1.3.1.Rising popularity of ketogenic and low-carbohydrate diets
  - 3.1.3.2.Growing trend of microencapsulation of fats and oils

Chapter 4.Global Medium Chain Triglycerides Market: Industry Analysis

4.1.Porter's 5 Force Model
- 4.1.1.Bargaining Power of Suppliers
- 4.1.2.Bargaining Power of Buyers
- 4.1.3.Threat of New Entrants
- 4.1.4.Threat of Substitutes
- 4.1.5.Competitive Rivalry
4.2.Porter's 5 Force Impact Analysis
4.3.PEST Analysis
- 4.3.1.Political
- 4.3.2.Economic
- 4.3.3.Social
- 4.3.4.Technological
- 4.3.5.Environmental
- 4.3.6.Legal
4.4.Top investment opportunity
4.5.Top winning strategies
4.6.COVID-19 Impact Analysis
4.7.Disruptive Trends
4.8.Industry Expert Perspective
4.9.Analyst Recommendation & Conclusion

Chapter 5.Global Medium Chain Triglycerides Market, by Type

5.1.Market Snapshot
5.2.Global Medium Chain Triglycerides Market by Type, Performance - Potential Analysis
5.3.Global Medium Chain Triglycerides Market Estimates & Forecasts by Type 2020-2030 (USD Billion)
5.4.Medium Chain Triglycerides Market, Sub Segment Analysis
- 5.4.1.Caprylic Acid
- 5.4.2.Capric Acid
- 5.4.3.Lauric Acid
- 5.4.4.Caproic Acid

Chapter 6.Global Medium Chain Triglycerides Market, by Source

6.1.Market Snapshot
6.2.Global Medium Chain Triglycerides Market by Source, Performance - Potential Analysis
6.3.Global Medium Chain Triglycerides Market Estimates & Forecasts by Source 2020-2030 (USD Billion)
6.4.Medium Chain Triglycerides Market, Sub Segment Analysis
- 6.4.1.Coconut Oil
- 6.4.2.Palm Kernel Oil
- 6.4.3.Others

Chapter 7.Global Medium Chain Triglycerides Market, by Application

7.1.Market Snapshot
7.2.Global Medium Chain Triglycerides Market by Application, Performance - Potential Analysis
7.3.Global Medium Chain Triglycerides Market Estimates & Forecasts by Application 2020-2030 (USD Billion)
7.4.Medium Chain Triglycerides Market, Sub Segment Analysis
- 7.4.1.Dietary Supplements
- 7.4.2.Pharmaceuticals
- 7.4.3.Food and Beverages
- 7.4.4.Beauty and Personal Care Products
- 7.4.5.Others

Chapter 8.Global Medium Chain Triglycerides Market, Regional Analysis

8.1.Top Leading Countries
8.2.Top Emerging Countries
8.3.Medium Chain Triglycerides Market, Regional Market Snapshot
8.4.North America Medium Chain Triglycerides Market
- 8.4.1.U.S. Medium Chain Triglycerides Market
  - 8.4.1.1.Type breakdown estimates & forecasts, 2020-2030
  - 8.4.1.2.Source breakdown estimates & forecasts, 2020-2030
  - 8.4.1.3.Application breakdown estimates & forecasts, 2020-2030
- 8.4.2.Canada Medium Chain Triglycerides Market
8.5.Europe Medium Chain Triglycerides Market Snapshot
- 8.5.1.U.K. Medium Chain Triglycerides Market
- 8.5.2.Germany Medium Chain Triglycerides Market
- 8.5.3.France Medium Chain Triglycerides Market
- 8.5.4.Spain Medium Chain Triglycerides Market
- 8.5.5.Italy Medium Chain Triglycerides Market
- 8.5.6.Rest of Europe Medium Chain Triglycerides Market
8.6.Asia-Pacific Medium Chain Triglycerides Market Snapshot
- 8.6.1.China Medium Chain Triglycerides Market
- 8.6.2.India Medium Chain Triglycerides Market
- 8.6.3.Japan Medium Chain Triglycerides Market
- 8.6.4.Australia Medium Chain Triglycerides Market
- 8.6.5.South Korea Medium Chain Triglycerides Market
- 8.6.6.Rest of Asia Pacific Medium Chain Triglycerides Market
8.7.Latin America Medium Chain Triglycerides Market Snapshot
- 8.7.1.Brazil Medium Chain Triglycerides Market
- 8.7.2.Mexico Medium Chain Triglycerides Market
8.8.Middle East & Africa Medium Chain Triglycerides Market
- 8.8.1.Saudi Arabia Medium Chain Triglycerides Market
- 8.8.2.South Africa Medium Chain Triglycerides Market
- 8.8.3.Rest of Middle East & Africa Medium Chain Triglycerides Market

Chapter 9.Competitive Intelligence

9.1.Key Company SWOT Analysis
9.2.Top Market Strategies
9.3.Company Profiles
- 9.3.1. BASF SE
  - 9.3.1.1.Key Information
  - 9.3.1.2.Overview
  - 9.3.1.3.Financial (Subject to Data Availability)
  - 9.3.1.4.Product Summary
  - 9.3.1.5.Recent Developments
- 9.3.2.P&G Chemicals
- 9.3.3.Croda International Plc
- 9.3.4.DuPont de Nemours, Inc
- 9.3.5.Koninklijke DSM N.V.
- 9.3.6.Stepan Company
- 9.3.7.Lonza Group Ltd
- 9.3.8.Wilmar International Ltd
- 9.3.9.Sternchemie GmbH & Co. KG
- 9.3.10.Emery Oleochemicals

Chapter 10.Research Process

10.1.Research Process
- 10.1.1.Data Mining
- 10.1.2.Analysis
- 10.1.3.Market Estimation
- 10.1.4.Validation
- 10.1.5.Publishing
10.2.Research Attributes
10.3.Research Assumption

LIST OF TABLES

TABLE 1.Global Medium Chain Triglycerides Market, report scope
TABLE 2.Global Medium Chain Triglycerides Market estimates & forecasts by region 2020-2030 (USD Billion)
TABLE 3.Global Medium Chain Triglycerides Market estimates & forecasts by Type 2020-2030 (USD Billion)
TABLE 4.Global Medium Chain Triglycerides Market estimates & forecasts by Source 2020-2030 (USD Billion)
TABLE 5.Global Medium Chain Triglycerides Market estimates & forecasts by Application 2020-2030 (USD Billion)
TABLE 6.Global Medium Chain Triglycerides Market by segment, estimates & forecasts, 2020-2030 (USD Billion)
TABLE 7.Global Medium Chain Triglycerides Market by region, estimates & forecasts, 2020-2030 (USD Billion)
TABLE 8.Global Medium Chain Triglycerides Market by segment, estimates & forecasts, 2020-2030 (USD Billion)
TABLE 9.Global Medium Chain Triglycerides Market by region, estimates & forecasts, 2020-2030 (USD Billion)
TABLE 10.Global Medium Chain Triglycerides Market by segment, estimates & forecasts, 2020-2030 (USD Billion)
TABLE 11.Global Medium Chain Triglycerides Market by region, estimates & forecasts, 2020-2030 (USD Billion)
TABLE 12.Global Medium Chain Triglycerides Market by segment, estimates & forecasts, 2020-2030 (USD Billion)
TABLE 13.Global Medium Chain Triglycerides Market by region, estimates & forecasts, 2020-2030 (USD Billion)
TABLE 14.Global Medium Chain Triglycerides Market by segment, estimates & forecasts, 2020-2030 (USD Billion)
TABLE 15.Global Medium Chain Triglycerides Market by region, estimates & forecasts, 2020-2030 (USD Billion)
TABLE 16.U.S. Medium Chain Triglycerides Market estimates & forecasts, 2020-2030 (USD Billion)
TABLE 17.U.S. Medium Chain Triglycerides Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 18.U.S. Medium Chain Triglycerides Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 19.Canada Medium Chain Triglycerides Market estimates & forecasts, 2020-2030 (USD Billion)
TABLE 20.Canada Medium Chain Triglycerides Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 21.Canada Medium Chain Triglycerides Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 22.UK Medium Chain Triglycerides Market estimates & forecasts, 2020-2030 (USD Billion)
TABLE 23.UK Medium Chain Triglycerides Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 24.UK Medium Chain Triglycerides Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 25.Germany Medium Chain Triglycerides Market estimates & forecasts, 2020-2030 (USD Billion)
TABLE 26.Germany Medium Chain Triglycerides Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 27.Germany Medium Chain Triglycerides Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 28.France Medium Chain Triglycerides Market estimates & forecasts, 2020-2030 (USD Billion)
TABLE 29.France Medium Chain Triglycerides Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 30.France Medium Chain Triglycerides Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 31.Italy Medium Chain Triglycerides Market estimates & forecasts, 2020-2030 (USD Billion)
TABLE 32.Italy Medium Chain Triglycerides Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 33.Italy Medium Chain Triglycerides Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 34.Spain Medium Chain Triglycerides Market estimates & forecasts, 2020-2030 (USD Billion)
TABLE 35.Spain Medium Chain Triglycerides Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 36.Spain Medium Chain Triglycerides Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 37.RoE Medium Chain Triglycerides Market estimates & forecasts, 2020-2030 (USD Billion)
TABLE 38.RoE Medium Chain Triglycerides Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 39.RoE Medium Chain Triglycerides Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 40.China Medium Chain Triglycerides Market estimates & forecasts, 2020-2030 (USD Billion)
TABLE 41.China Medium Chain Triglycerides Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 42.China Medium Chain Triglycerides Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 43.India Medium Chain Triglycerides Market estimates & forecasts, 2020-2030 (USD Billion)
TABLE 44.India Medium Chain Triglycerides Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 45.India Medium Chain Triglycerides Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 46.Japan Medium Chain Triglycerides Market estimates & forecasts, 2020-2030 (USD Billion)
TABLE 47.Japan Medium Chain Triglycerides Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 48.Japan Medium Chain Triglycerides Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 49.South Korea Medium Chain Triglycerides Market estimates & forecasts, 2020-2030 (USD Billion)
TABLE 50.South Korea Medium Chain Triglycerides Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 51.South Korea Medium Chain Triglycerides Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 52.Australia Medium Chain Triglycerides Market estimates & forecasts, 2020-2030 (USD Billion)
TABLE 53.Australia Medium Chain Triglycerides Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 54.Australia Medium Chain Triglycerides Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 55.RoAPAC Medium Chain Triglycerides Market estimates & forecasts, 2020-2030 (USD Billion)
TABLE 56.RoAPAC Medium Chain Triglycerides Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 57.RoAPAC Medium Chain Triglycerides Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 58.Brazil Medium Chain Triglycerides Market estimates & forecasts, 2020-2030 (USD Billion)
TABLE 59.Brazil Medium Chain Triglycerides Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 60.Brazil Medium Chain Triglycerides Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 61.Mexico Medium Chain Triglycerides Market estimates & forecasts, 2020-2030 (USD Billion)
TABLE 62.Mexico Medium Chain Triglycerides Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 63.Mexico Medium Chain Triglycerides Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 64.RoLA Medium Chain Triglycerides Market estimates & forecasts, 2020-2030 (USD Billion)
TABLE 65.RoLA Medium Chain Triglycerides Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 66.RoLA Medium Chain Triglycerides Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 67.Saudi Arabia Medium Chain Triglycerides Market estimates & forecasts, 2020-2030 (USD Billion)
TABLE 68.South Africa Medium Chain Triglycerides Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 69.RoMEA Medium Chain Triglycerides Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 70.List of secondary sources, used in the study of global Medium Chain Triglycerides Market
TABLE 71.List of primary sources, used in the study of global Medium Chain Triglycerides Market
TABLE 72.Years considered for the study
TABLE 73.Exchange rates considered

List of tables and figures and dummy in nature, final lists may vary in the final deliverable

LIST OF FIGURES

FIG 1.Global Medium Chain Triglycerides Market, research methodology
FIG 2.Global Medium Chain Triglycerides Market, Market estimation techniques
FIG 3.Global Market size estimates & forecast methods
FIG 4.Global Medium Chain Triglycerides Market, key trends 2022
FIG 5.Global Medium Chain Triglycerides Market, growth prospects 2023-2030
FIG 6.Global Medium Chain Triglycerides Market, porters 5 force model
FIG 7.Global Medium Chain Triglycerides Market, pest analysis
FIG 8.Global Medium Chain Triglycerides Market, value chain analysis
FIG 9.Global Medium Chain Triglycerides Market by segment, 2020 & 2030 (USD Billion)
FIG 10.Global Medium Chain Triglycerides Market by segment, 2020 & 2030 (USD Billion)
FIG 11.Global Medium Chain Triglycerides Market by segment, 2020 & 2030 (USD Billion)
FIG 12.Global Medium Chain Triglycerides Market by segment, 2020 & 2030 (USD Billion)
FIG 13.Global Medium Chain Triglycerides Market by segment, 2020 & 2030 (USD Billion)
FIG 14.Global Medium Chain Triglycerides Market, regional snapshot 2020 & 2030
FIG 15.North America Medium Chain Triglycerides Market 2020 & 2030 (USD Billion)
FIG 16.Europe Medium Chain Triglycerides Market 2020 & 2030 (USD Billion)
FIG 17.Asia pacific Medium Chain Triglycerides Market 2020 & 2030 (USD Billion)
FIG 18.Latin America Medium Chain Triglycerides Market 2020 & 2030 (USD Billion)
FIG 19.Middle East & Africa Medium Chain Triglycerides Market 2020 & 2030 (USD Billion)