Medium-Chain Triglycerides Market Size, Share, Trends, Growth and Forecast 2030

Medium-chain Triglycerides Industry Prospective:

The global medium-chain triglycerides market size was evaluated at $3000 million in 2022 and is slated to hit $6000 million by the end of 2030 with a CAGR of nearly 5% between 2023 and 2030.

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Medium-chain Triglycerides Market: Overview

Medium-chain triglycerides are partially derived fats with 6-12 carbon chain lengths. They comprise of capric acid, caproic acid, caprylic acid, and lauric acid. The product is generally derived from vegetable oils including rapeseed, coconut, sunflower, palm kernel, and soybean. Coconut oil is considered a key source of medium-chain triglycerides extraction. Moreover, medium-chain triglycerides are separated by fractionation and can be manufactured with the help of the process of interesterification.   

Key Insights

• As per the analysis shared by our research analyst, the global medium-chain triglycerides market is projected to expand annually at the annual growth rate of around 5% over the forecast timespan (2023-2030)
• In terms of revenue, the global medium-chain triglycerides market size was evaluated at nearly $3000 million  in 2022 and is expected to reach $6000 million  by 2030.
• The global medium-chain triglycerides market is anticipated to grow rapidly over the forecast timeline owing to the growing health benefits offered by the product along with the ability of medium-chain triglycerides oil in preventing chronic disorders such as Alzheimer’s and body inflammation.
• In terms of fatty acid type, the lauric acid segment is slated to register the highest CAGR over the analysis period.
• Based on application, the dietary & health supplements segment is expected to dominate the segmental growth over the assessment timeline.
• Region-wise, the Asia-Pacific medium-chain triglycerides industry is projected to register the fastest CAGR during the assessment timeline.

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Medium-chain Triglycerides Market: Growth Factors

Rise in health awareness among the people will drive the global market trends

Growing health benefits offered by the product along with the ability of medium-chain triglycerides oil in preventing chronic disorders such as Alzheimer’s and body inflammation will scale up the expansion of the medium-chain triglycerides market globally. An increase in the intake of healthy diet by the consumers in the emerging economies will pave the way for humungous growth of the market across the globe. Furthermore, growing product applications in functional foods, personal care products, pharmaceuticals, infant formulas, food supplements, and nutritive foods will embellish the market growth trends across the globe. New product launches will not only expand the product portfolio but will expand the scope of the growth of the business in the ensuing years. Citing an instance, in February 2020, QNET, an Asian direct selling firm, introduced a new product referred to as Nutriplus Virgin Coconut Oil, thereby incrementing its health & wellness product portfolio. For the record, the new product comprises of a large proportion of medium-chain triglycerides as its constituent.

Medium-chain Triglycerides Market: Restraints

Access to substitutes such as olive oil at reasonable prices will restrict the growth of the global industry

Easy availability of substitute products can pose a big threat to the global medium-chain triglycerides industry expansion. Huge raw material prices can further impede the global industry growth over the ensuing years.

Medium-chain Triglycerides Market: Opportunities

Increase in the preference for natural cosmetics will create new growth opportunities for the global market

Surge in the demand for natural cosmetics across the globe will open new growth avenues for the global medium-chain triglycerides market in the coming years.

Medium-chain Triglycerides Market: Challenges

Stringent government legislation can prove to be a challenge in the expansion of the industry across the globe

Strict government laws over the use of the product can prove to be a huge challenge in the growth path of the global medium-chain triglycerides industry. Moreover, high import costs of products will further truncate the growth of the global industry.

Medium-chain Triglycerides Market: Segmentation

The global medium-chain triglycerides market is sectored into fatty acid type, application, and region.        

In fatty acid type terms, the global medium-chain triglycerides market is segregated into caproic acid, capric acid, caprylic acid, and lauric acid segments. Furthermore, the lauric acid segment, which amassed nearly one-fourth of the global market revenue in 2022, is set to record the highest CAGR in the ensuing years. The growth of the segment in the forecasting timespan can be owing to the large presence of lauric acid in medium-chain triglycerides of coconut oil.

Based on the application, the global medium-chain triglycerides industry is sectored into dietary & health supplements, personal care & cosmetics, and pharmaceuticals segments. Moreover, the dietary & health supplements segment, which garnered a huge chunk of the global industry share in 2022, is expected to lead the global industry over the analysis timespan. The segmental expansion over the predicted timeline can be subject to massive demand for products in diet owing to its ability in preventing chronic diseases such as gastrointestinal disorders, heart ailments, and Alzheimer’s.

Medium-Chain Triglycerides Market: Report Scope

 Medium-chain Triglycerides Market: Regional Insights

North America is prognosis to maintain leadership position in the global medium-chain triglycerides market in the forecasting years

North America, which contributed about 36% of the global medium-chain triglycerides market revenue in 2022, will be a dominating region over the projected timespan. Furthermore, the regional market growth can be subject to a rise in the focus on the intake of food supplements as well as functional diets among the millennial population in countries such as Canada and the U.S.

Asia-Pacific medium-chain triglycerides industry is set to register the fastest CAGR in the forthcoming years owing to escalating demand for the product in the healthcare and nutraceutical sectors. Furthermore, growing health awareness among the youth will prompt the regional industry surge. Moreover, the presence of key players in countries such as India and China will steer the expansion of the industry in the region.

Medium-chain Triglycerides Market: Competitive Space

The global medium-chain triglycerides market profiles key players such as:

• Elementis
• Acme-Hardesty
• Peter Cremer Holding GmbH & Co. KG
• ABITEC Corporation
• Magna-Kron Corp
• BASF SE
• Emery Oleochemicals Group
• CONNOILS LLC
• Croda International Plc
• Dr. Straetmans GmbH
• Klk Oleo
• Lonza Group
• Musim Mas
• Oleon
• Stepan

The global medium-chain triglycerides market is segmented as follows:

By Application

• Personal Care & Cosmetics
• Dietary & Health Supplements
• Pharmaceuticals

By Fatty Acid Type

• Caproic Acid
• Caprylic Acid
• Capric Acid
• Lauric Acid

By Region

• North America
  • The U.S.
  • Canada
• Europe
  • France 
  • The UK
  • Spain
  • Germany
  • Italy
  • Rest of Europe
• Asia Pacific
  • China
  • Japan
  • India
  • South Korea
  • Southeast Asia
  • Rest of Asia Pacific
• Latin America
  • Brazil
  • Mexico
  • Rest of Latin America
• Middle East & Africa
  • GCC
  • South Africa
  • Rest of Middle East & Africa