According to Stratistics MRC, the “Global Medium-Chain Triglycerides Market” is accounted for $524.57 million in 2016 and is expected to reach $869.95 million by 2023 growing at a CAGR of 7.4% during the forecast period. Some of the factors such as expanding health concerns of consumers and growing number of applications are fueling the market growth. However, more number of substitutes is hampering the market. Rising demand in emerging economies provides ample of opportunities for the market growth.
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Medium chain triglycerides (MCTs) are partially man-made fats. The name refers to the manner in which the carbon atoms are arranged in their chemical structure. These are basically found in foods like coconut oil and consist of two or three fatty acids having an aliphatic tail of 6 to 12 carbon atoms. These triglycerides have several potential health benefits.
Opportunity: Increased demand for medium chain triglycerides from the developing countries would provide ample opportunities for the market growth.
Because of the numerous health benefits of medium chain triglycerides, the demand for it is increasing at a tremendous rate, especially from the developing nations. This paves the way for a potential future market for this compound. The fact that this fat is safe for daily consumption ia making it more popular among consumers.
Driver: The ingredients are safe and natural.
Medium-chain triglycerides are derived from natural sources like coconut oil and palm kernel. That is, they are of natural origin. Also, they are safe in nature as they can be consumed by people who are allergic to dairy products or nuts.
By form, the liquid form segment is expected to grow at a significant market share during the forecast period. The liquid form MCT’s find application as an energy supply for consumers with weak fat digestion. This form has more amount of caprylic acid.
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By geography, the North America region is anticipated to hold considerable market share during the forecast period. The region has high demand for MCT’s in different end user industries. Also, the market is quite matured in the North American countries.
The Global Medium-Chain Triglycerides Market Leaders are Wilmar International Limited, Croda International PLC, Koninklijke DSM N.V, Emery Oleochemicals Group, Musim Mas Holdings, Acme-Hardesty Co. Inc., Sternchemie GmbH & Co Kg, E.I. Dupont De Nemours and Company, KLK OLEO, Lonza Group Ltd., BASF SE, The Procter & Gamble Company and Stepan Company.
Wilmar International Limited: In November 2016, Golden Agri-Resources (GAR) and Wilmar International Limited announced their collaboration with Business for Social Responsibility (BSR), a global non-profit organization that works towards a sustainable world by developing sustainable business strategies and solutions. The collaboration will begin with a review of existing labour practices in the palm oil sector in Indonesia, and is proposed to devise practical approaches to improving labour practices.
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Emery Oleochemicals Group: In April 2016, Emery Oleochemicals Group opened a 7,500 square foot Technical Development Center (TDC). This center will serve as the Global Center of Excellence for Emery Oleochemicals‘business, dedicated to provide innovative solutions.
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