Medium-Chain Triglycerides Market Size, Share & Industry Analysis, By Source (Coconut, Palm, Others), By Form (Liquid, Dry), By Application (Food & Beverages, Personal Care, Pharmaceuticals, Other Applications) And Regional Forecast, 2024-2032

The global medium-chain triglycerides market is expected to register promising growth in recent years due to consumers' inclination to adopt a healthy diet. With the adoption of new diets such as the ketogenic diet and vegan diet, the demand for products that supplement these diets is rising. The use of MCT oil along with a ketogenic diet helps to promote the conversion of ketones in the liver. Hence, these products are adopted by the consumers to improve the health of the individuals.

Medium-chain triglycerides are becoming one of the most popular products adopted by the individuals to promote weight loss. MCT is made of fatty acids that contain 6 and 12 carbon molecules available in foods such as coconut oil and coconut meat, among others. When oxidized, these products provide a high amount of energy and are ideal for use by high-performance individuals such as athletes. 

Inflammation is one of the leading causes of death in the world. Several people die every year due to stroke, diabetes, and other chronic respiratory disorders. As per a research paper published in the journal foods in 2019, MCT acts as an anti-inflammatory oil that regulates inflammation in the body. It also helps to reduce cholesterol levels in the body and protect the heart. Additionally, as per a report stated in the Journal of Prevention of Alzheimer's Disease, MCT oil helps prevent Alzheimer's disease. It also acts as a dietary supplement and helps to increase energy and improves brain function. Accessories that include MCT are also suitable for individuals who suffer from  celiac disease, Crohn's disease, irritable bowel syndrome, etc. This is mainly due to the factor that MCTs can be absorbed directly and transferred to the liver. These products also help individuals to lose weight quickly.

Overconsumption of MCT causes several health problems such as bloating and other gastrointestinal disorders. Before incorporating MCT into the diet, consumers need to consult with their dieticians to understand the correct amount of oil beneficial for the body. Apart from MCT, other essential fats and oils also need to be incorporated to ensure that the consumers achieve a balanced diet. Additionally, consumers can also opt for other available alternatives such as olive oil instead of MCT oil. Olive oil is a much healthier option for the heart compared to MCT oil. The production process of the MCTs is also complicated, which adds to the increase in the production cost.  

Key Players Covered:

• BASF SE


• Koninklijke DSM N.V.


• E. I. du Pont de Nemours and Company 


• KLK Oleo


• The Procter & Gamble Company


• Lonza Group Ltd


• Musim Mas Holdings


• Croda International Plc.


• Acme-Hardesty Co. Inc.


• Wilmar International Limited


• Stepan Company


• Sternchemie GmbH & Co. KG

SEGMENTATION

Among the source of the products, the coconut oil segment is expected to register promising growth in the upcoming period. The oil is primarily derived from coconut and is easily absorbed by the body. It is also suitable for people who are allergic to dairy-based products.

MCTs are available in various forms, such as liquid and dry conditions. Among them, the liquid segment is widely used in the market as it is suitable for impaired digestive capability. In recent years, MCT powders are also gaining popularity and are used for preparing nutritional supplements.

The MCT product is also used in the sports industry, pharmaceuticals, and personal care ingredients among the application. The use of MCTs in athletics is gaining popularity as they help to provide energy to the users.

Regional Analysis:

The Asia-pacific region is expected to witness significant growth in the future owing to the growing adoption of cosmetics and personal care products in the area. Countries such as China and Japan are some of the largest manufacturers of MCT in the world. Due to urbanization and a high standard of living, the demand for nutritional products is also growing significantly in the region. In turn, the aforementioned is prompting companies to develop new products such as dietary supplements to meet the requirements of the consumers in the area.

MEDIUM-CHAIN TRIGLYCERIDES MARKET SEGMENTATION ANALYSIS

Key Industry Developments

• In August 2020, Dr Reddys Laboratories Ltd announced the launch of 'Celevida Maxx', a product that is designed to manage the nutritional requirements of patients suffering from Cancer, Critical Care and Chronic Obstructive Pulmonary Disease (COPD) patients present in India.


• In Feb 2021, Nexe Innovations a plant based material manufacturer launched a micro-ground soluble coffee with organic medium chai triglycerides that is present in a fully compostable coffee pod.