Medium chain triglycerides are made up of medium chain fatty acids with carbon chains. They are prepared by treating coconut and palm oils in a laboratory. Medium chain triglycerides are drab or slightly yellowish, oily liquid, and insoluble in water. They are miscible with methylene chloride, alcohol, petroleum product, and fatty oil.
Medium chain triglycerides are widely used as substitutes for normal fat in diet by sportsmen. Medium chain triglycerides are readily available in various food items such as palm kernel oil, coconut oil, cheese, milk, butter, and yogurt. Coconut is a major source of medium chain triglycerides. Medium chain triglyceride is an exclusive form of dietary fat that offers a wide range of health benefits.
Medium Chain Triglycerides Market: Trends & Developments
Rise in demand for medium chain triglycerides can be ascribed to the increase in health concerns about dietary supplements. Medium chain triglycerides offer various benefits such as weight management by reducing the fats in the body. The medium chain triglycerides market is driven by the increase in demand for various products containing medium chain triglycerides. Growth in demand for food and beverages in developing countries is also driving the medium chain triglycerides market.
Availability of a new source of raw material is expected to significantly impact the medium chain triglycerides market. Furthermore, expansion in the personal care sector is anticipated to boost the demand for medium chain triglycerides in the next few years.
Medium Chain Triglycerides Market: Segmentation
The global medium chain triglycerides market can be segmented based on product type, application, and region. In terms of product type, the medium chain triglycerides market can be classified into caprylic acid, lauric acid, caproic acid, and capric acid. The caprylic acid segment is expected to maintain its leading position in the near future.
Based on application, the medium chain triglycerides market can be divided into food, personal care & cosmetics, pharmaceuticals, and dietary & health supplements. The dietary & health supplements segment dominated the market in terms of revenue in 2018. Medium chain triglycerides oil is majorly used to improve nutrient absorption, digestion, metabolism, and provide energy and burn fat.
Medium chain triglycerides are used in beverages, nutritional bars, and energy foods. They help enhancing the properties of hot and cold beverages. They are also used as food emulsifiers. Furthermore, they are used to create distinct flavors in food products. The rising consumer expenditure for nutraceuticals and pharmaceuticals products coupled with various health benefits of using MCT in the prevention of cardiovascular disorders and improving metabolism in the body is expected to enhance the market growth in near future. Increase in consumption of cosmetic products such as creams, ointments, foams, and lotions has positively influenced the market growth.
Medium Chain Triglycerides Market: Regional Outlook
Based on region, the medium chain triglycerides market can be split into North America, Latin America, Europe, Asia Pacific, and Middle East & Africa. The medium chain triglycerides market in Asia Pacific is expected to expand significantly during the forecast period. The market in the region is characterized by the rise in demand for these triglycerides in the food & beverages industry. North America and Europe are mature regions of the market. Rise in demand for medium chain triglycerides in these regions can be ascribed to the increase in consumer interest in weight management.
Medium Chain Triglycerides Materials Market: Key Players
Key players operating in the global medium chain triglycerides market are Cremer, Elementis, Stepan Company, BASF SE, Croda, Sternchemie, Emery, Dr.Straetmans, Acme-Hardesty, Magna-Kron, Lonza, Avicpharmaceutical, Wumei, ABITEC Corporation, A&A Fratelli Parodi, Henry Lamotte Oils GmbH, Zhejiang Wumei, Wilmar International Limited, and Avic Pharmaceutical.