Global Medium Chain Triglycerides Market

Global Medium Chain Triglycerides Market Size, Share, Growth Analysis, By Source(Coconut Oil, Palm Kernel Oil), By Form(Powder, and Liquid), By Application(Dietary & Health Supplements, Personal Care & Cosmetics) - Industry Forecast 2024-2031

Report ID: SQMIG15E2237 | Region: Global | Published Date: March, 2024
Pages: 184 | Tables: 90 | Figures: 76

Global Medium Chain Triglycerides Market Competitive Landscape

The market is very fragmented, and the dominant firms have been there for a very long time. Due to the rising demand for health supplements, it is anticipated that the rivalry would worsen throughout the anticipated time. Additionally, the existence of significant and long-standing players has increased market competition to a high degree.

The majority of players are backward integrated & concentrated on acquiring sustainable raw materials, which helps to lower production costs. In order to create a sustainable supply chain for coconut oil in the Philippines & Indonesia, industry participants like BASF SE, P&G, and Cargill, Inc. have joined forces. This alliance was requested by the German Federal Ministry for Development and Economic Cooperation (BMZ).

Top Player’s Company Profiles

  • KLK Oleo
  • Wilmar International Ltd.
  • Sternchemie GmbH & Co. KG
  • Stepan Company
  • Nutricia Advanced Medical Nutrition
  • Kerry Group
  • Jarrow Formulas, Inc.
  • NOW Foods
  • Lonza Group Ltd.
  • Nutiva Inc.
  • Koninklijke DSM N.V.
  • MusclePharm Corporation
  • ABITEC Corporation
  • Emery Oleochemicals
  • Peter Cremer Holding GmbH & Co. KG
  • AAK AB
  • Oleon NV

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FAQs

Global Medium Chain Triglycerides Market size was valued at USD 2.07 Billion in 2022 and is poised to grow from USD 2.21 Billion in 2023 to USD 3.74 Billion in 2031, at a CAGR of 6.8% during the forecast period (2024-2031).

The market is very fragmented, and the dominant firms have been there for a very long time. Due to the rising demand for health supplements, it is anticipated that the rivalry would worsen throughout the anticipated time. Additionally, the existence of significant and long-standing players has increased market competition to a high degree. 'IOI Oleochemicals', 'BASF SE', 'Croda International PLC', 'KLK Oleo', 'Wilmar International Ltd.', 'Sternchemie GmbH & Co. KG', 'Stepan Company', 'Nutricia Advanced Medical Nutrition', 'Kerry Group', 'Jarrow Formulas, Inc.', 'NOW Foods', 'Lonza Group Ltd.', 'Nutiva Inc.', 'Koninklijke DSM N.V.', 'MusclePharm Corporation', 'ABITEC Corporation', 'Emery Oleochemicals', 'Peter Cremer Holding GmbH & Co. KG', 'AAK AB', 'Oleon NV'

MCTs have gained popularity across various industries, including food and beverage, dietary supplements, pharmaceuticals, and cosmetics. The versatility of MCTs in these sectors, as a dietary fat source, energy booster, emulsifier, and carrier for active ingredients, drives the demand for MCT products.

Increasing Demand for Clean Label and Natural Products: Consumers are increasingly seeking clean label and natural products, including MCTs. There is a growing preference for MCTs derived from natural sources such as coconut oil, as they are perceived to be healthier and more sustainable.

North America accounted for about 35.0% of market volume, and it is expected that it is going to retain its dominance over the following years. The millennial generation is primarily to blame for the region's increasing product demand because of their growing interest in functional meals, beverages, and nutritional supplements. There are several reputable beverage manufacturers in the region, which is headed by the United States.

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Global Medium Chain Triglycerides Market

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