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  • Published On : Nov 2017
  • Code : CMI1007
  • Industry : Food Ingredients
  • Pages : 161
  • Formats :

Medium-chain Triglycerides (MCT) Market – Insights

Medium-chain triglycerides are saturated fats, synthesized from fatty acids. The compounds are used in various applications, due to its health benefits such as dietary supplements, infant nutrition, personal care products, and medicinal products. Growing health awareness and large population in Asia Pacific has led to increased diagnosis of digestive disorders. According to the National Institute of Diabetes and Digestive and Kidney Diseases, around 60 to 70 million people in U.S. were affected by digestive disorders such as diarrhea, celiac disease, Crohn’s disease, and steatorrhea among others. Also, rising cases of malnourishment in Asia Pacific, Latin America, and Africa is expected to fuel growth of the medium-chain triglycerides market. MCT are prescribed for malnourished children to enhance body development. According to World Health Organization (WHO), severe acute malnutrition affects around 19 million children worldwide in 2016.

North America and Asia Pacific accounted to held major share in the global medium-chain triglycerides market, in terms of revenue in 2016. Asia Pacific is expected to replace North America as the dominant region in the market by 2025. North America held a share of 28.69% in terms of revenue, followed by Asia Pacific (26.72 %) in 2016. Growing demand for dietary supplements in Asia Pacific, due to rising consumer awareness coupled with growing retail sector is expected to drive growth of the medium-chain triglycerides market in the region over the forecast period. For instance, according to India Brand Equity Foundation (IBEF)—a Trust established by the Department of Commerce, Ministry of Commerce and Industry, and Government of India—the retail market in India is expected to nearly double to US$ 1 trillion by 2020 from US$ 600 billion in 2015, due to rising disposable income, urbanization, and attitudinal shifts. Asia Pacific is expected to exhibit a CAGR of 8.53% over the forecast period and is expected to reach US$ 729.4 million by 2025.

Key factors such as favorable growth in sport activities across region, rise in strategic marketing activities by leading manufacturers to build a larger consumer base, and increasing demand for functional food supplements are expected to fuel growth of the market. Moreover, increasing fitness awareness among people fuelled by government healthcare campaigns is expected to propel growth of medium-chain triglycerides market over the forecast period. 

Also, stringent government regulations regarding quality of dietary supplements, ensure protection against adulteration and identification of banned ingredients. In the U.S., the National Science Foundation’s Internationals Certified for Sport was created to ensure that supplement label facts match the actual constituents in the product. The NSF GMP certification process indicates that a manufacturer has gone through a stringent manufacturing audit process to meet the guidelines set by NSF. This is expected to regulate the quality of products in the market and may act as a restraining factor for growth of the manufacturers.

Europe was valued at US$ 306.6 million in 2016. Increased adoption among sportspersons and bodybuilders has led to the growth of dietary supplements segment. Also, increased adoption by the medical applications for the treatment of diseases and disorders such as gall bladder disease, obstructive jaundice, AIDS, biliary cirrhosis, cystic fibrosis, pancreatitis, Whipple’s disease, Crohn’s disease, Alzheimer's disease, and seizures has fueled growth of the medium-chain triglycerides market.

The global medium-chain triglycerides market was valued at US$ 1,309.8 million in 2016 and is expected to exhibit a CAGR of 6.55%, in terms of revenue, during 2017 – 2025.

Figure 1. Global Medium-chain Triglycerides Market Share, by Application, 2016

medium chain triglycerides market

Source: Coherent Market Insights (2017)

North America and Asia Pacific accounted for major shares in the global medium-chain triglycerides market, in terms of revenue, in 2016 and this trend is projected to sustain throughout the forecast period. However, lack of awareness among populace in rural areas of emerging economies and premium pricing are major factors restraining the market growth, especially in Asia Pacific.

Major Players in the Global Medium-chain Triglycerides Market

Major players operating in the global medium-chain triglycerides market include BASF SE, Wilmar International Limited, Lonza, Koninklijke DSM N.V., Stepan Company, Nutricia, Jarrow Formulas, E. I. du Pont de Nemours and Company, KLK Oleo, and The Procter & Gamble Company.

Medium-chain triglycerides (MCTs) are a type of saturated fats derived from fatty acids. MCTs provide numerous health benefits on consumption such as increased metabolism, increased cognitive functioning and increased weight management. Thus, they are majorly used as dietary supplements. MCT supplements are common among athletes seeking nutritional support for increased performance. The compound is also used as a medicine and are normally prescribed for liver disease and digestive disorders such as diarrhea, celiac disease, and steatorrhea. Applications of medicinal MCT include gall bladder disease, obstructive jaundice, AIDS, biliary cirrhosis, cystic fibrosis, pancreatitis, Whipple’s disease, Crohn’s disease, Alzheimer's disease, and seizures.

Market Dynamics

North America and Asia Pacific are lucrative regions for medium-chain triglycerides, owing to increased demand for the dietary supplements, medical, and nutritional products. North America held the largest market in the global medium-chain glycerides in 2016, with the market valued at US$ 375.7 million and projected to witness a CAGR of 7.48% over the forecast period (2017-2025). Asia Pacific is the fastest growing region in the global medium-chain triglycerides market, owing to the large population growth and growing awareness regarding the health benefits of medium-chain triglycerides. Asia Pacific is estimated to exhibit a CAGR of 8.53% during the forecast period to reach US$ 729.46 million by 2025. Asia Pacific is expected to replace North America as the largest market in the global medium-chain triglycerides market by 2025.

Key features of the study:

  • This report provides in-depth analysis of medium-chain triglycerides market and provides market size (US$ Million) and Cumulative Annual Growth Rate (CAGR %) for the forecast period (2016 – 2024), considering 2015 as the base year
  • It elucidates potential revenue opportunities across different segments and explains attractive investment proposition matrix for this market
  • This study also provides key insights about market drivers, restraints, opportunities, new product launches or approval, regional outlook, and competitive strategy adopted by the leading players
  • It profiles leading players in the global medium-chain triglycerides market based on the following parameters – company overview, financial performance, product portfolio, geographical presence, distribution strategies, key developments and strategies, and future plans
  • Key companies covered as a part of this study include BASF SE, Wilmar International Limited, Lonza, Koninklijke DSM N.V., Stepan Company, Nutricia, Jarrow Formulas, E. I. du Pont de Nemours and Company, KLK Oleo, and The Procter & Gamble Company
  • Insights from this report would allow marketers and the management authorities of the companies to make informed decision regarding their future product launch, technology up-gradation, market expansion, and marketing tactics
  • The global medium-chain triglycerides market report caters to various stakeholders in this industry including investors, suppliers, manufacturers, distributors, new entrants, and financial analysts
  • Stakeholders would have ease in decision making through the various strategy matrices used in analyzing the medium-chain triglycerides market

Detailed Segmentation:

  • Global Medium-chain Triglycerides Market, By Fatty Acid Type:
    • Caprylic Acid
    • Capric Acid
    • Caproic Acid
    • Lauric Acid
  • Global Medium-chain Triglycerides Market, By Application:
    • Personal Care Products & Cosmetics
    • Medical
    • Dietary & Health Supplements
    • Infant Nutrition
    • Others
  • Global Medium-chain Triglycerides Market, By Geography:
    • North America
      • U.S.
        • By Fatty Acid Type:
          • Caprylic Acid
          • Capric Acid
          • Caproic Acid
          • Lauric Acid
        • By Application:
          • Personal Care Products & Cosmetics
          • Medical
          • Dietary & Health Supplements
          • Infant Nutrition
          • Others
      • Canada
        • By Fatty Acid Type:
          • Caprylic Acid
          • Capric Acid
          • Caproic Acid
          • Lauric Acid
        • By Application:
          • Personal Care Products & Cosmetics
          • Medical
          • Dietary & Health Supplements
          • Infant Nutrition
          • Others
    • Europe
      • U.K.
        • By Fatty Acid Type:
          • Caprylic Acid
          • Capric Acid
          • Caproic Acid
          • Lauric Acid
        • By Application:
          • Personal Care Products & Cosmetics
          • Medical
          • Dietary & Health Supplements
          • Infant Nutrition
          • Others
      • Germany
        • By Fatty Acid Type:
          • Caprylic Acid
          • Capric Acid
          • Caproic Acid
          • Lauric Acid
        • By Application:
          • Personal Care Products & Cosmetics
          • Medical
          • Dietary & Health Supplements
          • Infant Nutrition
          • Others
      • Italy
        • By Fatty Acid Type:
          • Caprylic Acid
          • Capric Acid
          • Caproic Acid
          • Lauric Acid
        • By Application:
          • Personal Care Products & Cosmetics
          • Medical
          • Dietary & Health Supplements
          • Infant Nutrition
          • Others
      • France
        • By Fatty Acid Type:
          • Caprylic Acid
          • Capric Acid
          • Caproic Acid
          • Lauric Acid
        • By Application:
          • Personal Care Products & Cosmetics
          • Medical
          • Dietary & Health Supplements
          • Infant Nutrition
          • Others
      • Russia
        • By Fatty Acid Type:
          • Caprylic Acid
          • Capric Acid
          • Caproic Acid
          • Lauric Acid
        • By Application:
          • Personal Care Products & Cosmetics
          • Medical
          • Dietary & Health Supplements
          • Infant Nutrition
          • Others
      • Rest of Europe
        • By Fatty Acid Type:
          • Caprylic Acid
          • Capric Acid
          • Caproic Acid
          • Lauric Acid
        • By Application:
          • Personal Care Products & Cosmetics
          • Medical
          • Dietary & Health Supplements
          • Infant Nutrition
          • Others
    • Asia Pacific
      • China
        • By Fatty Acid Type:
          • Caprylic Acid
          • Capric Acid
          • Caproic Acid
          • Lauric Acid
        • By Application:
          • Personal Care Products & Cosmetics
          • Medical
          • Dietary & Health Supplements
          • Infant Nutrition
          • Others
      • India
        • By Fatty Acid Type:
          • Caprylic Acid
          • Capric Acid
          • Caproic Acid
          • Lauric Acid
        • By Application:
          • Personal Care Products & Cosmetics
          • Medical
          • Dietary & Health Supplements
          • Infant Nutrition
          • Others
      • Japan
        • By Fatty Acid Type:
          • Caprylic Acid
          • Capric Acid
          • Caproic Acid
          • Lauric Acid
        • By Application:
          • Personal Care Products & Cosmetics
          • Medical
          • Dietary & Health Supplements
          • Infant Nutrition
          • Others
      • ASEAN
        • By Fatty Acid Type:
          • Caprylic Acid
          • Capric Acid
          • Caproic Acid
          • Lauric Acid
        • By Application:
          • Personal Care Products & Cosmetics
          • Medical
          • Dietary & Health Supplements
          • Infant Nutrition
          • Others
      • Australia
        • By Fatty Acid Type:
          • Caprylic Acid
          • Capric Acid
          • Caproic Acid
          • Lauric Acid
        • By Application:
          • Personal Care Products & Cosmetics
          • Medical
          • Dietary & Health Supplements
          • Infant Nutrition
          • Others
      • South Korea
        • By Fatty Acid Type:
          • Caprylic Acid
          • Capric Acid
          • Caproic Acid
          • Lauric Acid
        • By Application:
          • Personal Care Products & Cosmetics
          • Medical
          • Dietary & Health Supplements
          • Infant Nutrition
          • Others
      • Rest of Asia Pacific
        • By Fatty Acid Type:
          • Caprylic Acid
          • Capric Acid
          • Caproic Acid
          • Lauric Acid
        • By Application:
          • Personal Care Products & Cosmetics
          • Medical
          • Dietary & Health Supplements
          • Infant Nutrition
          • Others
    • Latin America
      • Brazil
        • By Fatty Acid Type:
          • Caprylic Acid
          • Capric Acid
          • Caproic Acid
          • Lauric Acid
        • By Application:
          • Personal Care Products & Cosmetics
          • Medical
          • Dietary & Health Supplements
          • Infant Nutrition
          • Others
      • Argentina
        • By Fatty Acid Type:
          • Caprylic Acid
          • Capric Acid
          • Caproic Acid
          • Lauric Acid
        • By Application:
          • Personal Care Products & Cosmetics
          • Medical
          • Dietary & Health Supplements
          • Infant Nutrition
          • Others
      • Rest of Latin America
        • By Fatty Acid Type:
          • Caprylic Acid
          • Capric Acid
          • Caproic Acid
          • Lauric Acid
        • By Application:
          • Personal Care Products & Cosmetics
          • Medical
          • Dietary & Health Supplements
          • Infant Nutrition
          • Others
    • Middle East
      • GCC
        • By Fatty Acid Type:
          • Caprylic Acid
          • Capric Acid
          • Caproic Acid
          • Lauric Acid
        • By Application:
          • Personal Care Products & Cosmetics
          • Medical
          • Dietary & Health Supplements
          • Infant Nutrition
          • Others
      • Israel
        • By Fatty Acid Type:
          • Caprylic Acid
          • Capric Acid
          • Caproic Acid
          • Lauric Acid
        • By Application:
          • Personal Care Products & Cosmetics
          • Medical
          • Dietary & Health Supplements
          • Infant Nutrition
          • Others
    • Africa
      • North Africa
        • By Fatty Acid Type:
          • Caprylic Acid
          • Capric Acid
          • Caproic Acid
          • Lauric Acid
        • By Application:
          • Personal Care Products & Cosmetics
          • Medical
          • Dietary & Health Supplements
          • Infant Nutrition
          • Others
      • Central Africa
        • By Fatty Acid Type:
          • Caprylic Acid
          • Capric Acid
          • Caproic Acid
          • Lauric Acid
        • By Application:
          • Personal Care Products & Cosmetics
          • Medical
          • Dietary & Health Supplements
          • Infant Nutrition
          • Others
      • South Africa
        • By Fatty Acid Type:
          • Caprylic Acid
          • Capric Acid
          • Caproic Acid
          • Lauric Acid
        • By Application:
          • Personal Care Products & Cosmetics
          • Medical
          • Dietary & Health Supplements
          • Infant Nutrition
          • Others
  • Company Profiles
    • BASF SE*
      • Company Overview
      • Product Portfolio
      • Financial Performance
      • Key Strategies
      • Recent Developments
      • Future Plans
    • Wilmar International Limited
    • Lonza
    • Koninklijke DSM N.V.
    • Stepan Company
    • Nutricia
    • Jarrow Formulas
    • E. I. du Pont de Nemours and Company
    • The Procter & Gamble Company
    • KLK Oleo

“*” marked represents similar segmentation in other categories in the respective section.

Frequently Asked Questions

The global medium-chain triglycerides market is estimated to surpass US$ 2,295.6 Million by 2025.
Major players operating in the global medium-chain triglycerides market include BASF SE, Wilmar International Limited, Lonza, Koninklijke DSM N.V., Stepan Company, Nutricia, Jarrow Formulas, E. I. du Pont de Nemours and Company, KLK Oleo, and The Procter & Gamble Company.
Among fatty acid type, caprylic acid segment held dominant position in the market in 2016, and is expected to retain its dominance over the forecast period.
Rising cases of malnourishment in Asia Pacific, Latin America, and Africa is one of the major factors that is expected to propel growth of the market over the forecast period.
The global medium-chain triglycerides market is estimated to exhibit a CAGR of 6.55% over the forecast period.
Among regions, North America accounted for the largest market share, in terms of revenue and volume, in the global medium-chain triglycerides market in 2016.

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