The global medium-chain triglycerides market was valued at US$ 1,309.8 million in 2016 and is projected to reach US$ 2,295.6 million by 2025, exhibiting a CAGR of 6.55% during the forecast period, according to Medium-chain Triglycerides Market Report, by Fatty Acid Type (Caprylic Acid, Capric Acid, Caproic Acid, and Lauric Acid) and by Application (Personal Care Products & Cosmetics, Medical, Dietary & Health Supplements, Infant Nutrition, and Others) published by Coherent Market Insights.
Growing urban population in emerging economies such as India, China, and ASEAN coupled with increasing health awareness among the populace has resulted in growth of the medium-chain triglycerides market.
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Browse 200 market data tables* and 120 figures* on "Medium-chain Triglycerides Market” - Global forecast to 2025.
Key Trends and Analysis of the Medium-chain Triglycerides Market:
Among fatty acid type, the caprylic acid segment held a dominant position in the market in 2016 and is expected to retain its dominance over the forecast period.
Among application, the dietary and health supplements segment accounted for the highest market share of 58.6% in 2016 and is expected to witness significant market growth for medium-chain triglycerides over the forecast period. Furthermore, the medical segment is expected to drive growth of the market over the forecast period, owing to increasing number of patient pool and increase in healthcare expanses in Asia Pacific.
Key Takeaways of the Market
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