Medium Chain Triglycerides (MCT) Market Size
| Study Period | 2019 - 2029 |
| Base Year For Estimation | 2023 |
| CAGR | 8.00 % |
| Fastest Growing Market | Asia Pacific |
| Largest Market | North America |
| Market Concentration | Low |
Major Players_-_Major_Players.webp "Medium Chain Triglycerides (MCT) Market Major Players")
*Disclaimer: Major Players sorted in no particular order |
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Medium Chain Triglycerides (MCT) Market Analysis
The medium-chain triglycerides (MCT) market is estimated to reach around USD 1,270 million by the end of this year. It is expected to grow with a CAGR of over 8% during the forecast period.
In 2020, considering the COVID-19 outbreak, the food and beverage industries were affected globally. The food and beverages, personal care, and cosmetics markets account for the largest share of the medium-chain triglycerides market. Lockdowns in several countries sent the restaurant industry into a tailspin. However, in 2021, the demand from this industry will recover and is predicted to grow further.
- In the medium term, the significant factors driving the market studied are the increasing demand for dietary supplements in food and the rising penetration of MCTs in personal care and cosmetics products.
- On the flip side, the availability of substitutes, such as mineral oil, can hinder the market's growth.
- Surging demand for natural and organic beauty products will likely act as an opportunity for the studied market.
- The Asia-Pacific region is projected to experience the fastest growth globally owing to increasing consumption from countries such as China, India, and Japan.
Medium Chain Triglycerides (MCT) Market Trends
This section covers the major market trends shaping the Medium Chain Triglycerides Market according to our research experts:
Increasing Demand from Food and Beverages Segment
- Medium-chain triglycerides are produced by processing coconut and palm kernel oil. They comprise medium-chain fatty acids and are slightly yellowish. They are insoluble in water and are miscible with alcohol and methylene oxide.
- The increasing demand for medium chain triglycerides as a substitute for normal fat in diet owing to properties such as helping in maintaining a healthy weight, supporting in reducing stored body fat by increasing metabolism, and assisting in better digestion and giving more energy, is propelling the medium chain triglycerides market.
- Additionally, the growing popularity of medium-chain triglycerides among athletes, bodybuilders, and sportspeople, owing to their ability to enhance their performance, is further expected to impact the medium-chain triglycerides market positively.
- Also, according to the U.S. Department of Agriculture, The Consumer Price Index for all food in the United States increased by 0.3 % from December 2020 to January 2021. This is likely to create ample opportunities for the growth of the medium-chain triglycerides market during the forecast period.
- According to Council for Responsible Nutrition (CRN), in 2021, around 80% of Americans were using dietary supplements, up by 7% from 2020.
- According to FoodDrinkEurope, in Q2 2022, European Union food and drink industry production increased by 0.6% compared to the previous quarter.
- Owing to all the factors mentioned above for medium-chain triglycerides, the segment studied is expected to increase over the forecast period.
Asia-Pacific Region to Dominate the Market
- The Asia-Pacific region is expected to witness the fastest growth in the market for medium-chain triglycerides during the forecast period. In countries like China, India, and Japan, owing to increasing demand from various end-user industries like personal care and cosmetics, pharmaceuticals, and food and beverages, the demand for medium-chain triglycerides such as caprylic, capric, and lauric has been increasing in the region.
- Medium-chain triglycerides are used in sports drinks, nutritional bars, and energy foods. They are used as food emulsifiers and also help in enhancing the properties of hot and cold beverages, and help in adding distinct flavors to food products. Due to these factors, the demand for medium-chain triglycerides is increasing in the region, which will stimulate its market during the forecast period.
- According to the National Bureau of Statistics of China, the total profits of the food industry in China accounted for CNY 618.71 billion (~USD 95.88 billion) in 2021, compared to CNY 620.66 billion (~USD 89.99 billion) in 2020.
- The food and beverages industry accounts for around 3% of India's GDP and is the single largest employer, with more than 7.3 million workforces. In 2021, Nestle announced that the Indian packaged food market is expected to double and grow up to USD 70 billion in the next 5-10 years, led by factors that include economic growth, demographic dividend, and growing e-commerce.
- Additionally, the demand for medium chain triglycerides is expected to increase as they provide immunity against harmful viruses, bacteria, parasites, and fungi. Also, coconut oils help in treating problems related to inflammations due to antioxidant properties.
- Furthermore, the increasing consumption of medium chain triglycerides in cosmetics products like creams, lotions, gels, ointments, foams, and fragrances and flavorings is expected to further propel the medium chain triglyceride market from countries such as China, India, and South Korea.
- South Korea has one of the most advanced beauty markets in the world. New beauty trends and innovations featuring sophisticated ingredients and aesthetically-appealing packaging are constantly on display. The South Korean beauty and personal care products market was valued around USD 11,900 million in 2021, and it is expected to reach around USD 15,900 million by 2026.
- The aforementioned factors, coupled with government support, are contributing to the increasing demand for medium chain triglycerides during the forecast period.
Medium Chain Triglycerides (MCT) Industry Overview
The global medium-chain triglyceride (MCT) market is fragmented in nature. Some of the key companies in the market include Wilmar International Ltd, IOI Oleo GmbH, Musim Mas, KLK EMMERICH GmbH, and The Nisshin OilliO Group, Ltd, among others.
Medium Chain Triglycerides (MCT) Market Leaders
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Wilmar International Ltd
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KLK EMMERICH GmbH.
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Musim Mas
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The Nisshin OilliO Group, Ltd.
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IOI Oleochemical
*Disclaimer: Major Players sorted in no particular order
_Market_-_Market_Concentration.webp "Medium Chain Triglycerides (MCT) Market Concentration")
Medium Chain Triglycerides (MCT) Market News
- In February 2022, IOI Oleo, the parent company of IOI Oleo GmbH, partnered with DKSH. DKSH will provide business development, marketing, sales, logistics, and distribution services for IOI Oleo's oleochemical specialties in Australia, New Zealand, the Philippines, Taiwan, South Korea, and Vietnam.
- In September 2021, ABITEC signed an amended agreement with DKSH to distribute specialty lipids into new markets and regions across Europe. The deal strengthens an existing relationship between the two companies and aims to help grow and expand their presence in these emerging markets.
Medium Chain Triglycerides (MCT) Market Report - Table of Contents
1. INTRODUCTION
- 1.1 Study Assumptions
- 1.2 Scope of the Study
2. RESEARCH METHODOLOGY
3. EXECUTIVE SUMMARY
4. MARKET DYNAMICS
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4.1 Drivers
- 4.1.1 Increasing Demand for Dietary Supplements in Food
- 4.1.2 Rising Penetration of MCTs in Personal Care and Cosmetics Products
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4.2 Restraints
- 4.2.1 Availability of Substitutes such as Mineral Oil
- 4.3 Industry Value Chain Analysis
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4.4 Porters Five Forces Analysis
- 4.4.1 Bargaining Power of Suppliers
- 4.4.2 Bargaining Power of Consumers
- 4.4.3 Threat of New Entrants
- 4.4.4 Threat of Substitute Products and Services
- 4.4.5 Degree of Competition
5. MARKET SEGMENTATION (Market Size in Value)
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5.1 Form
- 5.1.1 Dry
- 5.1.2 Liquid
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5.2 Fatty Acid Type
- 5.2.1 Caprylic Acid
- 5.2.2 Capric Acid
- 5.2.3 Lauric Acid
- 5.2.4 Caproic Acid
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5.3 Applications
- 5.3.1 Food and Beverages
- 5.3.2 Personal Care and Cosmetics
- 5.3.3 Other Applications
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5.4 Geography
- 5.4.1 Asia-Pacific
- 5.4.1.1 China
- 5.4.1.2 India
- 5.4.1.3 Japan
- 5.4.1.4 South Korea
- 5.4.1.5 Australia and New Zealand
- 5.4.1.6 Rest of Asia-Pacific
- 5.4.2 North America
- 5.4.2.1 United States
- 5.4.2.2 Canada
- 5.4.2.3 Mexico
- 5.4.3 Europe
- 5.4.3.1 Germany
- 5.4.3.2 United Kingdom
- 5.4.3.3 Italy
- 5.4.3.4 France
- 5.4.3.5 Rest of Europe
- 5.4.4 South America
- 5.4.4.1 Brazil
- 5.4.4.2 Argentina
- 5.4.4.3 Rest of South America
- 5.4.5 Middle-East and Africa
- 5.4.5.1 Saudi Arabia
- 5.4.5.2 South Africa
- 5.4.5.3 Rest of Middle-East and Africa
6. COMPETITIVE LANDSCAPE
- 6.1 Mergers, Acquisitions, Joint Ventures, Collaborations, and Agreements
- 6.2 Market Ranking Analysis
- 6.3 Strategies Adopted by Leading Players
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6.4 Company Profiles
- 6.4.1 ABITEC (ABF Ingredients)
- 6.4.2 Acme-Hardesty (Jacob Stern & Sons Inc.)
- 6.4.3 Barlean's
- 6.4.4 BASF SE
- 6.4.5 ConnOils LLC
- 6.4.6 CREMER OLEO GmbH & Co. KG
- 6.4.7 Croda International Plc
- 6.4.8 DuPont
- 6.4.9 Henry Lamotte Oils GmbH
- 6.4.10 IOI Oleo GmbH
- 6.4.11 Jarrow Formulas, Inc.
- 6.4.12 KLK EMMERICH GmbH
- 6.4.13 Musim Mas
- 6.4.14 Nestlé Health Science (Vitaflo (International) Limited)
- 6.4.15 Oleon NV
- 6.4.16 Procter & Gamble
- 6.4.17 Stepan Company
- 6.4.18 Sternchemie GmbH & Co. KG (Stern-Wywiol Gruppe GmbH & Co. KG)
- 6.4.19 The Nisshin OilliO Group, Ltd.
- 6.4.20 Wilmar International Ltd
- *List Not Exhaustive
7. MARKET OPPORTUNITIES AND FUTURE TRENDS
- 7.1 Surging Demand for Natural and Organic Beauty Products
Medium Chain Triglycerides (MCT) Industry Segmentation
Medium-chain triglycerides (MCT) are a chemical compound composed of a glycerol backbone and three fatty acids with an aliphatic tail of 6-12 carbon atoms. Palm Kernel Oil and Coconut oil are rich sources of MCT and can be separated by fractionation. The medium chain triglycerides (MCT) market is segmented by form, fatty acid type, application, and geography. By state, the market is segmented into dry and liquid. By fatty acid type, the market is segmented into caprylic acid, capric acid, lauric acid, and caproic acid. By application, the market is segmented into food and beverages, personal care and cosmetics, and other applications. The report also covers the market size and forecasts for the medium chain triglycerides (MCT) market in 16 countries across major regions. For each segment, the market sizing and forecasts have been done based on revenue (USD Million).
| Form | Dry | |
| Liquid | ||
| Fatty Acid Type | Caprylic Acid | |
| Capric Acid | ||
| Lauric Acid | ||
| Caproic Acid | ||
| Applications | Food and Beverages | |
| Personal Care and Cosmetics | ||
| Other Applications | ||
| Geography | Asia-Pacific | China |
| India | ||
| Japan | ||
| South Korea | ||
| Australia and New Zealand | ||
| Rest of Asia-Pacific | ||
| Geography | North America | United States |
| Canada | ||
| Mexico | ||
| Geography | Europe | Germany |
| United Kingdom | ||
| Italy | ||
| France | ||
| Rest of Europe | ||
| Geography | South America | Brazil |
| Argentina | ||
| Rest of South America | ||
| Geography | Middle-East and Africa | Saudi Arabia |
| South Africa | ||
| Rest of Middle-East and Africa |
Medium Chain Triglycerides (MCT) Market Research FAQs
What is the current Medium Chain Triglycerides (MCT) Market size?
The Medium Chain Triglycerides (MCT) Market is projected to register a CAGR of greater than 8% during the forecast period (2024-2029)
Who are the key players in Medium Chain Triglycerides (MCT) Market?
Wilmar International Ltd, KLK EMMERICH GmbH. , Musim Mas , The Nisshin OilliO Group, Ltd. and IOI Oleochemical are the major companies operating in the Medium Chain Triglycerides (MCT) Market.
Which is the fastest growing region in Medium Chain Triglycerides (MCT) Market?
Asia Pacific is estimated to grow at the highest CAGR over the forecast period (2024-2029).
Which region has the biggest share in Medium Chain Triglycerides (MCT) Market?
In 2024, the North America accounts for the largest market share in Medium Chain Triglycerides (MCT) Market.
What years does this Medium Chain Triglycerides (MCT) Market cover?
The report covers the Medium Chain Triglycerides (MCT) Market historical market size for years: 2019, 2020, 2021, 2022 and 2023. The report also forecasts the Medium Chain Triglycerides (MCT) Market size for years: 2024, 2025, 2026, 2027, 2028 and 2029.
Medium Chain Triglycerides Industry Report
Statistics for the 2024 Medium Chain Triglycerides market share, size and revenue growth rate, created by Mordor Intelligence™ Industry Reports. Medium Chain Triglycerides analysis includes a market forecast outlook to 2029 and historical overview. Get a sample of this industry analysis as a free report PDF download.
