Medium Chain Triglycerides Global Market Report 2024 - By Demand, Share, Size, Trends, Forecast To 2033
Global medium chain triglycerides market size is expected to reach $2.96 billion by 2028 at a rate of 9.6%, segmented as by source, coconut, palm, other sources
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The medium chain triglycerides market size is expected to see strong growth in the next few years. It will grow to $2.96 billion in 2028 at a compound annual growth rate (CAGR) of 9.6%. The growth in the forecast period can be attributed to increasing prevalence of obesity, increasing weight management supplements, increasing organic supplements, increasing consumption of nutritional food, increasing consumption of functional food. Major trends in the forecast period include developing plant-based materials, product innovations, technological advancements, innovation in food and beverage applications, and innovation in delivery formats.
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Segmentation & Regional Insights
The medium chain triglycerides market covered in this report is segmented –
1) By Source: Coconut, Palm, Other Sources
2) By Form: Dry Form, Liquid Form
3) By Application: Nutraceutical Supplements, Food And Beverages, Pharmaceuticals, Cosmetics And personal care, Other Applications
North America was the largest region in the medium chain triglycerides market in 2023. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the medium chain triglycerides market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
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Major Driver Impacting Market Growth
The increasing prevalence of obesity is expected to propel the growth of the medium-chain triglycerides market going forward. Obesity is a chronic, complex disease characterized by excessive accumulation of body fat that can impair health. The prevalence of obesity is due to a surge in health-conscious behaviors, unhealthy eating habits, and lack of exercise. Medium-chain triglycerides are rapidly absorbed and transported directly to the liver, where they are quickly converted into energy (ketones) rather than stored as fat. This process can increase metabolic rate and energy expenditure compared to long-chain fatty acids (LCTs). For instance, in March 2023, according to the World Heart Foundation, a Switzerland-based non-government global cardiovascular community, globally, around 2.3 billion adults and children are obese or overweight, and it is estimated that the number of people living with obesity will reach 2.7 billion by 2025. Therefore, the increasing prevalence of obesity drives the medium-chain triglycerides market.
Key Industry Players
Major companies operating in the medium chain triglycerides market are Nestle Health Science S.A., BASF SE, Wilmar International Ltd., ABF Ingredients, DuPont de Nemours Inc., Musim Mas Group, Lonza Group AG, The Nisshin OilliO Group Ltd., IOI Oleochemical, Stepan Company, Croda International Plc, KLK Oleo, Sternchemie GmbH & Co. KG (Stern-Wywiol Gruppe GmbH & Co. KG), Oleon NV, Jarrow Formulas Inc., ABITEC , Connoils LLC, Acme-Hardesty (Jacob Stern & Sons Inc.), Barlean's, CREMER OLEO GmbH & Co. KG, Henry Lamotte Oils GmbH
The medium chain triglycerides market report table of contents includes:
1. Executive Summary
2. Medium Chain Triglycerides Market Characteristics
3. Medium Chain Triglycerides Market Trends And Strategies
4. Medium Chain Triglycerides Market - Macro Economic Scenario
5. Global Medium Chain Triglycerides Market Size and Growth
......................................
32. Global Medium Chain Triglycerides Market Competitive Benchmarking
33. Global Medium Chain Triglycerides Market Competitive Dashboard
34. Key Mergers And Acquisitions In The Medium Chain Triglycerides Market
35. Medium Chain Triglycerides Market Future Outlook and Potential Analysis
36. Appendix
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