Medium Chain Triglyceride Market is gaining fast traction from sectors that include nutritional diet, cosmetics & personal care, pharmaceuticals, sports drinks, and infant nutrients. The product is widely used as a substitute for normal fat and boosts metabolism while managing weight, healthy cognitive functioning, and diseases such as diarrhea, gallbladder disease, jaundice, Whipple’s disease, and Alzheimer’s diseases, and others. The Global Medium Chain Triglyceride Market is expecting a substantial rise during the forecast period (2017-2023), reveals Market Research Future (MRFR). Their report, further, integrates prevalence of lifestyle diseases as major driver for the medium chain triglyceride market.
However, governments are strict while imposing regulations which can delay product launch time and, in a way, increase the production cost. But increasing fitness awareness is giving the Medium Chain Triglyceride Market thrust using which the market can grow manifold in the near future.
In a report, the International Food Information Council (IFIC) Foundation’s 2018 Food & Health Survey revealed that the U.S. consumers are now avoiding saturated fats as they deem it unhealthy and are opting for Medium Chain Triglyceride which can be seen as a positive sign for the medium chain triglyceride market.
Phytochem has recently joined hands with Shaanxi Healthful Bioengineering (HSF Biotech) and is planning to distribute VegeLiPi, the latter’s micro-encapsulated medium chain triglyceride powder in the U.S.
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The Global Medium Chain Triglycerides Market can be segmented by Source, Form, Fatty Acid Type, and Application.
Based on the Source, the Medium Chain Triglycerides Market can be segregated into coconut, palm, and others.
By Form, the Medium Chain Triglycerides Market includes dry form and liquid form.
Based on Fatty Acid Type, the Medium Chain Triglycerides Market comprises caprylic acid, capric acid, lauric acid, and caproic acid.
Application-Wise, the Medium Chain Triglycerides Market consists dietary supplements, cosmetic & personal care, pharmaceuticals, sports drinks, infant nutrition, and others.
Region-specific analysis of the Medium Chain Triglycerides Market spans across Europe, Asia Pacific (APAC), North America, Latin America (LATAM), and the Middle East & Africa (MEA).
North America is currently dominating the market, and the scenario is not expected to change much during the assessment years. The region is showing tremendous potential as awareness related to the use of Medium Chain Triglycerides is on the rise. People are now willing to spend more on cosmetics & personal care and other food components and let the effects of Medium Chain Triglycerides sip in.
The APAC region is expected to grow with the fastest CAGR during the forecast period. High disposable income has given consumers across the region more power to own lifestyle products that, as associated sectors of medium chain triglycerides, can boost the market. The growing infant population is also impacting the market substantially. Europe is expecting a 4% CAGR during the review period. Increasing sale of hair care, cream, and moisturizer have triggered the regional growth of the Medium Chain Triglycerides Market.
Tactics play an integral role in giving the market much-needed thrust, thus, ensuring growth from both companies and associated sectors. For instance, Phytochem’s collaboration with HSF Biotech is effective on both grounds, expansion of portfolio for both and market expansion for medium chain triglycerides. KLK Oleo is, on the other hand, is acquiring Elementis Specialities Netherlands BV (ESN) to cement their market presence further.
Significant players operating in the Global Medium Chain Triglycerides Market are BASF SE (Germany), Sternchemie GmbH & Co KG (Germany), KLK Oleo (Malaysia), Sternchemie Lipid Technology (Germany), DuPont (U.S.), Emery Oleochemicals (U.S.), Wilmar International Ltd (Singapore), Jarrow Formulas (U.S), Stepan Company (U.S.), ABITEC (U.S) and others.
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