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MCT Oil Market Share

Report ID: GMI7346
Published Date: Nov 2023
Report Format: PDF

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MCT Oil Market Share

Major companies operating in the MCT oil industry includes:

IOI Oleo
Oleon
Stepan
BASF
KLK OLEO
Nisshin OilliO Group
Kao Corporation
Wilmar International Limited
Musim Mas Holdings Pte. Ltd.
Croda International
Lonza
ABITEC Corporation
Valio

The market players are undergoing various strategic initiatives, such as mergers and acquisitions, partnerships, collaborations.

BASF SE, one of the world's leading chemical giants, is headquartered in Ludwigshafen, Germany, and boasts a rich history dating back to 1865. Diversified across various core business segments, BASF's influence extends far and wide. The company operates in chemicals, materials, industrial solutions, surface technologies, agricultural solutions, and the oil & gas sector. With a global presence spanning over 80 countries, BASF's extensive network includes production facilities, research centers, and sales offices across the world. Innovation is at the heart of their operations, as they continually invest in research and development to create sustainable, groundbreaking solutions for a broad spectrum of industries. Sustainability is a top priority, with ambitious goals set for reducing carbon emissions and improving resource efficiency.

Authors: Kiran Pulidindi, Manish Mohanan

Frequently Asked Questions (FAQ) :

Market size for MCT oil was worth USD 0.78 billion in revenue in 2022 and is set to record 7.6% CAGR from 2023 to 2032 driven by the rising consumer awareness of the health benefits.

The coconut oil segment held 43.5% revenue share of the MCT oil market in 2022 and is likely to witness high demand between 2023 and 2032 attributed to the increasing consumer preference for sustainable and clean-label products.

Asia Pacific MCT oil industry was USD 0.27 billion in revenue in 2022 and is estimated to expand at a notable pace through 2032 attributed to the surging health and wellness awareness among the regional consumers.

Some of the major MCT oil companies are Stepan, BASF, KLK OLEO, Nisshin OilliO Group, Wilmar International Limited, Musim Mas Holdings Pte. Ltd., Croda International, Lonza, ABITEC Corporation, and Valio, among others.