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Medium-chain Triglycerides Market Share

Report ID: GMI5216
Published Date: Feb 2023
Report Format: PDF

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Medium-chain Triglycerides Market Share

Some of the leading companies in the medium-chain triglycerides market include

BASF
Lonza
Dupont
Croda International
Acme Hardesty
P&G Chemicals
Stepan Company
KLK OLEO
Sternchemie GMNH & CO. KG.

These firms are focusing on strategic collaborations and partnerships to expand their business and consolidate competitive lead. For instance, in February 2021, DuPont announced the merger of its Nutrition & Biosciences business with International Flavors & Fragrances Inc. The company aims to strengthen its presence in the home & personal care, food & beverage, and health & wellness sectors.

Authors: Kiran Pulidindi, Kunal Ahuja

Frequently Asked Questions (FAQ) :

The market size of medium-chain triglycerides worth USD 1.3 billion in 2022 and is set to witness over 6% CAGR between 2023 and 2032.

The food & beverage applications segment is poised to expand at a CAGR of 5.5% from 2023 to 2032, due to surging use in the manufacturing of functional foods.

The market size for medium-chain triglycerides in Asia Pacific is projected to exceed USD 765 million by 2032, owing to the rising rate of pharmaceutical manufacturing.

BASF, Lonza, Croda International, Acme Hardesty, Stepan Company, KLK OLEO, and Sternchemie GMNH & CO. KG. are some of the major companies in the market.