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Medium-chain Triglycerides Market Size

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

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Medium-chain Triglycerides Market Size

Medium-chain Triglycerides Market size surpassed USD 1.3 billion in 2022 and is projected to expand at over 6% CAGR from 2023 to 2032.

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Increasing prevalence of obesity in western countries, particularly across North America is expected to proliferate the need for weight management supplements containing medium-chain triglycerides (MCTs). Lack of nutrition, rapid adoption of sedentary lifestyles, improper diet, and the increasing consumption of alcohol are some of the key contributors to adult obesity. According to the 19^th annual report by the Trust for America’s Health (TFAH) on the obesity crisis, 19 U.S. states reported more than 35% growth in obesity rates in 2022, up from 16 states in 2021. Hence, the growing burden of obesity will fuel the application scope of MCT for enhanced weight management and mental function.

Medium-chain Triglycerides Market Report Attributes
Report Attribute	Details
Base Year:	2022
Medium-chain Triglycerides Market Size in 2022:	USD 1.3 Billion
Forecast Period:	2023 to 2032
Forecast Period 2023 to 2032 CAGR:	6%
2032 Value Projection:	USD 2.5 Billion
Historical Data for:	2018 to 2022
No. of Pages:	188
Tables, Charts & Figures:	191
Segments covered:	Source, Application and Region
Growth Drivers:	North America: Rising demand of weight management supplements owing to increasing incidences of obesity Europe: Increasing demand for fortified food and beverages Asia Pacific: living standard and disposable income have risen which is boosting demand for cosmetics and personal care products
Pitfalls & Challenges:	Increasing usage of mineral oils as substitutes

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Easy availability of alternative products may hamper the industry growth

The rising use of mineral oils as substitutes for MCTs and MCT products could impede the medium-chain triglycerides market analysis. Mineral oils are extensively used to manufacture cosmetics and personal care products as opposed to MCTs as they provide better strength and moisture retention properties. Additionally, unlike MCT-based oil formulations, mineral oils offer excellent lubrication properties along with suitable spreadable consistency.

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.