Market
Overview:
Medium chain triglycerides are used in a wide range
of applications such as dietary nutrition, cosmetic & personal care, infant
nutrition, sports drinks, and others. The rising growth of the cosmetic and
personal care and pharmaceutical industry across the globe is substantially
contributing to the growth of the medium chain triglyceride market. The growing
awareness about the health benefits of medium chain triglyceride along with the
growing usage of the product by athletes owing to its excellent fat burning
abilities is expected to surge the market demand.
Market Segmentation
The global medium chain triglycerides market is segmented into the
source, form, fatty acid type, and application. On the basis of the source, the
market is segregated into coconut, palm, and others. The market by form is
bifurcated into dry form and liquid form. On the basis of the fatty acid type,
the global market can be segregated into caprylic acid, capric acid, lauric acid,
and caproic acid. On the basis of the application, the market is further
segmented into dietary supplements, cosmetic & personal care,
pharmaceuticals, sports drinks, infant nutrition, and others.
Market Scenario Among
the various applications of the medium chain triglyceride, the dietary
supplement segment was the largest segment in 2016 and is expected to show the
same trend during the forecast years. The health benefits of medium chain
triglyceride, such as reducing hormonal imbalances, weight gain, gut problems,
and cognitive disorders among others, are positively affecting the growth of
the segment.
The global medium chain triglyceride market is
spanned across five key regions:, Europe, Asia Pacific, North America Latin
America, and the Middle East & Africa. Among these, Asia Pacific is
expected grow at an expanding CAGR during the forecast period.. The grwoing
development of the cosmetic & personal care industry along with the
pharmaceutical industry is anticipated to fuel the demand for medium chain
triglyceride in the region. Moreover, the rising instances of malnutrition in
Asia Pacific region are projected to further fuel the market growth during the
review period.
The European region is estimated to witness
steady growth owing to growing consumption of medium chain triglyceride
from the cosmetic and personal care industry. Moreover, the growing
usage of medium chain triglyceride as fat burners by atheletes is another major
factor positively effecting the market growth.The North American medium chain
triglyceride market is mainly driven by the U.S. and Canada. The presence of
the developed end-user industries coupled with the increasing adoption rate is
contributing significantly to the growth of the market. Moreover, the growing
prevalence of obesity and other lifestyle diseases are expected to propel the
growth of the market.
Competitive Analysis
Sternchemie GmbH & Co KG, Emery
Oleochemicals, KLK Oleo,
BASF SE, DuPont,
Wilmar International Ltd, Stepan
Company, Sternchemie Lipid Technology ,
Jarrow Formulas, ABITEC
Access Report Details @ https://www.marketresearchfuture.com/reports/medium-chain-triglycerides-market-5677
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