Covid-19 Impact on Medium Chain Triglycerides Market Analysis | Global Industry Report 2027

January 2021 | Report Format: Electronic (PDF)

Report Overview

The global medium chain triglycerides market size was valued at USD 1.7 billion in 2019 and is expected to grow at a compound annual growth rate (CAGR) of 6.8% from 2020 to 2027. Improved standard of living coupled with the adoption of a healthy lifestyle by consumers is expected to drive medium chain triglycerides (MCT) based dietary and health supplements consumption over the forecast period.

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MCTs are partially derived fats with 6–10 carbon chain length. MCTs include caproic acid, caprylic acid, capric acid, and lauric acid. The product is generally derived from vegetable oils including coconut, palm kernel, rapeseed, sunflower, and soybean. Coconut oil is considered to be the primary source of MCT extraction. The palm kernel oil is favored as raw material after coconut oil, making up nearly 34.0% of MCT production.

Coconut oil infused products are marketed as MCT infused products by several small-scale players operating in the market. This is expected to hamper market growth as consumers may get mystified over the difference between medium chain triglycerides and coconut oil and consider them to be similar. However, the basic difference between the two is that coconut oil contains MCTs as well as other fats while specific MCTs are extracted from coconut oil.

Commercially MCTs are manufactured through fractionation process, which separates capric and caprylic acid from the other fats present in the vegetable oils. The extracted product is then further processed using lipase esterification to produce triglycerides. After a series of quality checks, the final product is distributed as finished product for consumption.

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Key Companies & Market Share Insights

Most of the players are backward integrated and are focused on sustainable raw material sourcing thereby reducing the manufacturing cost. Market players such as BASF SE, P&G, and Cargill, Incorporated have entered into a partnership commissioned by the German Federal Ministry for Economic Cooperation and Development (BMZ) to establish a sustainable supply chain of coconut oil in Philippines and Indonesia. Some of the prominent players in the medium chain triglycerides market include:

  • DSM
  • Croda International Plc.
  • Sternchemie Lipid Technology
  • Wilmar International Limited

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