Medium Chain Triglycerides (MCT) Market Report

Medium Chain Triglycerides (MCT) Market Analysis By Application (Personal Care & Cosmetics, Pharmaceuticals, Dietary & Health Supplements), By Region, Competitive Strategies, And Segment Forecasts, 2014 - 2025

Published: July 2017  |  71 Pages  |  Format: PDF  |  Report ID: GVR-1-68038-954-8

Industry Insights

The global medium chain triglycerides (MCT) market size was 271.0 kilo tons in 2016. The increasing cases of obesity due to unhealthy lifestyle and stress has projected the product demand to increase over the upcoming years. 

The global market is expected to witness a growth owing to its use as an excipient which acts as a carrier or suspension medium for oil soluble antibiotics and drugs. Its applications as an antibacterial, antiviral or antifungal medicine and its ability to decrease cardiovascular disease and mortality risk are expected to drive the market growth.

U.S. MCT market revenue by application, 2014 - 2025 (Million)

U.S. MCT Market

North America dominated the global industry due to its increasing applications in the surfactants, food additive, personal care, and detergents sector mainly from the U.S along with rising stringent regulations in the region.

It is also used as emollients and high-quality carriers in the manufacturing of cosmetics that are certified in accordance to set standards by Natural and Organic Ecocert. The demand for potential anti-aging properties of medium-chain triglycerides coupled with its property of thermogenesis has led to high demand in the cosmetics and dietary supplements industry.

Coconut has dominated as the primary medium chain triglycerides source over the past few years. The palm kernel oil (PKO) is also used as an important raw material source, and it accounts for almost 34% of MCT oil production.

Application Insights

Dietary and health supplements emerged as the leading application segment and accounted for over 59% of the total revenue in 2016. The MCT oil is being increasingly used to improve digestion, nutrient absorption, metabolism and also to provide energy and burn fat. It also supports in managing weight effectively where it can be incorporated as a part of healthy weight management. 

Medium chain triglycerides are included in beverages, nutritional bars and in energy foods. It helps in enhancing the properties of hot and cold beverages and also used as food emulsifiers, and to create distinct flavors to innovate the food products is expected to gain prominence in this niche segment.

Global MCT market revenue share by application, 2016 (%)

Global MCT Market

The industry has witnessed a rising consumer expenditure in nutraceuticals and pharmaceuticals sector coupled with various health benefits of using MCT in the prevention of cardiovascular disorders and improving metabolism in the body. Moreover, the increasing consumption of cosmetic products such as creams, ointments, foams, lotions and its applications in fragrances and flavorings due to their low natural odor bland taste has positively influenced the market growth.

Regional Insights

The North America was the largest consumer and it is estimated to generate revenue worth of USD 752.3 million by 2025 at a CAGR of 5.8% over the forecast period. The industry is well-established in this region owing to its increasing applications in the surfactants, food additive, personal care and detergents sector, particularly in the U.S. and Mexico. 

Asia Pacific is projected to experience the fastest growth both in terms of volume and revenue over the next decade. The MCT demand in the region is estimated to reach over 120 kilo tons by 2025. The growth of product is attributed to escalating demand in the personal care and dietary supplements market in the region. High average obesity rate in the area is anticipated to further steer product use as a supplement for losing weight naturally. 

The European market is anticipated to grow at a CAGR of 5.2% from 2016 to 2025 in terms of volume over the forecast period. Significant product demand in the health supplements and personal care applications especially in the mature economies including the UK, Germany, France, Italy, and Spain. In Germany, pharmaceuticals were the largest application market and are likely to increase at a progressive rate, which will raise the MCT demand in the region.

Competitive Insights

The key players in the market are resorting to working intensively with their raw material sources to build a sustainable supply chain for certified palm oil and palm kernel oil. Mergers, acquisitions and joint venture are expected to be some of the major strategies adopted by the companies to attain higher penetration into the local markets. 

The companies adopt different product positioning and marketing strategies to increase market share. This will help the companies to establish their regional presence. Integration throughout the value chain provides the companies achieve economies of scale & higher profit margin to ensure the sustainability of their products in the industry. Some of the key players operating in the global medium chain triglycerides market comprise BASF, Stepan Company, Nutricia, Jarrow Formulas, Barlean's, NOW Foods, Wilmar International Limited, Lonza, and KLK OLEO.

Report Scope

Attribute

Details

Base year for estimation

2016

Actual estimates/Historical data

2014 - 2016

Forecast period

2017 - 2025

Market representation

Volume in Kilotons, Revenue in USD Million and CAGR from 2017 to 2025

Regional scope

North America, Europe, Asia Pacific, Central & South America & MEA

Country scope

U.S., Germany, UK, China, India, Brazil

Report coverage

Revenue forecast, company share, competitive landscape, growth factors and trends

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Segments covered in the report

This report forecasts revenue growth at global, regional & country levels and provides an analysis on the industry trends in each of the sub-segments from 2014 to 2025. For the purpose of this study, Grand View Research has segmented the global medium chain triglycerides market on the basis of application and region:

  • Application Outlook (Volume, Kilotons; Revenue, USD Million, 2014 - 2025)

    • Personal care & Cosmetics

    • Pharmaceuticals

    • Dietary & Health Supplements

    • Others

  • Regional Outlook (Volume, Kilotons; Revenue, USD Million, 2014 - 2025)

    • North America

      • U.S

    • Europe

      • Germany

      • UK

    • Asia Pacific

      • China

      • India

    • Middle East and Africa

    • Central & South America

      • Brazil

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