Medium Chain Triglycerides Market Size, Share, Growth Opportunities Available | Global Demand and Industry Scope By 2027
Reports And Data
The Medium Chain Triglycerides Market is forecast to reach USD 1.07 Billion by 2027, according to a new report by Reports and Data.
NEW YORK CITY, NEW YORK, USA, March 15, 2022 /EINPresswire.com/ -- The Medium Chain Triglycerides Market is forecast to reach USD 1.07 Billion by 2027, according to a new report by Reports and Data. Fats that are derived by processing palm kernel and coconut oils may be referred to as Medium Chain Triglycerides (MCTs). MCTs can be considered as a man-made fat. Its unique functional and metabolic properties are the result of its chemical structure that makes it a versatile ingredient in various food, flavor, and pharmaceutical applications.
An extensive analysis of the global market is included in the report which covers different factors from region-centric key statistical data to macro- and micro-economic factors that are crucial for forecast assessment. The study also offers a comprehensive analysis of the growth prospects, patents, technological advancements, and product launches in the market.
The report also provides a comprehensive analysis of the competitive landscape and studies the key competitors of the industry. The report focuses on company overview, financial standing, global market position, revenue contribution, production and manufacturing capacity, and business expansion plans. It also focuses on recent mergers and acquisitions, joint ventures, collaborations, partnerships, agreements, product launches, and brand promotions, among others. The study includes SWOT analysis and Porter’s Five Forces analysis to provide a comprehensive overview of the competitive landscape.
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Key Players:
Key participants include E.I. Dupont De Nemours and Company, BASF SE, Lonza Group Ltd, Koninklijke DSM N.V., Croda International PLC, Musim Mas Holdings, The Procter & Gamble Company, Wilmar International Limited, Acme-Hardesty Co. Inc., Sternchemie GmbH & Co Kg and Nutiva.
Further key findings from the report suggest:
• The Medium Chain Triglycerides market held a market share of USD 637.0 Million in the year 2018 that is forecasted to grow at a rate of 5.9% during the forecast period.
• In context to Source, the Palm segment is projected to witness a significant growth rate of 6.3% during the forecast period, which is expected to hold 36.0% of the market by 2027. The growth rate witnessed by the Palm segment is attributed to the fact that palm kernel oil is a rich source of the man-made fat, which comprises nearly 54.0% of MCTs along with the affordability of this source results in growing preference of this source of MCTs.
• In context to Fatty Acid Type, the Caprylic Acid segment held the largest market share of more than 30.0% in 2018, with a CAGR of 6.0% during the forecast period.
• In regards to Application, the Personal care & cosmetics segment is projected to witness the fastest growth rate of 7.4% during the forecast period, which is expected to hold, 10.5% of the market by 2027.
• In regards to the region, Europe held 35.0% of the market in 2018, with a CAGR of 6.0% during the forecast period. The market share held by the region is attributed to the expanding healthcare & pharmaceutical industry, increasing geriatric population, and continuously increasing demand for dietary & health supplement products.
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Market Segmentation:
Source Outlook (Volume, Kilo Tons; Revenue, USD Million; 2016-2027)
• Palm
• Coconut
• Others
Grade Outlook (Volume, Kilo Tons; Revenue, USD Million; 2016-2027)
• Food Grade
• Technical Grade
• Medical Grade
• Others
Fatty Acid Type Outlook (Volume, Kilo Tons; Revenue, USD Million; 2016-2027)
• Capric Acid
• Caprylic Acid
• Caproic Acid
• Lauric Acid
Form Outlook (Volume, Kilo Tons; Revenue, USD Million; 2016-2027)
• Dry
• Liquid
Application Outlook (Volume, Kilo Tons; Revenue, USD Million; 2016-2027)
• Pharmaceuticals
• Dietary & health supplements
• Personal care & cosmetics
• Others
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Regional Outlook (Volume, Kilo Tons; Revenue, USD Million; 2016-2027)
• North America
o U.S
• Europe
o U.K
o France
• Asia Pacific
o China
o India
o Japan
• MEA
• Latin America
o Brazil
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Identifying the basic business drivers, challenges, and tactics adopted:
• The report provides intrinsic details and fluctuating aspects that influence the commercial dynamics of the Medium Chain Triglycerides market along with integral factors of the rise in the demand for the product have been mapped across vital geographical regions.
• An overview of the multifarious applications, business areas and the latest trends observed in the industry has been laid out by this study.
• Various challenges overlooking the business and the numerous strategies employed by the industry players for successful marketing of the product have also been illustrated.
• The research inspects the sales channels (indirect, direct, marketing) that companies have chosen for the primary product distributors and the superior clientele of the market.
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About Reports and Data:
Reports and Data is a market research and consulting company that provides syndicated research reports, customized research reports, and consulting services. Our solutions purely focus on your purpose to locate, target and analyze consumer behavior shifts across demographics, across industries and help client’s make a smarter business decision. We offer market intelligence studies ensuring relevant and fact-based research across a multiple industries including Healthcare, Technology, Chemicals, Power and Energy. We consistently update our research offerings to ensure our clients are aware about the latest trends existent in the market. Reports and Data has a strong base of experienced analysts from varied areas of expertise.
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