Medium-chain Triglycerides Market

Market Leader - Medium-chain Triglycerides Market

The global medium-chain triglycerides market is projected to reach USD 809.3 Million by 2022, growing at a CAGR of 6.1% from 2017. The medium-chain triglycerides market, in terms of volume, is projected to reach 160.4 KT by 2022, at a CAGR of 4.9% from 2017. Medium-chain triglycerides help increase the body’s ability to burn fats and calories faster. Due to these benefits, these triglycerides are gaining popularity among athletes and bodybuilders to enhance their performance.

The existing manufacturers are facing increasing production costs due to factors such as rising raw material prices. The region has many manufacturers, providing customized services such as additive formulation mix with respect to the type of fatty acids or the sources used.

The key players in this market have been developing a range of innovative products to target specific consumer needs. Thus, the usage of medium-chain triglycerides has gained more global importance and acceptance among customers. Key participants in the medium-chain triglycerides market include Sternchemie GmbH & Co KG (Germany), Emery Oleochemicals LLC (U.S.), KLK Oleo (Malaysia), BASF SE (Germany), E. I. du Pont de Nemours and Company (Germany), Musim Mas Holdings Pte. Ltd. (Singapore), and Lonza Group Ltd. (Switzerland). These players have been implementing different strategies to achieve growth and development in the global medium-chain triglycerides market.

Companies have been expanding their global presence through growth strategies such as expansions and mergers & acquisitions, thus boosting their technological and operational capabilities in the market. Musim Mas Holdings (Singapore) and BASF SE (Germany) BASF relies on its strong R&D and financial capabilities for the development of new products to cater to the requirements of the modern food industry, with a strong geographical reach.

The key market players in the European medium-chain triglycerides market include Sternchemie GmbH & Co KG (Germany) and Wilmar International Limited (Singapore). In the recent past, there have not been organic or inorganic attempts to grow within the medium-chain triglycerides market by Sternchemie GmbH. Wilmar International focuses on catering to not just the MCTs market, but the overall food ingredients industry. The company has strong operational and financial capabilities and focuses on growing within the MCT market. Sternchemie GmbH & Co KG (Germany), in 2013, launched RSPO (Rountable on sustainable Palm Oil), which finds application in the cosmetic, food, and pharmaceutical industries. Wilmar International, on the other hand, entered into a joint venture with Bunge Limited (U.S.) to leverage both the companies’ presence in Asia in 2016.

Related Reports:

Medium-chain Triglycerides Market by Fatty Acid Type (Caproic, Caprylic, Capric, and Lauric), Application (Nutritional Diet, Infant Formula, Sport Drinks, Pharmaceuticals, and Personal Care), Form, Source, and Region - Global Forecast to 2022

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Report Code
FB 5291
Published ON
May, 2017
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