Medium Chain Triglycerides (MCT) Market Is Expected To Reach $2.46 Billion By 2025: Grand View Research, Inc.
The
global medium chain triglycerides market is
expected to reach USD 2.46 billion by 2025, according to a new report by Grand
View Research, Inc. The increasing cases of obesity and growing demand of MCT
products in the cosmetics industry are projected to drive the demand over the
forecast period.
The
global industry 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 MCT market.
Dietary
and health supplements segment accounted for 59% of total demand in 2016 and is
anticipated to gain share over the forecast period. The growing popularity of
MCT oil among health-conscious population owing to its properties like
improving metabolism, fat burning and providing energy is expected to steer the
global market.
Browse
Full Research Report By Grand View Research:
Further
key findings from the study suggest:
· The
global medium chain triglycerides demand was 271 kilo tons in 2016 and is
estimated to grow at a CAGR of 6.1% to reach a total volume exceeding 430.0
kilo tons by 2025
· The
personal care segment accounted for over 8% of the total demand in 2016 and is
anticipated to grow at a CAGR of 5.6% from 2016 to 2025
·
The pharmaceuticals segment in the U.S. was valued over USD 94.2
million in 2016 and is accounted for over 27% of the total revenue in the
country
· North
America emerged as the largest consumer and is estimated to raise the demand
for MCT to over 155 Kilo tons by 2025
· Asia
Pacific is the fastest growing market and is projected to account for over 20%
of the total revenue by 2025
· Europe
is anticipated to occupy a volume share of over 15% by 2025 at a CAGR of 4.4%
over the next eight years
· The
Brazil medium chain triglycerides market generated revenue worth of USD 127
million in 2016 and is anticipated to grow at a CAGR of 7.1% by 2025
· Owing
to the growing demand for specific and multifunctional products the industry
players have been forced to focus towards consumer specific product positioning
strategies for higher penetration in the local markets
·
Key industry participants include BASF, Wilmar International Ltd, Stepan
Company, Sternchemie Lipid Technology, Jarrow formulas, Lonza, KLK Oleo, etc.
Browse more reports of this
category by Grand View Research:
Grand
View Research has segmented the global medium chain triglycerides market on the
basis of application and region:
MCT Application Outlook
(Volume, Kilotons; Revenue, USD Million, 2014 - 2025)
- Personal care
- Pharmaceuticals
- Dietary and healthcare supplements
- Others
MCT 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
Access press release by Grand View Research :
About Grand View Research
Grand View Research,
Inc. is a U.S. based market research and consulting company, registered in the
State of California and headquartered in San Francisco. The company provides
syndicated research reports, customized research reports, and consulting
services. To help clients make informed business decisions, we offer market
intelligence studies ensuring relevant and fact-based research across a range
of industries, from technology to chemicals, materials and healthcare.
For more information: http://www.grandviewresearch.com
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