Friday, 20 September 2019 05:44 GMT

Medium Chain Triglycerides Market Scale Worth $2.46 Billion By 2025: Grand View Research, Inc.

(MENAFN - GetNews) According to report published by Grand View Research,The increasing cases of obesity and growing demand of medium chain triglycerides market products in the cosmetics industry are projected to drive the demand over the forecast period. According to a report, "Medium Chain Triglycerides (MCT) Market Analysis By Application (Personal Care & Cosmetics, Pharmaceuticals, Dietary & Health Supplements), By Region, Competitive Strategies, And Segment Forecasts, 2018 - 2025",published by Grand View Research, Inc.,The global medium chain triglycerides market is expected to reach USD 2.46 billion by 2025.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.

Key Takeaways from the report:

  • 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.

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

    Browse More Reports inRenewable Chemicals Industry:

    Bio-Succinic Acid Market: BDO was the largest application market for bio-succinic acid, with estimated volume of 19,877.5 tons in 2013, expected to grow at an estimated CAGR of 38.3% from 2014 to 2020

    Furfural Market: Industry shift towards minimizing dependence on conventional petrochemicals on account of growing environmental concerns and volatile prices is expected to remain a key driving factor for the global furfural market.

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

    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.

    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

    Explore the BI enabled intuitive market research database, Navigate with Grand View Compass , by Grand View Research, Inc.

    About Grand View Research
    Grand View Research provides syndicated as well as customized research reports and consulting services on 46 industries across 25 major countries worldwide. This U.S.-based market research and consulting company is registered in California and headquartered in San Francisco. Comprising over 425 analysts and consultants, the company adds 1200+ market research reports to its extensive database each year. Supported by an interactive market intelligence platform, the team at Grand View Research guides Fortune 500 companies and prominent academic institutes in comprehending the global and regional business environment and carefully identifying future opportunities.
    For more information:

    Media Contact
    Company Name: Grand View Research, Inc.
    Contact Person: Sherry James, Corporate Sales Specialist - U.S.A.
    Email: Send Email
    Phone: 1-415-349-0058, Toll Free: 1-888-202-9519
    Address:201, Spear Street, 1100
    City: San Francisco
    State: California
    Country: Switzerland


    Medium Chain Triglycerides Market Scale Worth $2.46 Billion By 2025: Grand View Research, Inc.

      Most popular stories  

    Day | Week | Month