Medium Chain Triglyceride (MCT) Oil Market Size Is Set To Grow By USD 448.1 Million From 2024-2028, Growing Demand For Supplements As Preventive Measures To Boost The Market Growth, Technavio


(MENAFN- PR Newswire) NEW YORK, July 10, 2024 /PRNewswire/ -- The global medium chain triglyceride (MCT) oil market is projected to grow significantly, with a forecasted increase of USD 448.1 million from 2024 to 2028, driven by a CAGR of over 8.09%. The market's expansion is fueled by rising demand for preventive health supplements and frequent new product launches. However, challenges like consumer confidence issues may hinder growth. Among key players like Barleans Organic Oils LLC and BASF SE, regions such as Asia Pacific are expected to witness the highest growth, supported by increasing consumer awareness and dietary supplement usage.

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Medium Chain Triglyceride (MCT) Oil Market Size Is Set To Grow By USD 448.1 Million From 2024-2028, Growing Demand For Supplements As Preventive Measures To Boost The Market Growth, Technavio Image

Technavio has announced its latest market research report titled Global medium chain triglyceride (MCT) oil market 2024-2028

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Forecast period

2024-2028

Base Year

2023

Historic Data

2018 - 2022

Segment Covered

Application (Supplements, Pharmaceuticals, and Others), Source (Palm, Coconut, and Others), and Geography (North America, APAC, Europe, South America, and Middle East and Africa)

Region Covered

North America, APAC, Europe, South America, and Middle East and Africa

Key companies profiled

Barleans Organic Oils LLC, BASF SE, C60 LABS, Crestchem Ltd., Croda International Plc, Henry Lamotte Oils GmbH, IOI Corp. Berhad, Jarrow Formulas Inc., Kuala Lumpur Kepong Berhad, LifeSense International LLC, Lonza Group Ltd., Metagenics LLC, NOW Health Group Inc., Nutiva Inc., Nutricia Ireland Ltd., Oleon NV, Performance Lab Ltd., Stepan Co., Sternchemie GmbH and Co. KG, and Wilmar International Ltd.

Key Market Trends Fueling Growth

The MCT oil market is witnessing a significant trend with an increase in new product launches by key players. These new offerings cater to consumer demands and contribute to market growth. For instance, in January 2021, NEXE Innovations Inc. Introduced XOMA Superfoods, a soluble micro-ground coffee fortified with MCT oil, packaged in NEXE Pods. Frequent product launches help companies maintain market position and differentiate themselves from competitors. This innovation attracts new customers and retains existing ones, driving demand for MCT oil and boosting the growth of the global market during the forecast period.

Title: Booming Trends in MCT Oil Market: Capric and Lauric Acids Shine MCT Oil, a type of edible oil, is gaining popularity in various industries due to its unique properties. This oil, derived from coconut and other sources, is rich in Capric and Lauric acids. In the Food & Beverage sector, MCT oil is used as a food emulsifier in nutritional bars, energy foods, and cold beverages. Its distinct flavors make it an excellent addition to these products. The market for MCT oil is projected to grow significantly with the rising demand for energy foods and immunity-boosting products. The Cosmetics industry also benefits from MCT oil. It is used in creams, lotions, gels, ointments, foams, fragrances, and other cosmetic products. The organic beauty market is a major consumer of MCT oil due to its antimicrobial properties, which help fight harmful viruses, bacteria, parasites, and fungi. The Global MCT Oil Market size was valued at USD 1.2 billion in 2020 and is expected to expand at a CAGR of 6.2% from 2021 to 2028. Key players in the market include IOI Corporation, Natural Sourcing, and Oilseed Processed. Ecommerce platforms and FAOSTAT data indicate a growing trend in the demand for MCT oil. MCT oil is also used in industries like Dairy, Sports Drinks, and Weight-loss supplements. As consumers seek healthier alternatives to mineral oils, MCT oil is becoming a preferred choice. Innovations in packaging and ingredient sourcing are expected to further fuel the market growth. In conclusion, the MCT oil market is witnessing a surge in demand due to its versatile applications in various industries. With its unique properties and health benefits, MCT oil is set to become a staple ingredient in food, beverages, and cosmetics.

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Market
Challenges

  • MCT oil, a type of dietary supplement, is derived from medium-chain triglycerides. It is commonly marketed for weight loss purposes. However, the weight loss supplement industry has faced negative publicity due to potential health risks and interactions with medications. Harmful side effects of weight loss supplements, including MCT oil, may include increased heart rate, high blood pressure, diarrhea, agitation, kidney problems, insomnia, liver damage, and rectal bleeding. Interactions with prescription and over-the-counter medications can also be dangerous. For instance, caffeine's effects may be intensified when taken with other stimulants, while chitosan may increase warfarin's blood-thinning effects. Many weight loss supplements contain untested ingredients and their combined effects are often unknown. The Food and Drug Administration (FDA) does not typically evaluate or approve weight loss supplements before market entry. Consumer reports of harm or side effects trigger regulatory action. The growing negative publicity surrounding weight loss supplements, including MCT oil, may negatively impact consumer confidence and hinder the growth of the MCT oil market.
  • Title: Navigating the
    MCT Oil Market: Overcoming Challenges in Coconut, Palm, and Dairy Industries MCT oil, derived from medium-chain triglycerides (MCTs), is gaining popularity in various industries, including food, health, and cosmetics. However, the market faces challenges from traditional sources like coconut and palm oil, dairy products, and mineral oils. Coconut and palm oil industries, major MCT sources, face production volatility due to weather conditions and market prices. Dairy products and energy bars use MCTs as additives, but their market size pales in comparison to MCT oil. MCT oil's competition includes mineral oils and MCTs in sports drinks, weight-loss supplements, and infant formula. FAOSTAT data shows the organic beauty market's growth, creating opportunities for MCT oil. Major players like IOI Corporation and Natural Sourcing dominate the market, but oilseed processed companies like Shea butter and milk fats also enter the scene. MCTs' applications in weight management, sports nutrition, and caprylic, capric, and lauric triglycerides expand the market. However, challenges persist: lockdowns affect restaurant industries, and MCT oil production involves water, alcohol, and methylene oxide. Consumer price sensitivity and the Council for Responsible Nutrition's regulations also impact the market. In summary, the MCT oil market faces challenges from traditional sources, competition, and production methods. Yet, its potential applications in various industries and health benefits make it a promising investment.

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Segment Overview

This medium chain triglyceride (MCT) oil market report extensively covers market segmentation by

  • Application
    • 1.1 Supplements
    • 1.2 Pharmaceuticals
    • 1.3 Others
  • Source
    • 2.1 Palm
    • 2.2 Coconut
    • 2.3 Others
  • Geography
    • 3.1 North America
    • 3.2 APAC
    • 3.3 Europe
    • 3.4 South America
    • 3.5 Middle East and Africa

    1.1 Supplements-
    The Medium Chain Triglyceride (MCT) Oil market is experiencing steady growth due to its health benefits. MCT Oil is derived from coconut or palm kernel oil and is easily digestible. It provides a quick source of energy to the body and is often used as a dietary supplement for weight loss and improved athletic performance. Companies are investing in research and development to produce MCT Oil in various forms such as capsules, powders, and oils. The market is expected to continue growing due to increasing consumer awareness and demand for healthier food options.

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    Research Analysis

    Medium Chain Triglyceride (MCT) oil is a type of edible oil derived from coconut and palm kernel oil. MCTs are unique because they contain medium-length fatty acids that are easily absorbed and metabolized by the body. Unlike long-chain triglycerides found in foods like dairy products, MCTs do not require bile or pancreatic enzymes for digestion. MCT oil has gained popularity in various industries due to its health benefits. In the food industry, it is used in energy bars, sports drinks, and weight-loss supplements for providing quick energy to athletes and bodybuilders. In the cosmetic industry, it is used in organic beauty products for its moisturizing and anti-aging properties. FAOSTAT reports that the production of MCT oil has been increasing steadily due to its growing demand in various industries. The oil is produced from coconut and palm kernel oil through a process involving water, alcohol, or methylene chloride. The organic MCT oil market is expected to grow significantly due to its health benefits and increasing demand in the health and wellness industry. MCT oil is also used as a substitute for mineral oil in some applications due to its health benefits. It is believed to help in healthy weight management by increasing metabolism and helping the body burn stored body fat. It is also used in dietary supplements for people with digestive issues, as it does not require bile or pancreatic enzymes for digestion. Coconut oil and palm kernel oil are the primary sources of MCTs. Other sources include shea butter and dairy products, but they contain only small amounts of MCTs compared to coconut and palm kernel oil. The production process involves extracting the oil and then separating the MCTs from the long-chain triglycerides using various methods. The resulting MCT oil is clear and odorless and can be used in various applications.

    Market Research Overview

    Table of Contents:

    1 Executive Summary
    2 Market Landscape
    3 Market Sizing
    4 Historic Market Size
    5 Five Forces Analysis
    6 Market Segmentation

    • Application
      • Supplements
      • Pharmaceuticals
      • Others
    • Source
      • Palm
      • Coconut
      • Others
    • Geography
      • North America
      • APAC
      • Europe
      • South America
      • Middle East And Africa

    7 Customer Landscape
    8 Geographic Landscape
    9 Drivers, Challenges, and Trends
    10 Company Landscape
    11 Company Analysis
    12 Appendix

    About Technavio

    Technavio is a leading global technology research and advisory company. Their research and analysis focuses on emerging market trends and provides actionable insights to help businesses identify market opportunities and develop effective strategies to optimize their market positions.

    With over 500 specialized analysts, Technavio's report library consists of more than 17,000 reports and counting, covering 800 technologies, spanning across 50 countries. Their client base consists of enterprises of all sizes, including more than 100 Fortune 500 companies. This growing client base relies on Technavio's comprehensive coverage, extensive research, and actionable market insights to identify opportunities in existing and potential markets and assess their competitive positions within changing market scenarios.

    Contacts

    Technavio Research
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    Media & Marketing Executive
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