Global Medium Chain Triglycerides Market to Experience Noteworthy Growth with Increased Demand from the Pharmaceutical and Cosmetics Sectors

In today's fast-paced world, where individuals live hectic lifestyles, it is critical to consume healthy fats in moderation to preserve excellent health. Hence, diet plays an essential part in our general health and well-being. This is where the medium chain triglycerides (MCT) solution comes in.

The medium chain triglycerides market is expanding and is predicted to expand significantly in the coming years. Medium chain triglycerides (MCTs) are a type of lipid that can be oxidized and absorbed more quickly than other lipids. MCTs are more easily absorbed into the bloodstream from the digestive tract than the majority of lipid molecules, that require a laborious digestion process. MCTs occur naturally in dairy products and entire meals, but they are also synthesized for their benefit as a healthy dietary fat.

Recent Trends in the Medium Chain Triglycerides Market

MCTs are becoming more common as a component in sports nutrition and weight management solutions. MCTs are believed to boost energy levels, aid weight loss, and help athletes perform better. In addition, to lose weight and enhance health, many people are turning to the high-fat, low-carb ketogenic diet. MCTs are a crucial component of the diet because they are quickly turned into ketones, which the body uses as energy.

As per a report by Research Dive, the global medium chain triglycerides market is expected to grow at a CAGR of 6.6% and generate a revenue of $2,959.9 million by 2031. The primary factors driving the growth of the market are the growing use of MCTs as a fat alternative in diets and the increased demand for natural and nutritious dietary ingredients. However, the accessibility of other substitutes, such as mineral oils for cosmetic uses, is expected to hinder the market growth.

The medium chain triglycerides market in North America is expected to remain dominant in the coming years. The region's high revenue in 2021 was driven by millennials' growing desire for cosmetics, beauty items, and dietary supplements because of their hectic schedules, high per capita incomes, and rising health consciousness. Manufacturers are reacting by providing MCTs produced from organic palm kernels, coconuts, and other natural sources.

How are Market Players Responding to the Rising Demand for Medium Chain Triglycerides?

Market players are responding to the rising demand for medium chain triglycerides by investing in research and development to create new sources and formulations of MCTs. They are also increasing their MCT production capacity to satisfy rising demand. This includes expanding manufacturing facilities and investing in new technology to improve production efficiency and quality.

In addition, market players are increasingly focusing on strategic partnerships and collaborations with other players in the industry to leverage their strengths and expand their reach. Some of the foremost players in the medium chain triglycerides market are DuPont, BASF SE, Lonza Group Ltd., P&G Chemicals, Croda International Plc, Koninklijke DSM N.V., Wilmar International Ltd., Stepan Company, Sternchemie GmbH & Co. KG, Emery Oleochemicals, and others. These players are focused on implementing strategies such as mergers and acquisitions, novel developments, collaborations, and partnerships to reach a leading position in the global market.  

For instance:

• In October 2018, Stepan Company’s Lipid Nutrition business, a pioneer in the development and distribution of scientifically researched, natural branded ingredients that are employed in nutritious products, announced NEOBEE® ProKetoTM at SupplySide West in Las Vegas, Nevada, at Booth #3333, a low-carb micro-encapsulated C8 MCT oil on a pea protein support.
   
• In February 2021, Xoma, a biotech firm with the objective of enhancing human health, in collaboration with Nexe Innovations, a frontrunner in the advancement of plant-based materials design & manufacturing, launched a totally biodegradable micro-ground soluble coffee with organic medium chain triglycerides.
   
• In April 2021, Strenchemie, an expert in food lipids and lecithin, produced MCT oil made from coconut that delivered the same benefits as MCT oil made from palm. MCT oil derived from palm is an alternative.

COVID-19 Impact on the Global Medium Chain Triglycerides Market

The COVID-19 pandemic made a moderate impact on the global medium chain triglycerides market. The global dietary supplement, personal care, and food and beverage industries were all impacted during the first two quarters of 2020. The implementation of lockdowns, travel restrictions, quarantine, social isolation, and supply chain interruptions significantly impacted the growth of medium chain triglycerides market. However, in the post-pandemic period, the market significantly recovered and is expected to grow even more. Increased health awareness is linked to COVID-19, which encouraged customers to purchase more private-label products. After the outbreak, there was a greater focus on health, and as a result, people are looking at healthier food options. Hence, all these factors are expected to boost the medium chain triglycerides market growth in the coming years.