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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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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challenges - Download a Sample Report
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.
For more information on market segmentation with geographical
analysis including forecast (2024-2028) and historic data (2018 -
2022) - Download a Sample Report
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
-
- 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
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