Global Caprylic/Capric Triglycerides (MCT Oil) Market by Applications, Types, Functions, and Regions — Global Industry Analysis, Growth, Share, Size, Trends, and Forecast 2020–2026

The caprylic/capric triglycerides (MCT oil) market is expected to reach around USD 913.4 million by 2026, expanding at a considerable CAGR during the forecast period, between 2020 and 2026. The growth of the market is attributed to surging demand for soaps, creams, and moisturizers. Additionally, factors such as smooth texture and oxidizing effect of caprylic/capric triglycerides are propelling the growth of the market. However, MCT oil contains potential distress which can create problems in the long run which is one of the primary factors hindering the growth of the market.

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Caprylic/capric triglyceride, also known as MCT oil or Medium Chain Triglycerides, is not a type of oil, but it is an ester which consists of caprylic and capric medium chain triglycerides present in the coconut oil. It is manufactured through the esterification process of coconut oil with glycerol. It is most widely used across the globe in the cosmetics, beauty, and personal care industries due to its properties of smooth texture and oxidative stability. MCT oil is a colorless, clear, and odorless liquid which dispenses rapidly at room temperature in comparison to coconut oil which remains solid at the same temperature.

Caprylic/capric acid is typically the name of octanoic acid which is eight-carbon saturated fatty acid. MCT oil is an oily liquid and is partly soluble in water with a rancid-like taste and smell. The naturally formed milk of mammals and minor part of palm oil and coconut oil produces its compounds.

Market Trends, Drivers, Restraints, and Opportunities:

Increasing usage of skin protector chemicals majorly in the personal care and beauty industry due to properties such as compatibility with all skin types and outstanding skin smoothing is one of the primary factors driving the growth of the market.
Surging usage of MCT oil as an ingredient in the food & beverages industry is one of the factors propelling the growth of the market.
Rising demand of caprylic/capric triglycerides as energy booster in medicinal foods and endurance sports is fueling the growth of the market.
Boosting usage of the oil in pharmaceutical industry as a suspension medium or carrier for oil soluble drugs and antibiotics is increasing the growth of the market.
Increasing effect of jitters in the bodies of several people which is similar to that of over consumption of caffeine is one of the major factors restraining the growth of the global caprylic/capric triglycerides (MCT oil)
Reducing usage of the oil by coconut oil allergic people and inclusion of potential gastric distress are also the factors hampering the growth of the market.

Competitive Landscape:

Major companies in the global caprylic/capric triglycerides (MCT oil) market include ERG + SCHMIDT GmbH & CO., Croda International plc, Ecogreen Oleochemicals, IOI Oleo GmbH, KLK Oleo, Oleon NV, Oxiteno, Peter Cremer North America, Revada Group of Companies, and Univar. The companies are using strategic acquisitions such as expansions, capital investments, R&D activities, technological advancements, innovative product launches, product portfolio, collaborations, mergers & acquisitions, and strategic partnerships.

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The Global Caprylic/Capric Triglycerides (MCT oil) Market has been segmented on the basis of

Applications

Detergent
Cosmetic
Hair Care
Personal Care
Pharmaceuticals
Industrial

Types

Coconut Oil
Palm Oil

Functions

Solvents
Spreading Agents
Dispersing Agents
Solubilizers
Others

Regions

Asia Pacific
Europe
North America
Middle East & Africa
Latin America

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Table of Contents

Executive Summary
Assumptions and Acronyms Used
Research Methodology
Caprylic/Capric Triglycerides (MCT Oil) Market Overview
Global Caprylic/Capric Triglycerides (MCT Oil) Market Analysis and Forecast by Type
Global Caprylic/Capric Triglycerides (MCT Oil) Market Analysis and Forecast by Application
Global Caprylic/Capric Triglycerides (MCT Oil) Market Analysis and Forecast by Sales Channel
Global Caprylic/Capric Triglycerides (MCT Oil) Market Analysis and Forecast by Region
North America Caprylic/Capric Triglycerides (MCT Oil) Market Analysis and Forecast
Latin America Caprylic/Capric Triglycerides (MCT Oil) Market Analysis and Forecast
Europe Caprylic/Capric Triglycerides (MCT Oil) Market Analysis and Forecast
Asia Pacific Caprylic/Capric Triglycerides (MCT Oil) Market Analysis and Forecast
Middle East & Africa Caprylic/Capric Triglycerides (MCT Oil) Market Analysis and Forecast
Competition Landscape

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