Medium Chain Triglycerides Market by Application and Geography – Global Industry Analysis, Growth, Share, Size, Trends, and Forecast 2019 – 2026
The Global Medium Chain Triglycerides (MCT) Market was valued at USD 612.8. Million in 2017. The market is set to exhibit a CAGR of 6.4% over the forecast period 2020-2026, owing to factors such as rising health concerns, increasing consumption of fast food or junk food coupled with its applications as an antibacterial, antiviral or antifungal medicine.
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Medium chain triglycerides (MCTs) overpower their counterparts such that they are bland in comparison with them and don’t give rise to dissonant tastes (off-notes) as quickly as LCTs. They are also reported to be much more polar than the latter. Medium chain triglycerides are broadly used as solvents for the flavors and as vitamins and oral medicines.
The latest trend in the healthcare industry is implementation of ketogenic dieting. This dieting makes use of MCTs inevitable. MCTs have fatty acids’ shorter chain length. Therefore, they could be rapidly broken down; thereby getting absorbed in the body with immediate effect. Long-chain fatty acids take time to enter the digestive system. As against that, MCTs enter the liver on direct basis (liver breaks down MCTs into ketones).
Medium Chain Triglycerides (MCT) Market Trends, Drivers and Opportunities:
Asia Pacific is expected to grow at the fastest pace; thanks to rising awareness among the youth regarding healthcare and the same youth going crazy over personal care products. LATAM is the new market catching up; especially because Brazil is working to make its mark in the world of personal care. MEA will also be seen growing in the upcoming period. This could be credited to migration of Asians to places like Dubai and Oman.
The foods that have been reported to be the richest source of MCTs are as follows:
Dairy Products: 10-12%
Palm Kernel Oil: More than 50%
Coconut Oil: More than 60%
This is another reason for Asia Pacific to hold the hopes high in future. This economy is likely to emerge as the highest exporter of Medium chain triglycerides in the next 5-7 years as India is amongst the largest producers of coconut oil and dairy products. “Fractionation” is the process of isolating MCTs from palm kernel oil or coconut oil. Usually a word of caution is spread against the manufacturers who do market “MCTs oils” as “liquid coconut oil”. This is utterly misleading.