Medium-chain Triglycerides (Lauric Acid, Caprylic Acid, Caproic Acid And Capric Acid) Market For Food, Medical And Other Applications: Global Industry Perspective, Comprehensive Analysis, Size, Share, Growth, Segment, Trends and Forecast, 2014 – 2020
Deerfield Beach, FL -- (SBWIRE) -- 11/14/2016 -- Zion Research has published a new report titled "Medium-chain Triglycerides (Lauric Acid, Caprylic Acid, Caproic Acid And Capric Acid) Market For Food, Medical And Other Applications: Global Industry Perspective, Comprehensive Analysis And Forecast, 2014 - 2020". According to the report, the global medium-chain triglycerides market was valued at approximately USD 750.0 million in 2014 and is expected to reach approximately USD 1,250.0 million by 2020, growing at a CAGR of around 6.5% between 2015 and 2020. In terms of volume, global medium-chain triglycerides market stood at around 550 kilo tons in 2014.Medium-chain Triglycerides (MCTs) are made up of medium-chain fatty acids fatty acids with a carbon chain. MCTs are generally made by processing coconut and palm oils in the laboratory. MCTs are a colorless or slightly yellowish, oily liquid, practically insoluble in water, and are miscible with alcohol, methylene chloride, light petroleum, and fatty oils. MCTs became more popular in the sports world as alternative for normal fats in the diet.
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Medium chain triglycerides (MCTs) are fatty acids in which saturated fats are bound to a glycerol backbone. MCTs are found naturally in milk-fat, palm oil and coconut oil and are obtained through lipid fractionation from coconut oil. MCTs are a colorless or slightly yellowish, oily liquid, practically insoluble in water, and are miscible with alcohol, methylene chloride, light petroleum, and fatty oils. MCTs offer a ready source of energy hence it became more popular in sports world as a great alternative for normal fats or oils in the diet.
MCT market is mainly driven by increasing demand from food & beverage industry in developing countries and simultaneously increasing demand of variety of MCT products such as capric acid. Rise in demand for MCT products from such as food, medical and others is mainly due to the huge demand from growth in end-user industries. Additionally, the rapidly expanding market of personal care is also expected to surge demand for MCT in the years to come. The rising individual income of the population demands for dietary products and medical facilities, this factor boost the MCT market. Availability of new source of raw material is expected to have positive impact on growth of this market.
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Based on products, MCT market has been segmented into lauric acid, caprylic acid, caproic acid and capric acid. Capric acid product is leading segment of MCT market and its production capacity was over 60 kilo tons per annum in 2014. Caprylic acid is another key product segment has expected to receive robust boost throughout the forecast period. Lauric acid and caproic acid are expected to exhibit moderate growth rate over the forecast period.
The MCT market is segmented on the basis of different key application such as food, medical and others. The food application segment dominated the market with largest share of the total market in 2014. Medical was another leading segment of the MCT market in 2014, and is expected to expand at a decent pace during the forecast period. This growth can be attributed to rising health concerns associated with safe pesticides and dietary supplements.
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Asia Pacific held the largest share of the market for MCT in 2014. Growth in the region is ascribed to rising demand from food & beverage and other industries. Demand for MCT in the Asia Pacific is estimated to be primarily driven by increase in consumption of MCT in China, India and countries in ASEAN. Europe, Latin America and Middle East & Africa are also expected to experience significant growth of MCT market in the years to come.
Some of the key Players Cremer, Elementis, Oleon, Stepan, Basf, Klk Oleo, Croda, Emery, Musim Mas, Britz, Dr.Straetmans, Acme-Hardesty, Lonza, Magna-Kron, Avicpharmaceutical, Wumei Etc.
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