$1,250 Mn expected for Global Medium-chain Triglycerides Market at 6.5% CAGR by 2020
Deerfield Beach, FL -- (SBWIRE) -- 08/08/2017 -- Zion Market 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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Lauric acid, caprylic acid, caproic acid and capric acid are key products of MCT market. Capric acid was the largest product segment of the global MCT market market in 2014 and its production capacity was over 60 kilo tons per annum in 2014. This product segment is expected to maintain its leading position during the forecast period. Caprylic acid is another key product segment has expected to experience fastest growth in the years to come. Lauric acid and caproic acid are expected to exhibit significant growth rate over the forecast period.
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Based on application, the MCT market has been segmented into food, medical and others. Food was the largest end-user segment of the MCT market in 2014. The medical industry is another potential consumer of MCT. Medical is estimated to be the fastest-growing end-user segment of the MCT market in the next few years. This growth can be attributed to rising health concerns associated with safe pesticides and dietary supplements.
Medium chain Triglycerides MarketAsia Pacific was a dominant regional 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.
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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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