Medium Chain Triglycerides Market 2018 Industry Analysis by Leading Players - Sternchemie GmbH & Co KG, Emery Oleochemicals, KLK Oleo, BASF SE, DuPont, Wilmar International Ltd, Stepan Company, Sternchemie Lipid Technology, Jarrow Formulas and ABITEC

The Medium Chain Triglyceride is widely used as dietary supplements, infant nutrition, pharmaceuticals, cosmetic & personal care, sports drink, and others. Dietary supplement application segment is expected to witness the highest growth during the forecast years. The growing consciousness about health benefits along with the increasing demand for fat burning supplements is contributing to the growth of the segment.

The Global Medium Chain Triglyceride Market is spanned across five regions of the world namely, Europe, Asia Pacific, North America, Latin America, and the Middle East & Africa. Asia Pacific holds the largest share of the global market and is projected to grow at a rapid rate.

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The growing cosmetic & personal care and pharmaceuticals market in the region are contributing to the market growth. Moreover, the growing cases of malnutrition in the region are further expected to surge the market in the region. The North American market is expected to grow at a steady CAGR owing to the growing demand for Medium Chain Triglyceride in dietary supplements and cosmetics. The growing cases of lifestyle diseases such as obesity and diabetes are anticipated to propel the market demand further. The European region is expected to witness a steady growth at a CAGR of over 4% during the review period. The growing demand form the dietary supplements and sports drinks are expected to drive the market growth. Latin America and the Middle East and African region are expected to show a moderate growth. The growing cases of malnutrition in the region are expected to fuel the demand for Medium Chain Triglyceride in these regions. According to the World Health Organization, around 19 million children were affected by malnutrition in 2016.

Key Players

Some of the prominent players operating in the Global Medium Chain Triglycerides Market are Sternchemie GmbH & Co KG (Germany), Emery Oleochemicals (U.S.), KLK Oleo (Malaysia), BASF SE (Germany), DuPont (U.S.), Wilmar International Ltd (Singapore), Stepan Company (U.S.), Sternchemie Lipid Technology (Germany), Jarrow Formulas (U.S.), and ABITEC (U.S.) among others.

Segmentation

The Global Medium Chain Triglycerides Market is segmented into source, form, fatty acid type, and application. On the basis of the source, the market is segregated into coconut, palm, and others. The market by form is segmented into dry form, liquid form. On the basis of the fatty acid type, the global market is segregated into caprylic acid, capric acid, lauric acid, and caproic acid. On the basis of the application, the global market for Medium Chain Triglycerides is further segmented into dietary supplements, cosmetic & personal care, pharmaceuticals, sports drinks, infant nutrition, and others.

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