Press release
Global Medium-chain Triglycerides Market To Reach Around USD 1,250 Million By 2020
Medium-chain Triglycerides Market
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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.
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.
This report segments the global medium-chain triglycerides market as follows:
Global Medium-chain Triglycerides Market: Product Segment Analysis
Lauric acid
caprylic acid
caproic acid
capric acid
Global Medium-chain Triglycerides Market: Application Segment Analysis
Food
Medical
Others
Global Medium-chain Triglycerides Market: Regional Segment Analysis
North America
U.S.
Europe
Germany
France
UK
Asia Pacific
China
Japan
India
Latin America
Brazil
Middle East and Africa
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