Press release
Mediumchain Triglycerides Market- Key Growth Factors and Forecast
Global medium-chain triglycerides demand can be attributed to rising health concerns associated with dietary supplements and safe pesticides. Medium-chain Triglycerides have benefit impact on weight management. Medium-chain triglycerides market is driven by cumulative demand from food and beverage industry in developing countries and simultaneously increasing demand of verity of medium-chain triglycerides product such as capric acid. Increasing demand for medium-chain triglycerides product such as food, medical and other mainly due to huge demand from end-use industry. The availability of a new source of raw material is expected to have the positive impact on the growth of medium-chain triglycerides market. Additionally, the promptly growing market of personal care is also expected to outpour the demand for medium-chain triglycerides in the coming years. Demand for global medium-chain triglycerides is expected to surged up and is projected to remain impressive in near future
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The demand for global medium-chain triglycerides can be segmented on the basis of product type, application and region. On the basis of product type medium-chain triglycerides market can be segmented into lauric acid, caprylic acid, caproic acid and capric acid. On the basis of application medium-chain triglycerides market can be segmented into food, medical and other application. Food application segmented is the dominating segment among others. The medical industrial is another potential und use of medium-chain triglycerides. Medical application segment is estimated to experience a significant growth among other application segment owing to the rising consumer concern regarding health and dietary. On the basis of region, medium-chain triglycerides market can be segmented as North America, Latin America, Europe, Asia Pacific and Middle East and Europe. Among product segment Caprylic acid is expected to maintain its leading position in coming years also lauric acid and caproic acid are expected to exhibit significant growth rate over the forecast period.
Asia pacific medium-chain triglycerides market is expected to expend significantly over the forecast period. Growth in Asia Pacific region is ascribed to rising demand for food & beverage and other industries. The region such as North America and Europe are a mature market and demand for medium-chain triglycerides is attributed to consumer interest towards weight management. Demand for medium-chain triglycerides in this region is expected to be primarily driven by increasing consumption of medium-chain triglycerides in china, India, and other ASEAN countries. Latin America and Middle East & Africa is also expected to experience significant growth of medium-chain triglycerides market over the forecast period.
Few players of global medium-chain triglycerides are Elementis, Cremer, Stepan, BASF, Croda, Emery, Sternchemie, Britz, Musim Mas, Dr.Straetmans, Acme-Hardesty, Lonza, Magna-Kron, Avicpharmaceutical, Wumei, ABITEC Corporation, A&A Fratelli Parodi, Henry Lamotte Oils GmbH, Zhejiang Wumei, Wilmar, Avic Pharmaceutical Etc.
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