San Francisco, 22 March,
Medium Chain Triglycerides (MCT) Market Analysis By Application (Personal Care
& Cosmetics, Pharmaceuticals, Dietary & Health Supplements), By Region,
Competitive Strategies, And Segment Forecasts, 2018 - 2025
The global medium chain triglycerides market is
expected to reach USD 2.46 billion by 2025, according to a new report by Grand
View Research, Inc. The increasing cases of obesity and growing demand of MCT
products in the cosmetics industry are projected to drive the demand over the
forecast period.
The global industry is expected
to witness a growth owing to its use as an excipient, which acts as a carrier
or suspension medium for oil soluble antibiotics and drugs. Its applications as
an antibacterial, antiviral or antifungal medicine and its ability to decrease
cardiovascular disease and mortality risk are expected to drive the MCT market.
Dietary and health supplements
segment accounted for 59% of total demand in 2016 and is anticipated to gain
share over the forecast period. The growing popularity of MCT oil among
health-conscious population owing to its properties like improving metabolism,
fat burning and providing energy is expected to steer the global market.
Access Full Research
Report On Medium Chain Triglycerides (MCT) Market Analysis:
Further key findings from the report suggest:
·
The global medium chain
triglycerides demand was 271 kilo tons in 2016 and is estimated to grow at a
CAGR of 6.1% to reach a total volume exceeding 430.0 kilo tons by 2025
·
The personal care segment
accounted for over 8% of the total demand in 2016 and is anticipated to grow at
a CAGR of 5.6% from 2016 to 2025
·
The pharmaceuticals segment in
the U.S. was valued over USD 94.2 million in 2016 and is accounted for over 27%
of the total revenue in the country
·
North America emerged as the
largest consumer and is estimated to raise the demand for MCT to over 155 Kilo
tons by 2025
·
Asia Pacific is the fastest
growing market and is projected to account for over 20% of the total revenue by
2025
·
Europe is anticipated to occupy
a volume share of over 15% by 2025 at a CAGR of 4.4% over the next eight years
·
The Brazil medium chain
triglycerides market generated revenue worth of USD 127 million in 2016 and is
anticipated to grow at a CAGR of 7.1% by 2025
·
Owing to the growing demand for
specific and multifunctional products the industry players have been forced to
focus towards consumer specific product positioning strategies for higher
penetration in the local markets
·
Key industry participants
include BASF, Wilmar International Ltd, Stepan Company, Sternchemie Lipid
Technology, Jarrow formulas, Lonza, KLK Oleo, etc.
Browse More Reports Of This Category By
Grand View Research At: https://www.grandviewresearch.com/industry/renewable-chemicals
Grand View Research has segmented the
global medium chain triglycerides market on the basis of application and
region:
MCT Application Outlook
(Volume, Kilotons; Revenue, USD Million, 2014 - 2025)
·
Personal care
·
Pharmaceuticals
·
Dietary and healthcare
supplements
·
Others
MCT Regional Outlook (Volume,
Kilotons; Revenue, USD Million, 2014 - 2025)
·
North America
o
U.S
·
Europe
o
Germany
o
UK
·
Asia Pacific
o
China
o
India
·
Middle East and Africa
·
Central & South America
o
Brazil
Browse Press
Release of this Report:
https://www.grandviewresearch.com/press-release/global-medium-chain-triglycerides-mct-market
https://www.grandviewresearch.com/press-release/global-medium-chain-triglycerides-mct-market
About Grand View
Research
Grand View
Research provides syndicated as well as customized research reports and
consulting services on 46 industries across 25 major countries worldwide. This
U.S.-based market research and consulting company is registered in California
and headquartered in San Francisco. Comprising over 425 analysts and
consultants, the company adds 1200+ market research reports to its extensive
database each year. Supported by an interactive market intelligence platform,
the team at Grand View Research guides Fortune 500 companies and prominent
academic institutes in comprehending the global and regional business
environment and carefully identifying future opportunities.
For more
information: www.grandviewresearch.com/
No comments:
Post a Comment