Sarasota, FL, April 04, 2017 (GLOBE NEWSWIRE) -- Zion Market Research has published a new report titled “Medium Chain Triglycerides Market (Caproic Acid, Caprylic Acid, Capric Acid, Lauric Acid, Heptanoic Acid and Nonanoic Acid) for Medical, Food, and Other Applications: Global Industry Perspective, Comprehensive Analysis, and Forecast, 2016 – 2022”. According to the report, global medium chain triglycerides market was valued at USD 1.07 billion in 2016 and is expected to reach USD 1.55 billion in 2022, growing at a CAGR of 12.3% between 2017 and 2022. In terms of volume, global medium chain triglycerides stood at approximately 451.7-kilo tons in 2016.
Medium chain triglycerides are the source of healthy essential fats that are required for the body. It has a simple chemical structure that helps to burn the saturated fats for energy and gets easily absorbed by the body. Thus, it is beneficial for preventing obesity and brain health. Thus, it is rapidly becoming popular among health concern population and is projected to grow at a high CAGR during the years to come.
Browse through 55 Market Tables and 34 Figures spread through 110 Pages and in-depth TOC on “Global Medium Chain Triglycerides Market: Industry Size, Share, Analysis and Forecast 2016 – 2022”.
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The global medium chain triglycerides market is primarily driven by the increasing growth in the food industry on a global level. Rising penetration of healthcare industry is expected to have a positive impact on the market. Moreover, growing adoption rate of dietary intake among consumers is likely to help in growing demand for medium chain triglycerides within the forecast period. However, expensive production of medium chain triglycerides may impede the consumption of medium chain triglycerides oil. Nevertheless, on-going research & development in personal products and healthcare industry will provide new avenues to the major vendors of the market over the future years.
Lauric acid led the global medium chain triglycerides market in 2016 and it accounted for more than 36% share of the market in 2016. Furthermore, this trend is likely to continue in the near future due to heavy consumption in a treatment for acne and various disease treatments. Lauric acid increases in high-density lipoprotein (HDL) in the body. Thus, it is likely to grow at a CAGR of 6.8% between 2017 and 2022. Moreover, Caprylic acid was second largest product segment of the market in the same year. Caproic acid is predicted to be the fastest-growing segment of the market within the forecast period owing to utilization of caproic acid in the production of esters and artificial flavors.
Browse the full "Medium Chain Triglycerides Market (Caproic Acid, Caprylic Acid, Capric Acid, Lauric Acid, Heptanoic Acid and Nonanoic Acid) for Medical, Food, and Other Applications: Global Industry Perspective, Comprehensive Analysis, and Forecast, 2016 – 2022" report at https://www.zionmarketresearch.com/report/medium-chain-triglycerides-market
In terms of applications, food dominated the global medium chain triglycerides market in 2016. It accounted for more than 23% share of the entire market and predicted to grow at CAGR of 6.1% within the forecast period. Emerging food industry in developing countries along with rising dietary relevance across the globe is expected to fuel the market growth in the near future. Furthermore, medical is projected to be the fastest-growing segment of the market during the next few years. Growing obesity and rising health concerns among the peoples is expected to influence the demand for medium chain triglycerides positively during the forthcoming years.
North America was the third largest market of medium chain triglycerides in 2016. It is one of the mature markets of medium chain triglycerides and it is expected to grow at a CAGR of 5.4% between 2017 and 2022. U.S. was the major revenue contributor in the region. It holds almost 75% share of the market. Lauric acid was the largest product segment in the region.
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Europe was the second largest market of medium chain triglycerides in 2016. Immense demand for personal care and healthcare products drives the market of medium chain triglycerides in the region. However, Europe has become a mature market for medium chain triglycerides. Germany was the major contributor in the region. The food was the leading application for the market in the region and it is predicted to grow at a decent rate in the coming years.
Asia Pacific holds the leading position in the global medium chain triglycerides market in 2016. China is the major producer of the medium chain triglycerides in the region. Moreover, India is predicted to be the fastest-growing country in the region. Easy availability of raw material along with strong demand for dietary relevance in the India and China is likely to trigger the market expansion over the next few years. Changing lifestyle and eating habits is expected to impel the market gains in the coming years. Furthermore, development & research, product innovations and acquisition are the main strategies of the major player in the region that is expected to move the market size to next step in the global market.
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Latin America and Middle East & Africa are expected to grow at a moderate pace within the forecast period. Emerging food & beverages industry is likely to drive the market specifically in Brazil, Argentina, and UAE. High investments by the multinational companies in the region are projected to set new opportunities for medium chain triglycerides market in both the regions during the years to come.
Some of the key vendors of the global medium chain triglycerides market include Acme-Hardesty, ABITEC Corporation, BASF SE, CONNOILS LLC, Croda International Plc, Dr. Straetmans GmbH, Elementis, Emery Oleochemicals Group, Klk Oleo, Lonza Group, Magna-Kron Corp, Musim Mas, Oleon, Peter Cremer Holding GmbH & Co. KG and Stepan.
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This report segments the global medium chain triglycerides market as follows:
Medium Chain Triglycerides Market: Type Analysis
- Caproic Acid
- Caprylic Acid
- Capric Acid
- Lauric Acid
- Heptanoic Acid
- Nonanoic Acid
Medium Chain Triglycerides Market: Application Analysis
- Medical
- Food
- Others
Medium Chain Triglycerides Market: Regional Analysis
- North America
- U.S.
- Europe
- UK
- France
- Germany
- Asia Pacific
- China
- Japan
- India
- Latin America
- Brazil
- The Middle East and Africa
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