Global Medium-Chain Triglycerides Market is accounted for $524.57 million in 2016 and is expected to reach $869.95 million by 2023 growing at a CAGR of 7.4% during the forecast period. Some of the factors such as expanding health concerns of consumers and growing number of applications are fueling the market growth. However, more number of substitutes is hampering the market. Rising demand in emerging economies provides ample of opportunities for the market growth.
By application, nutritional diet segment commanded the largest market share during the forecast period owing to its medical advantages, for example, weight administration and enhanced psychological working. By geography, Asia Pacific is anticipated to grow at the highest CAGR due to increasing utilization of personal care items, for example, lotions, gels, creams and cosmetic items for ladies are filling the broadening of the market.
Some of the key players in Medium-Chain Triglycerides market include Wilmar International Limited, Croda International PLC, Koninklijke DSM N.V, Emery Oleochemicals Group, Musim Mas Holdings, Acme-Hardesty Co. Inc., Sternchemie GmbH & Co Kg, E.I. Dupont De Nemours and Company, KLK OLEO, Lonza Group Ltd., BASF SE, The Procter & Gamble Company and Stepan Company.
Sources Covered: Palm Coconut Other Sources Vegetable Fats Milk Fats
Applications Covered: Pharmaceuticals Nutritional Diet Infant Formula Personal Care Sports Drinks Other Applications Fragrances Flavor
Distribution Channels Covered: Retail stores Online stores
Regions Covered: North America US Canada Mexico Europe Germany France Italy UK Spain Rest of Europe Asia Pacific Japan China India Australia New Zealand South Korea Rest of Asia Pacific South America Argentina Brazil Chile Rest of South America Middle East & Africa Saudi Arabia UAE Qatar South Africa Rest of Middle East & Africa
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