Deerfield Beach, FL, Feb. 09, 2016 (GLOBE NEWSWIRE) — Zion Research has published a new report titled “Medium-chain Triglycerides Market For Food, Medical And Other Applications: Global Industry Perspective, Comprehensive Analysis And Forecast, 2014 – 2020”. According to the report, the global medium-chain triglycerides market was valued at approximately USD 750.0 million in 2014 and is expected to reach approximately USD 1,250.0 million by 2020, growing at a CAGR of around 6.5% between 2015 and 2020.In terms of volume, global medium-chain triglycerides market stood at around 550 kilo tons in 2014.Medium-chain Triglycerides (MCTs) are made up of medium-chain fatty acids fatty acids with a carbon chain. MCTs are generally made by processing coconut and palm oils in the laboratory. MCTs are a colorless or slightly yellowish, oily liquid, practically insoluble in water, and are miscible with alcohol, methylene chloride, light petroleum, and fatty oils. MCTs became more popular in the sports world as alternative for normal fats in the diet.
MCT market is mainly driven by increasing demand from food & beverage industry in developing countries and simultaneously increasing demand of variety of MCT products such as capric acid. Rise in demand for MCT products from such as food, medical and others is mainly due to the huge demand from growth in end-user industries. Additionally, the rapidly expanding market of personal care is also expected to surge demand for MCT in the years to come. The rising individual income of the population demands for dietary products and medical facilities, this factor boost the MCT market. Availability of new source of raw material is expected to have positive impact on growth of this market.
Browse the full “Medium-chain Triglycerides (Lauric Acid, Caprylic Acid, Caproic Acid And Capric Acid) Market For Food, Medical And Other Applications: Global Industry Perspective, Comprehensive Analysis, Size, Share, Growth, Segment, Trends and Forecast, 2014 – 2020” report at http://www.marketresearchstore.com/report/medium-chain-triglycerides-market-z46560
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.
Browse 55 Market Tables and 17 Figures spread through 70 Pages and an in-depth TOC on “Medium-chain Triglycerides Market – Global Industry Analysis, Size, Shares, Trends, Segment & Forecast to 2020”
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Asia 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.
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.
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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
Browse Press Release at http://www.marketresearchstore.com/news/global-medium-chain-triglycerides-market-155
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