Market Research Report Store Medium-chain Triglycerides Market Projected to rea
"Medium-chain Triglycerides Market Projected to reach USD 809.3 million by 2022, at a CAGR
of 6.1% from 2017" published in June 2017. It is a professional and in-depth study.
Summary
Market Research Report Store announces a new report "Medium-chain Triglycerides
Market "added to its database.The medium-chain triglycerides market is projected to reach USD
809.3 million by 2022, at a CAGR of 6.1% from 2017. The market is driven by factors such as rising
demand for healthy and nutritious food, growing inclination of consumers toward healthy lifestyles,
increasing demand for processed and convenience foods, and growing demand for innovative food &
beverage products due to changing consumer trends. Factors such as high cost involved in R&D
activities and production are restraining the market.
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“Caprylic acid segment led the medium-chain triglycerides market in 2016”
In 2016, the caprylic acid segment accounted for the largest share of 50.6% in the global market, in
terms of fatty acid types, and is projected to follow the same trend during the forecast period. Since it is
the basic ingredient in several food and nutraceutical products, an increase in global food consumption
would subsequently lead to an increase in demand for caprylic acid.
“North America to lead the market in terms of market share between 2016 and 2022”
The market for medium-chain triglycerides in North America was the largest. The U.S. is estimated to
dominate the market for medium-chain triglycerides globally as well as regionally.
The North American region was the largest in terms of consumption, owing to the increasing demand
from applications such as detergents, surfactants, personal care, and food additive. Furthermore, the
development in end-user industries is projected to fuel the consumption of caproic acid.
The breakdown of the primaries on the basis of company, designation, and region, conducted
during the research study, is mentioned as follows:
By Company Type: Tier 1 - 47%, Tier 2 - 25%, and Tier 3 - 28%
By Designation: Director Level - 55%, C Level - 35%, and Others - 10%
By Region: Asia-Pacific - 45%, Europe - 30%, North America - 15%, and RoW - 10%