BASF SE, DuPont de Nemours, Inc., Croda International Plc, Stepan Company, and ABITEC Corporation, among others, are the major players in the global market for medium chain triglycerides.
As per the analysis by Expert Market Research, the global medium chain triglycerides market is expected to grow at a CAGR of 6% in the forecast period of 2022-2027, owing to the growing demand from the food and beverage industry.
North America is a significant region in the global market owing to the rise in emphasis on functional foods and drinks and dietary supplements among youngsters. The use of medium chain triglycerides (MCT) as an ingredient in nutritional food supplements will further cause a growth in the medium chain triglycerides market. There are numerous well-known beverage companies in the area that are led by the United States. The United States market is being driven by the rising use of dietary supplements.
The food and beverage industry in emerging nations has accumulated a need for medium chain triglycerides, and at the same time, there is a growing demand for actual medium chain triglycerides like capric acid. Medium-chain triglyceride demand has increased for a variety of products, including those used in food, medicine, and other end-use industries. The growth of the medium chain triglycerides market is anticipated to be significantly impacted by the availability of new raw material sources. The rapidly expanding personal care business is also anticipated to increase demand for medium-chain triglycerides in the upcoming years.
For a total sum of £16 million, Croda International Plc acquired botanicals expert Alban Muller in March 2021 in order to increase the number of active natural ingredients in its product line. The acquisition expands Croda's substantial array of ingredients made from bio-based raw materials and aligns with its commitment to be the most sustainable supplier of innovative ingredients. Alban Muller is recognised as a market leader in sustainability. As a result of having access to Croda's global sales network and formulation know-how, Alban Muller's clients now have access to high-tech natural active ingredients, which benefits Croda's customers.
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BASF is a multinational chemical company and the largest producer of chemicals in the world. Around 1,10,000 employees work for the group in six segments: Chemicals, Materials, Industrial Solutions, Nutrition and Care, Agricultural Solutions, and Surface Technologies. Kollisolv® MCT 70 from BASF is an oil that is transparent, slightly yellowish, polar, and odourless. Due to its medium spreading property, the material can be utilised usually in pharmaceutical skin care products, well-fatting emulsions, and skin oils.
|Headquarters:||Delaware, United States|
DuPont de Nemours, a world leader in science-based products, provides necessary food and beverage innovations with healthy and sustainable options for customers to consume the products they love. The company’s main business revolves around electronics and industrial, mobility and materials, and water and protection. They are crucial in the development of procedures for assessing the safety of food enzymes.
|Headquarters:||Snaith, United Kingdom|
Croda provides services and products of high-performance ingredients and technologies to the most successful brands in the world. The company has a workforce of more than 4,000 employees working across their 19 manufacturing sites and offices in around 35 countries. Their business areas cover healthcare, geotechnologies, industrial chemicals, lubricants, energy technologies, and many more.
|Headquarters:||Illinois, United States|
Stepan Company offers cutting-edge chemical solutions for a future that is healthier, greener, and more energy-efficient. The company works with clients to develop high-quality products that spur growth in the consumer sector and functional industries, including construction, oilfield, agricultural, paints and coatings. The company is a publicly traded, international manufacturer of speciality and intermediate chemical products.
|Headquarters:||Ohio, United States|
ABITEC is a global leader in the manufacture and development of speciality lipids and surfactants. The company delivers high-quality solutions in lubrication, emulsification and solubilisation through their scientific, technical, and manufacturing expertise. Their core markets are pharmaceutical health, nutritional health, and speciality chemicals. They also offer services for customers who want to manufacture and develop new oleochemical molecules or manufacture established products.
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