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The medium chain triglycerides (mct) market share is expected to increase by USD 664.84 million from 2020 to 2025, and the market's growth momentum will accelerate at a CAGR of 8.81%.
This medium chain triglycerides (mct) market research report provides valuable insights on the post COVID-19 impact on the market, which will help companies evaluate their business approaches. Furthermore, this report extensively covers medium chain triglycerides (mct) market segmentations by distribution channel (retail outlets and online stores) and geography (North America, Asia, Europe, and ROW). The medium chain triglycerides (mct) market report also offers information on several market vendors, including BASF SE, Croda International Plc, DuPont de Nemours Inc., Kuala Lumpur Kepong Berhad, Lonza Group Ltd., Nagase and Co. Ltd., Oleon NV, Parchem Fine and Specialty Chemicals Inc., Stepan Co., and Wilmar International Ltd. among others.
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The increased participation in sports and fitness activities is notably driving the medium chain triglycerides (mct) market growth, although factors such as may impede market growth. Our research analysts have studied the historical data and deduced the key market drivers and the COVID-19 pandemic impact on the medium chain triglycerides (mct) industry. The holistic analysis of the drivers will help in deducing end goals and refining marketing strategies to gain a competitive edge.
Key Medium Chain Triglycerides (MCT) Market Driver
The increased participation in sports and fitness activities is a major factor driving the global medium chain triglycerides (MCT) market share growth. Sport and fitness activities play a significant role in promoting health and wellness among children and adults. Besides improving the physical fitness and health of an individual, such activities are also an integral strategy for preventing childhood obesity, which is a critical health priority in countries such as the US, Mexico, New Zealand, Australia, Chile, and Hungary. Thus, increased interest, especially among young consumers, in maintaining good physical health is leading to an increase in the number of bodybuilders. Athletes and bodybuilders build muscle through training, and it is important for them to have a balanced and healthy diet. Protein powders, bars, and supplements are some of the most popular sports nutrition products consumed by bodybuilders. This has resulted in the increased use of MCT oils by athletes to raise their endurance during exercise or training regimes, as they are an immediate source of energy. Leading supplements such as 360 CUT Performance Supplement that are used by athletes before workouts contain MCTs. Therefore, the increasing interest in sports and fitness activities has increased the consumption of MCTs for enhanced performance.
Key Medium Chain Triglycerides (MCT) Market Trend
The growing awareness of lifestyle diseases is another factor supporting the global medium chain triglycerides (MCT) market share growth. There has been a considerable change in the lifestyle and diet habits of individuals over the past two decades. Consumerism and urbanization are the major reasons for this shift, which is leading to a high intake of artificial and synthetic food products. Thus, the lack of a balanced diet and a sedentary lifestyle have resulted in the increased incidence of lifestyle diseases such as heart diseases, stroke, obesity, diabetes, and atherosclerosis. As a result, governments, along with manufacturers worldwide, are initiating various programs to spread healthcare awareness. Apart from government agencies, various independent organizations, NGOs, healthcare groups, and commercial entities also hold health promotion campaigns. As a result, consumers are becoming well-informed about nutrition and healthcare issues. Furthermore, health magazines advising readers on both lifestyle and diet and new upcoming products are creating awareness among consumers. This is encouraging consumers to plan their diet, change their habits, and follow a proper schedule or program to stay fit and healthy. The growing health consciousness and awareness among consumers will directly increase the demand for products such as MCTs to remain healthy and fit.
Key Medium Chain Triglycerides (MCT) Market Challenge
The traditional or natural weight loss methods will be a major challenge for the global medium chain triglycerides (MCT) market share growth during the forecast period. With the increasing knowledge about health risks associated with overweight or obesity, people are making significant lifestyle changes to reduce weight and remain fit. Diet and exercise are common approaches to reducing weight. The largest weight management markets are the US and Japan, where traditional weight loss approaches are being opted for increasingly. In connection with the popularity of dieting, the sales of food and beverages with low sugar or fats have grown since 2008. The sales of sports nutrition and sportswear have grown among individuals interested in various exercise regimens. Governments and health organizations are promoting weight loss through several lifestyle changes, including yoga. Limiting energy intake from total fats and sugars, increasing consumption of fruits and vegetables, and engagement in regular physical activity are being promoted to maintain fitness. Since traditional or natural weight loss methods are being adopted, this might decline the demand for products such as meal replacement and energy bars that contain MCT oil, driving the revenue of the global MCT supplements market.
This medium chain triglycerides (mct) market analysis report also provides detailed information on other upcoming trends and challenges that will have a far-reaching effect on the market growth. The actionable insights on the trends and challenges will help companies evaluate and develop growth strategies for 2021-2025.
Technavio categorizes the global medium chain triglycerides supplements market as a part of the global pharmaceuticals market. Our research report has extensively covered external factors influencing the parent market growth potential in the coming years, which will determine the levels of growth of the medium chain triglycerides (mct) market during the forecast period.
The report analyzes the market's competitive landscape and offers information on several market vendors, including:
This statistical study of the medium chain triglycerides (mct) market encompasses successful business strategies deployed by the key vendors. The medium chain triglycerides (mct) market is fragmented and the vendors are deploying organic and inorganic growth strategies to compete in the market.
To make the most of the opportunities and recover from post COVID-19 impact, market vendors should focus more on the growth prospects in the fast-growing segments, while maintaining their positions in the slow-growing segments.
The medium chain triglycerides (mct) market forecast report offers in-depth insights into key vendor profiles. The profiles include information on the production, sustainability, and prospects of the leading companies.
Our report provides extensive information on the value chain analysis for the medium chain triglycerides (mct) market, which vendors can leverage to gain a competitive advantage during the forecast period. The end-to-end understanding of the value chain is essential in profit margin optimization and evaluation of business strategies. The data available in our value chain analysis segment can help vendors drive costs and enhance customer services during the forecast period.
The value chain of global pharmaceuticals market includes the following core components:
The report has further elucidated on other innovative approaches being followed by manufacturers to ensure a sustainable market presence.
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37% of the market's growth will originate from North America during the forecast period. US and Canada are the key markets for medium chain triglycerides (mct) market in North America. Market growth in this region will be faster/slower than the growth of the market in regions.
Increased prevalence of overweight and obesity will facilitate the medium chain triglycerides (mct) market growth in North America over the forecast period. This market research report entails detailed information on the competitive intelligence, marketing gaps, and regional opportunities in store for vendors, which will assist in creating efficient business plans.
COVID Impact and Recovery Analysis
The outbreak of COVID-19 adversely affected all countries in North America, especially the US, in 2020. However, it had a slightly negative impact on the MCT supplements market in North America. Various non-urgent treatments, elective surgical procedures, and clinical visits were either restricted or halted totally as per government guidelines. Some scheduled treatments were either delayed or postponed, which led to a slight decline in the sales of MCT supplements. However, routine in-patient treatments at hospitals for other diseases than COVID-19 were not affected, depending on the urgency of the treatment, which, in turn, led to regular demand for MCT supplements. Thus, the regional MCT supplements market witnessed a mixed impact in 2020 and Q1 2021. However, by the second half of 2020, lockdown-related restrictions were relaxed in various countries, which allowed the movement of people. Moreover, as pharmaceuticals were categorized as essential services, the demand for and supply of MCT supplements was not affected in the region. Like many other pharmaceutical products, MCT supplements were made available to all stakeholders. Hence, the regional market is expected to register increased growth during the forecast period.
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The medium chain triglycerides (mct) market share growth by the retail outlets segment will be significant during the forecast period. Retail outlets are driven by the increased comfort provided by these stores, enabling users to engage in one-stop shopping and brand comparison and select from several options. The steady rise in the number of stores, such as specialty stores, especially in the beauty and self-care market, is the major reason for the dominance of this segment.
This report provides an accurate prediction of the contribution of all the segments to the growth of the medium chain triglycerides (mct) market size and actionable market insights on post COVID-19 impact on each segment.
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Medium Chain Triglycerides (MCT) Market Scope |
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Report Coverage |
Details |
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Page number |
120 |
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Base year |
2020 |
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Forecast period |
2021-2025 |
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Growth momentum & CAGR |
Accelerate at a CAGR of 8.81% |
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Market growth 2021-2025 |
$ 664.84 million |
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Market structure |
Fragmented |
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YoY growth (%) |
8.82 |
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Regional analysis |
North America, Asia, Europe, and ROW |
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Performing market contribution |
North America at 37% |
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Key consumer countries |
US, Canada, China, Japan, and Germany |
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Competitive landscape |
Leading companies, Competitive strategies, Consumer engagement scope |
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Key companies profiled |
BASF SE, Croda International Plc, DuPont de Nemours Inc., Kuala Lumpur Kepong Berhad, Lonza Group Ltd., Nagase and Co. Ltd., Oleon NV, Parchem Fine and Specialty Chemicals Inc., Stepan Co., and Wilmar International Ltd. |
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Market dynamics |
Parent market analysis, Market growth inducers and obstacles, Fast-growing and slow-growing segment analysis, COVID 19 impact and recovery analysis and future consumer dynamics, Market condition analysis for forecast period |
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Customization purview |
If our report has not included the data that you are looking for, you can reach out to our analysts and get segments customized. |
We can help! Our analysts can customize this report to meet your requirements. Get in touch
1 Executive Summary
2 Market Landscape
3 Market Sizing
4 Five Forces Analysis
5 Market Segmentation by Distribution channel
6 Customer landscape
7 Geographic Landscape
8 Drivers, Challenges, and Trends
9 Vendor Landscape
10 Vendor Analysis
11 Appendix
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