According to the MRFR reports, the Global Medium-Chain Triglycerides Market is projected to register a significant rate of 6.80% from 2021 to 2030 to reach a market value of USD 1,359.25 million by the end of 2030

Medium-chain triglycerides are made from two or three fatty acids. MCT is obtained from the processing of coconut and palm kernel oils.

The global market for medium-chain triglycerides overview has witnessed massive growth over recent years owing to factors such as growing demand for functional food supplements, increasing the demand for different types of medium-chain triglycerides, escalation in demand from food processing and beverage making industries, and growing areas of applications such as medicinal products, infant nutrition, personal care products, and dietary supplements. However, the growth of the MCT market is anticipated to be impeded by the cost involved in research and development activities and high production costs.

Segment Analysis

The global market for medium-chain triglycerides is divided into several segments based on application, type, source, form, and region.

The global MCT market is bifurcated into caproic, lauric, capric, and caprylic based on type.

Based on form, the MCT market is split into liquid and dry.

By source, the global MCT market is bifurcated into coconut oil, palm kernel oil, and others.

The MCT market is divided into personal care, pharmaceuticals, food & beverages, and others based on application.

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Competitive Analysis

The global market for medium-chain triglycerides has an intensely competitive landscape. The players in the global MCT market are adopting several new strategies such as partnerships, mergers, product development, acquisitions, etc., strengthening their market position. The leading players in the medium-chain triglycerides market include Timur Oleochemicals Malaysia Sdn.Bhd. (Malaysia), Lonza Group Ltd. (Switzerland), Croda International PLC. (UK), Jarrow Formulas (US), Stepan Company (US), E. I. du Pont de Nemours and Company (US), KLK Oleo (Malaysia), Sternchemie GmbH & Co KG (Germany), Procter & Gamble Company (US), ABITEC (US), Wilmar International Ltd (Singapore), Emery Oleochemicals (US), BASF SE (Germany), Sternchemie Lipid Technology (Germany), Koninklijke DSM N.V. (Netherlands), and several others.

Regional Analysis

The global medium-chain triglycerides market is studied across five major regions: North America, South America, Europe, Asia-Pacific, and the Middle East & Africa.

The North American regional medium-chain triglycerides market will likely secure the top position globally over the review timeframe. The regional market's growth is being driven by the increasing demand for convenience and processed food items, the growing inclination of consumers toward healthy lifestyles, and the growing demand for healthy and nutritious food among consumers across the region. The US and Canada are the leading growth contributors in the regional market for medium-chain triglycerides.

The Asia-Pacific regional medium-chain triglycerides market research is projected to register the highest growth over the assessment timeframe. The regional market's growth is attributed to the growing demand for applications such as food additives, personal care, surfactants, and detergents. Furthermore, the rising use of personal care products such as cosmetics, creams, gels, and lotions is also one of the vital factors to boost the performance of the regional MCT market.

Recent Developments

November 2021 - a leader in plant-based materials manufacturing, NEXE Innovations Inc., has announced that its XOMA Superfoods product line has received approval for listing with leading Canadian eCommerce retailer, Walmart.ca. The products are well-matched with Keurig® single-serve brewing systems and are sold in packages of 12 pods.

The product line by XOMA Superfoods product line includes:

Keto Cocoa

Matcha

Turmeric Golden Milk

Coffee Fortified with medium-chain triglycerides (MCT)

Keto Coffee

August 2021- Glanbia Nutritionals, a Chicago-based company, offers the weight management and sports nutrition markets with the latest keto powder ingredient, the latest that combines medium-chain triglyceride (MCT) oil and whey protein. KetoSure MCT enables companies to develop keto-friendly weight management and sports nutrition products. The company revealed in a press conference that Glanbia Nutritionals' latest KetoSure MCT offers customers an extraordinary ketogenic ingredient, which blends premium whey protein isolate with high-quality, coconut-based MCT oil in a powder format.

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Field service management is an integral part of various industries, ensuring smooth operations and efficient service delivery.

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Overview:

Flavored water is fast becoming popular among the younger generation who are opting for it due to its taste and health-related benefits. The global flavored water market is expecting a steady growth during the forecast period (2022-2030), reveals Market Research Future (MRFR) in a thorough analysis of the same with particular emphasis on drivers and segments and valuable insights regarding the market scenario in coming years. These drinks are available in multiple colors that offer different health benefits. People living their lives on a faster track prefer such small indulgences that can have a positive impact on individuals as well. Hence, the market is experiencing such a boost. The expanding retail sector and manufacturers taking up innovative models to launch their products can also be considered as significant market influencers.

Flavored Water Market Insight is Anticipated to Reach USD 32.36 Billion by 2030 with 10.0% CAGR By 2022 to 2030

However, artificial flavors can put a leash on the market. The perception regarding artificial flavoring among the populace does not have any positive signifier which can reduce the growth speed for the same market during the forecast period.

Industry Trend:

JUST Water launched JUST Infused, three certified organic, unsweetened flavors, organic apple cinnamon, organic tangerine, organic lemon as a part of their expanding portfolio. The target is to have a positive environmental and community impact.

PepsiCo launched their new product Bubly which according to them would give serious competition to others and does not contain artificial flavors, sweeteners or calories. The new drink has eight flavors limebubly, grapefruitbubly, strawberrybubly, lemonbubly, orangebubly, applebubly, mangobubly, and cherrybubly.

Segmentation:

The global flavored water market can be segmented by type, flavors, packaging material, and distribution channel.

By type, the market can be segmented into carbonated and non-carbonated flavored water. Carbonated flavored water segment is spearheading the market, whereas, non-carbonated segment can register the highest market growth.

Based on flavors, the market can be segmented into lemon, orange, mixed berry, apple, and others. Lemon has a firm grip over the market and orange stands in the second spot.

Based on packaging material, the market includes glass and plastic. Plastic segment is leading the market with great ease. However, glass is gaining traction as well.

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Considering distribution channel, the market can be segmented into store-based and non-store based distribution channel. Store-based segment is enjoying significant market superiority.

Regional Analysis:

Region-specific analysis of the market includes North America, Europe, Asia Pacific (APAC) and the Rest-of-the-World (RoW).

Europe has the upper hand in the market with the largest share of the revenue generated to its name. Germany, France, and Italy are the major contributors to the growth of flavored water market. North America follows the line and is the second largest market with the U.S. contributing substantially. Major market players belong to the U.S. which gives the country a much-needed heads up for the region.

The APAC is expected to be the fastest growing region during the forecast period with countries such as India, China and Japan contributing much. The region is experiencing a surge in health awareness and is getting gradually inclined towards a healthy diet. Countries from South America are also anticipated to experience a significant hike in sales. The Middle East will project a moderate growth during the same period.

The flavored water market outlook is poised for significant growth in the coming years, driven by shifting consumer preferences towards healthier beverage options. As more individuals seek alternatives to sugary and carbonated drinks, flavored water offers a refreshing and low-calorie choice, often infused with natural flavors and functional ingredients. This trend aligns with the growing awareness of the importance of hydration and the desire for unique taste experiences. Key players in the beverage industry are capitalizing on this trend by introducing innovative flavors and packaging options, targeting both health-conscious consumers and those looking for novel and exciting beverages. As a result, the flavored water market is expected to expand, presenting opportunities for product diversification, market expansion, and heightened competition among industry participants.

Market Dashboard:

The market is witnessing a new product launch all the time and is hoping to ride on its success. However, innovations are taking center stage owing to which a lot of tie-ups are also taking place. For instance, Clearly Canadian acquired DMR Food Corporation to increase its endeavor of producing healthy foods. Brynwood Partners VII LP completion of Sunny Delight Beverages Co.’s merger with Harvest Hill Beverage Co. can be considered as well.

Some of the key players profiled in the global flavored water market are Clearly Canadian (Canada), PepsiCo (U.S.), The Coca-Cola Company (U.S.), Hint, Inc. (U.S.), Crystal Geyser Water Company (U.S.), O Beverages, LLC (U.S.), Nestlé (Switzerland), Kraft Heinz (U.S.), Ayala (Philippines), Sunny Delight Beverages (U.S.), and others.

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99 Hudson Street,5Th Floor, New York, New York 10013, United States of America

PH no.: +1 646 845 9312

Email: sales@marketresearchfuture.com