LONDON--(BUSINESS WIRE)--Technavio has been monitoring the MCT oil market and it is poised to grow by USD 256.95 million during 2020-2024, progressing at a CAGR of almost 7% during the forecast period. The report offers an up-to-date analysis regarding the current market scenario, latest trends and drivers, and the overall market environment.
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The market is fragmented, and the degree of fragmentation will accelerate during the forecast period.
Frequently Asked Questions -
- What was the value of the global MCT oil market in 2019?
- As per Technavio, the MCT oil market was valued at USD 689.12 million in 2019 and is projected to reach USD 946.07 million by 2024.
- At what rate is the market projected to grow in the forecast period 2020-2024?
- Growing at a CAGR of almost 7%, the market growth will accelerate in the forecast period.
- Based on segmentation by application, which is the leading segment in the market?
- The supplements segment is expected to be the leading segment in the global market.
- What is the key factor driving the market?
- Demand for natural products is one of the key factors driving the market growth.
- Who are the top players in the market?
- Kuala Lumpur Kepong Berhad, Lonza Group Ltd., NOW Health Group Inc., Stepan Co., and Wilmar International Ltd. are some of the major market participants.
- Which region is expected to hold the highest market share in the market?
- North America
- Which application is expected to witness the fastest growth in the global market?
- Pharmaceutical is expected to grow at a faster rate.
To make the most of the opportunities, market vendors should focus more on the growth prospects in the fast-growing segments, while maintaining their positions in the slow-growing segments.
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Demand for natural products has been instrumental in driving the growth of the market.
Technavio's custom research reports offer detailed insights on the impact of COVID-19 at an industry level, a regional level, and subsequent supply chain operations. This customized report will also help clients keep up with new product launches in direct & indirect COVID-19 related markets, upcoming vaccines and pipeline analysis, and significant developments in vendor operations and government regulations.
MCT Oil Market 2020-2024: Segmentation
MCT Oil Market is segmented as below:
-
Application
- Supplements
- Pharmaceuticals
- Others
-
Geographic Landscape
- APAC
- Europe
- MEA
- North America
- South America
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MCT Oil Market 2020-2024: Scope
Technavio presents a detailed picture of the market by the way of study, synthesis, and summation of data from multiple sources. The MCT oil market report covers the following areas:
- MCT Oil Market Size
- MCT Oil Market Trends
- MCT Oil Market Analysis
This study identifies the growing demand for supplements as preventive measures as one of the prime reasons driving the MCT Oil market growth during the next few years.
Technavio suggests three forecast scenarios (optimistic, probable, and pessimistic) considering the impact of COVID-19. Technavio’s in-depth research has direct and indirect COVID-19 impacted market research reports.
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MCT Oil Market 2020-2024: Key Highlights
- CAGR of the market during the forecast period 2020-2024
- Detailed information on factors that will assist MCT oil market growth during the next five years
- Estimation of the MCT oil market size and its contribution to the parent market
- Predictions on upcoming trends and changes in consumer behavior
- The growth of the MCT oil market
- Analysis of the market’s competitive landscape and detailed information on vendors
- Comprehensive details of factors that will challenge the growth of MCT oil market vendors
Table of Contents:
Executive Summary
- Market Overview
Market Landscape
- Market ecosystem
- Value chain analysis
Market Sizing
- Market definition
- Market segment analysis
- Market size 2019
- Market outlook: Forecast for 2019 - 2024
Five Forces Analysis
- Bargaining power of buyers
- Bargaining power of suppliers
- Threat of new entrants
- Threat of substitutes
- Threat of rivalry
- Market condition
Market Segmentation by Application
- Market segments
- Comparison by Application placement
- Supplements - Market size and forecast 2019-2024
- Pharmaceuticals - Market size and forecast 2019-2024
- Others - Market size and forecast 2019-2024
- Market opportunity by Application
Customer Landscape
- Overview
Geographic Landscape
- Geographic segmentation
- Geographic comparison
- North America - Market size and forecast 2019-2024
- APAC - Market size and forecast 2019-2024
- Europe - Market size and forecast 2019-2024
- South America - Market size and forecast 2019-2024
- MEA - Market size and forecast 2019-2024
- Key leading countries
- Market opportunity by geography
Drivers, Challenges, and Trends
- Market drivers
- Volume driver - Demand led growth
- Volume driver - Supply led growth
- Volume driver - External factors
- Volume driver - Demand shift in adjacent markets
- Price driver - Inflation
- Price driver - Shift from lower to higher-priced units
- Market challenges
- Market trends
Vendor Landscape
- Overview
- Landscape disruption
- Vendor Analysis
Vendors covered
- Market positioning of vendors
- BASF SE
- Crestchem Ltd.
- Croda International Plc
- Danone Nutricia
- IOI Corporation Berhad
- Kuala Lumpur Kepong Berhad
- Lonza Group Ltd.
- NOW Health Group Inc.
- Stepan Co.
- Wilmar International Ltd.
Appendix
- Scope of the report
- Currency conversion rates for US$
- Research methodology
- List of abbreviations
About Us
Technavio is a leading global technology research and advisory company. Their research and analysis focus on emerging market trends and provides actionable insights to help businesses identify market opportunities and develop effective strategies to optimize their market positions. With over 500 specialized analysts, Technavio’s report library consists of more than 17,000 reports and counting, covering 800 technologies, spanning across 50 countries. Their client base consists of enterprises of all sizes, including more than 100 Fortune 500 companies. This growing client base relies on Technavio’s comprehensive coverage, extensive research, and actionable market insights to identify opportunities in existing and potential markets and assess their competitive positions within changing market scenarios.
