The Global Medium Chain Triglyceride (MCT) Oil Market was valued at USD 678.34 Million in 2023 and is projected to reach USD 924.74 Million by 2029, growing at a Compound Annual Growth Rate (CAGR) of 5.30% during the forecast period. This significant growth is propelled by the expanding health and wellness sector, rising consumer preference for ketogenic and low-carbohydrate diets, and the increasing application of MCT oil in dietary supplements, functional foods, and pharmaceutical formulations.

As consumers increasingly seek clean-label, plant-based, and performance-enhancing ingredients, the demand for MCT oil continues to surge. This market is characterized by innovation in sourcing, purification, and application-specific formulations. In this blog, we profile the Top 10 Companies in the Medium Chain Triglyceride (MCT) Oil Industry—a diverse group of oleochemical specialists, agribusiness giants, and ingredient innovators driving the future of this dynamic market.

Download FREE Sample Report: Global Medium Chain Triglyceride (MCT) Oil Market – View in Detailed Research Report

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🔟 1. Musim Mas Holdings Pte. Ltd.

Headquarters: Singapore
Key Offering: MCT Oil from Palm and Coconut sources

Musim Mas is one of the world’s largest integrated palm oil corporations and a leading producer of MCT oil. Its vertically integrated operations ensure control from sustainable plantation management to refined specialty oleochemicals, including high-purity MCT oil for global markets.

Sustainability and Innovation Initiatives:

• Commitment to 100% Roundtable on Sustainable Palm Oil (RSPO) certified supply chain

• Investment in advanced fractionation and purification technologies

• Strong focus on R&D for new MCT applications in nutrition

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9️⃣ 2. IOI Oleo

Headquarters: Kuala Lumpur, Malaysia
Key Offering: MCT Oils, Specialty Fats and Oleochemicals

IOI Oleo, a division of IOI Corporation Berhad, is a global leader in oleochemicals and specialty fats. The company produces a wide range of MCT oils tailored for dietary supplements, sports nutrition, and medical foods, leveraging its strong presence in the palm oil industry.

Sustainability and Innovation Initiatives:

• Pioneer in sustainable palm oil certification and traceability

• Manufactures MCT oils with consistent quality and high oxidative stability

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8️⃣ 3. KLK OLEO

Headquarters: Kuala Lumpur, Malaysia
Key Offering: MCT Oils, Fatty Acids, Glycerine

KLK OLEO is a major global player in the oleochemical sector, offering a diverse portfolio that includes high-quality MCT oils derived from sustainable palm kernel oil. The company serves a broad spectrum of industries from food and nutrition to cosmetics.

Sustainability and Innovation Initiatives:

• Robust commitment to RSPO principles and sustainable sourcing

• Continuous investment in manufacturing efficiency and product innovation

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7️⃣ 4. Nisshin OilliO Group, Ltd.

Headquarters: Tokyo, Japan
Key Offering: MCT Oils, Edible Oils, Food Ingredients

Nisshin OilliO Group is a leading Japanese edible oil and food ingredient company. It has a strong focus on health-conscious products and is a key supplier of MCT oil in the Asia-Pacific region, with products designed for both consumer and industrial use.

Sustainability and Innovation Initiatives:

• Development of customized MCT solutions for the Japanese and international health markets

• Emphasis on product quality, safety, and functional benefits

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6️⃣ 5. Kao Corporation

Headquarters: Tokyo, Japan
Key Offering: MCT Oils for Cosmetics and Nutrition

Kao Corporation is a diversified chemical company with a significant presence in both cosmetics and consumer health. Its MCT oils are used in high-end skincare, haircare products, and nutritional supplements, emphasizing purity and performance.

Sustainability and Innovation Initiatives:

• Integration of MCT oil into bioactive cosmetic formulations

• Focus on bio-based and environmentally friendly ingredient sourcing

Download FREE Sample Report: Global Medium Chain Triglyceride (MCT) Oil Market – View in Detailed Research Report

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5️⃣ 6. Stepan Company

Headquarters: Northfield, Illinois, USA
Key Offering: MCT Oils, Surfactants, Polyols

Stepan Company is a leading global producer of specialty and intermediate chemicals. Its Nutrition & Health segment supplies high-purity MCT oils primarily derived from coconut oil, serving the dietary supplement and functional food industries in North America and beyond.

Sustainability and Innovation Initiatives:

• Strategic focus on renewable and natural ingredients

• Investment in R&D for enhancing the bioavailability and functionality of MCTs

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4️⃣ 7. Wilmar International Limited

Headquarters: Singapore
Key Offering: MCT Oils, Oleochemicals, Edible Oils

Wilmar International is one of the world’s largest agribusiness groups. Its extensive oleochemical division produces a significant volume of MCT oil, leveraging its massive scale in palm oil processing to serve global markets with cost-effective and reliable supply.

Sustainability and Innovation Initiatives:

• Ambitious “No Deforestation, No Peat, No Exploitation” (NDPE) policy

• Large-scale production capabilities ensuring stable MCT oil supply

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3️⃣ 8. Oleon NV

Headquarters: Ertvelde, Belgium
Key Offering: MCT Oils, Oleochemical Derivatives

Oleon, part of the Avril Group, is a leading European producer of oleochemicals derived from natural vegetable oils. The company specializes in high-value derivatives, including pharmaceutical and nutraceutical-grade MCT oils, with a strong focus on the European market.

Sustainability and Innovation Initiatives:

• Strong emphasis on green chemistry and renewable carbon index

• Development of customized MCT solutions for pharmaceutical applications

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2️⃣ 9. BASF SE

Headquarters: Ludwigshafen, Germany
Key Offering: MCT Oils, Human Nutrition Ingredients

BASF’s Human Nutrition division offers a range of essential nutrients, including high-quality MCT oils. The company leverages its chemical expertise to produce MCT oils that meet stringent quality standards for the pharmaceutical and dietary supplement industries.

Sustainability and Innovation Initiatives:

• Integration of MCT oils into comprehensive nutrition solutions

• Commitment to sustainable sourcing and carbon neutrality goals

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1️⃣ 10. Croda International Plc

Headquarters: Snaith, United Kingdom
Key Offering: High-Purity MCT Oils, Delivery Systems

Croda International is a global specialty chemicals company focused on markets using natural, sustainable ingredients. Its Health Care business supplies ultra-pure MCT oils used as carrier oils in lipid-based drug delivery systems and premium nutritional products.

Sustainability and Innovation Initiatives:

• Pioneering work in using MCTs for bioavailability enhancement in pharmaceuticals

• Strong commitment to sustainability with a target to become Climate, Land, and People Positive by 2030

Get Full Report Here: Global Medium Chain Triglyceride (MCT) Oil Market – View in Detailed Research Report

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🌍 Outlook: The Future of MCT Oil Is Functional and Sustainable

The MCT oil market is experiencing a paradigm shift from a niche health supplement to a mainstream functional ingredient. While demand from the ketogenic diet community remains strong, the future growth is increasingly driven by sophisticated applications in medical nutrition, pharmaceuticals, and personalized wellness.

📈 Key Trends Shaping the Market:

• Rising demand for plant-based and clean-label ingredients in functional foods and beverages

• Expansion of MCT applications in pharmaceutical formulations for improved drug delivery

• Growing consumer awareness of metabolic health and cognitive benefits associated with MCT consumption

• Intensifying focus on sustainable and traceable sourcing, particularly for palm-derived MCTs

Get Full Report Here: Global Medium Chain Triglyceride (MCT) Oil Market – View in Detailed Research Report

The companies listed above are not only supplying a vital nutrient—they are actively shaping a healthier and more sustainable future for the global nutrition and wellness industry.