The Global Medium Chain Triglyceride (MCT) Oil Market was valued at USD 2.36 Billion in 2023 and is projected to reach USD 4.18 Billion by 2031, growing at a Compound Annual Growth Rate (CAGR) of 7.3% during the forecast period (2024–2031). This robust expansion is being driven by escalating consumer interest in ketogenic and low-carb diets, the booming functional food and beverage sector, and growing clinical recognition of MCTs’ health benefits for cognitive function and energy metabolism.

As the wellness industry embraces specialized nutritional solutions, the focus intensifies on the key producers and suppliers who are advancing product quality, sustainability, and application diversity. In this blog, we profile the Top 10 Companies in the Medium Chain Triglyceride (MCT) Oil Industry—a blend of oleochemical majors, specialty ingredient producers, and nutrition science pioneers shaping the future of this dynamic market.

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🔟 1. Musim Mas Holdings

Headquarters: Singapore
Key Offering: Palm-based MCT Oils, Sustainable Palm Kernel Oil derivatives

Musim Mas Holdings is one of the world’s largest integrated palm oil companies and a significant producer of MCT oils derived from sustainable palm kernel oil. The group’s vertically integrated operations, from plantations to refining, ensure a consistent and high-quality supply for the global nutrition market.

Sustainability & Innovation Initiatives:

• Commitment to 100% RSPO (Roundtable on Sustainable Palm Oil) certified supply chain
• Investment in advanced fractionation technology for high-purity MCTs
• Development of customized MCT solutions for specific nutritional applications

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

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9️⃣ 2. IOI Oleo

Headquarters: Kuala Lumpur, Malaysia
Key Offering: Betrimex® MCT Oils (Palm and Coconut sourced)

IOI Oleo, a division of IOI Corporation Berhad, is a leading global producer of oleochemicals and specialty fats. Its Betrimex® range of MCT oils is widely used in dietary supplements, medical nutrition, and functional foods, recognized for its high quality and purity standards.

Sustainability & Innovation Initiatives:

• Pioneer in sustainable palm oil traceability and certification
• Focus on MCT applications in sports nutrition and clinical diets
• Strategic partnerships with global food and pharmaceutical companies

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8️⃣ 3. KLK OLEO

Headquarters: Kuala Lumpur, Malaysia
Key Offering: Palm kernel oil-based MCTs, Customized lipid solutions

KLK OLEO is a key player in the oleochemical industry, offering a diverse portfolio that includes high-grade MCT oils. The company’s strong R&D focus drives the development of innovative lipid-based ingredients for health and wellness applications worldwide.

Sustainability & Innovation Initiatives:

• Comprehensive sustainability policy aligned with UN Sustainable Development Goals
• Expansion of production capacity to meet growing global demand
• Development of odorless and tasteless MCT variants for sensitive applications

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7️⃣ 4. Nisshin OilliO Group

Headquarters: Tokyo, Japan
Key Offering: Panatex® MCT Oils (Coconut and Palm sourced)

Nisshin OilliO Group is a leading Japanese edible oil and fat company with a strong presence in the MCT market through its Panatex® brand. The company has deep expertise in lipid nutrition and supplies MCT oils for pharmaceutical, supplement, and food industries across Asia and beyond.

Sustainability & Innovation Initiatives:

• Long-standing research into the health benefits of MCTs
• Focus on product development for aging populations and metabolic health
• Commitment to sustainable sourcing and environmental stewardship

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

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6️⃣ 5. Kao Corporation

Headquarters: Tokyo, Japan
Key Offering: MCT oils for cosmetics and nutritional applications

Kao Corporation is a diversified chemical company with a significant specialty chemicals division that produces MCT oils. Leveraging its expertise in both personal care and health sciences, Kao offers high-purity MCTs for a wide range of applications, from skin care emollients to energy-boosting supplements.

Sustainability & Innovation Initiatives:

• Integration of MCT oils into its own branded health supplement products
• Research on the topical benefits of MCTs in cosmetic formulations
• Commitment to the Kirei Lifestyle Plan for sustainable value creation

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5️⃣ 6. Wilmar International

Headquarters: Singapore
Key Offering: Palm-based MCT Oils, Specialty fats and oleochemicals

Wilmar International, one of the world’s largest agribusiness groups, is a major producer of MCT oils through its extensive palm oil processing operations. The company’s scale and integration allow it to serve high-volume markets in food, nutrition, and industrial applications.

Sustainability & Innovation Initiatives:

• No Deforestation, No Peat, No Exploitation (NDPE) policy implementation
• Investment in renewable chemicals and biofuels derived from palm oil
• Supply chain transparency and traceability initiatives

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4️⃣ 7. BASF

Headquarters: Ludwigshafen, Germany
Key Offering: MCT oils for pharmaceutical and nutritional use

BASF’s Nutrition & Health division is a leading supplier of high-quality ingredients, including MCT oils, for the human nutrition industry. The company’s focus on science-backed solutions and regulatory compliance makes it a preferred partner for pharmaceutical and premium supplement brands.

Sustainability & Innovation Initiatives:

• Strong emphasis on product safety, quality, and scientific validation
• Development of MCT-based delivery systems for lipid-soluble actives
• Commitment to carbon-neutral growth and sustainable sourcing

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3️⃣ 8. Croda International Plc

Headquarters: Snaith, United Kingdom
Key Offering: High-purity MCTs for Pharma and Nutrition (Crodamol™ GTCC)

Croda is a global specialty chemicals company renowned for its innovative ingredients. Its Crodamol™ GTCC (Glyceryl Tricaprylate/Caprate) is a highly refined MCT oil widely used as a carrier oil in pharmaceutical formulations, softgel capsules, and high-end dietary supplements.

Sustainability & Innovation Initiatives:

• Leader in bio-based and renewable ingredient technologies
• Focus on MCTs for enhancing bioavailability of pharmaceuticals
• Ambitious 2030 sustainability targets including Climate, Land, and People Positive goals

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2️⃣ 9. ABITEC Corporation

Headquarters: Columbus, Ohio, USA
Key Offering: Captex® MCT Oils (Pharmaceutical and Nutritional Grade)

ABITEC Corporation, a part of ABF Ingredients, is a leading specialist in lipid-based excipients and ingredients. Its Captex® brand of MCT oils is a gold standard in the pharmaceutical industry for drug delivery systems, parenteral nutrition, and high-performance nutritional products.

Sustainability & Innovation Initiatives:

• Extensive regulatory support and documentation for pharmaceutical applications
• Custom lipid formulation capabilities for complex delivery challenges
• Commitment to consistent quality and supply chain reliability

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1️⃣ 10. Stepan Company

Headquarters: Northfield, Illinois, USA
Key Offering: Neobee® MCT Oils (derived from coconut and palm kernel oil)

Stepan Company’s Specialty Products division is a key North American supplier of MCT oils under the Neobee® brand. With a history of innovation in surfactant and lipid chemistry, Stepan provides MCTs for food, nutritional, and personal care applications, emphasizing purity and performance.

Sustainability & Innovation Initiatives:

• Development of tailored MCT solutions for specific customer needs
• Investment in sustainable chemistry and green processes
• Strong focus on the North American nutritional supplements market

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

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

The Medium Chain Triglyceride oil market is experiencing a paradigm shift. While traditional applications in supplements remain strong, the industry is rapidly expanding into new functional food and beverage categories, pharmaceutical delivery systems, and even cosmetic formulations, driven by deeper scientific understanding and consumer demand for health-enhancing ingredients.

📈 Key Trends Shaping the Market:

• Rising demand for plant-based, keto-friendly, and low-carbohydrate food products
• Increased use of MCTs in medical nutrition for conditions like epilepsy and Alzheimer’s
• Growth in the sports nutrition sector, leveraging MCTs for rapid energy without fat storage
• Expansion of MCT applications into premium cosmetic and personal care products for their emollient properties

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

The companies listed above are not only supplying a vital nutritional ingredient—they are at the forefront of integrating scientific innovation and sustainable practices to fuel the next generation of health and wellness products.