- MCT Oil Growth: The MCT oil market is rapidly expanding, particularly in Asia-Pacific, with a projected value of USD 1.034 billion by 2026.
- Verbio SE Expansion: Verbio SE is enhancing its Indiana plant to boost bioethanol and biomethane production, reinforcing its sustainable energy efforts.
- EU Russian LNG Sanctions: The EU is advancing new sanctions targeting Russian LNG exports, aiming to finalize these before July.
Hello Partners!
Welcome back to our Newsletter!
This week we look at the growing markets for MCT Oil, Coenzyme Q10 and L-Citrulline, which are becoming increasingly popular in various health and beauty industries. In the news: Verbio SE is expanding its South Bend plant to increase bioethanol and biomethane production, and EU countries are working on new sanctions to restrict Russian LNG exports.
Let’s take a look at what else is happening on the market!
Products of the Week!
MCT Oil
The market for MCT (medium chain triglycerides) oil is growing rapidly and is expected to reach USD 1.034 billion by 2026, growing at a CAGR of 6.3%. The largest growth is seen in Asia-Pacific, where demand for cosmetics, personal care products and food and beverages is increasing rapidly. The market is also strong in North America, driven by interest in dietary supplements and natural products. Innovations and new products coming onto the market can lead to price increases.
Coenzym Q10
Coenzym Q10 (CoQ10), which is valued for its antioxidant properties and its ability to support energy production, is becoming increasingly popular as an ingredient in dietary supplements and anti-aging cosmetics. Significantly increased awareness of the health benefits of CoQ10 is driving rapid market growth. Advances in manufacturing technology are increasing the efficacy and availability of this ingredient, but rising demand in both the dietary supplement and cosmetic segments is contributing to higher prices.
L-Citrulline
L-citrulline, which is popular in pre-workout supplements, is growing in popularity thanks to its blood circulation-boosting and blood pressure-lowering properties. The market for this compound is forecast to reach USD 0.2 billion by 2032, with annual growth of 5.2%. Rising incomes and demand for functional foods, dietary supplements and pharmaceuticals are
NEWS
Verbio SE expands plant in South Bend for Bioethanol and Biomethane
Verbio SE, a leader in renewable energy, initiated the expansion of its ethanol plant in South Bend, Indiana, acquired in 2023. The groundbreaking event held on May 23, 2024, marked the transformation of the facility into an innovative biorefinery, integrating bioethanol and biomethane production. Upon completion in 2026, the expanded plant aims to produce over 250,000 tonnes of bioethanol and 850,000 MWh of biomethane annually. This move underscores Verbio’s commitment to sustainable energy solutions in the USA, creating job opportunities and bolstering the local economy.
EU plans new sanctions against Russian LNG exports
EU countries are working on new sanctions against Russia, focusing for the first time on restricting Russian liquefied natural gas exports. Despite broad support, countries such as Belgium, Germany and France want to assess the economic impact. The diplomats want to finalize the 14th sanctions package before the Hungarian EU Council Presidency in July, fearing possible opposition from Hungarian Prime Minister Viktor Orban. The EU, facing the challenge of reducing Russian revenues, is also debating the accountability of EU companies to their distributors in third countries and the alignment of pre-invasion sanctions against Belarus with Russian sanctions, considering temporary exemptions for Belarusian potash exports.
