A myristic acid is a fatty acid that occurs naturally in foods as a flavor ingredients. Purified myristic acid appears to be white, yellow-white, hard, glossy, and crystalline solid. The free fatty acids, mainly myristic acid is present at maximum concentration of 1.5% with no known diluents, solvents or additives present. It is used as a wax base in pharmaceutical preparations. It is soft wax that melts at body temperature, and imparts a velvety texture that is persist after the rest of the formulation's ingredients are rinsed off. Surplus of Myristyl Myristate (3.5%) in some soap formulations results in pearl effects. Spreadability of emulsion makeups is improved at extremely low values (0.5–1%). The use of 1-1.5% in hand and body lotions imparts a richness which is comparable to the oil phase, reducing the watery sensation of these products. Myristic acid salts (calcium Myristate, Magnesium Myristate, Potassium Myristate, Sodium Myristate, and Zinc Myristate) include Aluminium Dimyristate, Aluminium Isostearates /Myristate, Aluminium Myristate, and Aluminium Myristate / Palmitate), and the esters of Myristic Acid such as (Butyl Myristate, Cetyl Myristate, Decyl Myristate, Ethylhexyl Myristate, Ethyl Myristate, Glyceryl Dimyristate, Glyceryl Isostearate / Myristate, Glyceryl Myristate, Isobutyl Myristate, Isocetyl Myristate, Isodecyl Myristate, Isopropyl Myristate, Isostearyl Myristate, Isotridecyl Myristate, Lauryl Myristate, Methyl Myristate, Myristyl Myristate, Octyldodecyl Myristate, Oleyl Myristate, Propylene Glycol Myristate, Tetradecyloctadecyl Myristate, Tridecyl Myristate) that can be used in cosmetics and personal care products. Myristic acid, its salts and esters are used in eye makeup, soaps and detergents, hair care products, nail care products, shaving products, and other skin care products. The methyl myristate can be used in skin conditioning agents. The other usage of methyl myristate include in the chemical industry in production of oil and grease used in automotive industry.

Market Dynamics

Methyl myristate is an organic substance and it is mono-consistent substance by composition. It is in solid or liquid state depends on ambient temperature, and it has its melting point of 19 °C. The production of methyl myristate is in closed process without likelihood of exposure or processes with an equivalent containment conditions. Methyl myristate is generally used in cosmetics, chemical, personal care products such as lotions, oils, powder, creams, makeup remover, perfumes, hair conditioners, and others.

Key features of the study:

• This report provides an in-depth analysis of the global methyl myristate market, its market size and compound annual growth rate for the forecast period (2023-2030), considering 2022 as the base year
• It elucidates potential revenue opportunity across different segments and explains an attractive investment proposition matrix for this market
• This study also provides key insights about market drivers, restraints, opportunities, new material type launches or approvals, regional outlook, and competitive strategies adopted by key players
• It profiles key players in the global methyl myristate market based on the following parameters – company overview, financial performance, product portfolio, geographical presence, distribution strategies, key developments and strategies, and future plans
• Key companies covered as a part of this study include Procter & Gamble (P&G) Chemicals, CREMER, Wilmar, VVF Ltd., KLK OLEO, Inoue Perfumery MFG, Wuhan Yuancheng Gongchuang, Changsha Jianglong Chemicals, and Godrej Industries.
• Insights from this report would allow marketers and management authorities of companies to make an informed decision regarding future product launches, technology up-gradation, market expansion, and marketing tactics
• Global methyl myristate market report caters to various stakeholders in this industry including investors, suppliers, distributors, new entrants, and financial analysts.
• Stakeholders would have ease in decision-making through various strategy matrices used in analyzing the global methyl myristate market

Detailed Segmentation:

• Global Methyl Myristate Market, By Types:
  • Industrial Grade
  • Food Grade
  • Cosmetics Grade
  • Others
• Global Methyl Myristate Market, By Application:
  • Personal Care & Cosmetics
  • Food
  • Lubricant & Additives
  • Others
• Global Methyl Myristate Market, By Region:
  • North America
    • By Country:
      • U.S.
      • Canada
  • Europe
    • By Country:
      • U.K.
      • Germany
      • France
      • Italy
      • Spain
      • Russia
      • Rest of Europe
  • Asia Pacific
    • By Country:
      • China
      • India
      • Japan
      • South Korea
      • ASEAN
      • Australia
      • Rest of Asia Pacific
  • Latin America
    • By Country:
      • Brazil
      • Argentina
      • Mexico
      • Rest of Latin America
  • Middle East & Africa
    • By Country:
      • GCC Countries
      • Israel
      • Rest of Middle East
      • South Africa
      • North Africa
      • Central Africa
• Company Profiles
  • Procter & Gamble (P&G) Chemicals*
    • Company Overview
    • Product Portfolio
    • Financial Performance
    • Key Strategies
    • Recent Developments
    • Future Plans
  • CREMER
  • Wilmar
  • VVF Ltd.
  • KLK OLEO
  • Inoue Perfumery MFG
  • Wuhan Yuancheng Gongchuang
  • Changsha Jianglong Chemicals
  • Godrej Industries

 “*” marked represents similar segmentation in other categories in the respective section.