Myristic Acid Market

Myristic Acid Market: Global Industry Trend Analysis 2012 to 2017 and Forecast 2017 - 2025

ID: PMRREP19492

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Author : Amol Patil

Myristic Acid Market Introduction

Myristic Acid is a common natural organic saturated fatty acid which is found in plants and animals sources such as nutmeg, coconut oil, palm oil, butter fat, and spermacetin, the oil obtained from the sperm whale. The acid is named after the botanical name of nutmeg which is Myristica fragrans.

It is proven to be very much effective in helping with fat metabolism and weight loss along with improving brain and nerve quality. It also helps in anti-aging and can be used for the supplementation process. Myristic acid is used for making flavors, fragrances, soaps, and cosmetics. It is very much useful if not consumed in excessive quantities, as an overdose of myristic acid can lead to poisoning and serious side-effects.

Myristic Acid Market Key Players

Owing to the benefits of Myristic Acid, several producers and players in the market are moving forward to manufacture and supply it. Some of the key players are Axaria Europe S.L., H Foster & Co Ltd., Natural Health Enterprises, VVF L.L.C., MONACHEM, Pacific Oleochemicals Sdn Bhd., Paras Polymer & Chemicals, Sigma-Aldrich Co. LLC., and others.

The report covers exhaustive analysis on:

  • Myristic Acid Market Segments
  • Myristic Acid Market Dynamics
  • Myristic Acid Market Size, 2015 - 2016
  • Myristic Acid Market Size & Forecast 2017 to 2025
  • Supply & Demand Value Chain
  • Myristic Acid Market Current Trends/Issues/Challenges
  • Competition & Companies involved
  • Technology
  • Value Chain
  • Myristic Acid Market Drivers and Restraints

Regional analysis for Myristic Acid Market includes:

  • North America
  • Latin America
  • Europe
  • Asia Pacific
  • The Middle East and Africa

Report Highlights:

  • Shifting Industry dynamics
  • In-depth market segmentation
  • Historical, current and projected industry size Recent industry trends
  • Key Competition landscape
  • Strategies of key players and product offerings
  • Potential and niche segments/regions exhibiting promising growth
  • A neutral perspective towards market performance
Myristic Acid Market Segmentation

The Myristic Acid market can be segmented on the basis of source, end-use industry, and region.

By source, the myristic acid market can be segmented into plant and animal-based products. The plant-based products can be further sub-segmented into coconut oil, palm oil, nutmeg butter. The animal-based products can be further sub-segmented into sperm whale oil, animal fats such as meat, eggs, fish, shellfish, crustaceans, and others. Among these, the most used source for the myristic acid are the plant-based products, nutmeg butter being the richest one.

By end-use industry, the myristic acid market can be segmented into food and beverage industry, cosmetic industry, and industrial applications. In the food and beverage industry, the myristic acid is used as a flavor ingredient and emulsifier. In the cosmetics industry, myristic acid is used in the form of the ester isopropyl myristate for the manufacture of soaps, lotions, creams, shaving creams, and cleansers. The myristic acid in the industrial application is used as an opacifying agent, surfactant and cleansing agent.

By region, the myristic acid can be divided into five different regions which include North America, Latin America, Europe, Asia Pacific, Middle East and Africa. Among these, the highest production and consumption capacity of myristic acid is in Europe followed by North America, Asia Pacific, Latin America, Middle East and Africa.

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