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Report Overview
The global myristic acid market is being driven by the growth of the natural fatty acid market. The natural fatty acid market is expected to grow at a CAGR of 5.00% in the forecast period of 2025-2034.
2024
Base Year
2018-2024
Historical Year
2025-2034
Forecast Year
Compound Annual Growth Rate
Value in USD Billion
5%
2025-2034
Myristic Acid Market Outlook
*this image is indicative*
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| Global Myristic Acid Market Report Summary | Description | Value |
| Base Year | USD Billion | 2024 |
| Historical period | USD Billion | 2018-2024 |
| Forecast Period | USD Billion | 2025-2034 |
| Market Size 2024 | USD Billion | XX |
| Market Size 2034 | USD Billion | XX |
| CAGR 2018-2024 | Percentage | XX% |
| CAGR 2025-2034 | Percentage | 5.00% |
| CAGR 2025-2034 - Market by Region | Asia Pacific | 6.1% |
| CAGR 2025-2034 - Market by Country | India | 6.2% |
| CAGR 2025-2034 - Market by Country | China | 5.8% |
| CAGR 2025-2034 - Market by Source | Plant Based | 5.6% |
| CAGR 2025-2034 - Market by End Use | Food and Beverage | 5.2% |
| Market Share by Country 2024 | UK | 5.5% |
Growing Demand for Myristic Acid from Major End Use Sectors to Augment the Market Growth
The growing utilisation of myristic acid as a flavouring agent and emulsifier in the food and beverage industry is significantly contributing to the industry growth. The growing demand for processed food products is further driving the demand for food additives, thus, boosting the demand for myristic acid. Further, its growing application as an emollient in the cosmetic industry to produce soaps, lotions, shaving creams, and others is also aiding the industry growth. The other industrial applications of the product include its use as an opacifying agent, surfactant, and cleansing agent.
Region-wise, Europe is expected to account for a significant share in the industry owing to the growing preference for natural ingredients in food and beverages, and cosmetic and personal care products. The growing demand for cruelty-free products in the region is expected to aid the growth of the regional industry.
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Myristic Acid: Market Segmentation
Myristic acid, also known as tetradecanoic acid, is a common saturated fatty acid with a 14-carbon backbone. It is represented by the formula CH3(CH2)12COOH, and the salts and esters of myristic acid are commonly referred to as myristates or tetradecanoates. It is naturally found in nutmeg, palm kernel oil, coconut oil, butterfat, and animal fats, among others.
The various sources of myristic acid are:
- Plant Based
- Animal Based
Based on application, the industry can be segmented into:
- Food Additive
- Surfactant
- Opacifying Agent
- Emollient
- Cleansing Agent
- Emulsifier
- Others
The various end use sectors of the product include:
- Food and Beverage
- Cosmetic and Personal Care
- Others
The regional markets for the product include:
- North America
- Europe
- Asia Pacific
- Latin America
- Middle East and Africa
| CAGR 2025-2034 - Market by | Source |
| Plant Based | 5.6% |
| Animal Based | XX% |
| CAGR 2025-2034 - Market by | End Use |
| Food and Beverage | 5.2% |
| Cosmetic and Personal Care | XX% |
| Others | XX% |
| CAGR 2025-2034 - Market by | Region |
| Asia Pacific | 6.1% |
| North America | 4.7% |
| Europe | XX% |
| Latin America | XX% |
| Middle East and Africa | XX% |
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Purchase the Regional Overview for
USD 1099
If you choose to purchase the full report at a later stage, the amount already paid will be adjusted, and you will only need to pay the remaining balance.
Purchase the Regional Overview for
USD 1099
If you choose to purchase the full report at a later stage, the amount already paid will be adjusted, and you will only need to pay the remaining balance.
Purchase the Regional Overview for
USD 1099
If you choose to purchase the full report at a later stage, the amount already paid will be adjusted, and you will only need to pay the remaining balance.
| CAGR 2025-2034 - Market by | Country |
| India | 6.2% |
| China | 5.8% |
| USA | 4.6% |
| Germany | 4.2% |
| Australia | 4.0% |
| Canada | XX% |
| UK | XX% |
| France | XX% |
| Italy | 3.9% |
| Japan | XX% |
| Saudi Arabia | XX% |
| Brazil | XX% |
| Mexico | XX% |
Growing Demand for Plant Based and Organic Products to Boost the Demand for Myristic Acid
The growing health awareness among consumers and increasing preference for products with natural ingredients are driving the growth of the myristic acid industry. The busy lifestyle and changing dietary habits have resulted in the increased consumption of processed foods while the growing focus on appearance and grooming is leading to the rise in sales of cosmetic and personal care products. The favourable properties of the product and its natural origin are driving the demand for myristic acid in food and cosmetic industries for various applications. Further, the growing demand for plant based and organic products is expected to drive the demand for organically sourced myristic acid. The escalating consumer disposable incomes and improving standards of living are further contributing to the industry growth. However, the excessive use of myristic acid is associated with various side effects, which may restrain the growth of the industry over the forecast period.
| 2024 Market Share by | Country |
| UK | 5.5% |
| USA | XX% |
| Canada | XX% |
Key Industry Players in the Global Myristic Acid Market
The report gives a detailed analysis of the following key players in the global myristic acid market, covering their competitive landscape, capacity, and latest developments like mergers, acquisitions, and investments, expansions of capacity, and plant turnarounds:
- Axaria Europe S.L.
- Mosselman S.A.
- Godrej Industries
- Cremer Oleo GmbH & Co. KG
- Central Drug House (P) Ltd.
- Others
The comprehensive EMR report provides an in-depth assessment of the market based on the Porter's five forces model along with giving a SWOT analysis.
*While we strive to always give you current and accurate information, the numbers depicted on the website are indicative and may differ from the actual numbers in the main report. At Expert Market Research, we aim to bring you the latest insights and trends in the market. Using our analyses and forecasts, stakeholders can understand the market dynamics, navigate challenges, and capitalize on opportunities to make data-driven strategic decisions.*
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Key Questions Answered in the Report
The global myristic acid market is projected to grow at a CAGR of 5.00% between 2025 and 2034.
The major drivers of the industry, such as rising disposable incomes, increasing population, growing utilisation of myristic acid as a flavouring agent and emulsifier in the food and beverages, rising demand for processed food products, increasing application of the product as an emollient in the cosmetic, busy lifestyles, changing dietary, rising preference for natural ingredients, and enhancing standards of living, are expected to aid the market growth.
The key trends guiding the growth of the market include the rising demand for cruelty free products and increasing demand for plant based and organic products.
The major regions in the industry are North America, Latin America, the Middle East and Africa, Europe, and the Asia Pacific.
The leading sources of myristic acid in the market are plant based and animal based.
The major application segments in the market are food additive, surfactant, opacifying agent, emollient, cleansing agent, and emulsifier, among others.
The significant end use sectors in the industry are food and beverage and cosmetic and personal care, among others.
The major players in the industry are Axaria Europe S.L., Mosselman S.A., Godrej Industries, Cremer Oleo GmbH & Co. KG, and Central Drug House (P) Ltd., among others.
Report Summary
Explore our key highlights of the report and gain a concise overview of key findings, trends, and actionable insights that will empower your strategic decisions.
| REPORT FEATURES | DETAILS |
| Base Year | 2024 |
| Historical Period | 2018-2024 |
| Forecast Period | 2025-2034 |
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Historical and Forecast Trends, Industry Drivers and Constraints, Historical and Forecast Market Analysis by Segment:
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| Breakup by Source |
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