The new report by Expert Market Research titled, ‘Global Myristic Acid Market Size, Share, Price, Trends, Growth, Report and Forecast 2021-2026’, gives an in-depth analysis of the global myristic acid market, assessing the market based on its segments like sources, applications, end uses, and major regions.
The report tracks the latest trends in the industry and studies their impact on the overall market. It also assesses the market dynamics, covering the key demand and price indicators, along with analyzing the market based on the SWOT and Porter’s Five Forces models.
Get a Free Sample Report with Table of Contents – https://www.expertmarketresearch.com/reports/myristic-acid-market/requestsample
The key highlights of the report include:
Market Overview (2016-2026)
• Forecast CAGR (2021-2026): 5% (Global Natural Fatty Acid Market)
The major factor contributing to the growth of the myristic acid market is the increasing interest in flavours in convenience food. The expansion of exotic and spicy flavors in the existing product portfolio by major manufacturers is also giving a boost to the market. It is proven to be very effective in helping with fat metabolism and weight loss, along with improving brain and nerve quality. It also helps in anti-ageing and can be used for the supplementation process.
Read Full Report with Table of Contents – https://www.expertmarketresearch.com/reports/myristic-acid-market
Industry Definition and Major Segments
Myristic acid is a common, natural, organic, and saturated fatty acid that is found in plants and animal sources, such as nutmeg, coconut oil, palm oil, butterfat, and spermaceti, the oil obtained from the sperm whale. It is named after the binomial name for nutmeg, from which it was first isolated in 1841 by Lyon Playfair. It is also used for making flavours, fragrances, soaps, and cosmetics.
The market on the basis of sources can be divided into:
• Plant Based
• Animal Based
On the basis of applications, the market is divided into:
• Food Additive
• Surfactant
• Opacifying Agent
• Emollient
• Cleansing Agent
• Others
Based on end use, the industry is segmented into:
• Food and Beverage
• Cosmetic and Personal Care
• Others
The regional markets for myristic acid include:
• North America
• Europe
• Asia Pacific
• Latin America
• Middle East and Africa
Market Trends
The increased demand for exotic and spicy food is likely to propel the growth in the market in the forecast period. Due to its numerous uses, such as helping with fat metabolism and weight loss, along with improving brain and nerve quality, the market demand is expected to grow in the forecast period. The plant-based source for myristic acid would be the most used segment and would further the growth of the market in the upcoming period.
Key Market Players
The major players in the market are Axaria Europe S.L., Mosselman S.A., Godrej Industries (NSE: GODREJIND), Cremer Oleo GmbH & Co. KG, Central Drug House (P) Ltd., and others. The report covers the market shares, capacities, plant turnarounds, expansions, investments and mergers and acquisitions, among other latest developments of these market players.
Related Reports:
Diatomite Market: https://www.expertmarketresearch.com/reports/diatomite-market
Erucic Acid Market: https://www.expertmarketresearch.com/reports/erucic-acid-market
Magnesium Lactate Market: https://www.expertmarketresearch.com/reports/magnesium-lactate-market
Black Fungus Extract Market: https://www.expertmarketresearch.com/reports/black-fungus-extract-market
Water Clarifiers Market: https://www.expertmarketresearch.com/reports/water-clarifiers-market
About Us:
Expert Market Research (EMR) is leading market research company with clients across the globe. Through comprehensive data collection and skilful analysis and interpretation of data, the company offers its clients extensive, latest and actionable market intelligence which enables them to make informed and intelligent decisions and strengthen their position in the market. The clientele ranges from Fortune 1000 companies to small and medium scale enterprises.
EMR customizes syndicated reports according to clients’ requirements and expectations. The company is active across over 15 prominent industry domains, including food and beverages, chemicals and materials, technology and media, consumer goods, packaging, agriculture, and pharmaceuticals, among others.
Over 3000 EMR consultants and more than 100 analysts work very hard to ensure that clients get only the most updated, relevant, accurate and actionable industry intelligence so that they may formulate informed, effective and intelligent business strategies and ensure their leadership in the market.
Media Contact
Company Name: Expert Market Research
Contact Person: Steven Luke, Corporate Sales Specialist – U.S.A.
Email: sales@expertmarketresearch.com
Toll Free Number: +1-415-325-5166 | +44-702-402-5790
Address: 30 North Gould Street, Sheridan, WY 82801, USA
Website: https://www.expertmarketresearch.com