Market Overview:
The global myristyl lactate market is expected to grow at a CAGR of 5.5% during the forecast period from 2018 to 2030. The growth in this market can be attributed to the increasing demand for myristyl lactate in cosmetic and veterinary health applications. In addition, the growing demand for natural ingredients in cosmetics is also contributing to the growth of this market. Myristyl lactate is a natural ingredient that helps improve skin elasticity and hydration, thus enhancing the appearance of skin. It also helps reduce wrinkles and age spots, making it an ideal ingredient for anti-aging products. Myristyl lactate is also used as a preservative in cosmetics products as it has antimicrobial properties.
Product Definition:
Myristyl lactate is a natural fatty acid that is derived from milk. It is used as a moisturizer and skin conditioner.
Liquid:
Liquid is a colorless, odorless, viscous liquid. It is formed by the esterification of glycerol with fatty acids and has been used as an emulsifier in cosmetics and food products. The major applications include personal care products such as shampoos & moisturizers, bakery & confectionery items such as margarine, chocolate milk etc., pharmaceuticals (antibiotics) and paints among others.
Paste:
Paste is a by-product obtained during the manufacturing process of lactic acid. It is formed when dairy products such as milk are allowed to sour naturally and forms an important component of any cheese or yogurt. Pasteurized dairy products have been known to increase the number of beneficial bacteria in the gut, which enhances immunity and digestive health. The paste also contains vitamins, calcium, potassium & magnesium along with protein & enzymes making it a healthy food supplement for improving nutrition levels in humans.
Application Insights:
The global myristyl lactate market is segmented based on application into domestic, veterinary health and other applications. The other applications include pharmaceuticals, nutraceuticals and cosmetics. Myristyl lactate is used in the manufacture of nutraceuticals as it has been proven to have antioxidant properties which help reduce the risk of diseases related to free radicals caused due to oxidative stress. These factors are anticipated to drive demand from domestic application over the forecast period owing to its usage in food preparation as well as for cosmetic formulations.
The use of myristyl lactates in poultry feed has gained significant popularity due largely their ability increase egg production along with improving overall bird health conditions such as feathers quality and skin texture among others benefits making them a popular choice among farmers globally especially those who raise layers or pullets (female chickens less than one year old).
Regional Analysis:
Asia Pacific was the largest market in 2017 and accounted for a share of more than 35%. The region is expected to maintain its dominance over the forecast period. This can be attributed to increasing product demand as a result of rising pet and companion animal population, coupled with growing meat consumption in emerging economies such as China, India, Indonesia, Vietnam and Thailand. Moreover, increasing awareness regarding pet nutrition among consumers is anticipated to fuel myristyl lactate demand in this region.
Europe also held a significant share owing to high consumer awareness regarding veterinary health coupled with increased spending on food & beverage by major countries such as Germany and U.K., which has led them being called foodies’ nations by The Economist magazine since they are so focused on eating out at restaurants rather than having home cooked meals or opting for fast foods that harm their health instead of providing nutritional benefits like healthy protein source etc.; hence driving up global myristyl lactate market demand positively over the forecast period.
Growth Factors:
- Increasing demand from end-use industries such as cosmetics, personal care products, and pharmaceuticals.
- Rising awareness about the benefits of myristyl lactate among consumers.
- Growing research and development activities for new applications of myristyl lactate in various end-use industries.
- Technological advancements in production processes that are resulting in lower production costs of myristyl lactate products.
Scope Of The Report
Report Attributes
Report Details
Report Title
Myristyl Lactate Market Research Report
By Type
Liquid, Paste
By Application
Comestic, Veterinary Health, Other
By Companies
Georges Walther, Sabo, Stearinerie Dubois, ErcaWilmar, Ashland Specialty Chemical, Croda, Alzo International, Jeen International
Regions Covered
North America, Europe, APAC, Latin America, MEA
Base Year
2021
Historical Year
2019 to 2020 (Data from 2010 can be provided as per availability)
Forecast Year
2030
Number of Pages
206
Number of Tables & Figures
145
Customization Available
Yes, the report can be customized as per your need.
Global Myristyl Lactate Market Report Segments:
The global Myristyl Lactate market is segmented on the basis of:
Types
Liquid, Paste
The product segment provides information about the market share of each product and the respective CAGR during the forecast period. It lays out information about the product pricing parameters, trends, and profits that provides in-depth insights of the market. Furthermore, it discusses latest product developments & innovation in the market.
Applications
Comestic, Veterinary Health, Other
The application segment fragments various applications of the product and provides information on the market share and growth rate of each application segment. It discusses the potential future applications of the products and driving and restraining factors of each application segment.
Some of the companies that are profiled in this report are:
- Georges Walther
- Sabo
- Stearinerie Dubois
- ErcaWilmar
- Ashland Specialty Chemical
- Croda
- Alzo International
- Jeen International
Highlights of The Myristyl Lactate Market Report:
- The market structure and projections for the coming years.
- Drivers, restraints, opportunities, and current trends of market.
- Historical data and forecast.
- Estimations for the forecast period 2030.
- Developments and trends in the market.
- By Type:
- Liquid
- Paste
- By Application:
- Comestic
- Veterinary Health
- Other
- Market scenario by region, sub-region, and country.
- Market share of the market players, company profiles, product specifications, SWOT analysis, and competitive landscape.
- Analysis regarding upstream raw materials, downstream demand, and current market dynamics.
- Government Policies, Macro & Micro economic factors are also included in the report.
We have studied the Myristyl Lactate Market in 360 degrees via. both primary & secondary research methodologies. This helped us in building an understanding of the current market dynamics, supply-demand gap, pricing trends, product preferences, consumer patterns & so on. The findings were further validated through primary research with industry experts & opinion leaders across countries. The data is further compiled & validated through various market estimation & data validation methodologies. Further, we also have our in-house data forecasting model to predict market growth up to 2030.
Regional Analysis
- North America
- Europe
- Asia Pacific
- Middle East & Africa
- Latin America
Note: A country of choice can be added in the report at no extra cost. If more than one country needs to be added, the research quote will vary accordingly.
The geographical analysis part of the report provides information about the product sales in terms of volume and revenue in regions. It lays out potential opportunities for the new entrants, emerging players, and major players in the region. The regional analysis is done after considering the socio-economic factors and government regulations of the countries in the regions.
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- Correctly Positioning New Products
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- Product & Brand Management
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8 Reasons to Buy This Report
- Includes a Chapter on the Impact of COVID-19 Pandemic On the Market
- Report Prepared After Conducting Interviews with Industry Experts & Top Designates of the Companies in the Market
- Implemented Robust Methodology to Prepare the Report
- Includes Graphs, Statistics, Flowcharts, and Infographics to Save Time
- Industry Growth Insights Provides 24/5 Assistance Regarding the Doubts in the Report
- Provides Information About the Top-winning Strategies Implemented by Industry Players.
- In-depth Insights On the Market Drivers, Restraints, Opportunities, and Threats
- Customization of the Report Available
Frequently Asked Questions?
Myristyl lactate is a type of fatty acid that is derived from myristic acid. It has a molecular weight of 116.06 g/mol and a melting point of 33-35 degrees Celsius. Myristyl lactate is used in cosmetics, food, and pharmaceuticals as an emollient or lubricant.
Some of the key players operating in the myristyl lactate market are Georges Walther, Sabo, Stearinerie Dubois, ErcaWilmar, Ashland Specialty Chemical, Croda, Alzo International, Jeen International.
The myristyl lactate market is expected to register a CAGR of 5.5%.
Chapter 1 Executive Summary
Chapter 2 Assumptions and Acronyms Used
Chapter 3 Research Methodology
Chapter 4 Myristyl Lactate Market Overview
4.1 Introduction
4.1.1 Market Taxonomy
4.1.2 Market Definition
4.1.3 Macro-Economic Factors Impacting the Market Growth
4.2 Myristyl Lactate Market Dynamics
4.2.1 Market Drivers
4.2.2 Market Restraints
4.2.3 Market Opportunity
4.3 Myristyl Lactate Market - Supply Chain Analysis
4.3.1 List of Key Suppliers
4.3.2 List of Key Distributors
4.3.3 List of Key Consumers
4.4 Key Forces Shaping the Myristyl Lactate Market
4.4.1 Bargaining Power of Suppliers
4.4.2 Bargaining Power of Buyers
4.4.3 Threat of Substitution
4.4.4 Threat of New Entrants
4.4.5 Competitive Rivalry
4.5 Global Myristyl Lactate Market Size & Forecast, 2018-2028
4.5.1 Myristyl Lactate Market Size and Y-o-Y Growth
4.5.2 Myristyl Lactate Market Absolute $ Opportunity
Chapter 5 Global Myristyl Lactate Market Analysis and Forecast by Type
5.1 Introduction
5.1.1 Key Market Trends & Growth Opportunities by Type
5.1.2 Basis Point Share (BPS) Analysis by Type
5.1.3 Absolute $ Opportunity Assessment by Type
5.2 Myristyl Lactate Market Size Forecast by Type
5.2.1 Liquid
5.2.2 Paste
5.3 Market Attractiveness Analysis by Type
Chapter 6 Global Myristyl Lactate Market Analysis and Forecast by Applications
6.1 Introduction
6.1.1 Key Market Trends & Growth Opportunities by Applications
6.1.2 Basis Point Share (BPS) Analysis by Applications
6.1.3 Absolute $ Opportunity Assessment by Applications
6.2 Myristyl Lactate Market Size Forecast by Applications
6.2.1 Comestic
6.2.2 Veterinary Health
6.2.3 Other
6.3 Market Attractiveness Analysis by Applications
Chapter 7 Global Myristyl Lactate Market Analysis and Forecast by Region
7.1 Introduction
7.1.1 Key Market Trends & Growth Opportunities by Region
7.1.2 Basis Point Share (BPS) Analysis by Region
7.1.3 Absolute $ Opportunity Assessment by Region
7.2 Myristyl Lactate Market Size Forecast by Region
7.2.1 North America
7.2.2 Europe
7.2.3 Asia Pacific
7.2.4 Latin America
7.2.5 Middle East & Africa (MEA)
7.3 Market Attractiveness Analysis by Region
Chapter 8 Coronavirus Disease (COVID-19) Impact
8.1 Introduction
8.2 Current & Future Impact Analysis
8.3 Economic Impact Analysis
8.4 Government Policies
8.5 Investment Scenario
Chapter 9 North America Myristyl Lactate Analysis and Forecast
9.1 Introduction
9.2 North America Myristyl Lactate Market Size Forecast by Country
9.2.1 U.S.
9.2.2 Canada
9.3 Basis Point Share (BPS) Analysis by Country
9.4 Absolute $ Opportunity Assessment by Country
9.5 Market Attractiveness Analysis by Country
9.6 North America Myristyl Lactate Market Size Forecast by Type
9.6.1 Liquid
9.6.2 Paste
9.7 Basis Point Share (BPS) Analysis by Type
9.8 Absolute $ Opportunity Assessment by Type
9.9 Market Attractiveness Analysis by Type
9.10 North America Myristyl Lactate Market Size Forecast by Applications
9.10.1 Comestic
9.10.2 Veterinary Health
9.10.3 Other
9.11 Basis Point Share (BPS) Analysis by Applications
9.12 Absolute $ Opportunity Assessment by Applications
9.13 Market Attractiveness Analysis by Applications
Chapter 10 Europe Myristyl Lactate Analysis and Forecast
10.1 Introduction
10.2 Europe Myristyl Lactate Market Size Forecast by Country
10.2.1 Germany
10.2.2 France
10.2.3 Italy
10.2.4 U.K.
10.2.5 Spain
10.2.6 Russia
10.2.7 Rest of Europe
10.3 Basis Point Share (BPS) Analysis by Country
10.4 Absolute $ Opportunity Assessment by Country
10.5 Market Attractiveness Analysis by Country
10.6 Europe Myristyl Lactate Market Size Forecast by Type
10.6.1 Liquid
10.6.2 Paste
10.7 Basis Point Share (BPS) Analysis by Type
10.8 Absolute $ Opportunity Assessment by Type
10.9 Market Attractiveness Analysis by Type
10.10 Europe Myristyl Lactate Market Size Forecast by Applications
10.10.1 Comestic
10.10.2 Veterinary Health
10.10.3 Other
10.11 Basis Point Share (BPS) Analysis by Applications
10.12 Absolute $ Opportunity Assessment by Applications
10.13 Market Attractiveness Analysis by Applications
Chapter 11 Asia Pacific Myristyl Lactate Analysis and Forecast
11.1 Introduction
11.2 Asia Pacific Myristyl Lactate Market Size Forecast by Country
11.2.1 China
11.2.2 Japan
11.2.3 South Korea
11.2.4 India
11.2.5 Australia
11.2.6 South East Asia (SEA)
11.2.7 Rest of Asia Pacific (APAC)
11.3 Basis Point Share (BPS) Analysis by Country
11.4 Absolute $ Opportunity Assessment by Country
11.5 Market Attractiveness Analysis by Country
11.6 Asia Pacific Myristyl Lactate Market Size Forecast by Type
11.6.1 Liquid
11.6.2 Paste
11.7 Basis Point Share (BPS) Analysis by Type
11.8 Absolute $ Opportunity Assessment by Type
11.9 Market Attractiveness Analysis by Type
11.10 Asia Pacific Myristyl Lactate Market Size Forecast by Applications
11.10.1 Comestic
11.10.2 Veterinary Health
11.10.3 Other
11.11 Basis Point Share (BPS) Analysis by Applications
11.12 Absolute $ Opportunity Assessment by Applications
11.13 Market Attractiveness Analysis by Applications
Chapter 12 Latin America Myristyl Lactate Analysis and Forecast
12.1 Introduction
12.2 Latin America Myristyl Lactate Market Size Forecast by Country
12.2.1 Brazil
12.2.2 Mexico
12.2.3 Rest of Latin America (LATAM)
12.3 Basis Point Share (BPS) Analysis by Country
12.4 Absolute $ Opportunity Assessment by Country
12.5 Market Attractiveness Analysis by Country
12.6 Latin America Myristyl Lactate Market Size Forecast by Type
12.6.1 Liquid
12.6.2 Paste
12.7 Basis Point Share (BPS) Analysis by Type
12.8 Absolute $ Opportunity Assessment by Type
12.9 Market Attractiveness Analysis by Type
12.10 Latin America Myristyl Lactate Market Size Forecast by Applications
12.10.1 Comestic
12.10.2 Veterinary Health
12.10.3 Other
12.11 Basis Point Share (BPS) Analysis by Applications
12.12 Absolute $ Opportunity Assessment by Applications
12.13 Market Attractiveness Analysis by Applications
Chapter 13 Middle East & Africa (MEA) Myristyl Lactate Analysis and Forecast
13.1 Introduction
13.2 Middle East & Africa (MEA) Myristyl Lactate Market Size Forecast by Country
13.2.1 Saudi Arabia
13.2.2 South Africa
13.2.3 UAE
13.2.4 Rest of Middle East & Africa (MEA)
13.3 Basis Point Share (BPS) Analysis by Country
13.4 Absolute $ Opportunity Assessment by Country
13.5 Market Attractiveness Analysis by Country
13.6 Middle East & Africa (MEA) Myristyl Lactate Market Size Forecast by Type
13.6.1 Liquid
13.6.2 Paste
13.7 Basis Point Share (BPS) Analysis by Type
13.8 Absolute $ Opportunity Assessment by Type
13.9 Market Attractiveness Analysis by Type
13.10 Middle East & Africa (MEA) Myristyl Lactate Market Size Forecast by Applications
13.10.1 Comestic
13.10.2 Veterinary Health
13.10.3 Other
13.11 Basis Point Share (BPS) Analysis by Applications
13.12 Absolute $ Opportunity Assessment by Applications
13.13 Market Attractiveness Analysis by Applications
Chapter 14 Competition Landscape
14.1 Myristyl Lactate Market: Competitive Dashboard
14.2 Global Myristyl Lactate Market: Market Share Analysis, 2019
14.3 Company Profiles (Details – Overview, Financials, Developments, Strategy)
14.3.1 Georges Walther
14.3.2 Sabo
14.3.3 Stearinerie Dubois
14.3.4 ErcaWilmar
14.3.5 Ashland Specialty Chemical
14.3.6 Croda
14.3.7 Alzo International
14.3.8 Jeen International
