Market Overview:
The global sodium myristoyl glutamate 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 personal care and cosmetic products, and the growing awareness about the benefits of using sodium myristoyl glutamate in these applications. Sodium myristoyl glutamate is used as an ingredient in personal care and cosmetic products owing to its ability to improve skin elasticity, reduce wrinkles, and impart a youthful appearance. It is also used as an emulsifier, thickener, stabilizer, and surfactant in various other applications such as food & beverage, pharmaceuticals, and agrochemicals. North America dominates the global sodium myristoyl glutamate market due to the high demand for personal care products in this region.
Product Definition:
Sodium Myristoyl Glutamate is a natural amino acid that has been shown to be an effective skin-conditioning agent. It is used in cosmetics and personal care products to improve the feel and appearance of skin.
Purity＜95%:
Sodium myristoyl glutamate or n-myristicin is a type of fatty acid that is produced in the body when needed nutrients such as sugar and starch are insufficient. It plays an important role in controlling the appetite and increasing energy levels.
The product has been used for thousands of years, since before recorded history by many different cultures all around the world.
Purity≥95%:
Sodium myristoyl glutamate, also known as just MYRISTIC ACID or myristic acid, is a naturally occurring fatty acid that has been used in food and feedstock for decades. It is found in the nuts & seeds of several plants including coconut, palm oil, sunflower oil and soybean. The most commonly used form of this product by companies like Cargill Inc.
Application Insights:
The personal care segment accounted for the largest revenue share of over 40% in 2017. The product is used as a moisturizer, emollient and emulsifier in several personal care products such as creams, gels and lotions. It is also used to enhance the properties of sunscreens by increasing their protective qualities against ultra-violet rays. Rising consumer awareness regarding skin health coupled with rising demand for superior quality cosmetic products will drive the sodium myristoyl glutamate market over the forecast period.
Cosmetic manufacturers are constantly trying to find new ways to introduce innovative products that can give consumers a youthful appearance without having any side effects on their skin or body organs. This factor will drive demand for sodium myristoyl glutamate in cosmetics applications over the forecast period owing to its high safety profile and low toxicity compared to other ingredients currently being used by cosmetic manufacturers globally.
Regional Analysis:
Asia Pacific sodium myristoyl glutamate market is anticipated to grow at the highest CAGR over the forecast period. This growth can be attributed to increasing consumer spending on personal care and cosmetics products in countries such as China, India, Japan, South Korea, Malaysia and Indonesia. These countries are witnessing a surge in demand for skincare products owing to growing concerns regarding skin problems among consumers. This has led major cosmetic manufacturers in these regions to increase their investment expenditure on R&D activities related to new product development for the beauty industry.
Increasing demand from other application industries such as food & beverage also supports regional market growth over the forecast period.
Growth Factors:
- Increasing demand for processed foods: The global processed food market is projected to grow at a CAGR of 5.4% from 2016 to 2021. This growth is attributed to the increasing urbanization and changing lifestyles, which have led to an increase in the demand for convenience foods. Sodium myristoyl glutamate is used as a flavor enhancer in processed foods, thus contributing to its growth.
- Rising awareness about health benefits of MSG: MSG has been receiving negative publicity for many years due to its alleged adverse effects on health such as headaches, nausea, and heart palpitations. However, recent studies have shown that MSG is safe when consumed in moderation and provides several health benefits such as weight loss, improved brain function, and cancer prevention. This has led to an increase in the awareness about the benefits of MSG among consumers worldwide, which is driving its demand.
- Growing popularity of Asian cuisine: The popularity of Asian cuisine is growing rapidly all over the world due to its unique flavors and healthy ingredients. Sodium myristoyl glutamate plays an important role in enhancing the flavors of Asian dishes by providing a characteristic salty taste profile that cannot be replicated with other seasonings or spices alone . As a result, more people are becoming interested in trying out Asian cuisine recipes at home or dining out at restaurants serving this type of food., thereby driving demand for sodium myristoyl glutamate products..
Scope Of The Report
Report Attributes
Report Details
Report Title
Sodium Myristoyl Glutamate Market Research Report
By Type
Purity＜95%, Purity≥95%
By Application
Personal Care, Cosmetic, Other
By Companies
Ajinomoto, CORUM, Guangzhou Tinci Materials Technology, Surface Chemical, Dermosil, Health Well Cemical
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
242
Number of Tables & Figures
170
Customization Available
Yes, the report can be customized as per your need.
Global Sodium Myristoyl Glutamate Market Report Segments:
The global Sodium Myristoyl Glutamate market is segmented on the basis of:
Types
Purity＜95%, Purity≥95%
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
Personal Care, Cosmetic, 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:
- Ajinomoto
- CORUM
- Guangzhou Tinci Materials Technology
- Surface Chemical
- Dermosil
- Health Well Cemical
Highlights of The Sodium Myristoyl Glutamate 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:
- Purity＜95%
- Purity≥95%
- By Application:
- Personal Care
- Cosmetic
- 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 Sodium Myristoyl Glutamate 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.
How you may use our products:
- Correctly Positioning New Products
- Market Entry Strategies
- Business Expansion Strategies
- Consumer Insights
- Understanding Competition Scenario
- Product & Brand Management
- Channel & Customer Management
- Identifying Appropriate Advertising Appeals
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?
Sodium myristoyl glutamate is a naturally occurring amino acid that is commonly used as a flavor enhancer in food. It has a sweet, nutty taste and can be found in many foods, including ice cream, yogurt, and cheese.
Some of the major companies in the sodium myristoyl glutamate market are Ajinomoto, CORUM, Guangzhou Tinci Materials Technology, Surface Chemical, Dermosil, Health Well Cemical.
The sodium myristoyl glutamate market is expected to grow at a compound annual growth rate of 5.5%.
Chapter 1 Executive Summary
Chapter 2 Assumptions and Acronyms Used
Chapter 3 Research Methodology
Chapter 4 Sodium Myristoyl Glutamate 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 Sodium Myristoyl Glutamate Market Dynamics
4.2.1 Market Drivers
4.2.2 Market Restraints
4.2.3 Market Opportunity
4.3 Sodium Myristoyl Glutamate 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 Sodium Myristoyl Glutamate 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 Sodium Myristoyl Glutamate Market Size & Forecast, 2020-2028
4.5.1 Sodium Myristoyl Glutamate Market Size and Y-o-Y Growth
4.5.2 Sodium Myristoyl Glutamate Market Absolute $ Opportunity
Chapter 5 Global 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 Market Size Forecast by Type
5.2.1 Purity＜95%
5.2.2 Purity≥95%
5.3 Market Attractiveness Analysis by Type
Chapter 6 Global 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 Market Size Forecast by Applications
6.2.1 Personal Care
6.2.2 Cosmetic
6.2.3 Other
6.3 Market Attractiveness Analysis by Applications
Chapter 7 Global Sodium Myristoyl Glutamate 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 Sodium Myristoyl Glutamate 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 Analysis and Forecast
9.1 Introduction
9.2 North America 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 Market Size Forecast by Type
9.6.1 Purity＜95%
9.6.2 Purity≥95%
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 Market Size Forecast by Applications
9.10.1 Personal Care
9.10.2 Cosmetic
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 Analysis and Forecast
10.1 Introduction
10.2 Europe 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 Market Size Forecast by Type
10.6.1 Purity＜95%
10.6.2 Purity≥95%
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 Market Size Forecast by Applications
10.10.1 Personal Care
10.10.2 Cosmetic
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 Analysis and Forecast
11.1 Introduction
11.2 Asia Pacific 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 Market Size Forecast by Type
11.6.1 Purity＜95%
11.6.2 Purity≥95%
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 Market Size Forecast by Applications
11.10.1 Personal Care
11.10.2 Cosmetic
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 Analysis and Forecast
12.1 Introduction
12.2 Latin America 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 Market Size Forecast by Type
12.6.1 Purity＜95%
12.6.2 Purity≥95%
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 Market Size Forecast by Applications
12.10.1 Personal Care
12.10.2 Cosmetic
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) Analysis and Forecast
13.1 Introduction
13.2 Middle East & Africa (MEA) 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) Market Size Forecast by Type
13.6.1 Purity＜95%
13.6.2 Purity≥95%
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) Market Size Forecast by Applications
13.10.1 Personal Care
13.10.2 Cosmetic
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 Sodium Myristoyl Glutamate Market: Competitive Dashboard
14.2 Global Sodium Myristoyl Glutamate Market: Market Share Analysis, 2019
14.3 Company Profiles (Details – Overview, Financials, Developments, Strategy)
14.3.1 Ajinomoto
14.3.2 CORUM
14.3.3 Guangzhou Tinci Materials Technology
14.3.4 Surface Chemical
14.3.5 Dermosil
14.3.6 Health Well Cemical
