Summary

Global Myristyl Palmitate Market is expected to grow at a significant rate of around 5% during the forecast period. Myristyl palmitate is a solid that has a high melting point, is white to yellowish, and is insoluble in water. Myristyl palmitate in personal care products is used in SoL products, hair damaging agents, and sun-screening agents, among others. As an emollient, myristyl palmitate helps to moisturize and soften the skin, making it a common ingredient in creams, lotions, and other skincare products. It also has a lubricating effect, which can help to reduce friction and irritation on the skin. In addition, myristyl palmitate can act as a thickening agent in cosmetics and personal care products, helping to give them a smooth and creamy texture. Myristyl acid and its salts & esters are used in nail care products, soaps, and detergents hair care products, shaving products, eye shadow, and other skincare products.

3B Scientific; LARODAN AB; MOSSELMAN; Penta Manufacturer; Merck KGaA; Wilmar International Ltd; Zhonglan Industry Co.,Ltd.; VWR International, LLC.; Ashland; ABITEC are some of the key players in the market. Several M&As along with partnerships have been undertaken by these players to facilitate customers with innovative products/technologies.

Insights Presented in the Report
“Amongst application, the cosmetics category is expected to grow at a significant CAGR.”
Based on application, the myristyl palmitate market is categorized into pharmaceuticals, cosmetics, and others. Among these, the cosmetics category is expected to grow at a significant CAGR. This is because myristyl palmitate is utilized as a foaming agent and is permeated. Myristyl palmitate is used in multiple applications such as nail care products, soaps, detergents, hair care products, eye shadows, and many others. In addition, cosmetics serve a variety of functions. They cleanse and protect the body or skin with those developed for personal care and skincare. Furthermore, many major players are launching products that are increasing their product portfolio. For instance, in July 2022, Avya Skincare launched Hydroveda Collection which is inspired by nature and designed to regain balance between the body, mind, spirit, and environment.

“APAC is anticipated to grow at a substantial CAGR during the forecast period.”
APAC is anticipated to grow at a substantial CAGR during the forecast period. This is mainly due to rising urbanization and changing lifestyles are some of the factors driving the growth of the market. Moreover, the increasing consumption of organic or herbal cosmetics and hair products coupled with the growing demand for cleaning agents i.e., surfactants and detergents are further accelerating the growth of the market. Furthermore, changes in eating habits, disease patterns concerning age, a shift in day-to-day activities, etc. are estimated to remain key factors leading to increased demand in the pharma industry which act as key trends for the global myristyl palmitate market during the forecast period.

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• The study includes market sizing and forecasting analysis validated by authenticated key industry experts.
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• The report covers an in-depth analysis of prominent industry peers with a primary focus on key business financials, product portfolio, expansion strategies, and recent developments.
• Detailed examination of drivers, restraints, key trends, and opportunities prevailing in the industry.
• The study comprehensively covers the market across different segments.
• Deep dive regional level analysis of the industry.

Customization Options:
The global myristyl palmitate market can further be customized as per the requirement or any other market segment. Besides this, UMI understands that you may have your own business needs, hence feel free to connect with us to get a report that completely suits your requirements.

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