Myristic acid Market Size, Production, Sales, Average Product Price, Market Share, Import vs Export

Strong Momentum in the Myristic Acid Market

The Myristic acid Market is undergoing a notable transformation, marked by consistent growth across its major application sectors. As industries pivot toward bio-based and multifunctional ingredients, myristic acid—long used for its surfactant, emulsifying, and stabilizing properties—is becoming increasingly integral to product formulations in personal care, food, and pharmaceuticals. The Myristic acid Market Size is estimated to have surpassed USD 1.2 billion in 2024 and is projected to expand steadily over the next decade. This momentum reflects the compound’s growing strategic importance, especially in sectors prioritizing sustainability and functionality.

Surging Demand from Personal Care Sector Accelerates Myristic Acid Market Growth

One of the core drivers of the Myristic acid Market is the accelerating demand from the personal care and cosmetics industry. Myristic acid is commonly used in the formulation of cleansers, shaving foams, lotions, and moisturizers due to its high compatibility with skin and excellent foaming properties. For instance, global consumption of personal care ingredients grew by over 6% in 2023, with fatty acids like myristic acid accounting for a substantial share of the volume.

In high-growth regions such as Asia-Pacific, personal grooming product sales are increasing at a CAGR of over 8%, which directly influences the Myristic acid Market trajectory. Brands focused on natural and organic product lines are turning to myristic acid derived from coconut or palm kernel oil to meet clean label expectations. This shift is further boosted by consumer awareness around ingredient safety and ecological impact.

Expanding Use in Processed Foods Drives Volume Uptake in the Myristic Acid Market

The Myristic acid Market is also being propelled by its expanding role in the food and beverage industry. It is widely utilized as an emulsifier, flavor enhancer, and preservative. With global processed food consumption increasing at a rate of 7% annually, the food sector’s dependency on reliable emulsifiers is intensifying.

For example, myristic acid improves the mouthfeel of confectionery and dairy products while also enhancing shelf life. As global dairy production volumes continue to rise—exceeding 950 million metric tons in 2023—the demand for stable, texture-enhancing agents like myristic acid grows in tandem. Furthermore, the bakery industry, valued at over USD 500 billion globally, incorporates myristic acid in cream fillings and frostings to maintain structure and freshness.

Increasing Pharmaceutical Applications Catalyze Market Value

Pharmaceutical formulations have become a critical segment within the Myristic acid Market, especially due to its function as a lipid in drug delivery systems. Lipid-based carriers have gained prominence for improving the bioavailability of poorly soluble drugs. For example, the demand for lipid excipients grew by over 9% in 2023, reflecting their expanding use in oral and topical drug formulations.

Myristic acid serves as a critical base in ointments, creams, and slow-release capsules. Its biocompatibility and stability under varied pH levels make it suitable for sensitive pharmaceutical applications. With the global topical drug delivery market expected to reach USD 170 billion by 2030, the demand for safe and effective fatty acids like myristic acid is set to grow substantially.

Role of Myristic Acid in Surfactants and Detergents Elevates Market Demand

The surfactants and detergent sector is another pillar supporting the upward trajectory of the Myristic acid Market. Myristic acid is used in the manufacture of anionic and non-ionic surfactants, key components in household cleaners, fabric detergents, and industrial degreasers. With hygiene awareness intensifying post-2020, global household cleaning product sales have surged, growing at a CAGR of 7.5% through 2025.

For example, in laundry detergent formulations, myristic acid enhances lather formation, a key consumer preference. Additionally, in industrial cleaning products, it contributes to grease-cutting efficiency without being overly aggressive on surfaces. The ongoing trend toward biodegradable cleaning agents is expected to further anchor myristic acid’s position as a preferred raw material.

Rise of the Lubricants Sector Adds Strategic Depth to the Myristic Acid Market

Beyond consumer-centric sectors, the Myristic acid Market is witnessing growth from industrial and lubricant applications. Myristic acid is employed in the synthesis of esters for lubricants used in automotive and machinery components. As electric vehicle (EV) production scales up—with an estimated 14 million EVs sold in 2024—the need for efficient, low-toxicity lubricants is increasing.

These applications demand high-performance additives that offer temperature stability and oxidative resistance. Myristic acid-based esters meet these criteria, especially for use in precision instruments and green lubricants. The industrial lubricant segment is projected to grow at over 5.5% annually, directly benefiting the Myristic acid Market.

Nutraceutical Industry Integration Fuels Market Penetration

Another emerging contributor to the Myristic acid Market is the nutraceutical segment. Myristic acid, being a medium-chain saturated fatty acid, is gaining attention for its metabolic functions, particularly in MCT (Medium Chain Triglyceride) oils. With the global MCT oil market expected to reach USD 1.2 billion by 2030, the demand for purified C14 fatty acids is on the rise.

Functional food and supplement manufacturers are incorporating myristic acid to promote energy metabolism and cognitive support. For example, ketone-boosting supplements often rely on medium-chain fats, which include myristic acid, to accelerate fat absorption. The convergence of dietary health trends with fatty acid science is a key factor broadening market avenues.

Shift Toward Bio-Based Chemicals Reinforces Myristic Acid Market Sustainability

A notable macrotrend influencing the Myristic acid Market is the rising preference for bio-based and sustainable chemical alternatives. Derived primarily from coconut oil, palm kernel oil, and nutmeg butter, natural myristic acid aligns well with clean ingredient mandates across regions like the EU, North America, and parts of Asia-Pacific.

This shift is not just consumer-led. Regulatory bodies are incentivizing the use of biodegradable, plant-based chemicals in both industrial and consumer formulations. As a result, bio-based myristic acid is seeing higher premiums and growing adoption in cosmetic certifications such as COSMOS and USDA Organic. For instance, over 35% of new personal care product launches in 2023 featured bio-based certification, a share expected to exceed 50% by 2026.

Emerging Economies Present Strategic Growth Corridors

In regional dynamics, emerging markets in Asia-Pacific and Latin America are becoming significant contributors to the Myristic acid Market. For instance, India’s beauty and personal care market is expanding at over 10% annually, while Brazil’s processed food industry is seeing sustained double-digit growth. These trends, coupled with improved manufacturing capabilities, are leading to increased domestic production and consumption of myristic acid.

Moreover, countries like Indonesia and Malaysia, key producers of palm oil, are bolstering supply chains for natural myristic acid extraction. As sustainability concerns drive nearshoring of ingredient sourcing, these nations are becoming both production hubs and export leaders, shaping the global supply dynamics of the Myristic acid Market.

“Track Country-wise Myristic acid Production and Demand through our Myristic acid Production Database”

- - Myristic acid production database for 32+ countries worldwide
  - Myristic acid sales volume for 32+ countries
  - Country-wise Myristic acid production capacity, production plant mapping, production capacity utilization for 32+ manufacturers
  - Myristic acid production plants and production plant capacity analysis by top manufacturers

“Track real-time Myristic acid Prices, Myristic acid price charts for 32+ countries, Myristic acid weekly price tracker and Myristic acid monthly price tracker”

- - Track real-time Myristic acid prices and Myristic acid price trend in 32+ countries though our excel-based Myristic acid price charts
  - Real-time Myristic acid price tracker dashboard with 32+ countries
  - Complete transparency on Myristic acid price trend through our Myristic acid monthly price tracker, Myristic acid weekly price tracker

Geographical Demand Patterns in the Myristic Acid Market

Asia-Pacific: The Epicenter of Demand and Production

The Asia-Pacific region stands as the dominant force in the Myristic Acid Market, both in terms of consumption and production. Countries like China, India, and Indonesia are at the forefront, driven by burgeoning personal care, food, and pharmaceutical industries. For instance, India’s personal care market is expanding at a CAGR of 10.2%, significantly influencing the demand for myristic acid in soaps, creams, and lotions. Simultaneously, China’s processed food sector, growing at 7.5% annually, utilizes myristic acid extensively as an emulsifier and preservative.

Production-wise, Indonesia and Malaysia are pivotal, leveraging their abundant palm oil resources to produce myristic acid efficiently. These nations not only cater to domestic needs but also export substantial quantities to global markets, reinforcing their strategic position in the Myristic Acid Market.

North America: Sustained Demand Amidst Diversification

North America, particularly the United States, maintains a robust demand for myristic acid, primarily fueled by the cosmetics and personal care sectors. The U.S. cosmetics industry, valued at over USD 80 billion, integrates myristic acid in a myriad of products, from moisturizers to hair conditioners. Additionally, the region’s food industry, with a significant inclination towards processed and convenience foods, employs myristic acid as a flavor enhancer and stabilizer.

While domestic production exists, North America also relies on imports, especially from Asia-Pacific countries, to meet its comprehensive demand, highlighting the interconnectedness of global supply chains in the Myristic Acid Market.

Europe: Emphasis on Natural and Sustainable Sources

Europe’s Myristic Acid Market is characterized by a strong preference for natural and sustainably sourced ingredients. Countries like Germany, France, and the United Kingdom are leading consumers, integrating myristic acid in organic cosmetics and clean-label food products. The European Union’s stringent regulations on synthetic additives have further propelled the demand for plant-based myristic acid, derived from sources like coconut and palm kernel oils.

Moreover, Europe’s commitment to sustainability has spurred investments in green chemistry, encouraging the development of bio-based myristic acid production methods, thereby aligning with the region’s environmental objectives.

Production Dynamics in the Myristic Acid Market

Feedstock Availability and Technological Advancements

The production of myristic acid is intrinsically linked to the availability of feedstocks such as palm kernel oil, coconut oil, and nutmeg butter. Southeast Asian countries, with their vast plantations, have a competitive edge in this regard. Technological advancements in extraction and purification processes have further enhanced production efficiency. For example, enzymatic hydrolysis methods have improved yield and purity levels, catering to the high standards required in pharmaceutical and cosmetic applications.

Strategic Investments and Capacity Expansions

Recognizing the growing demand, key players in the Myristic Acid Market are investing in capacity expansions and strategic partnerships. Companies like Wilmar International and Emery Oleochemicals have announced plans to increase production capacities in their Asian facilities. These expansions aim to meet both domestic consumption and export demands, ensuring a steady supply chain and reinforcing their market positions.

Market Segmentation: Diverse Applications Driving Demand

By Source: Plant-Based vs. Animal-Based

The Myristic Acid Market is segmented based on source into plant-based and animal-based origins. Plant-based myristic acid, derived from coconut and palm kernel oils, dominates the market due to its sustainability and consumer preference for vegan products. In contrast, animal-based sources, such as butterfat and fish oils, hold a smaller market share, primarily due to ethical considerations and dietary restrictions prevalent among consumers.

By Application: Multifaceted Utilization Across Industries

Myristic acid’s versatility is evident in its wide range of applications:

Personal Care and Cosmetics: Accounting for approximately 40% of the market demand, myristic acid is integral in formulations of creams, lotions, and shampoos, owing to its emollient and surfactant properties.

Food and Beverages: Utilized as an emulsifier and flavor enhancer, myristic acid contributes to the texture and stability of various food products, including baked goods and dairy items.

Pharmaceuticals: Employed in drug delivery systems and topical formulations, myristic acid enhances the efficacy and absorption of active pharmaceutical ingredients.

Industrial Applications: In the industrial sector, myristic acid serves as a lubricant and intermediate in the production of surfactants and plasticizers.

By Grade: Technical vs. Food Grade

The market also distinguishes between technical and food-grade myristic acid. Technical grade, used predominantly in industrial applications, constitutes a significant portion of the market. However, the food-grade segment is witnessing accelerated growth, driven by the increasing demand for natural food additives and clean-label products.

Myristic Acid Price and Trend Analysis

Recent Price Movements and Influencing Factors

The Myristic Acid Price has experienced fluctuations influenced by several factors:

Feedstock Costs: Variations in the prices of coconut and palm kernel oils directly impact myristic acid pricing. For instance, a 10% increase in palm oil prices in early 2024 led to a corresponding rise in myristic acid costs.

Supply Chain Disruptions: Events like the COVID-19 pandemic and geopolitical tensions have disrupted supply chains, causing temporary price surges due to constrained availability.

Demand Dynamics: Seasonal demand spikes, particularly during festive seasons, influence the Myristic Acid Price Trend, with increased consumption in food and cosmetic products leading to price escalations.

Regional Price Variations

Price trends vary across regions:

Asia-Pacific: Benefiting from proximity to raw materials, the region often enjoys lower myristic acid prices, fostering competitive advantages for manufacturers.

North America and Europe: Import dependencies and higher production costs result in relatively elevated prices compared to Asia-Pacific counterparts.

Future Outlook on Myristic Acid Price Trend

Looking ahead, the Myristic Acid Price Trend is expected to stabilize, contingent upon steady feedstock supplies and normalized global trade conditions. However, ongoing shifts towards sustainable and bio-based products may introduce premium pricing for plant-derived myristic acid, reflecting the added value of eco-friendly sourcing.

In conclusion, the Myristic Acid Market is characterized by dynamic geographical demand patterns, evolving production landscapes, diverse application segments, and fluctuating price trends. Stakeholders must navigate these complexities with strategic agility to capitalize on emerging opportunities and mitigate potential risks.

“Myristic acid Manufacturing Database, Myristic acid Manufacturing Capacity”

- - Myristic acid top manufacturers market share for 32+ manufacturers
  - Top 12 manufacturers and top 19 manufacturers of Myristic acid in North America, Europe, Asia Pacific
  - Myristic acid production plant capacity by manufacturers and Myristic acid production data for 32+ market players
  - Myristic acid production dashboard, Myristic acid production data in excel format

“Myristic acid price charts, Myristic acid weekly price tracker and Myristic acid monthly price tracker”

- - Factors impacting real-time Myristic acid prices in 32+ countries worldwide
  - Myristic acid monthly price tracker, Myristic acid weekly price tracker
  - Real-time Myristic acid price trend, Myristic acid price charts, news and updates
  - Tracking Myristic acid price fluctuations

Competitive Landscape in the Myristic Acid Market

The Myristic acid Market is moderately consolidated, with a mix of global chemical giants and regional oleochemical manufacturers dominating the value chain. The market structure is shaped by companies with integrated supply chains, technological capabilities, and proximity to raw materials like coconut and palm kernel oil. The top manufacturers collectively account for over 60% of the global Myristic acid Market share, leveraging both scale and product differentiation to sustain competitiveness.

Wilmar International: Global Leader with Integrated Operations

Wilmar International holds one of the largest shares in the Myristic acid Market, leveraging its extensive footprint in palm oil production and refining. The company’s oleochemical division produces high-purity myristic acid targeted at personal care, food, and pharmaceutical applications. Wilmar’s product line includes refined fatty acids branded under the “Wilfarin” range, which offers food- and cosmetic-grade myristic acid variants.

With vertically integrated operations from plantations to oleochemical synthesis, Wilmar benefits from cost efficiency and supply chain resilience. Its facilities in Indonesia and Malaysia are strategically located close to feedstock sources, ensuring consistent raw material access.

Emery Oleochemicals: Specialty Portfolio and High-Purity Grades

Emery Oleochemicals is a key player in the premium segment of the Myristic acid Market. Known for its Green Chemistry platform, the company specializes in high-performance oleochemicals, including pharmaceutical- and food-grade myristic acid. Emery’s product series includes EMERY® MY Series, which encompasses refined, bio-based fatty acids used in cosmetics and nutraceutical formulations.

The company has invested significantly in capacity expansions and R&D, with its Cincinnati (USA) and Telok Panglima Garang (Malaysia) plants serving as major global hubs. Emery targets niche markets that demand certified, eco-friendly raw materials, helping it command a strong share in the value-added segments of the Myristic acid Market.

Oleon NV: European Expertise in Bio-Based Myristic Acid

Oleon NV, headquartered in Belgium, has built a strong presence in the European Myristic acid Market through its commitment to sustainable sourcing and green chemistry. Oleon’s fatty acid product line includes high-purity C14 acids derived from renewable raw materials, tailored for cosmetic emulsions, detergents, and industrial lubricants.

The company benefits from its proximity to Europe’s high-demand regions for personal care and clean-label food products. With production facilities in France, Germany, and Malaysia, Oleon is well-positioned to meet both regional and export market needs.

IOI Oleochemicals: Dominant Southeast Asian Producer

IOI Oleochemicals operates from Malaysia and holds a considerable share in the Asia-Pacific Myristic acid Market. The company produces a full spectrum of fatty acids under its Pan Century brand, offering customized grades of myristic acid for industrial and personal care use. IOI’s market advantage lies in its integration with IOI Group’s plantation and refining businesses, giving it control over cost and quality.

Its manufacturing focus is aligned with high-volume applications, particularly in soaps and household detergents. IOI’s capacity and cost-effective operations make it a major supplier to regional and international detergent manufacturers.

KLK Oleo: Focus on Volume and Sustainability

Kuala Lumpur Kepong Berhad (KLK Oleo) is another major manufacturer dominating the Myristic acid Market. With multiple plants across Malaysia, China, and Europe, KLK Oleo has become a supplier of choice for large FMCG and pharmaceutical companies. Its proprietary myristic acid offerings fall under the PALMERA® product range.

KLK emphasizes responsible sourcing, adhering to Roundtable on Sustainable Palm Oil (RSPO) standards. The company’s growth strategy includes continuous expansion of its oleochemical facilities, with recent capacity increases dedicated to high-grade fatty acids used in food and personal care industries.

VVF Ltd: India’s Key Myristic Acid Manufacturer

VVF Ltd, based in India, has emerged as a regional leader in the Myristic acid Market, particularly serving the domestic and Middle East markets. The company’s fatty acid portfolio includes a wide range of chain lengths, with a growing emphasis on myristic acid for soaps and personal hygiene products.

VVF’s strategy is centered around volume production and proximity to India’s fast-growing personal care sector. As India’s beauty and hygiene market expands at a double-digit rate, VVF is scaling up to capture rising demand.

Myristic Acid Market Share by Manufacturer

As of 2024, the Myristic acid Market is led by:

Wilmar International – 18% market share

Emery Oleochemicals – 12% market share

Oleon NV – 9% market share

IOI Oleochemicals – 8.5% market share

KLK Oleo – 8% market share

VVF Ltd – 6% market share

Other regional players (combined) – 38.5% market share

These shares reflect not only sales volumes but also brand positioning, product grade distribution, and regional dominance. Companies that offer certified organic or bio-based myristic acid tend to command a premium and maintain stronger margins, especially in European and North American markets.

Recent Industry Developments in the Myristic Acid Market

The Myristic acid Market has witnessed several significant developments in the past 12–18 months that are shaping the competitive landscape and production capacities.

In July 2023, Wilmar International announced the expansion of its oleochemical facility in Riau, Indonesia, with a focus on increasing myristic and lauric acid output to meet rising demand from the food and cosmetics industries in Southeast Asia.

In February 2024, Emery Oleochemicals introduced a new high-purity pharmaceutical-grade myristic acid tailored for lipid-based drug delivery systems. This move strengthens its position in the premium healthcare segment.

In October 2023, Oleon NV signed a strategic agreement with a major European personal care brand to supply RSPO-certified bio-based myristic acid over a five-year term. The deal aligns with Europe’s push for sustainable ingredient sourcing.

In March 2024, IOI Oleochemicals unveiled plans for an R&D center in Johor to develop advanced applications of myristic acid in green lubricants and biodegradable surfactants.

KLK Oleo, in August 2023, upgraded its Pasir Gudang facility with new esterification lines dedicated to cosmetic and nutraceutical-grade fatty acids, including myristic acid, aiming to serve export markets in Japan and Korea.

In April 2024, VVF Ltd increased its production capacity by 20% at its Mumbai plant, citing strong demand from India’s top-tier FMCG manufacturers for soap-grade myristic acid.

These developments indicate a clear trend—manufacturers are increasingly investing in product innovation, sustainability, and geographic expansion to remain competitive in the fast-evolving Myristic acid Market.

“Myristic acid Production Data and Myristic acid Production Trend, Myristic acid Production Database and forecast”

- - Myristic acid production database for historical years, 12 years historical data
  - Myristic acid production data and forecast for next 12 years
  - Myristic acid sales volume by manufacturers

“Track Real-time Myristic acid Prices for purchase and sales contracts, Myristic acid price charts, Myristic acid weekly price tracker and Myristic acid monthly price tracker”

- - Gain control on your purchase and sales contracts through our real-time Myristic acid price tracker and Myristic acid price trend analysis
  - Myristic acid weekly price tracker and forecast for next four weeks
  - Myristic acid monthly price tracker and forecast for next two months

Market Scenario, Demand vs Supply, Average Product Price, Import vs Export, till 2035

Global Myristic acid Market revenue and demand by region
Global Myristic acid Market production and sales volume
United States Myristic acid Market revenue size and demand by country
Europe Myristic acid Market revenue size and demand by country
Asia Pacific Myristic acid Market revenue size and demand by country
Middle East & Africa Myristic acid Market revenue size and demand by country
Latin America Myristic acid Market revenue size and demand by
Import-export scenario – United States, Europe, APAC, Latin America, Middle East & Africa
Average product price – United States, Europe, APAC, Latin America, Middle East & Africa
Market player analysis, competitive scenario, market share analysis
Business opportunity analysis

Key questions answered in the Global Myristic acid Market Analysis Report:

What is the market size for Myristic acid in United States, Europe, APAC, Middle East & Africa, Latin America?
What is the yearly sales volume of Myristic acid and how is the demand rising?
Who are the top market players by market share, in each product segment?
Which is the fastest growing business/ product segment?
What should be the business strategies and Go to Market strategies?

The report covers Myristic acid Market revenue, Production, Sales volume, by regions, (further split into countries):

Asia Pacific (China, Japan, South Korea, India, Indonesia, Vietnam, Rest of APAC)
Europe (UK, Germany, France, Italy, Spain, Benelux, Poland, Rest of Europe)
North America (United States, Canada, Mexico)
Latin America (Brazil, Argentina, Rest of Latin America)
Middle East & Africa

Table of Contents:

Myristic Acid Market:

Introduction to Myristic Acid Market
1.1. Myristic Acid: Definition and Properties
1.2. Applications of Myristic Acid
1.3. Importance in Various Industries
Market Overview
2.1. Global Market Size and Growth Rate
2.2. Historical Market Trends
2.3. Market Drivers and Restraints
2.4. Economic Impact and Implications
Market Segmentation
3.1. By Product Type
3.2. By End-Use Industry
3.3. By Form (Liquid, Powder, etc.)
3.4. By Distribution Channel
Key Market Trends
4.1. Technological Advancements in Myristic Acid Production
4.2. Innovations in Application Areas
4.3. Sustainability Trends in the Market
Regional Market Analysis
5.1. North America Market Trends
5.2. Europe Market Trends
5.3. Asia-Pacific Market Trends
5.4. Latin America Market Trends
5.5. Middle East & Africa Market Trends
Supply Chain Analysis
6.1. Key Raw Materials Used in Myristic Acid Production
6.2. Production Process Overview
6.3. Distribution and Logistics Considerations
Pricing Analysis
7.1. Price Trends and Forecasts
7.2. Factors Influencing Price Fluctuations
7.3. Regional Pricing Variations
Production Insights
8.1. Global Production Landscape
8.2. Key Manufacturers and Their Market Share
8.3. Challenges and Opportunities in Production
Demand and Consumption Analysis
9.1. Demand by Region and Industry
9.2. Consumer Preferences and Behavioral Trends
9.3. End-User Consumption Patterns
Competitive Landscape
10.1. Key Players in the Myristic Acid Market
10.2. Market Share Analysis of Leading Companies
10.3. Competitive Strategies and Developments
Regulatory Environment
11.1. Global and Regional Regulatory Frameworks
11.2. Compliance and Safety Standards in Myristic Acid Production
11.3. Impact of Regulations on Market Dynamics
Market Opportunities and Future Outlook
12.1. Emerging Opportunities in Myristic Acid Applications
12.2. Future Growth Drivers and Trends
12.3. Forecast for the Myristic Acid Market (2025-2035)
Investment and Business Strategies
13.1. Key Investment Opportunities in the Market
13.2. Risk Analysis and Mitigation Strategies
13.3. Strategic Business Partnerships and Collaborations
Environmental and Sustainability Considerations
14.1. Eco-Friendly Production Methods
14.2. Myristic Acid in Sustainable Product Development
14.3. Future of Sustainability in the Myristic Acid Market
Conclusion and Strategic Insights
15.1. Summary of Key Market Insights
15.2. Strategic Recommendations for Market Stakeholders
15.3. Long-Term Forecast and Prospects for Myristic Acid