Global Myristic Acid Market Set for Significant Expansion Driven by Personal Care and Industrial Demand
https://dataintelo.com/report/myristic-acid-market
The Myristic Acid Market is witnessing robust growth globally, driven by rising consumption across multiple industries including cosmetics, personal care, food, and pharmaceuticals. Myristic acid, a saturated 14-carbon fatty acid, is widely used as an emulsifier, surfactant, and thickening agent. Its natural presence in nutmeg, palm oil, and coconut oil enhances its utility in both synthetic and natural formulations.
According to Dataintelo, the global Myristic Acid Market was valued at USD 164.8 million in 2023 and is projected to reach USD 258.4 million by 2032, growing at a CAGR of 5.1% during the forecast period (2024–2032). Market expansion is primarily fueled by increasing demand for organic and natural personal care products, where myristic acid serves as a non-toxic, skin-friendly ingredient.
