Global Myristic Acid Category - Procurement Market Intelligence Report
About Myristic Acid Market
Myristic acid (C₁₄H₂₈O₂), also known as tetradecanoic acid, is a saturated fatty acid that occurs naturally in the form of glycerides in animal and vegetable fats and is also found in nutmeg oil. It is an oily, white crystalline compound, which is insoluble in water and soluble in alcohol and ether. Its salts and esters are primarily referred to as myristates. Moreover, this fatty acid is predominantly used in the manufacturing of cosmetics, soaps, food additives, and perfumes.
High growth in industries such as processed foods, personal care, and cosmetic products, and as adhesives and sealants where myristic acid is used as a raw material is likely to drive the growth of the global myristic acid market during the forecast period. Further, APAC has the largest market both in terms of production and consumption, owing to increased demand from processed food and pharmaceutical industries.
Covered in this report
The report provides actionable insights to improve source-to-contract cycle performance in the Global Myristic Acid Market. It helps sourcing professionals formulate better category strategies, enhance savings, understand supplier and market challenges, and implement sourcing best practices.
SpendEdge’s report, Global Myristic Acid Market, provides up-to-date information about market shifts and potential risks, as well as in-depth knowledge of products and services, which can help in planning and in executing category management activities. It focuses on the cost-saving aspects of procurement and on providing insights that can lead to optimization of category spend.
Category driver
- Increase in demand for natural fatty acids in food products
- For a full, detailed list, view our report
- Inadequate technical knowledge on the composition of myristic acid
- For a full, detailed list, view our report
- Partner with large-scale distributors to simplify the procurement process
- For a full, detailed list, view our report
- What are the market dynamics?
- What are the key market trends?
- What are the category growth drivers?
- What are the constraints to category growth?
- Who are the suppliers in this market?
- What are the demand-supply shifts?
- What are the major category requirements?
- What are the procurement best practices in this market?
- PART 1: CATEGORY AT A GLANCE
- TAKEAWAY 01 | Market Overview
- TAKEAWAY 02 | Demand and Supply Snapshot
- TAKEAWAY 03 | Key Market Dynamics
- TAKEAWAY 04 | Supply Market Highlights
- TAKEAWAY 05 | Pricing Insights
- TAKEAWAY 06 | Procurement Insights
- PART 2: SCOPE OF THE REPORT
- Category Definition
- Research Methodology
- PART 3: MARKET INSIGHTS
- Category Spend Analysis
- Category Maturity by Regions
- Demand-Supply Shifts
- Regional Demand-Supply Snapshot
- Global Myristic Acid Production Hubs
- Market Developments
- Regional Impact of Trends
- Key Category Growth Drivers and Corresponding Regional Impacts
- Major Category Growth Constraints and Corresponding Regional Impacts
- Key Current Technological Innovations
- Major Regulatory Frameworks
- Strategic Sustainability Practices
- Porter’s Five Forces
- PESTLE Analysis
- PART 4: SUPPLY MARKET INSIGHTS
- Supplier Operational Capability Matrix
- Other Prominent Suppliers by Region: Operational Capability Matrix
- Supplier Functional Capability Matrix
- Other Prominent Suppliers by Region: Functional Capability Matrix
- Key Clients/Partners
- Supplier Cost Breakup
- Supplier Positioning Matrix
- PART 5: PRICING INSIGHTS
- Pricing Models Snapshot
- Pricing Models – Pros and Cons
- Indicative Pricing
- PART 6: PROCUREMENT INSIGHTS
- Major Category Requirements
- Major Procurement Pain Points
- Category Sourcing Evolution Matrix
- Procurement Best Practices
- Cost-saving Opportunities
- Supplier Selection Criteria
- Category Negotiation Strategies
- SLA Terms
- Supplier Evaluation Criteria
- Category Risk Analysis
- PART 7: TOP FIVE SUPPLIERS
- Croda International
- Merck
- BASF
- Wilmar International
- Abcam Plc
- PART 8: APPENDIX
- Glossary
- Key Notes
- About Us
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