The global market for Methyl Myristate was estimated at US$20.1 Billion in 2024 and is projected to reach US$24.2 Billion by 2030, growing at a CAGR of 3.1% from 2024 to 2030. This comprehensive report provides an in-depth analysis of market trends, drivers, and forecasts, helping you make informed business decisions. The report includes the most recent global tariff developments and how they impact the Methyl Myristate market.
In personal care and cosmetics, it is used for its quick-spreading, non-greasy feel in lotions, sunscreens, hair care products, and makeup formulations. It also functions as a penetration enhancer for active ingredients in dermal products. Beyond cosmetics, methyl myristate is used in lubricants, plasticizers, and mold-release agents, offering high lubricity and biodegradability. Its role as a high-cetane additive or component in biodiesel is also gaining attention, particularly in low-sulfur fuel blends that require enhanced cold-start performance.
Blending capabilities and cross-functional use are also helping improve market penetration. For instance, co-production of other methyl esters such as methyl laurate and methyl palmitate allows producers to optimize operational efficiency and supply multiple industries from the same feedstock base. Integrated oleochemical platforms in Southeast Asia are particularly well-positioned to scale up production cost-effectively while meeting environmental regulations and product quality specifications for global exports.
Industrial applications are also accelerating, especially in biolubricants and processing fluids. Methyl myristate's lubricity, low volatility, and compatibility with synthetic esters make it attractive in food-grade lubricants, rubber processing, and specialty mold-release agents. In energy and fuel markets, the compound's potential use in biodiesel blends is aligned with regulatory pushes toward renewable fuels and carbon reduction targets. These diverse applications are solidifying its position as a multi-sector, high-potential ester.
In parallel, regulatory initiatives supporting green chemistry and carbon-neutral industrial practices are encouraging manufacturers to replace traditional mineral oils and petrochemical solvents with methyl esters. Technological advancements in feedstock traceability, production optimization, and formulation science are enabling more consistent quality and broader application scope. With growing alignment to clean energy, natural cosmetics, and eco-industrial practices, methyl myristate is well-positioned for accelerated global growth.
Global Methyl Myristate Market - Key Trends & Drivers Summarized
Why Is Methyl Myristate Emerging as a Bio-Based Alternative in Key Industries?
Methyl myristate, the methyl ester of myristic acid, is gaining increasing relevance as a sustainable, plant-derived compound used across cosmetic, pharmaceutical, industrial, and fuel sectors. Naturally sourced from coconut, palm kernel, or nutmeg oils, it serves as a biodegradable emollient, solvent, and processing aid in formulations that require low toxicity, skin-friendliness, and environmental safety. In recent years, as consumer and industrial markets pivot toward eco-friendly ingredients, methyl myristate has gained momentum as a non-petroleum-based alternative for a variety of applications.In personal care and cosmetics, it is used for its quick-spreading, non-greasy feel in lotions, sunscreens, hair care products, and makeup formulations. It also functions as a penetration enhancer for active ingredients in dermal products. Beyond cosmetics, methyl myristate is used in lubricants, plasticizers, and mold-release agents, offering high lubricity and biodegradability. Its role as a high-cetane additive or component in biodiesel is also gaining attention, particularly in low-sulfur fuel blends that require enhanced cold-start performance.
How Are Production Methods and Feedstock Choices Influencing Market Development?
The production of methyl myristate is primarily based on transesterification of natural triglycerides rich in myristic acid. The sustainability of its supply is strongly influenced by the availability and price volatility of coconut and palm-derived feedstocks. With the push toward traceable and certified sustainable palm oil, manufacturers are increasingly aligning with RSPO and other sustainability certification programs. Additionally, enzymatic transesterification and solvent-free synthesis methods are being explored to enhance yield, reduce energy use, and meet green chemistry benchmarks.Blending capabilities and cross-functional use are also helping improve market penetration. For instance, co-production of other methyl esters such as methyl laurate and methyl palmitate allows producers to optimize operational efficiency and supply multiple industries from the same feedstock base. Integrated oleochemical platforms in Southeast Asia are particularly well-positioned to scale up production cost-effectively while meeting environmental regulations and product quality specifications for global exports.
What Applications Are Expanding Methyl Myristate's Global Demand Profile?
The cosmetics and personal care industry remains the largest end-use segment, driven by rising demand for biocompatible emollients and natural-origin skin conditioning agents. The global shift toward 'clean beauty' is reinforcing methyl myristate's position as a preferred ester in formulations avoiding synthetic silicones and petroleum-based solvents. In pharmaceuticals, its use as a carrier and solubilizer for topical drug delivery is expanding, particularly in dermatology and pain relief gels.Industrial applications are also accelerating, especially in biolubricants and processing fluids. Methyl myristate's lubricity, low volatility, and compatibility with synthetic esters make it attractive in food-grade lubricants, rubber processing, and specialty mold-release agents. In energy and fuel markets, the compound's potential use in biodiesel blends is aligned with regulatory pushes toward renewable fuels and carbon reduction targets. These diverse applications are solidifying its position as a multi-sector, high-potential ester.
The Growth in the Methyl Myristate Market Is Driven by Several Factors…
The growth in the methyl myristate market is driven by several factors closely tied to sustainability, product innovation, and cross-industry utility. The surge in demand for bio-based ingredients in personal care, particularly in Asia-Pacific and North America, is creating a robust consumer base. The increasing adoption of biodegradable and low-toxicity additives in industrial lubricants and plastic processing compounds is further broadening the market.In parallel, regulatory initiatives supporting green chemistry and carbon-neutral industrial practices are encouraging manufacturers to replace traditional mineral oils and petrochemical solvents with methyl esters. Technological advancements in feedstock traceability, production optimization, and formulation science are enabling more consistent quality and broader application scope. With growing alignment to clean energy, natural cosmetics, and eco-industrial practices, methyl myristate is well-positioned for accelerated global growth.
Key Insights:
- Market Growth: Understand the significant growth trajectory of the Industrial Grade segment, which is expected to reach US$11.4 Billion by 2030 with a CAGR of a 4.1%. The Food Grade segment is also set to grow at 2.0% CAGR over the analysis period.
- Regional Analysis: Gain insights into the U.S. market, valued at $5.5 Billion in 2024, and China, forecasted to grow at an impressive 6.0% CAGR to reach $4.8 Billion by 2030. Discover growth trends in other key regions, including Japan, Canada, Germany, and the Asia-Pacific.
Why You Should Buy This Report:
- Detailed Market Analysis: Access a thorough analysis of the Global Methyl Myristate Market, covering all major geographic regions and market segments.
- Competitive Insights: Get an overview of the competitive landscape, including the market presence of major players across different geographies.
- Future Trends and Drivers: Understand the key trends and drivers shaping the future of the Global Methyl Myristate Market.
- Actionable Insights: Benefit from actionable insights that can help you identify new revenue opportunities and make strategic business decisions.
Key Questions Answered:
- How is the Global Methyl Myristate Market expected to evolve by 2030?
- What are the main drivers and restraints affecting the market?
- Which market segments will grow the most over the forecast period?
- How will market shares for different regions and segments change by 2030?
- Who are the leading players in the market, and what are their prospects?
Report Features:
- Comprehensive Market Data: Independent analysis of annual sales and market forecasts in US$ Million from 2024 to 2030.
- In-Depth Regional Analysis: Detailed insights into key markets, including the U.S., China, Japan, Canada, Europe, Asia-Pacific, Latin America, Middle East, and Africa.
- Company Profiles: Coverage of players such as Acme Synthetic Chemicals, ADM (Archer Daniels Midland Company), Berg + Schmidt GmbH & Co. KG, CATO Research Chemicals Inc., and more.
- Complimentary Updates: Receive free report updates for one year to keep you informed of the latest market developments.
Some of the 42 companies featured in this Methyl Myristate market report include:
- Acme Synthetic Chemicals
- ADM (Archer Daniels Midland Company)
- Berg + Schmidt GmbH & Co. KG
- CATO Research Chemicals Inc.
- Chemsavers Inc.
- Covalent Chemical
- CREMER
- Glentham Life Sciences Ltd.
- Godrej Industries Limited
- HiMedia Laboratories Pvt. Ltd.
- Inoue Perfumery MFG Co., Ltd.
- JSK Chemicals
- KLK OLEO
- Musim Mas Group
- Procter & Gamble Chemicals
- Sigma-Aldrich (Merck KGaA)
- StepChem Co., Ltd.
- Tokyo Chemical Industry Co., Ltd.
- VVF Ltd.
- Wilmar International Limited
This edition integrates the latest global trade and economic shifts as of June 2025 into comprehensive market analysis. Key updates include:
- Tariff and Trade Impact: Insights into global tariff negotiations across 180+ countries, with analysis of supply chain turbulence, sourcing disruptions, and geographic realignment. Special focus on 2025 as a pivotal year for trade tensions, including updated perspectives on the Trump-era tariffs.
- Adjusted Forecasts and Analytics: Revised global and regional market forecasts through 2030, incorporating tariff effects, economic uncertainty, and structural changes in globalization. Includes segmentation by product, technology, type, material, distribution channel, application, and end-use, with historical analysis since 2015.
- Strategic Market Dynamics: Evaluation of revised market prospects, regional outlooks, and key economic indicators such as population and urbanization trends.
- Innovation & Technology Trends: Latest developments in product and process innovation, emerging technologies, and key industry drivers shaping the competitive landscape.
- Competitive Intelligence: Updated global market share estimates for 2025, competitive positioning of major players (Strong/Active/Niche/Trivial), and refined focus on leading global brands and core players.
- Expert Insight & Commentary: Strategic analysis from economists, trade experts, and domain specialists to contextualize market shifts and identify emerging opportunities.
- Complimentary Update: Buyers receive a free July 2025 update with finalized tariff impacts, new trade agreement effects, revised projections, and expanded country-level coverage.
Table of Contents
I. METHODOLOGYII. EXECUTIVE SUMMARY2. FOCUS ON SELECT PLAYERSIII. MARKET ANALYSISSOUTH KOREAREST OF ASIA-PACIFICARGENTINABRAZILMEXICOREST OF LATIN AMERICAIRANISRAELSAUDI ARABIAUNITED ARAB EMIRATESREST OF MIDDLE EAST
1. MARKET OVERVIEW
3. MARKET TRENDS & DRIVERS
4. GLOBAL MARKET PERSPECTIVE
UNITED STATES
CANADA
JAPAN
CHINA
EUROPE
FRANCE
GERMANY
ITALY
UNITED KINGDOM
SPAIN
RUSSIA
REST OF EUROPE
ASIA-PACIFIC
AUSTRALIA
INDIA
LATIN AMERICA
MIDDLE EAST
AFRICA
Companies Mentioned (Partial List)
A selection of companies mentioned in this report includes, but is not limited to:
- Acme Synthetic Chemicals
- ADM (Archer Daniels Midland Company)
- Berg + Schmidt GmbH & Co. KG
- CATO Research Chemicals Inc.
- Chemsavers Inc.
- Covalent Chemical
- CREMER
- Glentham Life Sciences Ltd.
- Godrej Industries Limited
- HiMedia Laboratories Pvt. Ltd.
- Inoue Perfumery MFG Co., Ltd.
- JSK Chemicals
- KLK OLEO
- Musim Mas Group
- Procter & Gamble Chemicals
- Sigma-Aldrich (Merck KGaA)
- StepChem Co., Ltd.
- Tokyo Chemical Industry Co., Ltd.
- VVF Ltd.
- Wilmar International Limited
Table Information
| Report Attribute | Details |
|---|---|
| No. of Pages | 285 |
| Published | June 2025 |
| Forecast Period | 2024 - 2030 |
| Estimated Market Value ( USD | $ 20.1 Billion |
| Forecasted Market Value ( USD | $ 24.2 Billion |
| Compound Annual Growth Rate | 3.1% |
| Regions Covered | Global |
