Global Myristic Acid - Procurement Market Intelligence Report

  • ID: 4537444
  • Report
  • Region: Global
  • 88 pages
  • SpendEdge
OFF
until Jun 30th 2018
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FEATURED COMPANIES

  • Abcam Plc
  • BASF
  • Croda International
  • Merck
  • Wilmar International
  • MORE
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.

The 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
Category constraints
  • Inadequate technical knowledge on the composition of myristic acid
  • For a full, detailed list, view our report
Procurement best practices
  • Partner with large-scale distributors to simplify the procurement process
  • For a full, detailed list, view our report
Key questions answered in this 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?
You can request one free hour of our analyst’s time when you purchase this market report. Details are provided within the report.
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Note: Product cover images may vary from those shown
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FEATURED COMPANIES

  • Abcam Plc
  • BASF
  • Croda International
  • Merck
  • Wilmar International
  • MORE
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
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FEATURED COMPANIES

  • Abcam Plc
  • BASF
  • Croda International
  • Merck
  • Wilmar International
  • MORE
New Report Released: Global Myristic Acid Category - Procurement Market Intelligence Report 2018-2022.

The author of the report recognizes the following companies as the key suppliers in the Global Myristic Acid Category - Procurement Market Intelligence Report: Croda International, Merck, BASF, Wilmar International, and Abcam Plc.

Commenting on the report, an analyst from the research team said: “One of the procurement best practices for buyers is to perform thorough sample testing techniques to evaluate the quality of myristic acid.”

According to the report, one of the key growth contributors for the global myristic acid market is the increase in the overall global spending on processed foods, personal care, and cosmetic products.

Further, the report states that a major procurement challenge experienced by the buyers is the limited supply of raw materials due to seasonal volatility.

The study was conducted using an objective combination of primary and secondary information including inputs from key participants in the industry. The report contains actionable insights to improve source-to-contract cycle performance in addition to a PESTLE analysis.
Note: Product cover images may vary from those shown
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  • Croda International
  • Merck
  • BASF
  • Wilmar International
  • Abcam Plc
Note: Product cover images may vary from those shown
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Note: Product cover images may vary from those shown
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