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Methyl Salicylate Market Report and Forecast 2023-2028

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    Report

  • 190 Pages
  • October 2023
  • Region: Global
  • Expert Market Research
  • ID: 5898087
According to the report, the global methyl salicylate market is being aided by the salicylate market. Aided by the increasing demand for analgesic and anti-inflammatory products and the growing applications of methyl salicylate in various industries, the global salicylate market is expected to grow at a CAGR of 6.7% in the forecast period of 2023-2028.

Methyl salicylate, known as wintergreen oil, is an organic ester that is widely used as a flavouring agent and in topical pain relief products. As an effective counterirritant in topical analgesics, it plays a vital role in relieving muscle and joint pain.

The increasing consumer preference for products related to health and wellness is driving the global methyl salicylate market growth. With growing awareness of the benefits associated with active lifestyles, there has been a significant uptick in demand for topical pain relief products, including those containing methyl salicylate, which is effective in treating minor aches and pains of the muscles/joints (e.g., arthritis, backache, sprains).

The safety and effectiveness of methyl salicylate have been evaluated in various regions, resulting in specific regulations concerning its usage. In the United States, for example, the FDA regulates the use of methyl salicylate in over the counter (OTC) products. Compliance with such regulations, ensuring the safety and effectiveness of products, plays a crucial role in impacting the methyl salicylate market outlook.

The industrial applications of methyl salicylate are also playing a significant role in propelling the market. In addition to its use in healthcare, methyl salicylate is commonly used as a flavouring agent in food and beverages due to its minty flavour. It is also employed in cosmetics and personal care products, offering pleasant fragrances in products such as lotions, creams, and perfumes.

Technological advancements and innovation are crucial in the methyl salicylate market expansion. As the demand for green and sustainable products grows, manufacturers are increasingly focusing on developing eco-friendly production processes. For example, some companies are investing in methods to produce methyl salicylate through biotechnological pathways, using bacteria or fungi, which could offer a more sustainable alternative to traditional chemical synthesis methods.

As per the methyl salicylate market analysis, North America dominates the market due to high consumer demand for topical pain relief products and a strong healthcare sector. The Asia-Pacific region is expected to emerge as a significant market, with China, India, and Southeast Asian countries leading due to growing middle-class populations and increasing awareness of health and wellness.

Market Segmentation

The market can be divided based on application and region.

Market Breakup by Application

  • Food and Beverages
  • Cosmetics and Personal Care
  • Pharmaceuticals
  • Others

Market Breakup by Region

  • North America
  • Europe
  • Asia Pacific
  • Latin America
  • Middle East and Africa

Competitive Landscape

The report looks into the market shares, plant turnarounds, capacities, investments, and mergers and acquisitions, among other major developments, of the leading companies operating in the global methyl salicylate market.

Some of the major players explored in the report are as follows:

  • Seqens Group
  • Zhenjiang Gaopeng Pharmaceutical Co., Ltd.
  • Alta Laboratories Ltd.
  • Tokyo Chemical Industry Co., Ltd.
  • Siddharth Carbochem Products Ltd.
  • Others

About the Analyst

Acquire unparalleled access to critical industry insights with our comprehensive market research reports, meticulously prepared by a team of seasoned experts. These reports are designed to equip decision-makers with an in-depth understanding of prevailing market trends, competitive landscapes, and growth opportunities.

These high-quality, data-driven analysis provide the essential framework for organisations seeking to make informed and strategic decisions in an increasingly complex and rapidly evolving business environment. By investing in our market research reports, you can ensure your organisation remains agile, proactive, and poised for success in today's competitive market.

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The analyst always strives to provide you with the latest information. The numbers in the article are only indicative and may be different from the actual report.

Table of Contents

1 Preface2 Report Coverage - Key Segmentation and Scope
3 Report Description
3.1 Market Definition and Outlook
3.2 Properties and Applications
3.3 Market Analysis
3.4 Key Players
4 Key Assumptions
5 Executive Summary
5.1 Overview
5.2 Key Drivers
5.3 Key Developments
5.4 Competitive Structure
5.5 Key Industrial Trends
6 Snapshot
6.1 Global
6.2 Regional
7 Industry Opportunities and Challenges
8 Global Methyl Salicylate Market Analysis
8.1 Key Industry Highlights
8.2 Global Methyl Salicylate Historical Market (2018-2022)
8.3 Global Methyl Salicylate Market Forecast (2023-2028)
8.4 Global Methyl Salicylate Market by Application
8.4.1 Food and Beverages
8.4.1.1 Market Share
8.4.1.2 Historical Trend (2018-2022)
8.4.1.3 Forecast Trend (2023-2028)
8.4.2 Cosmetics and Personal Care
8.4.2.1 Market Share
8.4.2.2 Historical Trend (2018-2022)
8.4.2.3 Forecast Trend (2023-2028)
8.4.3.1 Market Share
8.4.3 Pharmaceuticals
8.4.3.2 Historical Trend (2018-2022)
8.4.3.3 Forecast Trend (2023-2028)
8.4.4 Others
8.5 Global Methyl Salicylate Market by Region
8.5.1 Market Share
8.5.1.1 North America
8.5.1.2 Europe
8.5.1.3 Asia Pacific
8.5.1.4 Latin America
8.5.1.5 Middle East and Africa
9 Regional Analysis
9.1 North America
9.1.1 Historical Trend (2018-2022)
9.1.2 Forecast Trend (2023-2028)
9.1.3 Breakup by Country
9.1.3.1 United States of America
9.1.3.2 Canada
9.2 Europe
9.2.1 Historical Trend (2018-2022)
9.2.2 Forecast Trend (2023-2028)
9.2.3 Breakup by Country
9.2.3.1 United Kingdom
9.2.3.2 Germany
9.2.3.3 France
9.2.3.4 Italy
9.2.3.5 Others
9.3 Asia Pacific
9.3.1 Historical Trend (2018-2022)
9.3.2 Forecast Trend (2023-2028)
9.3.3 Breakup by Country
9.3.3.1 China
9.3.3.2 Japan
9.3.3.3 India
9.3.3.4 ASEAN
9.3.3.5 Australia
9.3.3.6 Others
9.4 Latin America
9.4.1 Historical Trend (2018-2022)
9.4.2 Forecast Trend (2023-2028)
9.4.3 Breakup by Country
9.4.3.1 Brazil
9.4.3.2 Argentina
9.4.3.3 Mexico
9.4.3.4 Others
9.5 Middle East and Africa
9.5.1 Historical Trend (2018-2022)
9.5.2 Forecast Trend (2023-2028)
9.5.3 Breakup by Country
9.5.3.1 Saudi Arabia
9.5.3.2 United Arab Emirates
9.5.3.3 Nigeria
9.5.3.4 South Africa
9.5.3.5 Others
10 Market Dynamics
10.1 SWOT Analysis
10.1.1 Strengths
10.1.2 Weaknesses
10.1.3 Opportunities
10.1.4 Threats
10.2 Porter’s Five Forces Analysis
10.2.1 Supplier’s Power
10.2.2 Buyer’s Power
10.2.3 Threat of New Entrants
10.2.4 Degree of Rivalry
10.2.5 Threat of Substitutes
10.3 Key Indicators for Demand
10.4 Key Indicators for Price
11 Value Chain Analysis
12 Price Analysis
12.1 North America Historical Price Trends (2018-2022) and Forecast (2023-2028)
12.2 Europe Historical Price Trends (2018-2022) and Forecast (2023-2028)
12.3 Asia Pacific Historical Price Trends (2018-2022) and Forecast (2023-2028)
12.4 Latin America Historical Price Trends (2018-2022) and Forecast (2023-2028)
12.5 Middle East and Africa Historical Price Trends (2018-2022) and Forecast (2023-2028)
13 Competitive Landscape
13.1 Market Structure
13.2 Company Profiles
13.2.1 Seqens Group
13.2.1.1 Company Overview
13.2.1.2 Product Portfolio
13.2.1.3 Demographic Reach and Achievements
13.2.1.4 Certifications
13.2.2 Zhenjiang Gaopeng Pharmaceutical Co., Ltd.
13.2.2.1 Company Overview
13.2.2.2 Product Portfolio
13.2.2.3 Demographic Reach and Achievements
13.2.2.4 Certifications
13.2.3 Alta Laboratories Ltd.
13.2.3.1 Company Overview
13.2.3.2 Product Portfolio
13.2.3.3 Demographic Reach and Achievements
13.2.3.4 Certifications
13.2.4 Tokyo Chemical Industry Co., Ltd.
13.2.4.1 Company Overview
13.2.4.2 Product Portfolio
13.2.4.3 Demographic Reach and Achievements
13.2.4.4 Certifications
13.2.5 Siddharth Carbochem Products Ltd.
13.2.5.1 Company Overview
13.2.5.2 Product Portfolio
13.2.5.3 Demographic Reach and Achievements
13.2.5.4 Certifications
13.2.6 Others
14 Industry Events and Developments
Additional Customisations Available
1 Manufacturing Process
1.1 Overview
1.2 Detailed Process Flow
1.3 Operations Involved
2 Project Requirements and Cost Analysis
2.1 Land, Location, and Site Development
2.2 Construction
2.3 Plant Machinery
2.4 Cost of Raw Materials
2.5 Packaging
2.6 Transportation
2.7 Utilities
2.8 Manpower
2.9 Other Capital Investments
List of Key Figures and Tables
1. Global Methyl Salicylate Market: Key Industry Highlights, 2018 and 2028
2. Global Methyl Salicylate Historical Market: Breakup by Application (USD Billion), 2018-2022
3. Global Methyl Salicylate Market Forecast: Breakup by Application (USD Billion), 2023-2028
4. Global Methyl Salicylate Historical Market: Breakup by Region (USD Billion), 2018-2022
5. Global Methyl Salicylate Market Forecast: Breakup by Region (USD Billion), 2023-2028
6. North America Methyl Salicylate Historical Market: Breakup by Country (USD Billion), 2018-2022
7. North America Methyl Salicylate Market Forecast: Breakup by Country (USD Billion), 2023-2028
8. Europe Methyl Salicylate Historical Market: Breakup by Country (USD Billion), 2018-2022
9. Europe Methyl Salicylate Market Forecast: Breakup by Country (USD Billion), 2023-2028
10. Asia Pacific Methyl Salicylate Historical Market: Breakup by Country (USD Billion), 2018-2022
11. Asia Pacific Methyl Salicylate Market Forecast: Breakup by Country (USD Billion), 2023-2028
12. Latin America Methyl Salicylate Historical Market: Breakup by Country (USD Billion), 2018-2022
13. Latin America Methyl Salicylate Market Forecast: Breakup by Country (USD Billion), 2023-2028
14. Middle East and Africa Methyl Salicylate Historical Market: Breakup by Country (USD Billion), 2018-2022
15. Middle East and Africa Methyl Salicylate Market Forecast: Breakup by Country (USD Billion), 2023-2028
16. North America Historical Price Trends and Forecast 2018-2028
17. Europe Historical Price Trends and Forecast 2018-2028
18. Asia Pacific Historical Price Trends and Forecast 2018-2028
19. Latin America Historical Price Trends and Forecast 2018-2028
20. Middle East and Africa Historical Price Trends and Forecast 2018-2028
21. Global Methyl Salicylate Market Structure

Companies Mentioned

  • Seqens Group
  • Zhenjiang Gaopeng Pharmaceutical Co. Ltd.
  • Alta Laboratories Ltd.
  • Tokyo Chemical Industry Co. Ltd.
  • Siddharth Carbochem Products Ltd.

Methodology

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Table Information