Cetyl Myristoleate Market: Outlook
Cetyl myristoleate is a chemical compound also known as CMO, CM8 and cis-9-cetyl myristoleate. Cetyl myristoleate was discovered by Harry W. Diehl, in the year 1972 during research at the National Institutes of Health. Cetyl myristoleate is a specific cetylated fatty acid (CFA) used in the treatment of musculoskeletal conditions. This compound is found in cereal and cereal products. It is also isolated from rice. Cetyl myristoleate is naturally found in certain animals such as cows, mice, whales, and beavers. Cetyl myristoleate is not found in humans; hence, according to the need of individual supplements of cetyl myristoleate is recommended by the doctors. Cetyl myristoleate's creams, capsules, and tablets are available in the market. Cetyl myristoleate products are also sourced from beef tallow. Cetyl myristoleate is considered a natural lubricant and a super surfactant, which makes it easy to absorb. Cetyl myristoleate also exists naturally in sperm whale oil.
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Increasing Use of Cetyl Myristoleate in Arthritis and Joint Pain Supplements.
Cetyl myristoleate is clinically proven to treat and even prevent musculoskeletal conditions such as arthritis, rheumatoid arthritis (RA), osteoarthritis, fibromyalgia, gout, and joint pain. The main beneficial properties of cetyl myristoleate are joint lubrication, anti-inflammatory property, immunomodulatory property, and pain relieving property. Cetyl myristoleate is available as a skin cream as well as sold in the form of dietary supplements. It reduces inflammation in the joints and bones. Except joint pain and arthritis, some people also use cetyl myristoleate for the conditions such as benign prostatic hyperplasia (BPH), Back pain, Emphysema, and Fibromyalgia. Hence, by considering the above uses, cetyl myristoleate market is anticipated to grow significantly in the near future.
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Global Cetyl Myristoleate Market: Segmentation
On the basis of form, the global cetyl myristoleate market has been segmented as-
On the basis of application, the global cetyl myristoleate market has been segmented as-
- Dietary Supplements
- Pharmaceutical Industry
On the basis of packaging, the global cetyl myristoleate market has been segmented as-
- PET Bottles
- Glass Bottles
- Laminated Tubes
On the basis of distribution channel, the global cetyl myristoleate market has been segmented as-
- Store-Based Retail
- Modern Trade
- Hospital Pharmacies
- Retail Pharmacies
- Drug Stores
- Online Retail
- Store-Based Retail
Global Cetyl Myristoleate Market: Key Players
The global cetyl myristoleate market is evolving due to the growing diseases related to arthritis and joints pain. Many pharmaceuticals and supplements manufacturers are focusing on cetyl myristoleate, due to its increasing application in healthcare. Some of the global key manufacturers and suppliers of cetyl myristoleate are Karuna Health, Douglas Laboratories, Dee Cee Laboratories, Inc., NOW Foods, Wonderlabs, Jarrow Formulas, Inc., Advance Physician Formulas., Virilife, LLC, PBS Animal Health, and Rich Distributing.
Most of the companies mentioned above are headquartered in the US and Canada. Major players in the cetyl myristoleate market are operating from North America. But the demand for cetyl myristoleate is increasing all over the world. Hence, manufacturers also have the opportunity to grow their business in other regions such as Asia Pacific, Europe, and Latin America.
Opportunities for Market Participants:
The globally growing consumer awareness regarding health and wellness is the key factor driving the cetyl myristoleate market. The problem of joint pain and arthritis is increasing all over the world, mainly among the people over 35 years of age. Hence, the demand for cetyl myristoleate is expected to be high during the forecast period. Cetyl myristoleate help in relieving and preventing pains related to arthritis and joints. The market player should focus on the region such as the US and Japan, where a large number of people have arthritis. Hence, the demand for cetyl myristoleate is anticipated to be high in these regions. Also, as cetyl myristoleate is used in supplements as well as in medicines, the demand for the same is expected more in the near future due to increasing pharmaceutical industries. Therefore, by considering the above factors, cetyl myristoleate market is anticipated to grow positive during the forecast period.
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Our key underpinning is the 4-Quadrant Framework EIRS that offers detailed visualization of four elements:
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The following regional segments are covered comprehensively:
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The report sheds light on various aspects and answers pertinent questions on the market. Some of the important ones are:
1. What can be the best investment choices for venturing into new product and service lines?
2. What value propositions should businesses aim at while making new research and development funding?
3. Which regulations will be most helpful for stakeholders to boost their supply chain network?
4. Which regions might see the demand maturing in certain segments in near future?
5. What are the some of the best cost optimization strategies with vendors that some well-entrenched players have gained success with?
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