Methyl Salicylates Market Size

Methyl Salicylates Market size was over USD 225.36 million in 2024 and is anticipated to cross USD 492.6 million by 2037, witnessing more than 6.2% CAGR during the forecast period i.e., between 2025-2037. In the year 2025, the industry size of methyl salicylates is estimated at USD 248.27 million.

The growth of this market can be ascribed to the growing application of methyl salicylates in the pharmaceutical industry. Methyl salicylate use could be highly seen in pain relieving creams and tubes that offer relief to the deadly pain of arthritis or other serious aches. It is also used in medicines to treat joint and muscle pains. As per research, local analgesics for human and veterinary medicine consist of 12% – 20% of methyl salicylate in it.

Besides, its wide application in the pharmaceutical industry. Methyl salicylate utilization can also be seen in the food and beverage industry to add fragrance and flavor to food items. It is widely used as a flavoring agent in chewing gums, candies, and mints. This factor is driving the growth of methyl salicylate in the forecast period.  As per the data, this flavoring agent is used in the food and beverage industry as an important additive.