What is Global Anhydrous Magnesium Citrate Market?
The Global Anhydrous Magnesium Citrate Market is a specialized and in-depth study of the chemical industry with a special focus on the global market trend analysis. Anhydrous Magnesium Citrate is a compound that is primarily used as a nutrient supplement, and it's also found in various food and beverage products. It's a type of magnesium salt that has numerous health benefits, including aiding digestion, boosting energy, and supporting muscle and nerve function. The market for this compound is growing due to its increasing demand in various industries, including the food and beverage industry, pharmaceutical industry, and others. The market is also driven by the growing awareness of the health benefits of magnesium and the increasing prevalence of magnesium deficiency among the global population. However, the market faces challenges such as stringent regulations and high competition among market players. Despite these challenges, the market is expected to grow due to the increasing demand for healthy and nutritional products.
Food Grade, Pharmaceutical Grade, Other in the Global Anhydrous Magnesium Citrate Market:
The Global Anhydrous Magnesium Citrate Market is segmented into Food Grade, Pharmaceutical Grade, and Others. The Food Grade segment is the most dominant, accounting for about 48% of the total market. This is due to the increasing demand for healthy and nutritional food products. The Pharmaceutical Grade segment is also expected to grow due to the increasing demand for magnesium supplements in the pharmaceutical industry. The Other segment includes various other industries where Anhydrous Magnesium Citrate is used. However, there is no specific data available for this segment.
Nutrient Supplement, Food & Beverage Industry, Pharmaceutical Industry, Others in the Global Anhydrous Magnesium Citrate Market:
The Global Anhydrous Magnesium Citrate Market is used in various areas such as Nutrient Supplement, Food & Beverage Industry, Pharmaceutical Industry, and Others. As a nutrient supplement, Anhydrous Magnesium Citrate is used to prevent and treat low amounts of magnesium in the blood. In the Food & Beverage Industry, it is used as a flavor enhancer, preservative, and stabilizer. In the Pharmaceutical Industry, it is used in the production of various drugs and medicines. The Other segment includes various other industries where Anhydrous Magnesium Citrate is used. However, there is no specific data available for this segment.
Global Anhydrous Magnesium Citrate Market Outlook:
According to a recent survey, the global Anhydrous Magnesium Citrate market is expected to grow from US$ 28 million in 2022 to US$ 41 million in 2029, with a Compound Annual Growth Rate (CAGR) of 6.1% during the period of 2023 to 2029. This growth is driven by the increasing demand for Anhydrous Magnesium Citrate in various industries, including the food and beverage industry, pharmaceutical industry, and others. The market is also driven by the growing awareness of the health benefits of magnesium and the increasing prevalence of magnesium deficiency among the global population. Jungbunzlauer is the world's largest player in the Anhydrous Magnesium Citrate market, with a market share of about 32%.
| Report Metric | Details |
| Report Name | Anhydrous Magnesium Citrate Market |
| Accounted market size in 2022 | US$ 28 million |
| Forecasted market size in 2029 | US$ 41 million |
| CAGR | 6.1% |
| Base Year | 2022 |
| Forecasted years | 2023 - 2029 |
| Segment by Type |
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| Segment by Application |
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| Production by Region |
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| Consumption by Region |
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| By Company | Jungbunzlauer, Global Calcium, Gadot Biochemical Industries, Sucroal, Dr. Paul Lohmann, Penglai Marine, Dongtai Food Ingredients, Nantong Feiyu Food Technolog, Xiyang Chemical, Hengheng Fine Chemical |
| Forecast units | USD million in value |
| Report coverage | Revenue and volume forecast, company share, competitive landscape, growth factors and trends |
