Reports
Global Magnesium Lactate Market Size, Trends, Analysis: By Grade: Food Grade, Industrial Grade, Pharmaceutical Grade; By Application: Personal Care and Cosmetics, Pharmaceuticals, Food and Beverage, Agrochemicals, Others; Regional Analysis; Market Dynamics: SWOT Analysis, Porter’s Five Forces Analysis; Competitive Landscape; 2024-2032
Global Magnesium Lactate Market Outlook
The global magnesium lactate market is being aided by the magnesium supplements industry, which is expected to grow at a CAGR of 7.2% in the forecast period of 2024-2032.
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The Asia Pacific to Provide Enhanced Opportunities for the Expansion of the Magnesium Lactate Industry
The Asia Pacific is expected to account for a significant share in the industry owing to the growing government initiatives to strengthen the agricultural sector and enhance agricultural productivity to control malnutrition and hunger. This is driving the demand for macro and micro-nutrients such as magnesium lactate to produce a better quality of crops. China and India are promoting the cultivation of fortified crops and are using biotechnology to enhance the quality of crops. This is expected to provide enhanced growth opportunities for the expansion of the magnesium lactate industry in the region. Other developing regions like the Middle East and Africa are following this trend, thus, providing a further impetus to the market. In addition, the U.S. and Europe, being the significant exporters of fortified flour, are expected to drive the demand for magnesium lactate in the forecast period.
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Magnesium Lactate: Market Segmentation
Magnesium lactate refers to the magnesium salt of lactic acid represented by the formula C6H10MgO6. It is a naturally occurring mineral that is necessary for the body to support the function of the digestive system, heart, and nervous system. Thus, it is widely used as a mineral supplement to treat magnesium deficiency and as an acidity regulator in some food and beverages . It is used across various industries owing to its nutritional and other properties.
Based on grade, the market is divided into:
- Food Grade
- Industrial Grade
- Pharmaceutical Grade
The various application sectors of magnesium lactate include:
- Personal Care and Cosmetics
- Pharmaceuticals
- Food and Beverage
- Agrochemicals
- Others
The regional markets for the product include North America, Europe, the Asia Pacific, Latin America, and the Middle East and Africa.
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Growing Demand for Food Supplements to Boost the Sales of Magnesium Lactate
The growing demand for dietary or nutritional supplements to ensure a balanced diet is driving the demand for magnesium lactate. This is supported by the growing adoption of a healthy lifestyle and increasing awareness regarding the importance of macro and micronutrients in the human body. Additionally, these supplements are available over-the-counter as well as with prescription, which has significantly boosted their sales. The growing instances of malnutrition in third world countries are further driving the demand for fortified food products. The favourable government initiatives to promote food fortification and fight mineral deficiencies will further drive the market growth. For this reason, the product is often considered an important additive in the food and beverages and agrochemical industries. Other factors like escalating disposable incomes, rising living standard, and increasing demand for premium food products are also aiding the industry growth. Moreover, recent surge in the pharmaceutical sector is expected to positively influence the industry growth over the forecast period.
Key Industry Players in the Global Magnesium Lactate Market
The report gives a detailed analysis of the following key players in the global magnesium lactate market, covering their competitive landscape, capacity, and latest developments like mergers, acquisitions, and investments, expansions of capacity, and plant turnarounds:
- Corbion NV
- Jungbunzlauer Suisse AG
- Isaltis Inc.
- Fengchen Group Co., Ltd
- Axiom Chemicals Pvt. Ltd.
- Others
The comprehensive EMR report provides an in-depth assessment of the market based on the Porter's five forces model along with giving a SWOT analysis.
| REPORT FEATURES | DETAILS |
|---|---|
| Base Year | 2023 |
| Historical Period | 2018-2023 |
| Forecast Period | 2024-2032 |
| Scope of the Report | Historical and Forecast Trends, Industry Drivers and Constraints, Historical and Forecast Market Analysis by Segment- Grade, Application, Region |
| Breakup by Grade | Food Grade, Industrial Grade, Pharmaceutical Grade |
| Breakup by Application | Personal Care and Cosmetics, Pharmaceuticals, Food and Beverage, Agrochemicals, Others |
| Breakup by Region | North America, Europe, Asia Pacific, Latin America, Middle East and Africa |
| Market Dynamics | SWOT, Porter's Five Forces, Key Indicators for Price and Demand |
| Price Analysis | Historical and Forecast Price Trends- Regional |
| Competitive Landscape | Market Structure, Company Profiles- Company Overview, Product Portfolio, Demographic Reach and Achievements, Certifications |
| Companies Covered | Corbion NV, Jungbunzlauer Suisse AG, Isaltis Inc., Fengchen Group Co., Ltd, Axiom Chemicals Pvt. Ltd., Others |
| Report Price and Purchase Option | Explore our purchase options that are best suited to your resources and industry needs. |
| Delivery Format | Delivered as an attached PDF and Excel through email, with an option of receiving an editable PPT, according to the purchase option. |
*At Expert Market Research, we strive to always give you current and accurate information. The numbers depicted in the description are indicative and may differ from the actual numbers in the final EMR report.
1 Preface
2 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 Opportunities and Challenges in the Market
8 Global Magnesium Lactate Market Analysis
8.1 Key Industry Highlights
8.2 Global Magnesium Lactate Historical Market (2018-2023)
8.3 Global Magnesium Lactate Market Forecast (2018-2028)
8.4 Global Magnesium Lactate Market by Grade
8.4.1 Food Grade
8.4.1.1 Historical Trend (2018-2023)
8.4.1.2 Forecast Trend (2018-2028)
8.4.2 Industrial Grade
8.4.2.1 Historical Trend (2018-2023)
8.4.2.2 Forecast Trend (2018-2028)
8.4.3 Pharmaceutical Grade
8.4.3.1 Historical Trend (2018-2023)
8.4.3.2 Forecast Trend (2018-2028)
8.5 Global Magnesium Lactate Market by Application
8.5.1 Personal Care and Cosmetics
8.5.1.1 Historical Trend (2018-2023)
8.5.1.2 Forecast Trend (2018-2028)
8.5.2 Pharmaceuticals
8.5.2.1 Historical Trend (2018-2023)
8.5.2.2 Forecast Trend (2018-2028)
8.5.3 Food and Beverage
8.5.3.1 Historical Trend (2018-2023)
8.5.3.2 Forecast Trend (2018-2028)
8.5.4 Agrochemicals
8.5.4.1 Historical Trend (2016-2021)
8.5.4.2 Forecast Trend (2018-2028)
8.5.5 Others
8.6 Global Magnesium Lactate Market by Region
8.6.1 North America
8.6.1.1 Historical Trend (2018-2023)
8.6.1.2 Forecast Trend (2024-2032)
8.6.2 Europe
8.6.2.1 Historical Trend (2018-2023)
8.6.2.2 Forecast Trend (2024-2032)
8.6.3 Asia Pacific
8.6.3.1 Historical Trend (2018-2023)
8.6.3.2 Forecast Trend (2024-2032)
8.6.4 Latin America
8.6.4.1 Historical Trend (2018-2023)
8.6.4.2 Forecast Trend (2024-2032)
8.6.5 Middle East and Africa
8.6.5.1 Historical Trend (2018-2023)
8.6.5.2 Forecast Trend (2024-2032)
9 North America Magnesium Lactate Market Analysis
9.1 United States of America
9.1.1 Historical Trend (2018-2023)
9.1.2 Forecast Trend (2024-2032)
9.2 Canada
9.2.1 Historical Trend (2018-2023)
9.2.2 Forecast Trend (2024-2032)
10 Europe Magnesium Lactate Market Analysis
10.1 United Kingdom
10.1.1 Historical Trend (2018-2023)
10.1.2 Forecast Trend (2024-2032)
10.2 Germany
10.2.1 Historical Trend (2018-2023)
10.2.2 Forecast Trend (2024-2032)
10.3 France
10.3.1 Historical Trend (2018-2023)
10.3.2 Forecast Trend (2024-2032)
10.4 Italy
10.4.1 Historical Trend (2018-2023)
10.4.2 Forecast Trend (2024-2032)
10.5 Others
11 Asia Pacific Magnesium Lactate Market Analysis
11.1 China
11.1.1 Historical Trend (2018-2023)
11.1.2 Forecast Trend (2024-2032)
11.2 Japan
11.2.1 Historical Trend (2018-2023)
11.2.2 Forecast Trend (2024-2032)
11.3 India
11.3.1 Historical Trend (2018-2023)
11.3.2 Forecast Trend (2024-2032)
11.4 ASEAN
11.4.1 Historical Trend (2018-2023)
11.4.2 Forecast Trend (2024-2032)
11.5 Australia
11.5.1 Historical Trend (2018-2023)
11.5.2 Forecast Trend (2024-2032)
11.6 Others
12 Latin America Magnesium Lactate Market Analysis
12.1 Brazil
12.1.1 Historical Trend (2018-2023)
12.1.2 Forecast Trend (2024-2032)
12.2 Argentina
12.2.1 Historical Trend (2018-2023)
12.2.2 Forecast Trend (2024-2032)
12.3 Mexico
12.3.1 Historical Trend (2018-2023)
12.3.2 Forecast Trend (2024-2032)
12.4 Others
13 Middle East and Africa Magnesium Lactate Market Analysis
13.1 Saudi Arabia
13.1.1 Historical Trend (2018-2023)
13.1.2 Forecast Trend (2024-2032)
13.2 United Arab Emirates
13.2.1 Historical Trend (2018-2023)
13.2.2 Forecast Trend (2024-2032)
13.3 Nigeria
13.3.1 Historical Trend (2018-2023)
13.3.2 Forecast Trend (2024-2032)
13.4 South Africa
13.4.1 Historical Trend (2018-2023)
13.4.2 Forecast Trend (2024-2032)
13.5 Others
14 Market Dynamics
14.1 SWOT Analysis
14.1.1 Strengths
14.1.2 Weaknesses
14.1.3 Opportunities
14.1.4 Threats
14.2 Porter’s Five Forces Analysis
14.2.1 Supplier’s Power
14.2.2 Buyer’s Power
14.2.3 Threat of New Entrants
14.2.4 Degree of Rivalry
14.2.5 Threat of Substitutes
14.3 Key Indicators for Demand
14.4 Key Indicators for Price
15 Value Chain Analysis
16 Price Analysis
16.1 North America Historical Price Trends (2018-2023) and Forecast (2024-2032)
16.2 Europe Historical Price Trends (2018-2023) and Forecast (2024-2032)
16.3 Asia Pacific Historical Price Trends (2018-2023) and Forecast (2024-2032)
16.4 Latin America Historical Price Trends (2018-2023) and Forecast (2024-2032)
16.5 Middle East and Africa Historical Price Trends (2018-2023) and Forecast (2024-2032)
17 Competitive Landscape
17.1 Market Structure
17.2 Company Profiles
17.2.1 Corbion NV
17.2.1.1 Company Overview
17.2.1.2 Product Portfolio
17.2.1.3 Demographic Reach and Achievements
17.2.1.4 Certifications
17.2.2 Jungbunzlauer Suisse AG
17.2.2.1 Company Overview
17.2.2.2 Product Portfolio
17.2.2.3 Demographic Reach and Achievements
17.2.2.4 Certifications
17.2.3 Isaltis Inc.
17.2.3.1 Company Overview
17.2.3.2 Product Portfolio
17.2.3.3 Demographic Reach and Achievements
17.2.3.4 Certifications
17.2.4 Fengchen Group Co., Ltd
17.2.4.1 Company Overview
17.2.4.2 Product Portfolio
17.2.4.3 Demographic Reach and Achievements
17.2.4.4 Certifications
17.2.5 Axiom Chemicals Pvt. Ltd.
17.2.5.1 Company Overview
17.2.5.2 Product Portfolio
17.2.5.3 Demographic Reach and Achievements
17.2.5.4 Certifications
17.2.6 Others
18 Key Trends and Developments in the Market
List of Key Figures and Tables
1. Global Magnesium Lactate Market: Key Industry Highlights, 2018 and 2032
2. Global Magnesium Lactate Historical Market: Breakup by Grade (USD Billion), 2018-2023
3. Global Magnesium Lactate Market Forecast: Breakup by Grade (USD Billion), 2024-2032
4. Global Magnesium Lactate Historical Market: Breakup by Application (USD Billion), 2018-2023
5. Global Magnesium Lactate Market Forecast: Breakup by Application (USD Billion), 2024-2032
6. Global Magnesium Lactate Historical Market: Breakup by Region (USD Billion), 2018-2023
7. Global Magnesium Lactate Market Forecast: Breakup by Region (USD Billion), 2024-2032
8. North America Magnesium Lactate Historical Market: Breakup by Country (USD Billion), 2018-2023
9. North America Magnesium Lactate Market Forecast: Breakup by Country (USD Billion), 2024-2032
10. Europe Magnesium Lactate Historical Market: Breakup by Country (USD Billion), 2018-2023
11. Europe Magnesium Lactate Market Forecast: Breakup by Country (USD Billion), 2024-2032
12. Asia Pacific Magnesium Lactate Historical Market: Breakup by Country (USD Billion), 2018-2023
13. Asia Pacific Magnesium Lactate Market Forecast: Breakup by Country (USD Billion), 2024-2032
14. Latin America Magnesium Lactate Historical Market: Breakup by Country (USD Billion), 2018-2023
15. Latin America Magnesium Lactate Market Forecast: Breakup by Country (USD Billion), 2024-2032
16. Middle East and Africa Magnesium Lactate Historical Market: Breakup by Country (USD Billion), 2018-2023
17. Middle East and Africa Magnesium Lactate Market Forecast: Breakup by Country (USD Billion), 2024-2032
18. Middle East and Africa Historical Price Trends and Forecast 2018-2028
19. North America Historical Price Trends and Forecast 2018-2028
20. Europe Historical Price Trends and Forecast 2018-2028
21. Asia Pacific Historical Price Trends and Forecast 2018-2028
22. Latin America Historical Price Trends and Forecast 2018-2028
23. Middle East and Africa Historical Price Trends and Forecast 2018-2028
24. Global Magnesium Lactate Market Structure
Key Questions Answered in the Report
The global magnesium lactate market is being aided by the rising magnesium supplements industry, which is projected to grow at a CAGR of 7.2% between 2024 and 2032.
The major drivers of the industry, such as rising disposable incomes, increasing population, rising demand for dietary or nutritional supplements, increasing adoption of a healthy lifestyle, enhancing living standards, and rising demand for premium food products, are expected to aid the market growth.
The key trends guiding the growth of the market include the favourable government initiatives and growing demand for macro and micro-nutrients.
The major regions in the industry are North America, Latin America, the Middle East and Africa, Europe, and the Asia Pacific.
The leading grades of magnesium lactate in the market are food grade, industrial grade, and pharmaceutical grade.
The major application segments in the industry are personal care and cosmetics, pharmaceuticals, food and beverage, and agrochemicals, among others.
The major players in the industry are Corbion NV, Jungbunzlauer Suisse AG, Isaltis Inc., Fengchen Group Co., Ltd, and Axiom Chemicals Pvt. Ltd., among others.
Analyst Review
The global magnesium lactate market is being driven by the rising magnesium supplements industry. Aided by the rising demand for dietary supplements, the magnesium supplements market is expected to witness a healthy growth in the forecast period of 2024-2032, growing at a CAGR of 7.2%.
EMR’s meticulous research methodology delves deep into the market, covering the macro and micro aspects of the industry. By grade, the market is segmented into food grade, industrial grade, and pharmaceutical grade. Based on application, the industry is divided into personal care and cosmetics, pharmaceuticals, food and beverage, and agrochemicals, among others. The major regional markets for magnesium lactate are North America, Europe, the Asia Pacific, Latin America, and the Middle East and Africa. The key players in the above market include Corbion NV, Jungbunzlauer Suisse AG, Isaltis Inc., Fengchen Group Co., Ltd, and Axiom Chemicals Pvt. Ltd., among others.
EMR’s research methodology uses a combination of cutting-edge analytical tools and the expertise of their highly accomplished team, thus, providing their customers with market insights that are accurate, actionable, and help them remain ahead of their competition.
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