The Singapore magnesium lactate market is projected to grow at a CAGR of 6.70% between 2026 and 2035.
Base Year
Historical Period
Forecast Period
As per the International Trade Administration, in 2022, the total local production in the healthcare market was over USD 11.2 billion.
As per the Singapore Department of Statistics, total food & beverage sales in February 2024 were estimated at USD 1.0 billion.
Cosmetics, toiletries & medical goods in February 2024 showed a growth of 9.4% compared to the previous year.
Compound Annual Growth Rate
6.7%
2026-2035
*this image is indicative*
The growth of the Singapore magnesium lactate market is led by food-grade magnesium lactate in the food and beverage industry.
Food-grade magnesium lactate is designed to be used in the food and beverage industry. It is used extensively as an additive for boosting magnesium content. It has a delicate flavour and dissolves well; therefore, it can be used in dairy products, baked goods, beverages, and dietary supplements, among others. Quality control measures are very stringent on this type of magnesium lactate, which must meet Singapore’s rigorous standards on food safety.
In July 2022, Crobion, a Dutch food and biochemicals company, opened its innovation centre in Singapore. The move was made to build a laboratory meant to facilitate micro-studies for spoilage and food safety. The laboratory was designed keeping in mind capabilities in food preservation in many categories such as sauces, meat, baked foods, refrigerated foods, beverages, and others.
The industrial-grade magnesium lactate is suitable only for non-food uses such as pharmaceutical manufacturing, the production of personal care products, and agrochemicals, among others. It is crucial for providing magnesium supplementations in cosmetics for its moisturizing capabilities, along with being used during water treatment processes and other industrial applications that require large quantities of this chemical compound.
Singapore Magnesium Lactate Market Report and Forecast 2026-2035 offers a detailed analysis of the market based on the following segments:
Market Breakup by Grade
Market Breakup by Application
Personal care and cosmetics lead growth in the Singapore magnesium lactate market since it is often utilized for its moisturising and skin-conditioning properties. It keeps the skin hydrated and improves its overall texture, thus making it a common ingredient in body lotions, moisturisers, serums, and masks.
Major market players are expanding their outreach through investments in sustainable practices and environmental responsibility along with a focus on health and wellness.
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The market is projected to grow at a CAGR of 6.70% between 2026 and 2035.
Based on grade, the magnesium lactate market is split into food grade, industrial grade, and pharmaceutical grade.
The magnesium lactate market key players are Jungbunzlauer Suisse AG, Corbion N.V., Dr. Paul Lohmann GmbH & Co. KGaA, Fengchen Group Co.,Ltd., and Others.
Based on the application, the market is split into personal care and cosmetics, pharmaceuticals, food and beverage, agrochemicals, and others.
Explore our key highlights of the report and gain a concise overview of key findings, trends, and actionable insights that will empower your strategic decisions.
| REPORT FEATURES | DETAILS |
| Base Year | 2025 |
| Historical Period | 2019-2025 |
| Forecast Period | 2026-2035 |
| Scope of the Report |
Historical and Forecast Trends, Industry Drivers and Constraints, Historical and Forecast Market Analysis by Segment:
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| Breakup by Grade |
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| Breakup by Application |
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| Market Dynamics |
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| Competitive Landscape |
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| Companies Covered |
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