Magnesium Citrate Market assesses the key opportunities in the market and outlines the factors that are and will be driving the growth of the industry, by summing up the previous growth patterns, the growth drivers and the current and future trends.
Los Angeles, CA -- (SBWIRE) -- 04/18/2019 -- Magnesium citrate is a magnesium preparation in salt form with citric acid. It's often used in nutrition supplement, food & beverage industry and pharmaceutical industry.
Magnesium citrate is an important magnesium supplements. The main benefit of magnesium citrate over other forms of magnesium is that it is more easily absorbed by the body. Major applications of magnesium citrate are nutrient supplement, food & beverage industry and pharmaceutical industry etc. In 2016, amount of nutrient supplement consumed magnesium citrate is about 3439 MT. Food & beverage consumed about 1237 MT in 2016.
Magnesium citrate is usually classified into anhydrous type, nonahydrate type and others. Anhydrous type magnesium citrate is also used as a saline laxative but is also used as a food additive and dietary supplement. Nonahydrate type magnesium citrate is another common used magnesium citrate. In 2016, global anhydrous type magnesium citrate consumption is about 3131 MT, while consumption of nonahydrate type magnesium citrate is 2276 MT.
In the future, we predict that global consumption will continue to increase, with the improvement of people's awareness of health. By 2023, global consumption will increase to 7825 MT, with an average increase rate of 4.93% from 2018 to 2023.
The global Magnesium Citrate market was 40 million US$ in 2018 and is expected to 51 million US$ by the end of 2025, growing at a CAGR of 3.6% between 2019 and 2025.
This report studies the Magnesium Citrate market size (value and volume) by players, regions, product types and end industries, history data 2014-2018 and forecast data 2019-2025; This report also studies the global market competition landscape, market drivers and trends, opportunities and challenges, risks and entry barriers, sales channels, distributors and Porter's Five Forces Analysis.
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Geographically, this report is segmented into several key regions, with sales, revenue, market share and growth Rate of Magnesium Citrate in these regions, from 2014 to 2025, covering
North America (United States, Canada and Mexico)
Europe (Germany, UK, France, Italy, Russia and Turkey etc.)
Asia-Pacific (China, Japan, Korea, India, Australia, Indonesia, Thailand, Philippines, Malaysia and Vietnam)
South America (Brazil etc.)
Middle East and Africa (Egypt and GCC Countries)
The various contributors involved in the value chain of the product include manufacturers, suppliers, distributors, intermediaries, and customers. The key manufacturers in this market include
Jungbunzlauer
Global Calcium
Gadot Biochemical Industries
Sucroal
Dr. Paul Lohmann
Penglai Marine
Dongtai Food Ingredients
Yunbo Chemical
Xiyang Chemical
Hengheng Fine Chemical
By the product type, the market is primarily split into
Anhydrous Type
Nonahydrate Type
Other
By the end users/application, this report covers the following segments
Nutrient Supplement
Food & Beverage Industry
Pharmaceutical Industry
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