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Food Grade Magnesium Derivatives Market Size | Forecast 2031

Food Grade Magnesium Derivatives Market

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Segments - by Type (Organic and Inorganic ), Application (Beverage Industry and Food Industry), and Region (Asia Pacific, North America, Latin America, Europe and Middle East & Africa) - Global Industry Analysis, Growth, Share, Size, Trends, and Forecast 2023 – 2031

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Report Description

The food grade magnesium derivatives market size was valued at around USD 876.3 Mn in 2022 and is estimated to reach USD 1443.1 Mn by 2031, expanding at a CAGR of 6.5% during the forecast period, 2023 – 2031. The growth of the market is attributed to the increasing use of magnesium derivatives production of chocolates, sweets, and alcoholic & non-alcoholic drinks.

Magnesium derivatives are used in food and beverages for its high adoption of flavoring agents, brewing agents, firming agents, and others. The magnesium derivatives are used in several sectors including cosmetic, pharmaceutical, and water treatment plants. Magnesium is also present in pumpkin seeds, almonds, cashews, peanuts, chia seeds, soymilk, and others. It is useful and essential for the human body to boost immunity power.

Magnesium derivatives comprise of magnesium chloride, magnesium sulfate, magnesium hydroxide, and magnesium oxide. Among all the derivatives, magnesium oxide is widely consumed magnesium derivatives. According to the studies, dietary allowance for women is 310-320 per day, and for men is 400-420 per day.

Magnesium sulfate is mostly used for muscle recovery and magnesium ions are present in the body cells of humans. About 60% of the magnesium is in the bones of the human body. It turns into an electrolyte when dissolved in bodily fluid and is said to be one of the positively charged electrolytes present in the body cells.

Magnesium derivatives such as magnesium chloride, oxide, lactate, gluconate, hydroxide, stearate, and citrate are extensively used in the beverage industry due to their non-flammable and non-toxic properties. In the food industry, it is mostly used as a color retention agent, anti-caking agent, pH stabilizer, and supports fermentation.

Magnesium gluconate is an organic derivative popularly used across the world in various food and beverage applications. It is bitter and odorless and is available in form of white crystalline powder. Magnesium gluconate helps to increase the product’s shelf life and enhances quality and freshness.

The cost of organic derivatives is slightly high in comparison to inorganic derivatives due to their limited production and high demand from the food and beverage industries. Organic derivatives are commonly used in confectionery products such as chocolates, candies, gums, biscuits, and jelly.

The market report finds the COVID-19 pandemic had a significant impact on several industries. However, the food and beverage industry did not see any ill effects owing to the high demand for immunity-boosting drinks and food products. Further, during the pandemic, the food items were classified as essential products which in turn resulted in the growth of the food-grade magnesium derivatives market.

Drivers

High demand for magnesium derivatives in the food and beverage industries is fueling market growth owing to their easy application and availability. Magnesium derivatives such as magnesium chloride, oxide, lactate, gluconate, hydroxide, stearate, and citrate are among the most popular derivatives used for consumption

Restraints

Side effects associated with the overconsumption of magnesium derivatives are expected to hamper market growth. The overdose may cause diarrhea, nausea, diabetes, and heart disease. According to the safety data sheet of Santa Cruz Biotechnology, Inc. people suffering from intestinal disease, heart or kidney disease, and diabetes are advised to consume magnesium only with medical consultation.

Opportunities

Increasing consumer awareness to improve immunity and maintain a healthy diet is driving the market of magnesium derivatives. Magnesium derivatives are immunity boosters and help in curing several body issues. Manufacturers are therefore launching new products in the market which contain magnesium derivatives to target more consumers.

Scope of Food Grade Magnesium Derivatives Market Report

The market report includes an assessment of the market, trends, segments, and regional markets. Overview and dynamics have also been included in the report.

Attributes	Details
Report Title	Food Grade Magnesium Derivatives Market - Global Industry Analysis, Growth, Share, Size, Trends, and Forecast
Base Year	2022
Historic Data	2020 – 2021
Forecast Period	2023–2031
Segmentation	Type (Organic and Inorganic) and Application (Beverage Industry and Food Industry)
Regional Scope	Asia Pacific, North America, Latin America, Europe, and Middle East & Africa
Report Coverage	Company Share, Market Analysis and Size, Competitive Landscape, Growth Factors, and Trends, and Revenue Forecast
Key Players Covered in the Report	Grecian Magnesite; Sinwon Industrial Co., Ltd.; OLE Chemical Co., Ltd.; Martin Marietta Magnesia Specialties; Compass Minerals; Ibar Northeast; Hawkins; ICL; K + S Aktiengesellschaft; NikoMag; Rahul Magnesia Pvt. Ltd.; Novotech Nutraceuticals, Inc.; Jungbunzlauer Suisse AG; Oksihim, Ltd.; James M. Brown Ltd.; RX Chemicals; Vizag Chemicals; Dr. Paul Lohmann GmbH & Co. KGaA; Corbion; Gadot Biochemical Industries Ltd.

Food Grade Magnesium Derivatives Market Segment Insights

Based on type, the food grade magnesium derivatives market is divided into organic and inorganic. The inorganic derivative accounts for a key share of the market; owing to the increasing use of magnesium derivatives in food products and in sports, functional and alcoholic beverages. Moreover, among inorganic derivatives, magnesium chloride is widely used in food products as a firming agent and in beverages as a flavoring agent.

On the basis of application, the market is bifurcated into the beverage industry and food industry. The beverage industry accounts for a key share of the market, due to rising demand for various energy, functional, alcoholic, and non-alcoholic beverages. Further, the growing penetration of derivatives in the formulation of beverages is fueling the market growth.

In terms of region, the global food grade magnesium derivatives market is divided into Asia Pacific, North America, Latin America, Europe, and Middle East & Africa. North America is expected to dominate the market during the projected period, due to increasing consumer expenditure on food and beverages in the region and the presence of key manufacturers.

The market in Asia Pacific is anticipated to expand at a rapid pace during the forecast period, owing to increasing food and beverage production in emerging economies such as Japan and India. Production hubs of various industries are shifted in the Asia Pacific region due to low operational costs and easy availability of labor.

Segments

The global food grade magnesium derivatives market has been segmented on the basis of

Type

Organic
Inorganic

Applications

Beverage Industry
Food Industry

Region

Asia Pacific
North America
Latin America
Europe
Middle East & Africa

Key Players

Grecian Magnesite
Sinwon Industrial Co., Ltd.
OLE Chemical Co., Ltd.
Martin Marietta Magnesia Specialties
Compass Minerals
K + S Aktiengesellschaft
Ibar Northeast
Hawkins
ICL
NikoMag
Rahul Magnesia Pvt. Ltd.
Novotech Nutraceuticals, Inc.
Jungbunzlauer Suisse AG
Oksihim, Ltd.
James M. Brown Ltd.
RX Chemicals
Vizag Chemicals
Dr. Paul Lohmann GmbH & Co. KGaA
Corbion
Gadot Biochemical Industries Ltd

Competitive Landscape

Key players in the global food grade magnesium derivatives market are Grecian Magnesite; Sinwon Industrial Co., Ltd.; OLE Chemical Co., Ltd.; Martin Marietta Magnesia Specialties; Compass Minerals; Ibar Northeast; Hawkins; ICL; K + S Aktiengesellschaft; NikoMag; Rahul Magnesia Pvt. Ltd.; Novotech Nutraceuticals, Inc.; Jungbunzlauer Suisse AG; Oksihim, Ltd.; James M. Brown Ltd.; RX Chemicals; Vizag Chemicals; Dr. Paul Lohmann GmbH & Co. KGaA; Corbion; Gadot Biochemical Industries Ltd.

These major companies adopt various business development strategies including mergers, acquisitions, partnerships, collaboration, product launches, and production capacity expansion to expand their consumer base and enhance their market share.

In August 2021, NikoMag increased the production of magnesium hydroxide to 40,000 tons per year, without compromising on product quality.
In July 2019, K + S Aktiengesellschaft invested USD 36 million and expanded the production of the Werra Plant at the Wintershall site in Germany for higher production of magnesium sulfate anhydrous.

Global Food Grade Magnesium Derivatives Market Key Players

Table Of Content

1. Executive Summary
2. Assumptions and Acronyms Used
3. Research Methodology
4. Food Grade Magnesium Derivatives Market Overview
  4.1. Introduction
     4.1.1. Market Taxonomy
     4.1.2. Market Definition
  4.2. Macro-Economic Factors
     4.2.1. Industry Outlook
  4.3. Food Grade Magnesium Derivatives Market Dynamics
     4.3.1. Market Drivers
     4.3.2. Market Restraints
     4.3.3. Opportunity
     4.3.4. Market Trends
  4.4. Food Grade Magnesium Derivatives Market - Supply Chain
  4.5. Global Food Grade Magnesium Derivatives Market Forecast
     4.5.1. Food Grade Magnesium Derivatives Market Size (US$ Mn) and Y-o-Y Growth
     4.5.2. Food Grade Magnesium Derivatives Market Size (000â€™ Units) and Y-o-Y Growth
     4.5.3. Food Grade Magnesium Derivatives Market Absolute $ Opportunity
5. Global Food Grade Magnesium Derivatives Market Analysis and Forecast by Types
  5.1. Market Trends
  5.2. Introduction
     5.2.1. Basis Point Share (BPS) Analysis by Types
     5.2.2. Y-o-Y Growth Projections by Types
  5.3. Food Grade Magnesium Derivatives Market Size and Volume Forecast by Types
     5.3.1. Organic
     5.3.2. Inorganic
  5.4. Absolute $ Opportunity Assessment by Types
  5.5. Market Attractiveness/Growth Potential Analysis by Types
6. Global Food Grade Magnesium Derivatives Market Analysis and Forecast by Applications
  6.1. Market Trends
  6.2. Introduction
     6.2.1. Basis Point Share (BPS) Analysis by Applications
     6.2.2. Y-o-Y Growth Projections by Applications
  6.3. Food Grade Magnesium Derivatives Market Size and Volume Forecast by Applications
     6.3.1. Beverage Industry
     6.3.2. Food Industry
  6.4. Absolute $ Opportunity Assessment by Applications
  6.5. Market Attractiveness/Growth Potential Analysis by Applications
7. Global Food Grade Magnesium Derivatives Market Analysis and Forecast by Region
  7.1. Market Trends
  7.2. Introduction
     7.2.1. Basis Point Share (BPS) Analysis by Region
     7.2.2. Y-o-Y Growth Projections by Region
  7.3. Food Grade Magnesium Derivatives Market Size and Volume Forecast by Region
     7.3.1. North America
     7.3.2. Latin America
     7.3.3. Europe
     7.3.4. Asia Pacific
     7.3.5. Middle East and Africa (MEA)
  7.4. Absolute $ Opportunity Assessment by Region
  7.5. Market Attractiveness/Growth Potential Analysis by Region
  7.6. Global Food Grade Magnesium Derivatives Demand Share Forecast, 2019-2026
8. North America Food Grade Magnesium Derivatives Market Analysis and Forecast
  8.1. Introduction
     8.1.1. Basis Point Share (BPS) Analysis by Country
     8.1.2. Y-o-Y Growth Projections by Country
  8.2. North America Food Grade Magnesium Derivatives Market Size and Volume Forecast by Country
     8.2.1. U.S.
     8.2.2. Canada
  8.3. Absolute $ Opportunity Assessment by Country
  8.4. North America Food Grade Magnesium Derivatives Market Size and Volume Forecast by Types
     8.4.1. Organic
     8.4.2. Inorganic
  8.5. Basis Point Share (BPS) Analysis by Types
  8.6. Y-o-Y Growth Projections by Types
  8.7. North America Food Grade Magnesium Derivatives Market Size and Volume Forecast by Applications
     8.7.1. Beverage Industry
     8.7.2. Food Industry
  8.8. Basis Point Share (BPS) Analysis by Applications
  8.9. Y-o-Y Growth Projections by Applications
  8.10. Market Attractiveness/Growth Potential Analysis
     8.10.1. By Country
     8.10.2. By Product Type
     8.10.3. By Application
  8.11. North America Food Grade Magnesium Derivatives Demand Share Forecast, 2019-2026
9. Latin America Food Grade Magnesium Derivatives Market Analysis and Forecast
  9.1. Introduction
     9.1.1. Basis Point Share (BPS) Analysis by Country
     9.1.2. Y-o-Y Growth Projections by Country
     9.1.3. Latin America Average Pricing Analysis
  9.2. Latin America Food Grade Magnesium Derivatives Market Size and Volume Forecast by Country
      9.2.1. Brazil
      9.2.2. Mexico
      9.2.3. Rest of Latin America
   9.3. Absolute $ Opportunity Assessment by Country
  9.4. Latin America Food Grade Magnesium Derivatives Market Size and Volume Forecast by Types
     9.4.1. Organic
     9.4.2. Inorganic
  9.5. Basis Point Share (BPS) Analysis by Types
  9.6. Y-o-Y Growth Projections by Types
  9.7. Latin America Food Grade Magnesium Derivatives Market Size and Volume Forecast by Applications
     9.7.1. Beverage Industry
     9.7.2. Food Industry
  9.8. Basis Point Share (BPS) Analysis by Applications
  9.9. Y-o-Y Growth Projections by Applications
  9.10. Market Attractiveness/Growth Potential Analysis
     9.10.1. By Country
     9.10.2. By Product Type
     9.10.3. By Application
  9.11. Latin America Food Grade Magnesium Derivatives Demand Share Forecast, 2019-2026
10. Europe Food Grade Magnesium Derivatives Market Analysis and Forecast
  10.1. Introduction
     10.1.1. Basis Point Share (BPS) Analysis by Country
     10.1.2. Y-o-Y Growth Projections by Country
     10.1.3. Europe Average Pricing Analysis
  10.2. Europe Food Grade Magnesium Derivatives Market Size and Volume Forecast by Country
     10.2.1. Germany
     10.2.2. France
     10.2.3. Italy
     10.2.4. U.K.
     10.2.5. Spain
     10.2.6. Russia
     10.2.7. Rest of Europe
  10.3. Absolute $ Opportunity Assessment by Country
  10.4. Europe Food Grade Magnesium Derivatives Market Size and Volume Forecast by Types
     10.4.1. Organic
     10.4.2. Inorganic
  10.5. Basis Point Share (BPS) Analysis by Types
  10.6. Y-o-Y Growth Projections by Types
  10.7. Europe Food Grade Magnesium Derivatives Market Size and Volume Forecast by Applications
     10.7.1. Beverage Industry
     10.7.2. Food Industry
  10.8. Basis Point Share (BPS) Analysis by Applications
  10.9. Y-o-Y Growth Projections by Applications
  10.10. Market Attractiveness/Growth Potential Analysis
     10.10.1. By Country
     10.10.2. By Product Type
     10.10.3. By Application
  10.11. Europe Food Grade Magnesium Derivatives Demand Share Forecast, 2019-2026
11. Asia Pacific Food Grade Magnesium Derivatives Market Analysis and Forecast
  11.1. Introduction
     11.1.1. Basis Point Share (BPS) Analysis by Country
     11.1.2. Y-o-Y Growth Projections by Country
     11.1.3. Asia Pacific Average Pricing Analysis
  11.2. Asia Pacific Food Grade Magnesium Derivatives Market Size and Volume Forecast by Country
     11.2.1. China
     11.2.2. Japan
     11.2.3. South Korea
     11.2.4. India
     11.2.5. Australia
     11.2.6. Rest of Asia Pacific (APAC)
  11.3. Absolute $ Opportunity Assessment by Country
  11.4. Asia Pacific Food Grade Magnesium Derivatives Market Size and Volume Forecast by Types
     11.4.1. Organic
     11.4.2. Inorganic
  11.5. Basis Point Share (BPS) Analysis by Types
  11.6. Y-o-Y Growth Projections by Types
  11.7. Asia Pacific Food Grade Magnesium Derivatives Market Size and Volume Forecast by Applications
     11.7.1. Beverage Industry
     11.7.2. Food Industry
  11.8. Basis Point Share (BPS) Analysis by Applications
  11.9. Y-o-Y Growth Projections by Applications
  11.10. Market Attractiveness/Growth Potential Analysis
     11.10.1. By Country
     11.10.2. By Product Type
     11.10.3. By Application
  11.11. Asia Pacific Food Grade Magnesium Derivatives Demand Share Forecast, 2019-2026
12. Middle East & Africa Food Grade Magnesium Derivatives Market Analysis and Forecast
  12.1. Introduction
     12.1.1. Basis Point Share (BPS) Analysis by Country
     12.1.2. Y-o-Y Growth Projections by Country
     12.1.3. Middle East & Africa Average Pricing Analysis
  12.2. Middle East & Africa Food Grade Magnesium Derivatives Market Size and Volume Forecast by Country
     12.2.1. Saudi Arabia
     12.2.2. South Africa
     12.2.3. UAE
     12.2.4. Rest of Middle East & Africa (MEA)
  12.3. Absolute $ Opportunity Assessment by Country
  12.4. Middle East & Africa Food Grade Magnesium Derivatives Market Size and Volume Forecast by Types
     12.4.1. Organic
     12.4.2. Inorganic
  12.5. Basis Point Share (BPS) Analysis by Types
  12.6. Y-o-Y Growth Projections by Types
  12.7. Middle East & Africa Food Grade Magnesium Derivatives Market Size and Volume Forecast by Applications
     12.7.1. Beverage Industry
     12.7.2. Food Industry
  12.8. Basis Point Share (BPS) Analysis by Applications
  12.9. Y-o-Y Growth Projections by Applications
  12.10. Market Attractiveness/Growth Potential Analysis
     12.10.1. By Country
     12.10.2. By Product Type
     12.10.3. By Application
  12.11. Middle East & Africa Food Grade Magnesium Derivatives Demand Share Forecast, 2019-2026
13. Competition Landscape
  13.1. Global Food Grade Magnesium Derivatives Market: Market Share Analysis
  13.2. Food Grade Magnesium Derivatives Distributors and Customers
  13.3. Food Grade Magnesium Derivatives Market: Competitive Dashboard
  13.4. Company Profiles (Details: Overview, Financials, Developments, Strategy)
     13.4.1. Grecian Magnesite
     13.4.2. Sinwon Industrial Co., Ltd.
     13.4.3. OLE Chemical Co., Ltd.
     13.4.4. Martin Marietta Magnesia Specialties
     13.4.5. Compass Minerals
     13.4.6. Ibar Northeast
     13.4.7. Hawkins
     13.4.8. ICL
     13.4.9. K + S Aktiengesellschaft
     13.4.10. NikoMag
     13.4.11. Rahul Magnesia Pvt. Ltd.
     13.4.12. Novotech Nutraceuticals, Inc.
     13.4.13. Jungbunzlauer Suisse AG
     13.4.14. Oksihim, Ltd.
     13.4.15. James M. Brown Ltd.
     13.4.16. RX Chemicals
     13.4.17. Vizag Chemicals
     13.4.18. Dr. Paul Lohmann GmbH & Co. KGaA
     13.4.19. Corbion
     13.4.20. Gadot Biochemical Industries Ltd.

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