Magnesium Citrate Market: Global Analysis and Forecast 2023-2029

Magnesium Citrate Market was valued at US$ 49.20 million. During the forecast period, the market is expected to increase at a CAGR of 3.2% by 2029, the market is anticipated to be worth US$ 61.34 million.
Magnesium Citrate Market Overview:
Magnesium citrate is a citric acid constructed on magnesium grounding in the form of a salt. It's commonly developed in the food and beverage sector, as well as the pharmaceutical industry. Magnesium citrate is a magnesium enhancement that combines with citric acid in a salt form. It can be originated in a wide range of dietary supplements, medications, and food and beverage substances. Magnesium citrate is flattering progressively widely used in processed meals and ready-to-drink beverages as a food preservative.To know about the Research Methodology :- Request Free Sample Report

Magnesium citrate is easily engrossed by the body when compared to other forms of magnesium. It's often used as saline purgative in pharmaceuticals. It is suitably more popular as a laxative, as it aids in the usage of constipation, especially when dietary and behavioural changes have been botched. Higher doses of magnesium citrate are used for medical purposes, such as colonoscopy, and are overseen under strict administration. The significance of magnesium in the diet is growing as people become more aware of health anxieties.
Magnesium Citrate Market Dynamics:
Magnesium's Health Benefits are expected to drive growth in the market. Heart disease and stroke are both improved by high blood pressure. Magnesium stretches the arteries, which helps to reduce and conserve blood pressure. Magnesium works with calcium to keep bones vigorous, and a lack of it raises the risk of osteoporosis. Muscles that privation magnesium will repeatedly be in a state of shrivelling, which is unpleasant and inhibits appropriate muscular purpose and movement. Cramps, chronic muscle soreness, and muscle spasms are all indications of magnesium insufficiency. According to the World Journal of Diabetics, magnesium is good for persons with type 2 diabetes since it aids in blood sugar parameters.

Muscles lacking in magnesium are constantly contracting, which is uncomfortable and prevents proper muscle function and association. Magnesium shortage causes cramps, determined muscle discomfort, and muscle contractions. Magnesium is good for persons with type 2 diabetes since it aids in blood sugar guidelines, according to the World Journal of Diabetics.

Minerals must be ingested in relatively considerable amounts each day, which are typically not abounding through a normal diet, compelling the use of supplements. Magnesium deficiency can cause complications with bones, muscles, cardiovascular function, and other bodily schemes. Magnesium citrate manufacturers are projected to make momentous profits with adequate educational advertising and marketing. More magnesium citrate products with various supplementary minerals, vitamins, and premixes are projected to be developed by magnesium citrate manufacturers which are giving a huge opportunity for the market.

Moreover, it’s not meant to be used for a long time. Magnesium citrate should be evaded by anyone who grieves from untiring, long-term constipation. Regular usage of magnesium citrate may cause the body to become reliant on it, making it difficult to pass faces without the use of purgatives which is a major challenging factor for the market.

Health Benefit included in Magnesium Citrate Market:

Magnesium citrate has a numeral of health benefits, comprising improved heart health, bone density, muscle control, blood pressure management, and blood sugar regulation. Magnesium is an electrolyte that aids in the effective pushing of blood by the heart, hence improving brain function. Arrhythmia, or irregular heartbeat, can be assisted by taking a magnesium supplement. High blood pressure upsurges the risk of heart disease and stroke. Magnesium helps to lower and maintain blood pressure by dilation of the arteries. Magnesium helps to keep bones vigorous by interacting with calcium, and a lack of it growths the risk of osteoporosis.
Magnesium Citrate Market Segment Analysis:
By Type, the market is segmented into Anhydrous type, Nonahydrate type, and Others. The Anhydrous type segment is expected to hold the highest market share in terms of revenue by 2029. Due to its ease of submission and obtainability, anhydrous ammonia is a widespread fertiliser used on farms all over the world. It is commonly used as a nitrogen fertiliser that assists in both plant expansion and mould control. Anhydrous ammonia serves an assortment of roles on the farm, in addition to being a nitrogen stimulant. It has been used to diminish mould construction in high moisture grains. It also uses the same protections while smearing it to grain as it would applying it as a stimulant.

By Application, the market is segmented into Food & Beverage, Pharmaceuticals, Nutrient Supplement, Cosmetics Industry, and Others. The Cosmetics Industry segment is expected to hold 38.5% of the overall market share in terms of revenue by 2029. Magnesium based cosmetics are already obtainable in several forms on the market. A magnesium citrate cleanser is used for deep purgative and exfoliation. It is especially prevalent among those with penetrating skin because it has a milder effect on the skin than other products on the market. Face massage products comprising magnesium citrate have also gained admiration. Makeup products are also encompassed.

However, the Pharmaceuticals segment is expected to grow at a CAGR of 4.6% through the forecast period. Magnesium citrate is short-term management for occasional constipation. Magnesium citrate will be appropriate to the saline laxatives class of drugs. It works by producing the stool to be water retained. This increases bowel association occurrence and softens the faeces, making it humbler to pass.
Magnesium Citrate Market Regional Insights:
The Europe region accounted for the largest market share in 2022 for the Magnesium Citrate market. Due to the wide usage of popularity among people in cosmetics products, the market for magnesium citrate is constantly growing. Face massage products comprising magnesium citrate have also gained popularity in various countries like the U.K, Germany and France). Magnesium citrate leaves on a product is now commonly recycled to make the face shimmer and glow after solicitation. One of the main reasons magnesium citrate-based cosmetics have grown in favour in the beauty commercial is because they are safer for the body and thus driving the growth of the magnesium citrate market in this region.

The objective of the report is to present a comprehensive analysis of the market to the stakeholders in the industry. The past and current status of the industry with the forecasted market size and trends are presented in the report with the analysis of complicated data in simple language. The report covers all the aspects of the industry with a dedicated study of key players that include market leaders, followers, and new entrants.

PORTER, PESTEL analysis with the potential impact of micro-economic factors of the market have been presented in the report. External as well as internal factors that are supposed to affect the business positively or negatively have been analyzed, which will give a clear futuristic view of the industry to the decision-makers. The reports also help in understanding the market dynamics, structure by analyzing the market segments and projecting the market size. Clear representation of competitive analysis of key players by Technology, price, financial position, product portfolio, growth strategies, and regional presence in the market makes the report investor's guide.
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Magnesium Citrate Market


Report Coverage
Details


Base Year:
2022
Forecast Period:
2023-2029


Historical Data:
2017 to 2022
Market Size in 2022:
US $ 49.20 Mn.


Forecast Period 2023 to 2029 CAGR:
6.3%
Market Size in 2029:
US $ 61.34 Mn.


 Segments Covered:
by Type
Anhydrous type
Nonahydrate type
Others


by Application
Nutrient Supplement
Food & Beverage Industry
Pharmaceutical Industry
Others


by Product Type
Powder
Liquid
Tablet
Others (sofr gels, capsules, etc.)



Magnesium Citrate Market, by Region
North America (United States, Canada and Mexico)
Europe (UK, France, Germany, Italy, Spain, Sweden, Austria, Turkey, Russia and Rest of Europe)
Asia Pacific (China, India, Japan, South Korea, Australia, ASEAN and Rest of APAC)
Middle East and Africa (South Africa, GCC, Egypt, Nigeria and Rest of ME&A)
South America (Brazil, Argentina, Columbia and Rest of South America)
Magnesium Citrate Market, Key Players are
1. Life Extension Europe B.V.
2. Jungbunzlauer
3. Global Calcium
4. Gadot Biochemical Industries
5. Sucroal
6. Dr. Paul Lohmann
7. Penglai Marine
8. Dongtai Food Ingredients
9. Yunbo Chemical
10. Xiyang Chemical
11. Hengheng Fine Chemical
12. Lianyungang Hengsheng Fine Chemical Ltd
13. Nature Made
14. NOW Health Group Inc
15. Solgar Inc

Frequently Asked Questions:

1] What segments are covered in the Magnesium Citrate Market report?
Ans. The segments covered in the Magnesium Citrate Market report are based on Type and Application.

2] Which region is expected to hold the highest share in the Magnesium Citrate Market?
Ans. The European region is expected to hold the highest share in the Magnesium Citrate Market.

3] What is the market size of the Magnesium Citrate Market by 2029?
Ans. The market size of the Magnesium Citrate Market is expected to be 61.34  Mn. by 2029.

4] What is the forecast period for the Magnesium Citrate Market?
Ans. The forecast period for the Magnesium Citrate Market is 2023-2029.

5] What was the market size of the Magnesium Citrate market in 2022?
Ans. The market size of the Magnesium Citrate market in 2022 was US$ 49.20 Mn.