Magnesium Phosphate Market Top Key Industry Players: Jost Chemical, American Elements, Anmol Chemicals Group, Celtic Chemicals, Hap Seng, Nexgen Chemicals,Redox, Shanpar

Increasing consumer spending on bakery products due to changing food habits globally will propel the magnesium phosphate market growth. Improved leavening & anticaking functions along with higher product usage as acidulant has enhanced the product scope in bakery applications. As per World Grain, global breads and rolls market is estimated to reach USD 216 billion by 2020. Moreover, higher product adoption in cheese preparations and cheese-based sauces as emulsifying salts will support industry demand.

Request for a sample of this research report @ https://www.gminsights.com/request-sample/detail/2707

Rising product adoption in biomedical industry as drug and gene delivery vehicles are among major factors driving the industry growth. Technological advancement in nanoparticles has enhanced the product penetration particularly in biomedical industry. In addition, strong outlook in scaffolds for growing bones and tissues will propel the magnesium phosphate market.

Dimagnesium phosphate held the maximum market volume share of over 45% in 2017. Extensive use of dimagnesium phosphate as a PH regulation reagent, nutrition supplement agent, a stabilizer and an emulsifier to improve the appearance and taste of dishes will have a positive impact on the product demand. Moreover, increasing use in bakery applications as a leavening agent to enhance fluffiness and dough rise would further strengthen the product penetration.

Food & beverage application is anticipated to witness a significant growth over the forecast period. This growth can be credited to factors such as enhanced energy production, maintaining mineral balance and enzyme activity regulation. Strong outlook in bakery industry as a leavening agent will enhance the product penetration in food industry. In addition, reduced chances of diabetes, heart diseases and hypertension will propel the business size.

Make an inquiry for purchasing this report @ https://www.gminsights.com/inquiry-before-buying/2707

Magnesium Phosphate Market, By Product
• Monomagnesium phosphate
o End-use
 Food & beverages
 Bakery
 Nutritional supplement
 Others
 Pharmaceuticals
 Excipients
 Dental care
 Active ingredients
 Animal feed
 Fertilizers
 Others
• Di-magnesium phosphate
o End-use
 Food & beverages
 Bakery
 Nutritional supplement
 Dairy
 Others
 Pharmaceuticals
 Excipients
 Active ingredients
 Drinking water treatment
 Animal feed
 Fertilizers
 Others
• Trimagnesium phosphate
o End-use
 Food & beverages
 Bakery
 Nutritional supplement
 Dairy
 Others
 Pharmaceuticals
 Excipients
 Dental care
 Active ingredients
 Animal Feed
 Fertilizers

Browse Full Report @ https://www.gminsights.com/industry-analysis/magnesium-phosphate-market

North America accounted for over 15% of the global magnesium phosphate market share in 2017. Growth in pharmaceutical industry along with increasing healthcare spending in the region are key factors driving the industry demand. Potential applications as active pharmaceutical ingredients will support the industry demand.

Asia Pacific dominates the magnesium phosphate market and holds the maximum volume share of over 45% in 2017. Rising food & beverage and agriculture industries in this region are projected to fuel the market demand. Growing government focus and support on training the farmers to enhance plant growth, crop nutrition and yield are further driving the business growth.

Celtic Chemicals, KRONOX Lab Science, Triveni Chemicals, Refractory Minerals Company, Innophos and Jost Chemicals are among major magnesium phosphate market participants. Other prominent industry players include Manus Aktteva Biopharma, Nexgen Chemicals, Hap Seng, Pacific Chemicals Company, Shanpar, Redox and Nikunj Chemicals. Mergers and acquisitions, product innovations and supply agreements for business expansion are the major strategies adopted by industry participants. For instance, in August 2017, Innophos Holdings acquired Novel Ingredients to expand business in nutrition market and develop innovative ingredient solutions for customers.

About Global Market Insights

Global Market Insights, Inc., headquartered in Delaware, U.S., is a global market research and consulting service provider; offering syndicated and custom research reports along with growth consulting services. Our business intelligence and industry research reports offer clients with penetrative insights and actionable market data specially designed and presented to aid strategic decision making. These exhaustive reports are designed via a proprietary research methodology and are available for key industries such as chemicals, advanced materials, technology, renewable energy and biotechnology.

Contact Us:

Arun Hegde
Corporate Sales, USA
Global Market Insights, Inc.
Phone: 1-302-846-7766
Toll Free: 1-888-689-0688
Email: sales@gminsights.com
Web: https://www.gminsights.com

This release was published on openPR.