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Magnesium Citrate Market: Competitive Dynamics & Global Outlook 2023
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.
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Global Magnesium Citrate Market: Forecast by Type / Application / Region
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.
Over the next five years, LPI(LP Information) projects that Magnesium Citrate will register a 3.6% CAGR in terms of revenue, reach US$ 47 million by 2023, from US$ 40 million in 2017.
Global Magnesium Citrate Market: Key Players
Jungbunzlauer
Global Calcium
Gadot Biochemical Industries
Sucroal
Dr. Paul Lohmann
Penglai Marine
Dongtai Food Ingredients
Yunbo Chemical
Xiyang Chemical
Hengheng Fine Chemical
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Related Information:
United States Magnesium Citrate Market Research Report 2018
Europe Magnesium Citrate Market Research Report 2018
North America Magnesium Citrate Market Research Report 2018
Asia-Pacific Magnesium Citrate Market Research Report 2018
China Magnesium Citrate Market Research Report 2018
EMEA Magnesium Citrate Market Research Report 2018
Global Magnesium Citrate Market Research Report 2018
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