Magnesium Chelates Market Are Estimated To Reach US$ 404.7 Million By 2033

As per the latest industry report by Fact.MR, a market research and competitive intelligence provider, the global Magnesium Chelates Market is forecasted to rise at 5.9% CAGR and reach a valuation of US$ 404.7 million by the end of 2033.

Magnesium chelate is a form of magnesium supplement in which the mineral is bonded to a chelating agent. A chelating agent is a compound that forms a stable complex with a metal ion, such as magnesium, to enhance its absorption and bioavailability in the body. Magnesium chelate, in general, offer improved absorption and bioavailability compared to other forms of magnesium supplements.

𝐅𝐨𝐫 𝐌𝐨𝐫𝐞 𝐈𝐧𝐬𝐢𝐠𝐡𝐭𝐬 𝐢𝐧𝐭𝐨 𝐭𝐡𝐞 𝐌𝐚𝐫𝐤𝐞𝐭, 𝐑𝐞𝐪𝐮𝐞𝐬𝐭 𝐚 𝐒𝐚𝐦𝐩𝐥𝐞 𝐨𝐟 𝐭𝐡𝐢𝐬 𝐑𝐞𝐩𝐨𝐫𝐭:
https://www.factmr.com/connectus/sample?flag=S&rep_id=8757

Magnesium deficiency is a common health issue globally. Factors such as poor dietary habits, increased stress levels, and certain medical conditions contribute to magnesium deficiency. The increasing need to maintain cognitive well-being among the geriatric population is driving market growth.

When in powdered form, magnesium chelates have the advantage of being in a highly soluble state, which aids absorption. The chelation process ensures that the magnesium remains stable and protected, facilitating better absorption in the body. Some individuals can have difficulty swallowing tablets or capsules or have digestive sensitivities that make it challenging to tolerate certain forms of magnesium supplements.

𝐊𝐞𝐲 𝐓𝐚𝐤𝐞𝐚𝐰𝐚𝐲𝐬 𝐟𝐫𝐨𝐦 𝐌𝐚𝐫𝐤𝐞𝐭 𝐒𝐭𝐮𝐝𝐲

• The global magnesium chelate market is valued at US$ 228.1 million in 2023.
• The market is projected to expand at a CAGR of 5.9% over the next ten years (2023 to 2033).
• Worldwide magnesium chelate sales are predicted to reach US$ 404.7 million by 2033.
• Use of magnesium chelate in beverages is set to rise at a CAGR of 6.2% over the next ten years.
• The market in the United States is estimated to reach US$ 74.1 million by 2033.
• The market in Germany is predicted to expand at 6.5% CAGR through 2033.

"Many beverages, such as sports drinks or electrolyte beverages, are consumed for hydration and replenishing electrolytes. By incorporating magnesium chelates into these beverages, it not only helps maintain electrolyte balance but also provides the added benefits of magnesium supplementation, which is the main reason driving their demand," says a Fact.MR analyst

𝐖𝐢𝐧𝐧𝐢𝐧𝐠 𝐒𝐭𝐫𝐚𝐭𝐞𝐠𝐲

Leading companies are continuously improving products, staying updated with scientific advancements, and incorporating customer feedback into product development processes to remain competitive in the market. They aim to meet the evolving needs and preferences of consumers while solidifying their position in the market.

For instance,
• Kappa Bioscience launched K2VITAL®️ Magnesium, a combination product that pairs magnesium chelates with vitamin K2. This formulation aims to support both magnesium levels and the activation of vitamin K2 for overall bone and cardiovascular health.

𝐊𝐞𝐲 𝐂𝐨𝐦𝐩𝐚𝐧𝐢𝐞𝐬 𝐏𝐫𝐨𝐟𝐢𝐥𝐞𝐝

• Novotech Nutraceuticals, Inc.
• Balchem Inc.
• Reliance Private Label Supplements
• Peptech Biosciences Ltd.
• Ava Chemicals Private Limited
• Kompava
• Ajinomoto
• Blue- Dip Organic Industries

𝐂𝐮𝐫𝐫𝐞𝐧𝐭 𝐒𝐭𝐚𝐭𝐮𝐬 𝐨𝐟 𝐭𝐡𝐞 𝐌𝐚𝐠𝐧𝐞𝐬𝐢𝐮𝐦 𝐂𝐡𝐞𝐥𝐚𝐭𝐞𝐬 𝐈𝐧𝐝𝐮𝐬𝐭𝐫𝐲 𝐢𝐧 𝐆𝐞𝐫𝐦𝐚𝐧𝐲

"Rising Healthcare Expenditure Boosting Market Dynamics"

In 2023, the sales of magnesium chelate in Germany have reached a significant value of US$ 29 million. The robust wellness sector significantly contributes to the heightened demand for magnesium chelates within the country. This demand is fueled by the increasing health consciousness among consumers, accompanied by a prevalent concern for magnesium deficiency. The market for magnesium chelates in Germany thrives, supported by the parallel growth in healthcare expenditure.

𝐆𝐞𝐭 𝐅𝐮𝐥𝐥 𝐀𝐜𝐜𝐞𝐬𝐬 𝐨𝐟 𝐂𝐨𝐦𝐩𝐥𝐞𝐭𝐞 𝐑𝐞𝐩𝐨𝐫𝐭:
https://www.factmr.com/checkout/8757

𝐌𝐨𝐫𝐞 𝐕𝐚𝐥𝐮𝐚𝐛𝐥𝐞 𝐈𝐧𝐬𝐢𝐠𝐡𝐭𝐬 𝐨𝐧 𝐎𝐟𝐟𝐞𝐫

Fact.MR, in its new offering, presents an unbiased analysis of the global magnesium chelates market, presenting historical demand data (2018 to 2022) and forecast statistics for the period (2023 to 2033).

The study divulges essential insights on the magnesium chelates market based on form (powder, crystalline), type (magnesium bisglycinate, magnesium amino acid chelate, magnesium citrate, magnesium glycinate, magnesium taurate, others), and application (beverages, nutritional bars, powder mixes, meal replacement products, across five major regions of the world (North America, Europe, Asia Pacific, Latin America, and MEA).

𝐂𝐨𝐧𝐭𝐚𝐜𝐭:
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This release was published on openPR.