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Magnesium Citrate Market Revenue, Insights, Overview, Outlook, Analysis | Valuates Reports
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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.
The market is mainly driven by the significant applications of Magnesium Citrate in various end use industries. The expanding demands from the Nutrient Supplement, Food & Beverage Industry, Pharmaceutical Industry and Others, are propelling Magnesium Citrate market. Anhydrous Type, one of the segments analysed in this report, is projected to record % CAGR and reach US$ million by the end of the analysis period. Growth in the Nonahydrate Type segment is estimated at % CAGR for the next seven-year period.
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Currently, there are many suppliers all over the world, such as Jungbunzlauer, Global Calcium, Gadot Biochemical Industries, Sucroal, Dr. Paul Lohmann, Penglai Marine, Dongtai Food Ingredients, Xiyang Chemical and Hengheng Fine Chemical etc. Market concentration in this industry is high, and total sales share of those 10 suppliers is 92%. During all those manufacturers, Jungbunzlauer and Gadot Biochemical Industries are top two suppliers.
Global major consumption regions are distributed in North America, Europe, Asia Pacific, South America, Middle East and Africa. North America is the largest consumption share of 38%. Europe consumption is the second largest consumption region.
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By Type
• Anhydrous Type
• Nonahydrate Type
• Other
By Application
• Nutrient Supplement
• Food & Beverage Industry
• Pharmaceutical Industry
• Others
View Full Report: https://reports.valuates.com/market-reports/QYRE-Auto-36G2201/global-magnesium-citrate
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