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Magnesium Citrate Market Revenue, Insights, Overview, Outlook, Analysis | Valuates Reports
Magnesium Citrate Market SizeThe global Magnesium Citrate revenue was US$ 7 million in 2022 and is forecast to a readjusted size of US$ 10 million by 2029 with a CAGR of 4.9% during the forecast period (2023-2029).
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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.
This report focuses on global and India Magnesium Citrate market, also covers the segmentation data of other regions in regional level and county level.
India is now the world's most populous country. According to IMF (its July update to its World Economic Outlook), India's GDP growth is projected at 6.1% in 2023, powered by domestic investment. First and foremost, the key factor in India's rapid economic growth is the huge supply and demand from a large population base. Demand and supply sides working in both directions to support India's economic stability.
India is a market full of opportunities, and the demand for Magnesium Citrate will continue to grow rapidly in the future.
By Type
• Anhydrous Type
• Nonahydrate Type
• Other
By Application
• Nutrient Supplement
• Food & Beverage Industry
• Pharmaceutical Industry
Key Companies
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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