North America Epsom Salt to Grow at 4.39% CAGR to Reach USD 959.1 Million by 2027
Market Research Future published a Cooked Research Report on North America Epsom Salt. The North America Epsom Salt Market Value is estimated to grow at 4.39% by 2027.
Epsom Salt is made from Magnesium Sulphate. Epsom salt has various applications such as gardening, agriculture process, healthcare, home remedies, cosmetics and others. Cosmetic & personal care products is witnessing an impressive growth in North America region which in turn is supporting the sales of Epsom Salt during the forecast period.
Epsom salt is used as an ingredient in various cosmetic & personal care products which in turn will support the sales of epsom salt during the forecast period. Epsom salt is also primarily used in farming of fruits, vegetables, nuts, horticulture, plants, tobacco, tea, coffee, and dry/salty soil. Hence, creating a huge opportunity for this market to grow as the demands of Epsom salt is increasing in recent years. The various application of Epsom salt in agriculture and gardening purpose is estimated to drive the market during the forecast period. These factors will play a key role in the growth of epsom salt market at the CAGR of 4.39% during 2017-2027.
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Key Players and Competitive Analysis:
This report includes a study of strategies used in the market, mergers and acquisitions in epsom salt, multiple product launch by Epsom Salt Market players. It further includes product portfolios and developments of leading major players which includes
• Bathclin (Japan)
• Parfums De Coeur, Ltd (U.S.)
• CVS Pharmacy (U.S.)
• San Francisco Salt Company (U.S.)
• SaltWorks, Inc.(U.S.)
• Morton Salt Company (U.S.)
• Baymag Inc. (Canada)
The North America Epsom Salt Market is mainly occupied by some key manufacturers. The competitive environment in this market is expected to increase with an increase in product portfolio from current key players. Most of the companies operating in this market are focusing on expanding its operations across the geographies, augmenting its capabilities and investing in research and development to offer products with better functionality.
By Downstream Analysis:
Among the form type, crystal segment is anticipated to retain its dominance throughout the forecast period. Also, the segment is projected to register healthy CAGR of 4.16% during the forecast period. Bath bombs segment is also projected to grow at a healthy CAGR of 4.91% during the forecast period 2017-2027. In terms of application, personal care & home care segment is projected to dominate the market, and it is estimated to retain its dominance throughout the forecast period. However, food additives & pharmaceutical segment is anticipated to grow a higher CAGR as compared to the other application segment.
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The North America epsom salt market is segmented into U.S., Canada, and Mexico. Among these, U.S. is projected to retain its dominance in the North America Epsom salt market during the forecast period. U.S. is one of the largest producer and exporter of fertilizer which is a key factor for the growth of epsom salt in the U.S. Apart from that, epsom salt widely used in the cosmetic & home care products. The demand from the cosmetic companies for Epsom salt in U.S. will further increase the demand of epsom salt during the forecast period. Furthermore, Canada is estimated to grow at a higher CAGR of 5.04% during the forecast period.
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