Global Magnesium Lactate Market Global Size, Trends, Competitive, Historical and Forecast Analysis, 2021-2027, Increasing demand of magnesium lactate in nutritional supplements, growing pharmaceutical industry, and rising government initiatives to increase the use of magnesium lactate for controlling malnutrition and hunger are the major factors anticipated to drive the growth of Global Magnesium Lactate Market.
Global Magnesium Lactate Market is expected to grow with a CAGR of 9.2% over the forecast period.
Magnesium lactate is a mineral that is naturally occurring and that is required in the body for the proper function of the heart, nervous system, and digestive system. Magnesium lactate is utilized as a mineral supplement for the treatment of magnesium deficiency. Compared to another form of magnesium lactate has proved to be simply absorbed by the body. Thus, a lower daily intake is required magnesium represents a component mostly required for normal growth and maintenance of bones and proper muscles, nerve, and stomach functioning. Magnesium Lactate was first released in 1987. According to a 2017 analysis by NCBI it was stated that magnesium lactate absorbs in the gut easily.
COVID-19 pandemic has also impacted the growth of the global magnesium lactate market. A study published by Lancet Psychiatry finds that insomnia may be one of the most common neurological and psychiatric outcomes from COVID-19, as magnesium lactate an essential mineral that calms the central nervous system and inducing sleep. Magnesium supplements for sleep are used as common natural sleep supplements. Therefore magnesium lactate is used in post-COVID complications like sleep deprivation which is boosting the growth of the market over the forecast period.
Some major key players for global magnesium lactate market report cover are American Elements, Corbion, Magnesia GmbH, Gadot Biochemical, Jungbunzlauer Suisse, Jost Chemical, Dr. Paul Lohmann, Lehmann & Voss & Co., Penta Manufacturing, K+S Group, PMP Fermentation Products, and others.
Global magnesium lactate market is segmented on the basis of grade, application, and region & country level. On the basis of grade, the global magnesium lactate market is divided into food grade, industrial grade, and pharmaceutical grade. On the basis of application, the market is segmented into personal care and cosmetics, pharmaceuticals, food and beverage, agrochemicals, and others.
The regions covered in global magnesium lactate market report are North America, Europe, Asia-Pacific, Latin America and Rest of the World. On the basis of country level, the market of global magnesium lactate is sub divided into U.S., Mexico, Canada, U.K., France, Germany, Italy, China, India, Japan, South East Asia, Middle East Asia (UAE, Egypt, Saudi Arabia) GCC, Africa, etc.
One of the major factors driving the growth of global magnesium lactate market is the increasing demand for magnesium lactate in nutritional supplements. Magnesium lactate is a normally occurring mineral that is required in the body to assist the function of the heart, digestive system, and nervous system. Magnesium lactate is utilized as a mineral supplement to take care of magnesium inadequacy. For instance; according to the CDC, among U.S. grown-ups matured 20 and more than, 57.6% utilized any dietary supplement in 2018, and use was higher among ladies about 63.8% than men about 50.8%. Dietary supplement use raised with age, by and large, and in both genders, and was most high among ladies matured 60.
In addition, a large number of pharmaceutical companies are entering the field of nutritional supplements due to the rising demand from consumers. People are getting more aware of healthy lifestyles hence the demand for magnesium lactate in nutritional supplements is increasing rapidly. For instance; in 2016, the U.S. Food and Drug Administration (FDA) permitted 27 latest medicines, counting 22 new medicines approved by the FDA Center for Drug Evaluation (CDER).
Furthermore, the rising number of government initiatives to increase the use of magnesium lactate for controlling malnutrition and hunger are also supplementing the market growth. For example; as per the State of Food Security and Nutrition in the World, in excess of 820 million individuals globally are as yet hungry, highlighting the immense challenge of accomplishing the Zero Hunger focus by 2030. However, side effects caused by magnesium lactate like diarrhea bloating, gas or upset stomach may hamper the market growth. In spite of that, magnesium lactate developments in the healthcare industry are some opportunities in the growth of the global magnesium lactate market.
North America is expected to dominate the global magnesium lactate Industry due to the increasing use of dietary supplements for a healthy lifestyle and the presence of key players in this region. Multivitamins are the most generally utilized item among sorts of dietary supplements in the United States. For instance; according to the National Institutes of Health; in 2020, there are in excess of 50,000 dietary supplement items advertised in the United States, where about 50% of the American grown-up populace consumes dietary supplements.
Asia Pacific is anticipated to grow at a faster pace in the global magnesium lactate Industry within the forecast period due to the rising demand for nutritional supplements and increasing cases of malnutrition in this region. For instance; according to the Global Hunger Index (GHI), in India, about 44% of children are under the age of 5 underweight. Also, about 72% of newborn children and 52% of wedded ladies have anemia.
The Middle East and Africa
|2015 - 2020
|2021 - 2027
|Market Size in 2020:
|USD XXX Million
|Base year considered
|Forecast Period CAGR %:
|Market Size Expected in 2027:
|USD XXX Million
|Tables, Charts & Figures:
|Magnesium Lactate Manufacturers
|American Elements, Corbion, Magnesia GmbH, Gadot Biochemical, Jungbunzlauer Suisse, Jost Chemical, Dr. Paul Lohmann, Lehmann & Voss & Co., Penta Manufacturing, K+S Group, PMP Fermentation Products, and others.
By Grade, By Application
|North America, U.S., Mexico, Canada, Europe, UK, France, Germany, Italy, Asia Pacific, China, Japan, India, Southeast Asia, South America, Brazil, Argentina, Columbia, The Middle East and Africa, GCC, Africa, Rest of the Middle East and Africa
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