Rising need for nutritional alternatives and innovations in the nutraceuticals industry are driving the market for Anhydrous Magnesium Sulfate
The global Anhydrous Magnesium Sulfate market is expected to develop USD 1334.6 million by 2028, at a compound annual increase in price (CAGR) of 5.5% throughout the forecast period.
Covid-19 Impact and Market Status
The outbreak of the Covid 19 pandemic has affected the several industries, and the magnesium sulfate industry has also not escaped this list. The magnesium sulfate industry was adversely affected by the scarcity in avaiblability of raw material, supply chain management in the agricultural and food industry. Many user-end industries like fertilizers, chemical, food and medicine suffered a steep decline in the magnesium sulfate market.
Other measures taken by the regional government to combat the spread of the virus by imposing national closures and restricting movement have had a major impact on the commercial sector and commercial activities that impact the market.
Animal feed to promote market growth for the Magnesium Sulfate industry
Magnesium sulfate is widely used as animal feed because of its numerous benefits. It avoids the animal from eating human flesh, transportation, and sudden deaths, and reduces meat quality. Lifestyle changes and variations in eating patterns in livestock products promote the growth of the food industry. There is a rise in demand for livestock in the Asian region due to an increase in consumption of meat and dairy products. It had an enormous impact on agricultural production thanks to increased demand. There has been a rapid increase in livestock production, which has disrupted the crop industry providing animal feed, including grain, oilseeds, and fishing grounds. The demand for food has been seen as a dynamic factor that has contributed to the expansion of the grain sector, especially within the developed regions. Increased demand for animal and livestock feed has increased the demand for animal feed sulfate on the market to stay animal health feed from harm, thus supporting the expansion of the worldwide sulfate industry.
The rapid growth of the population along with an increase in the requirement for high-quality food has led to increased demand in the agricultural industry to provide improved goods. The rise in demand for food products along with the rise in demand for magnesium sulfate products for therapeutic use promotes the growth of the Magnesium sulfate market. Additionally, the rising demand in the food and beverage sector is predicted to grow the Magnesium Sulfate market.
By region, The Asia Pacific is estimated to grow the fastest for the magnesium sulfate market. The most reason for this is often the growing demand for giant quantities of food in countries like China and India, thanks to the rise in population in these countries. As fertilizer use increases to attain higher yields, as a result, the employment of sulfate is increasing in these countries. China is the largest producer of magnesium sulfate, followed by the US and Russia, paving way for the magnesium sulfate market to grow at a moderate rate.
The rising awareness for health benefits as well as enhanced yields are positively influencing the Anhydrous Magnesium Market.
Magnesium sulfate is a salt composition of magnesium, sulfur, and oxygen. Epsom salt is additionally called magnesium sulfate. Monohydrate and heptahydrate, are two hydrated varieties of magnesium sulfate. Monohydrate and heptahydrate types carry with them one and 7 H?O molecules respectively. In water, sulfate exhibits very high solubility. It doesn't smell normally. By stopping acid with magnesium carbonate in oxide, sulfate may be prepared automatically. But it's usually found directly within the natural resources. These hydrates are dehydrated to create anhydrous magnesium sulfate.
Magnesium sulfate is a very important component in the production of varied fertilizers. Magnesium sulfate plays a very important role in the regulation of magnesium or sulfur deficiency within the soil. Within the chlorophyll molecule, magnesium is a very important ever and, in eliminating splinters, magnesium sulfate is useful. Increased fertilizer use and high demand for fertilizer producers are expected to further market growth. However, strict government regulations on the employment of certain synthetic fertilizers which will be harmful to human health or the environment are limited to plug growth
Increasing use of nutraceuticals to bring a paradigm shift to the global anhydrous magnesium sulfate market
A growing specialization in nutritional benefits, a rise in the incidence of chronic diseases as well as rapid technological advances by key players within the nutrition sector are a number of the key factors that improve the sulfate market within the long-term forecast. Magnesium is a crucial supplement for the physique and is widely employed in nutraceuticals. Additionally, nutraceuticals are eaten only or as a part of dietary supplements or active foods. The rise in the incidence of chronic diseases and therefore the adverse health effects of traditional medicine products have redirected consumers' interest in natural or organic products. As a result, increasing demand for nutraceuticals releases major market paths for sulfate.
Some major players in the Anhydrous Magnesium Sulfate Market are Giles chemical, Mani Agro Chem Pvt Ltd., Laizhou City Laiyu Chemical Co. Ltd, Laizhou Guancheng Chemical Co., Ltd., Giles Chemical, Acura Organics Limited, Weifang Huakang Magnesium Sulphate Co., Ltd., Morton Salt, Inc., Balaji Industries, and PQ Corporation (US), among others.
Latest Innovations: Magnesium Sulfate Market
- New guidelines in clean-label production are encouraging various developed countries such as Europe to include magnesium sulfate in the production of beer. It is now widely used as a chief ingredient in Bolton beer to ensure high quality and appropriate pricing.
Anhydrous Magnesium Sulfate Market Scope
|Forecast Unit||Value (USD)|
|Revenue forecast in 2028||USD 1334.6 million|
|Growth Rate||CAGR of 5.5 % during 2021-2028|
|Segment Covered||By Form, Regions|
|Regions Covered||North America, Europe, Asia Pacific, Middle East and Africa, South America|
|Key Players Profiled||PQ Corporation (US), UMAI CHEMICAL CO.Ltd (Japan), Giles Chemical (US), Morton Salt Inc (US), Mani Agro Chem Pvt Ltd (India), Acuro Organics Limited (India), Balaji Industries (India)|
Key Segments of the Magnesium Sulfate Market
Type Overview, 2019-2029 (USD Million)
Application Overview, 2019-2029 (USD Million)
Regional Overview, 2019-2029 (USD Million)
- Rest of Europe
- Rest of Asia Pacific
- Rest of South America
The Middle East and South Africa