Magnesium Phosphate Market Forecasts to 2028 – Global Analysis By Product (Di-Magnesium Phosphate, Monomagnesium Phosphate, Trimagnesium Phosphate), End User (Food & Beverages, Pharmaceuticals) and By Geography
According to Stratistics MRC, the Global Magnesium Phosphate Market is accounted for $1.12 billion in 2020 and is expected to reach $1.79 billion by 2028 growing at a CAGR of 6.0% during the forecast period. Rising product consumption from various applications like fertilizers, pharmaceuticals, and food & beverage and the rising emphasis on human consumption are driving the market growth. However, an overdose of magnesium phosphate in food may cause stomach upset, respiratory issues and lethargy is restraining the market.
Magnesium phosphate is a mixture of magnesium and phosphate ions and appearing in different forms. Magnesium phosphate salts are crystalline powder, white color and odorless, chemically stable, high strength, partially dissolve in water, toughness, and unsolvable in alcohol.
Based on product, the di-magnesium phosphate segment is going to have lucrative growth during the forecast period as it is used in different bakery applications as a leavening agent to enhance the rise and fluffiness of the dough. By geography, North America is going to have high growth during the forecast period due to the increasing calcium deficiency among the old people.
Some of the key players profiled in the Magnesium Phosphate include American Elements, Anmol Chemicals Group, Celtic Chemicals, Hap Seng, Hindustan Phosphate, Innophos Holdings, Jost Chemical, Manus Aktteva Biopharma, Nexgen Chemicals, Nikunj Chemicals, Nithyasri Chemicals, Pacific Chemicals Company, Powder Pack Chem, Redox, Shanpar, Refractory Minerals Company, The Mosaic Company, and Triveni Chemicals.
Estimated Market Size in 2020:
USD 1.12 billion
Compound Annual Growth Rate (CAGR) from 2020 to 2028:
Predicted 2028 Value:
USD 1.79 billion
Tables, Graphs & Figures
Product, End User and Region
Core Drivers and Opportunities:
Restraining Factors & Market Threats:
• Di-Magnesium Phosphate
• Monomagnesium Phosphate
• Trimagnesium Phosphate
End Users Covered:
• Food & Beverages
• Animal Feed
• Drinking Water Treatment
• North America
o Rest of Europe
• Asia Pacific
o New Zealand
o South Korea
o Rest of Asia Pacific
• South America
o Rest of South America
• Middle East & Africa
o Saudi Arabia
o South Africa
o Rest of Middle East & Africa
What our report offers:
- Market share assessments for the regional and country-level segments
- Strategic recommendations for the new entrants
- Covers Market data for the years 2019, 2020, 2021, 2025 and 2028
- Market Trends (Drivers, Constraints, Opportunities, Threats, Challenges, Investment Opportunities, and recommendations)
- Strategic recommendations in key business segments based on the market estimations
- Competitive landscaping mapping the key common trends
- Company profiling with detailed strategies, financials, and recent developments
- Supply chain trends mapping the latest technological advancements
Free Customization Offerings:
All the customers of this report will be entitled to receive one of the following free customization options:
• Company Profiling
o Comprehensive profiling of additional market players (up to 3)
o SWOT Analysis of key players (up to 3)
• Regional Segmentation
o Market estimations, Forecasts and CAGR of any prominent country as per the client's interest (Note: Depends on feasibility check)
• Competitive Benchmarking
o Benchmarking of key players based on product portfolio, geographical presence, and strategic alliances
Key Questions Answered In The Report
The Global Magnesium Phosphate Market is majorly driven by increase in demand from wastewater treatment, rising demand from healthcare and food & beverage industries, and growing demand for fertilizers globally.
The di-magnesium phosphate segment is growing at a highest CAGR owing to the rise in product usage in the food & beverage industry and increasing product usage in stabilizing meat products.
Asia Pacific dominated with a significant market share due to the rising population density in china and India is escalating food and beverage demand and rising pharmaceutical industry.
North America market is growing at a highest CAGR due to the rise in calcium absences among aged people and improving research and development actions.
Key players in Magnesium Phosphate Market include American Elements, Anmol Chemicals Group, Celtic Chemicals, Hap Seng, Hindustan Phosphate, Innophos Holdings, Jost Chemical, Manus Aktteva Biopharma, Nexgen Chemicals, Nikunj Chemicals, Nithyasri Chemicals, Pacific Chemicals Company, Powder Pack Chem, Redox, Shanpar, Refractory Minerals Company, The Mosaic Company, and Triveni Chemicals.
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