Magnesium Stearate Market
Magnesium Stearate Market Forecasts to 2030 - Global Analysis by Type (Food Grade Magnesium Stearate, Pharmaceutical Grade Magnesium Stearate, Cosmetic Grade Magnesium Stearate, Industrial Grade Magnesium Stearate and Other Types), Application and By Geography
According to Stratistics MRC, the Global Magnesium Stearate Market is accounted for $2122.5 million in 2024 and is expected to reach $3239.3 million by 2030 growing at a CAGR of 7.3% during the forecast period. Magnesium stearate is a chemical substance that is widely employed as a lubricant and flow agent in the production of pharmaceuticals, cosmetics, and food goods. Stearic acid, a fatty acid obtained from plant or animal sources, reacts with magnesium salts to form this white, waxy powder. Magnesium stearate improves the uniformity of the finished product, keeps ingredients from clinging to equipment, and facilitates the flow of powders throughout the tablet or capsule manufacturing process. It is frequently used in medications, cosmetics, and nutritional supplements and is generally accepted to be safe when used in moderation.
Market Dynamics:
Driver:
Rising Demand for Dietary Supplements
The growing demand for dietary supplements drives up the magnesium stearate market, as it is extensively employed as a lubricant in tablet and capsule manufacture. By enhancing flowability, keeping consistency in supplement formulas, and avoiding ingredients from adhering to machinery, magnesium stearate guarantees efficient production. The usage of magnesium stearate in the manufacturing of vitamins, minerals, and other dietary supplements is being driven by the growing need for effective excipients as consumers place a greater emphasis on their health and well-being. Thus, it drives the growth of the market.
Restraint:
Health Concerns and Safety Issues
Health concerns, such as magnesium stearate's tendency to limit nutrient absorption and induce gastrointestinal difficulties, can have a detrimental impact on its market growth. The need for natural or alternative excipients may be fueled by consumer mistrust, especially among health-conscious persons. Furthermore, regulatory scrutiny and unfavorable media coverage may result in a decrease in the compound's use in pharmaceuticals, cosmetics, and dietary supplements, which would limit its growth, particularly in markets for clean-label and wellness products.
Opportunity:
Cosmetics and Personal Care Industry Growth
The expansion of the cosmetics and personal care industries benefits the magnesium stearate market since the substance is widely utilized in cosmetic formulations, particularly powders, creams, and lotions. Magnesium stearate is a popular ingredient in many personal care products because it improves smoothness, increases product stability, and inhibits clumping. The necessity for magnesium stearate in the production of cosmetics is growing along with the demand for skincare, cosmetics, and grooming products worldwide, which is propelling market expansion.
Threat:
Regulatory Challenges
Regulatory hurdles might have a detrimental impact on the magnesium stearate market by establishing stricter usage rules, particularly in places such as Europe. These rules might restrict its use in cosmetics, medications, and food, raising the expense of compliance for producers. The compound's broad use may be diminished and overall market growth may be impeded by differences in regulatory requirements among nations, which can also make international commerce and market entry more difficult.
Covid-19 Impact:
The COVID-19 pandemic disrupted the magnesium stearate market by causing supply chain interruptions, production halts, and fluctuating raw material costs. However, increased demand for health supplements and personal care products during the pandemic partially offset these challenges. The shift toward immune-boosting supplements and hygiene products helped sustain demand, although market recovery was slow due to global uncertainties.
The pharmaceuticals segment is expected to be the largest during the forecast period
The pharmaceuticals segment is expected to be the largest during the forecast period as it is widely used as a lubricant and flow agent in tablet and capsule production. Magnesium stearate ensures smooth manufacturing by preventing ingredients from sticking to machinery, improving flowability, and ensuring uniformity in dosage. With the growth of the pharmaceutical sector, driven by increasing demand for medications and dietary supplements, the need for efficient excipients like magnesium stearate continues to rise, expanding its market presence globally.
The paints & coatings segment is expected to have the highest CAGR during the forecast period
The paints & coatings segment is expected to have the highest CAGR during the forecast period because it is used as a flow agent and lubricant in the formulation of paints, coatings, and varnishes. Magnesium stearate improves the dispersion of pigments, prevents clumping, and enhances the smooth application of the product. As demand for high-quality, durable paints and coatings rises across construction, automotive, and industrial sectors, the need for magnesium stearate in these formulations continues to grow, boosting its market demand.
Region with largest share:
North America is projected to hold the largest market share during the forecast period because of the high demand from the cosmetics, pharmaceutical and dietary supplement sectors. It supports the expanding health and wellness trends, including vitamins and pharmaceuticals, as a crucial excipient in the manufacturing of tablets and capsules. The market is also being impacted by the region's strong manufacturing capacities, legal frameworks, and emphasis on clean-label goods.
Region with highest CAGR:
Asia Pacific is projected to witness the highest CAGR over the forecast period because the demand for magnesium stearate as an excipient in tablets, capsules, and personal care products is driven by expanding middle-class consumers and increased health consciousness. Asia-Pacific is positioned as a major hub for magnesium stearate production and consumption because to its cost-effective manufacturing capabilities and growing adoption of Western health and beauty trends.
Key players in the market
Some of the key players in Magnesium Stearate Market include Alfa Aesar, Baerlocher GmbH, Faci Asia Pacific Pte Ltd, James M. Brown Ltd, Kemipex, Merck KGaA, SINWON CHEMICAL CO., LTD, Spirochem Lifesciences Pvt Ltd, Valtris Specialty Chemicals, Croda International, Unichem, AkzoNobel, Wacker Chemie, Evonik and The Dow Chemical Company.
Key Developments:
In August 2024, Evonik is collaborating with KNAUER Wissenschaftliche Gerate GmbH, to improve the upscaling of lipid nanoparticle (LNP) formulations.
In April 2024, Evonik has expanded its capacities for RESOMER powder biomaterials at its Darmstadt site in Germany. The specialty chemicals company now offered an advanced solvent-free micronization technology to produce custom powders with different particle sizes and material properties.
In March 2024, Evonik partnered with the Chinese company Jland Biotech to market vegan collagen for cosmetic and personal care applications. To maximize the benefits from a long-term, robust partnership, Evonik has invested in Jland Biotech through its Venture Capital group.
Types Covered:
• Food Grade Magnesium Stearate
• Pharmaceutical Grade Magnesium Stearate
• Cosmetic Grade Magnesium Stearate
• Industrial Grade Magnesium Stearate
• Other Types
Applications Covered:
• Food & Beverages
• Pharmaceuticals
• Cosmetics & Personal Care
• Plastics & Polymers
• Paints & Coatings
• Other Applications
Regions Covered:
• North America
o US
o Canada
o Mexico
• Europe
o Germany
o UK
o Italy
o France
o Spain
o Rest of Europe
• Asia Pacific
o Japan
o China
o India
o Australia
o New Zealand
o South Korea
o Rest of Asia Pacific
• South America
o Argentina
o Brazil
o Chile
o Rest of South America
• Middle East & Africa
o Saudi Arabia
o UAE
o Qatar
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 2022, 2023, 2024, 2026, and 2030
- 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
Table of Contents
1 Executive Summary
2 Preface
2.1 Abstract
2.2 Stake Holders
2.3 Research Scope
2.4 Research Methodology
2.4.1 Data Mining
2.4.2 Data Analysis
2.4.3 Data Validation
2.4.4 Research Approach
2.5 Research Sources
2.5.1 Primary Research Sources
2.5.2 Secondary Research Sources
2.5.3 Assumptions
3 Market Trend Analysis
3.1 Introduction
3.2 Drivers
3.3 Restraints
3.4 Opportunities
3.5 Threats
3.6 Application Analysis
3.7 Emerging Markets
3.8 Impact of Covid-19
4 Porters Five Force Analysis
4.1 Bargaining power of suppliers
4.2 Bargaining power of buyers
4.3 Threat of substitutes
4.4 Threat of new entrants
4.5 Competitive rivalry
5 Global Magnesium Stearate Market, By Type
5.1 Introduction
5.2 Food Grade Magnesium Stearate
5.3 Pharmaceutical Grade Magnesium Stearate
5.4 Cosmetic Grade Magnesium Stearate
5.5 Industrial Grade Magnesium Stearate
5.6 Other Types
6 Global Magnesium Stearate Market, By Application
6.1 Introduction
6.2 Food & Beverages
6.3 Pharmaceuticals
6.4 Cosmetics & Personal Care
6.5 Plastics & Polymers
6.6 Paints & Coatings
6.7 Other Applications
7 Global Magnesium Stearate Market, By Geography
7.1 Introduction
7.2 North America
7.2.1 US
7.2.2 Canada
7.2.3 Mexico
7.3 Europe
7.3.1 Germany
7.3.2 UK
7.3.3 Italy
7.3.4 France
7.3.5 Spain
7.3.6 Rest of Europe
7.4 Asia Pacific
7.4.1 Japan
7.4.2 China
7.4.3 India
7.4.4 Australia
7.4.5 New Zealand
7.4.6 South Korea
7.4.7 Rest of Asia Pacific
7.5 South America
7.5.1 Argentina
7.5.2 Brazil
7.5.3 Chile
7.5.4 Rest of South America
7.6 Middle East & Africa
7.6.1 Saudi Arabia
7.6.2 UAE
7.6.3 Qatar
7.6.4 South Africa
7.6.5 Rest of Middle East & Africa
8 Key Developments
8.1 Agreements, Partnerships, Collaborations and Joint Ventures
8.2 Acquisitions & Mergers
8.3 New Product Launch
8.4 Expansions
8.5 Other Key Strategies
9 Company Profiling
9.1 Alfa Aesar
9.2 Baerlocher GmbH
9.3 Faci Asia Pacific Pte Ltd
9.4 James M. Brown Ltd
9.5 Kemipex
9.6 Merck KGaA
9.7 SINWON CHEMICAL CO., LTD
9.8 Spirochem Lifesciences Pvt Ltd
9.9 Valtris Specialty Chemicals
9.10 Croda International
9.11 Unichem
9.12 AkzoNobel
9.13 Wacker Chemie
9.14 Evonik
9.15 The Dow Chemical Company
List of Tables
1 Global Magnesium Stearate Market Outlook, By Region (2022-2030) ($MN)
2 Global Magnesium Stearate Market Outlook, By Type (2022-2030) ($MN)
3 Global Magnesium Stearate Market Outlook, By Food Grade Magnesium Stearate (2022-2030) ($MN)
4 Global Magnesium Stearate Market Outlook, By Pharmaceutical Grade Magnesium Stearate (2022-2030) ($MN)
5 Global Magnesium Stearate Market Outlook, By Cosmetic Grade Magnesium Stearate (2022-2030) ($MN)
6 Global Magnesium Stearate Market Outlook, By Industrial Grade Magnesium Stearate (2022-2030) ($MN)
7 Global Magnesium Stearate Market Outlook, By Other Types (2022-2030) ($MN)
8 Global Magnesium Stearate Market Outlook, By Application (2022-2030) ($MN)
9 Global Magnesium Stearate Market Outlook, By Food & Beverages (2022-2030) ($MN)
10 Global Magnesium Stearate Market Outlook, By Pharmaceuticals (2022-2030) ($MN)
11 Global Magnesium Stearate Market Outlook, By Cosmetics & Personal Care (2022-2030) ($MN)
12 Global Magnesium Stearate Market Outlook, By Plastics & Polymers (2022-2030) ($MN)
13 Global Magnesium Stearate Market Outlook, By Paints & Coatings (2022-2030) ($MN)
14 Global Magnesium Stearate Market Outlook, By Other Applications (2022-2030) ($MN)
15 North America Magnesium Stearate Market Outlook, By Country (2022-2030) ($MN)
16 North America Magnesium Stearate Market Outlook, By Type (2022-2030) ($MN)
17 North America Magnesium Stearate Market Outlook, By Food Grade Magnesium Stearate (2022-2030) ($MN)
18 North America Magnesium Stearate Market Outlook, By Pharmaceutical Grade Magnesium Stearate (2022-2030) ($MN)
19 North America Magnesium Stearate Market Outlook, By Cosmetic Grade Magnesium Stearate (2022-2030) ($MN)
20 North America Magnesium Stearate Market Outlook, By Industrial Grade Magnesium Stearate (2022-2030) ($MN)
21 North America Magnesium Stearate Market Outlook, By Other Types (2022-2030) ($MN)
22 North America Magnesium Stearate Market Outlook, By Application (2022-2030) ($MN)
23 North America Magnesium Stearate Market Outlook, By Food & Beverages (2022-2030) ($MN)
24 North America Magnesium Stearate Market Outlook, By Pharmaceuticals (2022-2030) ($MN)
25 North America Magnesium Stearate Market Outlook, By Cosmetics & Personal Care (2022-2030) ($MN)
26 North America Magnesium Stearate Market Outlook, By Plastics & Polymers (2022-2030) ($MN)
27 North America Magnesium Stearate Market Outlook, By Paints & Coatings (2022-2030) ($MN)
28 North America Magnesium Stearate Market Outlook, By Other Applications (2022-2030) ($MN)
29 Europe Magnesium Stearate Market Outlook, By Country (2022-2030) ($MN)
30 Europe Magnesium Stearate Market Outlook, By Type (2022-2030) ($MN)
31 Europe Magnesium Stearate Market Outlook, By Food Grade Magnesium Stearate (2022-2030) ($MN)
32 Europe Magnesium Stearate Market Outlook, By Pharmaceutical Grade Magnesium Stearate (2022-2030) ($MN)
33 Europe Magnesium Stearate Market Outlook, By Cosmetic Grade Magnesium Stearate (2022-2030) ($MN)
34 Europe Magnesium Stearate Market Outlook, By Industrial Grade Magnesium Stearate (2022-2030) ($MN)
35 Europe Magnesium Stearate Market Outlook, By Other Types (2022-2030) ($MN)
36 Europe Magnesium Stearate Market Outlook, By Application (2022-2030) ($MN)
37 Europe Magnesium Stearate Market Outlook, By Food & Beverages (2022-2030) ($MN)
38 Europe Magnesium Stearate Market Outlook, By Pharmaceuticals (2022-2030) ($MN)
39 Europe Magnesium Stearate Market Outlook, By Cosmetics & Personal Care (2022-2030) ($MN)
40 Europe Magnesium Stearate Market Outlook, By Plastics & Polymers (2022-2030) ($MN)
41 Europe Magnesium Stearate Market Outlook, By Paints & Coatings (2022-2030) ($MN)
42 Europe Magnesium Stearate Market Outlook, By Other Applications (2022-2030) ($MN)
43 Asia Pacific Magnesium Stearate Market Outlook, By Country (2022-2030) ($MN)
44 Asia Pacific Magnesium Stearate Market Outlook, By Type (2022-2030) ($MN)
45 Asia Pacific Magnesium Stearate Market Outlook, By Food Grade Magnesium Stearate (2022-2030) ($MN)
46 Asia Pacific Magnesium Stearate Market Outlook, By Pharmaceutical Grade Magnesium Stearate (2022-2030) ($MN)
47 Asia Pacific Magnesium Stearate Market Outlook, By Cosmetic Grade Magnesium Stearate (2022-2030) ($MN)
48 Asia Pacific Magnesium Stearate Market Outlook, By Industrial Grade Magnesium Stearate (2022-2030) ($MN)
49 Asia Pacific Magnesium Stearate Market Outlook, By Other Types (2022-2030) ($MN)
50 Asia Pacific Magnesium Stearate Market Outlook, By Application (2022-2030) ($MN)
51 Asia Pacific Magnesium Stearate Market Outlook, By Food & Beverages (2022-2030) ($MN)
52 Asia Pacific Magnesium Stearate Market Outlook, By Pharmaceuticals (2022-2030) ($MN)
53 Asia Pacific Magnesium Stearate Market Outlook, By Cosmetics & Personal Care (2022-2030) ($MN)
54 Asia Pacific Magnesium Stearate Market Outlook, By Plastics & Polymers (2022-2030) ($MN)
55 Asia Pacific Magnesium Stearate Market Outlook, By Paints & Coatings (2022-2030) ($MN)
56 Asia Pacific Magnesium Stearate Market Outlook, By Other Applications (2022-2030) ($MN)
57 South America Magnesium Stearate Market Outlook, By Country (2022-2030) ($MN)
58 South America Magnesium Stearate Market Outlook, By Type (2022-2030) ($MN)
59 South America Magnesium Stearate Market Outlook, By Food Grade Magnesium Stearate (2022-2030) ($MN)
60 South America Magnesium Stearate Market Outlook, By Pharmaceutical Grade Magnesium Stearate (2022-2030) ($MN)
61 South America Magnesium Stearate Market Outlook, By Cosmetic Grade Magnesium Stearate (2022-2030) ($MN)
62 South America Magnesium Stearate Market Outlook, By Industrial Grade Magnesium Stearate (2022-2030) ($MN)
63 South America Magnesium Stearate Market Outlook, By Other Types (2022-2030) ($MN)
64 South America Magnesium Stearate Market Outlook, By Application (2022-2030) ($MN)
65 South America Magnesium Stearate Market Outlook, By Food & Beverages (2022-2030) ($MN)
66 South America Magnesium Stearate Market Outlook, By Pharmaceuticals (2022-2030) ($MN)
67 South America Magnesium Stearate Market Outlook, By Cosmetics & Personal Care (2022-2030) ($MN)
68 South America Magnesium Stearate Market Outlook, By Plastics & Polymers (2022-2030) ($MN)
69 South America Magnesium Stearate Market Outlook, By Paints & Coatings (2022-2030) ($MN)
70 South America Magnesium Stearate Market Outlook, By Other Applications (2022-2030) ($MN)
71 Middle East & Africa Magnesium Stearate Market Outlook, By Country (2022-2030) ($MN)
72 Middle East & Africa Magnesium Stearate Market Outlook, By Type (2022-2030) ($MN)
73 Middle East & Africa Magnesium Stearate Market Outlook, By Food Grade Magnesium Stearate (2022-2030) ($MN)
74 Middle East & Africa Magnesium Stearate Market Outlook, By Pharmaceutical Grade Magnesium Stearate (2022-2030) ($MN)
75 Middle East & Africa Magnesium Stearate Market Outlook, By Cosmetic Grade Magnesium Stearate (2022-2030) ($MN)
76 Middle East & Africa Magnesium Stearate Market Outlook, By Industrial Grade Magnesium Stearate (2022-2030) ($MN)
77 Middle East & Africa Magnesium Stearate Market Outlook, By Other Types (2022-2030) ($MN)
78 Middle East & Africa Magnesium Stearate Market Outlook, By Application (2022-2030) ($MN)
79 Middle East & Africa Magnesium Stearate Market Outlook, By Food & Beverages (2022-2030) ($MN)
80 Middle East & Africa Magnesium Stearate Market Outlook, By Pharmaceuticals (2022-2030) ($MN)
81 Middle East & Africa Magnesium Stearate Market Outlook, By Cosmetics & Personal Care (2022-2030) ($MN)
82 Middle East & Africa Magnesium Stearate Market Outlook, By Plastics & Polymers (2022-2030) ($MN)
83 Middle East & Africa Magnesium Stearate Market Outlook, By Paints & Coatings (2022-2030) ($MN)
84 Middle East & Africa Magnesium Stearate Market Outlook, By Other Applications (2022-2030) ($MN)
List of Figures
RESEARCH METHODOLOGY
We at ‘Stratistics’ opt for an extensive research approach which involves data mining, data validation, and data analysis. The various research sources include in-house repository, secondary research, competitor’s sources, social media research, client internal data, and primary research.
Our team of analysts prefers the most reliable and authenticated data sources in order to perform the comprehensive literature search. With access to most of the authenticated data bases our team highly considers the best mix of information through various sources to obtain extensive and accurate analysis.
Each report takes an average time of a month and a team of 4 industry analysts. The time may vary depending on the scope and data availability of the desired market report. The various parameters used in the market assessment are standardized in order to enhance the data accuracy.
Data Mining
The data is collected from several authenticated, reliable, paid and unpaid sources and is filtered depending on the scope & objective of the research. Our reports repository acts as an added advantage in this procedure. Data gathering from the raw material suppliers, distributors and the manufacturers is performed on a regular basis, this helps in the comprehensive understanding of the products value chain. Apart from the above mentioned sources the data is also collected from the industry consultants to ensure the objective of the study is in the right direction.
Market trends such as technological advancements, regulatory affairs, market dynamics (Drivers, Restraints, Opportunities and Challenges) are obtained from scientific journals, market related national & international associations and organizations.
Data Analysis
From the data that is collected depending on the scope & objective of the research the data is subjected for the analysis. The critical steps that we follow for the data analysis include:
- Product Lifecycle Analysis
- Competitor analysis
- Risk analysis
- Porters Analysis
- PESTEL Analysis
- SWOT Analysis
The data engineering is performed by the core industry experts considering both the Marketing Mix Modeling and the Demand Forecasting. The marketing mix modeling makes use of multiple-regression techniques to predict the optimal mix of marketing variables. Regression factor is based on a number of variables and how they relate to an outcome such as sales or profits.
Data Validation
The data validation is performed by the exhaustive primary research from the expert interviews. This includes telephonic interviews, focus groups, face to face interviews, and questionnaires to validate our research from all aspects. The industry experts we approach come from the leading firms, involved in the supply chain ranging from the suppliers, distributors to the manufacturers and consumers so as to ensure an unbiased analysis.
We are in touch with more than 15,000 industry experts with the right mix of consultants, CEO's, presidents, vice presidents, managers, experts from both supply side and demand side, executives and so on.
The data validation involves the primary research from the industry experts belonging to:
- Leading Companies
- Suppliers & Distributors
- Manufacturers
- Consumers
- Industry/Strategic Consultants
Apart from the data validation the primary research also helps in performing the fill gap research, i.e. providing solutions for the unmet needs of the research which helps in enhancing the reports quality.
For more details about research methodology, kindly write to us at info@strategymrc.com
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