Magnesium lactate is a magnesium salt of lactic acid and commonly used ingredient added to food and beverages as an acidity regulator. It is also used as a dietary supplement and as a nutrient in different formulation. Magnesium is an important nutrient, and is necessary for the body to support the function of the nervous system, heart, and digestive system. Magnesium lactate is used as a mineral supplement to treat magnesium deficiency. For these functional properties, it is often considered a value addition in certain dietary products as well as agrochemicals for bio-fortification in magnesium deficient crops. The demand for Magnesium lactate has been progressively growing on the milieu of increasing health concerns across the globe. Consumers asking for more ingredient specific products and generating a customized demand. This demand is further supplement by the increasing application in food application.
Magnesium Lactate Market Drivers and Trends:
Bio fortification as a goal to improve human health in countries with need of nutrients has been the focus of the World Health Organization. With this focus bio fortification of crops with micro and macro nutrients in region where the sources of these nutrients are low. Most of the countries in the region of Africa import major food crops which are fortified with these nutrients such as magnesium lactate for enhancing crop productivity.
Rising disposable income and purchasing power of consumers, in turn, is boosting demand and adoption of premium fortified food products across the globe. Rising health consciousness among consumers in terms of opting for the best high-quality food products is further strengthening the growth of the magnesium lactate market for premium nutrition products where magnesium lactate has a high usage.
Increasing agricultural productivity has been a goal of governments to reduce hunger and malnutrition over the years. In more recent years, China and India doubled agricultural production by the incorporation of biotechnology and these trends are being slowly being incorporated in the regions of Africa and Middle East. A wide use of all macro and micro nutrients to yield better crop have shown effective results and now these fortified crops are in high demand. Fortification has also been focused in the flour processing plants/factories in the same areas. Wheat flour, corn flour and rice flour are being widely fortified and this nutrient enhancement in crops has also added to rise in overall crop consumption. This is well backed by the WHO initiatives in educating people with the heath benefits and need for fortified crops and flours. For most situations, the fortified flours are imported from the U.S and Europe and manufacturers have noted a steady rise in demand from these regions. This in turn has created a high demand for fortification using mineral salts such as magnesium lactate, zinc lactate and other micro nutrients.
Apart from its application as an ingredient in supplements, it is now being added to function food and beverages. Magnesium lactate is widely used as ingredient in multiple industries and this wide use is attributed to demand for alternative ingredients in different industries.
Based on its application, magnesium lactate market is segmented as, food and beverage, pharmaceutical, cosmetic, and agrochemicals. Food and beverages is further sub segmented as dairy products, beverages, functional food, and other uses in food and beverage segments.
Magnesium Lactate Market Regional Outlook:
Based on the geographies, the global magnesium lactate market is segmented into seven regions globally such as Europe, Latin America, CIS & Russia, North America, Asia-Pacific excluding Japan, Japan, and Middle East & Africa. Magnesium lactate is used globally as an active ingredient in supplements, these supplements are in rising demand in the Asia Pacific region, China, India and ASEAN countries have high consumption in form of over the counter as well as prescribed dietary supplements. Other applications of magnesium lactate such as in agrochemicals has created a modest demand, mostly driven by regional government’s efforts in fighting mineral differences and increasing fortification initiatives.
Magnesium Lactate Market Key Players:
Some of the global market players present in magnesium lactate market include; Corbion N.V., American Elements, Jungbunzlauer Suisse AG, Dr. Paul Lohmann Gmbh KG, Gadot Biochemical Industries Ltd., ISALTIS, Magnesia Gmbh, Jost Chemical Co., Penta Manufacturing Co. LLC, Lehmann&Voss&Co, PMP Fermentation Products, Inc., K+S Aktiengesellschaft, among others.
Regional analysis for Magnesium Lactate Market includes
North America Magnesium Lactate Market U.S. Canada Latin America Magnesium Lactate Market Brazil Mexico Argentina Chile Peru Rest of Latin America Europe Magnesium Lactate Market EU – 4 (Germany, France, Italy, Spain) U.K. BENELUX (Belgium, Netherlands, Luxemburg) NORDIC (Norway, Denmark, Iceland, Sweden) Eastern Europe (Poland, Ukraine, Czech Rep., etc.) Rest of Europe CIS & Russia Magnesium Lactate Market Japan Magnesium Lactate Market APEJ Magnesium Lactate Market Greater China India S. Korea ASEAN Countries Rest of APEJ Middle East & Africa Magnesium Lactate Market GCC Countries Turkey Iran Israel South Africa Rest of MEA The magnesium lactate report is a compilation of first-hand information, qualitative and quantitative assessment by industry analysts, inputs from industry experts and industry participants across the value chain. The report provides in-depth analysis of parent market trends, macro-economic indicators and governing factors along with market attractiveness as per segments. The magnesium lactate report also maps the qualitative impact of various market factors on market segments and regions.
Our analysis will follow a modeling-based approach and triangulation methodology to estimate data covered in this magnesium lactate report. A detailed market understanding and assessment of the applications, types, forms, and end uses of the product segments covered in the magnesium lactate study is followed by carrying out a demand-side approach to estimate the sales of target product segments, which is then cross-referenced with a supply-side assessment of value generated over a pre-defined period. The statistics and data are collected at a regional level, consolidated and synthesized at a global level to estimate the overall market size.
Key Data Points Covered in the Report
Some of the key data points covered in our report include:
An overview of the Magnesium Lactate including background and evolution Macroeconomic factors affecting the Magnesium Lactate and its potential Market dynamics, such as drivers, challenges, and trends in the Magnesium Lactate market Detailed value chain analysis of the Magnesium Lactate market The cost structure of the products and segments covered in the study of the Magnesium Lactate market In-depth pricing analysis, by key product segments, regions and by major market participants in the Magnesium Lactate market Analysis of supply and demand, such as top producing and consuming geographies, imports/exports, and overall trade scenario Analysis of the market structure, including a tier-wise categorization of key market participants in Magnesium Lactate Competitive landscape of the market, including detailed profiles of the top players of Magnesium Lactate This analytical research study imparts an all-inclusive assessment on the market, while propounding historical intelligence, actionable insights, and industry-validated & statistically-upheld market forecast. Verified and suitable set of assumptions and methodology has been leveraged for developing this comprehensive study. Information and analysis on key market segments incorporated in the report has been delivered in weighted chapters. A thorough analysis has been offered by the report on
Market Dynamics Market Size Market Segments Demand & Supply Trends Current Issues and Challenges Companies and Competitor Landscape Value Chain Technology Regional Segments Analyzed Include
North America (U.S., Canada) Latin America (Mexico. Brazil) Western Europe (Germany, Italy, France, U.K, Spain) Eastern Europe (Poland, Russia) Asia Pacific (China, India, ASEAN, Australia & New Zealand) Japan Middle East and Africa (GCC, S. Africa, N. Africa) Compilation of authentic and first-hand intelligence, insights offered in the report are based on quantitative and qualitative assessment by leading industry experts, and inputs from opinion leaders & industry participants around the value chain. Growth determinants, macroeconomic indicators, and parent market trends have been scrutinized and delivered, coupled with the market attractiveness for each market segment encompassed. Qualitative impact of growth influencers on the market segments across regions has also been mapped by the report.
Elaborated scenario of the parent market Transformations in the market dynamics Detailed segmentation of the target market Historical, current and forecast market size based on value and volume Latest industry developments and trends Competition landscape Strategies adopted by the market players and product developments made Potential and niche segments, along with their regional analysis Unbiased analysis on performance of the market Up-to-date and must-have intelligence for the market players to enhance and sustain their competitiveness