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Food Grade Magnesium Derivatives Market Size, Share, & Trends Analysis Report By Product (Inorganic, Organic, Magnesium Chelates), By Application (Food, Beverages), By Region, And Segment Forecasts, 2023 - 2030

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    Report

  • 90 Pages
  • October 2023
  • Region: Global
  • Grand View Research
  • ID: 5899521
Description Jump to:
The global food grade magnesium derivatives market size is expected to reach USD 1.24 billion by 2030, registering a CAGR of 4.5% from 2023 to 2030. The growth is majorly driven by the growing inclusion of magnesium derivatives in the production of confectionery products, such as chocolates and sweets, as well as the production of alcoholic and nonalcoholic beverages, including functional drinks. The industry is anticipated to grow on account of the rising demand for products from the bakery, confectionery, and dairy, among other application segments.

The magnesium derivatives are widely used in the food processing industries as color retention agents, pH stabilizers, supports fermentation, anti-caking agents, emulsifiers, flavoring agent, firming agents, brewing agents, and antacids. The outbreak of the COVID-19 pandemic had a significant impact on various industries. However, Food & Beverages (F&B) remained unaffected owing to the high demand for immunity-boosting food products. This is attributed to the rising consumer awareness about maintaining a healthy diet and improving immunity to combat viral infections.

Thus, the product witnessed high demand from the F&B application sector as. As the F&B industry is not the primary application of magnesium derivatives, the demand for the same did not spike as expected; however, the market witnessed positive growth in 2020. Asia Pacific is estimated to register the fastest CAGR from 2022 to 2030 due to the growing F&B production and expansion of the retail industry in emerging markets like Japan, and India. Many manufacturers are shifting their production hubs to the Asia Pacific region due to low labor & operational costs and easy availability of workforce.

Food Grade Magnesium Derivatives Market Report Highlights

  • The inorganic products segment is likely to register the fastest growth rate from 2022 to 2030 due to its wide application scope in various food products as well as functional, sports, and alcoholic beverages
  • Among inorganic derivatives, magnesium chloride is estimated to witness the fastest growth rate over the forecast years due to its non-flammable and non-toxic properties
  • Moreover, it is widely used in food products as an emulsifier and firming agent and in beverages as a flavoring and brewing agent
  • The beverages application segment will grow at the highest CAGR from 2022 to 2030 due to the rising demand for various functional, alcoholic, energy, and non-alcoholic beverages
  • The alcoholic beverages sub-segment will witness the highest growth rate from 2022 to 2030 due to the high demand for various alcoholic drinks and the growing penetration of derivatives in the formulation of these products


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Table of Contents

Chapter 1. Methodology and Scope
1.1. Market Segmentation & Scope
1.1.1. Product
1.1.2. Application
1.1.3. Regional scope
1.1.4. Estimates and forecast timeline
1.2. Research Methodology
1.3. Information Procurement
1.3.1. Purchased database
1.3.2. internal database
1.3.3. Secondary sources
1.3.4. Primary research
1.3.5. Details of primary research
1.4. Information or Data Analysis
1.5. Market Formulation & Validation
1.6. Model Details
1.7. List of Secondary Sources
1.8. List of Primary Sources
1.9. Objectives
Chapter 2. Executive Summary
2.1. Market Outlook
2.2. Segment Outlook
2.2.1. Product outlook
2.2.2. Application outlook
2.2.3. Regional outlook
2.3. Competitive Insights
Chapter 3. Food Grade Magnesium Derivatives Market Variables, Trends & Scope
3.1. Market Lineage Outlook
3.2. Penetration & Growth Prospect Mapping
3.3. Value Chain Analysis
3.4. Regulatory Framework
3.5. Market Dynamics
3.5.1. Market driver analysis
3.5.2. Market restraint analysis
3.5.3. Industry opportunities & challenges
3.6. Food Grade Magnesium Derivatives Market Analysis Tools
3.6.1. Industry Analysis - Porter’s
3.6.1.1. Supplier power
3.6.1.2. Buyer power
3.6.1.3. Substitution threat
3.6.1.4. Threat of new entrant
3.6.1.5. Competitive rivalry
3.6.2. PESTEL Analysis
3.6.2.1. Political landscape
3.6.2.2. Technological landscape
3.6.2.3. Economic landscape
3.6.2.4. Social landscape
3.6.2.5. Environmental landscape
3.6.2.6. Legal landscape
Chapter 4. Supplier Portfolio Analysis
4.1. List of Suppliers
4.2. Kraljic Matrix
4.3. Sourcing Best Practices
4.4. Negotiation Strategies
Chapter 5. Food Grade Magnesium Derivatives: Product Estimates & Trend Analysis
5.1. Food Grade Magnesium Derivatives Market: Key Takeaways
5.2. Food Grade Magnesium Derivatives Market: Movement & Market Share Analysis, 2022 & 2030
5.3. Inorganic
5.3.1. Inorganic market estimates and forecasts, 2018 to 2030 (USD Million, Kilotons)
5.3.1.1. Magnesium oxide market estimates and forecasts, 2018 to 2030 (USD Million, Kilotons)
5.3.1.2. Magnesium carbonate market estimates and forecasts, 2018 to 2030 (USD Million, Kilotons)
5.3.1.3. Magnesium chloride market estimates and forecasts, 2018 to 2030 (USD Million, Kilotons)
5.3.1.4. Magnesium hydroxide market estimates and forecasts, 2018 to 2030 (USD Million, Kilotons)
5.3.1.5. Magnesium sulfate market estimates and forecasts, 2018 to 2030 (USD Million, Kilotons)
5.3.1.6. Others market estimates and forecasts, 2018 to 2030 (USD Million, Kilotons)
5.4. Organic
5.4.1. Organic market estimates and forecasts, 2018 to 2030 (USD Million, Kilotons)
5.4.1.1. Magnesium stearate market estimates and forecasts, 2018 to 2030 (USD Million, Kilotons)
5.4.1.2. Magnesium citrate market estimates and forecasts, 2018 to 2030 (USD Million, Kilotons)
5.4.1.2.1. Magnesium lactate market estimates and forecasts, 2018 to 2030 (USD Million, Kilotons)
5.4.1.2.2. Magnesium gluconate market estimates and forecasts, 2018 to 2030 (USD Million, Kilotons)
5.4.1.2.3. Others market estimates and forecasts, 2018 to 2030 (USD Million, Kilotons)
Chapter 6. Food Grade Magnesium Derivatives: Application Estimates & Trend Analysis
6.1. Food Grade Magnesium Derivatives Market: Key Takeaways
6.2. Food Grade Magnesium Derivatives Market: Movement & Market Share Analysis, 2022 & 2030
6.3. Food
6.3.1. Food market estimates and forecasts, 2018 to 2030 (USD Million, Kilotons)
6.3.1.1. Bakery market estimates and forecasts, 2018 to 2030 (USD Million, Kilotons)
6.3.1.2. Confectionery market estimates and forecasts, 2018 to 2030 (USD Million, Kilotons)
6.3.1.3. Dairy market estimates and forecasts, 2018 to 2030 (USD Million, Kilotons)
6.3.1.4. Others market estimates and forecasts, 2018 to 2030 (USD Million, Kilotons)
6.4. Beverages
6.4.1. Beverages market estimates and forecasts, 2018 to 2030 (USD Million, Kilotons)
6.4.1.1. Alcoholic market estimates and forecasts, 2018 to 2030 (USD Million, Kilotons)
6.4.1.2. Non-alcoholic market estimates and forecasts, 2018 to 2030 (USD Million, Kilotons)
Chapter 7. Food Grade Magnesium Derivatives Market: Regional Estimates & Trend Analysis
7.1. Regional Outlook
7.2. Food Grade Magnesium Derivatives Market by Region: Key Takeaway
7.3. North America
7.3.1. Market estimates and forecasts, 2018 - 2030 (Revenue, USD Million, Kilotons)
7.3.2. U.S.
7.3.2.1. Market estimates and forecasts, 2018 - 2030 (Revenue, USD Million; Volume, Kilotons)
7.3.3. Canada
7.3.3.1. Market estimates and forecasts, 2018 - 2030 (Revenue, USD Million; Volume, Kilotons)
7.3.4. Mexico
7.3.4.1. Market estimates and forecasts, 2018 - 2030 (Revenue, USD Million; Volume, Kilotons)
7.4. Europe
7.4.1. UK
7.4.1.1. Market estimates and forecasts, 2018 - 2030 (Revenue, USD Million; Volume, Kilotons)
7.4.2. Germany
7.4.2.1. Market estimates and forecasts, 2018 - 2030 (Revenue, USD Million; Volume, Kilotons)
7.4.3. France
7.4.3.1. Market estimates and forecasts, 2018 - 2030 (Revenue, USD Million; Volume, Kilotons)
7.4.4. Italy
7.4.4.1. Market estimates and forecasts, 2018 - 2030 (Revenue, USD Million; Volume, Kilotons)
7.5. Asia Pacific
7.5.1. Japan
7.5.1.1. Market estimates and forecasts, 2018 - 2030 (Revenue, USD Million; Volume, Kilotons)
7.5.2. China
7.5.2.1. Market estimates and forecasts, 2018 - 2030 (Revenue, USD Million; Volume, Kilotons)
7.5.3. India
7.5.3.1. Market estimates and forecasts, 2018 - 2030 (Revenue, USD Million; Volume, Kilotons)
7.5.4. South Korea
7.5.4.1. Market estimates and forecasts, 2018 - 2030 (Revenue, USD Million; Volume, Kilotons)
7.6. Central & South America
7.6.1. Brazil
7.6.1.1. Market estimates and forecasts, 2018 - 2030 (Revenue, USD Million; Volume, Kilotons)
7.6.2. Argentina
7.6.2.1. Market estimates and forecasts, 2018 - 2030 (Revenue, USD Million; Volume, Kilotons)
7.7. MEA
7.7.1. South Africa
7.7.1.1. Market estimates and forecasts, 2018 - 2030 (Revenue, USD Million; Volume, Kilotons)
Chapter 8. Competitive Landscape
8.1. Recent Developments & Impact Analysis, By Key Market Participants
8.2. Market Participant Categorization
8.2.1. Grecian Magnesite
8.2.1.1. Company overview
8.2.1.2. Financial performance
8.2.1.3. Product benchmarking
8.2.1.4. Strategic initiatives
8.2.2. Sinwon Industrial Co., Ltd.
8.2.2.1. Company overview
8.2.2.2. Financial performance
8.2.2.3. Product benchmarking
8.2.2.4. Strategic initiatives
8.2.3. Compass Minerals
8.2.3.1. Company overview
8.2.3.2. Financial performance
8.2.3.3. Product benchmarking
8.2.3.4. Strategic initiatives
8.2.4. OLE Chemical Co., Ltd.
8.2.4.1. Company overview
8.2.4.2. Financial performance
8.2.4.3. Product benchmarking
8.2.4.4. Strategic initiatives
8.2.5. Martin Marietta Magnesia Specialties
8.2.5.1. Company overview
8.2.5.2. Financial performance
8.2.5.3. Product benchmarking
8.2.5.4. Strategic initiatives
8.2.6. Ibar Northeast
8.2.6.1. Company overview
8.2.6.2. Financial performance
8.2.6.3. Product benchmarking
8.2.6.4. Strategic initiatives
8.2.7. NikoMag
8.2.7.1. Company overview
8.2.7.2. Financial performance
8.2.7.3. Product benchmarking
8.2.7.4. Strategic initiatives
8.2.8. K + S Aktiengesellschaft
8.2.8.1. Company overview
8.2.8.2. Financial performance
8.2.8.3. Product benchmarking
8.2.8.4. Strategic initiatives
8.2.9. Oksihim, Ltd.
8.2.9.1. Company overview
8.2.9.2. Financial performance
8.2.9.3. Product benchmarking
8.2.9.4. Strategic initiatives
8.2.10. Hawkins
8.2.10.1. Company overview
8.2.10.2. Financial performance
8.2.10.3. Product benchmarking
8.2.10.4. Strategic initiatives
List of Tables
Table 1 List of Abbreviation
Table 2 North America food grade magnesium derivatives market, by product, 2018-2030 (USD Million, Kilotons)
Table 3 North America food grade magnesium derivatives market, by application, 2018-2030 (USD Million, Kilotons)
Table 4 North America food grade magnesium derivatives market, by region, 2018-2030 (USD Million, Kilotons)
Table 5 U.S. food grade magnesium derivatives market, by product, 2018-2030 (USD Million, Kilotons)
Table 6 U.S. food grade magnesium derivatives market, by application, 2018-2030 (USD Million, Kilotons)
Table 7 Canada food grade magnesium derivatives market, by product, 2018-2030 (USD Million, Kilotons)
Table 8 Canada food grade magnesium derivatives market, by application, 2018-2030 (USD Million, Kilotons)
Table 9 Mexico food grade magnesium derivatives market, by product, 2018-2030 (USD Million, Kilotons)
Table 10 Mexico food grade magnesium derivatives market, by application, 2018-2030 (USD Million, Kilotons)
Table 11 Europe food grade magnesium derivatives market, by product, 2018-2030 (USD Million, Kilotons)
Table 12 Europe food grade magnesium derivatives market, by application, 2018-2030 (USD Million, Kilotons)
Table 13 Europe food grade magnesium derivatives market, by region, 2018-2030 (USD Million, Kilotons)
Table 14 Germany food grade magnesium derivatives market, by product, 2018-2030 (USD Million, Kilotons)
Table 15 Germany food grade magnesium derivatives market, by application, 2018-2030 (USD Million, Kilotons)
Table 16 UK food grade magnesium derivatives market, by product, 2018-2030 (USD Million, Kilotons)
Table 17 UK food grade magnesium derivatives market, by application, 2018-2030 (USD Million, Kilotons)
Table 18 France food grade magnesium derivatives market, by product, 2018-2030 (USD Million, Kilotons)
Table 19 France food grade magnesium derivatives market, by application, 2018-2030 (USD Million, Kilotons)
Table 20 Italy food grade magnesium derivatives market, by product, 2018-2030 (USD Million, Kilotons)
Table 21 Italy food grade magnesium derivatives market, by application, 2018-2030 (USD Million, Kilotons)
Table 22 Asia Pacific food grade magnesium derivatives market, by product, 2018-2030 (USD Million, Kilotons)
Table 23 Asia Pacific food grade magnesium derivatives market, by application, 2018-2030 (USD Million, Kilotons)
Table 24 Asia Pacific food grade magnesium derivatives market, by region, 2018-2030 (USD Million, Kilotons)
Table 25 China food grade magnesium derivatives market, by product, 2018-2030 (USD Million, Kilotons)
Table 26 China food grade magnesium derivatives market, by application, 2018-2030 (USD Million, Kilotons)
Table 27 Japan food grade magnesium derivatives market, by product, 2018-2030 (USD Million, Kilotons)
Table 28 Japan food grade magnesium derivatives market, by application, 2018-2030 (USD Million, Kilotons)
Table 29 India food grade magnesium derivatives market, by product, 2018-2030 (USD Million, Kilotons)
Table 30 India food grade magnesium derivatives market, by application, 2018-2030 (USD Million, Kilotons)
Table 31 South Korea food grade magnesium derivatives market, by product, 2018-2030 (USD Million, Kilotons)
Table 32 South Korea food grade magnesium derivatives market, by application, 2018-2030 (USD Million, Kilotons)
Table 33 Central & South America food grade magnesium derivatives market, by product, 2018-2030 (USD Million, Kilotons)
Table 34 Central & South America food grade magnesium derivatives market, by application, 2018-2030 (USD Million, Kilotons)
Table 35 Central & South America food grade magnesium derivatives market, by region, 2018-2030 (USD Million, Kilotons)
Table 36 Brazil food grade magnesium derivatives market, by product, 2018-2030 (USD Million, Kilotons)
Table 37 Brazil food grade magnesium derivatives market, by application, 2018-2030 (USD Million, Kilotons)
Table 38 Argentina food grade magnesium derivatives market, by product, 2018-2030 (USD Million, Kilotons)
Table 39 Argentina food grade magnesium derivatives market, by application, 2018-2030 (USD Million, Kilotons)
Table 40 Middle East and Africa food grade magnesium derivatives market, by product, 2018-2030 (USD Million, Kilotons)
Table 41 Middle East and Africa food grade magnesium derivatives market, by application, 2018-2030 (USD Million, Kilotons)
Table 42 Middle East and Africa food grade magnesium derivatives market, by region, 2018-2030 (USD Million, Kilotons)
Table 43 South Africa food grade magnesium derivatives market, by product, 2018-2030 (USD Million, Kilotons)
Table 44 South Africa food grade magnesium derivatives market, by application, 2018-2030 (USD Million, Kilotons)
List of Figures
Fig. 1 Market research process
Fig. 2 Data triangulation techniques
Fig. 3 Primary research pattern
Fig. 4 Market research approaches
Fig. 5 Value-chain-based sizing & forecasting
Fig. 6 QFD modeling for market share assessment
Fig. 7 Market formulation & validation
Fig. 8 Food grade magnesium derivatives: Market outlook
Fig. 9 Food grade magnesium derivatives: Competitive insights
Fig. 10 Parent market outlook
Fig. 11 Related/ancillary market outlook
Fig. 12 Penetration and growth prospect mapping
Fig. 13 Industry value chain analysis
Fig. 14 Food grade magnesium derivatives market driver impact
Fig. 15 Food grade magnesium derivatives market restraint impact
Fig. 16 Food grade magnesium derivatives market strategic initiatives analysis
Fig. 17 Food grade magnesium derivatives market: Product movement analysis
Fig. 18 Food grade magnesium derivatives market: Product outlook and key takeaways
Fig. 19 Inorganic market estimates and forecasts, 2018-2030
Fig. 20 Magnesium oxide market estimates and forecasts, 2018-2030
Fig. 21 Magnesium carbonate market estimates and forecasts, 2018-2030
Fig. 22 Magnesium chloride market estimates and forecasts, 2018-2030
Fig. 23 Magnesium hydroxide market estimates and forecasts, 2018-2030
Fig. 24 Magnesium sulfate market estimates and forecasts, 2018-2030
Fig. 25 Others market estimates and forecasts, 2018-2030
Fig. 26 Organic market estimates and forecasts, 2018-2030
Fig. 27 Magnesium stearate market estimates and forecasts, 2018-2030
Fig. 28 Magnesium citrate market estimates and forecasts, 2018-2030
Fig. 29 Magnesium lactate market estimates and forecasts, 2018-2030
Fig. 30 Magnesium gluconate market estimates and forecasts, 2018-2030
Fig. 31 Others market estimates and forecasts, 2018-2030
Fig. 32 Food grade magnesium derivatives market: Application movement analysis
Fig. 33 Food grade magnesium derivatives market: Application outlook and key takeaways
Fig. 34 Food market estimates and forecasts, 2018-2030
Fig. 35 Bakery market estimates and forecasts, 2018-2030
Fig. 36 Confectionery market estimates and forecasts, 2018-2030
Fig. 37 Dairy market estimates and forecasts, 2018-2030
Fig. 38 Others market estimates and forecasts, 2018-2030
Fig. 39 Beverages market estimates and forecasts, 2018-2030
Fig. 40 Alcoholic market estimates and forecasts, 2018-2030
Fig. 41 Non-Alcoholic market estimates and forecasts, 2018-2030
Fig. 42 Global food grade magnesium derivatives market: Regional movement analysis
Fig. 43 Global food grade magnesium derivatives market: Regional outlook and key takeaways
Fig. 44 North America market estimates and forecasts, 2018-2030
Fig. 45 U.S. market estimates and forecasts, 2018-2030
Fig. 46 Canada market estimates and forecasts, 2018-2030
Fig. 47 Mexico market estimates and forecasts, 2018-2030
Fig. 48 Europe market estimates and forecasts, 2018-2030
Fig. 49 UK market estimates and forecasts, 2018-2030
Fig. 50 Germany market estimates and forecasts, 2018-2030
Fig. 51 France market estimates and forecasts, 2018-2030
Fig. 52 Italy market estimates and forecasts, 2018-2030
Fig. 53 Asia Pacific market estimates and forecasts, 2018-2030
Fig. 54 Japan market estimates and forecasts, 2018-2030
Fig. 55 China market estimates and forecasts, 2018-2030
Fig. 56 India market estimates and forecasts, 2018-2030
Fig. 57 South Korea market estimates and forecasts, 2018-2030
Fig. 58 Central & South America market estimates and forecasts, 2018-2030
Fig. 59 Brazil market estimates and forecasts, 2018-2030
Fig. 60 Argentina market estimates and forecasts, 2018-2030
Fig. 61 Middle East and Africa market estimates and forecasts, 2018-2030
Fig. 62 South Africa market estimates and forecasts, 2018-2030

Companies Mentioned

  • Grecian Magnesite
  • Sinwon Industrial Co., Ltd.
  • Compass Minerals
  • OLE Chemical Co., Ltd.
  • Martin Marietta Magnesia Specialties
  • Ibar Northeast
  • NikoMag
  • K + S Aktiengesellschaft
  • Oksihim, Ltd.
  • Hawkins

Methodology

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Table Information

Report AttributeDetails
No. of Pages90
PublishedOctober 2023
Forecast Period2022 - 2030
Estimated Market Value ( USD ) in 2022 $ 874.3 Million
Forecasted Market Value ( USD ) by 2030 $ 1240 Million
Compound Annual Growth Rate4.5%
Regions CoveredGlobal
No. of Companies Mentioned10

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About the Food Grade Magnesium Derivatives Market

The Food Grade Magnesium Derivatives market is a subset of the Health Food and Sports Nutrition industry. It is composed of products that contain magnesium, a mineral essential for human health. Magnesium derivatives are used in a variety of food products, including dietary supplements, energy bars, and fortified foods. They are also used in sports nutrition products, such as electrolyte drinks and protein powders. Magnesium derivatives are known for their ability to improve energy levels, reduce fatigue, and support muscle and nerve function. Food grade magnesium derivatives are produced in a variety of forms, including magnesium oxide, magnesium chloride, and magnesium citrate. These derivatives are often used in combination with other ingredients to create a more complete nutritional profile. Companies in the Food Grade Magnesium Derivatives market include Solvay, Huber, and Dow. Other major players include BASF, Merck, and DSM. Show Less Read more

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