The new report by Expert Market Research titled, ‘Global Magnesium Lactate Market Report and Forecast 2021-2026’, gives an in-depth analysis of the global magnesium lactate market, assessing the market based on its segments like grades, applications, and major regions. The report tracks the latest trends in the industry and studies their impact on the overall market. It also assesses the market dynamics, covering the key demand and price indicators, along with analysing the market based on the SWOT and Porter’s Five Forces models.

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The key highlights of the report include:

Market Overview (2016-2026)

Forecast CAGR (2021-2026): 7.5% (Global Magnesium Supplements Market)

Due to the increasing health awareness across the globe, the demand for magnesium lactate has been steadily increasing. This demand is further supplemented by the increased application in food and beverages. The rising disposable income is also boosting the demand for premium fortified food products, which is aiding the magnesium lactate market. The rising adoption of magnesium lactate in industries, such as agrochemicals, pharmaceuticals, cosmetics, dairy, and functional foods, for yielding better quality to the food products and drugs will foster the market growth in the forecast period.

Industry Definition and Major Segments

Magnesium lactate is a naturally occurring mineral, which is required in the body to support the smooth functioning of the heart, nervous system, and digestive system. Magnesium lactate is also being used as a mineral supplement to treat magnesium deficiency. Besides its application as an ingredient in supplements, it is now being added to food and beverages.

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By grade, the market can be divided into:

Food Grade
Industrial Grade
Pharmaceutical Grade
On the basis of applications, the market is divided into:

Personal Care and Cosmetics
Pharmaceuticals
Food and Beverage
Agrochemicals
Others
Latest Global New on Magnesium Lactate Market @https://www.expertmarketresearch.com/pressrelease/global-magnesium-...

The regional markets for the product include the following regions:

North America
Europe
Asia Pacific
Latin America
Middle East and Africa
Market Trends

In 2018, Macco Organiques acquired ISALTIS, a key player operating in the magnesium lactate market, with control over 75% of stakes in the company’s capital to become a global leader of high purity mineral salts, while accompanying ISALTIS towards expansion. Such developments are expected to positively impact the market growth in the coming years.

The usage of magnesium lactate as an acidity regulator and food additive in the food and beverage industry will boost the demand in the forecast period. Other applications of magnesium lactate, such as in agrochemicals, have created a modest demand, mostly driven by regional governments’ efforts in fighting mineral differences and increasing fortification initiatives.

Key Market Players

The major players in the market are Corbion NV, Jungbunzlauer Suisse AG, Isaltis Inc., Fengchen Group Co., Ltd, Axiom Chemicals Pvt. Ltd., and others. The report covers the market shares, capacities, plant turnarounds, expansions, investments and mergers and acquisitions, among other latest developments of these market players.

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Note 2: As the novel coronavirus (COVID-19) continues to spread across the world, our analysts are constantly tracking the impact of this rapidly evolving situation on the markets and the consumer purchase behaviours. Thus, our latest estimates and analysis about the current market trends and forecast will exhaustively reflect the effects of this emerging pandemic.

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