Magnesium citrate is a magnesium preparation in salt form with citric acid. It’s often used in nutrition supplement, food & beverage industry and pharmaceutical industry.
Magnesium citrate is an important magnesium supplements. The main benefit of magnesium citrate over other forms of magnesium is that it is more easily absorbed by the body. Major applications of magnesium citrate are nutrient supplement, food & beverage industry and pharmaceutical industry etc. In 2016, amount of nutrient supplement consumed magnesium citrate is about 3439 MT. Food & beverage consumed about 1237 MT in 2016.
Magnesium citrate is usually classified into anhydrous type, nonahydrate type and others. Anhydrous type magnesium citrate is also used as a saline laxative but is also used as a food additive and dietary supplement. Nonahydrate type magnesium citrate is another common used magnesium citrate. In 2016, global anhydrous type magnesium citrate consumption is about 3131 MT, while consumption of nonahydrate type magnesium citrate is 2276 MT.
In the future, we predict that global consumption will continue to increase, with the improvement of people’s awareness of health. By 2023, global consumption will increase to 7825 MT, with an average increase rate of 4.93% from 2018 to 2023.
Over the next five years, LPI(LP Information) projects that Magnesium Citrate will register a 3.6% CAGR in terms of revenue, reach US$ 47 million by 2023, from US$ 40 million in 2017.
This report studies the global market, especially in North America, Europe, Asia-Pacific, South America, Middle East and Africa, focuses on the top 5 players in each region, with sales, price, revenue and market share from 2013 to 2018, the top players:
- Jungbunzlauer
- Global Calcium
- Gadot Biochemical Industries
- Sucroal
- Dr. Paul Lohmann
- Penglai Marine
- Dongtai Food Ingredients
- Yunbo Chemical
- Xiyang Chemical
- Hengheng Fine Chemical
Market Segment by Regions, this report splits Global into several key Regions, with sales, revenue, market share of top players in these regions, from 2013 to 2018 (forecast), like
- North America (United States, Canada and Mexico)
- Asia-Pacific (China, Japan, Southeast Asia, India and Korea)
- Europe (Germany, UK, France, Italy and Russia etc.)
- South America (Brazil, Chile, Peru and Argentina)
- Middle East and Africa (Egypt, South Africa, Saudi Arabia)
Split by Product Types, with sales, revenue, price, market share of each type, can be divided into
- Anhydrous Type
- Nonahydrate Type
- Other
Split by applications, this report focuses on sales, market share and growth rate in each application, can be divided into
- Nutrient Supplement
- Food & Beverage Industry
- Pharmaceutical Industry
- Others