TOP CATEGORY: Chemicals & Materials | Life Sciences | Banking & Finance | ICT Media
Click for best price
| Market size in 2024 | US$ 312.4 million |
Forecast Market size by 2030 | US$ 423.6 million |
|---|---|---|---|
| Growth Rate | CAGR of 5.2% | Number of Pages | 129 Pages |
The global Food Grade Magnesium Carbonate market size was valued at US$ 312.4 million in 2024 and is projected to reach US$ 423.6 million by 2030, at a CAGR of 5.2% during the forecast period 2024-2030.
The United States Food Grade Magnesium Carbonate market size was valued at US$ 87.6 million in 2024 and is projected to reach US$ 116.3 million by 2030, at a CAGR of 4.8% during the forecast period 2024-2030.
Food Grade Magnesium Carbonate is a purified form of magnesium carbonate used as an food additive and anti-caking agent in food processing, meeting strict food safety standards.
The global Food Grade Magnesium Carbonate market is experiencing steady growth, driven by food processing applications. In 2023, total production reached 65,000 metric tons, with food additives accounting for 65% of demand. The salt and spice industry segment is growing at 6.0% annually. The market saw a 15% increase in demand for non-GMO certified products in 2023. Standard food grade dominates with a 75% market share, while premium grades are growing at 7% annually. Europe leads with a 35% market share, while Asia Pacific is the fastest-growing region at 6.5% CAGR. The industry is focusing on developing clean label solutions, with a 20% growth in R&D investments.
Report Overview
Food Grade Magnesium Carbonate refers to high-purity magnesium carbonate used in the food and beverage industry as an acidity regulator and anti-caking agent.
This report provides a deep insight into the global Food Grade Magnesium Carbonate market covering all its essential aspects. This ranges from a macro overview of the market to micro details of the market size, competitive landscape, development trend, niche market, key market drivers and challenges, SWOT analysis, value chain analysis, etc.
The analysis helps the reader to shape the competition within the industries and strategies for the competitive environment to enhance the potential profit. Furthermore, it provides a simple framework for evaluating and accessing the position of the business organization. The report structure also focuses on the competitive landscape of the Global Food Grade Magnesium Carbonate Market, this report introduces in detail the market share, market performance, product situation, operation situation, etc. of the main players, which helps the readers in the industry to identify the main competitors and deeply understand the competition pattern of the market.
In a word, this report is a must-read for industry players, investors, researchers, consultants, business strategists, and all those who have any kind of stake or are planning to foray into the Food Grade Magnesium Carbonate market in any manner.
Global Food Grade Magnesium Carbonate Market: Market Segmentation Analysis
The research report includes specific segments by region (country), manufacturers, Type, and Application. Market segmentation creates subsets of a market based on product type, end-user or application, Geographic, and other factors. By understanding the market segments, the decision-maker can leverage this targeting in the product, sales, and marketing strategies. Market segments can power your product development cycles by informing how you create product offerings for different segments.
Key Company
Naikai Salt Industries
Konoshima Chemical
Rahul Magnesia
SCORA S.A.S
Bakhtawar Industries
Hebei Gaolin
Zehui Chemical
Meishen
Xingtai Messi
Liaoning Xinghai Pharmaceutical
Yixing Lark Fine Chemical
Yingkou Magnesite Chemical
Market Segmentation (by Type)
Powder
Granular
Market Segmentation (by Application)
Flour Improver
Moisture-proof Agent
Other
Geographic Segmentation
| Report Attributes | Report Details |
|---|---|
| Report Title | Food Grade Magnesium Carbonate Market, Global Outlook and Forecast 2024-2030 |
| Market size in 2024 | US$ 312.4 million |
| Forecast Market size by 2030 | US$ 423.6 million |
| Growth Rate | CAGR of 5.2% |
| Historical Year | 2018 to 2022 (Data from 2010 can be provided as per availability) |
| Base Year | 2023 |
| Forecast Year | 2031 |
| Number of Pages | 129 Pages |
| Customization Available | Yes, the report can be customized as per your need. |
Frequently Asked Questions ?
