Food Grade Magnesium Carbonate Market Size, Share & Industry Analysis, By type (Powder, Granular), By Application (Flour Improver, Moisture-proof Agent, Other)and regional Forecast, 2024-2032
KEY INDUSTRY INSIGHTS
Magnesium carbonate forms in the magnesite and dolomite rocks, and in most calcareous stones. The magnesium carbonate is non toxic. The addition of carbon dioxide to magnesium complexes yields extracted magnesium carbonate. Magnesium carbonate is commonly used as a food additive in food application to avoid caking. It's also used as a demolding factor in the processing and manufacturing as a carbonate source in soft drinks, coupled with a source of magnesium in dietary supplements.
Expanded use of food grade magnesium carbonate in the food industry, due to flavouring properties has led to driving the market growth of food grade magnesium carbonate. Magnesium carbonate of the food grade is primarily used for the manufacture of lifters in flour. They are a very essential source product component in the composition of flour stabilizer. It can enhance flour miscibility and flexibility, and is a pro-caking and softening agent. However, problems such as rising cost of raw materials and fierce competition between different players, serve as constraints on the growth of the food grade magnesium carbonate industry.
Key Market Driver -
Increased application in food industries drives the market.
Key Market Restraint -
High competition between different players in the market restrict the market growth
Market Segmentation:
Based on product type, the market for global food grade magnesium carbonate is further segmented into powder and granular. Based on application, the market for global food grade magnesium carbonate is further segmented into flour improver, moisture-proof agen, and other. From a geographical standpoint, the market is categorized into North America, Europe, Asia Pacific, Latin America, and the Middle East and Africa.
Key Players Covered:
The global food grade magnesium carbonate market is fairly fragmented, with a number of global & regional players operating. Some of the key players in the global food grade magnesium carbonate market include 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 and others.
Key Insights
- New Advancements in Production Technologies
- Key Trends in the global Food Grade Magnesium Carbonate Market
- New Product Launches, Expansions, Key Players
- Ranking of Key Players in the Market
Regional Analysis:
In terms of Geography, the global food grade magnesium carbonate market has been segmented into North America, Europe, Asia Pacific, Latin America, and Middle East & Africa. Asia-Pacific region dominates the global food grade magnesium carbonate market. Owing to the growth in fitness and nutrition among people in this country, the sales of various food industries has increased manifold due to varieties of health benefits of the magnesium carbonate thus increasing the market growth. Rising population is one of the major factors driving the Asia Pacific market. North America holds a large market share. The growing consciousness of people related to a healthier lifestyle has lifestyle has contributed to a move towards healthy eating habits and further driven demand as a requirement for a healthy alternative and flavoured food thereby driving the region's market development. This region's development too can be attributed to huge consumption and large number of manufacturers in the region. Owing to the favorable economic environment and the emergence of many domestic producers, Europe holds a competitive market share. The ready to eat falvored food have drawn many buyers and are gaining popularity among consumers in Europeon regions. The increased application in the food industry is pushing the market growth in the Middle East and African regions. Strict government regulations pull down the growth of GCC countries for the food grade magnesium carbonate.
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Segmentation
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- Ongoing
- 2023
- 2019-2022
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