Global Magnesium Phosphate Market 2020 Growth Opportunities and Analysis 2025
Date: 2020-07-02   Author: Rahul Varpe  Category: #news

Global Magnesium Phosphate Market 2020 Growth Opportunities and Analysis 2025

Potential application in food & beverages, pharmaceuticals, fertilizers and feed application are propelling the magnesium phosphate market growth. Increasing product demand for oxidative phosphorylation, DNA synthesis, glycolysis, bone structural development and energy production will drive the industry demand.

Advanced biomedical sector to cure skeletal disorders including osteoporosis and arthrodesis has enhanced the product penetration in healthcare industry. Rising use of magnesium phosphate as bone graft substitute owing to its effective mechanical properties, biocompatibility and biodegradability will further stimulate the market demand.

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Growing government focus on food safety awareness and healthy lifestyle coupled with standardized dietary intakes for magnesium phosphate and other nutrients will propel the market growth. Rising product demand along with raw material insufficiency are among key factors influencing the price trend. Substitute advancements through material science development may hinder the product demand.

Dimagnesium phosphate held the maximum market volume share of over 45% in 2017. Extensive use of dimagnesium phosphate as a PH regulation reagent, nutrition supplement agent, a stabilizer and an emulsifier to improve the appearance and taste of dishes will have a positive impact on the product demand. Moreover, increasing use in bakery applications as a leavening agent to enhance fluffiness and dough rise would further strengthen the product penetration.

The regional segmentation covers:

Europe Region (Germany, UK, France, Russia, Italy, Rest of Europe)

North America Region (U.S., Canada, Mexico)

South America Region (Argentina, Brazil, Columbia, Rest of South America)

Asia-Pacific Region (China, South Korea, Japan, Southeast Asia, India, Rest of Asia-Pacific)

The Middle East & Africa Region (UAE, Saudi Arabia, Nigeria, South Africa, Egypt, Rest of MEA)

Food & beverage application is anticipated to witness a significant growth over the forecast period. This growth can be credited to factors such as enhanced energy production, maintaining mineral balance and enzyme activity regulation. Strong outlook in bakery industry as a leavening agent will enhance the product penetration in food industry. In addition, reduced chances of diabetes, heart diseases and hypertension will propel the business size.

Asia Pacific dominates the magnesium phosphate market and holds the maximum volume share of over 45% in 2017. Rising food & beverage and agriculture industries in this region are projected to fuel the market demand. Growing government focus and support on training the farmers to enhance plant growth, crop nutrition and yield are further driving the business growth.

Browse complete Table of Contents (ToC) of this research report @ https://www.decresearch.com/toc/detail/magnesium-phosphate-market

Global magnesium phosphate market is competitive in nature. Key industry participants are Jostchemical, Refractory Minerals Company, Innophos, Triveni Chemicals, Celtic Chemicals and KRONOX Lab Science. Other prominent players are American Elements, Anmol Chemicals Group, Nithyasri Chemicals, Nikunj Chemicals, Powder Pack Chem, Redox, Shanpar, Hap Seng, Pacific Chemicals Company and Nexgen Chemicals. Manufacturers are anticipated to gain a larger market share by adopting various strategies such as merger & acquisition, R&D investments and supply agreements. In November 2017, Innophos acquired Nutra Genesis to strengthen its foothold in nutraceutical markets.

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Rahul Varpe

Rahul Varpe

Rahul Varpe currently writes for algosonline. A communication Engineering graduate by education, Rahul started his journey in as a freelancer writer along with regular jobs. Rahul has a prior experience in writing as well as marketing of services and products online. ...

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