Magnesium Lactate Market Evaluation Targets Advancement Anticipated until 2026
Magnesium lactate, obtained from lactic acid, has been gaining popularity, which can be attributed to the myriad of benefits it provides to the human body.
[UKPRwire, Fri May 17 2019] Potassium deficiency found among consumers, which leads to fatigue, loss of appetite, muscle weakness, diabetes, severe burns, and even heart failures have increased the importance of dietary supplements. As a result, consumers are gravitating towards various dietary supplements to ensure a balanced diet, which is predicted to significantly influence the size of the Magnesium Lactate Market.
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Magnesium lactate, obtained from lactic acid, has been gaining popularity, which can be attributed to the myriad of benefits it provides to the human body. Sales of magnesium lactate have been gaining momentum on account of its abundance availability.
Magnesium lactate have been witnessing an uphill trend of adoption in industries such as agrochemicals, pharmaceuticals, cosmetics, dairy, and functional foods for yielding better quality to the food products and drugs. In addition to this, the dietary supplements including magnesium lactate are available over-the-counter as well as with prescription, which has only intensified their sale probabilities.
Significant players operating in the magnesium lactate market include Corbion N.V., Jungbunzlauer Suisse AG, K+S Aktiengesellschaft, American Elements, PMP Fermentation Products, Inc., Lehmann&Voss&Co., Dr. Paul Lohmann Gmbh KG, Penta Manufacturing Co. LLC, Jost Chemical Co., Gadot Biochemical Industries Ltd., Magnesia Gmbh, and ISALTIS. Below are some of the novel developments proposed by players operating in the magnesium lactate market. The players have been entering into strategic mergers and acquisitions to pave their path of expansion and maximize their geographical outreach in the magnesium lactate market.
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.
Recently, Corbion N.V. completed the acquisition of Granotec do Brazil to employ sustainable growth strategy and enhance the customer experience. Granotec do Brazil will complement the Corbion’s capabilities by advancing its geographical footprints.
K+S Aktiengesellschaft, a significant player in the magnesium lactate market, recently entered into a decade-long agreement with Kalium Lakes with an aim to secure the access to the first production of potassium sulfate in Australia.
In 2018, Lehmann&Voss&Co. expanded its production capacity for LUVOCOM® high-performance compounds to ensure their future growth. Owing to the impressive level of acceptance of these compounds in China, a second compounding line will be installed in 2019, which will be able to accommodate customer-specific application facilities.
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Growth of the magnesium lactate market is also upheld by the food and beverage industry, where the mineral salt is used as an acidity regulator and food additive. Owing to the increasing health consciousness among consumers, many restaurants and cafes have been experimenting with the healthy substitutes of food, which is anticipated to fuel the growth of magnesium lactate market in the forthcoming years.
Growing concerns pertaining to the degrading agricultural productivity have encouraged the government to increase the utilization of magnesium lactate for controlling malnutrition and hunger. This has promoted the use of macro and micro-nutrients, like magnesium lactate, to yield better quality of crops. Recommendations of WHO for the adoption of these fortified crops, on account of their underlying health benefits have only fueled their demand further, which is expected to deliver profitable growth opportunities to the magnesium lactate market.
China and India took a cue from the benefits of magnesium lactate and incorporated biotechnology to enhance the agricultural production. These trends are being imitated by the countries of the Middle East and Africa. In addition, the U.S. and Europe being the exporters of fortified flour are anticipated to drive steady growth to the magnesium lactate market.
The magnesium lactate report is a compilation of first-hand information, qualitative and quantitative assessment by industry analysts, inputs from industry experts and industry participants across the value chain. The report provides in-depth analysis of parent market trends, macro-economic indicators and governing factors along with market attractiveness as per segments. The magnesium lactate report also maps the qualitative impact of various market factors on market segments and regions.
Our analysis will follow a modeling-based approach and triangulation methodology to estimate data covered in this magnesium lactate report. A detailed market understanding and assessment of the applications, types, forms, and end uses of the product segments covered in the magnesium lactate study is followed by carrying out a demand-side approach to estimate the sales of target product segments, which is then cross-referenced with a supply-side assessment of value generated over a pre-defined period. The statistics and data are collected at a regional level, consolidated and synthesized at a global level to estimate the overall market size.
This analytical research study imparts an all-inclusive assessment on the market, while propounding historical intelligence, actionable insights, and industry-validated & statistically-upheld market forecast. Verified and suitable set of assumptions and methodology has been leveraged for developing this comprehensive study. Information and analysis on key market segments incorporated in the report has been delivered in weighted chapters.
Compilation of authentic and first-hand intelligence, insights offered in the report are based on quantitative and qualitative assessment by leading industry experts, and inputs from opinion leaders & industry participants around the value chain. Growth determinants, macroeconomic indicators, and parent market trends have been scrutinized and delivered, coupled with the market attractiveness for each market segment encompassed. Qualitative impact of growth influencers on the market segments across regions has also been mapped by the report.
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