Magnesium Stearate Market

Magnesium Stearate: Market Dynamics

The demand for magnesium stearate will increase, owing to its lubricating properties that prevent ingredients from sticking to manufacturing equipment during the production of medicinal tablets.

The use of magnesium stearate in baby formula and other dietary supplements as well as in cosmetic products are some of the lesser known factors driving the growth of the global market. However, the controversial status of the compound isn’t the only restraint challenging the growth of the market. Environmental regulations regarding the use of magnesium stearate vary from region-to-region and are strict in several countries in the world, which is restraining the global expansion of the magnesium stearate market size. The high cost of extracting or deriving magnesium stearate as a raw material is also a major impediment in the growth of the global market.

Market Segmentation

The global magnesium stearate market is classified on the basis of applications, end-users, and the geographic regions.

Owing to the pervasive use, the powder & tablet lubricant segment will continue to procure a majority share of the global market, whereas food additives segment is projected to show substantial growth in terms of volumes.

Owing the leading application-based segment, the pharmaceutical companies are expected to be the dominant end-user based segments. Increased consumption of nutraceutical products is also expected to trigger the growth of the food industry segment.

Regional Status of Magnesium Stearate

Among the geographical segmentation of the global market, Asia Pacific (APAC) region will continue the dominance in terms of market value. The increased adoption of food additives in several APAC region is estimated to be one of the primary reason favouring the growth of the magnesium stearate market. In terms of the revenue share, China is expected to be a major contributor in the APAC magnesium stearate market. Moreover, North America is also expected to be emerge as an opportune region for the growth of the magnesium stearate market. Consumption of food products with added supplements that claim health benefits is a growing trend in the US, resulting into the driving factor for North American magnesium stearate market.

Magnesium Stearate Market: Competitive Landscape

The key players in the global market for magnesium stearate include, Kirsch Pharma GmbH, PT Halim Sakti Pratama, Bronson & Jacobs, Parchem fine & specialty chemicals, Nimbasia, Aromantic Ltd., and Amik Italia Spa-Chemical Company, among others. The key pharmaceutical manufacturers are expected to develop processing methods to enhance surplus production of magnesium stearate. However, the end-user food manufacturers are facing challenges to expand the usage capacity, owing to the strict FDA regulations regarding the additive amount of magnesium stearate in a food product.

The 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 report also maps the qualitative impact of various market factors on market segments and geographies.

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