Magnesium Glycinate Market Analysis

Application (Pharmaceuticals, Food Additives, Feed Additives, Personal Care Products)

The global magnesium glycinate market is segmented and analyzed for demand and supply by application into pharmaceuticals, food additives, feed additives, and personal care products. Out of these segments, the pharmaceuticals segment is expected to hold the highest growth by the end of the year 2037. The growth of the segment can be attributed to the existence of a huge patient pool that requires pharmaceutical treatment. Moreover, rising healthcare expenditure per capita on healthcare is also estimated to add to the growth of this segment in the market. As per The World Bank, the current health expenditure of the year 2019, accounted for 9.83% of the global GDP. The increasing concern of people regarding health increases the early diagnosis of disease or health conditions. Magnesium glycinate is used as a magnesium supplement in patients with magnesium deficiency. Magnesium also helps to prevent other health conditions such as metabolic syndrome, diabetes, hyperlipidemia, asthma, preeclampsia, and migraine headaches. The increased incidence of these disorders across the world rises the need for magnesium supplements thereby boosting market growth.

Type (Dry, Liquid)

The global magnesium glycinate market is also segmented and analyzed for demand and supply by type into dry and liquid forms. Among these segments, the liquid form is estimated to Garner the largest share of the market. Liquids are more popular than dry powder as they are easily observed in the body. Also, many patients are in a weak state where they are not able to consume any solid or dry form of medicine. Additionally, liquids are believed to be soft and easy on the stomach of the patient. The increasing adoption of supplements among people these days is estimated to drive the market. These supplements are used to provide nutritional balance and promote a healthy lifestyle. Further, the rising consumption of spicy and outdoor foods is causing stomach ulcers, heartburns, and acid indigestion problems. Magnesium is used to relieve these symptoms.