Global Magnesium for Supplements Market Research Report 2023-Competitive Analysis, Status and Outlook by Type, Downstream Industry, and Geography, Forecast to 2029

Global Magnesium for Supplements Market Research Report 2023-Competitive Analysis, Status and Outlook by Type, Downstream Industry, and Geography, Forecast to 2029

Magnesium is a mineral that is important for normal structure in the body. People get magnesium from their diet, but sometimes magnesium supplements are needed if magnesium levels are too low.

Magnesium supplements may improve a number of health markers, such as muscle soreness, digestion, blood pressure and blood sugar control. It may also reduce your risk of health conditions such as heart disease, migraine, and depression. The report mainly studies Magnesium for Supplements market.

Market Overview:

The latest research study on the global Magnesium for Supplements market finds that the global Magnesium for Supplements market reached a value of USD 100.68 million in 2022. It’s expected that the market will achieve USD 138.5 million by 2028, exhibiting a CAGR of 5.46% during the forecast period.

The overall impact of the epidemic on the Magnesium Supplements market

Coronavirus disease has spread to almost every country in the world. This is a fatal disease that affects many people in an unprecedented way. The World Health Organization (WHO) announced emergency medical care and issued many guidelines to control its spread. In many countries, governments imposed blockades in the first half of 2020.
The spread of coronavirus has brought a lot of confusion to people in the treatment process. Novel coronavirus's disease will have adverse effects on patients with chronic diseases and the elderly. In addition, under the worry of epidemic situation, people's health awareness has further increased, which has promoted the online sales market of Magnesium Supplements to a certain extent. Thereby having a positive impact on the Magnesium for Supplements industry.

The overall impact of the epidemic on the Magnesium for Supplements market

Judging from the production situation of products in the Magnesium for Supplements industry, the production difficulty is increased. It is mainly the shortage of upstream materials and employment in enterprises, and the price of raw materials for products in the Magnesium for Supplements industry will also face price increases. However, the marketing price of products in the Magnesium for Supplements industry tends to decline due to the decrease of market orders and other reasons. It can be seen that this epidemic is extremely unfavorable to the development of the Magnesium for Supplements industry, which is facing the severe challenge of increasing production cost and sluggish market.
In the face of this epidemic situation, the main countermeasures that enterprises in all links of the industry chain of Magnesium for Supplements need to take are to pay real-time attention to the epidemic situation and industrial information trends, and make overall arrangements for various tasks according to the situation. Enterprises should also pay attention to equipment maintenance, personnel organization and management and other aspects of production preparation. At the same time, industry market operators should pay more attention to increasing investment in e-commerce and developing network market to expand sales channels.

Release of consumer demand

With the accelerating process of urbanization, the pace of life of residents has become faster, and the pressure of work and life has also increased, which is easy to induce various diseases. Because of the busy work, more and more people choose to eat out or take-out. The diet is characterized by high oil, high salt, high sugar, meaty meat and less vegetables, which not only increases the burden on the stomach, but also easily lacks nutrients rich in vegetables such as vitamins. Therefore, taking Magnesium Supplements to prevent diseases and help digestion is becoming increasingly important.
In addition, consumers' demand for Magnesium for Supplements is gradually subdivided, and different groups of people have different health needs. The function of Magnesium for Supplements is refined: the elderly pay more attention to cardiovascular health and sleep products; Children's needs focus on bone products and educational products; Pay attention to male liver and kidney maintenance and sports nutrition supplement products; Women pay more attention to fat-reducing and shaping products and beauty products. This gives the Magnesium for Supplements enterprises the opportunity of differentiated development.

Limitations on the use of magnesium for supplements

Magnesium supplements may not be safe for people taking diuretics, heart medications or antibiotics. When taken in very large amounts, magnesium lactate, as a medicine, is potentially unsafe. Large doses might cause too much magnesium to build up in the body, causing serious side effects such as irregular heartbeat, low blood pressure, confusion, slowed breathing, coma, and even death.

Competition in the industry is fierce

For most industries the intensity of competitive rivalry is the major determinant of the competitiveness of the industry. Having an understanding of industry rivals is vital to successfully market a product. Positioning pertains to how the public perceives a product and distinguishes it from competitors. A business must be aware of its competitors marketing strategy and pricing and also be reactive to any changes made. The Magnesium for Supplements industry is facing a fierce competitive position. Many companies have been doing business in this industry. They pay more attention to R&D, product innovation, channel construction and customer relationship management, trying to gain greater market share and competitive advantage.

Region Overview:

Geographically, North America held the largest market share – 36.22% in 2022.

Company Overview:

Dr. Paul Lohmann is one of the major players operating in the Magnesium for Supplements market, holding a share of 6.55% in 2023.

Dr. Paul Lohmann

Dr. Paul Lohmann® has been able to establish and maintain its leading position as an international manufacturer of Mineral Salts that meet the highest quality standards reliably serving the pharmaceutical, food, nutritional supplement and cosmetic industries.

Shijiazhuang Donghua Jinlong Chemical Co., Ltd

Shijiazhuang Donghua Jinlong Chemical Co., Ltd. (SDJC) is located at Number 100, Hua Gong Zhong Road, Shijiazhuang Chemical Recycling Industrial Park. Covering an area of 390,000 square meters, SDJC produces mainly ‘Donghuajian’ industrial grade glycine, refined glycine, Hydantoin, Calcium glycinate, Zinc glycinate, Ferrous glycinate, Magnesium glycinate, and downstream derivatives.

Segmentation Overview:

By type, Magnesium Glycinate segment accounted for the largest share of market in 2022.

Magnesium Oxide

Magnesium oxide is an inorganic salt of magnesium formed with ions of magnesium and oxygen. It’s one of many forms of magnesium available for purchase in supplement form. It’s added to dietary supplements as well as over-the-counter medications used to treat constipation, indigestion, and headaches.

Magnesium Citrate

Magnesium citrate is an over-the-counter magnesium preparation made with a combination of salt and citric acid. Magnesium citrate is sometimes described as a “saline laxative” because it effectively works to relieve constipation and clear out the intestines, thanks to its abilityto increase water and fluids in the small intestine. Magnesium Citrate - Magnesium citrate is one of the most popular and easily absorbed forms of magnesium in magnesium supplements on the market today. This form of magnesium binds to citric acid, which leads to a smaller amount of elemental magnesium per capsule.

Magnesium Chloride

Magnesium chloride is a type of salt used as a nutritional supplement. Magnesium chloride may improve health by increasing the amount of magnesium in people with low levels of it. Magnesium chloride is well absorbed in the body. It is also used in oil to be applied topically.

Magnesium Glycinate

Magnesium glycinate is one type of magnesium supplement that is available to increase levels in people who can use more magnesium, including those with anxiety, diabetes, heart issues and pain. It consists of the mineral magnesium bound to the amino acid glycine. It’s considered to be one of the most effective types of magnesium supplements due to its bioavailability — plus it’s also fast-acting, generally well-tolerated and unlikely to cause loose stools (diarrhea).

Magnesium Malate

The health benefits of magnesium malate derive from the magnesium content. So, the malate just functions as the mineral carrier and helps the intestines absorb the magnesium better. This particular formulation of magnesium may be helpful for conditions related to over-excitation of the neuromuscular system, including chronic fatigue syndrome and fibromyalgia.

Magnesium Taurate

Magnesium taurate is one of the popular magnesium supplements and is quite effective in blood pressure regulation. Unlike other magnesium supplements, magnesium taurate is laced with taurine, an amino acid. The Magnesium Taurate benefits are unique.

Application Overview:

By application, the Digestion segment occupied the biggest share from 2018 to 2022.

Muscle Soreness

Magnesium blocks the calcium channel, preventing an excessive increase in intracellular calcium levels, which reduces muscles cramping spasm. The most consistent, effective and easiest way to improve your magnesium levels is to take a magnesium supplement regularly.

Digestion

During digestion, three primary digestive enzymes turn food into nutrients that can be absorbed and assimilated by the body. Magnesium plays a role in numerous enzymes systems throughout the body. A few of these processes include energy production from protein, carbohydrate, and fat metabolism.

Mood and Sleep

Magnesium supports the relaxation journey by activating the parasympathetic nervous system. The main job of the parasympathetic nervous system is to help you get relaxed and feel calm. Another way that magnesium facilitates better sleep is by maintaining healthy levels of GABA. GABA stands for gamma-aminobutyric acid, it’s a neurotransmitter that promotes sleep.

Heart Health

Muscle cells in your heart and blood vessels have ion transport channels that move ions like sodium, potassium, and calcium into and out of cells, causing muscle contractions. Magnesium is necessary for this ion pump to work and helps keep the heart pumping with a regular rhythm. Magnesium can decrease blood pressure and decrease the risk of type 2 diabetes. Magnesium decrease the risk of heart disease.

Key Companies in the global Magnesium for Supplements market covered in Chapter 3:

Novotech nutraceuticals
Isaltis
Shijiazhuang Donghua Jinlong Chemical Co., Ltd
Yunbo Chemical
Adani Pharma
Global Calcium
Xinyang Chemical Co., Ltd.
Jungbunzlauer
ICL Group
Dr. Paul Lohmann
Vasa Pharmachem Pvt.
Gadot Biochemical Industries
Dongtai Food Ingredients

In Chapter 4 and Chapter 14.2, on the basis of types, the Magnesium for Supplements market from 2018 to 2029 is primarily split into:

Magnesium Oxide
Magnesium Citrate
Magnesium Chloride
Magnesium Glycinate
Magnesium Malate
Magnesium Taurate
Others

In Chapter 5 and Chapter 14.3, on the basis of Downstream Industry, the Magnesium for Supplements market from 2018 to 2029 covers:

Muscle Soreness
Digestion
Mood and Sleep
Heart Health
Others

Geographically, the detailed analysis of consumption, revenue, market share and growth rate, historic and forecast (2018-2029) of the following regions are covered in Chapter 8 to Chapter 14:

North America (United States, Canada)
Europe (Germany, UK, France, Italy, Spain, Russia, Netherlands, Turkey, Switzerland, Sweden)
Asia Pacific (China, Japan, South Korea, Australia, India, Indonesia, Philippines, Malaysia)
Latin America (Brazil, Mexico, Argentina)
Middle East & Africa (Saudi Arabia, UAE, Egypt, South Africa)