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Magnesium Gluconate Market

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The global magnesium gluconate market size is expected to witness potential gains in the future, and register a significant CAGR of 2.9% over the forecast period (2019 - 2027).
Magnesium Gluconate Market Size, Share Till 2027
The global magnesium gluconate market size is expected to witness potential
gains in the future, and register a significant CAGR of 2.9% over the forecast
period (2019 - 2027).
Market Overview
Magnesium gluconate is the magnesium salt of gluconic acid. It is used as a
mineral supplement for magnesium in blood. It is also a food additive that acts
as an acidity regulator. It is used as a firming agent and a yeast nutrient.
Magnesium gluconate is better absorbed and causes less diarrhea and is
therefore preferred as a magnesium supplement. It also finds application in
personal care products such as deodorizing hair & body wash, face lotion, and
glycerin bar soap.
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Market Outlook
Among regions, Asia Pacific is projected to be witness the highest CAGR over
the forecast period. This is owing to increasing incidences of gastrointestinal
disorders, diarrhea, and kidney disease in the region. North America is expected
to account for major market share, owing to presence of major pharmaceutical
companies in the region.
Key Players
Key players in the market are focused on conducting preclinical trials for use of
magnesium gluconate for the treatment of hypomagnesemia. For instance, in
June 2019, Trivedi Global, Inc. announced results from preclinical trials on the
advantageous effect of biofield energy treatment on enhancing physicochemical
properties of magnesium gluconate for the treatment of hypomagnesemia.
Some of the major players operating in the global magnesium gluconate market
include, Taizhou Yojoy Chemical Co., Ltd., Ferguson (Wuhan) Biotechnologies
Ltd., Hongkong Yuancheng Saichuang Technology Co., Ltd., Xi'an Miracle
Biotechnology Co., Ltd., Henan Xingfa Bio-Technology Co., Ltd., Shandong
Penglai Marine Bio-Tech Co., Ltd., Hangzhou Dayangchem Co., Ltd., and
Generichem Corporation.
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pallavi.reddy
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