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Magnesium Phosphate Market Report

RA00029

Magnesium Phosphate Market, by Product Type (Mono-Magnesium, Di-Magnesium, and Tri-Magnesium), End-Use (Food & Beverage, Fertilizer, Pharmaceutical, Animal Feed, Water Treatment): Global Opportunity Analysis and Industry Forecast, 2019–2026

RA00029

Pages: 270

Dec 2019

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Magnesium Phosphate Market Overview 2026:

The global market was $1,228.4 million in 2018 and is projected to surpass $1,720.4 million by 2026, at a CAGR of 4.3%.

Market Definition:

Magnesium phosphate is a combination of magnesium and phosphate ions and appearing in different forms. These phosphates are found in minerals. Magnesium phosphate salts are crystalline powder, white color and odorless, high strength, toughness, chemically stable, partially dissolve in water and unsolvable in alcohol.

Magnesium Phosphate Market Growing Factors:

Rising demand from healthcare and food & beverage industries is giving a significant boost to the growth of Global Magnesium Phosphate Market

Rising demand from healthcare, coupled with growing product consumption from other end-use industries are some of the magnesium phosphate market drivers. Increasing demand from the healthcare sector helps to improve the market growth. Various applications of magnesium phosphate in food & beverage, such as anticaking agents, as an emulsifier in food additive, is increasing the growth of this market. Moreover, it helps to maintain the freshness, good appealing, moisture control and to increase the rate of reaction during the baking process.

Market Restraints:

Availability of raw materials for production are a severe threat to the growth of the global market

The availability of raw materials for the production of magnesium phosphate, moreover, a high intake of magnesium phosphate may cause low blood pressure, stomach upset, respiratory issues and lethargy.

Market Opportunities:

Increase in demand from wastewater treatment will provide significant investment opportunities for the market growth

Growing government concerns about wastewater treatment in the manufacturing sector will provide significant growth opportunities for the market. In the process of nitrification and denitrification, the magnesium phosphate in addition to ammonia is used to treat the concentration of hazardous chemicals in industrial effluents, which will further drive the market growth in wastewater treatment. Additionally, the government focuses on a good health and safety lifestyle is generating knowledge among the people about the health benefits of magnesium intake, this will be the growth of the magnesium phosphate.

Magnesium Phosphate Market, by Product Type:

Di-magnesium phosphate segment is predicted to be most lucrative by 2026

Magnesium Phosphate Market, by Product Type
Source: Research Dive Analysis

The di-magnesium phosphate market generated a revenue of $602.3 million in 2018, and it is anticipated to reach $876.0 million over the forecast period. Increasing demands from the food & beverage industry are majorly driving the market in the coming timeframe. Moreover, owing to the increase in the need for food additive in the bakery sector, as consumers prefer more hygiene and health food. Additionally, the mono-magnesium phosphate demand is estimated to reach $577.4 million during the forecast period and tri-magnesium phosphate is projected to reach $276.0 million in the coming timeframe.

Magnesium Phosphate Market, by End-Use:

Magnesium Phosphate Market, by End-Use

Food & Beverage segment is will grow at a CAGR of 4.1% during the projected period
 

Source: Research Dive Analysis

The global magnesium phosphate market for food & beverage is accounted for $331.0 million in 2018, and it is expected to reach $456.6 million over forecast years. Growing demand for food additives in the bakery sector worldwide is generating substantial room for the growth of the market for magnesium phosphate. Magnesium has tremendous medical benefits including controlling the function of enzymes and maintaining mineral equivalence.  This is also expected to drive the healthcare industry's drug demand. The market for the Fertilizer industry is projected noticeable progress in the coming years, due to the increasing necessity for maintaining magnesium phosphate fertilizer content in the soil. Magnesium phosphate also helps to increase the capacity of sunlight capturing for photosynthesis.

Regional Magnesium Phosphate Market Forecast:

Asia-Pacific region will have enormous opportunities for the market investors to grow over the coming years

North America regional market is predicted to touch $234.6 million by the end of 2026; this is due to the upsurge in magnesium phosphate usage in the biomedical sector. The rise in calcium absences among aged people is mainly influencing the North America magnesium phosphate market growth over the earlier years. Calgum is the tablet produced by the calcium in addition to magnesium phosphate, which is an important product used to treat calcium lack in bones and teeth. Moreover, improving research and development actions will additionally help the market to grow over the forecast years. North America market is anticipated to grow in the coming years, due to the increasing magnesium phosphate product demand from the food & beverage sector. 

Asia-Pacific held the largest magnesium phosphate market share over 40% in 2018, generating a revenue of $ 519.1 million and it is predicted to continue its dominance. This is majorly due to the growth of the agriculture industry as well as the food & beverage industry. The significant presence of agriculture-based countries in this region, such as China and India will enhance the necessity for magnesium phosphate, as there will be a huge demand for magnesium phosphate fertilizers. The rising population density in China and India is escalating food & beverage demand, which will drive the Asia-Pacific market. Moreover, the rising pharmaceutical industry will also boost the Asia-Pacific market by increasing manufacturing facilities in this area. These factors make the Asia-Pacific region to be one of the top investment pockets for the manufacturers to invest over the coming years.

Recent Developments In Magnesium Phosphate Market:

Recent Developments In Magnesium Phosphate Market

Product development and joint ventures are the most common strategies followed by the market players
 

Source: Research Dive Analysis

Global magnesium phosphate market players include Nikunj Chemicals, Hindustan Phosphate, Anmol Chemicals Group, Celtic Chemicals, American Elements, Innophos Holdings, Manus Aktteva Biopharma, Jost Chemicals, The Mosaic Company, and Hap Seng among many others.

These companies are adopting new developments in this market, such as Mergers & acquisitions, product launches, and joint ventures. For example, in October 2019, Jost Chemicals launched a new product “Magnesium Phosphate Tribasic Pentahydrate USP Powder”, in order to increase the market size.

Aspect

Particulars

Historical Market Estimations

  2016-2018

Base Year for Market Estimation

  2018

Forecast timeline for Market Projection

  2019-2026

Geographical Scope

  North America, Europe, Asia-Pacific, LAMEA

Segmentation by Product Type

  • Mono-magnesium Phosphate
  • Di-magnesium Phosphate
  • Tri-magnesium Phosphate

Segmentation by End-Use

  • Food & Beverages
  • Pharmaceuticals
  • Animal Feed
  • Fertilizers
  • Drinking Water Treatment
  • Others

Key Countries covered

U.S., Canada, Germany, France, Spain, Russia, Japan, China, India, South Korea, Australia, Brazil, and Saudi Arabia

Leading Key Players in Magnesium Phosphate Market

 

  • Nikunj Chemicals
  • Hindustan Phosphate
  • Anmol Chemicals Group,
  • Celtic Chemicals
  • American Elements
  • Innophos Holdings
  • Manus Aktteva Biopharma
  • Jost Chemicals
  • The Mosaic Company
  • Hap Seng

Source: Research Dive Analysis


FREQUENTLY ASKED QUESTIONS?
 

A. The global Magnesium Phosphate market size was over $1228.4 million in 2018, and is further anticipated to reach $ 1,720.4 million by 2026.

A. Nikunj Chemicals, Anmol Chemicals Group, Innophos Holdings, and Jost Chemicals are some of the key players in the global aerospace maintenance chemical market.

A. North America region possess great investment opportunities for the investors to witness the most promising growth in the coming years.

A. North America Magnesium Phosphate market is projected to grow at 3.2% CAGR during the forecast period.

A. Product development and joint ventures are the key strategies opted by the operating companies in this market.

A. Jost Chemicals and Anmol Chemicals Group are investing more in R&D activities for developing new products and technologies.

1. Research Methodology

1.1. Desk Research
1.2. Real time insights and validation
1.3. Forecast model

1.4. Assumptions and forecast parameters

1.4.1. Assumptions
1.4.2. Forecast parameters

1.5. Data sources

1.5.1. Primary
1.5.2. Secondary

2. Executive Summary

2.1. 360° summary
2.2. Product type trends
2.3. End-use trends

3. Market overview

3.1. Market segmentation & definitions
3.2. Key takeaways

3.2.1. Top investment pockets
3.2.2. Top winning strategies

3.3. Porter’s five forces analysis

3.3.1. Bargaining power of consumers
3.3.2. Bargaining power of suppliers
3.3.3. Threat of new entrants
3.3.4. Threat of substitutes
3.3.5. Competitive rivalry in the market

3.4. Market dynamics

3.4.1. Drivers
3.4.2. Restraints
3.4.3. Opportunities

3.5. Technology landscape
3.6. Regulatory landscape
3.7. Patent landscape
3.8. Pricing overview

3.8.1. By product type
3.8.2. By end-use
3.8.3. By region

3.9. Market value chain analysis

3.9.1. Stress point analysis
3.9.2. Raw material analysis
3.9.3. Manufacturing process
3.9.4. Distribution channel analysis
3.9.5. Operating vendors

3.9.5.1. Raw material suppliers
3.9.5.2. Product manufacturers
3.9.5.3. Product distributors

3.10. Strategic overview

4. Magnesium Phosphate Market, by Product type

4.1. Mono-magnesium Phosphate

4.1.1. Market size and forecast, by region, 2018-2026
4.1.2. Comparative market share analysis, 2018 & 2026

4.2. Di-magnesium Phosphate

4.2.1. Market size and forecast, by region, 2018-2026
4.2.2. Comparative market share analysis, 2018 & 2026

4.3. Tri-magnesium Phosphate

4.3.1. Market size and forecast, by region, 2018-2026
4.3.2. Comparative market share analysis, 2018 & 2026

5. Magnesium Phosphate Market, by End-use

5.1. Food & Beverage

5.1.1. Market size and forecast, by region, 2018-2026
5.1.2. Comparative market share analysis, 2018 & 2026

5.2. Pharmaceutical

5.2.1. Market size and forecast, by region, 2018-2026
5.2.2. Comparative market share analysis, 2018 & 2026

5.3. Animal Feed

5.3.1. Market size and forecast, by region, 2018-2026
5.3.2. Comparative market share analysis, 2018 & 2026

5.4. Fertilizer

5.4.1. Market size and forecast, by region, 2018-2026
5.4.2. Comparative market share analysis, 2018 & 2026

5.5. Water Treatment 

5.5.1. Market size and forecast, by region, 2018-2026
5.5.2. Comparative market share analysis, 2018 & 2026

5.6. Others

5.6.1. Market size and forecast, by region, 2018-2026
5.6.2. Comparative market share analysis, 2018 & 2026

6. Magnesium Phosphate Market, by Region

6.1. North America

6.1.1. Market size and forecast, by product type, 2018-2026
6.1.2. Market size and forecast, by end-use, 2018-2026
6.1.3. Market size and forecast, by country, 2018-2026
6.1.4. Comparative market share analysis, 2018 & 2026

6.1.5. U.S.

6.1.5.1. Market size and forecast, by product type, 2018-2026
6.1.5.2. Market size and forecast, by end-use, 2018-2026
6.1.5.3. Comparative market share analysis, 2018 & 2026

6.1.6. Canada

6.1.6.1. Market size and forecast, by product type, 2018-2026
6.1.6.2. Market size and forecast, by end-use, 2018-2026
6.1.6.3. Comparative market share analysis, 2018 & 2026

6.1.7. Mexico

6.1.7.1. Market size and forecast, by product type, 2018-2026
6.1.7.2. Market size and forecast, by end-use, 2018-2026
6.1.7.3. Comparative market share analysis, 2018 & 2026

6.2. Asia Pacific

6.2.1. Market size and forecast, by product type, 2018-2026
6.2.2. Market size and forecast, by end-use, 2018-2026
6.2.3. Market size and forecast, by country, 2018-2026
6.2.4. Comparative market share analysis, 2018 & 2026
6.2.5. China

6.2.5.1. Market size and forecast, by product type, 2018-2026
6.2.5.2. Market size and forecast, by end-use, 2018-2026
6.2.5.3. Comparative market share analysis, 2018 & 2026

6.2.6. Japan

6.2.6.1. Market size and forecast, by product type, 2018-2026
6.2.6.2. Market size and forecast, by end-use, 2018-2026
6.2.6.3. Comparative market share analysis, 2018 & 2026

6.2.7. India

6.2.7.1. Market size and forecast, by product type, 2018-2026
6.2.7.2. Market size and forecast, by end-use, 2018-2026
6.2.7.3. Comparative market share analysis, 2018 & 2026

6.2.8. Australia

6.2.8.1. Market size and forecast, by product type, 2018-2026
6.2.8.2. Market size and forecast, by end-use, 2018-2026
6.2.8.3. Comparative market share analysis, 2018 & 2026

6.2.9. South Korea

6.2.9.1. Market size and forecast, by product type, 2018-2026
6.2.9.2. Market size and forecast, by end-use, 2018-2026
6.2.9.3. Comparative market share analysis, 2018 & 2026

6.2.10. Rest of Asia Pacific

6.2.10.1. Market size and forecast, by product type, 2018-2026
6.2.10.2. Market size and forecast, by end-use, 2018-2026
6.2.10.3. Comparative market share analysis, 2018 & 2026

6.3. Europe

6.3.1. Market size and forecast, by product type, 2018-2026
6.3.2. Market size and forecast, by end-use, 2018-2026
6.3.3. Market size and forecast, by country, 2018-2026
6.3.4. Comparative market share analysis, 2018 & 2026
6.3.5. U.K

6.3.5.1. Market size and forecast, by product type, 2018-2026
6.3.5.2. Market size and forecast, by end-use, 2018-2026
6.3.5.3. Comparative market share analysis, 2018 & 2026

6.3.6. Germany

6.3.6.1. Market size and forecast, by product type, 2018-2026
6.3.6.2. Market size and forecast, by end-use, 2018-2026
6.3.6.3. Comparative market share analysis, 2018 & 2026

6.3.7. France

6.3.7.1. Market size and forecast, by product type, 2018-2026
6.3.7.2. Market size and forecast, by end-use, 2018-2026
6.3.7.3. Comparative market share analysis, 2018 & 2026

6.3.8. Spain

6.3.8.1. Market size and forecast, by product type, 2018-2026
6.3.8.2. Market size and forecast, by end-use, 2018-2026
6.3.8.3. Comparative market share analysis, 2018 & 2026

6.3.9. Italy

6.3.9.1. Market size and forecast, by product type, 2018-2026
6.3.9.2. Market size and forecast, by end-use, 2018-2026
6.3.9.3. Comparative market share analysis, 2018 & 2026

6.3.10. Rest of Europe

6.3.10.1. Market size and forecast, by product type, 2018-2026
6.3.10.2. Market size and forecast, by end-use, 2018-2026
6.3.10.3. Comparative market share analysis, 2018 & 2026
6.4. LAMEA

6.4.1. Market size and forecast, by product type, 2018-2026
6.4.2. Market size and forecast, by end-use, 2018-2026
6.4.3. Market size and forecast, by country, 2018-2026
6.4.4. Comparative market share analysis, 2018 & 2026

6.4.5. Brazil

6.4.5.1. Market size and forecast, by product type, 2018-2026
6.4.5.2. Market size and forecast, by end-use, 2018-2026
6.4.5.3. Comparative market share analysis, 2018 & 2026

6.4.6. Saudi Arabia

6.4.6.1. Market size and forecast, by product type, 2018-2026
6.4.6.2. Market size and forecast, by end-use, 2018-2026
6.4.6.3. Comparative market share analysis, 2018 & 2026

6.4.7. South Africa

6.4.7.1. Market size and forecast, by product type, 2018-2026
6.4.7.2. Market size and forecast, by end-use, 2018-2026
6.4.7.3. Comparative market share analysis, 2018 & 2026

6.4.8. Rest of LAMEA

6.4.8.1. Market size and forecast, by product type, 2018-2026
6.4.8.2. Market size and forecast, by end-use, 2018-2026
6.4.8.3. Comparative market share analysis, 2018 & 2026

7. Company profiles

7.1. Jost Chemicals

7.1.1. Business overview
7.1.2. Financial performance
7.1.3. Product portfolio
7.1.4. Recent strategic moves & developments
7.1.5. SWOT analysis

7.2. Anmol Chemicals Group

7.2.1. Business overview
7.2.2. Financial performance
7.2.3. Product portfolio
7.2.4. Recent strategic moves & developments
7.2.5. SWOT analysis

7.3. American Elements

7.3.1. Business overview
7.3.2. Financial performance
7.3.3. Product portfolio
7.3.4. Recent strategic moves & developments
7.3.5. SWOT analysis

7.4. Hap Seng

7.4.1. Business overview
7.4.2. Financial performance
7.4.3. Product portfolio
7.4.4. Recent strategic moves & developments
7.4.5. SWOT analysis

7.5. Hindustan Phosphate

7.5.1. Business overview
7.5.2. Financial performance
7.5.3. Product portfolio
7.5.4. Recent strategic moves & developments
7.5.5. SWOT analysis

7.6. Innophos Holdings

7.6.1. Business overview
7.6.2. Financial performance
7.6.3. Product portfolio
7.6.4. Recent strategic moves & developments
7.6.5. SWOT analysis

7.7. Manus Aktteva Biopharma

7.7.1. Business overview
7.7.2. Financial performance
7.7.3. Product portfolio
7.7.4. Recent strategic moves & developments
7.7.5. SWOT analysis 

7.8. Celtic Chemicals

7.8.1. Business overview
7.8.2. Financial performance
7.8.3. Product portfolio
7.8.4. Recent strategic moves & developments
7.8.5. SWOT analysis

7.9. The Mosaic Company 

7.9.1. Business overview
7.9.2. Financial performance
7.9.3. Product portfolio
7.9.4. Recent strategic moves & developments
7.9.5. SWOT analysis

7.10. Nikunj Chemicals

7.10.1. Business overview
7.10.2. Financial performance
7.10.3. Product portfolio
7.10.4. Recent strategic moves & developments
7.10.5. SWOT analysis

A wave of health awareness has struck all the people across the globe. People are now becoming aware that our body not only needs vitamins and minerals but also some good amount of magnesium phosphate to maintain proper bone health and live a healthy life. Magnesium phosphate is nothing but a chemical compound that contains phosphorus and magnesium. This compound is known to offer immense of health benefits and is being increasingly used in several industrial areas today.

Benefits of magnesium phosphate

Basically, magnesium phosphate is a salt and has been used as a remedy to cure minor skin diseases on account of its drying and anti-fungal properties. Sometimes, this compound can also be used as a preservative in skin creams, conditioners, and anti-aging treatments. In addition, the use of magnesium phosphate offers significant health benefits such as improved blood pressure, reduced fatigue, protein synthesis, and energy metabolism.

Magnesium phosphate supplements have been found valuable for those who have sustained heart damage due to a heart attack or heart disorder.  Being a vital component in bone health, this compound also benefits in controlling the cholesterol levels and might perhaps be used as a treatment for fibromyalgia, reveals a research by MIT. Also, as per FDA documentation, several forms of magnesium phosphate are used as food additives.

Application areas of magnesium phosphate

From food and beverages to pharmaceutical and fertilizers the use of magnesium phosphate is progressively gaining importance in many industrial sectors. In 2014, Compass Mineral Manitoba, Inc., had registered a patent for phosphate magnesium zinc fertilizer. This patent was about a fertilizer that provided starter fertilizers a substitute to traditional phosphorous applications. This fertilizer claimed the rapid and early growth of the plant. The product was made of synergistic mixture of: from about 0.5 to about 1 part Mg: from about 2.4 to about 2.8 parts P2O5: from about 2.8 parts Zn. In addition, during the same year, there was another patent registered which presented the invention related to a process for making slow release phosphate fertilizer. More particularly, the invention described a process for making FCMP from "Low grade rock phosphate ore (LGO)" available from Jhamarkotra mines of RSMM Ltd., Udaipur and serpentinite.

Moreover, magnesium phosphate has been used as an active element in numerous pharmaceutical industries for manufacturing of various products such as antacids, laxatives, and magnesium supplements. On the other hand, several companies in the animal feed industry are also using magnesium phosphate to their products as it is an essential nutrient in animal diets to safeguard optimal growth, improve gut functionality, fertility, and support bone development. TIMAB Magnesium is the one of the leading companies in Magnesium based animal feed. With continuous support from its experts and Groupe Roullier R & D, TIMAB Magnesium is always in hunt for new magnesium-based animal feed products.

Magnesium phosphate is also used in the treatment of waste water. Waste water contains large amount of phosphorus which results in eutrophication of water. Magnesium ammonium phosphate (MAP) crystallization is used to remove and recover phosphorus from wastewater, which can not only avoid the eutrophication, but also comprehend the sustainable use of phosphorus resource. Until today, the mechanism of MAP crystallization is introduced, the influencing factors of crystallization are evaluated, and applications of MAP crystallization are studied. Although, the study of MAP crystallization is still in its initial stage and needs further research.

Future of magnesium phosphate market

Global magnesium phosphate market is quite competitive in nature. Several applications of magnesium phosphate in medicines, food & beverages, fertilizers and feed application are thrusting the growth of magnesium phosphate market.

Since centuries, bone replacement is being practiced using several naturally occurring ingredients, but had hardly been successful till the late 19th century. Today, with several research and development in the medical field, many different bone substitutes are discovered. They are either obtained from biological products such as hydroxyapatite, platelet-rich plasma, demineralized bone matrix, adjunction of growth factors (such as bone morphogenetic protein) or synthetic such as tri-calcium phosphate ceramics, calcium sulfate, bioactive glasses, or polymer-based substitutes. Growth in the use of magnesium phosphate as bone graft substitute owing to its impressive mechanical properties, biocompatibility and biodegradability is expected to boost the magnesium phosphate market in coming years.

Rising product demand for DNA synthesis, glycolysis, oxidative phosphorylation, bone structural development and energy production are also expected to drive the magnesium phosphate market in the coming years. This can be backed by statistics offered by a research report from Research Dive. The report says that, the global magnesium phosphate market is expected to rise with a growth rate of 4.3% from 2019 to 2026. The report also highlights the top players operating in this market. Some of them are Nikunj Chemicals, Hindustan Phosphate, Anmol Chemicals Group, Celtic Chemicals, American Elements, Innophos Holdings, Manus Aktteva Biopharma, Jost Chemicals, The Mosaic Company, and Hap Seng.

Additionally, the Rockville, a Md.-based research firm stated that the focus on whole foods and natural food sources can lead to product formulations that consists of foods naturally rich in magnesium. The report further stated that dairy food supplements, cereals, products, dairy substitutes, bread, baby food, bars and beverages will be at the frontline of the trend.

On the other hand, rising focus of the government on food safety and healthy living along with consistent dietary consumptions for magnesium phosphate and other essential nutrients are sure to fuel the growth of magnesium phosphate market. Hence, it is clear that be it food industries, animal feed manufacturers or pharma companies the applications of magnesium phosphate are rising day by day and are sure to thrust the market growth in the near future.

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