Magnesium Glycinate Market To Reach USD 2.8 Billion By 2032, Says DataHorizzon Research

The magnesium glycinate market size was valued at USD 1.6 Billion in 2023 and is expected to reach USD 2.8 Billion by 2032 at a CAGR of 6.3%.

Fort Collins, Colorado, April 15, 2024 (GLOBE NEWSWIRE) —

Several studies have highlighted the importance of magnesium in various bodily functions, including muscular function, neuronal transmission, energy metabolism, and bone health. The research findings on the health benefits of adequate magnesium intake contribute to increasing public awareness about the importance of maintaining optimal magnesium levels for overall well-being. Healthcare professionals, including doctors, dietitians, and nutritionists, play a crucial role in educating patients and clients about the advantages of magnesium and promoting its incorporation into their diets for improved health outcomes.

The increasing demand for natural and nutritious supplements presents a significant opportunity for developing the magnesium glycinate market. Consumers emphasize their overall health and fitness, leading them to seek supplements like magnesium glycinate due to their natural origin and perceived health benefits, such as relaxation and stress management. This trend has spurred the market for health-conscious individuals seeking effective treatments for magnesium deficiency. Manufacturers are capitalizing on this consumer sentiment by focusing on high-quality, natural formulations that align with consumer preferences. Strategic marketing efforts highlighting magnesium glycinate’s natural origins and health benefits enable businesses to leverage their market positions effectively.

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Segmentation Overview:

The magnesium glycinate market has been segmented into product type, application, distribution channel, and region.

Powder is the leading segment for the product category.

  • The market is segmented by product type into powder and capsules/tablets. Powder is expected to dominate market growth in the forecast period, attributed to its flexibility in dosage customization and preference by individuals who prefer to adjust their magnesium intake according to their specific needs or preferences. 

Dietary supplements are projected to register a significant growth in the forecast period.

  • The market is further segmented by application into dietary supplements, functional food and beverages, and pharmaceuticals. Dietary supplements experienced significant growth in 2023 and are expected to dominate the market in the forecast period because they address magnesium deficiency, support overall health and well-being, and alleviate symptoms associated with inadequate magnesium intake. 

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Magnesium Glycinate Market Report Highlights:

  • The magnesium glycinate market growth is anticipated at a CAGR of 6.3% by 2032.
  • The growing demand for natural and nutritious supplements creates a huge potential for development of magnesium glycinate market.
  • North America registered a significant CAGR in the past few years owing to the high prevalence of magnesium deficiency and growing consumer awareness.
  • Some prominent players in the magnesium glycinate market report include Albion Minerals, Balchem Corporation, Jost Chemical Co., Nutriscience Innovations, NOW Foods, NutraBio Labs, Pure Encapsulations, Swanson Health Products, Thorne Research and Trace Minerals Research.  

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About DataHorizzon Research:

DataHorizzon is a market research and advisory company that assists organizations across the globe in formulating growth strategies for changing business dynamics. Its offerings include consulting services across enterprises and business insights to make actionable decisions. DHR’s comprehensive research methodology for predicting long-term and sustainable trends in the market facilitates complex decisions for organizations.

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Mail: sales@datahorizzonresearch.com

Ph: +1-970-672-0390

Website: https://datahorizzonresearch.com/

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CONTACT: Mail: sales@datahorizzonresearch.com Ph: +1-970-672-0390 Website: https://www.datahorizzonresearch.com 

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