Magnesium Lactate Market: Insights
Magnesium lactate, obtained from lactic acid, has been gaining popularity, which can be attributed to the myriad of benefits it provides to the human body. Sales of magnesium lactate have been gaining momentum on account of its abundance availability.
Magnesium lactate have been witnessing an uphill trend of adoption in industries such as agrochemicals, pharmaceuticals, cosmetics, dairy, and functional foods for yielding better quality to the food products and drugs. In addition to this, the dietary supplements including magnesium lactate are available over-the-counter as well as with prescription, which has only intensified their sale probabilities.
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Magnesium Lactate Market – Novel Developments
Significant players operating in the magnesium lactate market include Corbion N.V., Jungbunzlauer Suisse AG, K+S Aktiengesellschaft, American Elements, PMP Fermentation Products, Inc., Lehmann&Voss&Co., Dr. Paul Lohmann Gmbh KG, Penta Manufacturing Co. LLC, Jost Chemical Co., Gadot Biochemical Industries Ltd., Magnesia Gmbh, and ISALTIS. Below are some of the novel developments proposed by players operating in the magnesium lactate market. The players have been entering into strategic mergers and acquisitions to pave their path of expansion and maximize their geographical outreach in the magnesium lactate market.
- In 2018, Macco Organiques acquired ISALTIS, a key player operating in the magnesium lactate market, with control over 75% of stakes in the company’s capital to become a global leader of high purity mineral salts, while accompanying ISALTIS towards expansion.
- Recently, Corbion N.V. completed the acquisition of Granotec do Brazil to employ sustainable growth strategy and enhance the customer experience. Granotec do Brazil will complement the Corbion’s capabilities by advancing its geographical footprints.
- K+S Aktiengesellschaft, a significant player in the magnesium lactate market, recently entered into a decade-long agreement with Kalium Lakes with an aim to secure the access to the first production of potassium sulfate in Australia.
- In 2018, Lehmann&Voss&Co. expanded its production capacity for LUVOCOM® high-performance compounds to ensure their future growth. Owing to the impressive level of acceptance of these compounds in China, a second compounding line will be installed in 2019, which will be able to accommodate customer-specific application facilities.
Magnesium Lactate Market – Dynamics
Magnesium Lactate as a Dietary Supplement is Gaining Traction
Potassium deficiency found among consumers, which leads to fatigue, loss of appetite, muscle weakness, diabetes, severe burns, and even heart failures have increased the importance of dietary supplements. As a result, consumers are gravitating towards various dietary supplements to ensure a balanced diet, which is predicted to significantly influence the size of the magnesium lactate market.
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Growth of the magnesium lactate market is also upheld by the food and beverage industry, where the mineral salt is used as an acidity regulator and food additive. Owing to the increasing health consciousness among consumers, many restaurants and cafes have been experimenting with the healthy substitutes of food, which is anticipated to fuel the growth of magnesium lactate market in the forthcoming years.
Demand for Fortified Crops to Influence the Sales of Magnesium Lactate
Growing concerns pertaining to the degrading agricultural productivity have encouraged the government to increase the utilization of magnesium lactate for controlling malnutrition and hunger. This has promoted the use of macro and micro-nutrients, like magnesium lactate, to yield better quality of crops. Recommendations of WHO for the adoption of these fortified crops, on account of their underlying health benefits have only fueled their demand further, which is expected to deliver profitable growth opportunities to the magnesium lactate market.
China and India took a cue from the benefits of magnesium lactate and incorporated biotechnology to enhance the agricultural production. These trends are being imitated by the countries of the Middle East and Africa. In addition, the U.S. and Europe being the exporters of fortified flour are anticipated to drive steady growth to the magnesium lactate market.
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