Market Overview:
The global magnesium citrate supplement market is expected to register a CAGR of 5.8% during the forecast period, 2018-2030. The market growth can be attributed to the rising awareness about the benefits of magnesium citrate supplements among consumers and an increase in product launches by key players in the market. Based on type, softgels are expected to account for a larger share of the global magnesium citrate supplement market during the forecast period. This can be attributed to their ease of use and convenience as compared to tablets. By application, online shopping is projected to witness higher growth during the forecast period owing to increasing penetration of internet and growing demand for convenience among consumers. Regionally, North America is estimated to account for a major share of the global magnesium citrate supplement market in 2018 followed by Europe and Asia Pacific respectively.
Product Definition:
A magnesium citrate supplement is a type of mineral supplement that contains magnesium and citric acid. Magnesium is a mineral that is essential for human health, and citric acid is a compound found in citrus fruits that helps to improve absorption of minerals. Magnesium citrate supplements are often used to treat constipation, as the magnesium can help to soften stool and the citric acid can help increase bowel motility. Magnesium Citrate Supplements are also used as an electrolyte replenisher for athletes and those who engage in strenuous physical activity.
Softgels:
Magnesium citrate is a salt that is formed by the reaction of citric acid and magnesium sulfate. The product has an odor similar to that of fresh lemons. It is usually sold in softgels, which are gelatin-coated capsules containing approximately 200 mg of the compound along with 100 mg of dicalcium phosphate.
Tablets:
Tablets are small solid packages that are used to provide single-dose drug formulations. They can be made from a wide range of materials such as plastic, glass, and aluminum. Tablets have the advantage of being easy to swallow; they also help in avoiding any potential negative side effects due to the large volume consumed per dose.
Application Insights:
The retailer application segment led the global magnesium citrate supplement market in 2017. Magnesium plays a key role in maintaining bone and muscle health, which is likely to drive its demand from this application. Furthermore, retailers are likely to be the major end-users of these supplements as they provide excellent returns on investment for retailers due to high product sales. The online shopping segment is anticipated to witness significant growth over the forecast period owing to increasing consumer preference for buying products through online stores rather than physical shops. This trend will positively influence industry growth over the next eight years.
Magnesium citrate tablets are used for treating magnesium deficiency as it helps absorb dietary calcium and maintain bone mineral density by strengthening bones and teeth1; however, there isn¢â‚¬â„¢t enough scientific evidence supporting its effectiveness in treating osteoporosis or any other medical condition related with magnesium deficiency2-4.
Regional Analysis:
North America was the largest market for magnesium citrate supplements, accounting for a share of more than 30.0% in 2017. The region is expected to maintain its dominance over the forecast period as well Magnesium citrate products are widely available in this region and consumers have a high awareness about these products, which is one of the key factors responsible for maintaining the dominance of this region.
Asia Pacific is anticipated to be one of the fastest-growing regions with a CAGR exceeding 6.5% from 2018 to 2030 owing to increasing health consciousness among people and rising disposable income especially in developing countries such as China.
Growth Factors:
- Increasing awareness about the health benefits of magnesium citrate supplements among consumers.
- Rising demand for natural and organic supplements.
- Growing popularity of magnesium citrate supplements as a weight loss aid.
- increasing incidence of magnesium deficiency in the population worldwide
Scope Of The Report
Report Attributes
Report Details
Report Title
Magnesium Citrate Supplement Market Research Report
By Type
Softgels, Tablets
By Application
Retailer, Online Shopping, Others
By Companies
Nature Made, Holland&Barrett, Solgar, Simply Supplements, LES Labs, NusaPure, NutriCology, Natures Aid, Zenith Nutrition, Life Extension, Now Foods, Rootcology, Vitacost, Swanson Health
Regions Covered
North America, Europe, APAC, Latin America, MEA
Base Year
2021
Historical Year
2019 to 2020 (Data from 2010 can be provided as per availability)
Forecast Year
2030
Number of Pages
188
Number of Tables & Figures
132
Customization Available
Yes, the report can be customized as per your need.
Global Magnesium Citrate Supplement Market Report Segments:
The global Magnesium Citrate Supplement market is segmented on the basis of:
Types
Softgels, Tablets
The product segment provides information about the market share of each product and the respective CAGR during the forecast period. It lays out information about the product pricing parameters, trends, and profits that provides in-depth insights of the market. Furthermore, it discusses latest product developments & innovation in the market.
Applications
Retailer, Online Shopping, Others
The application segment fragments various applications of the product and provides information on the market share and growth rate of each application segment. It discusses the potential future applications of the products and driving and restraining factors of each application segment.
Some of the companies that are profiled in this report are:
- Nature Made
- Holland&Barrett
- Solgar
- Simply Supplements
- LES Labs
- NusaPure
- NutriCology
- Natures Aid
- Zenith Nutrition
- Life Extension
- Now Foods
- Rootcology
- Vitacost
- Swanson Health
Highlights of The Magnesium Citrate Supplement Market Report:
- The market structure and projections for the coming years.
- Drivers, restraints, opportunities, and current trends of market.
- Historical data and forecast.
- Estimations for the forecast period 2030.
- Developments and trends in the market.
- By Type:
- Softgels
- Tablets
- By Application:
- Retailer
- Online Shopping
- Others
- Market scenario by region, sub-region, and country.
- Market share of the market players, company profiles, product specifications, SWOT analysis, and competitive landscape.
- Analysis regarding upstream raw materials, downstream demand, and current market dynamics.
- Government Policies, Macro & Micro economic factors are also included in the report.
We have studied the Magnesium Citrate Supplement Market in 360 degrees via. both primary & secondary research methodologies. This helped us in building an understanding of the current market dynamics, supply-demand gap, pricing trends, product preferences, consumer patterns & so on. The findings were further validated through primary research with industry experts & opinion leaders across countries. The data is further compiled & validated through various market estimation & data validation methodologies. Further, we also have our in-house data forecasting model to predict market growth up to 2030.
Regional Analysis
- North America
- Europe
- Asia Pacific
- Middle East & Africa
- Latin America
Note: A country of choice can be added in the report at no extra cost. If more than one country needs to be added, the research quote will vary accordingly.
The geographical analysis part of the report provides information about the product sales in terms of volume and revenue in regions. It lays out potential opportunities for the new entrants, emerging players, and major players in the region. The regional analysis is done after considering the socio-economic factors and government regulations of the countries in the regions.
How you may use our products:
- Correctly Positioning New Products
- Market Entry Strategies
- Business Expansion Strategies
- Consumer Insights
- Understanding Competition Scenario
- Product & Brand Management
- Channel & Customer Management
- Identifying Appropriate Advertising Appeals
8 Reasons to Buy This Report
- Includes a Chapter on the Impact of COVID-19 Pandemic On the Market
- Report Prepared After Conducting Interviews with Industry Experts & Top Designates of the Companies in the Market
- Implemented Robust Methodology to Prepare the Report
- Includes Graphs, Statistics, Flowcharts, and Infographics to Save Time
- Industry Growth Insights Provides 24/5 Assistance Regarding the Doubts in the Report
- Provides Information About the Top-winning Strategies Implemented by Industry Players.
- In-depth Insights On the Market Drivers, Restraints, Opportunities, and Threats
- Customization of the Report Available
Frequently Asked Questions?
Magnesium citrate is a dietary supplement that contains magnesium. Magnesium is important for maintaining healthy bones and muscles, as well as nerve function.
Some of the key players operating in the magnesium citrate supplement market are Nature Made, Holland&Barrett, Solgar, Simply Supplements, LES Labs, NusaPure, NutriCology, Natures Aid, Zenith Nutrition, Life Extension, Now Foods, Rootcology, Vitacost, Swanson Health.
The magnesium citrate supplement market is expected to grow at a compound annual growth rate of 5.8%.
Chapter 1 Executive Summary
Chapter 2 Assumptions and Acronyms Used
Chapter 3 Research Methodology
Chapter 4 Magnesium Citrate Supplement Market Overview 4.1 Introduction 4.1.1 Market Taxonomy 4.1.2 Market Definition 4.1.3 Macro-Economic Factors Impacting the Market Growth 4.2 Magnesium Citrate Supplement Market Dynamics 4.2.1 Market Drivers 4.2.2 Market Restraints 4.2.3 Market Opportunity 4.3 Magnesium Citrate Supplement Market - Supply Chain Analysis 4.3.1 List of Key Suppliers 4.3.2 List of Key Distributors 4.3.3 List of Key Consumers 4.4 Key Forces Shaping the Magnesium Citrate Supplement Market 4.4.1 Bargaining Power of Suppliers 4.4.2 Bargaining Power of Buyers 4.4.3 Threat of Substitution 4.4.4 Threat of New Entrants 4.4.5 Competitive Rivalry 4.5 Global Magnesium Citrate Supplement Market Size & Forecast, 2020-2028 4.5.1 Magnesium Citrate Supplement Market Size and Y-o-Y Growth 4.5.2 Magnesium Citrate Supplement Market Absolute $ Opportunity
Chapter 5 Global Market Analysis and Forecast by Type
5.1 Introduction
5.1.1 Key Market Trends & Growth Opportunities by Type
5.1.2 Basis Point Share (BPS) Analysis by Type
5.1.3 Absolute $ Opportunity Assessment by Type
5.2 Market Size Forecast by Type
5.2.1 Softgels
5.2.2 Tablets
5.3 Market Attractiveness Analysis by Type
Chapter 6 Global Market Analysis and Forecast by Applications
6.1 Introduction
6.1.1 Key Market Trends & Growth Opportunities by Applications
6.1.2 Basis Point Share (BPS) Analysis by Applications
6.1.3 Absolute $ Opportunity Assessment by Applications
6.2 Market Size Forecast by Applications
6.2.1 Retailer
6.2.2 Online Shopping
6.2.3 Others
6.3 Market Attractiveness Analysis by Applications
Chapter 7 Global Magnesium Citrate Supplement Market Analysis and Forecast by Region
7.1 Introduction
7.1.1 Key Market Trends & Growth Opportunities by Region
7.1.2 Basis Point Share (BPS) Analysis by Region
7.1.3 Absolute $ Opportunity Assessment by Region
7.2 Magnesium Citrate Supplement Market Size Forecast by Region
7.2.1 North America
7.2.2 Europe
7.2.3 Asia Pacific
7.2.4 Latin America
7.2.5 Middle East & Africa (MEA)
7.3 Market Attractiveness Analysis by Region
Chapter 8 Coronavirus Disease (COVID-19) Impact
8.1 Introduction
8.2 Current & Future Impact Analysis
8.3 Economic Impact Analysis
8.4 Government Policies
8.5 Investment Scenario
Chapter 9 North America Analysis and Forecast
9.1 Introduction
9.2 North America Market Size Forecast by Country
9.2.1 U.S.
9.2.2 Canada
9.3 Basis Point Share (BPS) Analysis by Country
9.4 Absolute $ Opportunity Assessment by Country
9.5 Market Attractiveness Analysis by Country
9.6 North America Market Size Forecast by Type
9.6.1 Softgels
9.6.2 Tablets
9.7 Basis Point Share (BPS) Analysis by Type
9.8 Absolute $ Opportunity Assessment by Type
9.9 Market Attractiveness Analysis by Type
9.10 North America Market Size Forecast by Applications
9.10.1 Retailer
9.10.2 Online Shopping
9.10.3 Others
9.11 Basis Point Share (BPS) Analysis by Applications
9.12 Absolute $ Opportunity Assessment by Applications
9.13 Market Attractiveness Analysis by Applications
Chapter 10 Europe Analysis and Forecast
10.1 Introduction
10.2 Europe Market Size Forecast by Country
10.2.1 Germany
10.2.2 France
10.2.3 Italy
10.2.4 U.K.
10.2.5 Spain
10.2.6 Russia
10.2.7 Rest of Europe
10.3 Basis Point Share (BPS) Analysis by Country
10.4 Absolute $ Opportunity Assessment by Country
10.5 Market Attractiveness Analysis by Country
10.6 Europe Market Size Forecast by Type
10.6.1 Softgels
10.6.2 Tablets
10.7 Basis Point Share (BPS) Analysis by Type
10.8 Absolute $ Opportunity Assessment by Type
10.9 Market Attractiveness Analysis by Type
10.10 Europe Market Size Forecast by Applications
10.10.1 Retailer
10.10.2 Online Shopping
10.10.3 Others
10.11 Basis Point Share (BPS) Analysis by Applications
10.12 Absolute $ Opportunity Assessment by Applications
10.13 Market Attractiveness Analysis by Applications
Chapter 11 Asia Pacific Analysis and Forecast
11.1 Introduction
11.2 Asia Pacific Market Size Forecast by Country
11.2.1 China
11.2.2 Japan
11.2.3 South Korea
11.2.4 India
11.2.5 Australia
11.2.6 South East Asia (SEA)
11.2.7 Rest of Asia Pacific (APAC)
11.3 Basis Point Share (BPS) Analysis by Country
11.4 Absolute $ Opportunity Assessment by Country
11.5 Market Attractiveness Analysis by Country
11.6 Asia Pacific Market Size Forecast by Type
11.6.1 Softgels
11.6.2 Tablets
11.7 Basis Point Share (BPS) Analysis by Type
11.8 Absolute $ Opportunity Assessment by Type
11.9 Market Attractiveness Analysis by Type
11.10 Asia Pacific Market Size Forecast by Applications
11.10.1 Retailer
11.10.2 Online Shopping
11.10.3 Others
11.11 Basis Point Share (BPS) Analysis by Applications
11.12 Absolute $ Opportunity Assessment by Applications
11.13 Market Attractiveness Analysis by Applications
Chapter 12 Latin America Analysis and Forecast
12.1 Introduction
12.2 Latin America Market Size Forecast by Country
12.2.1 Brazil
12.2.2 Mexico
12.2.3 Rest of Latin America (LATAM)
12.3 Basis Point Share (BPS) Analysis by Country
12.4 Absolute $ Opportunity Assessment by Country
12.5 Market Attractiveness Analysis by Country
12.6 Latin America Market Size Forecast by Type
12.6.1 Softgels
12.6.2 Tablets
12.7 Basis Point Share (BPS) Analysis by Type
12.8 Absolute $ Opportunity Assessment by Type
12.9 Market Attractiveness Analysis by Type
12.10 Latin America Market Size Forecast by Applications
12.10.1 Retailer
12.10.2 Online Shopping
12.10.3 Others
12.11 Basis Point Share (BPS) Analysis by Applications
12.12 Absolute $ Opportunity Assessment by Applications
12.13 Market Attractiveness Analysis by Applications
Chapter 13 Middle East & Africa (MEA) Analysis and Forecast
13.1 Introduction
13.2 Middle East & Africa (MEA) Market Size Forecast by Country
13.2.1 Saudi Arabia
13.2.2 South Africa
13.2.3 UAE
13.2.4 Rest of Middle East & Africa (MEA)
13.3 Basis Point Share (BPS) Analysis by Country
13.4 Absolute $ Opportunity Assessment by Country
13.5 Market Attractiveness Analysis by Country
13.6 Middle East & Africa (MEA) Market Size Forecast by Type
13.6.1 Softgels
13.6.2 Tablets
13.7 Basis Point Share (BPS) Analysis by Type
13.8 Absolute $ Opportunity Assessment by Type
13.9 Market Attractiveness Analysis by Type
13.10 Middle East & Africa (MEA) Market Size Forecast by Applications
13.10.1 Retailer
13.10.2 Online Shopping
13.10.3 Others
13.11 Basis Point Share (BPS) Analysis by Applications
13.12 Absolute $ Opportunity Assessment by Applications
13.13 Market Attractiveness Analysis by Applications
Chapter 14 Competition Landscape
14.1 Magnesium Citrate Supplement Market: Competitive Dashboard
14.2 Global Magnesium Citrate Supplement Market: Market Share Analysis, 2019
14.3 Company Profiles (Details – Overview, Financials, Developments, Strategy)
14.3.1 Nature Made
14.3.2 Holland&Barrett
14.3.3 Solgar
14.3.4 Simply Supplements
14.3.5 LES Labs
14.3.6 NusaPure
14.3.7 NutriCology
14.3.8 Natures Aid
14.3.9 Zenith Nutrition
14.3.10 Life Extension
14.3.11 Now Foods
14.3.12 Rootcology
14.3.13 Vitacost
14.3.14 Swanson Health