Market Overview:
The global magnesium palmitoyl glutamate market is expected to grow at a CAGR of 5.5% during the forecast period from 2018 to 2030. The growth in this market can be attributed to the increasing demand for magnesium palmitoyl glutamate in personal care and cosmetic additive applications. Additionally, the growing awareness about the benefits of magnesium palmitoyl glutamate is also contributing to the growth of this market.
Product Definition:
Magnesium Palmitoyl Glutamate is an ingredient that can be found in skincare products. It is said to have antioxidant and anti-inflammatory properties, which can help to improve the appearance of skin.
Purity＜85%:
Magnesium palmitoyl glutamic is a derivative of amino acid, which is used as an additive for animal feed. The product helps to improve the quality and quantity of milk produced by animals. In addition, it also aids in increasing weight gain and reducing disease occurrence among animals.
Purity≥85%:
Purity 85% is a transparent, odorless, tasteless liquid made from Magnesium Palmitoyl Glutamate (MPG). It's basically used as an additive in the food & beverage industry to increase the palatability of nutritional supplements and functional foods. The current market scenario for MPG is quite different from that of its precursor calcium salt which was largely used in dietary supplements.
Application Insights:
The other application segment includes food and beverages, animal feed, textiles and paper. The demand for magnesium palmitoyl glutamate in the personal care industry is expected to witness significant growth over the forecast period on account of its ability to enhance hair growth. It can be used as a substitute for palm oil in cosmetics due to its natural properties such as emollient texture that helps smoothen skin surface. Magnesium palmitoyl glutamate also helps reduce wrinkles caused by sun exposure or aging.
Cosmetic manufacturers are increasingly using this product owing to its antioxidant properties that help prevent damage caused by free radicals present in human skin cells which leads to wrinkles or lines on the face over time.
Regional Analysis:
North America was the second-largest regional market in 2017. The region is expected to witness a CAGR of XX% over the forecast period owing to increasing demand for magnesium palmitoyl glutamate from various application sectors, such as personal care, cosmetics and food additives. Rising consumer awareness regarding healthy skin and hair along with growing concerns about appearance are projected to drive product demand in North America during the forecast period.
Europe accounted for a major share of global industry revenue due to high product consumption as an additive in bakery products, confectionery goods.
Growth Factors:
- Increasing demand from end-use industries such as cosmetics, pharmaceuticals, and nutraceuticals
- Rising awareness about the benefits of magnesium palmitoyl glutamate among consumers
- Growing research and development activities for the use of magnesium palmitoyl glutamate in various applications
- Increasing number of manufacturers entering the market
- Technological advancements in production processes
Scope Of The Report
Report Attributes
Report Details
Report Title
Magnesium Palmitoyl Glutamate Market Research Report
By Type
Purity＜85%, Purity≥85%
By Application
Personal Care, Cosmetic Additive, Other
By Companies
BASF, Twinstarts, Xinkang Pharmaceutical, Guangzhou Tinci Materials Technology, TNJC
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
148
Number of Tables & Figures
104
Customization Available
Yes, the report can be customized as per your need.
Global Magnesium Palmitoyl Glutamate Market Report Segments:
The global Magnesium Palmitoyl Glutamate market is segmented on the basis of:
Types
Purity＜85%, Purity≥85%
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
Personal Care, Cosmetic Additive, Other
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:
- BASF
- Twinstarts
- Xinkang Pharmaceutical
- Guangzhou Tinci Materials Technology
- TNJC
Highlights of The Magnesium Palmitoyl Glutamate 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:
- Purity＜85%
- Purity≥85%
- By Application:
- Personal Care
- Cosmetic Additive
- Other
- 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 Palmitoyl Glutamate 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 palmitoyl glutamate is a derivative of the amino acid glutamic acid. It is a naturally occurring compound that has been shown to be effective in treating anxiety and depression.
Some of the key players operating in the magnesium palmitoyl glutamate market are BASF, Twinstarts, Xinkang Pharmaceutical, Guangzhou Tinci Materials Technology, TNJC.
The magnesium palmitoyl glutamate market is expected to grow at a compound annual growth rate of 5.5%.
Chapter 1 Executive Summary
Chapter 2 Assumptions and Acronyms Used
Chapter 3 Research Methodology
Chapter 4 Magnesium Palmitoyl Glutamate 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 Palmitoyl Glutamate Market Dynamics
4.2.1 Market Drivers
4.2.2 Market Restraints
4.2.3 Market Opportunity
4.3 Magnesium Palmitoyl Glutamate 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 Palmitoyl Glutamate 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 Palmitoyl Glutamate Market Size & Forecast, 2018-2028
4.5.1 Magnesium Palmitoyl Glutamate Market Size and Y-o-Y Growth
4.5.2 Magnesium Palmitoyl Glutamate Market Absolute $ Opportunity
Chapter 5 Global Magnesium Palmitoyl Glutamate 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 Magnesium Palmitoyl Glutamate Market Size Forecast by Type
5.2.1 Purity＜85%
5.2.2 Purity≥85%
5.3 Market Attractiveness Analysis by Type
Chapter 6 Global Magnesium Palmitoyl Glutamate 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 Magnesium Palmitoyl Glutamate Market Size Forecast by Applications
6.2.1 Personal Care
6.2.2 Cosmetic Additive
6.2.3 Other
6.3 Market Attractiveness Analysis by Applications
Chapter 7 Global Magnesium Palmitoyl Glutamate 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 Palmitoyl Glutamate 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 Magnesium Palmitoyl Glutamate Analysis and Forecast
9.1 Introduction
9.2 North America Magnesium Palmitoyl Glutamate 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 Magnesium Palmitoyl Glutamate Market Size Forecast by Type
9.6.1 Purity＜85%
9.6.2 Purity≥85%
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 Magnesium Palmitoyl Glutamate Market Size Forecast by Applications
9.10.1 Personal Care
9.10.2 Cosmetic Additive
9.10.3 Other
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 Magnesium Palmitoyl Glutamate Analysis and Forecast
10.1 Introduction
10.2 Europe Magnesium Palmitoyl Glutamate 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 Magnesium Palmitoyl Glutamate Market Size Forecast by Type
10.6.1 Purity＜85%
10.6.2 Purity≥85%
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 Magnesium Palmitoyl Glutamate Market Size Forecast by Applications
10.10.1 Personal Care
10.10.2 Cosmetic Additive
10.10.3 Other
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 Magnesium Palmitoyl Glutamate Analysis and Forecast
11.1 Introduction
11.2 Asia Pacific Magnesium Palmitoyl Glutamate 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 Magnesium Palmitoyl Glutamate Market Size Forecast by Type
11.6.1 Purity＜85%
11.6.2 Purity≥85%
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 Magnesium Palmitoyl Glutamate Market Size Forecast by Applications
11.10.1 Personal Care
11.10.2 Cosmetic Additive
11.10.3 Other
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 Magnesium Palmitoyl Glutamate Analysis and Forecast
12.1 Introduction
12.2 Latin America Magnesium Palmitoyl Glutamate 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 Magnesium Palmitoyl Glutamate Market Size Forecast by Type
12.6.1 Purity＜85%
12.6.2 Purity≥85%
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 Magnesium Palmitoyl Glutamate Market Size Forecast by Applications
12.10.1 Personal Care
12.10.2 Cosmetic Additive
12.10.3 Other
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) Magnesium Palmitoyl Glutamate Analysis and Forecast
13.1 Introduction
13.2 Middle East & Africa (MEA) Magnesium Palmitoyl Glutamate 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) Magnesium Palmitoyl Glutamate Market Size Forecast by Type
13.6.1 Purity＜85%
13.6.2 Purity≥85%
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) Magnesium Palmitoyl Glutamate Market Size Forecast by Applications
13.10.1 Personal Care
13.10.2 Cosmetic Additive
13.10.3 Other
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 Palmitoyl Glutamate Market: Competitive Dashboard
14.2 Global Magnesium Palmitoyl Glutamate Market: Market Share Analysis, 2019
14.3 Company Profiles (Details – Overview, Financials, Developments, Strategy)
14.3.1 BASF
14.3.2 Twinstarts
14.3.3 Xinkang Pharmaceutical
14.3.4 Guangzhou Tinci Materials Technology
14.3.5 TNJC
