(Food-Beverage-News.Com, May 25, 2018 ) The Global Epsom Salt Market was worth USD 3.35 billion in 2016 and estimated to be growing at a CAGR of 4.53% to reach USD 4.19 billion by 2021. Epsom salt is a mineral compound containing magnesium and sulfate with a chemical name as Magnesium sulfate (MgSO4). In market, Epsom salt are widely used as bath salts which are used in various applications like agriculture, gardening, healthcare, cosmetics and others. Epsom salt is considered as organic fertilizer because it is applied to soil and plants as a foliar spray. It is used in agriculture and soilless culture for promoting of healthy plants, to offer plant nutrient and decrease magnesium deficiency in soil.
Epsom salt is also considered as healing minerals because magnesium helps in regulating enzyme activity, monitoring body functions ranging from muscle control to energy production and removal of harmful toxins. Sulfate plays a significant role in many biological processes such as formation of proteins in joints, detoxifying drugs & environmental contaminants, formation of brain tissue, and helps in cascading the digestive enzymes released from the pancreas.
Epsom salt is used as fertilizer and healing minerals with diverse applications in agriculture, personal care & home care products, livestock, food processing, medicine, chemistry, marine and others which attributes the growth of the Global Epsom salt market. It is a cost-effective measure to eradicate acute and chronic health problems. Other factors like growing awareness, innovations in agriculture sectors and technological advancements for its production are also driving the market. However, factors like lack of knowledge in rural areas, strict rules for the product approval and ethical issues are hindering the growth of the market.
Global Epsom salt market has been segmented on the basis of form, distribution channel and application. On the basis of form, the market is segmented into granules, powder, crystal and bath bombs. Crystal segment is expected to have largest share and the bath bombs is projected to have fastest growth throughout the forecast period. On the basis of application, Epsom salt market is segmented into agriculture, food additives & pharmaceutical, personal care & home care, Chemicals & industrial and others. Personal care & home care segment is projected to account maximum market proportion during the forecast period. On basis of distribution channel, Epsom salt market is segmented into store based, non-store based. Store based segment also can be sub segmented into drug stores & specialty pharmacies, health & wellness centre, supermarkets & hypermarkets, convenience stores and others. Non- Store based distribution channel is gaining momentum in the forecast period.
The Global Epsom salt market is segmented into North America, Europe, Asia Pacific, Latin America and Middle East and Africa. Asia-pacific has the largest market share in the global market followed by Europe due to rising disposable income and massive growth of personal care & home care industry and pharmaceutical industry. Increasing urbanization, Robust economic growth, explosion in the middle-class population are the significant factors of the growth of Epsom salt in Europe and North America.
Key players dominating the Epsom Salt Market are Bathclin, Parfums De Coeur, Ltd, CVS Pharmacy, San Francisco Salt Company, SaltWorks, Inc., Baymag Inc., and K+ S Kali Gmbh.
The scope of the report provides: The evaluation of the current market for your product or services and the future implications of the market Addresses the opportunities by better understanding the market through size estimates and growth rate analysis to forecast the market for the future Extensive segmentation to understand the dynamics of market at a very granular level by splitting down the market to the smallest segment Addresses the key market dynamics involving the drivers, restraints and challenges with an aim of providing insights for gaining market share The factors responsible for the shaping of the industry as it is as a result of competitive environment is analyzed through Porters Five Forces The effects of political, economic, social, technological, legal and environmental factors on the industry is analyzed through PESTLE analysis to better understand the aspects of strategic management required to comply with the exogenous and endogenous factors Strategic evaluation of the key players to gain insights of their performance allowing access to their product portfolio, financial performance and the strengths of their business strategic developments Comparative study of the firms across the industry measuring their performances based on market share and recent activities in order to achieve competitive intelligence Equip you with the information providing with the investment opportunities in the industry
Looking for more? If you are in need of a specific research study, we have an expertise in undertaking a customized study and will aid to meet your research requirement to the fullest.
About Us: Market Data Forecast is a firm working in the area of market research and business intelligence. With rich experience in research across various business domains, we cater to the needs of both individual and corporate clients. Our analyst team comprises expert professionals in market research, who with their collective knowledge and skillset dedicatedly serve clients from various industries and regions.
