Epsom Salt Market Research Report Predicts Impressive Growth by 2024

Epsom Salt Market Research Report Predicts Impressive Growth by 2024

Epsom Salt Market research report offers a complete breakdown of 2018 Industry through exhaustive information on industry-authenticated market data, facts, statistics, and insights. The report scrutinizes the market by an exhaustive analysis on Epsom Salt market dynamics, current trends, issues, challenges, competition analysis, and companies involved.

Epsom Salt Market Report Description:

The surge in Epsom salt Market sales globally is attributed to the functional diversity across various application spectrum such as agriculture, personal care & home care products, food processing, medicine and others. A diverse set of applications of Epsom salt clearly reflect the buying behavior of consumers across the globe, who are buying Epsom salt in large quantities. In agriculture, Epsom salt is effective in increasing seed germination, enhancing uptake of other nutrients, and enhancing growth and overall health of crops.

Magnesium and sulphate are two major component of Epsom salt and considered as healing minerals. Magnesium helps in regulating the enzyme activity and performs a significant role in orchestrating many bodily functions ranging from muscle control and electrical impulses to energy production and the removal of harmful toxins. However, sulphate plays a vital role in biological processes such as formation of proteins in joints, formation of brain tissue, detoxifying drugs & environmental contaminants, and helps in cascading the digestive enzymes released from the pancreas. Use of Epsom salt is considered as cost-effective measures to mitigate the risk of acute and chronic health problems.

Epsom Market Major Manufacturers:

The leading market players in the Epsom Salt Market primarily are Bathclin (Japan), Parfums De Coeur, Ltd (U.S.), CVS Pharmacy (U.S.), San Francisco Salt Company (U.S.), SaltWorks, Inc.(U.S.), , Baymag Inc. (Canada), K+ S Kali Gmbh (Germany)

Epsom Industry Regional Analysis:

The Global Epsom salt market is segmented into North America, Europe, Asia Pacific and Rest of the World. Among these, Asia Pacific region is projected to retain its dominance throughout the forecast period of 2017-2027. Asia Pacific region is estimated to reach USD 1,618.65 Mn by the end of the forecast period. This is attributed by the massive growth of personal care & home care industry and pharmaceutical industry. In addition, the agricultural sector is witnessing an impressive growth in the developing nations of Asia Pacific which in turn intensifies the overall demand of the Epsom salt in the upcoming decade. Robust economic growth, rising urbanization, explosion of in the middle-class population are the significant factors of the growth of Epsom salt in Europe region. Europe region is projected to grow at a substantial growth of 4.23% during the forecast period of 2017-2027.

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Epsom Salt Industry Segmentation:

Epsom salt market has been segmented on the basis of form such as granules, powder, crystal and bath bombs. Crystal segment is anticipated to retain its dominance throughout the forecast period. However, bath bomb segment is projected to register a higher growth of 5.07% during the review period. Based on application, Epsom salt market is segmented into agriculture, food additives & pharmaceutical, personal care & home care, Chemicals & industrial and others (R&D). 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 center, supermarkets & hypermarkets, convenience stores and others. Non-Store based distribution channel is gaining momentum during the review period by registering a CAGR of 4.99%.