Epsom Salt Market By Form, Application (Agriculture, Personal Care & Home Care, Food Additives & Pharmaceutical, Chemical & Industrial And Others) And By Region - Global Industry Analysis, Size, Share, Growth, Trends, And Forecasts (2016–2021)
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.
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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, and 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.
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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.
Reasons to access Global Epsom Salt Market Research Report:
- Global, regional and country-level analysis and forecasts of the study market; providing Insights on the major countries/regions in which this industry is blooming and to also identify the regions that are still untapped
- Segment-level analysis in terms by Form, Application and Region along with market size forecasts and estimations to detect key areas of industry growth in detail
- Identification of key drivers, restraints, opportunities and challenges (DROC) in the market and their impact on shifting market dynamics
- Study of the effect of exogenous and endogenous factors that affect the global market; which includes broadly demographic, economic and political, among other macro-environmental factors presented in an extensive PESTLE Analysis
- Study the micro environment factors that determine the overall profitability of an Industry, using Porter’s five forces analysis for analyzing the level of competition and business strategy development
- A comprehensive list of key market players along with their product portfolio, current strategic interests, key financial information, legal issues, SWOT analysis and analyst overview to study and sustain the market environment
- Competitive landscape analysis listing out the mergers, acquisitions, collaborations in the field along with new product launches, comparative financial studies and recent developments in the market by the major companies
- An executive summary, abridging the entire report in such a way that decision-making personnel can rapidly become acquainted with background information, concise analysis and main conclusions
- Expertly devised analyst overview along with Investment opportunities to provide both individuals and organizations a strong financial foothold in the market
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