Market Significance
Market Research Future (MRFR) predicted that the usefulness of Epsom salt can favor the global Epsom salt market growth. MRFR published the global Epsom salt market analysis report stating that the market can expand with a CAGR of 4.53% during the forecast period (2017-2027). Multiple utilities of Epsom salt is expected to wind in a revenue of USD 5.04 Bn by 2027, for its global market.
Key Players
MRFR listed some of the important companies which are operating in the global Epsom salt market. They are; K+ S Kali Gmbh (Germany), Bathclin (Japan), Baymag Inc. (Canada), Parfums De Coeur, Ltd (U.S.), San Francisco Salt Company (U.S.), SaltWorks, Inc. (U.S.), and CVS Pharmacy (U.S.).
Market Insights
The growing usefulness of Epsom salt as a personal care product is expected to foster the global Epsom salt market growth. Relaxation is crucial for coping up with the fast-paced life. Our bodies are producing increased amount of toxins due to the adulterated food we consume and the deteriorating environmental condition around us. Epsom salt, chemically identified as magnesium sulphate, helps in the detoxification of our body and release stress, which induce relaxation. Additionally, Epsom salt is used to smoothen feet. Epsom salt also exhibits medicinal benefits as Epsom salt bath is often effective in soothing muscle soreness. Epsom salt solution is also applied tropically for exfoliation of dead skin. Other remedial applications of Epsom salt are; removal of splinter, blackhead treatment, and analgesic effect on bug bite and poison ivy pain. Hence, Epsom salt is popularizing as a personal, home care product among people, which can drive up the Epsom salt market growth.
The growth of Epsom Salt market is anticipated to spur as Epsom salt as it is beneficial in agricultural practices. Epsom salt is used as a fertilizer for plants as it fosters growth in plants. For plants which are yellowing due to magnesium deficiency, can be cured with Epsom salt. This is frequently exercised by gardeners or owner of home plants. Epsom salt helps make plants roses, hibiscus, and blueberry for a healthier growth.
Segmental Outline
The global Epsom salt market study has been segmented based on type, crop type, application, and active ingredients.
Based on the type, the Epsom salt market has been segmented into granules, crystal, powder, and bath bombs.
The crystal segment is likely to reserve its dominance over the forecast period as the production of crystal Epsom salt is easy and can be packed readily. On the other hand, the bath bomb segment is likely to proliferate registering a higher growth rate of 5.07% over the review period.
Based on the application, the Epsom salt market has been segmented into agriculture, research and development, food additives and pharmaceutical, chemicals and industrial, personal care and home care, and others. Due to extensive use of the Epsom salt as a home remedy for personal care, the personal care and home care segment accounted for a substantial growth over the review period.
Based on the distribution channel, the Epsom salt market has been segmented into store based and non-store based. The store based segment has been classified into convenience stores, drug stores and specialty pharmacies, supermarkets and hypermarkets, health and wellness center, and others. The non-store based segment is to garner a 4.99% CAGR by 2027.
Regional Analysis
Regionally, the global Epsom salt market has been studied across North America, Asia Pacific, Europe, and Rest of the World (RoW).
Asia Pacific is expected to retain its dominance in the global Epsom salt market in the review period. MRFR asserts that by 2027, the Asia Pacific regional market can be valued USD 1,618.65 million due to the extensive adoption of Epsom salt for as personal care and home care product. The hike in sales of Epsom salt is bolstered by its application in agricultural practices. Several pharmaceutical companies in Asia Pacific, attending the production of Epsom salt is expected to deliver the escalating demand for Epsom salt. Hence, APAC Epsom salt market is predicted to roll with an impressive CAGR over the review period. The European Epsom salt market is forecasted to capitalize with 4.23% growth rate between 2017 and 2027.
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