Magnesium Phosphate Market Size & Share 2018 - 2024
Market Size by Product (Monomagnesium Phosphate {by End Use [Food & Beverages (Bakery, Nutritional Supplements), Pharmaceuticals (Dental Care, Active Ingredients), Animal Feed, Fertilizers]}, Di-Magnesium Phosphate {by End Use [Food & Beverages (Bakery, Nutritional Supplements, Dairy), Pharmaceuticals (Active Ingredients), Drinking Water Treatment, Animal Feed, Fertilizers]}, Trimagnesium Phosphate {by End Use [Food & Beverages (Bakery, Nutritional Supplements, Dairy), Pharmaceuticals (Dental Care, Active Ingredients), Animal Feed, Fertilizers]}), Regional Outlook, Growth Potential, Price Trend, & Forecast.
Report ID: GMI2707
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Published Date: July 2018
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Report Format: PDF
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Authors:
Kiran Pulidindi, Kunal Ahuja
Magnesium Phosphate Market Size
Global Magnesium Phosphate Market size was valued at over USD 1 billion in 2017 and is anticipated to grow at over 4% in the forecast timespan.
Strong outlook in pharmaceuticals, fertilizers, food & beverages and feed application will propel the magnesium phosphate market growth. Advancement in biomedical sector to treat skeletal disorders including arthrodesis and osteoporosis has enhanced the product utilization in healthcare industry. Potential applications as bone graft substitute due to its efficient mechanical properties, biodegradability and biocompatibility will propel demand. In addition, increasing product usage in nanoparticle form as drug delivery vehicles and composite scaffolds production will drive the product demand.
Increasing government focus on healthy lifestyle and food safety awareness along with standardized dietary reference intakes for magnesium phosphate and other nutrients, developed by FNB will support the product scope. Rising product demand for glycolysis, oxidative phosphorylation, energy production, DNA synthesis and bone structural development will drive industry demand.
Potential applications as pharmaceutical active ingredients will drive the industry growth. Magnesium as well as phosphate are active ingredients for energy production and help in fuelling body’s cellular processes including nerve conduction and muscle functions.
Strong outlook in feed applications to enhance the livestock health will propel the magnesium phosphate demand. According to NRC (National Research Council), minimum product intake for dairy cow should be 0.2% of dry matter. Shifting preference for mineral rich feed products to enhance milk production, immunity and prevent hymagnesaemia in ruminants will fuel the industry growth.
Inclination towards farm yield enhancement to increase crop cultivation among farmers has stimulated the fertilizers demand. High application scope in bakery industry as leavening agent has enhanced the product demand. Enhancing moistness in baked products and imparting uniform cell structure are among key properties driving the magnesium phosphate market size.
Raw material insufficiency along with increasing product demand are among major factors influencing the magnesium phosphate price trend. Uneven geographical distribution for phosphoric rock reserves influencing production rates may hinder the industry growth. Moreover, substitute developments through material science advancement may hamper product demand.
Magnesium Phosphate Market Analysis
Dimagnesium phosphate market registered over 245 kilo tons demand in 2017 due to its wide usage in bakery applications as leavening agent to improve dough rise and fluffiness. In addition, increasing product usage in stabilizing meat products by retaining water content will propel the industry growth. The product is also used in combination with salts for binding meat pieces in a reformed product. Moreover, the product is also used in cheese preparations to improve pH balance and enhance spreadability.
Trimagnesium phosphate will witness growth at around 3.5% up to 2024. Rising product demand as nutrient and dietary supplements will propel the product demand. Improving blood sugar to energy conversions coupled with regulating neuromuscular heart activity are among key properties driving the product scope in nutrient supplement applications.
Fertilizers will witness a notable growth up to 2024. Necessity for mineral enrichment and maintaining the phosphorus content in soil has enhanced the product demand in fertilizer applications. Enhancing starch & sugar utilization, improving cell division, photosynthesis and nucleus formation for plant growth will stimulate the industry growth.
Food & beverage application accounted for significant market share in 2017. Strong outlook as acidity regulator, leavening agents, anticaking agents and other food additives will propel the magnesium phosphate market size from food & beverage applications. Significant health benefits including enzyme activity regulation, enhanced energy production and maintaining mineral balance will drive the industry growth. Reduced chances of hypertension, diabetes and heart diseases will further provide a positive outlook for product demand.
Asia Pacific magnesium phosphate market is anticipated to worth over USD 700 million by 2024. Favourable socio-economic conditions particularly in China and India has enhanced the overall food and fertilizer grade product exports in recent years. As per Mosaic estimates, Indian phosphate shipments reached around 9.4 million tons in 2017. Increasing government focus on farmer training to improve plant growth, yield and crop nutrition will support the business growth.
North America magnesium phosphate market will witness growth at over 3% up to 2024 owing to notable product usage particularly in biomedical applications. As per CDC estimates, the U.S. arthritis incidences will reach 78.4 million by 2040. Increasing consumer spending in dental care and orthopaedics due to large geriatric population in the region will support industry growth. Implant coating, bone scaffolds and bone cement are among major applications in healthcare industry. Moreover, increasing R&D investments to develop nutrition rich products will drive the industry demand.
Magnesium Phosphate Market Share
Magnesium phosphate market share mainly include:
The global industry share is highly fragmented with presence of both well-established and regional players. Other notable players.
Strategic R&D investments, mergers & acquisitions and supply agreements to gain a larger market share are among major strategies observed among the manufacturers. In 2017, Innophos acquired Nutra Genesis, a U.S. based nutraceutical company worth USD 28 million to strengthen its position in nutraceutical markets.
Industry Background
Technology advancement in pharmaceutical and agricultural industry will propel the global phosphoric acid demand. Rising product usage as a DNA carrier will enhance the industry expansion. Moreover, high application scope in fused fertilizers & water treatment applications will propel the industry growth. Increasing phosphoric acid demand to provide mild acidic flavour particularly in soft drinks will enhance the product demand in food & beverage applications.
Growing nutritional & dietary product demand particularly in developed regions are expected to have a positive outlook for business growth. Increasing geriatric population globally will propel the industry demand. Rising product adoption in preventing kidney stone will enhance the product demand. The efficient product usage to reduce corrosion susceptibility in metals will propel the industry growth.
Research methodology, data sources & validation process
This report draws on a structured research process built around direct industry conversations, proprietary modelling, and rigorous cross-validation and not just desk research.
Our 6-step research process
1. Research design & analyst oversight
At GMI, our research methodology is built on a foundation of human expertise, rigorous validation, and complete transparency. Every insight, trend analysis, and forecast in our reports is developed by experienced analysts who understand the nuances of your market.
Our approach integrates extensive primary research through direct engagement with industry participants and experts, complemented by comprehensive secondary research from verified global sources. We apply quantified impact analysis to deliver dependable forecasts, while maintaining complete traceability from original data sources to final insights.
2. Primary research
Primary research forms the backbone of our methodology, contributing nearly 80% to overall insights. It involves direct engagement with industry participants to ensure accuracy and depth in analysis. Our structured interview program covers regional and global markets, with inputs from C-suite executives, directors, and subject matter experts. These interactions provide strategic, operational, and technical perspectives, enabling well-rounded insights and reliable market forecasts.
3. Data mining & market analysis
Data mining is a key part of our research process, contributing nearly 20% to the overall methodology. It involves analysing market structure, identifying industry trends, and assessing macroeconomic factors through revenue share analysis of major players. Relevant data is collected from both paid and unpaid sources to build a reliable database. This information is then integrated to support primary research and market sizing, with validation from key stakeholders such as distributors, manufacturers, and associations.
4. Market sizing
Our market sizing is built on a bottom-up approach, starting with company revenue data gathered directly through primary interviews, alongside production volume figures from manufacturers and installation or deployment statistics. These inputs are then pieced together across regional markets to arrive at a global estimate that stays grounded in actual industry activity.
5. Forecast model & key assumptions
Every forecast includes explicit documentation of:
✓ Key growth drivers and their assumed impact
✓ Restraining factors and mitigation scenarios
✓ Regulatory assumptions and policy change risk
✓ Technology adoption curve parameter
✓ Macroeconomic assumptions (GDP growth, inflation, currency)
✓ Competitive dynamics and market entry/exit expectations
6. Validation & quality assurance
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Our triple-layer validation process ensures maximum data reliability:
✓ Statistical Validation
✓ Expert Validation
✓ Market Reality Check
Trust & credibility
Verified data sources
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GMI archive
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Trade data
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Parameters studied & evaluated
Every data point in this report is validated through primary interviews, true bottom-up modelling, and rigorous cross-checks. Read about our research process →