Epsom Salt Market Growth Opportunities and Forecast 2024
According to Market Research Future (MRFR), the Global Epsom Salt Market is projected to reach a market size of USD 4.5 billion with a CAGR of 5.1% from 2019 to 2024 (forecast period).
Magnesium sulphate is an inorganic salt commonly referred to as Epsom salt. Epsom salt has a wide variety of uses in agriculture, personal care, home care, and food & beverage processing. It is extensively used in agriculture as a component of bath salt and is also used in beauty products. It is also used for livestock farming and for the manufacture of pharmaceutical products, which contribute to the development of the global Epsom Salt Market during the forecast period. Epsom salt has many medicinal benefits as it helps to strengthen the bones, boosts the nervous system, relieves tension, helps to get good sleep, exfoliates and cleanses the skin and clogged pores, help combat acne and prevents dandruff. Epsom salt is useful to alleviate constipation and even detoxifies the liver. Increased understanding of the benefits of Epsom salt among consumers worldwide is expected to accelerate the market in the near future.
Epsom salt is used as a fertilizer and healing mineral with a wide range of applications in agriculture, personal and home care products, food processing, livestock, medicine, marine, chemistry, and others, which are attributed to the growth of the global Epsom salt market. It is a cost-effective effort to eradicate acute and chronic health issues. Other factors, such as increasing awareness, innovation in the agriculture sector, and technological developments in production, are also driving the market.
However, factors such as lack of knowledge in rural areas, strict product approval rules, and ethical issues are inhibiting the growth of the market.
The global market for Epsom salt has been segmented based on form, application, and region.
Based on form, the global Epsom salt market has been classified as granules, powder, and crystal. Among these, the crystal segment is projected to have the largest market share.
Based on the application, the global Epsom salt market has been divided into food & beverages, agriculture, personal care, pharmaceuticals, and others. The personal care segment is expected to account for the maximum market proportion during the forecast period.
The global Epsom salt market has been segmented into four key regions—North America, Europe, the Asia Pacific, and the rest of the world.
The market in the Asia Pacific is projected to dominate the global market of Epsom salt during the forecast period. The growth of this market is mainly due to the high demand for Epsom salt from end-use industries like personal care, home care, pharmaceuticals, and agriculture. The increased use of Epsom salt in spa and salon is also predicted to fuel this market during the assessment period.
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The North American market is likely to have the highest CAGR in the global market of Epsom salt during the forecast period. Factors such as a growing number of health and beauty-conscious population, an increase in consumer awareness of the medicinal benefits of Epsom salt, and a significant rise in the personal care sector are expected to drive the demand for Epsom salt in this region. In addition, leading industry players such as San Francisco Salt Company, SaltWorks, Inc., and Baymag Inc. are offering varieties of Epsom salts that further drive this segment.
Some of the major participants in the global Epsom salt market include Dadakarides Salt SA (Greece), Kneipp GmbH (Germany), Giles Chemical (US), STENDERS (Latvia), L'Occitane International SA (Switzerland), Shiseido Company Limited (Japan), Unilever PLC (UK), Kao Corporation (Japan), Bathclin Corporation (Japan), Parfums De Coeur, Ltd (US), CVS Pharmacy (US), San Francisco Salt Company (US), SaltWorks, Inc. (US), Baymag Inc. (Canada), and K+ S Kali Gmbh (Germany)