(MENAFN- America News Hour) Epsom salt is hepta-hydrate sulphate mineral epsomite (MgSO4•7H2O). Epsom salt is a mineral compound of magnesium and sulphate. Epsom salt composes of tiny and colorless crystals enriched with essential oils & fragrance. Epsom salts is best recognized as an element of bath salts and offers wide range of applications such as gardening, agriculture process, healthcare, home remedies, cosmetics and others. Epsom salt is a natural exfoliant and anti-inflammatory remedy that can be used to treat muscle aches and sore muscles, dry skin, and even to fight various internal health issues.
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.
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Epsom salt is regarded as organic fertilizer which is added to the soil or applied to the plants as a foliar spray.
Epsom salt is used as a fertilizer in diverse set of applications including agriculture fields, livestock breeding, forestry and soilless culture with its major use in rubber tree, oil palm, tobacco plant, orange and tangerine plant & grasslands. It promotes the healthier growth of plants; relieve magnesium deficiency in soil found during intensive cropping and offer plant nutrient solutions. Also, with growing interest of consumers in management of gardens and maintaining landscapes sustainably, the demand of Epsom salt has surged.
Apart from its use in agriculture and turf management, Epsom salt finds its use in health care, personal care and home care industries. North American epsom salt Market, by form, crystal form segment is estimated to account maximum market proportion of over 31% by the end of 2017. Crystal form segment is projected to reach USD 363.39 million by the end of 2027. The bath bomb is projected to register a substantial growth rate of 4.89%.
North American epsom salt market, by application which includes agriculture, food additives & pharmaceutical, personal care & home care, chemical & industrial, others (R & D). Personal care & home care will dominate this market, which is projected to reach USD 321.34 million and will grow at a CAGR of 4.47% by 2027. Food additives & pharmaceutical segment is estimated to grow at a highest CAGR of 4.68%, and value will reach USD 295.30 million during the forecast period.
North American epsom salt market, by distribution channel which includes store based- drug stores & specialty pharmacies, health & wellness center, super markets & hyper markets, convenience stores, others and non-store based. Store based is dominating in this segment and is expected to grow at a CAGR of 4.04% and value will reach USD 692.88 million during the forecast period. Also, non-store based distribution channel is experiencing a high growth at a CAGR of approximately 4.86% during the forecast period.
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Key Players
The leading market players in the North American epsom salt market primarily are K+S KALI GMBH (Germany), Baymag Inc. (Canada), Bathclin (Japan), PDC Brands (U.S.), CVS Pharmacy (U.S.), San Francisco Salt Company (U.S.), Morton Salt Company, Saltworks, Inc.
Study Objectives of epsom salt Market Forecast to 2027
• Detailed analysis for individual micro and macro markets for epsom salt
• To estimate market size by Form, Application, Distribution Channel and Country
• To understand the supply and demand dynamics of epsom salt
• To provide country level market analysis and future outlook for the U.S., Canada and Mexico
• Company profiling of major players & competitive positioning for the epsom salt market
• Value chain analysis and supply chain analysis of epsom salt
• Analysis of historical market trends, and technologies, and current government regulatory requirements related to epsom salt market
Target Audience
• Epsom salt manufacturers
• Food service industries
• Raw material suppliers
• Retailers and wholesalers
• Traders, importers and exporters
Key Findings
• The demand of the epsom salt is projected to expand at a high pace in food additives & pharmaceutical industry. Also, epsom salt is showing a high growth rate in the use of personal care & home care products. Furthermore, epsom salt market has very strong hold on North American region.
Country Analysis of epsom salt market development and demand forecast to 2027 Market
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As per the MRFR analysis, the North American market for epsom salt has witnessed continued demand during the last few years and is projected to reach USD 1160.79 million by 2027, at a CAGR of 4.37% during the forecasted period. The U.S. is estimated to dominate the North America epsom salt market holding a lion's share of more than 70% and projected to reach USD 801.52 million. Canada will witness the highest growth rate of 5.02% in the North American epsom salt market whereas mexico will witness moderate growth rate.
How does the report examine the growth drivers and restraints of the North America Epsom Salt Market?
- The factors resulting in the expansion of the North America Epsom Salt Market are elaborated in the report after thorough primary and secondary research.
- Analytical strategies focused on gain indicators affecting the growth of the North America Epsom Salt Market are presented in graphical formats.
- The business-related trends driving the product consumption are discussed in detail in the report along with industry expertise to minimize the barriers to North America Epsom Salt Market growth.
What is the key information extracted from the report?
- Extensive information on factors estimated to affect the North America Epsom Salt Market growth and North America Epsom Salt Market share during the forecast period is presented in the report.
- The report offers the present scenario and future growth prospects of North America Epsom Salt Market in various geographical regions.
- The competitive landscape analysis on the North America Epsom Salt Market as well as the qualitative and quantitative information is delivered.
- The SWOT analysis is conducted along with Porter's Five Force analysis.
- The in-depth analysis provides an insight into the North America Epsom Salt Market, underlining the growth rate and opportunities offered in the business.
The reports also cover country level analysis:
• North America
o U.S.
o Canada
o Mexico
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