Epsom Salt Market Research Development Status, Competition Analysis, Type and Application
Epsom Salt Market Overview:
As per the industry market trends and forecast, the global
Epsom salt market is projected to reach a final market valuation worth 6.879396057
billion by 2032. Epsom salts can be applied to the skin by making a paste, and
they can also be consumed by diluting in water. Epsom salts act as a laxative
to relieve constipation and detox the liver. The benefits of Epsom salts as
external medicine include stress relief and sound sleep, increasing energy and
strengthening bones, improving the nervous system and cardiovascular health,
exfoliates, and cleansing the skin. Clogged pores help combat acne, help oily
hair, and help remove dandruff.
Epsom Salt Market Size was valued at USD 4.3 billion in
2022. The Epsom Salt market industry is projected to grow from USD4.53048
billion in 2023 to USD 6.879396057 billion by 2032, exhibiting a compound
annual growth rate (CAGR) of 5.36% during the forecast period (2023 - 2032)
The arrival of the COVID-19 pandemic has had a positive
impact on the demand for bath salt. There is an increase in demand for bath
salt as people are going through high-stress levels & bath salts help
reduce the stress level. It is also used to treat skin diseases such as
treatment of toe fungus & help eliminate food odors. Wrecking in the supply
chain hampered the demand for bath salt. E-commerce has played a vital role in
lifting the supply chain again as many small-scale retailers and traders have
started merging themself with online shopping platforms to boost their sales.
Due to the spread of coronavirus disease, people avoid visiting stores,
resulting in the growth of E-commerce platforms.
Bathing in Epsom
Salt Market Research has shown an increase in the body's
magnesium level, which helps us regulate many enzymes and bodily functions such
as energy production, muscle and nerve function, reduction of inflammation,
elimination of toxins, and maintenance of heart and circulatory health. Bound
to these factors, it is expected that the demand for Epsom salts will be high
shortly.
Market Segmentations:
The Epsom salt market has been segmented based on the
following:
Based on application, the global market has been segmented
as-
● Medicinal
● Cosmetics
● Cleanser
● Household
● Gardening
Based on packaging, the market has been segmented as-
● Plastic Bags
● Paper Boxes
● Pouches
● PET Bottles
● Glass Bottles
Based on grade, the global market has been segmented as-
● FCC Grade
● Pharmaceutical Grade
● Technical Grade
Based on distribution channel, the market has been segmented
as-
● Store-Based Retailing
● Hypermarkets/Supermarkets
● Pharmaceutical and Drug Stores
● Specialty Stores
● Online Retailing
Regional Analysis:
The Epsom salt market is segmented into North America,
Europe, Asia Pacific, and the Middle East & Africa based on the region.
North America accounted for the largest share of the global market in 2018,
with a maximum of 40% volume of demand. The US was one major contributor to
this regional dominance as it has been heavily investing in advanced production
equipment for manufacturing salts like Epsom salt.
Key Players:
Some of the global key manufacturers and suppliers of Epsom
Salt Market Report are as follows:
● Saltworks, Inc.
● SAN FRANCISCO SALT COMPANY
● Essential
● K+S KALI GmbH
● Nutritional Supplement Manufacturers, Inc.
Industry News:
● Most of the big companies are providing only FCC-grade
Epsom salts. Hence, there is a huge opportunity for small and new players in
this market to grow their business by providing the pharmaceutical and
technical grades. As the demand for the technical grade of Epsom salts in
agriculture and gardening is growing due to its benefits, such as it makes
grass greener and bigger, better, and more productive crops have shown by using
Epsom salts.
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