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 salts 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 Epsom Salt Market Players and suppliers 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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