(Entertainment-NewsWire.com, November 09, 2017 ) According to the report Epsom Salt Market, published by Market Data Forecast, the Global market is projected to reach USD 4.37 billion by 2022, at a CAGR of 4.53% from 2017 to 2022.
Epsom salt Industry is a natural exfoliant and anti-inflammatory remedy which is a chemical compound of magnesium and sulphate. Chemically, it is known as Magnesium sulphate. It consists of small colourless crystals used to treat muscle aches and sore muscles, dry skin, and even to fight various internal health issues. It has various benefits like boosts magnesium levels, eliminates toxins and reduces pain and inflammation in the body.
Epsom salt usage as fertilizer and healing minerals and its applications in agriculture, personal care & home care products, livestock, food processing, medicine, chemistry, marine and others are the primary factor driving the growth of the market. Also, growing awareness, increase in disposable income, innovations in agriculture sectors and technological advancements are also driving the market growth.
However, lack of knowledge in rural areas, stringent rules for the product approval and ethical issues are hampering the growth of the market.
In product forms, crystal segment is anticipated to have largest share and the bath bombs is projected to have fastest growth throughout the forecast period. In application segment, personal care & home care segment is projected to account maximum market proportion during the forecast period. In the distribution channel, non- Store based distribution channel is gaining momentum in the forecast period.
In 2017, Asia-pacific is dominating the global market share followed due to rising disposable income, massive growth of personal care & home care industry and pharmaceutical industry and presence of emerging economies like China and India. It is followed by the Europe and North America due to the increasing urbanization, robust economic growth and explosion in the middle-class population.
Epsom Salt Market: Key Players
Key players dominating the Epsom Salt Market are Bathclin, Parfums De Coeur, Ltd, CVS Pharmacy, San Francisco Salt Company, SaltWorks, Inc., Baymag Inc., and K+ S Kali Gmbh.
About Market Data Forecast:
Market Data Forecast is a firm working in the area of market research and business intelligence. With rich experience in research across various business domains, they cater to the needs of both individual and corporate clients. From all-encompassing umbrella markets to extremely specific niche markets covering all the major regions across the globe as part of the research scope, their research services offer one of a kind specialities with competitive pricing options.