U.S. Magnesium Stearate Market Worth $288.31 Million By 2030

U.S. Magnesium Stearate Market Growth & Trends

The U.S magnesium stearate market size is estimated to reach USD 288.31 million by 2030 according to a new report by Grand View Research, Inc. The market is projected to register a CAGR of 4.0% from 2022 to 2030. Growth can be attributed to the increasing demand for the product as a lubricant in pharmaceutical tableting. Also, the rising preference for convenience food and hectic work & life schedules across the country are driving the demand for packaged food. This is predicted to fuel the growth food & beverage industry thereby leading to increased demand for magnesium stearate in the near future.

Magnesium stearate plays a vital role as a lubricant in the manufacturing of pharmaceuticals and nutraceuticals in solid dosage forms. It is a widely used water-insoluble lubricant to reduce friction between manufacturing equipment and organic solids in various pharmaceutical manufacturing processes namely roller compaction, blending, capsule filling, and tablet manufacturing.

The masses in the U.S. are opting for dietary supplements based on the recommendations from health professionals. As the part of the population in the U.S. that is considered baby boomers has aged, manufacturers of dietary supplements are shifting their focus toward offering products to other age groups.

Increasing demand for magnesium stearate from the pharmaceutical sector to manufacture tablets has led to increased competition in the market. To sustain in the competitive environment, manufacturers are engaged in adopting several strategic initiatives including introducing new products and broadening geographical reach.

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U.S. Magnesium Stearate Market Report Highlights

• In 2021, pharmaceuticals emerged as the dominant application segment by contributing around 40% of revenue share. This is attributed to the increasing demand for solid dosage forms including capsules and tablets

• The nutraceuticals application segment is anticipated to grow at a CAGR of 3.8% in terms of revenue by 2030, owing to the growing demand for dietary supplements due to the rising consumer inclination towards preventive health care

• The powder form of nutraceuticals was the dominating sub-segment accounting for a revenue share of more than 70% in 2021 due to its high efficacy in improving the flowability of blends and reducing interparticle friction

• The granular form of pharmaceuticals is projected to grow at a CAGR of 4.0% over the predicted years owing to its free-flowing properties

U.S. Magnesium Stearate Market Segmentation

Grand View Research has segmented the U.S. magnesium stearate market based on application by form:

U.S. Magnesium Stearate Application By Form Outlook (Volume, Tons, Revenue, USD Thousand, 2018 - 2030)

• Pharmaceutical

  • Powder

  • Granular

  • Flakes

• Nutraceutical

  • Powder

  • Granular

  • Flakes

• Others

List of Key Players of the U.S. Magnesium Stearate Market

• Mallinckrodt Pharmaceuticals

• PMC Biogenix, Inc.

• Barentz

• DPL-US

• Acme Hardesty

• Valtris Specialty Chemicals

• AIE Pharmaceuticals, Inc.

• Norac Additives LLC

• Faci S.p.A

• James M. Brown Ltd.

• Parchem Fine & Specialty Chemicals