Magnesium Citrate Market Forecast to surpass USD 114.9 million by 2034
Global Magnesium Citrate Market Shows Steady Growth
The global Magnesium Citrate market, valued at approximately USD 320 million in 2024, is projected to grow to around USD 500 million by 2033, reflecting a compound annual growth rate (CAGR) of 5.5% from 2026 to 2033. This moderate growth indicates steady demand and expansion in related sectors such as pharmaceuticals and dietary supplements, where magnesium citrate is widely used for its bioavailability as a magnesium source.
The increasing awareness about magnesium deficiency and rising consumption of dietary supplements is supporting growth in the market. The pharmaceutical industry utilizes magnesium citrate extensively as a laxative and magnesium supplement, contributing to steady demand. The growth in chronic lifestyle diseases that benefit from magnesium supplementation also drives market expansion.
While the exact regional segmentation for magnesium citrate is less detailed in the current data, the pharmaceutical and supplement demand trends suggest key markets include North America, Europe, and Asia-Pacific, aligning with broader health supplement consumption patterns and healthcare infrastructure. These regions are also prominent for magnesium-related products, as seen in the magnesium carbonate market, where North America, Europe, and Asia-Pacific (notably India, China, South Korea) are key players.
Anhydrous Magnesium Citrate held a dominant market position, capturing more than a 67.1% share of the total magnesium citrate market in 2024. Notable companies like Jungbunzlauer, Gadot Biochemical, Adani Pharmachem, and Global Calcium PVT LTD have expanded their magnesium citrate portfolios to meet this demand, improving manufacturing efficiency and expanding distribution networks.
Innovation in the market is also evident, with Dr. Paul Lohmann developing a novel magnesium citrate powder for effervescent tablets and liquid supplements. This development underscores the industry's focus on providing high-quality, easily-absorbed magnesium solutions to meet consumer needs.
Businesses can thrive by leveraging digital platforms, innovation, and regulatory compliance in the magnesium citrate market. The market's strong performance in 2024 was led by anhydrous forms, powder formulations, and pharmaceutical applications. In 2024, over 180 global public health programs incorporated magnesium citrate into nutrition protocols, further highlighting its importance in the global health landscape.
In comparison to Magnesium Carbonate, which is much larger (projected to reach USD 17.1 billion by 2035 with a CAGR of 6.5% from 2025 to 2035), magnesium citrate’s market is smaller but steadily growing due to its specific applications in nutrition and pharmaceuticals. The CAGR of 5.5% for magnesium citrate is slightly lower than magnesium carbonate's 6.5%, reflecting differing market dynamics and industrial uses.
| Aspect | Magnesium Citrate | Magnesium Carbonate | |------------------------|--------------------------------------|-------------------------------------------| | Market Size (2024/2025)| USD 320 million (2024) | USD 9.11 billion (2025) | | Projected Market Size | USD 500 million (2033) | USD 17.1 billion (2035) | | CAGR | 5.5% (2026-2033) | 6.5% (2025-2035) | | Key Regions | North America, Europe, Asia-Pacific* | North America, Europe, Asia-Pacific (India, China, South Korea)| | Key Applications | Pharmaceuticals, supplements | Pharmaceuticals, construction, personal care|
*Inferred from general supplement consumption trends and comparison with related magnesium products.
The magnesium citrate market shows steady growth fueled by health and wellness trends, particularly in developed and emerging economies. Continued demand for magnesium supplements, coupled with increasing health awareness, supports this trajectory.
- The growing interest in personal-finance and health and wellness trends are driving the expansion of the business sector, particularly in the finance industry, as investments flow into the global Magnesium Citrate market.
- The technology sector plays a significant role in the growth of the magnesium citrate market, as companies leverage data-and-cloud-computing to improve manufacturing efficiency and expand distribution networks.
- The healthcare industry, specifically pharmaceuticals and dietary supplements, are seeing increased revenue due to the steady growth in the magnesium citrate market, as technology advances provide better options for magnesium supplementation.
