The North America Magnesium Phosphate Market would witness market growth of 3.5% CAGR during the forecast period (2024-2031). In the year 2020, the North America market's volume surged to 16,706.05 tonnes, showcasing a growth of 12.1% (2020-2023).
Dimagnesium phosphate is a crucial component within the magnesium phosphate market, finding extensive application across various industries. In the food and beverage sector, it serves as a food additive, primarily employed as a buffering agent and nutrient supplement. Its ability to regulate acidity and provide essential magnesium and phosphorus makes it a valuable ingredient in food products such as baked goods, dairy products, and beverages. Thus, US market utilized 7,421.94 tonnes of Dimagnesium phosphate in the year 2023.
The US market dominated the North America Magnesium Phosphate Market by Country in 2023, and would continue to be a dominant market till 2031; thereby, achieving a market value of $307.1 Million by 2031. The Mexico market is experiencing a CAGR of 3.9% during (2024 - 2031). Additionally, The Canada market would witness a CAGR of 3.8% during (2024 - 2031).
The applications of magnesium phosphate compounds are diverse and encompass various industries, each benefiting from the unique properties and characteristics of these materials. For example, magnesium phosphate compounds are extensively used as fertilizers in agriculture to enhance soil fertility and improve crop yield. These fertilizers provide essential nutrients such as phosphorus and magnesium, crucial for plant growth and development. Magnesium phosphate fertilizers are particularly beneficial for crops with high phosphorus requirements, including cereals, legumes, fruits, and vegetables. By supplying nutrients in an accessible form, magnesium phosphate fertilizers help optimize nutrient uptake by plants, leading to healthier growth, increased productivity, and improved crop quality.
Furthermore, in the healthcare sector, magnesium phosphate compounds find applications in pharmaceuticals, dietary supplements, and medical devices. Magnesium, an essential mineral, plays a vital role in numerous physiological processes, including muscle contraction, nerve transmission, and bone metabolism. Magnesium phosphate-based supplements and medications are prescribed to individuals with magnesium deficiencies, osteoporosis, cardiovascular diseases, and other health conditions. Moreover, magnesium phosphate compounds are utilized in orthopedic and dental applications for their bone-regenerative properties, contributing to advancements in bone graft materials, dental implants, and tissue engineering.
As the food processing industry in Mexico expands, there is a corresponding increase in demand for food additives, including phosphorus-based compounds such as magnesium phosphates. These additives serve various functions in food processing, including pH regulation, buffering, leavening, emulsification, and mineral fortification. Magnesium phosphate compounds are commonly used in processed foods, baked goods, dairy products, beverages, and dietary supplements, driving demand for phosphorus-based ingredients in the Mexican food industry.
The food processing industry in Mexico experienced robust growth, averaging a yearly rate of 4.3 percent. In 2020, its projected contribution to Mexico's GDP amounted to $39.4 billion, making it one of the most dynamic sectors in the country according to the United States Department of Agriculture. Therefore, the expansion of the food and beverage industry and rising fertilizer production in the region are driving the market’s growth.
Free Valuable Insights: The Magnesium Phosphate Market is Predict to reach USD 2 Billion by 2031, at a CAGR of 4%
Based on Form, the market is segmented into Dimagnesium Phosphate, Monomagnesium Phosphate, and Trimagnesium Phosphate. Based on Application, the market is segmented into Fertilizer, Animal Feed, Detergent, Food, and Others. Based on countries, the market is segmented into U.S., Mexico, Canada, and Rest of North America.
List of Key Companies Profiled
- Celtic Chemicals Ltd.
- Jost Chemical Co.
- Anmol Chemicals Private Limited
- American Elements
- Innophos Holdings, Inc. (One Rock Capital Partners, LLC)
- Triveni Interchem Pvt Ltd.
- Refractory Minerals Co., Inc.
- The Mosaic Company
- Nikunj Chemicals
- Kronox Lab Sciences Ltd.
North America Magnesium Phosphate Market Report Segmentation
By Form (Volume, Tonnes, USD Billion, 2020-2031)
- Dimagnesium Phosphate
- Monomagnesium Phosphate
- Trimagnesium Phosphate
By Application (Volume, Tonnes, USD Billion, 2020-2031)
- Fertilizer
- Animal Feed
- Detergent
- Food
- Others
By Country (Volume, Tonnes, USD Billion, 2020-2031)
- US
- Canada
- Mexico
- Rest of North America
TABLE 1 North America Magnesium Phosphate Market, 2020 - 2023, USD Million
TABLE 2 North America Magnesium Phosphate Market, 2024 - 2031, USD Million
TABLE 3 North America Magnesium Phosphate Market, 2020 - 2023, Tonnes
TABLE 4 North America Magnesium Phosphate Market, 2024 - 2031, Tonnes
TABLE 5 North America Magnesium Phosphate Market by Form, 2020 - 2023, USD Million
TABLE 6 North America Magnesium Phosphate Market by Form, 2024 - 2031, USD Million
TABLE 7 North America Magnesium Phosphate Market by Form, 2020 - 2023, Tonnes
TABLE 8 North America Magnesium Phosphate Market by Form, 2024 - 2031, Tonnes
TABLE 9 North America Dimagnesium Phosphate Market by Country, 2020 - 2023, USD Million
TABLE 10 North America Dimagnesium Phosphate Market by Country, 2024 - 2031, USD Million
TABLE 11 North America Dimagnesium Phosphate Market by Country, 2020 - 2023, Tonnes
TABLE 12 North America Dimagnesium Phosphate Market by Country, 2024 - 2031, Tonnes
TABLE 13 North America Monomagnesium Phosphate Market by Country, 2020 - 2023, USD Million
TABLE 14 North America Monomagnesium Phosphate Market by Country, 2024 - 2031, USD Million
TABLE 15 North America Monomagnesium Phosphate Market by Country, 2020 - 2023, Tonnes
TABLE 16 North America Monomagnesium Phosphate Market by Country, 2024 - 2031, Tonnes
TABLE 17 North America Trimagnesium Phosphate Market by Country, 2020 - 2023, USD Million
TABLE 18 North America Trimagnesium Phosphate Market by Country, 2024 - 2031, USD Million
TABLE 19 North America Trimagnesium Phosphate Market by Country, 2020 - 2023, Tonnes
TABLE 20 North America Trimagnesium Phosphate Market by Country, 2024 - 2031, Tonnes
TABLE 21 North America Magnesium Phosphate Market by Application, 2020 - 2023, USD Million
TABLE 22 North America Magnesium Phosphate Market by Application, 2024 - 2031, USD Million
TABLE 23 North America Magnesium Phosphate Market by Application, 2020 - 2023, Tonnes
TABLE 24 North America Magnesium Phosphate Market by Application, 2024 - 2031, Tonnes
TABLE 25 North America Fertilizer Market by Country, 2020 - 2023, USD Million
TABLE 26 North America Fertilizer Market by Country, 2024 - 2031, USD Million
TABLE 27 North America Fertilizer Market by Country, 2020 - 2023, Tonnes
TABLE 28 North America Fertilizer Market by Country, 2024 - 2031, Tonnes
TABLE 29 North America Animal Feed Market by Country, 2020 - 2023, USD Million
TABLE 30 North America Animal Feed Market by Country, 2024 - 2031, USD Million
TABLE 31 North America Animal Feed Market by Country, 2020 - 2023, Tonnes
TABLE 32 North America Animal Feed Market by Country, 2024 - 2031, Tonnes
TABLE 33 North America Detergent Market by Country, 2020 - 2023, USD Million
TABLE 34 North America Detergent Market by Country, 2024 - 2031, USD Million
TABLE 35 North America Detergent Market by Country, 2020 - 2023, Tonnes
TABLE 36 North America Detergent Market by Country, 2024 - 2031, Tonnes
TABLE 37 North America Food Market by Country, 2020 - 2023, USD Million
TABLE 38 North America Food Market by Country, 2024 - 2031, USD Million
TABLE 39 North America Food Market by Country, 2020 - 2023, Tonnes
TABLE 40 North America Food Market by Country, 2024 - 2031, Tonnes
TABLE 41 North America Others Market by Country, 2020 - 2023, USD Million
TABLE 42 North America Others Market by Country, 2024 - 2031, USD Million
TABLE 43 North America Others Market by Country, 2020 - 2023, Tonnes
TABLE 44 North America Others Market by Country, 2024 - 2031, Tonnes
TABLE 45 North America Magnesium Phosphate Market by Country, 2020 - 2023, USD Million
TABLE 46 North America Magnesium Phosphate Market by Country, 2024 - 2031, USD Million
TABLE 47 North America Magnesium Phosphate Market by Country, 2020 - 2023, Tonnes
TABLE 48 North America Magnesium Phosphate Market by Country, 2024 - 2031, Tonnes
TABLE 49 US Magnesium Phosphate Market, 2020 - 2023, USD Million
TABLE 50 US Magnesium Phosphate Market, 2024 - 2031, USD Million
TABLE 51 US Magnesium Phosphate Market, 2020 - 2023, Tonnes
TABLE 52 US Magnesium Phosphate Market, 2024 - 2031, Tonnes
TABLE 53 US Magnesium Phosphate Market by Form, 2020 - 2023, USD Million
TABLE 54 US Magnesium Phosphate Market by Form, 2024 - 2031, USD Million
TABLE 55 US Magnesium Phosphate Market by Form, 2020 - 2023, Tonnes
TABLE 56 US Magnesium Phosphate Market by Form, 2024 - 2031, Tonnes
TABLE 57 US Magnesium Phosphate Market by Application, 2020 - 2023, USD Million
TABLE 58 US Magnesium Phosphate Market by Application, 2024 - 2031, USD Million
TABLE 59 US Magnesium Phosphate Market by Application, 2020 - 2023, Tonnes
TABLE 60 US Magnesium Phosphate Market by Application, 2024 - 2031, Tonnes
TABLE 61 Mexico Magnesium Phosphate Market, 2020 - 2023, USD Million
TABLE 62 Mexico Magnesium Phosphate Market, 2024 - 2031, USD Million
TABLE 63 Mexico Magnesium Phosphate Market, 2020 - 2023, Tonnes
TABLE 64 Mexico Magnesium Phosphate Market, 2024 - 2031, Tonnes
TABLE 65 Mexico Magnesium Phosphate Market by Form, 2020 - 2023, USD Million
TABLE 66 Mexico Magnesium Phosphate Market by Form, 2024 - 2031, USD Million
TABLE 67 Mexico Magnesium Phosphate Market by Form, 2020 - 2023, Tonnes
TABLE 68 Mexico Magnesium Phosphate Market by Form, 2024 - 2031, Tonnes
TABLE 69 Mexico Magnesium Phosphate Market by Application, 2020 - 2023, USD Million
TABLE 70 Mexico Magnesium Phosphate Market by Application, 2024 - 2031, USD Million
TABLE 71 Mexico Magnesium Phosphate Market by Application, 2020 - 2023, Tonnes
TABLE 72 Mexico Magnesium Phosphate Market by Application, 2024 - 2031, Tonnes
TABLE 73 Canada Magnesium Phosphate Market, 2020 - 2023, USD Million
TABLE 74 Canada Magnesium Phosphate Market, 2024 - 2031, USD Million
TABLE 75 Canada Magnesium Phosphate Market, 2020 - 2023, Tonnes
TABLE 76 Canada Magnesium Phosphate Market, 2024 - 2031, Tonnes
TABLE 77 Canada Magnesium Phosphate Market by Form, 2020 - 2023, USD Million
TABLE 78 Canada Magnesium Phosphate Market by Form, 2024 - 2031, USD Million
TABLE 79 Canada Magnesium Phosphate Market by Form, 2020 - 2023, Tonnes
TABLE 80 Canada Magnesium Phosphate Market by Form, 2024 - 2031, Tonnes
TABLE 81 Canada Magnesium Phosphate Market by Application, 2020 - 2023, USD Million
TABLE 82 Canada Magnesium Phosphate Market by Application, 2024 - 2031, USD Million
TABLE 83 Canada Magnesium Phosphate Market by Application, 2020 - 2023, Tonnes
TABLE 84 Canada Magnesium Phosphate Market by Application, 2024 - 2031, Tonnes
TABLE 85 Rest of North America Magnesium Phosphate Market, 2020 - 2023, USD Million
TABLE 86 Rest of North America Magnesium Phosphate Market, 2024 - 2031, USD Million
TABLE 87 Rest of North America Magnesium Phosphate Market, 2020 - 2023, Tonnes
TABLE 88 Rest of North America Magnesium Phosphate Market, 2024 - 2031, Tonnes
TABLE 89 Rest of North America Magnesium Phosphate Market by Form, 2020 - 2023, USD Million
TABLE 90 Rest of North America Magnesium Phosphate Market by Form, 2024 - 2031, USD Million
TABLE 91 Rest of North America Magnesium Phosphate Market by Form, 2020 - 2023, Tonnes
TABLE 92 Rest of North America Magnesium Phosphate Market by Form, 2024 - 2031, Tonnes
TABLE 93 Rest of North America Magnesium Phosphate Market by Application, 2020 - 2023, USD Million
TABLE 94 Rest of North America Magnesium Phosphate Market by Application, 2024 - 2031, USD Million
TABLE 95 Rest of North America Magnesium Phosphate Market by Application, 2020 - 2023, Tonnes
TABLE 96 Rest of North America Magnesium Phosphate Market by Application, 2024 - 2031, Tonnes
TABLE 97 Key Information – Celtic Chemicals Ltd.
TABLE 98 Key Information – Jost Chemical Co.
TABLE 99 Key Information – anmol chemicals private limited
TABLE 100 Key Information – American Elements
TABLE 101 Key Information – Innophos Holdings, Inc.
TABLE 102 Key Information – Triveni Interchem Pvt Ltd.
TABLE 103 Key Information – Refractory Minerals Co., Inc.
TABLE 104 Key Information – The Mosaic Company
TABLE 105 Key Information – Nikunj Chemicals
TABLE 106 Key Information – Kronox Lab Sciences Ltd.
List of Figures
FIG 1 Methodology for the research
FIG 2 North America Magnesium Phosphate Market, 2020 - 2023, USD Million
FIG 3 Key Factors Impacting Magnesium Phosphate Market
FIG 4 Porter’s Five Forces Analysis - Magnesium Phosphate Market
FIG 5 North America Magnesium Phosphate Market share by Form, 2023
FIG 6 North America Magnesium Phosphate Market share by Form, 2031
FIG 7 North America Magnesium Phosphate Market by Form, 2020 - 2031, USD Million
FIG 8 North America Magnesium Phosphate Market share by Application, 2023
FIG 9 North America Magnesium Phosphate Market share by Application, 2031
FIG 10 North America Magnesium Phosphate Market by Application, 2020 - 2031, USD Million
FIG 11 North America Magnesium Phosphate Market share by Country, 2023
FIG 12 North America Magnesium Phosphate Market share by Country, 2031
FIG 13 North America Magnesium Phosphate Market by Country, 2020 - 2031, USD Million
FIG 14 SWOT Analysis: Jost Chemical Co
FIG 15 SWOT Analysis: Anmol Chemicals Private Limited
FIG 16 SWOT Analysis: American Elements
FIG 17 SWOT Analysis: Innophos Holdings, Inc.
FIG 18 SWOT Analysis: Triveni Interchem Pvt. Ltd.
FIG 19 SWOT Analysis: Refractory Minerals Co., Inc.
FIG 20 SWOT Analysis: The Mosaic Company