Food Grade Magnesium Derivatives Market To Witness A Significant Growth Of USD 1.24 Billion By 2030
San Francisco, 10 July 2023: The Report Food Grade Magnesium Derivatives Market Size, Share & Trends Analysis Report By Type (Inorganic, Organic), By Application (Food, Beverages), By Region (North America, EU, APAC), And Segment Forecasts, 2022 - 2030 The global food grade magnesium derivatives market size is expected to reach USD 1.24 billion by 2030, registering a CAGR of 4.5% over the forecast period, as per the new report by Grand View Research, Inc. The growth is majorly driven by the growing inclusion of magnesium derivatives in the production of confectionery products, such as chocolates and sweets, as well as the production of alcoholic and nonalcoholic beverages, including functional drinks. The industry is anticipated to grow on account of the rising demand for products from the bakery, confectionery, and dairy, among other application segments. The magnesium derivatives are widely used in the food processing industries as color retention agents, pH stabilizers, su