U.S. Magnesium Stearate Market Is Likely To Up Demand At A USD 288.31 Million By 2030
San Francisco, 23 Sep 2022: The Report U.S. Magnesium Stearate Market Size, Share & Trends Analysis Report By Application, By Form (Pharmaceutical, Nutraceutical), And Segment Forecasts, 2022 - 2030 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 lubric