The Global Magnesium Phosphate Market size is expected to reach $2 billion by 2031, rising at a market growth of 4.0% CAGR during the forecast period. In the year 2023, the market attained a volume of 1,27,773.21 tonnes, experiencing a growth of 2.0% (2020-2023).
Phosphorus is vital for maximizing crop yields, particularly in regions with phosphorus-deficient soils. Adequate phosphorus availability promotes vigorous root development, early plant establishment, and efficient nutrient uptake, improving crop growth and yield potential. Hence, the Fertilizer segment captured $924.68 million revenue in the market in the year 2023. Also, globally, 79,518.89 tonnes of Magnesium Phosphate would be utilized in Fertilizer by the year 2031. Farmers worldwide rely on phosphorus fertilizers, including magnesium phosphate-based formulations, to enhance crop productivity and meet the growing demand for food, feed, and fiber.
Sustainable agriculture emphasizes efficient nutrient management practices to minimize nutrient losses, optimize nutrient use efficiency, and reduce environmental pollution. Magnesium phosphate-based fertilizers offer several advantages in terms of nutrient management and efficiency. They provide a balanced supply of phosphorus and magnesium, essential nutrients for plant growth while minimizing the risk of nutrient runoff and leaching.
Additionally, livestock producers are increasingly focused on improving feed efficiency and optimizing animal performance to enhance profitability and sustainability. Magnesium phosphate compounds contribute to feed efficiency by providing readily available sources of essential nutrients, reducing feed wastage, and maximizing animal nutrient utilization. Enhanced feed efficiency improves growth rates, feed conversion ratios, and production outcomes, benefiting producers and consumers. Hence, the global expansion of the livestock industry is driving the market's growth.
However, producing magnesium phosphate compounds requires raw materials such as phosphoric acid and magnesium sources, which can be costly. Phosphoric acid, in particular, is a key ingredient in synthesizing magnesium phosphate and is derived from phosphate rock through complex chemical processes. Fluctuations in phosphate rock prices and transportation and logistics expenses can contribute to high raw material costs for magnesium phosphate production. Thus, high production costs are hampering the growth of the market.
Form Outlook
Based on form, the market is divided into monomagnesium phosphate, dimagnesium phosphate, and trimagnesium phosphate. The monomagnesium phosphate segment attained 31% market share in the market in 2023. In terms of volume, the Monomagnesium phosphate would utilize 39,549.64 tonnes of Magnesium Phosphate by the year 2031. Monomagnesium phosphate may be preferred in certain applications due to its unique properties or suitability for specific processes. Industries such as food and beverage, pharmaceuticals, and water treatment may require monomagnesium phosphate for its specific characteristics, leading to consistent demand within these sectors.
Application Outlook
On the basis of application, the market is segmented into fertilizer, animal feed, detergent, food, and others. The fertilizer segment recorded 63% revenue share in the market in 2023. In terms of volume, 79,518.89 tonnes of Magnesium phosphate would be utilized in fertilizer by the year 2031. Magnesium phosphate helps improve soil fertility and structure, promoting healthy plant growth and higher crop yields.
Regional Outlook
Region-wise, the market is analyzed across North America, Europe, Asia Pacific, and LAMEA. The Asia Pacific region witnessed 46% revenue share in the market in 2023. In terms of volume, the Asia Pacific region would utilize 61,149.28 tonnes of Magnesium Phosphate by the year 2031. With a large population to feed and limited arable land, there is a significant demand for magnesium phosphate-based fertilizers in the region to improve soil fertility and increase agricultural yields.
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.
Global 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 Geography (Volume, Tonnes, USD Billion, 2020-2031)
- North America
- US
- Canada
- Mexico
- Rest of North America
- Europe
- Germany
- UK
- France
- Russia
- Spain
- Italy
- Rest of Europe
- Asia Pacific
- China
- Japan
- India
- South Korea
- Australia
- Thailand
- Rest of Asia Pacific
- LAMEA
- Brazil
- Argentina
- Chile
- Morocco
- South Africa
- Nigeria
- Rest of LAMEA
Table of Contents
Chapter 1.Market Scope & Methodology
- 1.1Market Definition
- 1.2Objectives
- 1.3Market Scope
- 1.4Segmentation
- 1.4.1Global Magnesium Phosphate Market, by Form
- 1.4.2Global Magnesium Phosphate Market, by Application
- 1.4.3Global Magnesium Phosphate Market, by Geography
- 1.5Methodology for the research
Chapter 2.Market at a Glance
Chapter 3.Market Overview
- 3.1Introduction
- 3.1.1Overview
- 3.1.1.1Market Composition and Scenario
- 3.2Key Factors Impacting the Market
- 3.2.1Market Drivers
- 3.2.2Market Restraints
- 3.2.3Market Opportunities
- 3.2.4Market Challenges
- 3.3Porter's Five Forces Analysis
Chapter 4.Global Magnesium Phosphate Market by Form
- 4.1Global Dimagnesium Phosphate Market by Region
- 4.2Global Monomagnesium Phosphate Market by Region
- 4.3Global Trimagnesium Phosphate Market by Region
Chapter 5.Global Magnesium Phosphate Market by Application
- 5.1Global Fertilizer Market by Region
- 5.2Global Animal Feed Market by Region
- 5.3Global Detergent Market by Region
- 5.4Global Food Market by Region
- 5.5Global Others Market by Region
Chapter 6.Global Magnesium Phosphate Market by Region
- 6.1North America Magnesium Phosphate Market
- 6.1.1North America Magnesium Phosphate Market by Form
- 6.1.1.1North America Dimagnesium Phosphate Market by Country
- 6.1.1.2North America Monomagnesium Phosphate Market by Country
- 6.1.1.3North America Trimagnesium Phosphate Market by Country
- 6.1.2North America Magnesium Phosphate Market by Application
- 6.1.2.1North America Fertilizer Market by Country
- 6.1.2.2North America Animal Feed Market by Country
- 6.1.2.3North America Detergent Market by Country
- 6.1.2.4North America Food Market by Country
- 6.1.2.5North America Others Market by Country
- 6.1.3North America Magnesium Phosphate Market by Country
- 6.1.3.1US Magnesium Phosphate Market
- 6.1.3.1.1US Magnesium Phosphate Market by Form
- 6.1.3.1.2US Magnesium Phosphate Market by Application
- 6.1.3.2Mexico Magnesium Phosphate Market
- 6.1.3.2.1Mexico Magnesium Phosphate Market by Form
- 6.1.3.2.2Mexico Magnesium Phosphate Market by Application
- 6.1.3.3Canada Magnesium Phosphate Market
- 6.1.3.3.1Canada Magnesium Phosphate Market by Form
- 6.1.3.3.2Canada Magnesium Phosphate Market by Application
- 6.1.3.4Rest of North America Magnesium Phosphate Market
- 6.1.3.4.1Rest of North America Magnesium Phosphate Market by Form
- 6.1.3.4.2Rest of North America Magnesium Phosphate Market by Application
- 6.2Europe Magnesium Phosphate Market
- 6.2.1Europe Magnesium Phosphate Market by Form
- 6.2.1.1Europe Dimagnesium Phosphate Market by Country
- 6.2.1.2Europe Monomagnesium Phosphate Market by Country
- 6.2.1.3Europe Trimagnesium Phosphate Market by Country
- 6.2.2Europe Magnesium Phosphate Market by Application
- 6.2.2.1Europe Fertilizer Market by Country
- 6.2.2.2Europe Animal Feed Market by Country
- 6.2.2.3Europe Detergent Market by Country
- 6.2.2.4Europe Food Market by Country
- 6.2.2.5Europe Others Market by Country
- 6.2.3Europe Magnesium Phosphate Market by Country
- 6.2.3.1Russia Magnesium Phosphate Market
- 6.2.3.1.1Russia Magnesium Phosphate Market by Form
- 6.2.3.1.2Russia Magnesium Phosphate Market by Application
- 6.2.3.2France Magnesium Phosphate Market
- 6.2.3.2.1France Magnesium Phosphate Market by Form
- 6.2.3.2.2France Magnesium Phosphate Market by Application
- 6.2.3.3Germany Magnesium Phosphate Market
- 6.2.3.3.1Germany Magnesium Phosphate Market by Form
- 6.2.3.3.2Germany Magnesium Phosphate Market by Application
- 6.2.3.4UK Magnesium Phosphate Market
- 6.2.3.4.1UK Magnesium Phosphate Market by Form
- 6.2.3.4.2UK Magnesium Phosphate Market by Application
- 6.2.3.5Spain Magnesium Phosphate Market
- 6.2.3.5.1Spain Magnesium Phosphate Market by Form
- 6.2.3.5.2Spain Magnesium Phosphate Market by Application
- 6.2.3.6Italy Magnesium Phosphate Market
- 6.2.3.6.1Italy Magnesium Phosphate Market by Form
- 6.2.3.6.2Italy Magnesium Phosphate Market by Application
- 6.2.3.7Rest of Europe Magnesium Phosphate Market
- 6.2.3.7.1Rest of Europe Magnesium Phosphate Market by Form
- 6.2.3.7.2Rest of Europe Magnesium Phosphate Market by Application
- 6.3Asia Pacific Magnesium Phosphate Market
- 6.3.1Asia Pacific Magnesium Phosphate Market by Form
- 6.3.1.1Asia Pacific Dimagnesium Phosphate Market by Country
- 6.3.1.2Asia Pacific Monomagnesium Phosphate Market by Country
- 6.3.1.3Asia Pacific Trimagnesium Phosphate Market by Country
- 6.3.2Asia Pacific Magnesium Phosphate Market by Application
- 6.3.2.1Asia Pacific Fertilizer Market by Country
- 6.3.2.2Asia Pacific Animal Feed Market by Country
- 6.3.2.3Asia Pacific Detergent Market by Country
- 6.3.2.4Asia Pacific Food Market by Country
- 6.3.2.5Asia Pacific Others Market by Country
- 6.3.3Asia Pacific Magnesium Phosphate Market by Country
- 6.3.3.1China Magnesium Phosphate Market
- 6.3.3.1.1China Magnesium Phosphate Market by Form
- 6.3.3.1.2China Magnesium Phosphate Market by Application
- 6.3.3.2India Magnesium Phosphate Market
- 6.3.3.2.1India Magnesium Phosphate Market by Form
- 6.3.3.2.2India Magnesium Phosphate Market by Application
- 6.3.3.3Thailand Magnesium Phosphate Market
- 6.3.3.3.1Thailand Magnesium Phosphate Market by Form
- 6.3.3.3.2Thailand Magnesium Phosphate Market by Application
- 6.3.3.4Japan Magnesium Phosphate Market
- 6.3.3.4.1Japan Magnesium Phosphate Market by Form
- 6.3.3.4.2Japan Magnesium Phosphate Market by Application
- 6.3.3.5South Korea Magnesium Phosphate Market
- 6.3.3.5.1South Korea Magnesium Phosphate Market by Form
- 6.3.3.5.2South Korea Magnesium Phosphate Market by Application
- 6.3.3.6Australia Magnesium Phosphate Market
- 6.3.3.6.1Australia Magnesium Phosphate Market by Form
- 6.3.3.6.2Australia Magnesium Phosphate Market by Application
- 6.3.3.7Rest of Asia Pacific Magnesium Phosphate Market
- 6.3.3.7.1Rest of Asia Pacific Magnesium Phosphate Market by Form
- 6.3.3.7.2Rest of Asia Pacific Magnesium Phosphate Market by Application
- 6.4LAMEA Magnesium Phosphate Market
- 6.4.1LAMEA Magnesium Phosphate Market by Form
- 6.4.1.1LAMEA Dimagnesium Phosphate Market by Country
- 6.4.1.2LAMEA Monomagnesium Phosphate Market by Country
- 6.4.1.3LAMEA Trimagnesium Phosphate Market by Country
- 6.4.2LAMEA Magnesium Phosphate Market by Application
- 6.4.2.1LAMEA Fertilizer Market by Country
- 6.4.2.2LAMEA Animal Feed Market by Country
- 6.4.2.3LAMEA Detergent Market by Country
- 6.4.2.4LAMEA Food Market by Country
- 6.4.2.5LAMEA Others Market by Country
- 6.4.3LAMEA Magnesium Phosphate Market by Country
- 6.4.3.1Brazil Magnesium Phosphate Market
- 6.4.3.1.1Brazil Magnesium Phosphate Market by Form
- 6.4.3.1.2Brazil Magnesium Phosphate Market by Application
- 6.4.3.2Argentina Magnesium Phosphate Market
- 6.4.3.2.1Argentina Magnesium Phosphate Market by Form
- 6.4.3.2.2Argentina Magnesium Phosphate Market by Application
- 6.4.3.3South Africa Magnesium Phosphate Market
- 6.4.3.3.1South Africa Magnesium Phosphate Market by Form
- 6.4.3.3.2South Africa Magnesium Phosphate Market by Application
- 6.4.3.4Nigeria Magnesium Phosphate Market
- 6.4.3.4.1Nigeria Magnesium Phosphate Market by Form
- 6.4.3.4.2Nigeria Magnesium Phosphate Market by Application
- 6.4.3.5Morocco Magnesium Phosphate Market
- 6.4.3.5.1Morocco Magnesium Phosphate Market by Form
- 6.4.3.5.2Morocco Magnesium Phosphate Market by Application
- 6.4.3.6Chile Magnesium Phosphate Market
- 6.4.3.6.1Chile Magnesium Phosphate Market by Form
- 6.4.3.6.2Chile Magnesium Phosphate Market by Application
- 6.4.3.7Rest of LAMEA Magnesium Phosphate Market
- 6.4.3.7.1Rest of LAMEA Magnesium Phosphate Market by Form
- 6.4.3.7.2Rest of LAMEA Magnesium Phosphate Market by Application
Chapter 7.Company Profiles
- 7.1Celtic Chemicals Ltd.
- 7.2Jost Chemical Co.
- 7.2.1Company Overview
- 7.2.2SWOT Analysis
- 7.3Anmol Chemicals Private Limited
- 7.3.1Company Overview
- 7.3.2SWOT Analysis
- 7.4American Elements
- 7.4.1Company Overview
- 7.4.2SWOT Analysis
- 7.5Innophos Holdings, Inc. (One Rock Capital Partners, LLC)
- 7.5.1Company Overview
- 7.5.2Recent strategies and developments:
- 7.5.2.1Partnerships, Collaborations, and Agreements:
- 7.5.3SWOT Analysis
- 7.6Triveni Interchem Pvt Ltd.
- 7.6.1Company Overview
- 7.6.2SWOT Analysis
- 7.7Refractory Minerals Co., Inc.
- 7.7.1Company Overview
- 7.7.2SWOT Analysis
- 7.8The Mosaic Company
- 7.8.1Company Overview
- 7.8.2Financial Analysis
- 7.8.3Segmental and Regional Analysis
- 7.8.4SWOT Analysis
- 7.9Nikunj Chemicals
- 7.10.Kronox Lab Sciences Ltd.
- 7.10.1Company Overview
- 7.10.2Financial Analysis
Chapter 8.Winning Imperatives of Magnesium Phosphate Market