Dublin, Aug. 15, 2023 (GLOBE NEWSWIRE) -- The "Epsom Salt - Global Strategic Business Report" report has been added to ResearchAndMarkets.com's offering.
The comprehensive analysis offers valuable insights into the trends and growth prospects of the Epsom Salt market across various geographic regions and applications. The global market for Epsom Salt is estimated to have been worth US$1.6 billion in 2022 and is projected to reach US$2.4 billion by 2030, with a Compound Annual Growth Rate (CAGR) of 5.3% over the analysis period 2022-2030.
The report provides a comprehensive analysis of the global Epsom Salt market, encompassing recent, current, and projected future annual sales in US$ thousand for the period 2022 through 2030. The analysis is conducted independently for different geographic regions, including the USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East, and Africa. Furthermore, the report offers a 16-year perspective, presenting the percentage breakdown of value sales for each region for the years 2014, 2023, and 2030.
Application Analysis of Epsom Salt
The report delves into specific applications of Epsom Salt, including Bath Care, Aromatherapy, Therapeutic, Home Care, Fertilizers, and Other Applications. For each application, the recent, current, and future annual sales in US$ thousand for the years 2022 through 2030 are analyzed independently. The report also provides a 16-year perspective on the percentage breakdown of value sales in 2014, 2023, and 2030 for each application.
Segment Analysis
The report highlights the Bath Care segment as a significant area of growth, projected to achieve a 4.2% CAGR and reach US$798.3 million by the end of the analysis period. The Aromatherapy segment's growth forecast has been readjusted to a revised 6.1% CAGR for the next 8-year period, taking into account the ongoing post-pandemic recovery.
Regional Insights
The United States Epsom Salt market is estimated to have been worth US$441.2 million in 2022. Meanwhile, China, the world's second-largest economy, is forecast to reach a projected market size of US$498.7 million by 2030, experiencing a CAGR of 7.9% over the analysis period 2022 to 2030. Other noteworthy geographic markets include Japan and Canada, each projected to grow at 3.5% and 4.5% CAGR, respectively, over the 2022-2030 period. Within Europe, Germany is forecast to grow at approximately 4.1% CAGR.
Select Competitors
The report features a list of 43 prominent competitors in the Epsom Salt market, including:
- Bathclin Corporation
- Baymag Inc.
- CVS Pharmacy
- Dadakarides Salt SA
- Giles Chemical
- K+S Kali GmbH
- Kao Corporation
- Kneipp GmbH
- L`Occitane International SA
- Parfums De Coeur, Ltd.
- SaltWorks, Inc.
- San Francisco Salt Company
- Shiseido Company Limited
- Stenders
- Unilever PLC
What's New for 2023?
The report includes special coverage on various aspects, such as the Russia-Ukraine war, global inflation, easing of zero-COVID policy in China, supply chain disruptions, global trade tensions, and the risk of recession. It also provides insights into global competitiveness and key competitor percentage market shares. The report offers online interactive peer-to-peer collaborative bespoke updates, access to digital archives, and a Research Platform, along with complimentary updates for one year.
Key Attributes
| Report Attribute | Details |
| No. of Pages | 94 |
| Forecast Period | 2022-2030 |
| Estimated Market Value (USD) in 2022 | $1.6 Billion |
| Forecasted Market Value (USD) by 2030 | $2.4 Billion |
| Compound Annual Growth Rate | 5.2% |
| Regions Covered | Global |
Key Topics Covered
I. METHODOLOGY
II. EXECUTIVE SUMMARY
1. MARKET OVERVIEW
- Influencer Market Insights
- World Market Trajectories
- Impact of COVID-19 and a Looming Global Recession
- Epsom Salt - Global Key Competitors Percentage Market Share in 2022 (E)
- Competitive Market Presence - Strong/Active/Niche/Trivial for Players Worldwide in 2022 (E)
2. FOCUS ON SELECT PLAYERS
3. MARKET TRENDS & DRIVERS
4. GLOBAL MARKET PERSPECTIVE
III. MARKET ANALYSIS
IV. COMPETITION
For more information about this report visit https://www.researchandmarkets.com/r/eusjb6
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