DUBLIN--(BUSINESS WIRE )--The "U.S. Magnesium Stearate Market Size, Share & Trends Analysis Report by Application, by Form (Pharmaceutical, Nutraceutical), and Segment Forecasts, 2022-2030" report has been added to ResearchAndMarkets.com's offering.

The U.S magnesium stearate market size is estimated to reach USD 288.31 million by 2030 and 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 lubricant to reduce friction between manufacturing equipment and organic solids in various pharmaceutical manufacturing processes namely roller compaction, blending, capsule filling, and tablet manufacturing.

The masses in the U.S. are opting for dietary supplements based on the recommendations from health professionals. As the part of the population in the U.S. that is considered baby boomers has aged, manufacturers of dietary supplements are shifting their focus toward offering products to other age groups.

Increasing demand for magnesium stearate from the pharmaceutical sector to manufacture tablets has led to increased competition in the market. To sustain in the competitive environment, manufacturers are engaged in adopting several strategic initiatives including introducing new products and broadening geographical reach.

U.S. Magnesium Stearate Market Report Highlights

Market Variables, Trends & Scope

Penetration & Growth Prospect Mapping, 2018 - 2030

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ResearchAndMarkets.com Laura Wood, Senior Press Manager press@researchandmarkets.com For E.S.T Office Hours Call 1-917-300-0470 For U.S./ CAN Toll Free Call 1-800-526-8630 For GMT Office Hours Call +353-1-416-8900