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Last Updated: February 7, 2025

Drug Price Trends for EPSOM SALT


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Drug Price Trends for EPSOM SALT

Average Pharmacy Cost for EPSOM SALT

These are average pharmacy acquisition costs (net of discounts) from a US national survey
Drug Name NDC Price/Unit ($) Unit Date
EPSOM SALT 70000-0021-01 0.00378 GM 2025-01-22
EPSOM SALT GRANULES 46122-0461-43 0.00378 GM 2025-01-22
EPSOM SALT 70000-0021-01 0.00373 GM 2024-12-18
EPSOM SALT GRANULES 46122-0461-43 0.00373 GM 2024-12-18
EPSOM SALT GRANULES 46122-0461-43 0.00375 GM 2024-11-20
EPSOM SALT 70000-0021-01 0.00375 GM 2024-11-20
>Drug Name >NDC >Price/Unit ($) >Unit >Date

Epsom Salt Market Analysis and Price Projections

Introduction to Epsom Salt

Epsom salt, chemically known as magnesium sulfate heptahydrate, is a versatile compound with a wide range of applications, including agriculture, pharmaceuticals, personal care, and home care. Its therapeutic properties and essential nutrients make it a valuable commodity in various industries.

Global Market Size and Growth

As of 2024, the global Epsom salt market is valued at USD 4.518 billion, according to Cognitive Market Research[1].

  • This market is projected to grow at a Compound Annual Growth Rate (CAGR) of 5.60% from 2024 to 2031, reaching USD 6.616 billion by 2031[1].

Another report by Fact.MR estimates the global Epsom salt market to be slightly higher, at USD 4.53 billion in 2023, with a forecasted growth to USD 7.7 billion by 2033 at a CAGR of 5.4%[2].

Regional Market Breakdown

North America

  • The North American market holds a significant share, with the United States being the largest contributor. In 2024, the U.S. Epsom salt market was valued at USD 1.425 billion and is expected to grow at a CAGR of 3.6% from 2024 to 2031[1].
  • Canada and Mexico also contribute substantially, with market sizes of USD 216.87 million and USD 164.46 million, respectively, in 2024[1].

Europe

  • Europe accounts for over 30% of the global revenue, with a market size of USD 1.355 billion in 2024. The region is expected to grow at a CAGR of 4.1% from 2024 to 2031[1].

Asia-Pacific

  • The Asia-Pacific region is anticipated to dominate the global market during the forecast period, driven by increasing demand from end-use industries such as agriculture, pharmaceuticals, home care, and personal care. The region's market size was USD 1.039 billion in 2024 and is expected to grow at a CAGR of 7.6% from 2024 to 2031[1][4].

Latin America and Middle East & Africa

  • Latin America and the Middle East & Africa also show promising growth, with market sizes of USD 225.91 million and USD 90.36 million, respectively, in 2024. These regions are expected to grow at CAGRs of 5.0% and 5.3%, respectively, from 2024 to 2031[1].

Key Drivers of Market Growth

Health and Wellness

  • Increased consumer awareness of health and wellness is a significant driver. Epsom salt is used for its therapeutic properties, such as relieving muscle aches and promoting relaxation[2][3].

Agricultural Sector

  • The agricultural sector benefits from Epsom salt as a source of magnesium and sulfur, essential nutrients for plant growth. This application is particularly prominent in regions like China, where the expanding agricultural sector drives demand[2][4].

Personal Care and Home Care

  • The personal care industry, including spas and salons, is another major driver. Epsom salt is used in various beauty products and treatments, contributing to its growing demand[2][4].

Market Competitive Landscape

The Epsom salt market is competitive, with several key players:

  • Dadakarides Salt SA
  • SaltWorks, Inc.
  • Giles Chemical
  • Unilever PLC
  • Kao Corporation
  • CVS Pharmacy
  • Baymag Inc.
  • STANDERS
  • Bataclan Corporation[2].

These companies are focusing on expanding their market reach and product offerings to capitalize on the growing demand.

Price Projections

The market value of Epsom salt is expected to increase significantly over the forecast period:

  • By 2031, the global market is projected to reach USD 6.616 billion at a CAGR of 5.60%[1].
  • By 2033, the market is forecasted to reach USD 7.7 billion at a CAGR of 5.4%[2].
  • Another projection suggests the market will touch USD 6.3 billion by 2030 at a CAGR of 5.36%[3].

Regional Price Trends

North America

  • The North American market, particularly the United States, is expected to see steady growth driven by health and beauty consciousness, with prices reflecting the increasing demand[1][2].

Asia-Pacific

  • The Asia-Pacific region, especially China, will experience rapid growth due to its large consumer base and expanding agricultural sector, which will influence pricing dynamics[2][4].

Challenges and Opportunities

Challenges

  • Competition from alternative products and fluctuating raw material prices can pose challenges to the market[4].

Opportunities

  • The increasing use of Epsom salt in wellness centers, salons, and the pharmaceutical industry presents significant opportunities for growth. New entrants should focus on hydrous Epsom salts, particularly in pharmaceutical-grade applications[5].

Key Takeaways

  • The global Epsom salt market is valued at over USD 4.5 billion as of 2024 and is expected to grow significantly over the next decade.
  • Key drivers include increased health and wellness awareness, agricultural demand, and personal care applications.
  • The Asia-Pacific region is expected to dominate the market due to its large consumer base and expanding agricultural sector.
  • Major players are focusing on expanding their product offerings and market reach to capitalize on the growing demand.

FAQs

1. What is the current global market size of Epsom salt? The global Epsom salt market size is estimated at USD 4.518 billion as of 2024[1].

2. What is the projected growth rate of the Epsom salt market? The market is expected to grow at a CAGR of 5.60% from 2024 to 2031[1].

3. Which region is expected to dominate the Epsom salt market? The Asia-Pacific region is anticipated to dominate the global Epsom salt market during the forecast period[1][4].

4. What are the primary applications of Epsom salt? Primary applications include agriculture, pharmaceuticals, personal care, and home care[2][4].

5. Who are some of the key players in the Epsom salt market? Key players include Dadakarides Salt SA, SaltWorks, Inc., Giles Chemical, Unilever PLC, and Kao Corporation, among others[2].

Sources

  1. Cognitive Market Research - Global Epsom salt market report[1].
  2. Fact.MR - Epsom Salt Market Size, Demand & Growth Analysis by 2033[2].
  3. Market Research Future (MRFR) - Epsom Salt Market to Touch USD 6.3 Billion by 2030[3].
  4. Maximize Market Research - Epsom Salts Market - Industry Analysis and Forecast (2024–2030)[4].
  5. Verified Market Research - In-Depth Industry Outlook: Epsom Salt Market Size & Forecast[5].

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