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As of 2024, the market was valued at approximately USD 3.01 billion and is projected to experience robust growth, with forecasts estimating a Compound Annual Growth Rate (CAGR) ranging from 11.4% to 20.10% through 2032 Data Bridge Market Research+1.
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The food grade magnesium derivatives market continues to grow steadily, supported by rising demand from the food & beverage sector and increased use in multiple applications.
