White, milky suspension of magnesium hydroxide (Mg(OH)₂) in water
Market Overview
Works by neutralizing stomach acid and drawing water into intestines
Primarily used as an antacid and laxative medication
Available in various sizes and formulations across global markets
Market Value & Growth Projections
Market Insights:
market size (2023): USD 9 million
market size (2032): $12.27
CAGR (2024-2030): 3.50%
America market size (2023): $2.49
Key Market Drivers:
America CAGR (2025-2032): 3.00%
Increasing prevalence of digestive disorders
Growing aging population
Rising consumer awareness about digestive health
Expansion of over-the-counter medication availability
Technological advancements in product formulation
Regional Market Analysis
North America:
Key Countries- USA, Canada, Mexico
Europe:
Key Countries- Germany, UK, France, Russia, Italy, Rest of Europe
Asia-Pacific:
Key Countries- China, Japan, South Korea, India, Southeast Asia, Rest of Asia-Pacific
South America:
Key Countries- Brazil, Argentina, Columbia, Rest of South America
Middle East and Africa:
Key Countries- Saudi Arabia, UAE, Egypt, Nigeria, South Africa, Rest of MEA
