PUBLISHER: Grand View Research | PRODUCT CODE: 1889058
PUBLISHER: Grand View Research | PRODUCT CODE: 1889058
The global magnesium stearate market size was estimated at USD 611.7 million in 2024 and is projected to reach USD 968.1 million by 2033, growing at a CAGR of 5.1% from 2025 to 2033. The growth is driven by increasing pharmaceutical and nutraceutical production.
It is widely used in tablet and capsule formulations to ensure smooth flow and effective lubrication, while rising global healthcare spending and the expansion of generic drugs are boosting demand for high-purity, regulatory-compliant excipients. Magnesium stearate is witnessing strong adoption in personal care and cosmetics due to its ability to improve texture, stability, and blend uniformity in powders, creams, and lotions. Rising consumer awareness, urbanization, and disposable income in emerging markets are accelerating the application of skincare and beauty products.
With growing consumer and regulatory focus on sustainability, there is a significant opportunity for manufacturers to develop plant-based, biodegradable, and "clean-label" grades of magnesium stearate. Such innovations can cater to the expanding pharmaceutical, nutraceutical, and personal care segments seeking eco-friendly and non-GMO formulations.
Global Magnesium Stearate Market Report Segmentation
This report forecasts revenue growth at global, regional, and country levels and provides an analysis of the latest industry trends in each of the sub-segments from 2018 to 2033. For this study, Grand View Research has segmented the global magnesium stearate market report based on application and region