Calcium Lactate Market is Anticipated to Witness High Growth
The calcium lactate market has witnessed significant growth over the past few years owing to increasing application in various industries such as food, pharmaceutical and animal feed. Calcium lactate is white-colored powder which dissolves easily in water. It serves as an excellent source of calcium and lactic acid. In the food industry, calcium lactate is widely used as a nutrient supplement, preservative and acidity regulator in products such as baked foods, dairy, confectionery and fruit juices. On the other hand, in the pharmaceutical industry, it finds application in effervescent tablets, antacids and dietary supplements owing to its calcium enriching and lactate buffering properties. Calcium lactate is also used as a feed supplement for livestock to enhance calcium levels and promote growth.
The Global Calcium Lactate Market is estimated to be valued at US$ 1987.2 Mn in 2024 and is expected to exhibit a CAGR of 1.7% over the forecast period 2024 To 2031
Key Takeaways
Key players operating in the calcium lactate market are Amgen Inc., Johnson & Johnson (Janssen Pharmaceuticals), Pfizer Inc., Roche Holding AG, Novartis AG, Biocon Limited, Teva Pharmaceutical Industries Ltd., LG Chem Ltd., Sandoz International GmbH (a subsidiary of Novartis AG), Intas Pharmaceuticals Ltd., Dr. Reddy's Laboratories Ltd., Celltrion Inc., 3SBio Inc., CJ CheilJedang Corporation, BioSidus SA.
The Calcium Lactate Market Growth is expected to witness high growth opportunities due to expanding application scope in functional foods and nutraceuticals. Rising health consciousness among consumers has propelled demand for dietary supplements fortified with minerals like calcium lactate.
Globally, Asia Pacific is anticipated to exhibit fastest growth in the calcium lactate market owing to burgeoning population, changing lifestyle, and growing health & wellness trend in the region. Moreover, rising disposable incomes have boosted consumer spending on premium foods, supplements and cosmetics incorporating calcium lactate. North America and Europe currently dominate the global market, however emerging economies provide lucrative expansion opportunities for key players.
Market Drivers
Growing consumption of packaged and convenience food has significantly contributed to the calcium lactate market growth. With shifting dietary habits, people are increasingly opting for baked goods, dairy/ non-dairy beverages and ready-to-eat snacks fortified with calcium. This drives the use of calcium lactate as a key ingredient in the food processing sector. Moreover, exploding livestock industry has augmented the demand for calcium lactate as a mineral feed additive.
Market Restrains
Adverse reactions associated with excessive calcium intakes pose risks of hypercalcemia that may restrict the Calcium Lactate Market Size and Trends adoption to some extent. Strict regulations regarding mineral additive levels and labelling compliance also challenge industry players. High prices of premium formulations and limited awareness in developing nations are other important bottlenecks for the calcium lactate market.
Segment Analysis
Calcium lactate market is dominated by food & beverage sub segment. Calcium lactate is majorly used as food additive in bakery and dairy products to enhance nutrients. Calcium is an essential mineral for human body which helps strengthening bones and teeth. Growing demand for calcium enriched foods has led to higher adoption of calcium lactate in food industry. Food & beverage application segment currently holds more than half of total calcium lactate market share owing to increasing health consciousness among consumers and high demand for calcium fortified foods.
Global Analysis
North America currently dominates calcium lactate market with largest regional market share. This is due to increasing demand for calcium enriched dairy and bakery products in countries like US and Canada. Presence of leading calcium lactate manufacturers in North America further drive the regional market growth. Asia Pacific exhibits fastest market growth over forecast period 2024-2031. Urbanization, rising disposable incomes and growing health awareness are key factors fueling calcium lactate demand especially in developing countries like China and India. China represents fastest growing country market in Asia Pacific region supported by large population base and increasing consumer preference for fortified food products. However, Latin America and Middle East & Africa also emerge as lucrative regional calcium lactate markets owing to infrastructure development and improving standards of living across countries.
Get More Insights: Calcium Lactate Market
Explore More Related Article On : Scar Treatment Market
For More Insights Discover the Report In language that Resonates with you
About Author:
Priya Pandey is a dynamic and passionate editor with over three years of expertise in content editing and proofreading. Holding a bachelor's degree in biotechnology, Priya has a knack for making the content engaging. Her diverse portfolio includes editing documents across different industries, including food and beverages, information and technology, healthcare, chemical and materials, etc. Priya's meticulous attention to detail and commitment to excellence make her an invaluable asset in the world of content creation and refinement.
(LinkedIn- https://www.linkedin.com/in/priya-pandey-8417a8173/)
- Art
- Causes
- Crafts
- Dance
- Drinks
- Film
- Fitness
- Food
- Games
- Gardening
- Health
- Home
- Literature
- Music
- Networking
- Other
- Party
- Religion
- Shopping
- Sports
- Theater
- Wellness