Growing application scope to propel the calcium citrate malate market
The calcium citrate malate Market is estimated to be valued at US$ 290 million in 2023 and is expected to exhibit a CAGR of 7.6% over the forecast period 2023-2030, as highlighted in a new report published by Coherent Market Insights.
Market Overview:
Calcium citrate malate is a combination of calcium, citric acid and malic acid. It is used as a supplement for increasing calcium levels in the body. It has better bioavailability than other calcium supplements.
Market Dynamics:
The calcium citrate malate market is driven by the increasing health consciousness among consumers and growing awareness about importance of calcium and vitamin C for bone and muscle health. Calcium citrate malate supplements are increasingly being used by athletes and bodybuilders for improved muscle function and strength. The supplements are finding wider application in nutritional and pharmaceutical industries due to their multifunctional properties.
Market key trends:
The Calcium Citrate Malate Market Growth is mainly driven by the growing health consciousness among consumers. Calcium citrate malate is gaining popularity as a dietary supplement due to its high bioavailability and negligible side effects compared to other calcium sources. It is widely used as a supplement for bone and joint health by the aging population. Additionally, the easy absorption property of calcium citrate malate makes it suitable for various calcium fortified food products. Food manufacturers are increasingly utilizing calcium citrate malate as a calcium enrichment agent in beverages, yogurt, bread and cereals.
SWOT Analysis
Strengths: Highly bioavailable source of calcium that is easily absorbed by the body. Has negligible side effects.
Weaknesses: Limited awareness about the benefits of calcium citrate malate among consumers.
Opportunities: Growing health & wellness trend is creating demand for specialized dietary supplements. Rising incomes allow for premium priced supplements.
Threats: Intense competition from other cheaper calcium supplements like calcium carbonate. Stringent regulations around supplement ingredients and labeling.
Key Takeaways
The global calcium citrate malate market is expected to witness high growth, exhibiting CAGR of 7.6% over the forecast period 2023-2030, due to increasing health consciousness among consumers.
Regional analysis: North America currently dominates the calcium citrate malate market and is expected to maintain its lead over the forecast period as well. This can be attributed to growing health issues and established supplement sector in the region.
Asia Pacific is projected to be the fastest growing market for calcium citrate malate due to increasing middle class population, rising discretionary incomes and growing health awareness in countries like China and India.
Key players operating in the calcium citrate malate market are Jungbunzlauer, Gadot Biochemical Industries, Sucroal, Dr. Paul Lohmann, Global Calcium, TATE & LYLE, American Elements, Triveni Chemicals, A.B. Enterprises, Nikunj Chemicals, Advait Industries, Anmol Chemicals, Krishna Chemicals, AMS biotechnology, Henan Honghui Biotechnology. Key players are focusing on expansion in high growth regions like Asia Pacific and product portfolio diversification.
Read More: https://cmiresearch.blogspot.com/2023/10/calcium-citrate-malate-market-fueling.html
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