Calcium Lactate Market Estimated to Witness High Growth Due to Wide Applications in Food Industry
Calcium lactate is a compound formed by the reaction of lactic acid and calcium hydroxide or calcium carbonate. It is a white, water-soluble crystalline powder that exhibits acidic properties. Calcium lactate finds wide application as a pH regulator, nutrient fortification agent, preservative, and sequestrant in various food products such as bakery, dairy, meat, and seafood. It acts as a preservative by preventing microbial growth and inhibiting enzymes in these food items. The compound also helps increase calcium content in foods without altering taste or appearance. It has received generally recognized as safe (GRS) status from the US FDA for use in food.
The global calcium lactate market is estimated to be valued at US$ 1725 Mn in 2023 and is expected to exhibit a CAGR of 2.0% over the forecast period 2023 to 2030, as highlighted in a new report published by Coherent Market Insights.
Market Dynamics:
The wide applications of calcium lactate in the food industry continues to be a key driver for market growth. As highlighted earlier, it acts as a preservative, nutrient fortification agent and pH regulator in bakery, dairy, meat and seafood products. These attributes have led to calcium lactate gaining widespread adoption among food manufacturers globally. In addition, the rising health-consciousness among consumers has increased the demand for fortified and enriched foods. This has prompted food companies to increasingly opt for calcium lactate to boost calcium content and nutritional value of their products, which is further accelerating revenue growth of the market.
SWOT Analysis
Strength: Calcium lactate is used as a food additive in various processed foods and beverages which increases its demand. It serves as an important source of calcium for vegan and lactose intolerant individuals. Rapid urbanization and changing dietary preferences are increasing the consumption of packaged and fortified foods.
Weakness: Fluctuations in the prices of raw materials required for manufacturing calcium lactate can adversely impact the overall production costs. Dependence on a limited number of suppliers for raw materials poses supply chain risks.
Opportunity: Rising health consciousness and increasing preference for bone & muscle health supplements provide growth opportunities. Emerging applications in pharmaceuticals and personal care verticals are expanding the scope of the market.
Threats: Strict regulations pertaining to usage of food additives differ across countries posing compliance challenges. availability of alternative sources of calcium can weaken the demand for calcium lactate.
Key Takeaways
The Global Calcium Lactate Market Size is expected to witness high growth over the forecast period of 2023 to 2030. Growth in demand for processed foods along with increasing vegan and lactose intolerant population has been driving the consumption of calcium lactate as an essential mineral and food fortifying agent. Rapid urbanization and changing eating habits across developing regions have increased the demand for packaged and enriched foods supplements. The global calcium lactate market is estimated to be valued at US$ 1725 Mn in 2023 and is expected to exhibit a CAGR of 2.0% over the forecast period 2023 to 2030.
Regional analysis:
North America dominates the global calcium lactate market accounting for around 35% of total market share in 2024 led by increased health consciousness and growing demand for bone & muscle supplements. Asia Pacific calcium lactate market is expected to witness fastest growth during the forecast period owing to rising consumption of enriched food products and high population base. China, Japan and India are major consumers and emerging production hubs in the Asia Pacific region.
Key players related content comprises: Key players operating in the Calcium Lactate market are Amgen, Jost Chemical Co., Gadot Biochemical Industries LTD., Sterling Biotech ltd, Henan Jindan Lactic Acid Technology Co. Ltd. Amgen is one of the leading pharmaceutical company manufacturing calcium lactate pharmaceutical grade products. Jost Chemical Co. is a renowned producer and supplier of food grade calcium lactate globally.
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