Calcium lactate is a calcium supplement that offers several health benefits including supporting bone health and promoting the absorption of calcium in the body. Some key applications of calcium lactate include use in nutraceuticals, supplements, functional foods and beverages. It contains calcium and lactate which helps in the absorption of calcium in the body. Calcium lactate has gained widespread acceptance as a calcium fortifying agent owing to its high solubility.
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 2.0% over the forecast period 2024 to 2030.
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. Key players are focusing on new product launches, partnerships and expansion of production facilities globally to cater to the growing demand for calcium lactate.
The global demand for calcium lactate is growing rapidly mainly due to the rising health-conscious population and increasing consumption of nutraceuticals, functional foods and supplements. Calcium lactate provides several health benefits and is widely used as a calcium fortifying agent. The growth of end-use industries such as pharmaceuticals, food & beverages, and personal care products is propelling the demand for calcium lactate.
The calcium lactate market is witnessing robust growth in Asia Pacific region attributed to huge population, increasing disposable incomes and growing health awareness. Key market players are focusing on expanding their production facilities in Asia to leverage growth opportunities. Growing customer base in China and India is driving the demand for calcium lactate in the region.
Market drivers: The key driver which is propelling the growth of Global Calcium Lactate Market Share is the rising demand from nutraceutical industry. Calcium lactate is increasingly being used as an important nutrient and calcium fortifying agent in various dietary supplements, medical foods, sports nutrition and functional foods. It helps in the absorption of calcium and promotes bone health. Growing health concerns and preventive healthcare approach is contributing to the rising consumption of nutraceuticals, thereby driving the demand for calcium lactate.
Geopolitical Impact on Calcium Lactate Market Growth
The current geopolitical instability and tensions between major powers is negatively impacting the growth of the global calcium lactate market. Restrictions on trade and supply chain disruptions due to political conflicts have limited the availability of raw materials needed for calcium lactate production. There is also economic uncertainty caused by ongoing global issues that is hampering investment in the market. To counter these challenges, market players must look at diversifying their supply networks and sourcing from alternative regions. Signing long term supply agreements can provide more stability. Companies also need to closely monitor the political situation and be prepared with contingency plans to mitigate risks from any future supply bottlenecks or trade restrictions.
Geographical Concentration of Calcium Lactate Market Value
Currently, North America accounts for the largest share of the global calcium lactate market in terms of value. This is due to high demand from the well-established food and pharmaceutical industries in the region that use calcium lactate as an important ingredient. However, it is expected that Asia Pacific will surpass North America and become the leading regional market during the forecast period due to rising health awareness, growing disposable incomes, and rapid expansion of nutritional and medical sectors in developing economies like China and India.
Fastest Growing Region for Calcium Lactate Market
Asia Pacific is poised to become the fastest growing region for the calcium lactate market during 2024-2030. This growth can be attributed to a steadily increasing population, improving standards of living, rising health consciousness, entry of global food brands tapping into the market potential, and investments by international medical device companies seeking to leverage lower manufacturing costs. Countries such as China, India and South Korea will majorly drive the high demand for calcium lactate products within the region's nutritional supplements, pharmaceutical and dairy industries. Asia Pacific's yearly market growth rate is projected to be significantly higher than the global CAGR during the forecast timeline.
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