by Calcium lactate is a calcium salt formed by the reaction between lactic acid and calcium. It is commonly used as a supplement and food additive. As a supplement, calcium lactate is utilized for improving bone health, reducing symptoms of premenstrual syndrome, and managing acid reflux. In the food industry, it is added to products such as baked goods, chocolate, and jams & jellies for calcium fortification. Calcium lactate has superior solubility and bioavailability compared to other sources like calcium carbonate. It is easily absorbed in the digestive system and helps maintain overall health. The growing health and wellness trend has boosted the use of calcium lactate supplements globally.
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.
The increasing consumer awareness about nutrition and health has benefited demand for calcium lactate supplements. It is widely marketed as an essential mineral for bone strength and cardiovascular function. Products like functional foods and beverages supplemented with calcium lactate to enhance nutritional value have gained immense popularity. The rising consumption of these fortified foods and drinks has accelerated revenue in the calcium lactate industry.
Market key trends:
One of the major trends in the Global Calcium Lactate Market Size has been the growing use of the mineral to manage health conditions like premenstrual syndrome symptoms. Numerous clinical studies have established that calcium lactate supplementation can significantly relieve painful cramps and mood changes associated with premenstrual syndrome. This has encouraged more women suffering from the condition to opt for calcium lactate supplements. The rising prevalence of premenstrual syndrome globally is therefore projected to drive higher adoption of calcium lactate products over the forecast period. Furthermore, calcium lactate is increasingly utilized as a vegan-friendly alternative to other calcium supplements derived from animal sources like dairy. This, coupled with the expanding global vegan population, will further support calcium lactate market expansion through 2030.
Porter’s Analysis
Threat of new entrants: Low, due to high level of capital required and established brand value of existing players.
Bargaining power of buyers: Moderate, as calcium lactate has applications in various end-use industries like food, pharmaceutical etc.
Bargaining power of suppliers: Moderate, as raw materials for calcium lactate are commoditized.
Threat of new substitutes: Low, as calcium lactate has unique functional properties.
Competitive rivalry: High, as the market is fragmented with presence of large multinational players.
Key Takeaways
The global calcium lactate market is expected to witness high growth during the forecast period. 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.
The Asia Pacific region is expected to dominate the global calcium lactate market during the forecast period. Countries like China and India are the fastest growing markets in the region due to the increasing demand from end-use industries like food and pharmaceutical.
Key players
Key players operating in the calcium lactate market are Amgen. Amgen is one of the leading players in the calcium lactate market with a wide product portfolio and global presence.
*Note:
1. Source: Coherent Market Insights, Public sources, Desk research
2. We have leveraged AI tools to mine information and compile it
