Increasing Demand from the Dietary Supplement Industry is expected to boost the growth of Calcium Lactate Market
Market Overview:
Calcium lactate is a white crystalline salt produced by the reaction of lactic
acid and calcium hydroxide or calcium carbonate. It is used as a food additive
and supplement. It plays an important role in metabolism, bone mineralization,
muscle contractions, nerve signaling, and maintaining electrolyte balance in
the body. It can be used as a calcium supplement or food preservative. Calcium
lactate contains 13% elemental calcium and is highly soluble in water. It is
often used as a supplement instead of calcium carbonate due to its better absorption
in the body.
Market key trends:
One of the major trends in the calcium lactate market is the increasing demand
from the dietary supplement industry. Calcium lactate is commonly used as a
calcium supplement due to its high solubility and bioavailability. Rising
health consciousness among consumers and increasing prevalence of osteoporosis
has been driving the demand for calcium supplements. According to the National
Osteoporosis Foundation, over 53 million Americans are at high risk for
osteoporosis and low-impact fractures. This growing demand for calcium
supplements as preventive healthcare is expected to support the growth of
calcium lactate market over the forecast period.
Porter’s Analysis
Threat of new entrants: Calcium lactate market requires high R&D and
capital investments to compete with existing players, posing barriers for new
entrants.
Bargaining power of buyers: Buyers have moderate bargaining power due to
availability of several calcium lactate suppliers in the market.
Bargaining power of suppliers: Suppliers have moderate bargaining power due to
vast availability of raw material sources required for calcium lactate
production.
Threat of new substitutes: Low threat of substitutes as calcium lactate has
unique properties and functionality in various end-use industries like food
& beverages.
Competitive rivalry: Intense competition among existing players will drive
innovations in products.
Key Takeaways
The global calcium lactate market is expected to witness high growth,
exhibiting CAGR of 2.5% over the forecast period, due to increasing demand from
food & beverages industry.
Regional analysis: Asia Pacific calcium lactate market is expected to grow the
fastest during the forecast period owing to increasing food processing industries
and consumer awareness in the region. North America is expected to dominate the
global calcium lactate market throughout the forecast period.
Key players: Key players operating in the calcium lactate market are Accion
S.A., Cargill Incorporation, Jost Chemical Co., Nutrena, Tyson Food Inc.,
Anheuser-Busch InBev NV, Corbion, Henan Jindan Lactic Acid Technology Co Ltd.,
Land O'Lakes Inc., Provimi, Shenzhen Esun Industrial Co., Ltd., Shaanxi Sciphar
Hi-Tech Industry Co. Accion S.A. and Cargill Inc. are the leading players in
the calcium lactate market.
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