by The calcium citrate malate market has witnessed significant growth in recent years owing to the growing health awareness among consumers. Calcium citrate malate is a compound that contains calcium, citric acid, and malic acid which helps in effective calcium absorption in the body. It is commonly used as a dietary supplement to prevent and treat calcium deficiency. The compound allows slow and sustained release of calcium throughout the day maintaining adequate calcium levels in the blood.
The global calcium citrate malate market is estimated to be valued at US$ 334.08 Mn in 2024 and is expected to exhibit a CAGR of 8.4% over the forecast period 2024 to 2030.
Key Takeaways
Key players operating in the calcium citrate malate market are Omron Corporation, Texas Instruments Incorporated, ABB Limited, TE Connectivity Inc., Sick AG, Omega Engineering Inc., Bosch Sensortec GmbH, Honeywell International Inc., First Sensor AG, Rockwell Automation Inc., NXP Semiconductors NV, Siemens AG, ams AG, and STMicroelectronics Inc. The market provides substantial opportunities for new product development and tie-ups with distribution channels. Increasing investments in R&D of advanced calcium formulations is expected to drive future innovations. Technological advancements like improved emulsification techniques has allowed development of calcium supplements with enhanced absorption in the body.
Market drivers
The rising geriatric population susceptible to age-related calcium deficiencies is a major growth driver for the market. Calcium Citrate Malate Market Size According to the UN estimates, the number of people aged 60 years and above will reach nearly 2.1 billion by 2050 from 1 billion in 2019. Moreover, growing health consciousness among people and changing lifestyles have increased the demand for dietary calcium supplements. The increasing number of sports activities and participants have also contributed to the growth of the market.
Current challenges in the Calcium Citrate Malate Market:
The calcium citrate malate market faces challenges in terms of supply chain disruptions and increasing raw material costs. The COVID-19 pandemic has disrupted supply chains globally. Furthermore, fluctuations in prices of raw materials like citric acid and malic acid used for producing calcium citrate malate have increased manufacturing costs. Manufacturers need to focus on improving efficiencies and achieving economies of scale to offset rising input costs.
SWOT Analysis
Strength: Effective calcium absorption due to presence of both citric acid and malic acid. Weakness: Comparatively higher production cost than calcium carbonate. Opportunity: Growth in demand from nutraceutical and food & beverage industries. Threats: Intense competition from alternative calcium supplements.
Geographical Regions:
North America holds the major share of the global calcium citrate malate market, both in terms of value and volume. This is attributed to high health awareness, growing elderly population, and rising consumption of nutritional supplements in the region. Asia Pacific is expected to be the fastest growing market for calcium citrate malate during the forecast period. Expanding middle class, increasing living standards, and growing health consciousness are fueling the demand in countries like China, India, and Japan.
The calcium citrate malate market in Europe is considerably large, centered around Germany, United Kingdom, France, Italy and Spain. Changing lifestyles, growing diet-related health issues, and supportive regulatory environment have been driving sales across European countries. Latin America and Middle East & Africa presently hold relatively lower shares but are projected to witness steady growth opportunities for calcium citrate malate suppliers over the next few years.
*Note:
1.Source: Coherent Market Insights, Public sources, Desk research
2.We have leveraged AI tools to mine information and compile it
Money Singh is a seasoned content writer with over four years of experience in the market research sector. Her expertise spans various industries, including food and beverages, biotechnology, chemical and materials, defense and aerospace, consumer goods, etc.
