by Calcium citrate malate is a calcium supplement that contains malic acid and citric acid along with calcium. It helps in the better absorption of calcium in the body as compared to other calcium supplements. The addition of malic acid and citric acid allows calcium to remain in soluble form for better absorption. Calcium citrate malate is majorly used as a dietary supplement to prevent and treat osteoporosis. The growing prevalence of osteoporosis across the globe is fueling the demand for calcium supplements including calcium citrate malate.
The global Calcium Citrate Malate Market is estimated to be valued at US$ 334.08 Mn in 2023 and is expected to exhibit a CAGR of 8.4% over the forecast period 2024 to 2031, as highlighted in a new report published by Coherent Market Insights.
Market key trends:
The growing demand for dietary supplements to treat osteoporosis is the major trend driving the calcium citrate malate market. Osteoporosis causes bones to become weak and fragile making them prone to fractures. According to the International Osteoporosis Foundation, globally one in three women over 50 will experience osteoporotic fractures, as will one in five men. Calcium citrate malate acts as an effective supplement for preventing and slowing bone loss. It ensures better calcium absorption in the body and strengthens bone mineral density, thereby reducing the risk of fractures in osteoporosis patients. Thus, increasing prevalence of osteoporosis worldwide will continue to accelerate the demand for calcium citrate malate over the forecast period.
SWOT Analysis
Strength: Calcium citrate malate has a high calcium absorption rate. It is considered a safe and easily absorbable form of calcium supplement.
Weakness: Calcium citrate malate supplements are more expensive than other calcium supplements like calcium carbonate. They also have a shorter shelf life compared to other options.
Opportunity: The growing aging population and increasing health awareness about maintaining bone health is driving the demand for calcium supplements. This provides an opportunity for the calcium citrate malate market.
Threats: The availability of cheaper calcium carbonate supplements acts as a threat. Strict regulations regarding supplement manufacturing can also impact the market.
Key Takeaways
The global calcium citrate malate market size is expected to witness high growth over the forecast period of 2024 to 2031. The market size for 2024 is estimated to be US$ 334.08 Mn, with a CAGR of 8.4% during the forecast period.
Regional analysis: North America currently dominates the calcium citrate malate market due to growing health consciousness. The Asia Pacific region is expected to grow at the fastest pace attributed to rising disposable incomes and expanding healthcare infrastructure.
Key players: 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.
Key players are focused on expanding their product portfolio and global presence through strategic initiatives. The market is expected to grow steadily over the forecast period.
