by Calcium lactate is an inorganic salt that is increasingly being used as a mineral and preservative in food, pharmaceutical, and personal care products. It contains calcium and lactic acid. Calcium lactate is primarily used as a food preservative and acidity regulator, and finds applications in various food products like baked goods, dairy products, confectionery, and packaged foods. In personal care products, it is used in creams, lotions, and other skincare products for its moisturizing properties. The growing healthcare and personal care industries have been driving higher demand for calcium lactate.
The global Calcium Lactate Market is estimated to be valued at US$ 1987.2 Mn in 2023 and is expected to exhibit a CAGR of 2.0% over the forecast period 2024 to 2031, as highlighted in a new report published by Coherent Market Insights.
Market key trends:
The growing demand from the personal care industry remains a key trend propelling the calcium lactate market. Calcium lactate finds wide use in various personal care products such as moisturizers, hand creams, and facial masks due to its skin conditioning properties. It increases hydration of skin by binding water molecules to its structure, lending a smooth texture. Moreover, the mineral calcium helps maintain collagen levels in the skin. Thus, calcium lactate-based products are gaining demand from consumers looking for natural and effective skincare. Expanding personal care product offerings catering to skin nutrition and anti-aging has augmented the uptake of calcium lactate over the past few years.
SWOT Analysis
Strength: Calcium lactate is a direct source of calcium and lactate which nourishes bone health. It helps in maintaining bone mineral density and preventing bone loss due to aging or hormonal changes.
Weakness: Excessive consumption of calcium lactate supplements can cause side effects like constipation, bloating and gas.
Opportunity: Rising health consciousness among people and growing adoption of nutraceuticals provide opportunities for calcium lactate market to expand its application in dietary supplements, functional foods and beverages.
Threats: Availability of alternative sources of calcium like calcium carbonate and easy availability of calcium-rich foods pose threats to calcium lactate market growth. Strict regulations on usage of calcium lactate in food may also restrict its market growth.
Key Takeaways
The global calcium lactate market size is expected to witness high growth over the forecast period attributed to increasing demand for nutraceuticals and functional foods. The global Calcium Lactate Market is estimated to be valued at US$ 1987.2 Mn in 2023 and is expected to exhibit a CAGR of 2.0% over the forecast period 2024 to 2031.
Regional analysis: North America is expected to continue dominating the global calcium lactate market during the forecast period due to increasing geriatric population, growing health concerns and rising spending on preventive healthcare in the region. The Asia Pacific calcium lactate market is anticipated to exhibit fastest growth over the forecast period supported by rising living standards, growing health consciousness and increasing spending on dietary supplements in India and China.
Key players: Key players operating in the calcium lactate market are Amgen Inc., Johnson & Johnson, Pfizer Inc., Roche Holding AG, Novartis AG, Biocon Limited, Teva Pharmaceutical Industries Ltd., LG Chem Ltd., Sandoz International GmbH, Intas Pharmaceuticals Ltd., Dr. Reddy’s Laboratories Ltd., Celltrion Inc., 3SBio Inc., CJ CheilJedang Corporation and BioSidus SA. The market is consolidated with few global players controlling major share. These players are focusing on expansion in high growth markets through strategic collaborations.
