April 23, 2024

Calcium Lactate Market Is Estimated To Witness High Growth Owing To Rising Demand From Food Industry

Calcium Lactate is a compound widely used as a nutritional supplement, preservative and acidity regulator in various food products such as dairy products, baked goods, confectionery and meat products owing to its functional properties such as microbial control, acidity control, texture improvement and salt substitute. Calcium Lactate helps improve shelf life of products by preventing the growth of microorganisms. It also acts as a texture enhancer which improves the mouthfeel of various food items. With growing demand for clean label products, Calcium Lactate has emerged as a natural alternative to chemical preservatives.

The global Calcium Lactate market is estimated to be valued at US$ 1987.2 Mn in 2024 and is expected to exhibit a CAGR of 2.0% over the forecast period 2024 to 2030.

Key Takeaways
Key players operating in the Calcium Lactate market are Amgen Inc., Johnson & Johnson (Janssen Pharmaceuticals), Pfizer Inc., Roche Holding AG, Novartis AG, Biocon Limited, Teva Pharmaceutical Industries Ltd., LG Chem Ltd., Sandoz International GmbH (a subsidiary of Novartis AG), Intas Pharmaceuticals Ltd., Dr. Reddy’s Laboratories Ltd., Celltrion Inc., 3SBio Inc., CJ CheilJedang Corporation, BioSidus SA.

The calcium lactate market is expected to witness lucrative opportunities owing to rising demand from food industry, expanding application scope in animal feed and technological advancements resulting in development of calcium lactate based nutritional supplements.

With growing focus on preventive healthcare, manufacturers are developing calcium lactate based supplements for bone and dental health which is expected to propel the market growth over the forecast period.

Market Drivers
Rising health consciousness among consumers is one of the major driver for calcium lactate market. Calcium lactate acts as an important source of calcium required to strengthen bones and teeth. Growing middle class population coupled with increased disposable income has boosted the demand for nutritious dairy products, baked goods and other food items where calcium lactate is widely used. This is augmenting the growth of global calcium lactate market.

Current challenges in Calcium Lactate Market
The Calcium Lactate Market Growth is facing numerous challenges currently which can hinder its growth potential during the forecast period. Some of the major challenges include rising raw material price volatility, supply chain disruptions caused due to geo-political issues, and shortage of labor & workforce. The COVID-19 pandemic has further exacerbated these challenges and impacted the market negatively in short-term. Stringent regulations associated with the usage of Calcium Lactate along with difficulty in obtaining certification can also restrict the expansion opportunities for market players.

SWOT Analysis
Strength: Wide application in food & beverage, pharmaceutical and other industries. Acts as a source of calcium and lactate.
Weakness: High dependence on agricultural commodity prices which leads to price volatility. Significant R&D investment required for new product development.
Opportunity: Growing health-conscious population boosting the demand for nutritive and dietary supplements. Emerging applications in personal care and cosmetics industry.
Threats: Stringent regulations associated with the usage of preservatives. Easy availability of substitute products.

Geographical Regions
North America dominated the global Calcium Lactate market in terms of value in historical year. This was majorly attributed to high demand from food & beverage industry in the region. Asia Pacific is expected to emerge as the fastest growing region during the forecast period supported by increasing health spending, rising disposable income, and growing consumption in China and India.

Fastest growing region
Asia Pacific region is projected to witness the highest growth in the global Calcium Lactate market during the forecast period. This can be accredited to expansion of dietary supplement manufacturing base in China and India coupled with rising population and improving economic conditions. Additionally, increasing usage of Calcium Lactate as a nutritional supplement for bone health in Asian countries is likely to drive the regional market.

*Note:
1. Source: Coherent Market Insights, Public sources, Desk research
2. We have leveraged AI tools to mine information and compile it