May 18, 2024

Calcium Lactate Market Is Expected To Be Supported By Growing Demand Of Nutraceutical Products

Calcium lactate is widely used as an additive in food products owing to its nutritional benefits. It is primarily used as a calcium and mineral supplement in dietary products. Calcium lactate can be added to bakery products such as bread to enrich them as it imparts a mild lactose flavor. It is also utilized as a firming agent in canned fruits and vegetables, allowing minimal softening during thermal processing. The global calcium lactate market is estimated to be valued at US$ 1725 million in 2024 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.

The growing demand for nutraceutical products is expected to drive the growth of the calcium lactate market. Calcium lactate is widely utilized as an important ingredient in dietary supplements, infant formulas, and nutraceutical products as it provides both calcium and lactate. According to a study, over half of the American population does not meet the recommended dietary allowance for calcium intake. This has encouraged manufacturers to enrich food products with calcium lactate to address the insufficiency. The increasing health awareness among consumers regarding the role of calcium in bone health and chronic disease prevention is further fueling the demand for calcium lactate enriched food and beverage products.

Market Dynamics:

One of the primary drivers for the calcium lactate market is the growing demand for nutraceutical products as mentioned in the heading. As consumers are increasingly becoming health conscious, there is rising adoption of nutritional supplements, dietary products, and functional foods. Calcium lactate plays a vital role in fulfilling the daily calcium requirement of the body. It also supports intestinal absorption of minerals like magnesium and promotes cardiovascular health. Manufacturers are utilizing this mineral compound to expand their nutraceutical portfolio.

The other key driver for the market growth is the rising applications of calcium lactate as a food additive. It is approved by regulatory bodies worldwide as a safe food ingredient. Calcium lactate effectively enhances the nutritional profile of multiple food types like bakery products, canned foods, and beverages while also acting as a preservative. This wide acceptance of calcium lactate in the food industry has led to augmented production volumes to meet the growing product demand.

Segment Analysis
Calcium Lactate Market Size
is dominated by food & beverage sub-segment, accounting for around 60% of total market share. This is because calcium lactate is widely used as food additive in baked goods, processed meat, and dairy products to improve texture, taste and preservation. It also helps in fortifying foods with calcium. The pharmaceutical sub-segment is another major segment, holding around 25% share due to calcium lactate usage in dietary supplements and antacids.

PEST Analysis
Political: Changes in laws regulating use of food additives and supplements can impact the market. However, increasing focus on fortifying foods will support growth.
Economic: Rising incomes and awareness about nutrition are driving demand for calcium-fortified and functional foods. Growing pharmaceutical industry also aids market expansion.
Social: Growing health consciousness and active lifestyles are propelling demand for calcium-rich and nutritive foods as well as supplements.
Technological: Adoption of advanced production techniques helps market players improve efficiencies and meet stringent purity standards. Continuous research also aids new product development.

Key Takeaways
The global Calcium Lactate market is expected to witness high growth over the forecast period of 2024 to 2031.

Regional analysis: North America dominates with over 30% share owing to high health awareness and demand for fortified functional foods in the region. Europe follows owing to increasing consumption of processed foods. Asia Pacific is expected to witness fastest growth due to rising incomes, urbanization and growing health consciousness.

Key players operating in the Calcium Lactate market are Amgen Inc., Du Pont and Koninklijke DSM NV. Amgen Inc. and Du Pont are market leaders with wide product range and global presence. Koninklijke DSM NV has strong focus on research and new product development. The market is fragmented with presence of several regional players especially in Asia. Market players are focusing on capacity expansion as well as new product launches to leverage opportunities in high growth segments and regions.

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