by The global Calcium Citrate Malate market is estimated to be valued at US$ 290 million in 2023 and is expected to exhibit a CAGR of 7.6% over the forecast period 2023-2030, as highlighted in a new report published by Coherent Market Insights.
Market Overview:
Calcium citrate malate is a calcium supplement that provides calcium and malic acid. It is more soluble and absorbable than other calcium supplements. The malic acid facilitates better absorption of calcium in the body. Calcium is essential for building and maintaining strong bones and teeth. The need for calcium supplementation is increasing globally due to rising osteoporosis and bone related issues.
Market key trends:
One of the key trends in the calcium citrate malate market is the increasing preference for vegetarian and vegan supplement options. With the rise of plant-based diets and lifestyles, the demand for vegetarian calcium supplements has been growing significantly. Calcium citrate malate is derived from vegetarian sources like fruits making it a suitable option for vegetarians and vegans. Manufacturers are focusing on developing innovative vegetable based calcium citrate malate formulations to cater to this growing consumer segment. Moreover, innovative delivery formats like gummies and chews are also gaining traction as they appeal to both kids and adults.
Segment Analysis
The global Calcium Citrate Malate Market Growth can be segmented based on form, grade, application, and region. In terms of form, the powder segment dominated the market in 2023 and is expected to maintain its dominance over the forecast period due to easy storage and handling properties. In terms of grade, food grade calcium citrate malate accounted for over 60% market share in 2023 due to increasing demand from food & beverage industry. Major applications of calcium citrate malate include food & beverage, healthcare & personal care, and other industrial uses. The food & beverage segment is anticipated to grow at the highest CAGR during the forecast period.
Key Takeaways
The global calcium citrate malate market size was valued at US$ 290 million in 2023 and is expected to witness high growth, exhibiting a CAGR of 7.6% over the forecast period, due to increasing demand from food & beverage industry and growing health-conscious population.
By region, North America accounted for the largest market share of around 35% in 2023. The growth of the regional market can be attributed to rising consumption of functional food & beverages and supplements. Asia Pacific is anticipated to witness the fastest growth, expanding at a CAGR of around 9% during 2023-2030 due to growing middle-class population and increasing per capita expenditure on healthcare & wellness products in countries like India and China.
Key players operating in the calcium citrate malate market are Jungbunzlauer, Gadot Biochemical Industries, Sucroal, Dr. Paul Lohmann, Global Calcium, TATE & LYLE, American Elements, Triveni Chemicals, A.B. Enterprises, Nikunj Chemicals, Advait Industries, Anmol Chemicals, Krishna Chemicals, AMS biotechnology, Henan Honghui Biotechnology. Major players are focusing on new product launches, expansion into emerging markets and strategic collaborations & partnerships to gain a competitive edge in the market.
*Note:
1. Source: Coherent Market Insights, Public sources, Desk research
2. We have leveraged AI tools to mine information and compile it
