by Market Overview:
Calcium lactate is a salt formed between calcium ions and lactic acid. It is usually available as a white crystalline powder or granules. Calcium lactate is commonly used in food and feed industry as a leavening agent, acidity regulator and firming agent. It is used to enhance the flavor and texture of bakery products, dairy products, processed meat and nutritional supplements.
Market Dynamics:
The increased applications of calcium lactate in food and feed industry is expected to boost the market growth over the forecast period. Calcium lactate is able to solubilize calcium and maintain its bioavailability in processed food products. It improves texture and extends shelf life of bakery products and processed meat. The rising meat consumption especially in developing nations has increased the demand for processed meat and animal feed, which in turn is supporting the calcium lactate market growth. Additionally, growing health consciousness among consumers regarding calcium intake through dietary supplements and functional foods has further augmented the product demand. However, availability of substitutes such as calcium citrate and few regulatory challenges pertaining to use of calcium lactate in certain food categories may hamper the market growth during the forecast period.
The global Calcium Lactate Market Demand is estimated to be valued at US$ 1725 Mn in 2023 and is expected to exhibit a CAGR of 2.5% over the forecast period 2023 to 2030, as highlighted in a new report published by Coherent Market Insights.
SWOT Analysis
Strength: Calcium lactate provides calcium and protein to the human body in a soluble form, which makes it easy to digest. It helps enhance bone and teeth health. It is widely used as a food additive and supplement.
Weakness: Overconsumption of calcium lactate can lead to digestive issues like constipation, bloating and gas. The manufacturing process of calcium lactate requires strict compliance with quality and safety standards to avoid any contamination.
Opportunity: The rising health consciousness among consumers is driving the demand for nutraceutical and food supplements. The growing food and beverage industry is expected to propel the use of calcium lactate as an additive.
Threats: Stringent regulatory norms regarding the use of food additives pose a challenge for market players. Fluctuations in the prices of raw materials needed for producing calcium lactate can impact the overall production cost.
Key Takeaways
The global calcium lactate market is expected to witness high growth, exhibiting CAGR of 2.5% over the forecast period, due to increasing demand from the nutraceutical industry. The market size is projected to reach US$ 2053 million by 2030 from US$ 1725 million in 2023.
Regional analysis:
Asia Pacific dominates the global calcium lactate market and is expected to continue its dominance over the forecast period. This can be attributed to the growing nutraceutical and food industries in emerging countries such as India and China. The growing health awareness among the large population base is supporting the demand for calcium supplements.
Key players:
Key players operating in the calcium lactate market include Accion S.A., Cargill Incorporation, Jost Chemical Co., Nutrena, Tyson Food Inc., Anheuser-Busch InBev NV, Corbion, Henan Jindan Lactic Acid Technology Co Ltd., Land O’Lakes Inc., Provimi, Shenzhen Esun Industrial Co., Ltd., Shaanxi Sciphar Hi-Tech Industry Co. These players are focusing on new product launches and capacity expansions to strengthen their market presence.
Note:
1. Source: Coherent Market Insights, Public sources, Desk research
2. We have leveraged AI tools to mine information and compile it
