It helps extend the shelf-life of food products. The global Calcium Lactate Market is estimated to be valued at US$ 1725 Mn 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.
Market key trends:
The increasing demand from the food and beverage industry has emerged as one of the key trends fueling the growth of the calcium lactate market. Calcium lactate acts as an acidity regulator and pH balancer in various food products. It is used as a firming agent and coagulant in canned food items, a firming agent in dairy products, and a leavening agent in baked goods. With the rising consumption of packaged and processed foods, food processors are increasingly relying on calcium lactate to improve the texture and extend the shelf life of their products. Furthermore, the growth of the food and beverage industry worldwide has augmented the production and consumption of calcium lactate globally.
Segment Analysis
The Global Calcium Lactate Market Share is segmented by form into powder and liquid. The powder segment dominates the market and accounts for around 60% share. This is because powder calcium lactate has a longer shelf life as compared to the liquid form and is mostly used as food and feed supplements. The powder form is convenient to handle and transport.
Key Takeaways
The global calcium lactate market is expected to witness high growth over the forecast period.
Regional analysis shows that Asia Pacific holds around 35% market share currently and is expected to grow at the highest rate driven by increasing demand from food and pharmaceutical industries in countries like India and China.
Key players operating in the calcium lactate market are Amgen Inc., Dr. Paul Lohmann GmbH, Nexira, Koninklijke DSM N.V., Lanesh Pharma and Tianjiu. Amgen Inc. and Koninklijke DSM N.V. together hold around 25-30% market share currently due to their large product portfolios and global market presence. Calcium lactate is used as a food supplement in major countries of Western Europe, North America and Japan. Its use as a feed supplement for livestock is also increasing in Asia Pacific and Latin America.
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