The Calcium Citrate Malate Market Is Estimated To Witness High Growth Owing To Wide Applications & Widening End User Scope
The Calcium Citrate Malate Market Is Estimated To Witness High Growth Owing To Wide Applications & Widening End User Scope
The 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 derived from citric acid and l-malic acid. It is an odorless white powder that is considered highly bioavailable, leading to higher calcium absorption compared to other supplements. Calcium citrate malate helps support bone mineralization and plays a role in multiple metabolic functions and neuromuscular events. It is widely used as a dietary supplement for individuals looking to maintain bone and dental health.

Market Dynamics:
The calcium citrate malate market is expected to grow at a steady rate over the forecast period, driven by its diverse applications across industries such as pharmaceuticals, nutraceuticals, food & beverages among others. There is a growing consumer preference for calcium supplements with higher bioavailability to ensure proper calcium absorption. Calcium citrate malate, with its organic acid matrix structure, ensures nearly complete calcium absorption compared to calcium carbonate. Furthermore, widening end user scope such as bone health conscious middle-aged population, sportspersons and individuals with intestinal conditions is also fueling the demand for calcium citrate malate supplements. However, factors such as fluctuating raw material prices may hamper the market growth over the forecast period.
Segment Analysis
The global Calcium Citrate Malate Market Growth is dominated by the pharmaceutical grade segment. Calcium citrate malate finds wide application in dietary supplements and pharmaceuticals owing to its ability to enhance calcium absorption in the body. The pharmaceutical grade segment accounts for over 60% of total sales as calcium citrate malate is used as an active ingredient in calcium supplements or antacids.

PEST Analysis
Political: The market is positively impacted by favorable regulations supporting the use of calcium citrate malate in pharmaceuticals and dietary supplements.
Economic: The rising disposable incomes along with growing health consciousness among consumers is driving demand for calcium fortified foods and supplements.
Social: Increased awareness about osteoporosis and bone health issues has augmented the consumption of calcium supplements, benefitting market growth.
Technological: Advances in ingredient purification technologies have improved the quality and shelf-life of calcium citrate malate products.

Key Takeaways

The global calcium citrate malate market is expected to witness high growth, exhibiting CAGR of 7.6% over the forecast period, due to increasing focus on bone and joint health. The market size is projected to reach US$ 500 million by 2030.

Regional analysis: North America dominates the calcium citrate malate market currently due to high consumer spend on healthcare and supplements. However, Asia Pacific is identified as the fastest growing regional market with China and India emerging as major consumers.

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. Key players are focusing on new product launches as well as capacity expansion strategies to gain higher market share.

 

 

Read More: https://www.rapidwebwire.com/calcium-citrate-malate-market-size-and-share/

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