It is commonly used as an ingredient in bone and muscle health supplements due to its dual benefits of calcium fortification and decreased risk of kidney stones.
The global Calcium Citrate Malate Market is estimated to be valued at US$ 290 Mn in 2023 and is expected to exhibit a CAGR of 7.6% over the forecast period 2023 to 2030, as highlighted in a new report published by Coherent Market Insights.
Market key trends:
The increasing demand for bone and muscle health supplements from geriatric population and athletes is the major factor driving the growth of calcium citrate malate market. Aging leads to decrease in bone mineral density and increased risk of fractures. Similarly, regular athletic training puts stress on muscle tissues and increases demand for calcium and magnesium. Calcium citrate malate supplements help meet the daily calcium requirement and support muscle and bone recovery. Manufacturers are focused on developing calcium citrate malate formulations targeted for the elderly and sports nutrition segments, which is expected to support the market growth over the forecast period.
Segment Analysis
The global calcium citrate malate market is dominated by the pharmaceutical segment. Calcium citrate malate is widely used as dietary supplements for calcium and malic acid deficiency. It is preferred over calcium carbonate as calcium citrate malate has higher bioavailability and is easily absorbed in the body.
Key Takeaways
The Global Calcium Citrate Malate Market Size is expected to witness high growth over the forecast period of 2023 to 2030. The market is projected to grow at a CAGR of 7.6% during the forecast period. By 2030, the market size is estimated to reach around US$ 520 Mn, growing from US$ 290 Mn in 2023.
Regional analysis
North America region currently dominates the global calcium citrate malate market. High health awareness and growing adoption of dietary supplements for bone and joint health are major factors driving demand. Asia Pacific is expected to be the fastest growing market during the forecast period. Rising middle-class population and increase in income levels are fueling demand for dietary supplements in the region.
Key players
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. Jungbunzlauer is the global market leader with wide geographic presence and product portfolio. Other prominent players are focusing on new product development and expanding to emerging regions.
Get More Insights On This Topic: https://www.newsstatix.com/citrate-malate-market-size-share-analysis-2023-2030/
Comments
0 comment