It is commonly used as an additive in supplements, processed food, and feed for its preservative, pH control, nutrients, and texturizer functions. Calcium lactate finds extensive utilization in food such as bakery products, infant food, processed meat, and carbonated beverages to improve texture, water absorption, rising property, and shelf life stability. It reduces acidity and helps maintain the pH levels of canned food, dairy items and baked goods.
The global Calcium Lactate Market is estimated to be valued at US$ 1725 Mn in 2023 and is expected to exhibit a CAGR of 2.0% over the forecast period 2023-2030, as highlighted in a new report published by Coherent Market Insights.
Market key trends:
One of the key trends driving the growth of the calcium lactate market is its increasing use as a food additive. Strict regulations pertaining to food preservatives and additives in several countries have led to higher demand for natural and clean label ingredients like calcium lactate. It acts as a clean label acidity regulator and pH control additive in numerous food applications. Moreover, the rise of the nutraceuticals industry coupled with escalating demand for dietary supplements fortified with calcium and other minerals has boosted the consumption of calcium lactate. Manufacturers are also innovating new product forms such as calcium lactate gluconate to enhance solubility and suitability for various food items, which is further propelling the market growth.
Segment Analysis
The global calcium lactate market is segmented on the basis of form and application. Under form, the dry segment dominates the market owing to its longer shelf life and cost-effectiveness compared to liquid calcium lactate. Dry calcium lactate is largely used in nutritional supplements and food fortification applications.
Key Takeaways
The global calcium lactate market is expected to witness high growth. The global Calcium Lactate Market is estimated to be valued at US$ 1725 Mn in 2023 and is expected to exhibit a CAGR of 2.0% over the forecast period 2023-2030.
North America currently dominates the calcium lactate market owing to the rising health consciousness and increased consumption of nutritional supplements. However, Asia Pacific is expected to be the fastest growing market for calcium lactate due to the growing food and beverages industry and rising disposable income in countries like China and India. Factors such as changing lifestyle, rising health awareness along with increasing consumer spending on functional food and supplements will drive the calcium lactate market in Asia Pacific.
Key players related content comprises: Key players operating in the calcium lactate market are Amgen, AvroBio, Moderna, Novartis, Pfizer. Amgen is one of the leading players in the calcium lactate market. The company offers a wide range of calcium lactate products for various applications in the food and pharmaceutical industries. Moderna specializes in messenger RNA therapeutics and vaccines. It is working on the development of mRNA-based vaccines for infectious diseases and several therapeutic areas.
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