July 13, 2024

Calcium Citrate Malate projected to boost the growth of Calcium Citrate Malate Market

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 Overview:
Calcium citrate malate is a complex form of calcium and malic acid used as a dietary calcium supplement. It is highly absorbable in the body and helps improve bone health and calorie absorption. The market has seen increased demand due to growing health consciousness among consumers and rising cases of osteoporosis worldwide. Calcium citrate malate supplements are available in the form of tablets, capsules and powders that provide calcium along with the benefits of malic acid.

Market key trends:
One of the key trends in the market is rising demand from the food and beverage industry. Calcium citrate malate is increasingly being used as a fortificant in various foods and beverages to provide calcium and support bone health. Growing older population across regions is also driving the need for calcium supplements in the form of calcium citrate malate. Asia Pacific region is witnessing faster growth owing to rising health problems, growing disposable incomes and awareness. Technological advancements to develop enhanced delivery systems of calcium citrate malate supplements is another trend expected to support the market growth over the forecast period.
Porter’s Analysis
Threat of new entrants: New entrants face high capital requirements to build manufacturing plants and obtain regulatory approvals. Bargaining power of buyers: The calcium citrate malate market has numerous buyers but individual buyers have low bargaining power due to availability of substitutes. Bargaining power of suppliers: Key raw materials suppliers have moderate bargaining power due to availability of substitutes. Threat of new substitutes: Other dietary supplements pose threat of substitution due to availability of substitutes in the market. Competitive rivalry: The global calcium citrate malate market is fragmented with presence of numerous international and domestic players.

Key Takeaways

The Global Calcium Citrate Malate Market Size is expected to witness high growth, exhibiting CAGR of 7.6% over the forecast period, due to increasing health awareness among consumers.

North America dominates the global calcium citrate malate market followed by Europe and Asia Pacific. North America holds more than 35% of market share owing to increasing demand for dietary supplements in the region. Asia Pacific exhibits fastest growth rate owing to shifting dietary patterns and growing health consciousness among Chinese and Indian 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 focus on new product development and expansion strategies to strengthen their global footprint.

*Note:
1. Source: Coherent Market Insights, Public sources, Desk research
2. We have leveraged AI tools to mine information and compile it