by 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 supplement that provides calcium and vitamin C in a chelated form for enhanced absorption. It is commonly used to prevent and treat bone diseases like osteoporosis. Calcium citrate malate supplements offer several advantages like improved calcium absorption compared to other forms, supplementing calcium and vitamin C together, and supporting bone and dental health. The growing prevalence of osteoporosis and other bone diseases worldwide has increased the demand for calcium and vitamin supplements like calcium citrate malate.
Market key trends:
Calcium citrate malate is witnessing increased demand mainly due to the rising geriatric population who are more prone to bone diseases. As per WHO, the world’s population aged 60 years and older is projected to grow from 900 million to 2 billion between 2015 and 2050. Osteoporosis is also a major healthcare issue among the elderly. This surging geriatric demographic is expected to drive the growth of the calcium citrate malate market over the forecast period. Furthermore, growing health consciousness among consumers and rising adoption of preventive healthcare have augmented the uptake of nutritional dietary supplements like calcium citrate malate to maintain optimal bone health.
Porter’s Analysis
Threat of new entrants: The Calcium Citrate Malate market requires substantial investment for R&D and manufacturing. Established global players dominate the production and supply chain making entry difficult for new players.
Bargaining power of buyers: The buyers have moderate bargaining power due to availability of substitutes. However, health benefits of calcium citrate malate give it an edge over substitutes.
Bargaining power of suppliers: The suppliers have moderate bargaining power due to availability of raw material sources. However, industry leaders have long-term contracts with suppliers maintaining stability of prices.
Threat of new substitutes: Substitutes include other calcium and mineral supplements but they lack the dual benefits of calcium and malic acid offered by calcium citrate malate.
Competitive rivalry: The Calcium Citrate Malate Market Growth is moderately competitive with focus on R&D and new product launches.
SWOT Analysis
Strengths: High bioavailability making it easily absorbed in the body. Dual benefits of calcium and malic acid promotes bone and muscle health.
Weaknesses: Higher production costs compared to substitutes. Supply chain disruptions affect prices.
Opportunities: Rising health consciousness is increasing demand for specialty nutritional supplements. Growth in food & beverage fortification offers new areas of usage.
Threats: Slow international trade during economic downturns. Stringent regulations on supplementation levels in different regions.
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 prevalence of osteoporosis and musculoskeletal disorders. The North American region dominates the market currently owing to nutritional awareness and supplement consumption. The Asia Pacific region is expected to grow at fastest rate due to rising middle class population and their expenditure on healthcare and wellness in countries like China, India.
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. The players are focusing on new product launches, expansions and collaborations to gain market share.
*Note:
1. Source: Coherent Market Insights, Public sources, Desk research
2. We have leveraged AI tools to mine information and compile it
