April 17, 2024

Calcium Lactate Market Is Headed For Expansion Driven By Increasing Demand For Dietary Supplements

Calcium lactate is a calcium salt of lactic acid. It is an odorless, white powder soluble in water with a refreshing sour taste. The compound is widely used as a supplement for calcium deficiency. Calcium lactate supplementation helps improve bone density and strength by increasing calcium absorption in the body. Growing awareness related to bone health benefits has increased the use of calcium lactate as a dietary supplement. Moreover, calcium lactate provides antimicrobial, pH regulating, and moisturizing properties, thus finding application in personal care products, food and beverages, and other specialized industries.

The Global calcium lactate market is estimated to be valued at US$ 1987.2 Mn in 2024 and is expected to exhibit a CAGR of 2.0% over the forecast period.

Key Takeaways

Key players operating in the calcium lactate market are Amgen Inc., Johnson & Johnson (Janssen Pharmaceuticals), Pfizer Inc., Roche Holding AG, Novartis AG, Biocon Limited, Teva Pharmaceutical Industries Ltd., LG Chem Ltd., Sandoz International GmbH (a subsidiary of Novartis AG), Intas Pharmaceuticals Ltd., Dr. Reddy’s Laboratories Ltd., Celltrion Inc., 3SBio Inc., CJ CheilJedang Corporation, BioSidus SA. The increasing demand for dietary supplements and functional food products is driving the global calcium lactate market. Manufacturers are focusing on strategic expansion in emerging regions such as Asia Pacific and Latin America to tap into new market opportunities.

Growing demand: Rising health consciousness and growing awareness regarding bone health is driving demand for calcium lactate supplements globally. Shifting consumer preferences towards preventive healthcare and nutrition are augmenting the sales of calcium lactate supplements.

Global expansion: Key calcium lactate producers are focusing on strategic partnerships and expansion in emerging economies to cater to the growing demand. For instance, Biocon Ltd expanded its operations in Malaysia in 2022 by setting up a new manufacturing facility which will help expand market presence in ASEAN region.

Market key trends
The Calcium Lactate Market Size  is expected to witness growth driven by increasing application in pharmaceutical formulations and functional foods. Rising focus on developing extended release formulations of calcium lactate supplements to provide all-day nutritional support is a key trend. Manufacturers are introducing new product varieties such as quick dissolve tablets and gummies with additional vitamins to make supplements more appealing for consumers.

Porter’s Analysis
Threat of new entrants: Low barrier to entry due to readily availability of raw materials and technology. However, established players enjoy economies of scale.
Bargaining power of buyers: Moderate as calcium lactate has applications in different industries like food and beverages, pharmaceuticals, animal feed etc. Buyers can negotiate on price.
Bargaining power of suppliers: Moderate. Key raw materials like calcium carbonate and lactic acid have many suppliers globally but suppliers may form syndicates to control prices.
Threat of new substitutes: Low. Calcium lactate is unique and has advantages over substitutes in functions like acid regulation, food preservatives etc.
Competitive rivalry: High. Market is fragmented with global and local players. Players compete on quality, price and innovation.

Geographical Regions
North America is currently the largest market for calcium lactate in terms of value owing to demand from dairy, food and beverage industries. Major calcium lactate manufacturers are based in the US and Canada.
Asia Pacific is expected to be the fastest growing regional market due to increasing meat consumption and demand for cheese products in China and India. Growth in the pharmaceutical industry will also contribute to demand.
Europe is another major consumer of calcium lactate currently due to presence of leading dairy product manufacturers. Germany, France, UK, Italy and Spain account for a major share of the European calcium lactate market.

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