by Calcium lactate is commonly used as a food additive in bakery products, beverages, dairy products, confectionery products and processed meat. It acts as a leavening agent, flavor enhancer, nutrient fortifier and preservative. As a leavening agent, calcium lactate reacts with acids present in dough or batter to produce carbon dioxide gas which helps breads and baked goods rise. It also improves texture and extends shelf-life of packaged foods. The rising demand for convenience and packaged foods has been fueling the growth of calcium lactate market.
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 to 2030, as highlighted in a new report published by Coherent Market Insights.
The calcium lactate market is witnessing significant growth owing to increasing demand from food and beverage industry. Calcium lactate is widely used as a nutrient fortifier in processed foods and beverages to enrich them with calcium. It also helps extend shelf life of packaged foods by lowering moisture content and preventing growth of microorganisms.Growing health consciousness among consumers has been driving the demand for calcium-fortified and nutrient-rich packaged food products, which in turn is boosting the calcium lactate market.
Market Dynamics
Increasing demand from food and beverage industry as highlighted in the heading is one of the major driver of calcium lactate market. Growing health consciousness among consumers has been driving the demand for calcium-fortified and nutrient-rich packaged food products, which in turn is boosting the calcium lactate market. In food industry, calcium lactate acts as a leavening agent, flavor enhancer, nutrient fortifier and preservative. It improves texture and shelf-life of packaged foods. The rising demand for convenience and packaged foods has been fueling the growth of calcium lactate market.
Segment Analysis
The global calcium lactate market is dominated by the food & beverage sub-segment due to high consumption of calcium lactate as a food additive. Calcium lactate is used as a levelling agent, stabilizer and acidity regulator in canned foods, bakery products and processed foods. It allows uniform mixing of ingredients and prevents crystallization. The food & beverage sub-segment accounted for around 60% value share in 2021.
PEST Analysis
Political: There are no significant political risks impacting the calcium lactate market currently.
Economic: The global economy recovered strongly post-pandemic in 2021 and 2022, boosting demand for processed and packaged foods where calcium lactate finds use. Rising incomes in developing nations further spur market growth.
Social: Growing health awareness among consumers is driving demand for calcium-fortified and nutrition-rich foods. This increases focus on calcium lactate as an additive.
Technological: Production process of calcium lactate has remained stable. Research aims to utilize waste materials from the dairy industry as precursors to lower costs and make the process more sustainable.
Key Takeaways
Global Calcium Lactate Market Size is expected to witness high growth over the forecast period of 2023 to 2030 supported by rising incomes, growing health awareness and demand for processed foods. 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 to 2030.
The Asia Pacific region dominated with around 45% value share in 2024 led by countries like China, India and Japan. The Asia Pacific region is projected to remain the fastest growing regional market during the forecast period due to rising middle class population, urbanization and westernization of diets in countries like China, India and Indonesia.
Key players operating in the calcium lactate market are Amgen Inc. Amgen Inc has leading market share with wide distribution network and diverse product portfolio of calcium lactate used extensively in food applications.
*Note:
1. Source: Coherent Market Insights, Public sources, Desk research
2. We have leveraged AI tools to mine information and compile it
Money Singh is a seasoned content writer with over four years of experience in the market research sector. Her expertise spans various industries, including food and beverages, biotechnology, chemical and materials, defense and aerospace, consumer goods, etc.
