Calcium Lactate Market Size, Industry Analysis Report, Regional Outlook, Application Development Potential, Price Trends, Competitive Market Share & Forecast, 2021 – 2027
Report ID: GMI1487
Global calcium lactate market size is elevating and is projected to witness moderate CAGR during the forecast period. Calcium lactate market is primarily driven by health care industry due to its extensive application in preparing calcium supplements. They are primarily used to prevent conditions caused by low blood calcium levels including osteoporosis, rickets, etc. Healthcare industry is protruding and is predictable to grow at a CAGR of over 7% during the forecast period. Henceforth, it is expected to positively influence the calcium lactate market size in the coming years.
The product is used as a food additive in a variety of food products including bakery, dairy products, etc. in the food & beverage industry. It is beneficial in enhancing firmness of products and thus extending their shelf life. Food & beverage industry is thriving and is forecast to grow at a CAGR of over 6% during the forecast period. It is likely to contribute towards propelling calcium lactate market size over the projected timeframe.
Calcium lactate market has wide range of applications in cosmetic industry due to its valuable properties including eco-friendliness, non-toxicity, non-hazardous etc. It is extensively used in the preparation of moisturizer. Cosmetics industry is protruding and is forecast to grow at a CAGR of over 4% during forecast period, which will eventually have positive impact on the global calcium lactate market size in the coming years. It is also used as acidity regulator in various end-user industries including food & beverage, agriculture/animal feed and pharmaceuticals.
Availability of better substitutes including sodium lactate and potassium lactate are likely to hamper calcium lactate market size during the forecast period. However, increasing environmental regulations across the globe towards promoting usage of environment friendly products is expected to generate ample of opportunities for calcium lactate market share in the coming years. Also, increasing product application as food additive is expected to create plentiful opportunities for calcium lactate market size in future.
Calcium lactate market share is segmented based on various applications into health & nutrition, food additive, cosmetics, and others. Health & nutrition segment led the global industry in 2016 due to increasing calcium deficiency in people. It is due to improper life styles and dieting trends, thereby resulting in calcium deficiency. These supplements are produced to fulfil the desired need of calcium in body to avoid weak bones in longer term. With flourishing growth across health & nutrition industry, it is expected to have growing calcium market size over the projected timeframe. The product has applications as food additives in extending shelf life of bakery, dairy products, etc. Consistent growth in food & beverage across globe is likely to have positive impact on calcium lactate market size in the coming future.
Calcium lactate market share has applications in preparing wide range of products including moisturizer, shampoos, cleansing products, hair dyes, colour, and other skin care products. It has extensive application in cosmetics industry due to its non-toxic and non-hazardous nature. With changing life styles in developing countries along with improving customer spending pattern towards personal wellbeing, cosmetic industry is escalating and is likely to make significant contribution towards propelling calcium lactate market size in the coming years.
Regionally, Asia Pacific has captured the maximum calcium lactate market share in 2016. Due to availability of inexpensive labour, countries including India and China, have numerous product manufacturing units. Henceforth, has led to maximum contribution towards calcium lactate market size across the globe. Increasing product demand due to its extensive applications in cosmetics industry will be a prime contributor towards growing calcium lactate market size in Asia Pacific in the coming years.
Key global calcium lactate market share contributors are Accion S.A., Cargill Inc., Galactic, Jost Chemical Co., Nutrena, Tyson Food Inc., Anheuser-Busch InBev NV, Corbion, Henan Jindan Lactic Acid Technology Co Ltd., Land O'Lakes Inc., Provimi, Shenzhen Esun Industrial Co., Ltd., Shaanxi Sciphar Hi-Tech Industry Co., Ltd., Qingdao Health Food Co., Ltd., Xian Aladdin Biological Technology Co., Ltd., etc. Most of these players have presence across other segments of value chain. For instance, players based in China namely Qingdao Health Food Co., Ltd., Xian Aladdin Biological Technology Co., Ltd are extensively involved in manufacturing and trading calcium lactate across the globe.
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