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 calcium supplement which contains calcium, citric acid and malic acid in chelated form. It has better absorption properties than other calcium supplements owing to its chelated structure. It is widely used in dietary supplements, functional foods and beverages to fulfill the daily calcium requirement of the body. With rising health concerns, calcium citrate malate is also finding applications in nutraceuticals and medicines.
Market Dynamics:
Growing demand for dietary supplements: Dietary supplements containing calcium citrate malate are witnessing substantial demand due to increasing awareness about bone health, easy absorption and minimal side effects. As per studies, over 50% of population is deficient in calcium leading to greater adoption of calcium supplements worldwide.
Rise in health conscious population: There is a rising trend of opting for proactive healthcare approach globally. Consumers are spending more on fitness, wellness and dietary supplements to maintain health. This is contributing to the growth of calcium citrate malate which provides calcium in natural chelated form for better nutrient uptake.
SWOT Analysis:
Strength: Calcium Citrate Malate Market Growth has high bioavailability and is easily absorbed in the body. It helps in improving bone health and muscle contraction. It is considered safe for consumption and aids in controlling blood pressure.
Weakness: Manufacturing of Calcium Citrate Malate requires complex production methods. Significant R&D investments are required to develop efficient production techniques. Compliance with stringent food safety regulations increases production costs.
Opportunity: Rising health consciousness among consumers is driving the demand for nutritional and dietary supplements. Growth of functional food and beverage industry especially in developing nations also provides growth opportunities.
Threats: Availability of alternative calcium supplements acts as a major threat to Calcium Citrate Malate. Fluctuations in raw material prices can challenge profitability.
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 health consciousness among consumers. Rising income levels allow people to spend more on premium health and wellness products.
Regional analysis The North America region currently dominates the global Calcium Citrate Malate market owing to increasing consumption of dietary supplements. Asia Pacific is expected to witness fastest growth due to rising health expenditure and growing middle class population in countries like China and India. Large customer base in the region provides huge market potential for supplements manufacturers.
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 are focusing on capacity expansion and new product launches catering to nutrition segment.
*Note:
1. Source: Coherent Market Insights, Public sources, Desk research
2. We have leveraged AI tools to mine information and compile it