The global Calcium Lactate Market plays an important role in animal feed as calcium lactate helps provide calcium and lactic acid in animal feed and milk replacers. It is used as a source of calcium and lactic acid in animal feed as well as in various other applications like food and beverages, pharmaceutical, cosmetics, etc. due to its availability at economic prices when compared to other calcium salts.
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.
Market key trends:
One of the major trends driving the growth of the calcium lactate market is the rising demand from the animal feed industry. Calcium lactate finds wide application in animal feed such as cattle, dairy, poultry, and other livestock feed as it provides essential calcium and lactic acid. It enhances calcium absorption in animals and is soluble and readily digestible. The growing meat consumption around the world and the rising demand for dairy products have been boosting the consumption of calcium lactate in animal feed applications.
SWOT Analysis
Strength: Calcium lactate is a food supplement recommended by health experts. It helps support bone health and muscle function. Calcium lactate has high bioavailability compared to calcium carbonate.
Weakness: Manufacturers face stringent regulations on food product quality and claims regarding health benefits. Some consumers prefer liquid calcium supplements over tablet forms.
Opportunity: Rising health awareness drives demand for functional foods and supplements. The aging population needs more calcium, vitamin D and minerals for bone health. Expanding food & beverage industry offers scope to develop fortified products.
Threats: Changing consumer preferences towards plant-based and herbal supplements pose competition. High costs of research and marketing make it difficult for small players to invest and grow.
Key Takeaways
The Global Calcium Lactate Market Size is expected to witness high growth over the forecast period driven by increasing consumer focus on health, nutrition and wellness. The food & beverage industry is a major end-user, utilizing calcium lactate as a functional food ingredient. 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.
North America currently dominates global demand for calcium lactate owing to high health awareness and growing consumption of nutritional and dietary supplements. The aging population in countries like the US and Canada drives demand for bone and joint health products.
Key players operating in the calcium lactate market include Amgen. Manufacturers are investing in new product development and innovations to expand application industries. They focus on marketing calcium lactate’s nutritional benefits for bone, heart and muscle health. New fortified food launches and custom blends as per customer requirements can boost market opportunities.
*Note:
1. Source: Coherent Market Insights, Public sources, Desk research
2. We have leveraged AI tools to mine information and compile it