The Calcium Lactate market comprises calcium lactate as ingredients that are widely used in a variety of industries such as food and pharmaceuticals and animal feed. Calcium lactate contains calcium and lactic acid that makes it easily absorbed by the body and provides essential minerals. It has applications as a preservative in processed meat products and dairy products. It also provides alkalinity that balances acidity levels.
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 1.7% over the forecast period 2024 To 2031
Key Takeaways
Key players operating in the Calcium Lactate 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 growing demand from the animal feed and food industries is contributing to the growth of the Calcium Lactate market. The rising global population along with increasing meat consumption has fueled the demand for calcium lactate from the animal feed industry globally. Manufacturers are expanding their production facilities globally to cater to the rising demand from emerging markets.
Market Key Trends
One of the key trends in the Calcium Lactate Market Growth is the increasing usage of calcium lactate as a Mineral and Acidulant in Animal feed. Calcium lactate acts an easily digestible source of calcium for poultry, ruminants, and swine. It plays a key role in bone development, enzyme activation, blood clotting, nerve transmission, and muscle contraction.
The ban on antibiotic growth promoters in the European Union has increased the demand for calcium lactate as a substitute. It enhances feed efficiency and digestibility along with stimulating appetite and weight gain in animals. This increasing demand from the animal feed industry is expected to drive the growth of the Calcium Lactate market over the forecast period.
Porter’s Analysis
Threat of new entrants: The Calcium Lactate Market Size and Trends is moderately difficult to enter given established manufacturers and regulatory approvals required.
Bargaining power of buyers: Buyers have moderate bargaining power due to availability of substitutes and fragmented nature of buyers.
Bargaining power of suppliers: Suppliers have moderate bargaining power owing to differentiated nature of raw materials and established supplier relationships of manufacturers.
Threat of new substitutes: Threat of substitutes is moderate as calcium lactate has applications in food, pharmaceutical and other industries.
Competitive rivalry: The competitive rivalry is high among the key global players owing to their established positions and product differentiation.
Geographical Regions
North America region dominates the global calcium lactate market in terms of value owing to high demand from food, pharmaceutical and personal care industries in the region.
The Asia Pacific region is expected to be the fastest growing region for the calcium lactate market during the forecast period due to rising consumer incomes, growing population, and increasing health awareness in emerging economies such as China and India.
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*Note:
1. Source: Coherent Market Insights, Public sources, Desk research
2. We have leveraged AI tools to mine information and compile it
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