Calcium lactate is a calcium salt of lactic acid used as a food additive. It acts as an acidity regulator and buffering agent in food products. Calcium lactate suppports bone health and provides calcium necessary for cardiovascular and muscular functions. It extends the shelf life and stability of food products.
The global Calcium lactate Market is estimated to be valued at US$ 1987.2 Mn in 2023 and is expected to exhibit a CAGR of 2.0% over the forecast period 2024 to 2031, as highlighted in a new report published by Coherent Market Insights.
Market key trends:
The increasing use of calcium lactate in the food industry is one of the major trends driving the growth of the market. Calcium lactate is extensively used as a food additive in canned vegetables, fruits, juices, baked goods, dairy products and others. It regulates acidity levels and acts as a pH balancer and buffering agent in various food items. The rising demand for processed and packaged food owing to busy lifestyle and changing dietary habits has contributed to the increasing consumption of calcium lactate as a food additive. Moreover, calcium lactate improves the nutritional profile of food products by fortifying them with calcium. This addresses mineral deficiency concerns and enhances product appeal among health-conscious consumers. The growth of the food industry globally is expected to augment the demand for calcium lactate over the forecast period.
Segment Analysis
The global calcium lactate market size is dominated by the food sub-segment. Calcium lactate is widely used as a food additive in bakery products, canned foods, cereals, chocolate, confectionery, meat products, etc. to improve textural and organoleptic properties. As a food additive, it acts as a leavening agent, moisturizer, firming agent, stabilizer, and preservative. It maintains freshness and texture while increasing the shelf life of various foods. The increasing demand for convenience and packaged food products has been the major factor supplementing the growth of this sub-segment.
Key Takeaways
The global Calcium Lactate market is expected to witness high growth. The global Calcium lactate Market is estimated to be valued at US$ 1987.2 Mn in 2023 and is expected to exhibit a CAGR of 2.0% over the forecast period 2024 to 2031.
The Asia Pacific region is expected to be the fastest growing as well as dominating region. This can be attributed to the increasing demand for packaged and convenience foods from countries like China, India due to rapid urbanization, rising income levels and changing lifestyles.
The key players operating in the Calcium Lactate market 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.
Major players are focusing on new product launches, expansions, collaborations and acquisitions to strengthen their market position. For instance, in 2021, Corbion N.V. launched new calcium lactate powder product to meet diverse calcium fortification needs of food manufacturers.
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