Market Overview:
Calcium Lactate is a calcium and lactic acid salt with numerous applications across various industries such as food & beverages, pharmaceuticals, animal feed, and agriculture among others. It has high calcium content and protein compatibility, imparting acidity regulation and pH adjustment properties. Calcium lactate helps enhance calcium absorption and strengthens bones and teeth. It is widely used as a nutritional supplement in dietary products.
Market key trends:
It is commonly used as a leavening agent and acidity regulator in bakery products such as bread, pastries, and cakes. Calcium lactate enhances texture and extends shelf life of baked goods by regulating pH. The rising consumption of convenience and packaged food products across the globe is fueling the demand for functional food ingredients like calcium lactate. Furthermore, growing health consciousness among consumers has increased the demand for calcium-fortified and nutritionally enriched food & beverage products, which is augmenting the calcium lactate market.
Porter’s Analysis
Threat of new entrants: The calcium lactate market requires large investments in R&D and manufacturing facilities to produce high quality products. This poses significant entry barriers for new players.
Bargaining power of buyers: Buyers have moderate bargaining power as calcium lactate has applications across various end use industries like food and beverage, pharmaceutical and personal care industries. Buyers can negotiate on price owing to the availability of substitutes.
Bargaining power of suppliers: Suppliers have moderate bargaining power as raw materials required for producing calcium lactate are commoditized in nature. Supplier base is also fragmented. However, switching costs for buyers are low.
Threat of new substitutes: Substitutes like calcium citrate and calcium gluconate pose threat to the calcium lactate market.
Competitive rivalry: The market is moderately competitive with presence of numerous regional and global players.
The global Calcium Lactate Market Demand is estimated to be valued at US$ 1725 Mn in 2023 and is expected to exhibit a CAGR of 2.5% over the forecast period 2023 to 2030, as highlighted in a new report published by Coherent Market Insights.
SWOT Analysis
Strength: Calcium lactate has high calcium bioavailability and water solubility. It is widely used as a food additive, feed supplement and pharmaceutical excipient.
Weakness: Fluctuating prices of raw materials like lactic acid can impact profit margins. Heavy dependence on seasonal crops for raw material supply.
Opportunity: Growing demand from food and beverage industry due to increasing consumption of convenience and packaged foods. Rising usage in personal care products owing to nutritional and buffering properties.
Threats: Stringent regulations pertaining to usage of food additives. Increased adoption of substitute products.
Key Takeaways
The global calcium lactate market is expected to witness high growth exhibiting a CAGR of 2.5% over the forecast period due to increasing demand for convenience and packaged food products.
Regional analysis: Asia Pacific dominates the global market owing to growing food processing industry in China and India. The North American calcium lactate market is expected to grow at a steady pace due to rising health-conscious population.
Key players analysis: Key players operating in the calcium lactate market are Accion S.A., Cargill Incorporation, 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. Cargill captues over 25% of global market share due to its integrated production facilities and widespread distribution network.
Note:
1. Source: Coherent Market Insights, Public sources, Desk research
2. We have leveraged AI tools to mine information and compile it
