Calcium Citrate Malate projected to boost the growth of Calcium Citrate Malate Market
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The global Calcium Citrate Malate Market is estimated to be valued at US$ 290
Mn in 2023 and is expected to exhibit a CAGR of 7.6% over the forecast period
2023 to 2030, as highlighted in a new report published by Coherent Market
Insights.
Market Overview:
Calcium citrate malate is a complex form of calcium and malic acid used as a
dietary calcium supplement. It is highly absorbable in the body and helps
improve bone health and calorie absorption. The market has seen increased
demand due to growing health consciousness among consumers and rising cases of
osteoporosis worldwide. Calcium citrate malate supplements are available in the
form of tablets, capsules and powders that provide calcium along with the
benefits of malic acid.
Market key trends:
One of the key trends in the market is rising demand from the food and beverage
industry. Calcium citrate malate is increasingly being used as a fortificant in
various foods and beverages to provide calcium and support bone health. Growing
older population across regions is also driving the need for calcium
supplements in the form of calcium citrate malate. Asia Pacific region is
witnessing faster growth owing to rising health problems, growing disposable
incomes and awareness. Technological advancements to develop enhanced delivery
systems of calcium citrate malate supplements is another trend expected to
support the market growth over the forecast period.
Porter's Analysis
Threat of new entrants: New entrants face high capital requirements to build
manufacturing plants and obtain regulatory approvals. Bargaining power of
buyers: The calcium citrate malate market has numerous buyers but individual
buyers have low bargaining power due to availability of substitutes. Bargaining
power of suppliers: Key raw materials suppliers have moderate bargaining power
due to availability of substitutes. Threat of new substitutes: Other dietary
supplements pose threat of substitution due to availability of substitutes in
the market. Competitive rivalry: The global calcium citrate malate market is
fragmented with presence of numerous international and domestic players.
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
awareness among consumers.
North America dominates the global calcium citrate malate market followed by
Europe and Asia Pacific. North America holds more than 35% of market share
owing to increasing demand for dietary supplements in the region. Asia Pacific
exhibits fastest growth rate owing to shifting dietary patterns and growing
health consciousness among Chinese and Indian consumers.
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 focus on new product
development and expansion strategies to strengthen their global footprint.
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