Calcium Citrate Market - Growth, Trends, Forecast (2019 - 2024)
|出版商||Mordor Intelligence LLP||商品編碼||866610|
|出版日期||內容資訊||英文 105 Pages
|檸檬酸鈣的全球市場:成長率，趨勢及預測分析(2019年∼2024年) Calcium Citrate Market - Growth, Trends, Forecast (2019 - 2024)|
|出版日期: 2019年04月01日||內容資訊: 英文 105 Pages||
Global Calcium Citrate market is forecasted to reach USD 897.73 million by 2024 growing at a CAGR of 3.6% during the forecast period (2019 - 2024).
The scope of the market studied includes calcium citrate market including micronized powder, powder and granular form of calcium citrate. Powder is the most common form of calcium citrate available in the market and continues to do so, owing to the increased demand for calcium supplements. The powder form enhances its ready absorption and activity. By application, it includes agriculture, food & beverage, healthcare and others, followed by segmentation by geography.
Increased demand for calcium supplements, mostly among women
An increasing number of millennials are opting for calcium-based supplements, women, especially in their mid-30s, have shown greater interest toward calcium-based supplements, in order to maintain their bone health, which has further fueled the calcium citrate market. The major technological advantage in the favor of calcium citrate-based supplement is its high absorption efficiency - calcium citrate does not require any extra bile acids (secreted during digestion) for its absorption. It can be safely consumed even on an empty stomach. The market has recently witnessed the emergence of calcium citrate supplements in a variety of forms, including tablets, capsules, chews, liquids, and powders. The market for bone and joint health ingredients as evident from the graph is set to witness a decent growth rate. Calcium, as it is well known for bone and joint health, is a main growth-promoting factor.
Asia-Pacific Remains the Largest Market
Asia-Pacific followed by North America and Europe accounted for the largest markets for calcium citrate, owing to its wide application across diverse industries and its products. In the North American region, government regulations on using safe preservatives as a measure of food safety issues have further led to an increased demand for calcium citrate. With the rising trend for fortified food, drinks, and supplements in the United States, there is an increased demand for calcium citrate as it adds the required nutritional value to the product. Calcium citrate has been recognized as safe to be used as an additive by the European committee in several products like infant formulae, follow-on formulae, or weaning foods.
The global calcium citrate market is highly dynamic and fragmented. Some of the prominent players in the market studied include Jungbunzlauer, Jost Chemical, Gadot Biochemical Industries Ltd, Albion Minerals (Parent Company: Balchem Corporation), Sucroal SA, and Dr. Paul Lohmann GmbH KG. The production and consumption scenario of calcium citrate in the global market is such that China virtually dominates both. The Chinese market exhibits a large number of private-label brands that collectively contribute to the production boom of calcium citrate. This is one of the major contributing factors for the fragmented nature of the industry. Product innovation remains the most common strategy adopted by key players like Jungbunzlauer and Jost Chemical. Whereas, the partnership is the second-most common strategy adopted by players, such as FoodChem International Corporation.