The global calcium lactate market size is expected to witness potential gains in the future, and register a significant CAGR of 1.7% in terms of value over the forecast period (2019 - 2027).
Market Overview
Calcium lactate is a salt that contains two lactate anions for each calcium cation (Ca2+). Calcium lactate is used to prevent and to treat calcium deficiencies such osteoporosis, osteomalacia/rickets, hypoparathyroidism, and latent tetany. Calcium lactate is found in daily dietary supplements as a source of calcium. Lactic acid is neutralized with calcium carbonate or calcium hydroxide to commercially prepare calcium lactate. According to the U.S. Food and Drugs Administration (FDA), calcium lactate can be used in food, except in infant foods and infant formulas, at levels not to exceed current good manufacturing practice. It is used as a firming agent, flavoring agent, leavening agent, stabilizer, and thickener.
Market Dynamics
Increasing prevalence of calcium deficiency and associated diseases is expected to boost growth of the calcium lactate market. According to the International Osteoporosis Foundation, over 200 million people worldwide suffer from osteoporosis. Increasing geriatric population is also expected to contribute to the market size over the forecast period. People above 65 years of age may suffer from calcium deficiency. Calcium supplements in the form of gluconate, lactate, or phosphate can be used to strengthen bones.
Market Outlook
Asia Pacific is the fastest growing market in the global calcium lactate market, with China and India poised as major growth engines. This is attributed to significant growth in the pharmaceutical and food processing industries in the region. North America is also expected to witness significant growth in the calcium lactate market due to presence of major pharmaceutical companies such as Pfizer and Johnson & Johnsons.
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