Calcium Citrate Malate Market will grow at highest pace owing to increased demand for dietary supplements
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Calcium Citrate Malate Market |
Calcium Citrate Malate is a calcium supplement that helps in absorption of calcium in the body. It contains calcium and citric acid that supports bone health and teeth. Calcium Citrate Malate dissolves easily in stomach and facilitates quick calcium absorption compared to other calcium supplements. It is widely used in dietary supplements, pharmaceuticals, food and beverages industries due to its ability to enhance calcium levels in the body. The global calcium supplementation market has witnessed significant growth over the past few years due to rising health consciousness. The demand for calcium rich foods and supplements is increasing significantly owing to growing elderly population and associated health conditions like osteoporosis.
The Global Calcium Citrate Malate Market is estimated to be valued at US$ 334.08 Mn in 2024 and is expected to exhibit a CAGR of 8.4% over the forecast period 2024 to 2030.
Key Takeaways
Key players operating in the Calcium Citrate Malate market are Omron
Corporation, Texas Instruments Incorporated, ABB Limited, TE Connectivity Inc.,
Sick AG, Omega Engineering Inc., Bosch Sensortec GmbH, Honeywell International
Inc., First Sensor AG, Rockwell Automation Inc., NXP Semiconductors NV, Siemens
AG, ams AG, and STMicroelectronics Inc. The demand for calcium citrate malate
supplements is increasing at a robust pace owing to growing health awareness
among consumers and increasing prevalence of bone related disorders like
osteoporosis. Technological advancements in supplement formulation technologies
have enabled manufacturers to launch advanced calcium citrate malate
supplements with enhanced bioavailability and palatability traits.
Market Trends
Personalized nutrition trend - With growing focus on customizable nutrition
based on individual physiology, manufacturers are developing personalized
calcium supplements including bone-specific formulations. Calcium
Citrate Malate Market Size This is expected to drive higher demand for
Calcium Citrate Malate in the coming years.
Rising Vegan Population - Vegan population is increasing steadily globally due
to ethical reasons and varied health benefits. Plant-based Calcium Citrate
Malate supplements are gaining traction catering to the bone and muscle health
needs of vegan consumers.
Market Opportunities
E-commerce platforms - Online retail channels offer lucrative growth
opportunities for calcium citrate malate supplement brands to tap international
markets and expand consumer reach. Enhanced visibility and convenient
purchasing will support market revenues via e-commerce.
New delivery formats - Development of advanced delivery formats such as
chewable/melts, gummies etc can help attract newer consumer base including kids
and adolescents requiring bone support supplements. Novel formats are expected
to boost the market attractiveness.
Impact of COVID-19 on Calcium Citrate Malate Market
The COVID-19 pandemic has adversely impacted the global calcium citrate malate
market. Supply chains were disrupted and production facilities had to shut down
temporarily to curb the spread of the virus. Calcium citrate malate is commonly
used as a dietary supplement. During lockdowns and restrictions imposed
globally, sales of dietary supplements declined sharply as people stayed
indoors. Higher priorities were given to essential goods and services. Demand
from the food and beverage sector also reduced due to slump in consumption
outside home. However, with work from home becoming a new norm, focus on health
and nutrition increased. Some people started taking supplements as a preventive
measure to boost immunity. Online sales of supplements witnessed significant
growth as people relied more on e-commerce platforms for purchases. Post pandemic,
the market is recovering gradually as production picks up pace and supply
chains normalize. Demand from nutritional sectors is rising again. Market
players have adapted to new conditions and are launching products that cater to
evolving consumer needs and preferences in the present scenario.
In terms of geographical concentration, North America currently dominates the
global calcium citrate malate market in terms of value. USA and Canada are the
major revenue generators. High health awareness and per capita spending on
dietary supplements have boosted demand in the region. Europe occupies the
second spot supported by countries like Germany, UK and France. Asia Pacific is
emerging as the fastest growing regional market for calcium citrate malate
driven by China, Japan and India. Rising health consciousness, growing middle
class population and improving disposable income levels in developing nations
are fueling market growth in Asia Pacific region.
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