Calcium Lactate: Asia Pacific Increasing Global Dominance
Bangalore, India: With its recently published study “Worldwide Calcium Lactate Market: Drivers, Opportunities, Trends & Forecasts Up to 2022”, Infoholic forecasts that the global market for calcium lactate will continue to increase owing to the increased exposure of wide application areas in the underdeveloped and developing countries. Because of its properties, calcium lactate is used as emulsifier, moisturizer and stabilizer in various application areas such as feed additives, food & beverage, cosmetics. Increased use of calcium lactate in feed additives, due to its relatively lower price as compared to most of the eco-friendly alternative, will expand its market in the underdeveloped and developing countries. This pattern is expected to continue during the forecast period 2016–2022 to increase calcium lactate market, growing at a CAGR of 6.8%.
Food & beverage is contributing the most towards the calcium lactate market and is the largest segment in demand. This trend is expected to continue during the forecast period as well. The feed additives segment is expected to grow with second highest growth rate at CAGR of 7.4% during the forecast period 2016–2022, following the food & beverage segment.
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Several alternatives such as calcium chloride, sodium lactate, potassium lactate among others are present which have led to decrease in demand for calcium lactate. However, calcium chloride’s usage is decreasing due to the presence of chlorine which is carcinogenic. Sodium lactate and potassium lactate being more effective than calcium lactate has a disadvantage of premium cost due to which its usage is restricted mainly in developed countries.
“Calcium lactate is a non-toxic, non-hazardous and eco-friendly compound made by the chemical reaction of lactic acid with calcium carbonate. Due to its high level of calcium, it is used as a calcium supplement. Calcium lactate is easily absorbed by the body due to which it is used in food & beverage and also in feed additives. Calcium lactate being cheap when compared to other alternate substitutes is favoured in many geographies. Asia Pacific dominates the calcium lactate market as it is the hub of most manufacturing units. This trend is expected to continue for next 5-7 years resulting most of global calcium lactate being sourced from Asian Manufacturers.” – Ankur Kalra, Research Manager, Chemicals and Materials.
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Key insights of the report
- Global calcium lactate market has been analyzed based on application areas
- Food & Beverage
- Feed Additives
- Others (such as industrial)
- Global calcium lactate market has been analyzed based on geography
- Asia Pacific
- North America
- Rest of the World
- Industry outlook: market trends and drivers, restraints, and opportunities
Ms. Kathakali Basu
Infoholic Research LLP