Calcium Citrate Market Expected to Reach $1.2 Billion by 2031—Allied Market Research

According to a new report published by Allied Market Research, titled, “Calcium Citrate Market," The calcium citrate market was valued at $0.8 billion in 2021, and is estimated to reach $1.2 billion by 2031, growing at a CAGR of 3.7% from 2022 to 2031.

Calcium citrate is a white, colorless salt of calcium that is widely used as a food additive in food and beverage sector. Moreover, it is used as a fortifying agent in various non-alcoholic beverages such. In addition to this, it is used in in pharmaceutical sector to increase plasma calcium levels. Furthermore, it reduces calcium flux from osteocyte activity by significantly reducing the secretion of parathyroid hormone (PTH).

The increase in malnutrition among newly born babies and teenagers have surged the number of patients suffering from calcium deficiency where calcium citrate is used to treat calcium deficiency. This may act as one of the key drivers responsible for the growth of the calcium citrate market. In addition, increase in disposable income coupled with busy lifestyles have surged the demand for packed food items where calcium citrate is widely used as a food preservative for enhancing the shelf life. Furthermore, the surge in young population coupled with rise in number of fitness enthusiasts have surged the demand for energy drinks where calcium citrate is widely used to increase the level of calcium. These factors are predicted to contribute toward the global market growth.

However, health risks such as nausea/vomiting, loss of appetite, unusual weight loss, mental/mood changes, and others associated with the use of calcium citrate may hamper the growth of the calcium citrate market during the forecast period.

On the contrary, robust dietary supplement demand where calcium citrate is widely used to enhance the calcium levels in various nutraceutical products is anticipated to increase the sales of calcium citrates; thus creating lucrative opportunities for the market.

The calcium citrate market is segmented on the basis of form, end-use industry, and region. By form, the market is segregated into powder and granules. The powder segment dominated the global market in terms of revenue in 2020, with 60.5% of the total share. This is attributed to the fact that powdered form of calcium citrate is used to treat conditions caused by low calcium levels such as osteoporosis (bone loss), rickets (weak bones), hypoparathyroidism (decrease activity of parathyroid gland), and other muscle-related disorders. This has surged the popularity of powdered form of calcium citrates among various end-use sectors.

By end-use industry, the market is divided into pharmaceutical, food and beverage, and others. The pharmaceutical segment dominated the global market in terms of revenue in 2021, with 45.35% of the total share. This is attributed to increasing spending in developing modern and efficient healthcare systems in both developed and developing economies which in turn may surge the potential application of calcium citrate used for producing various medicinal formulations.

Region-wise, the calcium citrate market is analyzed across North America, Europe, Asia-Pacific, and LAMEA. The Asia-Pacific calcium citrate market size is projected to grow at the highest CAGR during the forecast period, and accounted for a major calcium citrate market share in 2021, owing to rise in food packaging pharmaceutical, and other sectors that have enhanced demand for calcium citrate in the Asia-Pacific region.

China's food packaging sector is increasing rapidly which has forced the calcium citrate manufacturers to increase their manufacturing capacities. Also, countries such as India and Australia are witnessing a rapid increase in pharmaceutical sectors where calcium citrates are employed for producing various medicinal formulations.

Key players operating in the global calcium citrate market include Adani Pharmachem Private Limited, Aditya Chemicals, Alpha Drugs, Balchem Inc., Bayer AG, Daffodil Pharmachem, Gadot Biochemical Industries Ltd, Jungbunzlauer Suisse AG, Jost Chemical Co, Krishna Chemicals, Nikunj Chemicals, Panvo Organics Pvt Ltd., Parchem fine & specialty chemicals, SUCROAL, and Univar Solutions Inc.

COVID-19 analysis:

The calcium citrate market is expected to recover rapidly post-COVID-19 situation due to its increased dependency on pharmaceutical and sectors. For instance, according to an article published by Financial Express, the Indian pharmaceutical industry registered a growth of 15% in 2021, and is expected to grow at an average annual growth rate of 18.6% by 2025. This is expected to enhance the performance of the calcium citrate post- COVID-19 scenario. Furthermore, the food & beverage industry is recovering post-pandemic owing to the rise in online grocery sales. For instance, according to a report published by a research journal named as International Journal of Market Research, the change in customers’ purchasing behavior have increased the sales of online grocery items in 2021. This may surge the demand for calcium citrate used as a major food additive in the food & beverage sector

Key findings of the study

• By form, the powder segment is estimated to showcase the highest growth rate, in terms of revenue, registering a CAGR of 3.8% from 2022 to 2031.
• By end use, the pharmaceutical end-use industry segment is estimated to showcase the highest growth rate, in terms of revenue, registering a CAGR of 3.9% from 2022 to 2031.
• By region, Asia-Pacific held the highest share of 36.4% in 2021, in terms of revenue, growing at a CAGR of 4.1%.