The Asia Pacific is expected to dominate the global calcium lactate market and this is attributed to the expanding end-user industries such as pharmaceuticals, agriculture/animal feed, and food processing industry. Also, the increasing population and growing disposable income of the consumer are again anticipated to propel the growth of the calcium lactate market. An increase in fast-food consumption in the region is further fostering the growth of the market.
Expanding the pharmaceutical industry at a rapid pace is significantly fueling the growth of the calcium lactate market. According to Pharmaceutical Commerce, the global pharmaceutical market made $1.2 trillion in 2018. The market is expected to reach $1.5 trillion by 2023, at a growth rate of 4–5%. Also, the growing food &beverage industry as food &beverage is one of the major end-user of calcium lactate is again projected to foster the growth of the market. It is used as an additive in the preparation of various food such as bakery, dairy products, etc. Moreover, expanding the food processing industry across South Asian countries such as Indonesia, Myanmar, and Taiwan is also fostering the growth of the market. Furthermore, it is also used as an acidity regulator in the agriculture/animal feed industry.
North America region is also one of the largest food &beverage markets and this is attributed to the increasing spending on the industry. According to the Economic Research Service U.S. Department of Agriculture, in 2019, food spending by U.S. consumers, businesses, and government entities totaled $1.77 trillion. Food away-from-home accounted for 54.8 percent of total food expenditures, up from 50.1 percent in 2009.
Calcium lactate or calcium carbonate is the compound formed by the breakdown of lactose in milk when it has sugar content. Calcium lactate can be separated into two states - acid and non-acid. The acid form is used in making milk and most of the products are derived from milk. The non-acid form is used more commonly and is derived from fruits, vegetables, sugarcane, and other food products. Some of the calcium supplements in the market contain both of the forms at an equal level. Calcium lactate serves as a source of energy and plays an important role in breaking down muscle tissues and other tissues in the body.
Key players operating in the global calcium lactate market include Alfa Chemical Corporation, Wego Chemicals & Minerals Corp., Haviland Enterprises, Inc., and Action Labs Inc.