The calcium lactate is a white crystalline salt commercially prepared by the neutralization of calcium carbonate and lactic acid. The carbonate group present in calcium carbonate is displaced by lactic acid, resulting in the formation of calcium lactate. The primary application of calcium lactate is to prevent and treat calcium deficiencies. It can also be used to treat conditions caused by low calcium levels, such as osteoporosis, weak bones, hypoparathyroidism, and latent tetany.
The increasing prevalence of bone diseases, especially among the geriatric population, is likely to drive the demand for calcium lactate during the forecast period. As per the International Osteoporosis Foundation, osteoporosis is estimated to affect over 200 million women worldwide. As per the World Health Organization (WHO), in 2018, about 125 million people were aged 80 and above across the globe, and the number is projected to reach 434 million by 2050.
Source: The Organization for Economic Co-operation and Development (OECD)
Calcium is one of the most important nutritional elements for optimal bone and dental health and plays an essential role in our day to day life. A calcium-rich diet is crucial in the development of an infant's bones and among the pregnant women who require calcium-rich food every day to meet their needs. And as the consumption of food alone cannot fulfill these calcium demands, consumers have started to depend on calcium supplements in order to meet these demands, further driving the market growth. However, the availability of other supplement substitutes, such as sodium lactate and potassium lactate, and the risk associated with high consumption of calcium lactate hamper the market growth.
In the cosmetic industry, calcium lactate is used as a cosmetic astringent and exfoliant and is significantly consumed in the formulations of moisturizers, cleansing products, skincare products, makeups, shampoos, and hair dyes. The calcium lactate is eco-friendly, non-toxic, and non-hazardous. In recent years, the strengthening of the economy and globalization has improved the consumer standard of living, owing to which they are now willing to spend on personal care and cosmetic products. Additionally, increasing investment in the R&D for cosmetic product development and the growing collaboration between the players engaged in the cosmetic industry drives the market growth.
The food and beverage segment holds the largest market share as it is one of the largest users of calcium lactate. It is used as an ingredient in baking powder, dairy products, fruit juices, and chewing gum, where it increases the remineralization of teeth enamel. The increasing concern among the individuals regarding their health has shifted them towards healthier eating habits, further increasing the consumption of milk and bread.
The pharmaceutical sector dominates the calcium lactate market during the forecast period. Across the pharmaceutical industry, calcium lactate is a commonly used antacid. Additionally, it is also used in the formulation of drugs that helps in nerve conduction and muscle contraction. The increasing prevalence of diseases among individuals, owing to unhealthy sanitation practices and sedentary lifestyles, has created a need for more pharmaceutical drugs, further driving the market growth.
Asia-Pacific holds the largest market share in the calcium lactate market as the region is backed by the presence of China and India, which are the largest consumers of calcium lactate. As per the OECD, in 2018, the percentage of the elderly population in China and India is 11.1 and 6.1 percent, respectively. In line with this, the pharmaceutical industry in these economies is also witnessing steady growth. Furthermore, the growing food processing industries in South Asian economies, such as Indonesia, Myanmar, and Thailand, are also expected to create a demand for calcium lactate in the upcoming years.
Europe is anticipated to hold a prominent share in the calcium lactate market on account of the presence of a well-established pharmaceutical industry across the markets of France, Germany, the U.K., and Italy. Also, consumers in the region are moving towards more personalized and transparent diets, further driving the demand for calcium lactate and bakery products. As per the Food and Agriculture Organization (FAO), in Europe, milk output increased by 226.4 million tons in 2018, up by 0.8% from 2017. The Cheese exports of the European Union grew by a moderate of 0.4% in 2018. Thus, the burgeoning food and beverage industry drive regional market growth.