Calcium Malate Market Trends and Growth 2020-2030
A recent study published by Transparency Market Research on the calcium malate market includes global industry analysis and opportunity assessment for 2020-2030. The revenue generated from the global calcium malate market was valued at ~US$ 211.4 Mn in 2020, which is estimated to rise at a CAGR of 5.6%, to reach ~US$ 360 Mn by 2030.
Evolving Functions of Calcium Malate in Supplements Bolstering Market Growth
Calcium malate, as a supplement, is useful for various functions, which include general well-being, immune & digestive health, heart health, weight management, bone & joint health, and eye health. Calcium and its supplements are mainly used for bone and joint health, as bones are made of calcium and with increasing age, they undergo the process of porosis. In the immune system, calcium is required for signaling during any infection, inflammation, or an immune response. The deficiency of calcium causes the problem in vision and therefore, is required for eye health. There are various ongoing research studies in relation to calcium consumption and weight loss. For general well-being, calcium is required for hormone production in pregnant and lactating women, girls in adolescents, and for various other signaling pathways. Owing to the many functions of calcium in the human body, consumers are expected to increase their consumption of calcium, thereby supporting the growth of the calcium malate market during the forecast period.
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Increasing Preference for Prevention Rather than Cure
Nowadays, people across the globe are consuming more processed food and therefore, the need for additional dietary supplements such as minerals and vitamins has increased. Calcium is required for healthy bones, strong teeth, and various other functions in the body. With growing age, the requirement of calcium increases and hence, the market for calcium supplements is anticipated to grow during the forecast period. Manufacturers are focusing on more efficient source of calcium for developing supplements and its products. Calcium citrate malate is easily absorbed without being affected by gastric juices.
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Product Offerings
A new innovative product of calcium malate is expected to be introduced in the market. It is a calcium supplement, which is consumed in different concentrations at different ages. Therefore, formulations for all age groups are expected to be introduced in the market during the forecast period. Manufacturers are anticipated to introduce liquid supplements for infants, chewable for kids, and powder form for seniors.
- In 2018, Jost chemical Co. launched a new product, which is a calcium magnesium citrate co-salt approved by the FDA as a new dietary ingredient
- In 2019, GSK and Merck KGaA, Darmstadt, Germany jointly announced global alliance to develop and commercialize M7824, a novel immunotherapy with the potential to treat multiple difficult cancers
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