In 2023, the global calcium gluconate market is estimated at US$ 95,613.1 million. The market is likely to reach nearly US$ 132,948.4 million by 2033, with a growing CAGR of 3.4% from 2023 to 2033.
Calcium gluconate is a mineral supplement formed by the neutralisation of gluconic acid and calcium carbonate (lime). Calcium gluconate is designated as an essential drug by the World Health Organisation due to the health advantages it provides. Calcium gluconate is commonly used to treat health problems such as hypocalcemia tetany, hypocalcemia induced by hyperparathyroidism, and hypocalcemia caused by rapid growth or pregnancy due to a calcium deficit.
Aside from its use in medicine, it also finds application in the food and beverage industry to process food products such as milk, soft drinks, juices, bottled waters, dairy products, soy products, and others. Hence, calcium gluconate can be used in a variety of industries.
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The global calcium gluconate market is slated to proliferate owing to the increasing application of calcium gluconate in various end sectors like pharmaceuticals, food and beverage, and many others. The surge in demand for a health-enhancing product is driving the market globally.
Changing consumers’ lifestyles, coupled with growing per capita income, has generated a rise in demand for healthy products, directly facilitating the rise in demand for calcium gluconate. And this is, in turn, driving the global gluconate market forward.
Calcium Gluconate Market Growth Drivers
The global calcium gluconate market is predicted to grow rapidly due to the increasing application of calcium gluconate. Calcium gluconate finds applications in various end sectors such as the pharmaceutical industry, food processing industry, and food industry. Besides, the nutraceutical industry has also stirred up the demand for calcium gluconate internationally. Calcium gluconate is the primary ingredient used in the production of several calcium-based health supplements. In the food and beverage industry, calcium gluconate is used as an emulsifier, a bulking agent, and a thickening agent. These properties are all that is driving the market globally.
Furthermore, a rise in the aging population, coupled with a surge in calcium deficiency, is slated to drive the global calcium gluconate market over the forecast period. Besides, the current pandemic outbreak has fostered the rise in demand for healthy products. It’s predicted that the pandemic’s effect will only create a spike in the health-enhancing product market. However, consumers’ won’t give up on the usage of health-enhancing products. Therefore, the calcium gluconate market will grow steadily in post-COVID-19.
Calcium Gluconate Market Restraint
The global calcium gluconate market is not without its challenges. Research has shown that excessive consumption of calcium often hurt health. Some of the side effects include; nausea, constipation, cardiac arrhythmias, vomiting, and low blood pressure, and bradycardia. All these factors are slated to restrain market growth.
Calcium Gluconate Market: Region-wise Analysis
The Asia Pacific region is the fastest-growing market for calcium gluconate market owing to the rise in demand for healthy products from consumers within the region. Emerging economies like China, India, and Japan are predicted to create an upswing in the market for calcium gluconate due to changes in consumers’ lifestyles and growing health-conscious populations. Increasing awareness regarding the health benefits of consuming calcium gluconate products coupled with increasing disposable income are factors expected to generate a surge in the global calcium gluconate market. A healthy CAGR will be recorded over the forecast period within the Asia Pacific region.
Calcium Gluconate Market: Competitive Landscape
- Aaron Industries, Inc.
- American Biorganic
- Coyne Chemical
- Glucona America, Inc
- PMP Fermentation Products, Inc
- Noah Technologies Corporation
- Westco Chemicals Inc
- Mallinckrodt Inc.
Region-wise Analysis
- North America (U.S., Canada)
- Latin America (Mexico, Brazil)
- Europe (Germany, U.K., France, Italy, Spain, Poland, Russia)
- East Asia (China, Japan, South Korea)
- South Asia (India, Thailand, Malaysia, Vietnam, Indonesia)
- Oceania (Australia, New Zealand)
- Middle East & Africa (GCC Countries, Turkey, Northern Africa, South Africa)
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Global Calcium Gluconate Market Segment Analysis
The global calcium gluconate market can be segmented on the following basis:
By Grade:
- Pharmaceutical
- Food
By Form:
- Powder
- Gum
- Liquid
By Application:
- Oral Liquid
- Pharmaceutical
- Tablets
- Food Additive Nutraceuticals
- Food and Beverage
By End Use:
- Bulking Agent
- Emulsifier
- Thickening Agent
By Region:
- North America
- Latin America
- Asia Pacific
- MEA
- Europe
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