With reference to the latest market forecast report published by XploreMR, titled, 'Calcium Citrate Malate Market: Global Industry Analysis and Opportunity Assessment 2019-2027', revenue generated from the global calcium citrate malate (CCM) market has been estimated to be valued at over US$ 230 Mn by the end of 2019.
Calcium citrate malate is a calcium salt of malic acid and citric acid and is a highly bioavailable supplement of calcium. It is a water-soluble compound and its method of dissolution stem for its bioavailability. When the calcium citrate malate is dissolved in water it releases calcium ions and a calcium citrate complex. The calcium ions are easily absorbed into intestinal cells and the calcium citrate complex enters the body through paracellular absorption. With the increasing use of calcium supplements, the market will have significant growth during the forecast period.
Calcium Citrate Malate Tablets and Sift Gel Remain Sought-after
Based on the market analysis by form, the global calcium citrate malate market is segmented into soft gels, capsules, tablet, liquid and powder& granules, of which, tablets account for more than 30% of the total market share, followed by soft gels. On the basis of end user, the global calcium citrate malate market is segmented into food & beverages, pharmaceutical, nutraceutical, and animal feed. Nutraceuticals are currently leading the way with over 40% of the global market value share.
According to the report, the pharmaceutical industry is anticipated to create lucrative growth opportunities for CCM manufacturers. Based on function, the global calcium citrate malate market is segmented into general well-being, weight management, immune and digestive health, bone and joint health, heart health, eye health, and other indications.
High Demand for Calcium Citrate Malate Expected in Pharma and Pet Food & Feed Industries
Calcium citrate malate is expected to witness proliferating demand over the forecast year, particularly in the North American region. The market for calcium citrate malate in North America currently accounts for more than 25% share of the global market value. Increasing consumption of nutraceutical supplements by North American consumers is highly likely to lead to steady revenue growth of the calcium citrate malate market. Besides, increasing application of calcium in drug manufacturing and pet food and feed industry will remain important factors boosting demand for calcium citrate malate in this region.
Japan and Asia Pacific are estimated to offer maximum growth prospects to the calcium citrate malate market through 2027, according to the study. In addition to rapidly increasing population, these regional markets are driven by increasing use of supplements against rising health concerns. With the growing demand for supplements due to increasing consumption of processed and ready to eat foods are the few driving factors for the MEA region of calcium citrate malate market, as indicated by the report.
Calcium Citrate Malate Market: Competitive Assessment
XploreMR has outlined the most important companies in the global calcium citrate malate market, such Panvo Organics Pvt Ltd., Galxo Smith Kline Plc., Dr. Paul Lohmann GmbH KG, Abbott Laboratories, Posy Pharmachem Pvt. Ltd., NutraBio Labs, Inc., Jost Chemical Co., Akesiss Pharma Pvt Ltd., Medicis Life Sciences Pvt. Ltd., Micro Labs Ltd., Zydus Cadila Healthcare Ltd., Phoenix Pharmaceuticals, FDC Limite, and Klaire Labs.