In 2023, the global calcium gluconate market is estimated at USD 95,613.1 million. The market is likely to reach nearly USD 132,948.4 million by 2033, with a growing CAGR of 3.4% from 2023 to 2033. Increasing demand for calcium gluconate from several industries, particularly pharmaceutical, food, and beverage, is resulting in lucrative global market growth.
Calcium gluconate is a compound of gluconic acid and calcium. This compound is usually made directly from oxidizing glucose to gluconic acid and then by lime-formed calcium gluconate.
Also, calcium gluconate is often manufactured by fermentation by using microbial culture in aerobic fermentation procedures, and these compounds are available in crystal form. In case of calcium deficiency or hypocalcemia, calcium gluconate is administered intravenously or orally to treat hypocalcemia.
Also, calcium gluconate is administered in cases of cardiotoxicity from hyperkalemia or hypermagnesemia, or cardiac arrest.
Driving Forces in the Calcium Gluconate Industry
Challenges for Companies and Manufacturers in the Calcium Gluconate Industry
Investment Opportunities in the Calcium Gluconate Industry
Latest Trends Shaping the Calcium Gluconate Industry
Attribute | Details |
---|---|
Calcium Gluconate Market Value (2023) | USD 95,613.1 million |
Calcium Gluconate Market Anticipated Value (2033) | USD 132,948.4 Million |
Calcium Gluconate Projected Growth Rate (2023 to 2033) | 3.4% |
The calcium gluconate market is said to surge as these compounds have increased usage in treating hypocalcemia, hypocalcemia tetany related to hyperparathyroidism, and hypocalcemia owing to swift growth or pregnancy caused by calcium deficiency.
Besides its medical usage, the food and beverage industry adopts calcium gluconate to process products such as soft drinks, milk, bottled water, juices, soy products, dairy products, and many more.
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The increasing prevalence of calcium deficiency across the worldwide population is one of the key factors boosting the growth of the calcium gluconate market during the forecast period. It has been estimated that more than 3.5 million individuals across the globe are at risk of having calcium deficiency.
Hypocalcemia is linked with various medical indications ranging in severity from some mild symptoms to possibly life-threatening or chronic conditions. These factors will contribute significantly to the calcium gluconate market share.
The Nutraceutical industry also has encouraged the demand for calcium gluconate globally. In manufacturing various calcium-based health supplements, calcium gluconate is the key ingredient used. In June 2021, the University of Westminster launched an exclusive Centre for Nutraceuticals in Europe.
It was built to improve human well-being and health through research and innovation. The center is claimed to create new and latest health supplements which will assist people in achieving their goals. Such factors are likely to escalate the calcium gluconate market during the forecast period.
The increasing geriatric population and the growing prevalence of calcium deficiency are slated to drive the global calcium gluconate market during the forecast period. Also, the recent pandemic boosted the demand for health supplements, and it has been anticipated that this will further stir the demand for health-enhancing products, thereby steadily fueling the market's growth.
In the application segment, the pharmaceutical segment is accountable for the biggest market share owing to its abundant benefits in medical treatment. Nonetheless, some factors are known to hinder the growth of the global calcium gluconate market.
It has been concluded that consuming excessive amounts of calcium gluconate can lead to vomiting, nausea, dry mouth, decreased appetite, etc. Also, various food regulatory constraints hamper product formulation, and labeling requirements are impacting the market.
In the global calcium gluconate market, Europe accounts for 40.9% market share. Several factors, such as the increasing prevalence of hypocalcemia, additional government initiatives, growing expenditure towards medical care, improved regulatory scenario, and expanding reimbursement policies and funding, are helping the market of calcium gluconate grow in Germany.
Eurostat recently stated that it had been observed that among the EU Member States, the biggest market share of medical care expenditure was recorded in Germany in 2019.
Increasing approvals and orphan drug designation from European Commission (EC), expanding candidates in clinical trials for the progress of hormonal therapy, and the existence of pharmaceutical players are also factors responsible for making Europe one of the biggest markets for calcium gluconate market.
Asia Pacific is the fastest-growing calcium gluconate market due to increasing consumer demand for healthy products. The demand for calcium gluconate is categorized by the majority population suffering from calcium deficiency. Amongst the population, there is increased health consciousness and a growing preference for food additives and supplements to fulfill calcium demands.
In Asia Pacific, countries like China, India, and Japan are regionally key attributes to industry growth. For example, India is known to be the largest milk producer, yet there is a considerable shortage in calcium intake.
Therefore, the consumption of calcium supplements is getting increasingly common, which could, as a result, promote the growth of the calcium gluconate market in the Asia Pacific.
Ahmedabad, India-based Anil Group of Companies has expanded in the nutraceutical segment for expansion as its venture Anil Bioplus Ltd. (ABL) aims to produce calcium and sodium gluconates. The company is first-of-its-kind to invent gluconates via fermentation procedure in India.
The company has also invested nearly Rs. 150 crores to expand the production of these gluconates in a Greenfield plant that is coming up at Halol in Gujarat, India. Calcium gluconate is used as a source of calcium in nutraceutical and veterinary applications, whereas sodium gluconate is used in the chemical and construction industries.
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Recent developments:
The market is valued at USD 95,613.1 million in 2023.
Aaron Industries Inc, and Glucona America Inc are key calcium gluconate market players.
Bulking agent is estimated as a key segment in the global market.
Players opt for mergers and acquisitions.
India, Japan, and China dominate the Asian market.
Chemicals & Materials
July 2023
REP-GB-1701
333 pages
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