PUBLISHER: Global Market Insights Inc. | PRODUCT CODE: 1370660
PUBLISHER: Global Market Insights Inc. | PRODUCT CODE: 1370660
Calcium gluconate market size is expected to witness more than 6% CAGR from 2023 to 2032 driven by the growing awareness among consumers regarding the importance of calcium for maintaining bone health and preventing osteoporosis. According to the National Library of Medicine, white men have 20% risk of osteoporosis fracture and nearly 50% of postmenopausal white women are prone to an osteoporosis related fracture.
Similarly, the increasing number of calcium deficiency cases and the rising adoption of calcium supplements by the geriatric population to prevent bone-related ailments are expected to drive the demand for calcium gluconate globally. There is increasing usage of calcium gluconate in various applications such as food fortification, pharmaceuticals, and animal feed supplements, augmenting market growth.
The overall calcium gluconate market is classified based on grade, form, function, application, and region.
The food grade segment is predicted to record high CAGR from 2023 to 2032 owing to the increasing incorporation of calcium gluconate in various food and beverage products. With consumers becoming more health-conscious and seeking products that offer nutritional benefits, the demand for calcium-fortified food items is on the rise. The ability of food grade calcium gluconate to enhance food quality and nutritional content will augment product demand.
The pharmaceutical segment is anticipated to generate high revenues for the market by 2032 attributed to the growing prevalence of calcium deficiency-related diseases and an increase in the geriatric population susceptible to osteoporosis. Pharmaceutical companies are increasingly utilizing calcium gluconate in various medicinal formulations to avert bone diseases. Moreover, the compound's effectiveness in the treatment of conditions such as hypocalcemia and as a supplement in intravenous calcium therapy is further bolstering its demand in the pharmaceutical sector.
Asia Pacific calcium gluconate market size will grow significantly through 2032 due to the growing population, increasing disposable income, and changing lifestyles leading to a rise in health awareness. The region is witnessing expansion of the pharmaceutical and food & beverage industries, that are prominent users of calcium gluconate. This factor is placing the Asia Pacific region as a lucrative avenue for calcium gluconate manufacturers and suppliers, further generating revenues for the market.