Market Size of Calcium Citrate Industry
| Study Period | 2019 - 2029 |
| Market Size (2024) | USD 0.89 Billion |
| Market Size (2029) | USD 1.06 Billion |
| CAGR (2024 - 2029) | 3.54 % |
| Fastest Growing Market | Europe |
| Largest Market | Asia Pacific |
Major Players.webp){kind=logo}
*Disclaimer: Major Players sorted in no particular order |
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Calcium Citrate Market Analysis
The Calcium Citrate Market size is estimated at USD 0.89 billion in 2024, and is expected to reach USD 1.06 billion by 2029, growing at a CAGR of 3.54% during the forecast period (2024-2029).
The market is driven by its varied application in several end-user industries, ranging from its role as an acidity regulator, emulsifier, and preservative in food and beverage to its role as a diuretic and phlegm agent in pharmaceuticals. Calcium citrate has wide industry applications, and it is being used in most regions. An increasing number of millennials are opting for calcium-based supplements. The growth in the demand for supplements and nutrients, particularly among the baby boomer population, is expected to augment the market for calcium citrate. Calcium citrate is mostly found in powder. However, micronized powder witnessed significant growth due to its properties.
In established and developing countries, the rise in consumer purchasing power and fast-paced lifestyles drive the sales of packaged food products. According to a Business Standard article, the demographic dividend, e-commerce boom, and economic growth may all contribute to India's packed food industry doubling in size over the next 5-10 years. In many packaged food items, calcium citrate is a ubiquitous food additive. The popularity of packaged foods, which use calcium citrate to remove moisture from the packaging and extend the shelf life of food products, has also increased due to trends toward healthier eating habits. This may propel the growth of the calcium citrate market during the forecast period.
The growing incidence of lifestyle diseases has led the pharmaceutical sector to witness significant growth. For instance, according to a report published by the National Investment Promotion & Facilitation Agency, the Indian pharmaceutical sector was expected to reach USD 372 billion by 2022, at a CAGR of 39%. The emergence of diseases such as cancer, HIV or AIDS, and tuberculosis have surged the R&D activities for developing highly efficient drugs where calcium citrate is used as a diuretic and phlegm agent for pharmaceutical formulation development. Such factors are anticipated to foster the demand for the market during the forecast period.
